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Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries (Tables) | 6 Months Ended
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Jun. 30, 2017
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract] |
Condensed Consolidating Balance Sheets |
Condensed Consolidating Balance Sheet at June 30, 2017 | 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 | $ | 140,492 |  |  | $ | 123,517 |  |  | $ | — |  |  | $ | 323,094 |  |  | $ | 8,821,805 |  |  | $ | — |  |  | $ | 9,408,908 |
Cash and cash equivalents | 2,417 |  |  | 276 |  |  | 23,986 |  |  | 8,356 |  |  | 588,115 |  |  | — |  |  | 623,150 |
Investments in subsidiaries | 4,388,394 |  |  | 36,924 |  |  | 871,117 |  |  | 1,195,266 |  |  | — |  |  | (6,491,701 | ) |  | — |
Due from subsidiaries and affiliates | 5,489 |  |  | 91,892 |  |  | — |  |  | — |  |  | — |  |  | (97,381 | ) |  | — |
Premiums receivable | — |  |  | — |  |  | — |  |  | — |  |  | 1,533,833 |  |  | — |  |  | 1,533,833 |
Prepaid reinsurance premiums | — |  |  | — |  |  | — |  |  | — |  |  | 705,322 |  |  | — |  |  | 705,322 |
Reinsurance recoverable | — |  |  | — |  |  | — |  |  | — |  |  | 370,586 |  |  | — |  |  | 370,586 |
Accrued investment income | 291 |  |  | 288 |  |  | — |  |  | 921 |  |  | 38,618 |  |  | — |  |  | 40,118 |
Deferred acquisition costs | — |  |  | — |  |  | — |  |  | — |  |  | 430,106 |  |  | — |  |  | 430,106 |
Receivable for investments sold | 52 |  |  | 5 |  |  | — |  |  | — |  |  | 170,354 |  |  | — |  |  | 170,411 |
Other assets | 423,601 |  |  | 37,547 |  |  | (29 | ) |  | 130,139 |  |  | 115,352 |  |  | (529,794 | ) |  | 176,816 |
Goodwill and other intangible assets | 127,532 |  |  | — |  |  | — |  |  | — |  |  | 118,898 |  |  | — |  |  | 246,430 |
Total assets | $ | 5,088,268 |  |  | $ | 290,449 |  |  | $ | 895,074 |  |  | $ | 1,657,776 |  |  | $ | 12,892,989 |  |  | $ | (7,118,876 | ) |  | $ | 13,705,680 |
Liabilities, Noncontrolling Interests and Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,989,806 |  |  | $ | — |  |  | $ | 2,989,806 |
Unearned premiums | — |  |  | — |  |  | — |  |  | — |  |  | 1,847,206 |  |  | — |  |  | 1,847,206 |
Debt | 117,000 |  |  | — |  |  | — |  |  | 841,290 |  |  | 147,576 |  |  | (117,000 | ) |  | 988,866 |
Amounts due to subsidiaries and affiliates | 243 |  |  | 51 |  |  | 82 |  |  | 97,339 |  |  | — |  |  | (97,715 | ) |  | — |
Reinsurance balances payable | — |  |  | — |  |  | — |  |  | — |  |  | 1,052,494 |  |  | — |  |  | 1,052,494 |
Payable for investments purchased | — |  |  | 24 |  |  | — |  |  | — |  |  | 407,288 |  |  | — |  |  | 407,312 |
Other liabilities | 15,770 |  |  | 780 |  |  | (2,757 | ) |  | 9,887 |  |  | 206,139 |  |  | (7,161 | ) |  | 222,658 |
Total liabilities | 133,013 |  |  | 855 |  |  | (2,675 | ) |  | 948,516 |  |  | 6,650,509 |  |  | (221,876 | ) |  | 7,508,342 |
Redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | 1,242,083 |  |  | — |  |  | 1,242,083 |
Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Total shareholders’ equity | 4,955,255 |  |  | 289,594 |  |  | 897,749 |  |  | 709,260 |  |  | 5,000,397 |  |  | (6,897,000 | ) |  | 4,955,255 |
Total liabilities, noncontrolling interests and shareholders’ equity | $ | 5,088,268 |  |  | $ | 290,449 |  |  | $ | 895,074 |  |  | $ | 1,657,776 |  |  | $ | 12,892,989 |  |  | $ | (7,118,876 | ) |  | $ | 13,705,680 |
(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, 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 | $ | 387,274 |  |  | $ | 119,163 |  |  | $ | 267,556 |  |  | $ | 45,027 |  |  | $ | 8,497,948 |  |  | $ | — |  |  | $ | 9,316,968 |
Cash and cash equivalents | 7,067 |  |  | 162 |  |  | 6,671 |  |  | 9,397 |  |  | 397,860 |  |  | — |  |  | 421,157 |
Investments in subsidiaries | 4,074,769 |  |  | 34,761 |  |  | 843,089 |  |  | 1,165,413 |  |  | — |  |  | (6,118,032 | ) |  | — |
Due from subsidiaries and affiliates | 7,413 |  |  | 91,892 |  |  | — |  |  | — |  |  | — |  |  | (99,305 | ) |  | — |
Premiums receivable | — |  |  | — |  |  | — |  |  | — |  |  | 987,323 |  |  | — |  |  | 987,323 |
Prepaid reinsurance premiums | — |  |  | — |  |  | — |  |  | — |  |  | 441,260 |  |  | — |  |  | 441,260 |
Reinsurance recoverable | — |  |  | — |  |  | — |  |  | — |  |  | 279,564 |  |  | — |  |  | 279,564 |
Accrued investment income | 105 |  |  | 289 |  |  | 551 |  |  | 106 |  |  | 37,025 |  |  | — |  |  | 38,076 |
Deferred acquisition costs | — |  |  | — |  |  | — |  |  | — |  |  | 335,325 |  |  | — |  |  | 335,325 |
Receivable for investments sold | 136 |  |  | 2 |  |  | 99 |  |  | 45 |  |  | 105,559 |  |  | — |  |  | 105,841 |
Other assets | 410,757 |  |  | 37,204 |  |  | 4,689 |  |  | 127,572 |  |  | 118,098 |  |  | (522,938 | ) |  | 175,382 |
Goodwill and other intangible assets | 130,407 |  |  | — |  |  | — |  |  | — |  |  | 120,779 |  |  | — |  |  | 251,186 |
Total assets | $ | 5,017,928 |  |  | $ | 283,473 |  |  | $ | 1,122,655 |  |  | $ | 1,347,560 |  |  | $ | 11,320,741 |  |  | $ | (6,740,275 | ) |  | $ | 12,352,082 |
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,848,294 |  |  | $ | — |  |  | $ | 2,848,294 |
Unearned premiums | — |  |  | — |  |  | — |  |  | — |  |  | 1,231,573 |  |  | — |  |  | 1,231,573 |
Debt | 117,000 |  |  | — |  |  | 255,352 |  |  | 545,889 |  |  | 147,422 |  |  | (117,000 | ) |  | 948,663 |
Amounts due to subsidiaries and affiliates | 14,644 |  |  | 42 |  |  | 123 |  |  | 96,061 |  |  | — |  |  | (110,870 | ) |  | — |
Reinsurance balances payable | — |  |  | — |  |  | — |  |  | — |  |  | 673,983 |  |  | — |  |  | 673,983 |
Payable for investments purchased | — |  |  | — |  |  | — |  |  | — |  |  | 305,714 |  |  | — |  |  | 305,714 |
Other liabilities | 19,707 |  |  | 10,544 |  |  | — |  |  | 13,350 |  |  | 270,610 |  |  | (12,527 | ) |  | 301,684 |
Total liabilities | 151,351 |  |  | 10,586 |  |  | 255,475 |  |  | 655,300 |  |  | 5,477,596 |  |  | (240,397 | ) |  | 6,309,911 |
Redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | 1,175,594 |  |  | — |  |  | 1,175,594 |
Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |
Total shareholders’ equity | 4,866,577 |  |  | 272,887 |  |  | 867,180 |  |  | 692,260 |  |  | 4,667,551 |  |  | (6,499,878 | ) |  | 4,866,577 |
Total liabilities, redeemable noncontrolling interest and shareholders’ equity | $ | 5,017,928 |  |  | $ | 283,473 |  |  | $ | 1,122,655 |  |  | $ | 1,347,560 |  |  | $ | 11,320,741 |  |  | $ | (6,740,275 | ) |  | $ | 12,352,082 |
(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 six months ended June 30, 2017 | 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 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 748,310 |  |  | $ | — |  |  | $ | 748,310 |
Net investment income | 10,741 |  |  | 892 |  |  | 1,376 |  |  | 508 |  |  | 107,474 |  |  | (12,503 | ) |  | 108,488 |
Net foreign exchange (losses) gains | (1 | ) |  | — |  |  | — |  |  | — |  |  | 11,275 |  |  | — |  |  | 11,274 |
Equity in (losses) earnings of other ventures | — |  |  | — |  |  | — |  |  | (450 | ) |  | 4,486 |  |  | — |  |  | 4,036 |
Other (loss) income | (1 | ) |  | — |  |  | — |  |  | — |  |  | 4,058 |  |  | — |  |  | 4,057 |
Net realized and unrealized gains (losses) on investments | 45 |  |  | 4,342 |  |  | 4,916 |  |  | (268 | ) |  | 92,451 |  |  | — |  |  | 101,486 |
Total revenues | 10,784 |  |  | 5,234 |  |  | 6,292 |  |  | (210 | ) |  | 968,054 |  |  | (12,503 | ) |  | 977,651 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 335,668 |  |  | — |  |  | 335,668 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 171,533 |  |  | — |  |  | 171,533 |
Operational expenses | 6,488 |  |  | 40 |  |  | 85 |  |  | 14,626 |  |  | 78,460 |  |  | (10,650 | ) |  | 89,049 |
Corporate expenses | 10,006 |  |  | — |  |  | — |  |  | — |  |  | (84 | ) |  | — |  |  | 9,922 |
Interest expense | 281 |  |  | — |  |  | 2,461 |  |  | 13,143 |  |  | 5,013 |  |  | (281 | ) |  | 20,617 |
Total expenses | 16,775 |  |  | 40 |  |  | 2,546 |  |  | 27,769 |  |  | 590,590 |  |  | (10,931 | ) |  | 626,789 |
(Loss) income before equity in net income of subsidiaries and taxes | (5,991 | ) |  | 5,194 |  |  | 3,746 |  |  | (27,979 | ) |  | 377,464 |  |  | (1,572 | ) |  | 350,862 |
Equity in net income of subsidiaries | 280,099 |  |  | 2,306 |  |  | 28,028 |  |  | 36,936 |  |  | — |  |  | (347,369 | ) |  | — |
Income before taxes | 274,108 |  |  | 7,500 |  |  | 31,774 |  |  | 8,957 |  |  | 377,464 |  |  | (348,941 | ) |  | 350,862 |
Income tax benefit (expense) | 577 |  |  | (1,682 | ) |  | (1,204 | ) |  | 5,974 |  |  | (7,903 | ) |  | — |  |  | (4,238 | )
Net income | 274,685 |  |  | 5,818 |  |  | 30,570 |  |  | 14,931 |  |  | 369,561 |  |  | (348,941 | ) |  | 346,624 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (71,939 | ) |  | — |  |  | (71,939 | )
Net income attributable to RenaissanceRe | 274,685 |  |  | 5,818 |  |  | 30,570 |  |  | 14,931 |  |  | 297,622 |  |  | (348,941 | ) |  | 274,685 |
Dividends on preference shares | (11,191 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,191 | )
Net income available to RenaissanceRe common shareholders | $ | 263,494 |  |  | $ | 5,818 |  |  | $ | 30,570 |  |  | $ | 14,931 |  |  | $ | 297,622 |  |  | $ | (348,941 | ) |  | $ | 263,494 |
(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 June 30, 2017 | 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 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 382,265 |  |  | $ | — |  |  | $ | 382,265 |
Net investment income | 5,284 |  |  | 466 |  |  | 535 |  |  | 239 |  |  | 53,891 |  |  | (6,252 | ) |  | 54,163 |
Net foreign exchange (losses) gains | (1 | ) |  | — |  |  | — |  |  | — |  |  | 3,110 |  |  | — |  |  | 3,109 |
Equity in earnings of other ventures | — |  |  | — |  |  | — |  |  | 302 |  |  | 5,241 |  |  | — |  |  | 5,543 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | 2,392 |  |  | — |  |  | 2,392 |
Net realized and unrealized (losses) gains on investments | (8 | ) |  | 1,421 |  |  | 191 |  |  | (242 | ) |  | 56,751 |  |  | — |  |  | 58,113 |
Total revenues | 5,275 |  |  | 1,887 |  |  | 726 |  |  | 299 |  |  | 503,650 |  |  | (6,252 | ) |  | 505,585 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 142,587 |  |  | — |  |  | 142,587 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 88,251 |  |  | — |  |  | 88,251 |
Operational expenses | 3,190 |  |  | 16 |  |  | 35 |  |  | 6,647 |  |  | 36,402 |  |  | (4,524 | ) |  | 41,766 |
Corporate expenses | 4,798 |  |  | — |  |  | — |  |  | — |  |  | (162 | ) |  | — |  |  | 4,636 |
Interest expense | 141 |  |  | — |  |  | 985 |  |  | 6,601 |  |  | 2,505 |  |  | (141 | ) |  | 10,091 |
Total expenses | 8,129 |  |  | 16 |  |  | 1,020 |  |  | 13,248 |  |  | 269,583 |  |  | (4,665 | ) |  | 287,331 |
(Loss) income before equity in net income of subsidiaries and taxes | (2,854 | ) |  | 1,871 |  |  | (294 | ) |  | (12,949 | ) |  | 234,067 |  |  | (1,587 | ) |  | 218,254 |
Equity in net income of subsidiaries | 178,746 |  |  | 1,220 |  |  | 18,185 |  |  | 20,438 |  |  | — |  |  | (218,589 | ) |  | — |
Income before taxes | 175,892 |  |  | 3,091 |  |  | 17,891 |  |  | 7,489 |  |  | 234,067 |  |  | (220,176 | ) |  | 218,254 |
Income tax benefit (expense) | 846 |  |  | (584 | ) |  | 104 |  |  | 2,902 |  |  | (7,172 | ) |  | — |  |  | (3,904 | )
Net income | 176,738 |  |  | 2,507 |  |  | 17,995 |  |  | 10,391 |  |  | 226,895 |  |  | (220,176 | ) |  | 214,350 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (37,612 | ) |  | — |  |  | (37,612 | )
Net income attributable to RenaissanceRe | 176,738 |  |  | 2,507 |  |  | 17,995 |  |  | 10,391 |  |  | 189,283 |  |  | (220,176 | ) |  | 176,738 |
Dividends on preference shares | (5,596 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,596 | )
Net income available attributable to RenaissanceRe common shareholders | $ | 171,142 |  |  | $ | 2,507 |  |  | $ | 17,995 |  |  | $ | 10,391 |  |  | $ | 189,283 |  |  | $ | (220,176 | ) |  | $ | 171,142 |
(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 six months ended June 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 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 705,008 |  |  | $ | — |  |  | $ | 705,008 |
Net investment income | 12,607 |  |  | 954 |  |  | 2,279 |  |  | 281 |  |  | 78,632 |  |  | (11,766 | ) |  | 82,987 |
Net foreign exchange losses | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2,380 | ) |  | — |  |  | (2,382 | )
Equity in earnings of other ventures | — |  |  | — |  |  | — |  |  | — |  |  | 7,633 |  |  | — |  |  | 7,633 |
Other (loss) income | (791 | ) |  | — |  |  | — |  |  | — |  |  | 7,524 |  |  | — |  |  | 6,733 |
Net realized and unrealized gains on investments | 5,287 |  |  | 2,254 |  |  | 5,378 |  |  | — |  |  | 118,506 |  |  | — |  |  | 131,425 |
Total revenues | 17,101 |  |  | 3,208 |  |  | 7,657 |  |  | 281 |  |  | 914,923 |  |  | (11,766 | ) |  | 931,404 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 294,355 |  |  | — |  |  | 294,355 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 134,597 |  |  | — |  |  | 134,597 |
Operational expenses | (1,805 | ) |  | (97 | ) |  | 116 |  |  | 11,582 |  |  | 105,448 |  |  | (7,936 | ) |  | 107,308 |
Corporate expenses | 10,794 |  |  | 203 |  |  | — |  |  | 7 |  |  | 2,973 |  |  | — |  |  | 13,977 |
Interest expense | 281 |  |  | — |  |  | 2,953 |  |  | 13,087 |  |  | 5,034 |  |  | (281 | ) |  | 21,074 |
Total expenses | 9,270 |  |  | 106 |  |  | 3,069 |  |  | 24,676 |  |  | 542,407 |  |  | (8,217 | ) |  | 571,311 |
Income (loss) before equity in net income of subsidiaries and taxes | 7,831 |  |  | 3,102 |  |  | 4,588 |  |  | (24,395 | ) |  | 372,516 |  |  | (3,549 | ) |  | 360,093 |
Equity in net income of subsidiaries | 265,215 |  |  | 1,533 |  |  | 34,421 |  |  | 41,644 |  |  | — |  |  | (342,813 | ) |  | — |
Income before taxes | 273,046 |  |  | 4,635 |  |  | 39,009 |  |  | 17,249 |  |  | 372,516 |  |  | (346,362 | ) |  | 360,093 |
Income tax benefit (expense) | 2,465 |  |  | (1,467 | ) |  | (1,182 | ) |  | 5,671 |  |  | (14,843 | ) |  | — |  |  | (9,356 | )
Net income | 275,511 |  |  | 3,168 |  |  | 37,827 |  |  | 22,920 |  |  | 357,673 |  |  | (346,362 | ) |  | 350,737 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (75,226 | ) |  | — |  |  | (75,226 | )
Net income attributable to RenaissanceRe | 275,511 |  |  | 3,168 |  |  | 37,827 |  |  | 22,920 |  |  | 282,447 |  |  | (346,362 | ) |  | 275,511 |
Dividends on preference shares | (11,191 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,191 | )
Net income available to RenaissanceRe common shareholders | $ | 264,320 |  |  | $ | 3,168 |  |  | $ | 37,827 |  |  | $ | 22,920 |  |  | $ | 282,447 |  |  | $ | (346,362 | ) |  | $ | 264,320 |
(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 June 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 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 351,402 |  |  | $ | — |  |  | $ | 351,402 |
Net investment income | 5,749 |  |  | 445 |  |  | 846 |  |  | 141 |  |  | 52,826 |  |  | (5,883 | ) |  | 54,124 |
Net foreign exchange losses | (1 | ) |  | — |  |  | — |  |  | — |  |  | (689 | ) |  | — |  |  | (690 | )
Equity in earnings of other ventures | — |  |  | — |  |  | — |  |  | — |  |  | 6,022 |  |  | — |  |  | 6,022 |
Other (loss) income | (791 | ) |  | — |  |  | — |  |  | — |  |  | 3,445 |  |  | — |  |  | 2,654 |
Net realized and unrealized gains on investments | 799 |  |  | 1,139 |  |  | 3,414 |  |  | — |  |  | 64,420 |  |  | — |  |  | 69,772 |
Total revenues | 5,756 |  |  | 1,584 |  |  | 4,260 |  |  | 141 |  |  | 477,426 |  |  | (5,883 | ) |  | 483,284 |
Expenses |  |  |  |  | — |  |  | — |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 167,750 |  |  | — |  |  | 167,750 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 69,005 |  |  | — |  |  | 69,005 |
Operational expenses | (1,104 | ) |  | 44 |  |  | 64 |  |  | 4,573 |  |  | 50,352 |  |  | (2,856 | ) |  | 51,073 |
Corporate expenses | 5,181 |  |  | 203 |  |  | — |  |  | 7 |  |  | 361 |  |  | — |  |  | 5,752 |
Interest expense | 141 |  |  | — |  |  | 1,477 |  |  | 6,544 |  |  | 2,515 |  |  | (141 | ) |  | 10,536 |
Total expenses | 4,218 |  |  | 247 |  |  | 1,541 |  |  | 11,124 |  |  | 289,983 |  |  | (2,997 | ) |  | 304,116 |
Income (loss) before equity in net income of subsidiaries and taxes | 1,538 |  |  | 1,337 |  |  | 2,719 |  |  | (10,983 | ) |  | 187,443 |  |  | (2,886 | ) |  | 179,168 |
Equity in net income of subsidiaries | 141,677 |  |  | 1,666 |  |  | 12,086 |  |  | 17,165 |  |  | — |  |  | (172,594 | ) |  | — |
Income before taxes | 143,215 |  |  | 3,003 |  |  | 14,805 |  |  | 6,182 |  |  | 187,443 |  |  | (175,480 | ) |  | 179,168 |
Income tax (expense) benefit | (1,294 | ) |  | (906 | ) |  | (838 | ) |  | 2,792 |  |  | (6,366 | ) |  | — |  |  | (6,612 | )
Net income | 141,921 |  |  | 2,097 |  |  | 13,967 |  |  | 8,974 |  |  | 181,077 |  |  | (175,480 | ) |  | 172,556 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (30,635 | ) |  | — |  |  | (30,635 | )
Net income attributable to RenaissanceRe | 141,921 |  |  | 2,097 |  |  | 13,967 |  |  | 8,974 |  |  | 150,442 |  |  | (175,480 | ) |  | 141,921 |
Dividends on preference shares | (5,596 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,596 | )
Net income available to RenaissanceRe common shareholders | $ | 136,325 |  |  | $ | 2,097 |  |  | $ | 13,967 |  |  | $ | 8,974 |  |  | $ | 150,442 |  |  | $ | (175,480 | ) |  | $ | 136,325 |
(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 |
Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2017 | 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 | $ | 274,685 |  |  | $ | 5,818 |  |  | $ | 30,570 |  |  | $ | 14,931 |  |  | $ | 369,561 |  |  | $ | (348,941 | ) |  | $ | 346,624 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | (1,272 | ) |  | — |  |  | (1,272 | )
Comprehensive income | 274,685 |  |  | 5,818 |  |  | 30,570 |  |  | 14,931 |  |  | 368,289 |  |  | (348,941 | ) |  | 345,352 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (71,939 | ) |  | — |  |  | (71,939 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (71,939 | ) |  | — |  |  | (71,939 | )
Comprehensive income available to RenaissanceRe | $ | 274,685 |  |  | $ | 5,818 |  |  | $ | 30,570 |  |  | $ | 14,931 |  |  | $ | 296,350 |  |  | $ | (348,941 | ) |  | $ | 273,413 |
(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 for the three months ended June 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 | $ | 141,921 |  |  | $ | 2,097 |  |  | $ | 13,967 |  |  | $ | 8,974 |  |  | $ | 181,077 |  |  | $ | (175,480 | ) |  | $ | 172,556 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | 672 |  |  | — |  |  | 672 |
Comprehensive income | 141,921 |  |  | 2,097 |  |  | 13,967 |  |  | 8,974 |  |  | 181,749 |  |  | (175,480 | ) |  | 173,228 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (30,635 | ) |  | — |  |  | (30,635 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (30,635 | ) |  | — |  |  | (30,635 | )
Comprehensive income attributable to RenaissanceRe | $ | 141,921 |  |  | $ | 2,097 |  |  | $ | 13,967 |  |  | $ | 8,974 |  |  | $ | 151,114 |  |  | $ | (175,480 | ) |  | $ | 142,593 |
(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 six months ended June 20, 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 | $ | 275,511 |  |  | $ | 3,168 |  |  | $ | 37,827 |  |  | $ | 22,920 |  |  | $ | 357,673 |  |  | $ | (346,362 | ) |  | $ | 350,737 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | 229 |  |  | — |  |  | 229 |
Comprehensive income | 275,511 |  |  | 3,168 |  |  | 37,827 |  |  | 22,920 |  |  | 357,902 |  |  | (346,362 | ) |  | 350,966 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (75,226 | ) |  | — |  |  | (75,226 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (75,226 | ) |  | — |  |  | (75,226 | )
Comprehensive income available to RenaissanceRe | $ | 275,511 |  |  | $ | 3,168 |  |  | $ | 37,827 |  |  | $ | 22,920 |  |  | $ | 282,676 |  |  | $ | (346,362 | ) |  | $ | 275,740 |
(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 three months ended June 30, 2017 | 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 | $ | 176,738 |  |  | $ | 2,507 |  |  | $ | 17,995 |  |  | $ | 10,391 |  |  | $ | 226,895 |  |  | $ | (220,176 | ) |  | $ | 214,350 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | 219 |  |  | — |  |  | 219 |
Comprehensive income | 176,738 |  |  | 2,507 |  |  | 17,995 |  |  | 10,391 |  |  | 227,114 |  |  | (220,176 | ) |  | 214,569 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (37,612 | ) |  | — |  |  | (37,612 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (37,612 | ) |  | — |  |  | (37,612 | )
Comprehensive income available to RenaissanceRe | $ | 176,738 |  |  | $ | 2,507 |  |  | $ | 17,995 |  |  | $ | 10,391 |  |  | $ | 189,502 |  |  | $ | (220,176 | ) |  | $ | 176,957 |
(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 six months ended June 30, 2017 | 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 | $ | (11,924 | ) |  | $ | (8,931 | ) |  | $ | (5,017 | ) |  | $ | (27,713 | ) |  | $ | 394,608 |  |  | $ | 341,023 |
Cash flows provided by (used in) investing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 53,654 |  |  | 46,475 |  |  | 289,741 |  |  | 15,449 |  |  | 4,758,653 |  |  | 5,163,972 |
Purchases of fixed maturity investments trading | (105,523 | ) |  | (45,174 | ) |  | (143,991 | ) |  | (265,787 | ) |  | (4,890,887 | ) |  | (5,451,362 | )
Net (purchases) sales of equity investments trading | — |  |  | (89 | ) |  | 85,324 |  |  | — |  |  | (38,930 | ) |  | 46,305 |
Net sales (purchases) of short term investments | 298,768 |  |  | (1,351 | ) |  | 41,299 |  |  | (28,934 | ) |  | (33,707 | ) |  | 276,075 |
Net sales of other investments | — |  |  | — |  |  | — |  |  | — |  |  | 2,551 |  |  | 2,551 |
Dividends and return of capital from subsidiaries | 167,111 |  |  | 9,175 |  |  | — |  |  | 17,975 |  |  | (194,261 | ) |  | — |
Contributions to subsidiaries | (200,000 | ) |  | — |  |  | — |  |  | (9,175 | ) |  | 209,175 |  |  | — |
Due (from) to subsidiary | (12,477 | ) |  | 9 |  |  | (41 | ) |  | 1,278 |  |  | 11,231 |  |  | — |
Net cash provided by (used in) investing activities | 201,533 |  |  | 9,045 |  |  | 272,332 |  |  | (269,194 | ) |  | (176,175 | ) |  | 37,541 |
Cash flows (used in) provided by financing activities |  |  |  |  |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (25,877 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (25,877 | )
Dividends paid – preference shares | (11,191 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,191 | )
RenaissanceRe common share repurchases | (145,940 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (145,940 | )
Issuance of debt, net of expenses | — |  |  | — |  |  | — |  |  | 295,866 |  |  | — |  |  | 295,866 |
Repayment of debt | — |  |  | — |  |  | (250,000 | ) |  | — |  |  | — |  |  | (250,000 | )
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | — |  |  | — |  |  | (33,655 | ) |  | (33,655 | )
Taxes paid on withholding shares | (11,251 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,251 | )
Net cash (used in) provided by financing activities | (194,259 | ) |  | — |  |  | (250,000 | ) |  | 295,866 |  |  | (33,655 | ) |  | (182,048 | )
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | — |  |  | — |  |  | 5,477 |  |  | 5,477 |
Net (decrease) increase in cash and cash equivalents | (4,650 | ) |  | 114 |  |  | 17,315 |  |  | (1,041 | ) |  | 190,255 |  |  | 201,993 |
Cash and cash equivalents, beginning of period | 7,067 |  |  | 162 |  |  | 6,671 |  |  | 9,397 |  |  | 397,860 |  |  | 421,157 |
Cash and cash equivalents, end of period | $ | 2,417 |  |  | $ | 276 |  |  | $ | 23,986 |  |  | $ | 8,356 |  |  | $ | 588,115 |  |  | $ | 623,150 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the six months ended June 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 provided by (used in)operating activities |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | (11,131 | ) |  | $ | 297 |  |  | $ | (3,914 | ) |  | $ | (24,197 | ) |  | $ | 164,186 |  |  | $ | 125,241 |
Cash flows provided by (used in) investing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 210,933 |  |  | 50,890 |  |  | 67,839 |  |  | — |  |  | 4,450,744 |  |  | 4,780,406 |
Purchases of fixed maturity investments trading | (324,462 | ) |  | (105,772 | ) |  | (203,883 | ) |  | — |  |  | (4,350,703 | ) |  | (4,984,820 | )
Proceeds from sales and maturities of fixed maturity investments available for sale | — |  |  | — |  |  | — |  |  | — |  |  | 5,216 |  |  | 5,216 |
Net (purchases) sales of equity investments trading | — |  |  | (2,195 | ) |  | 193,207 |  |  | — |  |  | (9,378 | ) |  | 181,634 |
Net sales (purchases) of short term investments | 195,915 |  |  | 62,403 |  |  | (58,367 | ) |  | — |  |  | 45,948 |  |  | 245,899 |
Net purchases of other investments | — |  |  | — |  |  | — |  |  | — |  |  | (52,778 | ) |  | (52,778 | )
Dividends and return of capital from subsidiaries | 341,011 |  |  | 2,900 |  |  | — |  |  | — |  |  | (343,911 | ) |  | — |
Contributions to subsidiaries | (95,001 | ) |  | — |  |  | — |  |  | — |  |  | 95,001 |  |  | — |
Due to (from) subsidiaries | (22,676 | ) |  | (14,396 | ) |  | (92 | ) |  | 24,134 |  |  | 13,030 |  |  | — |
Net cash provided by (used in) investing activities | 305,720 |  |  | (6,170 | ) |  | (1,296 | ) |  | 24,134 |  |  | (146,831 | ) |  | 175,557 |
Cash flows used in financing activities |  |  |  |  |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (26,198 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (26,198 | )
Dividends paid – preference shares | (11,191 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,191 | )
RenaissanceRe common share repurchases | (265,003 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (265,003 | )
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | — |  |  | — |  |  | (43,909 | ) |  | (43,909 | )
Taxes paid on withholding shares | — |  |  | — |  |  | — |  |  | — |  |  | (8,069 | ) |  | (8,069 | )
Net cash used in financing activities | (302,392 | ) |  | — |  |  | — |  |  | — |  |  | (51,978 | ) |  | (354,370 | )
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | — |  |  | — |  |  | 2,208 |  |  | 2,208 |
Net decrease in cash and cash equivalents | (7,803 | ) |  | (5,873 | ) |  | (5,210 | ) |  | (63 | ) |  | (32,415 | ) |  | (51,364 | )
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 | $ | 2,382 |  |  | $ | 35 |  |  | $ | 1,893 |  |  | $ | 614 |  |  | $ | 450,597 |  |  | $ | 455,521 |
(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.

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