CONDENSED CONSOLIDATING FINANCIAL INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT OF SUBSIDIARIES

The following tables present condensed consolidating balance sheets at September 30, 2018 and December 31, 2017, condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the three and nine months ended September 30, 2018 and 2017, and condensed consolidating statements of cash flows for the nine months ended September 30, 2018. Each of RenRe North America Holdings Inc. and RenaissanceRe Finance, Inc. is a 100% owned subsidiary of RenaissanceRe. On June 1, 2017, the notes issued by Platinum Underwriters Finance, Inc. (“Platinum Finance”) matured and the Company repaid the aggregate principal amount plus applicable accrued interest in full. Platinum Finance was subsequently dissolved on November 30, 2017. Prior to the liquidation of Platinum Finance, it was a 100% owned subsidiary of RenaissanceRe. For additional information related to the terms of the Company’s outstanding debt securities, see “Note 9. Debt and Credit Facilities” in the “Notes to Consolidated Financial Statements” in the Company’s Form 10-K for the year ended December 31, 2017 and “Note 7. Debt and Credit Facilities” in the “Notes to Consolidated Financial Statements” included herein.



Condensed Consolidating Balance Sheet at September 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings 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	$	36,092	$	110,117	$	15,504	$	11,383,978	$	—		$	11,545,691
Cash and cash equivalents	3,734		56		4,372		444,879		—			453,041
Investments in subsidiaries	4,544,513		57,082		1,235,547		—		(5,837,142		)	—
Due from subsidiaries and affiliates	101,372		101,579		—		—		(202,951		)	—
Premiums receivable	—		—		—		1,787,095		—			1,787,095
Prepaid reinsurance premiums	—		—		—		795,496		—			795,496
Reinsurance recoverable	—		—		—		1,204,059		—			1,204,059
Accrued investment income	—		241		20		46,429		—			46,690
Deferred acquisition costs	—		—		—		497,733		—			497,733
Receivable for investments sold	30		1		6		406,025		—			406,062
Other assets	450,161		19,771		367,408		84,974		(800,590		)	121,724
Goodwill and other intangible assets	121,560		—		—		117,243		—			238,803
Total assets	$	5,257,462	$	288,847	$	1,622,857	$	16,767,911	$	(6,840,683	)	$	17,096,394
Liabilities, Noncontrolling Interests and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—	$	—	$	—	$	4,952,498	$	—		$	4,952,498
Unearned premiums	—		—		—		2,058,851		—			2,058,851
Debt	352,000		—		842,786		147,963		(352,000		)	990,749
Amounts due to subsidiaries and affiliates	6,132		144		129,056		—		(135,332		)	—
Reinsurance balances payable	—		—		—		1,970,913		—			1,970,913
Payable for investments purchased	—		17		—		555,539		—			555,556
Other liabilities	12,809		773		9,179		134,181		(9,614		)	147,328
Total liabilities	370,941		934		981,021		9,819,945		(496,946		)	10,675,895
Redeemable noncontrolling interests	—		—		—		1,533,978		—			1,533,978
Shareholders’ Equity
Total shareholders’ equity	4,886,521		287,913		641,836		5,413,988		(6,343,737		)	4,886,521
Total liabilities, noncontrolling interests and shareholders’ equity	$	5,257,462	$	288,847	$	1,622,857	$	16,767,911	$	(6,840,683	)	$	17,096,394


(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, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings 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	$	225,266	$	129,732	$	31,255	$	9,117,186	$	—		$	9,503,439
Cash and cash equivalents	14,656		139		1,469		1,345,328		—			1,361,592
Investments in subsidiaries	4,105,760		36,140		1,141,733		—		(5,283,633		)	—
Due from subsidiaries and affiliates	4,602		91,891		—		—		(96,493		)	—
Premiums receivable	—		—		—		1,304,622		—			1,304,622
Prepaid reinsurance premiums	—		—		—		533,546		—			533,546
Reinsurance recoverable	—		—		—		1,586,630		—			1,586,630
Accrued investment income	405		428		82		41,320		—			42,235
Deferred acquisition costs	—		—		—		426,551		—			426,551
Receivable for investments sold	135		51		8		102,951		—			103,145
Other assets	433,468		21,342		430,481		76,703		(840,768		)	121,226
Goodwill and other intangible assets	124,960		—		—		118,185		—			243,145
Total assets	$	4,909,252	$	279,723	$	1,605,028	$	14,653,022	$	(6,220,894	)	$	15,226,131
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—	$	—	$	—	$	5,080,408	$	—		$	5,080,408
Unearned premiums	—		—		—		1,477,609		—			1,477,609
Debt	417,000		—		841,892		147,731		(417,000		)	989,623
Amounts due to subsidiaries and affiliates	82,579		54		92,794		—		(175,427		)	—
Reinsurance balances payable	—		—		—		989,090		—			989,090
Payable for investments purchased	—		—		—		208,749		—			208,749
Other liabilities	18,298		1,053		14,117		764,432		(5,129		)	792,771
Total liabilities	517,877		1,107		948,803		8,668,019		(597,556		)	9,538,250
Redeemable noncontrolling interests	—		—		—		1,296,506		—			1,296,506
Shareholders’ Equity
Total shareholders’ equity	4,391,375		278,616		656,225		4,688,497		(5,623,338		)	4,391,375
Total liabilities, redeemable noncontrolling interest and shareholders’ equity	$	4,909,252	$	279,723	$	1,605,028	$	14,653,022	$	(6,220,894	)	$	15,226,131


(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, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings 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	$	—		$	—		$	—		$	531,849		$	—		$	531,849
Net investment income	6,542			539			1,541			80,472			(8,398		)	80,696
Net foreign exchange gains (losses)	3			—			—			(4,569		)	—			(4,566		)
Equity in earnings of other ventures	—			—			290			7,358			—			7,648
Other income	—			—			—			497			—			497
Net realized and unrealized (losses) gains on investments	(176		)	4,479			(73		)	9,400			—			13,630
Total revenues	6,369			5,018			1,758			625,007			(8,398		)	629,754
Expenses
Net claims and claim expenses incurred	—			—			—			410,510			—			410,510
Acquisition expenses	—			—			—			109,761			—			109,761
Operational expenses	3,570			29			7,493			42,682			(13,181		)	40,593
Corporate expenses	3,778			—			—			3,063			—			6,841
Interest expense	1,478			—			9,257			2,512			(1,478		)	11,769
Total expenses	8,826			29			16,750			568,528			(14,659		)	579,474
(Loss) income before equity in net income of subsidiaries and taxes	(2,457		)	4,989			(14,992		)	56,479			6,261			50,280
Equity in net income of subsidiaries	45,130			2,735			11,666			—			(59,531		)	—
Income (loss) before taxes	42,673			7,724			(3,326		)	56,479			(53,270		)	50,280
Income tax (expense) benefit	(284		)	(1,026		)	1,840			(1,981		)	—			(1,451		)
Net income (loss)	42,389			6,698			(1,486		)	54,498			(53,270		)	48,829
Net income attributable to redeemable noncontrolling interests	—			—			—			(6,440		)	—			(6,440		)
Net income (loss) attributable to RenaissanceRe	42,389			6,698			(1,486		)	48,058			(53,270		)	42,389
Dividends on preference shares	(9,708		)	—			—			—			—			(9,708		)
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	32,681		$	6,698		$	(1,486	)	$	48,058		$	(53,270	)	$	32,681


(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, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings 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)	$	42,389	$	6,698	$	(1,486	)	$	54,498		$	(53,270	)	$	48,829
Change in net unrealized gains on investments	—		—		—			(382		)	—			(382		)
Comprehensive income (loss)	42,389		6,698		(1,486		)	54,116			(53,270		)	48,447
Net income attributable to redeemable noncontrolling interests	—		—		—			(6,440		)	—			(6,440		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—			(6,440		)	—			(6,440		)
Comprehensive income (loss) attributable to RenaissanceRe	$	42,389	$	6,698	$	(1,486	)	$	47,676		$	(53,270	)	$	42,007


(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, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings 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	$	—		$	—		$	—		$	1,401,516		$	—		$	1,401,516
Net investment income	18,504			1,629			3,981			208,034			(23,620		)	208,528
Net foreign exchange losses	(1		)	—			—			(11,495		)	—			(11,496		)
Equity in earnings of other ventures	—			—			2,045			12,286			—			14,331
Other income	—			—			—			480			—			480
Net realized and unrealized (losses) gains on investments	(821		)	4,906			(399		)	(90,101		)	—			(86,415		)
Total revenues	17,682			6,535			5,627			1,520,720			(23,620		)	1,526,944
Expenses
Net claims and claim expenses incurred	—			—			—			642,380			—			642,380
Acquisition expenses	—			—			—			312,524			—			312,524
Operational expenses	7,551			60			26,737			113,721			(28,661		)	119,408
Corporate expenses	12,498			—			7			9,370			—			21,875
Interest expense	3,694			—			27,763			7,541			(3,694		)	35,304
Total expenses	23,743			60			54,507			1,085,536			(32,355		)	1,131,491
(Loss) income before equity in net income of subsidiaries and taxes	(6,061		)	6,475			(48,880		)	435,184			8,735			395,453
Equity in net income of subsidiaries	310,081			4,285			29,005			—			(343,371		)	—
Income (loss) before taxes	304,020			10,760			(19,875		)	435,184			(334,636		)	395,453
Income tax (expense) benefit	(1,939		)	(1,273		)	5,677			(5,015		)	—			(2,550		)
Net income (loss)	302,081			9,487			(14,198		)	430,169			(334,636		)	392,903
Net income attributable to redeemable noncontrolling interests	—			—			—			(90,822		)	—			(90,822		)
Net income (loss) attributable to RenaissanceRe	302,081			9,487			(14,198		)	339,347			(334,636		)	302,081
Dividends on preference shares	(20,899		)	—			—			—			—			(20,899		)
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	281,182		$	9,487		$	(14,198	)	$	339,347		$	(334,636	)	$	281,182


(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 nine months ended September 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings 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)	$	302,081	$	9,487	$	(14,198	)	$	430,169		$	(334,636	)	$	392,903
Change in net unrealized gains on investments	—		—		—			(1,707		)	—			(1,707		)
Comprehensive income (loss)	302,081		9,487		(14,198		)	428,462			(334,636		)	391,196
Net income attributable to redeemable noncontrolling interests	—		—		—			(90,822		)	—			(90,822		)
Comprehensive income attributable to noncontrolling interests	—		—		—			(90,822		)	—			(90,822		)
Comprehensive income (loss) attributable to RenaissanceRe	$	302,081	$	9,487	$	(14,198	)	$	337,640		$	(334,636	)	$	300,374


(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, 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	$	—		$	—		$	—		$	—		$	547,792		$	—		$	547,792
Net investment income (loss)	5,725			544			(3		)	1,335			39,342			(6,686		)	40,257
Net foreign exchange losses	—			—			—			—			(156		)	—			(156		)
Equity in earnings of other ventures	—			—			—			38			1,756			—			1,794
Other income	1			—			—			—			2,995			—			2,996
Net realized and unrealized gains on investments	110			2,186			—			51			39,705			—			42,052
Total revenues	5,836			2,730			(3		)	1,424			631,434			(6,686		)	634,735
Expenses
Net claims and claim expenses incurred	—			—			—			—			1,221,696			—			1,221,696
Acquisition expenses	—			—			—			—			76,761			—			76,761
Operational expenses	2,910			17			1			6,266			37,752			(4,409		)	42,537
Corporate expenses	4,634			—			—			—			(221		)	—			4,413
Interest expense	183			—			—			9,258			2,541			(183		)	11,799
Total expenses	7,727			17			1			15,524			1,338,529			(4,592		)	1,357,206
(Loss) income before equity in net (loss) income of subsidiaries and taxes	(1,891		)	2,713			(4		)	(14,100		)	(707,095		)	(2,094		)	(722,471		)
(Loss) equity in net (loss) income of subsidiaries	(499,408		)	928			—			(16,352		)	—			514,832			—
(Loss) income before taxes	(501,299		)	3,641			(4		)	(30,452		)	(707,095		)	512,738			(722,471		)
Income tax benefit (expense)	2,082			(890		)	29			3,307			14,449			—			18,977
Net (loss) income	(499,217		)	2,751			25			(27,145		)	(692,646		)	512,738			(703,494		)
Net loss attributable to redeemable noncontrolling interests	—			—			—			—			204,277			—			204,277
Net (loss) income attributable to RenaissanceRe	(499,217		)	2,751			25			(27,145		)	(488,369		)	512,738			(499,217		)
Dividends on preference shares	(5,595		)	—			—			—			—			—			(5,595		)
Net (loss) income (attributable) available attributable to RenaissanceRe common shareholders	$	(504,812	)	$	2,751		$	25		$	(27,145	)	$	(488,369	)	$	512,738		$	(504,812	)


(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 (Loss) Income for the three months ended September 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 (loss) income
Net (loss) income	$	(499,217	)	$	2,751	$	25	$	(27,145	)	$	(692,646	)	$	512,738	$	(703,494	)
Change in net unrealized gains on investments	—			—		—		—			300			—		300
Comprehensive (loss) income	(499,217		)	2,751		25		(27,145		)	(692,346		)	512,738		(703,194		)
Net loss attributable to redeemable noncontrolling interests	—			—		—		—			204,277			—		204,277
Comprehensive loss attributable to redeemable noncontrolling interests	—			—		—		—			204,277			—		204,277
Comprehensive (loss) income attributable to RenaissanceRe	$	(499,217	)	$	2,751	$	25	$	(27,145	)	$	(488,069	)	$	512,738	$	(498,917	)


(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, 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	$	—		$	—		$	—		$	—		$	1,296,102		$	—		$	1,296,102
Net investment income	16,466			1,436			1,373			1,843			146,816			(19,189		)	148,745
Net foreign exchange (losses) gains	(1		)	—			—			—			11,119			—			11,118
Equity in (losses) earnings of other ventures	—			—			—			(412		)	6,242			—			5,830
Other income	—			—			—			—			7,053			—			7,053
Net realized and unrealized gains (losses) on investments	155			6,528			4,916			(217		)	132,156			—			143,538
Total revenues	16,620			7,964			6,289			1,214			1,599,488			(19,189		)	1,612,386
Expenses
Net claims and claim expenses incurred	—			—			—			—			1,557,364			—			1,557,364
Acquisition expenses	—			—			—			—			248,294			—			248,294
Operational expenses	9,398			57			86			20,892			116,212			(15,059		)	131,586
Corporate expenses	14,640			—			—			—			(305		)	—			14,335
Interest expense	464			—			2,461			22,401			7,554			(464		)	32,416
Total expenses	24,502			57			2,547			43,293			1,929,119			(15,523		)	1,983,995
(Loss) income before equity in net (loss) income of subsidiaries and taxes	(7,882		)	7,907			3,742			(42,079		)	(329,631		)	(3,666		)	(371,609		)
Equity in net (loss) income of subsidiaries	(219,309		)	3,234			28,028			20,584			—			167,463			—
(Loss) income before taxes	(227,191		)	11,141			31,770			(21,495		)	(329,631		)	163,797			(371,609		)
Income tax benefit (expense)	2,659			(2,572		)	(1,175		)	9,281			6,546			—			14,739
Net (loss) income	(224,532		)	8,569			30,595			(12,214		)	(323,085		)	163,797			(356,870		)
Net loss attributable to redeemable noncontrolling interests	—			—			—			—			132,338			—			132,338
Net (loss) income attributable to RenaissanceRe	(224,532		)	8,569			30,595			(12,214		)	(190,747		)	163,797			(224,532		)
Dividends on preference shares	(16,786		)	—			—			—			—			—			(16,786		)
Net (loss) income (attributable) available to RenaissanceRe common shareholders	$	(241,318	)	$	8,569		$	30,595		$	(12,214	)	$	(190,747	)	$	163,797		$	(241,318	)


(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 (Loss) Income for the nine months ended September 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 (loss) income
Net (loss) income	$	(224,532	)	$	8,569	$	30,595	$	(12,214	)	$	(323,085	)	$	163,797	$	(356,870	)
Change in net unrealized gains on investments	—			—		—		—			(972		)	—		(972		)
Comprehensive (loss) income	(224,532		)	8,569		30,595		(12,214		)	(324,057		)	163,797		(357,842		)
Net loss attributable to redeemable noncontrolling interests	—			—		—		—			132,338			—		132,338
Comprehensive loss attributable to noncontrolling interests	—			—		—		—			132,338			—		132,338
Comprehensive (loss) income attributable to RenaissanceRe	$	(224,532	)	$	8,569	$	30,595	$	(12,214	)	$	(191,719	)	$	163,797	$	(225,504	)


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings 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	$	(5,869	)	$	1,496		$	16,194		$	876,705		$	888,526
Cash flows used in investing activities
Proceeds from sales and maturities of fixed maturity investments trading	384,818			91,118			45,459			7,700,086			8,221,481
Purchases of fixed maturity investments trading	(281,994		)	(65,988		)	(20,806		)	(8,323,900		)	(8,692,688		)
Net (purchases) sales of equity investments trading	—			(624		)	—			16,114			15,490
Net sales (purchases) of short term investments	85,598			360			(9,206		)	(1,542,203		)	(1,465,451		)
Net purchases of other investments	—			—			—			(130,649		)	(130,649		)
Net purchases of investments in other ventures	—			—			—			(20,952		)	(20,952		)
Return of investment from investments in other ventures	—			—			—			8,464			8,464
Dividends and return of capital from subsidiaries	511,098			—			—			(511,098		)	—
Contributions to subsidiaries	(686,106		)	(16,847		)	(65,000		)	767,953			—
Due (from) to subsidiary	(193,249		)	(9,598		)	36,262			166,585			—
Net cash used in investing activities	(179,835		)	(1,579		)	(13,291		)	(1,869,600		)	(2,064,305		)
Cash flows provided by financing activities
Dividends paid – RenaissanceRe common shares	(39,611		)	—			—			—			(39,611		)
Dividends paid – preference shares	(20,899		)	—			—			—			(20,899		)
Issuance of preference shares, net of expenses	242,371			—			—			—			242,371
Net third party redeemable noncontrolling interest share transactions	—			—			—			96,021			96,021
Taxes paid on withholding shares	(7,079		)	—			—			—			(7,079		)
Net cash provided by financing activities	174,782			—			—			96,021			270,803
Effect of exchange rate changes on foreign currency cash	—			—			—			(3,575		)	(3,575		)
Net (decrease) increase in cash and cash equivalents	(10,922		)	(83		)	2,903			(900,449		)	(908,551		)
Cash and cash equivalents, beginning of period	14,656			139			1,469			1,345,328			1,361,592
Cash and cash equivalents, end of period	$	3,734		$	56		$	4,372		$	444,879		$	453,041


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.



Condensed Consolidating Statement of Cash Flows for the nine months ended September 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	$	(6,870	)	$	(8,209	)	$	(2,262	)	$	(343,093	)	$	962,136		$	601,702
Cash flows provided by (used in) investing activities
Proceeds from sales and maturities of fixed maturity investments trading	106,761			74,455			289,741			279,830			6,912,215			7,663,002
Purchases of fixed maturity investments trading	(118,402		)	(69,168		)	(143,991		)	(270,785		)	(7,195,939		)	(7,798,285		)
Net (purchases) sales of equity investments trading	—			(1,708		)	85,324			—			(22,045		)	61,571
Net sales (purchases) of short term investments	205,864			(4,495		)	41,299			(305		)	(388,689		)	(146,326		)
Net sales of other investments	—			—			—			—			5,181			5,181
Return of investment from investment in other ventures	—			—			—			—			20,000			20,000
Dividends and return of capital from subsidiaries	285,515			9,175			—			41,866			(336,556		)	—
Contributions to subsidiaries	(500,000		)	—			(26,649		)	(9,175		)	535,824			—
Due (from) to subsidiaries	290,130			14			(123		)	4,062			(294,083		)	—
Net cash provided by (used in) investing activities	269,868			8,273			245,601			45,493			(764,092		)	(194,857		)
Cash flows (used in) provided by financing activities
Dividends paid – RenaissanceRe common shares	(38,624		)	—			—			—			—			(38,624		)
Dividends paid – preference shares	(16,786		)	—			—			—			—			(16,786		)
RenaissanceRe common share repurchases	(188,591		)	—			—			—			—			(188,591		)
Repayment of debt	—			—			(250,000		)	—			—			(250,000		)
Issuance of debt, net of expenses	—			—			—			295,866			—			295,866
Net third party redeemable noncontrolling interest share transactions	—			—			—			—			(44,193		)	(44,193		)
Taxes paid on withholding shares	(13,694		)	—			—			—			—			(13,694		)
Net cash (used in) provided by financing activities	(257,695		)	—			(250,000		)	295,866			(44,193		)	(256,022		)
Effect of exchange rate changes on foreign currency cash	—			—			—			—			9,596			9,596
Net increase (decrease) in cash and cash equivalents	5,303			64			(6,661		)	(1,734		)	163,447			160,419
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	$	12,370		$	226		$	10		$	7,663		$	561,307		$	581,576

(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.