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Schedule II. Condensed Financial Information Of Registrant | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Registrant | SCHEDULE II RENAISSANCERE HOLDINGS LTD. CONDENSED FINANCIAL INFORMATION OF REGISTRANT RENAISSANCERE HOLDINGS LTD. BALANCE SHEETS AT DECEMBER 31, 2016 AND 2015 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| At December 31,
| 2016 |  | 2015
Assets |  |  |
Fixed maturity investments trading, at fair value - amortized cost $22,402 at December 31, 2016 (2015 - $96,957) | $ | 22,119 |  |  | $ | 96,441 |
Short term investments, at fair value | 365,155 |  |  | 253,451 |
Cash and cash equivalents | 7,067 |  |  | 10,185 |
Investments in subsidiaries | 4,074,769 |  |  | 3,902,519 |
Due from subsidiaries | 7,413 |  |  | 19,168 |
Dividends due from subsidiaries | — |  |  | 62,114 |
Accrued investment income | 105 |  |  | 1,253 |
Receivable for investments sold | 136 |  |  | 26 |
Other assets | 410,757 |  |  | 390,302 |
Goodwill and other intangible assets | 130,407 |  |  | 137,064 |
Total assets | $ | 5,017,928 |  |  | $ | 4,872,523 |
Liabilities and Shareholders’ Equity |  |  |
Liabilities |  |  |
Notes and bank loans payable | $ | 117,000 |  |  | $ | 117,000 |
Due to subsidiaries | 14,644 |  |  | 2,641 |
Payable for investments purchased | — |  |  | 999 |
Other liabilities | 19,707 |  |  | 19,699 |
Total liabilities | 151,351 |  |  | 140,339 |
Shareholders’ Equity |  |  |
Preference shares: $1.00 par value – 16,000,000 shares issued and outstanding at December 31, 2016 (2015 – 16,000,000) | 400,000 |  |  | 400,000 |
Common shares: $1.00 par value – 41,187,413 shares issued and outstanding at December 31, 2016 (2015 – 43,701,064) | 41,187 |  |  | 43,701 |
Additional paid-in capital | 216,558 |  |  | 507,674 |
Accumulated other comprehensive income | 1,133 |  |  | 2,108 |
Retained earnings | 4,207,699 |  |  | 3,778,701 |
Total shareholders’ equity | 4,866,577 |  |  | 4,732,184 |
Total liabilities and shareholders’ equity | $ | 5,017,928 |  |  | $ | 4,872,523 |
SCHEDULE II RENAISSANCERE HOLDINGS LTD. CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED RENAISSANCERE HOLDINGS LTD. STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2016, 2015 AND 2014 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| Year ended December 31,
| 2016 |  | 2015 |  | 2014
Revenues |  |  |  |  |
Net investment income | $ | 24,178 |  |  | $ | 15,391 |  |  | $ | 2,706 |
Net foreign exchange (losses) gains | (2 | ) |  | 4 |  |  | (13 | )
Other (loss) income | (772 | ) |  | 663 |  |  | — |
Net realized and unrealized gains (losses) on investments | 4,151 |  |  | (2,080 | ) |  | 83 |
Total revenues | 27,555 |  |  | 13,978 |  |  | 2,776 |
Expenses |  |  |  |  |
Interest expense | 562 |  |  | 1,255 |  |  | — |
Operational expenses | 13,716 |  |  | 4,249 |  |  | (4,890 | )
Corporate expenses | 26,848 |  |  | 40,808 |  |  | 20,787 |
Total expenses | 41,126 |  |  | 46,312 |  |  | 15,897 |
Loss before equity in net income of subsidiaries | (13,571 | ) |  | (32,334 | ) |  | (13,121 | )
Equity in net income of subsidiaries | 516,533 |  |  | 463,526 |  |  | 545,839 |
Net income | 502,962 |  |  | 431,192 |  |  | 532,718 |
Dividends on preference shares | (22,381 | ) |  | (22,381 | ) |  | (22,381 | )
Net income available to RenaissanceRe common shareholders | $ | 480,581 |  |  | $ | 408,811 |  |  | $ | 510,337 |
RENAISSANCERE HOLDINGS LTD. STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2016, 2015 AND 2014 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| Year ended December 31,
| 2016 |  | 2015 |  | 2014
Comprehensive income |  |  |  |  |
Net income | $ | 502,962 |  |  | $ | 431,192 |  |  | $ | 532,718 |
Comprehensive income attributable to RenaissanceRe | $ | 502,962 |  |  | $ | 431,192 |  |  | $ | 532,718 |
SCHEDULE II RENAISSANCERE HOLDINGS LTD. CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED RENAISSANCERE HOLDINGS LTD. STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2016, 2015 AND 2014 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| Year ended December 31,
| 2016 |  | 2015 |  | 2014
Cash flows used in operating activities: |  |  |  |  |
Net income | $ | 502,962 |  |  | $ | 431,192 |  |  | $ | 532,718 |
Less: equity in net income of subsidiaries | (516,533 | ) |  | (463,526 | ) |  | (545,839 | )
| (13,571 | ) |  | (32,334 | ) |  | (13,121 | )
Adjustments to reconcile net income to net cash (used in) provided by operating activities |  |  |  |  |
Net realized and unrealized (gains) losses on investments | (4,151 | ) |  | 2,080 |  |  | (83 | )
Other | (730 | ) |  | (8,959 | ) |  | 13,633 |
Net cash (used in) provided by operating activities | (18,452 | ) |  | (39,213 | ) |  | 429 |
Cash flows provided by investing activities: |  |  |  |  |
Proceeds from maturities and sales of fixed maturity investments trading | 314,568 |  |  | 63,824 |  |  | 88,273 |
Purchases of fixed maturity investments trading | (336,345 | ) |  | (161,183 | ) |  | (88,341 | )
Net (purchases) sales of short term investments | (111,814 | ) |  | (116,461 | ) |  | 73,717 |
Dividends and return of capital from subsidiaries | 617,239 |  |  | 1,584,624 |  |  | 1,259,224 |
Contributions to subsidiaries | (108,674 | ) |  | (294,733 | ) |  | (759,456 | )
Due to (from) subsidiary | 23,758 |  |  | 207,996 |  |  | 6,315 |
Net purchase of Platinum | — |  |  | (904,433 | ) |  | — |
Net cash provided by investing activities | 398,732 |  |  | 379,634 |  |  | 579,732 |
Cash flows used in financing activities: |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (51,583 | ) |  | (53,967 | ) |  | (45,912 | )
Dividends paid – preference shares | (22,381 | ) |  | (22,381 | ) |  | (22,381 | )
RenaissanceRe common share repurchases | (309,434 | ) |  | (259,874 | ) |  | (514,678 | )
Net cash used in financing activities | (383,398 | ) |  | (336,222 | ) |  | (582,971 | )
Net (decrease) increase in cash and cash equivalents | (3,118 | ) |  | 4,199 |  |  | (2,810 | )
Cash and cash equivalents, beginning of year | 10,185 |  |  | 5,986 |  |  | 8,796 |
Cash and cash equivalents, end of year | $ | 7,067 |  |  | $ | 10,185 |  |  | $ | 5,986 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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