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Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries (Tables) | 9 Months Ended
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Sep. 30, 2016
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract] |
Condensed Consolidating Balance Sheets |
Condensed Consolidating Balance Sheet at September 30, 2016 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |
Total investments | $ | 195,577 |  |  | $ | 117,733 |  |  | $ | 275,624 |  |  | $ | — |  |  | $ | 8,625,621 |  |  | $ | — |  |  | $ | 9,214,555 |
Cash and cash equivalents | 10,147 |  |  | 857 |  |  | 1,745 |  |  | 2,530 |  |  | 478,051 |  |  | — |  |  | 493,330 |
Investments in subsidiaries | 4,080,741 |  |  | 38,860 |  |  | 899,635 |  |  | 1,218,521 |  |  | — |  |  | (6,237,757 | ) |  | — |
Due from subsidiaries and affiliates | 119,086 |  |  | 92,192 |  |  | — |  |  | 2,345 |  |  | — |  |  | (213,623 | ) |  | — |
Premiums receivable | — |  |  | — |  |  | — |  |  | — |  |  | 1,181,331 |  |  | — |  |  | 1,181,331 |
Prepaid reinsurance premiums | — |  |  | — |  |  | — |  |  | — |  |  | 511,421 |  |  | — |  |  | 511,421 |
Reinsurance recoverable | — |  |  | — |  |  | — |  |  | — |  |  | 240,769 |  |  | — |  |  | 240,769 |
Accrued investment income | 153 |  |  | 224 |  |  | 514 |  |  | — |  |  | 36,354 |  |  | — |  |  | 37,245 |
Deferred acquisition costs | — |  |  | — |  |  | — |  |  | — |  |  | 351,841 |  |  | — |  |  | 351,841 |
Receivable for investments sold | 46 |  |  | 4 |  |  | 4,019 |  |  | — |  |  | 189,002 |  |  | — |  |  | 193,071 |
Other assets | 405,702 |  |  | 31,877 |  |  | 10,222 |  |  | 123,787 |  |  | 124,129 |  |  | (514,427 | ) |  | 181,290 |
Goodwill and other intangible assets | 132,072 |  |  | — |  |  | — |  |  | — |  |  | 122,606 |  |  | — |  |  | 254,678 |
Total assets | $ | 4,943,524 |  |  | $ | 281,747 |  |  | $ | 1,191,759 |  |  | $ | 1,347,183 |  |  | $ | 11,861,125 |  |  | $ | (6,965,807 | ) |  | $ | 12,659,531 |
Liabilities, Noncontrolling Interests and Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,861,099 |  |  | $ | — |  |  | $ | 2,861,099 |
Unearned premiums | — |  |  | — |  |  | — |  |  | — |  |  | 1,434,136 |  |  | — |  |  | 1,434,136 |
Debt | 117,000 |  |  | — |  |  | 258,563 |  |  | 545,713 |  |  | 147,344 |  |  | (117,000 | ) |  | 951,620 |
Amounts due to subsidiaries and affiliates | 4,012 |  |  | 153 |  |  | 96 |  |  | 95,928 |  |  | — |  |  | (100,189 | ) |  | — |
Reinsurance balances payable | — |  |  | — |  |  | — |  |  | — |  |  | 774,660 |  |  | — |  |  | 774,660 |
Payable for investments purchased | — |  |  | 1 |  |  | 4,259 |  |  | — |  |  | 433,566 |  |  | — |  |  | 437,826 |
Other liabilities | 14,722 |  |  | 5,638 |  |  | 5,265 |  |  | — |  |  | 212,349 |  |  | (10,127 | ) |  | 227,847 |
Total liabilities | 135,734 |  |  | 5,792 |  |  | 268,183 |  |  | 641,641 |  |  | 5,863,154 |  |  | (227,316 | ) |  | 6,687,188 |
Redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | 1,164,553 |  |  | — |  |  | 1,164,553 |
Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Total shareholders’ equity | 4,807,790 |  |  | 275,955 |  |  | 923,576 |  |  | 705,542 |  |  | 4,833,418 |  |  | (6,738,491 | ) |  | 4,807,790 |
Total liabilities, noncontrolling interests and shareholders’ equity | $ | 4,943,524 |  |  | $ | 281,747 |  |  | $ | 1,191,759 |  |  | $ | 1,347,183 |  |  | $ | 11,861,125 |  |  | $ | (6,965,807 | ) |  | $ | 12,659,531 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Balance Sheet at December 31, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |
Total investments | $ | 349,892 |  |  | $ | 127,087 |  |  | $ | 205,777 |  |  | $ | — |  |  | $ | 8,316,312 |  |  | $ | — |  |  | $ | 8,999,068 |
Cash and cash equivalents | 10,185 |  |  | 5,908 |  |  | 7,103 |  |  | 677 |  |  | 483,012 |  |  | — |  |  | 506,885 |
Investments in subsidiaries | 3,902,519 |  |  | 48,754 |  |  | 867,909 |  |  | 1,185,736 |  |  | — |  |  | (6,004,918 | ) |  | — |
Due from subsidiaries and affiliates | 81,282 |  |  | 69,739 |  |  | — |  |  | — |  |  | — |  |  | (151,021 | ) |  | — |
Premiums receivable | — |  |  | — |  |  | — |  |  | — |  |  | 778,009 |  |  | — |  |  | 778,009 |
Prepaid reinsurance premiums | — |  |  | — |  |  | — |  |  | — |  |  | 230,671 |  |  | — |  |  | 230,671 |
Reinsurance recoverable | — |  |  | — |  |  | — |  |  | — |  |  | 134,526 |  |  | — |  |  | 134,526 |
Accrued investment income | 1,253 |  |  | 169 |  |  | 348 |  |  | — |  |  | 37,979 |  |  | — |  |  | 39,749 |
Deferred acquisition costs | — |  |  | — |  |  | — |  |  | — |  |  | 199,380 |  |  | — |  |  | 199,380 |
Receivable for investments sold | 26 |  |  | 1 |  |  | 68,537 |  |  | — |  |  | 152,270 |  |  | — |  |  | 220,834 |
Other assets | 390,302 |  |  | 29,532 |  |  | 12,852 |  |  | 115,456 |  |  | 124,215 |  |  | (491,346 | ) |  | 181,011 |
Goodwill and other intangible assets | 137,064 |  |  | — |  |  | — |  |  | — |  |  | 128,090 |  |  | — |  |  | 265,154 |
Total assets | $ | 4,872,523 |  |  | $ | 281,190 |  |  | $ | 1,162,526 |  |  | $ | 1,301,869 |  |  | $ | 10,584,464 |  |  | $ | (6,647,285 | ) |  | $ | 11,555,287 |
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,767,045 |  |  | $ | — |  |  | $ | 2,767,045 |
Unearned premiums | — |  |  | — |  |  | — |  |  | — |  |  | 889,102 |  |  | — |  |  | 889,102 |
Debt | 117,000 |  |  | — |  |  | 268,196 |  |  | 545,187 |  |  | 147,112 |  |  | (117,000 | ) |  | 960,495 |
Amounts due to subsidiaries and affiliates | 2,641 |  |  | 202 |  |  | 204 |  |  | 68,204 |  |  | — |  |  | (71,251 | ) |  | — |
Reinsurance balances payable | — |  |  | — |  |  | — |  |  | — |  |  | 523,974 |  |  | — |  |  | 523,974 |
Payable for investments purchased | 999 |  |  | 6 |  |  | 25 |  |  | — |  |  | 390,348 |  |  | — |  |  | 391,378 |
Other liabilities | 19,699 |  |  | 1,148 |  |  | 6,620 |  |  | — |  |  | 222,320 |  |  | (4,642 | ) |  | 245,145 |
Total liabilities | 140,339 |  |  | 1,356 |  |  | 275,045 |  |  | 613,391 |  |  | 4,939,901 |  |  | (192,893 | ) |  | 5,777,139 |
Redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | 1,045,964 |  |  | — |  |  | 1,045,964 |
Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Total shareholders’ equity | 4,732,184 |  |  | 279,834 |  |  | 887,481 |  |  | 688,478 |  |  | 4,598,599 |  |  | (6,454,392 | ) |  | 4,732,184 |
Total liabilities, redeemable noncontrolling interest and shareholders’ equity | $ | 4,872,523 |  |  | $ | 281,190 |  |  | $ | 1,162,526 |  |  | $ | 1,301,869 |  |  | $ | 10,584,464 |  |  | $ | (6,647,285 | ) |  | $ | 11,555,287 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statements of Operations |
Condensed Consolidating Statement of Operations for the nine months ended September 30, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,038,976 |  |  | $ | — |  |  | $ | 1,038,976 |
Net investment income | 8,773 |  |  | 950 |  |  | 2,609 |  |  | 856 |  |  | 101,355 |  |  | (7,894 | ) |  | 106,649 |
Net foreign exchange losses | (6 | ) |  | — |  |  | — |  |  | — |  |  | (4,248 | ) |  | — |  |  | (4,254 | )
Equity in earnings of other ventures | — |  |  | — |  |  | — |  |  | — |  |  | 17,185 |  |  | — |  |  | 17,185 |
Other income | 663 |  |  | — |  |  | — |  |  | — |  |  | 5,272 |  |  | (663 | ) |  | 5,272 |
Net realized and unrealized losses on investments | (2,248 | ) |  | (2,079 | ) |  | (20,434 | ) |  | — |  |  | (1,340 | ) |  | — |  |  | (26,101 | )
Total revenues | 7,182 |  |  | (1,129 | ) |  | (17,825 | ) |  | 856 |  |  | 1,157,200 |  |  | (8,557 | ) |  | 1,137,727 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 346,225 |  |  | — |  |  | 346,225 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 183,193 |  |  | — |  |  | 183,193 |
Operational expenses | 4,665 |  |  | 3,705 |  |  | 3 |  |  | 1,253 |  |  | 145,192 |  |  | (6 | ) |  | 154,812 |
Corporate expenses | 36,327 |  |  | 262 |  |  | 3 |  |  | — |  |  | 29,131 |  |  | — |  |  | 65,723 |
Interest expense | 1,114 |  |  | 7,233 |  |  | 3,445 |  |  | 9,635 |  |  | 5,149 |  |  | (856 | ) |  | 25,720 |
Total expenses | 42,106 |  |  | 11,200 |  |  | 3,451 |  |  | 10,888 |  |  | 708,890 |  |  | (862 | ) |  | 775,673 |
(Loss) income before equity in net income of subsidiaries and taxes | (34,924 | ) |  | (12,329 | ) |  | (21,276 | ) |  | (10,032 | ) |  | 448,310 |  |  | (7,695 | ) |  | 362,054 |
Equity in net income of subsidiaries | 368,315 |  |  | 7,513 |  |  | 29,533 |  |  | 59,262 |  |  | — |  |  | (464,623 | ) |  | — |
Income (loss) before taxes | 333,391 |  |  | (4,816 | ) |  | 8,257 |  |  | 49,230 |  |  | 448,310 |  |  | (472,318 | ) |  | 362,054 |
Income tax benefit | — |  |  | 34,012 |  |  | 7,990 |  |  | 3,511 |  |  | 8,806 |  |  | — |  |  | 54,319 |
Net income | 333,391 |  |  | 29,196 |  |  | 16,247 |  |  | 52,741 |  |  | 457,116 |  |  | (472,318 | ) |  | 416,373 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (82,982 | ) |  | — |  |  | (82,982 | )
Net income attributable to RenaissanceRe | 333,391 |  |  | 29,196 |  |  | 16,247 |  |  | 52,741 |  |  | 374,134 |  |  | (472,318 | ) |  | 333,391 |
Dividends on preference shares | (16,786 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (16,786 | )
Net income available to RenaissanceRe common shareholders | $ | 316,605 |  |  | $ | 29,196 |  |  | $ | 16,247 |  |  | $ | 52,741 |  |  | $ | 374,134 |  |  | $ | (472,318 | ) |  | $ | 316,605 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations for the three months ended September 30, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 362,388 |  |  | $ | — |  |  | $ | 362,388 |
Net investment income | 6,051 |  |  | 319 |  |  | 1,428 |  |  | 352 |  |  | 26,283 |  |  | (6,095 | ) |  | 28,338 |
Net foreign exchange (losses) gains | (8 | ) |  | — |  |  | — |  |  | — |  |  | 624 |  |  | — |  |  | 616 |
Equity in earnings of other ventures | — |  |  | — |  |  | — |  |  | — |  |  | 5,730 |  |  | — |  |  | 5,730 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | 2,306 |  |  | — |  |  | 2,306 |
Net realized and unrealized losses on investments | (1,752 | ) |  | (3,094 | ) |  | (19,046 | ) |  | — |  |  | (17,246 | ) |  | — |  |  | (41,138 | )
Total revenues | 4,291 |  |  | (2,775 | ) |  | (17,618 | ) |  | 352 |  |  | 380,085 |  |  | (6,095 | ) |  | 358,240 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 100,028 |  |  | — |  |  | 100,028 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 78,126 |  |  | — |  |  | 78,126 |
Operational expenses | 1,224 |  |  | 227 |  |  | 2 |  |  | 1,253 |  |  | 51,812 |  |  | — |  |  | 54,518 |
Corporate expenses | 4,490 |  |  | 11 |  |  | 3 |  |  | (84 | ) |  | 2,902 |  |  | — |  |  | 7,322 |
Interest expense | 351 |  |  | — |  |  | 1,476 |  |  | 6,629 |  |  | 2,438 |  |  | (352 | ) |  | 10,542 |
Total expenses | 6,065 |  |  | 238 |  |  | 1,481 |  |  | 7,798 |  |  | 235,306 |  |  | (352 | ) |  | 250,536 |
(Loss) income before equity in net income of subsidiaries and taxes | (1,774 | ) |  | (3,013 | ) |  | (19,099 | ) |  | (7,446 | ) |  | 144,779 |  |  | (5,743 | ) |  | 107,704 |
Equity in net income of subsidiaries | 82,898 |  |  | 1,965 |  |  | 19,407 |  |  | 10,747 |  |  | — |  |  | (115,017 | ) |  | — |
Income (loss) before taxes | 81,124 |  |  | (1,048 | ) |  | 308 |  |  | 3,301 |  |  | 144,779 |  |  | (120,760 | ) |  | 107,704 |
Income tax benefit (expense) | — |  |  | 1,264 |  |  | 10,136 |  |  | 2,558 |  |  | (9,385 | ) |  | — |  |  | 4,573 |
Net income (loss) | 81,124 |  |  | 216 |  |  | 10,444 |  |  | 5,859 |  |  | 135,394 |  |  | (120,760 | ) |  | 112,277 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (31,153 | ) |  | — |  |  | (31,153 | )
Net income attributable to RenaissanceRe | 81,124 |  |  | 216 |  |  | 10,444 |  |  | 5,859 |  |  | 104,241 |  |  | (120,760 | ) |  | 81,124 |
Dividends on preference shares | (5,595 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,595 | )
Net income available to RenaissanceRe common shareholders | $ | 75,529 |  |  | $ | 216 |  |  | $ | 10,444 |  |  | $ | 5,859 |  |  | $ | 104,241 |  |  | $ | (120,760 | ) |  | $ | 75,529 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations for the nine months ended September 30, 2016 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,051,529 |  |  | $ | — |  |  | $ | 1,051,529 |
Net investment income | 18,499 |  |  | 1,395 |  |  | 3,074 |  |  | 421 |  |  | 129,038 |  |  | (18,017 | ) |  | 134,410 |
Net foreign exchange losses | (2 | ) |  | — |  |  | — |  |  | — |  |  | (8,366 | ) |  | — |  |  | (8,368 | )
Equity in losses of other ventures | — |  |  | — |  |  | — |  |  | — |  |  | (3,997 | ) |  | — |  |  | (3,997 | )
Other (loss) income | (770 | ) |  | — |  |  | — |  |  | — |  |  | 9,771 |  |  | — |  |  | 9,001 |
Net realized and unrealized gains on investments | 4,951 |  |  | 3,651 |  |  | 7,483 |  |  | — |  |  | 175,210 |  |  | — |  |  | 191,295 |
Total revenues | 22,678 |  |  | 5,046 |  |  | 10,557 |  |  | 421 |  |  | 1,353,185 |  |  | (18,017 | ) |  | 1,373,870 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 406,930 |  |  | — |  |  | 406,930 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 215,177 |  |  | — |  |  | 215,177 |
Operational expenses | (3,038 | ) |  | (61 | ) |  | 176 |  |  | 16,603 |  |  | 145,466 |  |  | (11,345 | ) |  | 147,801 |
Corporate expenses | 22,411 |  |  | 203 |  |  | — |  |  | 7 |  |  | 2,893 |  |  | — |  |  | 25,514 |
Interest expense | 421 |  |  | — |  |  | 4,429 |  |  | 19,632 |  |  | 7,549 |  |  | (421 | ) |  | 31,610 |
Total expenses | 19,794 |  |  | 142 |  |  | 4,605 |  |  | 36,242 |  |  | 778,015 |  |  | (11,766 | ) |  | 827,032 |
Income (loss) before equity in net income of subsidiaries and taxes | 2,884 |  |  | 4,904 |  |  | 5,952 |  |  | (35,821 | ) |  | 575,170 |  |  | (6,251 | ) |  | 546,838 |
Equity in net income of subsidiaries | 424,077 |  |  | 2,996 |  |  | 31,727 |  |  | 42,774 |  |  | — |  |  | (501,574 | ) |  | — |
Income before taxes | 426,961 |  |  | 7,900 |  |  | 37,679 |  |  | 6,953 |  |  | 575,170 |  |  | (507,825 | ) |  | 546,838 |
Income tax benefit (expense) | 970 |  |  | (1,791 | ) |  | (1,583 | ) |  | 8,456 |  |  | (14,092 | ) |  | — |  |  | (8,040 | )
Net income | 427,931 |  |  | 6,109 |  |  | 36,096 |  |  | 15,409 |  |  | 561,078 |  |  | (507,825 | ) |  | 538,798 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (110,867 | ) |  | — |  |  | (110,867 | )
Net income attributable to RenaissanceRe | 427,931 |  |  | 6,109 |  |  | 36,096 |  |  | 15,409 |  |  | 450,211 |  |  | (507,825 | ) |  | 427,931 |
Dividends on preference shares | (16,786 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (16,786 | )
Net income available to RenaissanceRe common shareholders | $ | 411,145 |  |  | $ | 6,109 |  |  | $ | 36,096 |  |  | $ | 15,409 |  |  | $ | 450,211 |  |  | $ | (507,825 | ) |  | $ | 411,145 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations for the three months ended September 30, 2016 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 346,521 |  |  | $ | — |  |  | $ | 346,521 |
Net investment income | 5,892 |  |  | 441 |  |  | 795 |  |  | 140 |  |  | 50,406 |  |  | (6,251 | ) |  | 51,423 |
Net foreign exchange losses | — |  |  | — |  |  | — |  |  | — |  |  | (5,986 | ) |  | — |  |  | (5,986 | )
Equity in losses of other ventures | — |  |  | — |  |  | — |  |  | — |  |  | (11,630 | ) |  | — |  |  | (11,630 | )
Other income | 21 |  |  | — |  |  | — |  |  | — |  |  | 2,247 |  |  | — |  |  | 2,268 |
Net realized and unrealized (losses) gains on investments | (336 | ) |  | 1,397 |  |  | 2,105 |  |  | — |  |  | 56,704 |  |  | — |  |  | 59,870 |
Total revenues | 5,577 |  |  | 1,838 |  |  | 2,900 |  |  | 140 |  |  | 438,262 |  |  | (6,251 | ) |  | 442,466 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 112,575 |  |  | — |  |  | 112,575 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 80,580 |  |  | — |  |  | 80,580 |
Operational expenses | (1,233 | ) |  | 36 |  |  | 60 |  |  | 5,021 |  |  | 40,018 |  |  | (3,409 | ) |  | 40,493 |
Corporate expenses | 11,617 |  |  | — |  |  | — |  |  | — |  |  | (80 | ) |  | — |  |  | 11,537 |
Interest expense | 140 |  |  | — |  |  | 1,476 |  |  | 6,545 |  |  | 2,515 |  |  | (140 | ) |  | 10,536 |
Total expenses | 10,524 |  |  | 36 |  |  | 1,536 |  |  | 11,566 |  |  | 235,608 |  |  | (3,549 | ) |  | 255,721 |
(Loss) income before equity in net income (losses) of subsidiaries and taxes | (4,947 | ) |  | 1,802 |  |  | 1,364 |  |  | (11,426 | ) |  | 202,654 |  |  | (2,702 | ) |  | 186,745 |
Equity in net income (losses) of subsidiaries | 158,862 |  |  | 1,463 |  |  | (2,694 | ) |  | 1,130 |  |  | — |  |  | (158,761 | ) |  | — |
Income (losses) before taxes | 153,915 |  |  | 3,265 |  |  | (1,330 | ) |  | (10,296 | ) |  | 202,654 |  |  | (161,463 | ) |  | 186,745 |
Income tax (expense) benefit | (1,495 | ) |  | (324 | ) |  | (401 | ) |  | 2,785 |  |  | 751 |  |  | — |  |  | 1,316 |
Net income (loss) | 152,420 |  |  | 2,941 |  |  | (1,731 | ) |  | (7,511 | ) |  | 203,405 |  |  | (161,463 | ) |  | 188,061 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (35,641 | ) |  | — |  |  | (35,641 | )
Net income (loss) attributable to RenaissanceRe | 152,420 |  |  | 2,941 |  |  | (1,731 | ) |  | (7,511 | ) |  | 167,764 |  |  | (161,463 | ) |  | 152,420 |
Dividends on preference shares | (5,595 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,595 | )
Net income (loss) avaialable attributable to RenaissanceRe common shareholders | $ | 146,825 |  |  | $ | 2,941 |  |  | $ | (1,731 | ) |  | $ | (7,511 | ) |  | $ | 167,764 |  |  | $ | (161,463 | ) |  | $ | 146,825 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income (Loss) |
Condensed Consolidating Statement of Comprehensive Income for the nine months ended September 30, 2016 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 427,931 |  |  | $ | 6,109 |  |  | $ | 36,096 |  |  | $ | 15,409 |  |  | $ | 561,078 |  |  | $ | (507,825 | ) |  | $ | 538,798 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | 513 |  |  | — |  |  | 513 |
Comprehensive income | 427,931 |  |  | 6,109 |  |  | 36,096 |  |  | 15,409 |  |  | 561,591 |  |  | (507,825 | ) |  | 539,311 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (110,867 | ) |  | — |  |  | (110,867 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (110,867 | ) |  | — |  |  | (110,867 | )
Comprehensive income available to RenaissanceRe | $ | 427,931 |  |  | $ | 6,109 |  |  | $ | 36,096 |  |  | $ | 15,409 |  |  | $ | 450,724 |  |  | $ | (507,825 | ) |  | $ | 428,444 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income (Loss) for the three months ended September 30, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 81,124 |  |  | $ | 216 |  |  | $ | 10,444 |  |  | $ | 5,859 |  |  | $ | 135,394 |  |  | $ | (120,760 | ) |  | $ | 112,277 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | (733 | ) |  | — |  |  | (733 | )
Comprehensive income | 81,124 |  |  | 216 |  |  | 10,444 |  |  | 5,859 |  |  | 134,661 |  |  | (120,760 | ) |  | 111,544 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (31,153 | ) |  | — |  |  | (31,153 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (31,153 | ) |  | — |  |  | (31,153 | )
Comprehensive income available to RenaissanceRe | $ | 81,124 |  |  | $ | 216 |  |  | $ | 10,444 |  |  | $ | 5,859 |  |  | $ | 103,508 |  |  | $ | (120,760 | ) |  | $ | 80,391 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income (Loss) for the three months ended September 30, 2016 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 152,420 |  |  | $ | 2,941 |  |  | $ | (1,731 | ) |  | $ | (7,511 | ) |  | $ | 203,405 |  |  | $ | (161,463 | ) |  | $ | 188,061 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | 284 |  |  | — |  |  | 284 |
Comprehensive income (loss) | 152,420 |  |  | 2,941 |  |  | (1,731 | ) |  | (7,511 | ) |  | 203,689 |  |  | (161,463 | ) |  | 188,345 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (35,641 | ) |  | — |  |  | (35,641 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (35,641 | ) |  | — |  |  | (35,641 | )
Comprehensive income (loss) available (attributable) to RenaissanceRe | $ | 152,420 |  |  | $ | 2,941 |  |  | $ | (1,731 | ) |  | $ | (7,511 | ) |  | $ | 168,048 |  |  | $ | (161,463 | ) |  | $ | 152,704 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income for the nine months ended September 30, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 333,391 |  |  | $ | 29,196 |  |  | $ | 16,247 |  |  | $ | 52,741 |  |  | $ | 457,116 |  |  | $ | (472,318 | ) |  | $ | 416,373 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | (1,156 | ) |  | — |  |  | (1,156 | )
Comprehensive income | 333,391 |  |  | 29,196 |  |  | 16,247 |  |  | 52,741 |  |  | 455,960 |  |  | (472,318 | ) |  | 415,217 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (82,982 | ) |  | — |  |  | (82,982 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (82,982 | ) |  | — |  |  | (82,982 | )
Comprehensive income available to RenaissanceRe | $ | 333,391 |  |  | $ | 29,196 |  |  | $ | 16,247 |  |  | $ | 52,741 |  |  | $ | 372,978 |  |  | $ | (472,318 | ) |  | $ | 332,235 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statements Of Cash Flows |
Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2016 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | RenaissanceRe Consolidated
Cash flows (used in) provided by operating activities |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (7,644 | ) |  | $ | 1,847 |  |  | $ | (11,062 | ) |  | $ | (35,171 | ) |  | $ | 422,033 |  |  | $ | 370,003 |
Cash flows provided by (used in) investing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 272,710 |  |  | 62,959 |  |  | 113,947 |  |  | — |  |  | 6,059,403 |  |  | 6,509,019 |
Purchases of fixed maturity investments trading | (336,345 | ) |  | (115,849 | ) |  | (259,165 | ) |  | — |  |  | (6,033,479 | ) |  | (6,744,838 | )
Proceeds from sales and maturities of fixed maturity investments available for sale | — |  |  | — |  |  | — |  |  | — |  |  | 5,931 |  |  | 5,931 |
Net (purchases) sales of equity investments trading | — |  |  | (2,392 | ) |  | 192,911 |  |  | — |  |  | (7,407 | ) |  | 183,112 |
Net sales (purchases) of short term investments | 122,656 |  |  | 67,986 |  |  | (41,881 | ) |  | — |  |  | (19,892 | ) |  | 128,869 |
Net purchases of other investments | — |  |  | — |  |  | — |  |  | — |  |  | (56,765 | ) |  | (56,765 | )
Net sales of other assets | — |  |  | — |  |  | — |  |  | — |  |  | 400 |  |  | 400 |
Dividends and return of capital from subsidiaries | 408,189 |  |  | 2,900 |  |  | — |  |  | 9,300 |  |  | (420,389 | ) |  | — |
Contributions to subsidiaries | (91,001 | ) |  | — |  |  | — |  |  | — |  |  | 91,001 |  |  | — |
Due (from) to subsidiary | (3,497 | ) |  | (22,502 | ) |  | (108 | ) |  | 27,724 |  |  | (1,617 | ) |  | — |
Net cash provided by (used in) investing activities | 372,712 |  |  | (6,898 | ) |  | 5,704 |  |  | 37,024 |  |  | (382,814 | ) |  | 25,728 |
Cash flows used in financing activities |  |  |  |  |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (38,886 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (38,886 | )
Dividends paid – preference shares | (16,786 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (16,786 | )
RenaissanceRe common share repurchases | (309,434 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (309,434 | )
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | — |  |  | — |  |  | (45,496 | ) |  | (45,496 | )
Net cash used in financing activities | (365,106 | ) |  | — |  |  | — |  |  | — |  |  | (45,496 | ) |  | (410,602 | )
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | — |  |  | — |  |  | 1,316 |  |  | 1,316 |
Net (decrease) increase in cash and cash equivalents | (38 | ) |  | (5,051 | ) |  | (5,358 | ) |  | 1,853 |  |  | (4,961 | ) |  | (13,555 | )
Cash and cash equivalents, beginning of period | 10,185 |  |  | 5,908 |  |  | 7,103 |  |  | 677 |  |  | 483,012 |  |  | 506,885 |
Cash and cash equivalents, end of period | $ | 10,147 |  |  | $ | 857 |  |  | $ | 1,745 |  |  | $ | 2,530 |  |  | $ | 478,051 |  |  | $ | 493,330 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | RenaissanceRe Consolidated
Cash flows (used in) provided by operating activities |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (34,806 | ) |  | $ | (2,814 | ) |  | $ | (7,564 | ) |  | $ | (11,756 | ) |  | $ | 219,087 |  |  | $ | 162,147 |
Cash flows provided by (used in) investing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 39,429 |  |  | 29,074 |  |  | 45,087 |  |  | — |  |  | 6,843,139 |  |  | 6,956,729 |
Purchases of fixed maturity investments trading | (119,725 | ) |  | (42,840 | ) |  | — |  |  | — |  |  | (7,032,228 | ) |  | (7,194,793 | )
Proceeds from sales and maturities of fixed maturity investments available for sale | — |  |  | — |  |  | — |  |  | — |  |  | 6,741 |  |  | 6,741 |
Net sales (purchases) of equity investments trading | — |  |  | 33,682 |  |  | (274,567 | ) |  | — |  |  | 87,433 |  |  | (153,452 | )
Net sales of short term investments | 26,847 |  |  | 1,133 |  |  | 236,548 |  |  | — |  |  | 631,499 |  |  | 896,027 |
Net sales of other investments | — |  |  | — |  |  | — |  |  | — |  |  | 7,033 |  |  | 7,033 |
Net purchases of investments in other ventures | — |  |  | — |  |  | — |  |  | — |  |  | (45 | ) |  | (45 | )
Net sales of other assets | — |  |  | — |  |  | — |  |  | — |  |  | 4,500 |  |  | 4,500 |
Dividends and return of capital from subsidiaries | 1,260,632 |  |  | 180,000 |  |  | — |  |  | 20,800 |  |  | (1,461,432 | ) |  | — |
Contributions to subsidiaries | (287,889 | ) |  | (13,850 | ) |  | — |  |  | (185,000 | ) |  | 486,739 |  |  | — |
Due to (from) subsidiaries | 281,726 |  |  | (183,621 | ) |  | 20 |  |  | (116,709 | ) |  | 18,584 |  |  | — |
Net purchase of Platinum | (904,433 | ) |  | — |  |  | 1,537 |  |  | — |  |  | 224,744 |  |  | (678,152 | )
Net cash provided by (used in) investing activities | 296,587 |  |  | 3,578 |  |  | 8,625 |  |  | (280,909 | ) |  | (183,293 | ) |  | (155,412 | )
Cash flows (used in) provided by financing activities |  |  |  |  |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (40,883 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (40,883 | )
Dividends paid – preference shares | (16,786 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (16,786 | )
RenaissanceRe common share repurchases | (197,350 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (197,350 | )
Net issuance of debt | — |  |  | — |  |  | — |  |  | 299,400 |  |  | 146,189 |  |  | 445,589 |
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | — |  |  | — |  |  | (187,339 | ) |  | (187,339 | )
Net cash (used in) provided by financing activities | (255,019 | ) |  | — |  |  | — |  |  | 299,400 |  |  | (41,150 | ) |  | 3,231 |
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | — |  |  | — |  |  | (11,004 | ) |  | (11,004 | )
Net increase (decrease) in cash and cash equivalents | 6,762 |  |  | 764 |  |  | 1,061 |  |  | 6,735 |  |  | (16,360 | ) |  | (1,038 | )
Cash and cash equivalents, beginning of period | 5,986 |  |  | 1,033 |  |  | — |  |  | — |  |  | 518,565 |  |  | 525,584 |
Cash and cash equivalents, end of period | $ | 12,748 |  |  | $ | 1,797 |  |  | $ | 1,061 |  |  | $ | 6,735 |  |  | $ | 502,205 |  |  | $ | 524,546 |
(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.

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