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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows provided by operating activities    
Net income (loss) $ 392,903 $ (356,870)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Amortization, accretion and depreciation 30,936 18,586
Equity in undistributed earnings of other ventures (13,016) 19,559
Net realized and unrealized losses (gains) on investments 86,415 (143,538)
Net unrealized gains included in net investment income (17,778) (2,686)
Change in:    
Premiums receivable (482,473) (533,943)
Prepaid reinsurance premiums (261,950) (194,496)
Reinsurance recoverable 382,571 (1,308,740)
Deferred acquisition costs (71,182) (99,589)
Reserve for claims and claim expenses (127,910) 2,344,019
Unearned premiums 581,242 481,496
Reinsurance balances payable 981,823 360,471
Other (593,055) 17,433
Net cash provided by operating activities 888,526 601,702
Cash flows used in investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 8,221,481 7,663,002
Purchases of fixed maturity investments trading (8,692,688) (7,798,285)
Net sales of equity investments trading 15,490 61,571
Net purchases of short term investments (1,465,451) (146,326)
Net (purchases) sales of other investments (130,649) 5,181
Net purchases of investments in other ventures (20,952) 0
Return of investment from investment in other ventures 8,464 20,000
Net cash used in investing activities (2,064,305) (194,857)
Cash flows provided by (used in) financing activities    
Dividends paid – RenaissanceRe common shares (39,611) (38,624)
Dividends paid – preference shares (20,899) (16,786)
RenaissanceRe common share repurchases 0 (188,591)
Issuance of debt, net of expenses 0 295,866
Repayment of debt 0 (250,000)
Issuance of preference shares, net of expenses 242,371 0
Net third party redeemable noncontrolling interest share transactions 96,021 (44,193)
Taxes paid on withholding shares (7,079) (13,694)
Net cash provided by (used in) financing activities 270,803 (256,022)
Effect of exchange rate changes on foreign currency cash (3,575) 9,596
Net (decrease) increase in cash and cash equivalents (908,551) 160,419
Cash and cash equivalents, beginning of period 1,361,592 421,157
Cash and cash equivalents, end of period $ 453,041 $ 581,576