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Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract] |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet at December 31, 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 | $ | 313,360 |  |  | $ | 77,842 |  |  | $ | 28,885 |  |  | $ | 11,465,660 |  |  | $ | — |  |  | $ | 11,885,747 |
Cash and cash equivalents | 3,534 |  |  | 3,350 |  |  | 9,604 |  |  | 1,091,434 |  |  | — |  |  | 1,107,922 |
Investments in subsidiaries | 4,414,475 |  |  | 58,458 |  |  | 1,215,663 |  |  | — |  |  | (5,688,596 | ) |  | — |
Due from subsidiaries and affiliates | 57,039 |  |  | 101,579 |  |  | — |  |  | — |  |  | (158,618 | ) |  | — |
Premiums receivable | — |  |  | — |  |  | — |  |  | 1,537,188 |  |  | — |  |  | 1,537,188 |
Prepaid reinsurance premiums | — |  |  | — |  |  | — |  |  | 616,185 |  |  | — |  |  | 616,185 |
Reinsurance recoverable | — |  |  | — |  |  | — |  |  | 2,372,221 |  |  | — |  |  | 2,372,221 |
Accrued investment income | 1,046 |  |  | 310 |  |  | 127 |  |  | 49,828 |  |  | — |  |  | 51,311 |
Deferred acquisition costs | — |  |  | — |  |  | — |  |  | 476,661 |  |  | — |  |  | 476,661 |
Receivable for investments sold | 203 |  |  | 23,885 |  |  | — |  |  | 232,328 |  |  | — |  |  | 256,416 |
Other assets | 458,842 |  |  | 22,571 |  |  | 313,636 |  |  | (1,403,636 | ) |  | 743,714 |  |  | 135,127 |
Goodwill and other intangible assets | 120,476 |  |  | — |  |  | — |  |  | 116,942 |  |  | — |  |  | 237,418 |
Total assets | $ | 5,368,975 |  |  | $ | 287,995 |  |  | $ | 1,567,915 |  |  | $ | 16,554,811 |  |  | $ | (5,103,500 | ) |  | $ | 18,676,196 |
Liabilities, Noncontrolling Interests and Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6,076,271 |  |  | $ | — |  |  | $ | 6,076,271 |
Unearned premiums | — |  |  | — |  |  | — |  |  | 1,716,021 |  |  | — |  |  | 1,716,021 |
Debt | 300,000 |  |  | — |  |  | 843,086 |  |  | 148,041 |  |  | (300,000 | ) |  | 991,127 |
Amounts due to subsidiaries and affiliates | 6,453 |  |  | 217 |  |  | 102,243 |  |  | — |  |  | (108,913 | ) |  | — |
Reinsurance balances payable | — |  |  | — |  |  | — |  |  | 1,902,056 |  |  | — |  |  | 1,902,056 |
Payable for investments purchased | — |  |  | 24 |  |  | — |  |  | 380,308 |  |  | — |  |  | 380,332 |
Other liabilities | 17,442 |  |  | 5,362 |  |  | 13,918 |  |  | 482,422 |  |  | (5,535 | ) |  | 513,609 |
Total liabilities | 323,895 |  |  | 5,603 |  |  | 959,247 |  |  | 10,705,119 |  |  | (414,448 | ) |  | 11,579,416 |
Redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | 2,051,700 |  |  | — |  |  | 2,051,700 |
Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |
Total shareholders’ equity | 5,045,080 |  |  | 282,392 |  |  | 608,668 |  |  | 3,797,992 |  |  | (4,689,052 | ) |  | 5,045,080 |
Total liabilities, noncontrolling interests and shareholders’ equity | $ | 5,368,975 |  |  | $ | 287,995 |  |  | $ | 1,567,915 |  |  | $ | 16,554,811 |  |  | $ | (5,103,500 | ) |  | $ | 18,676,196 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent 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 |
Condensed Consolidating Statement of Operations for the year ended 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
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,403,430 |  |  | $ | — |  |  | $ | 1,403,430 |
Net investment income | 24,178 |  |  | 1,852 |  |  | 3,989 |  |  | 569 |  |  | 175,407 |  |  | (24,269 | ) |  | 181,726 |
Net foreign exchange losses | (2 | ) |  | — |  |  | — |  |  | — |  |  | (13,786 | ) |  | — |  |  | (13,788 | )
Equity in earnings of other ventures | — |  |  | — |  |  | — |  |  | — |  |  | 963 |  |  | — |  |  | 963 |
Other (loss) income | (772 | ) |  | — |  |  | — |  |  | — |  |  | 14,950 |  |  | — |  |  | 14,178 |
Net realized and unrealized gains on investments | 4,151 |  |  | 4,659 |  |  | 8,193 |  |  | 46 |  |  | 124,279 |  |  | — |  |  | 141,328 |
Total revenues | 27,555 |  |  | 6,511 |  |  | 12,182 |  |  | 615 |  |  | 1,705,243 |  |  | (24,269 | ) |  | 1,727,837 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 530,831 |  |  | — |  |  | 530,831 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 289,323 |  |  | — |  |  | 289,323 |
Operational expenses | 13,716 |  |  | (112 | ) |  | 296 |  |  | 22,152 |  |  | 176,041 |  |  | (14,344 | ) |  | 197,749 |
Corporate expenses | 26,848 |  |  | 203 |  |  | — |  |  | 7 |  |  | 10,344 |  |  | — |  |  | 37,402 |
Interest expense | 562 |  |  | — |  |  | 5,906 |  |  | 26,176 |  |  | 10,062 |  |  | (562 | ) |  | 42,144 |
Total expenses | 41,126 |  |  | 91 |  |  | 6,202 |  |  | 48,335 |  |  | 1,016,601 |  |  | (14,906 | ) |  | 1,097,449 |
(Loss) income before equity in net income of subsidiaries and taxes | (13,571 | ) |  | 6,420 |  |  | 5,980 |  |  | (47,720 | ) |  | 688,642 |  |  | (9,363 | ) |  | 630,388 |
Equity in net income of subsidiaries | 516,533 |  |  | 3,857 |  |  | 25,073 |  |  | 38,628 |  |  | — |  |  | (584,091 | ) |  | — |
Income (loss) before taxes | 502,962 |  |  | 10,277 |  |  | 31,053 |  |  | (9,092 | ) |  | 688,642 |  |  | (593,454 | ) |  | 630,388 |
Income tax (expense) benefit | — |  |  | (2,275 | ) |  | (1,462 | ) |  | 11,014 |  |  | (7,617 | ) |  | — |  |  | (340 | )
Net income | 502,962 |  |  | 8,002 |  |  | 29,591 |  |  | 1,922 |  |  | 681,025 |  |  | (593,454 | ) |  | 630,048 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (127,086 | ) |  | — |  |  | (127,086 | )
Net income attributable to RenaissanceRe | 502,962 |  |  | 8,002 |  |  | 29,591 |  |  | 1,922 |  |  | 553,939 |  |  | (593,454 | ) |  | 502,962 |
Dividends on preference shares | (22,381 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (22,381 | )
Net income available to RenaissanceRe common shareholders | $ | 480,581 |  |  | $ | 8,002 |  |  | $ | 29,591 |  |  | $ | 1,922 |  |  | $ | 553,939 |  |  | $ | (593,454 | ) |  | $ | 480,581 |
(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 year ended 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
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 502,962 |  |  | $ | 8,002 |  |  | $ | 29,591 |  |  | $ | 1,922 |  |  | $ | 681,025 |  |  | $ | (593,454 | ) |  | $ | 630,048 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | (975 | ) |  | — |  |  | (975 | )
Comprehensive income | 502,962 |  |  | 8,002 |  |  | 29,591 |  |  | 1,922 |  |  | 680,050 |  |  | (593,454 | ) |  | 629,073 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (127,086 | ) |  | — |  |  | (127,086 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (127,086 | ) |  | — |  |  | (127,086 | )
Comprehensive income attributable to RenaissanceRe | $ | 502,962 |  |  | $ | 8,002 |  |  | $ | 29,591 |  |  | $ | 1,922 |  |  | $ | 552,964 |  |  | $ | (593,454 | ) |  | $ | 501,987 |
Condensed Consolidating Statement of Operations for the year ended December 31, 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 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,717,575 |  |  | $ | — |  |  | $ | 1,717,575 |
Net investment income | 23,109 |  |  | 1,947 |  |  | 1,373 |  |  | 3,090 |  |  | 219,490 |  |  | (26,800 | ) |  | 222,209 |
Net foreign exchange (losses) gains | (1 | ) |  | — |  |  | — |  |  | — |  |  | 10,629 |  |  | — |  |  | 10,628 |
Equity in (losses) earnings of other ventures | — |  |  | — |  |  | — |  |  | (223 | ) |  | 8,253 |  |  | — |  |  | 8,030 |
Other income | — |  |  | — |  |  | — |  |  | — |  |  | 9,415 |  |  | — |  |  | 9,415 |
Net realized and unrealized (losses) gains on investments | (1,357 | ) |  | 9,621 |  |  | 4,916 |  |  | (479 | ) |  | 123,121 |  |  | — |  |  | 135,822 |
Total revenues | 21,751 |  |  | 11,568 |  |  | 6,289 |  |  | 2,388 |  |  | 2,088,483 |  |  | (26,800 | ) |  | 2,103,679 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | 1,861,428 |  |  | — |  |  | 1,861,428 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | 346,892 |  |  | — |  |  | 346,892 |
Operational expenses | 11,314 |  |  | 103 |  |  | 85 |  |  | 26,063 |  |  | 141,572 |  |  | (18,359 | ) |  | 160,778 |
Corporate expenses | 18,546 |  |  | — |  |  | — |  |  | — |  |  | 26 |  |  | — |  |  | 18,572 |
Interest expense | 1,572 |  |  | — |  |  | 2,461 |  |  | 31,657 |  |  | 10,075 |  |  | (1,572 | ) |  | 44,193 |
Total expenses | 31,432 |  |  | 103 |  |  | 2,546 |  |  | 57,720 |  |  | 2,359,993 |  |  | (19,931 | ) |  | 2,431,863 |
(Loss) income before equity in net (loss) income of subsidiaries and taxes | (9,681 | ) |  | 11,465 |  |  | 3,743 |  |  | (55,332 | ) |  | (271,510 | ) |  | (6,869 | ) |  | (328,184 | )
Equity in net (loss) income of subsidiaries | (212,708 | ) |  | 756 |  |  | 28,028 |  |  | 9,298 |  |  | — |  |  | 174,626 |  |  | — |
(Loss) income before taxes | (222,389 | ) |  | 12,221 |  |  | 31,771 |  |  | (46,034 | ) |  | (271,510 | ) |  | 167,757 |  |  | (328,184 | )
Income tax (expense) benefit | — |  |  | (18,147 | ) |  | (1,175 | ) |  | 7,163 |  |  | (14,328 | ) |  | — |  |  | (26,487 | )
Net (loss) income | (222,389 | ) |  | (5,926 | ) |  | 30,596 |  |  | (38,871 | ) |  | (285,838 | ) |  | 167,757 |  |  | (354,671 | )
Net loss attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | 132,282 |  |  | — |  |  | 132,282 |
Net (loss) income attributable to RenaissanceRe | (222,389 | ) |  | (5,926 | ) |  | 30,596 |  |  | (38,871 | ) |  | (153,556 | ) |  | 167,757 |  |  | (222,389 | )
Dividends on preference shares | (22,381 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (22,381 | )
Net (loss) income (attributable) available to RenaissanceRe common shareholders | $ | (244,770 | ) |  | $ | (5,926 | ) |  | $ | 30,596 |  |  | $ | (38,871 | ) |  | $ | (153,556 | ) |  | $ | 167,757 |  |  | $ | (244,770 | )
(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 year ended December 31, 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 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,976,129 |  |  | $ | — |  |  | $ | 1,976,129 |
Net investment income | 24,791 |  |  | 2,193 |  |  | 6,219 |  |  | 261,192 |  |  | (32,529 | ) |  | 261,866 |
Net foreign exchange losses | (3 | ) |  | — |  |  | — |  |  | (12,425 | ) |  | — |  |  | (12,428 | )
Equity in earnings of other ventures | — |  |  | — |  |  | 3,065 |  |  | 15,409 |  |  | — |  |  | 18,474 |
Other income | — |  |  | — |  |  | — |  |  | 5,969 |  |  | — |  |  | 5,969 |
Net realized and unrealized gains (losses) on investments | 633 |  |  | (4,360 | ) |  | (329 | ) |  | (171,013 | ) |  | — |  |  | (175,069 | )
Total revenues | 25,421 |  |  | (2,167 | ) |  | 8,955 |  |  | 2,075,261 |  |  | (32,529 | ) |  | 2,074,941 |
Expenses |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | 1,120,018 |  |  | — |  |  | 1,120,018 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | 432,989 |  |  | — |  |  | 432,989 |
Operational expenses | 7,679 |  |  | 110 |  |  | 34,534 |  |  | 164,605 |  |  | (28,661 | ) |  | 178,267 |
Corporate expenses | 25,190 |  |  | — |  |  | 7 |  |  | 3,103 |  |  | 5,683 |  |  | 33,983 |
Interest expense | 5,683 |  |  | — |  |  | 37,019 |  |  | 4,367 |  |  | — |  |  | 47,069 |
Total expenses | 38,552 |  |  | 110 |  |  | 71,560 |  |  | 1,725,082 |  |  | (22,978 | ) |  | 1,812,326 |
(Loss) income before equity in net income of subsidiaries and taxes | (13,131 | ) |  | (2,277 | ) |  | (62,605 | ) |  | 350,179 |  |  | (9,551 | ) |  | 262,615 |
Equity in net income of subsidiaries | 240,495 |  |  | 5,631 |  |  | 9,091 |  |  | — |  |  | (255,217 | ) |  | — |
Income (loss) before taxes | 227,364 |  |  | 3,354 |  |  | (53,514 | ) |  | 350,179 |  |  | (264,768 | ) |  | 262,615 |
Income tax benefit (expense) | — |  |  | 582 |  |  | 6,119 |  |  | (399 | ) |  | — |  |  | 6,302 |
Net income (loss) | 227,364 |  |  | 3,936 |  |  | (47,395 | ) |  | 349,780 |  |  | (264,768 | ) |  | 268,917 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | (41,553 | ) |  | — |  |  | (41,553 | )
Net income (loss) attributable to RenaissanceRe | 227,364 |  |  | 3,936 |  |  | (47,395 | ) |  | 308,227 |  |  | (264,768 | ) |  | 227,364 |
Dividends on preference shares | (30,088 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (30,088 | )
Net income (loss) available (attributable) to RenaissanceRe common shareholders | $ | 197,276 |  |  | $ | 3,936 |  |  | $ | (47,395 | ) |  | $ | 308,227 |  |  | $ | (264,768 | ) |  | $ | 197,276 |
(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 year ended December 31, 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) | $ | 227,364 |  |  | $ | 3,936 |  |  | $ | (47,395 | ) |  | $ | 349,780 |  |  | $ | (264,768 | ) |  | $ | 268,917 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | (1,657 | ) |  | — |  |  | (1,657 | )
Comprehensive income (loss) | 227,364 |  |  | 3,936 |  |  | (47,395 | ) |  | 348,123 |  |  | (264,768 | ) |  | 267,260 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | (41,553 | ) |  | — |  |  | (41,553 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | (41,553 | ) |  | — |  |  | (41,553 | )
Comprehensive income (loss) available (attributable) to RenaissanceRe | $ | 227,364 |  |  | $ | 3,936 |  |  | $ | (47,395 | ) |  | $ | 306,570 |  |  | $ | (264,768 | ) |  | $ | 225,707 |
Condensed Consolidating Statement of Comprehensive Income |
Condensed Consolidating Statement of Comprehensive (Loss) Income for the year ended December 31, 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 | $ | (222,389 | ) |  | $ | (5,926 | ) |  | $ | 30,596 |  |  | $ | (38,871 | ) |  | $ | (285,838 | ) |  | $ | 167,757 |  |  | $ | (354,671 | )
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | (909 | ) |  | — |  |  | (909 | )
Comprehensive (loss) income | (222,389 | ) |  | (5,926 | ) |  | 30,596 |  |  | (38,871 | ) |  | (286,747 | ) |  | 167,757 |  |  | (355,580 | )
Net loss attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | 132,282 |  |  | — |  |  | 132,282 |
Comprehensive loss attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | 132,282 |  |  | — |  |  | 132,282 |
Comprehensive (loss) income (attributable) available to RenaissanceRe | $ | (222,389 | ) |  | $ | (5,926 | ) |  | $ | 30,596 |  |  | $ | (38,871 | ) |  | $ | (154,465 | ) |  | $ | 167,757 |  |  | $ | (223,298 | )
(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 year ended December 31, 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) | $ | 227,364 |  |  | $ | 3,936 |  |  | $ | (47,395 | ) |  | $ | 349,780 |  |  | $ | (264,768 | ) |  | $ | 268,917 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | (1,657 | ) |  | — |  |  | (1,657 | )
Comprehensive income (loss) | 227,364 |  |  | 3,936 |  |  | (47,395 | ) |  | 348,123 |  |  | (264,768 | ) |  | 267,260 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | (41,553 | ) |  | — |  |  | (41,553 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | (41,553 | ) |  | — |  |  | (41,553 | )
Comprehensive income (loss) available (attributable) to RenaissanceRe | $ | 227,364 |  |  | $ | 3,936 |  |  | $ | (47,395 | ) |  | $ | 306,570 |  |  | $ | (264,768 | ) |  | $ | 225,707 |
(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 year ended 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
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 502,962 |  |  | $ | 8,002 |  |  | $ | 29,591 |  |  | $ | 1,922 |  |  | $ | 681,025 |  |  | $ | (593,454 | ) |  | $ | 630,048 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | (975 | ) |  | — |  |  | (975 | )
Comprehensive income | 502,962 |  |  | 8,002 |  |  | 29,591 |  |  | 1,922 |  |  | 680,050 |  |  | (593,454 | ) |  | 629,073 |
Net income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (127,086 | ) |  | — |  |  | (127,086 | )
Comprehensive income attributable to redeemable noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | (127,086 | ) |  | — |  |  | (127,086 | )
Comprehensive income attributable to RenaissanceRe | $ | 502,962 |  |  | $ | 8,002 |  |  | $ | 29,591 |  |  | $ | 1,922 |  |  | $ | 552,964 |  |  | $ | (593,454 | ) |  | $ | 501,987 |
(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 |
Condensed Consolidating Statement of Cash Flows for the year ended December 31, 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 | $ | (9,659 | ) |  | $ | 6,315 |  |  | $ | 62,645 |  |  | $ | 1,162,400 |  |  | $ | 1,221,701 |
Cash flows used in investing activities |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 384,818 |  |  | 97,272 |  |  | 56,518 |  |  | 11,046,968 |  |  | 11,585,576 |
Purchases of fixed maturity investments trading | (520,935 | ) |  | (72,292 | ) |  | (55,932 | ) |  | (11,840,813 | ) |  | (12,489,972 | )
Net (purchases) sales of equity investments trading | — |  |  | (1,308 | ) |  | — |  |  | 15,464 |  |  | 14,156 |
Net sales (purchases) of short term investments | 48,600 |  |  | (404 | ) |  | 455 |  |  | (1,485,040 | ) |  | (1,436,389 | )
Net purchases of other investments | — |  |  | — |  |  | — |  |  | (199,475 | ) |  | (199,475 | )
Net purchases of investments in other ventures | — |  |  | — |  |  | — |  |  | (21,473 | ) |  | (21,473 | )
Return of investment from investment in other ventures | — |  |  | — |  |  | — |  |  | 8,464 |  |  | 8,464 |
Net sales of other assets | — |  |  | — |  |  | — |  |  | 2,500 |  |  | 2,500 |
Dividends and return of capital from subsidiaries | 672,098 |  |  | — |  |  | — |  |  | (672,098 | ) |  | — |
Contributions to subsidiaries | (785,785 | ) |  | (16,847 | ) |  | (65,000 | ) |  | 867,632 |  |  | — |
Due (from) to subsidiary | (200,916 | ) |  | (9,525 | ) |  | 9,449 |  |  | 200,992 |  |  | — |
Net cash used in investing activities | (402,120 | ) |  | (3,104 | ) |  | (54,510 | ) |  | (2,076,879 | ) |  | (2,536,613 | )
Cash flows provided by financing activities |  |  |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (52,841 | ) |  | — |  |  | — |  |  | — |  |  | (52,841 | )
Dividends paid – preference shares | (30,088 | ) |  | — |  |  | — |  |  | — |  |  | (30,088 | )
RenaissanceRe common share issuance | 250,000 |  |  | — |  |  | — |  |  | — |  |  | 250,000 |
Issuance of preference shares, net of expenses | 241,448 |  |  | — |  |  | — |  |  | — |  |  | 241,448 |
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | — |  |  | 665,683 |  |  | 665,683 |
Taxes paid on withholding shares | (7,862 | ) |  | — |  |  | — |  |  | — |  |  | (7,862 | )
Net cash provided by financing activities | 400,657 |  |  | — |  |  | — |  |  | 665,683 |  |  | 1,066,340 |
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | — |  |  | (5,098 | ) |  | (5,098 | )
Net (decrease) increase in cash and cash equivalents | (11,122 | ) |  | 3,211 |  |  | 8,135 |  |  | (253,894 | ) |  | (253,670 | )
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 | $ | 3,534 |  |  | $ | 3,350 |  |  | $ | 9,604 |  |  | $ | 1,091,434 |  |  | $ | 1,107,922 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the year ended December 31, 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 | $ | (4,109 | ) |  | $ | (8,253 | ) |  | $ | (2,272 | ) |  | $ | (347,890 | ) |  | $ | 1,388,311 |  |  | $ | 1,025,787 |
Cash flows provided by (used in) investing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 261,601 |  |  | 100,248 |  |  | 289,741 |  |  | 288,900 |  |  | 8,550,179 |  |  | 9,490,669 |
Purchases of fixed maturity investments trading | (344,463 | ) |  | (99,568 | ) |  | (143,991 | ) |  | (275,778 | ) |  | (9,229,732 | ) |  | (10,093,532 | )
Net (purchases) sales of equity investments trading | — |  |  | (1,752 | ) |  | 85,324 |  |  | — |  |  | 32,265 |  |  | 115,837 |
Net sales (purchases) of short term investments | 243,571 |  |  | 114 |  |  | 41,299 |  |  | (493 | ) |  | 79,520 |  |  | 364,011 |
Net purchases of other investments | — |  |  | — |  |  | — |  |  | — |  |  | (19,419 | ) |  | (19,419 | )
Return of investment from investment in other ventures | — |  |  | — |  |  | — |  |  | — |  |  | 20,000 |  |  | 20,000 |
Dividends and return of capital from subsidiaries | 478,496 |  |  | 9,175 |  |  | — |  |  | 41,866 |  |  | (529,537 | ) |  | — |
Contributions to subsidiaries | (669,672 | ) |  | — |  |  | (26,649 | ) |  | (9,890 | ) |  | 706,211 |  |  | — |
Due to (from) subsidiaries | 319,646 |  |  | 13 |  |  | (123 | ) |  | (509 | ) |  | (319,027 | ) |  | — |
Net cash provided by (used in) investing activities | 289,179 |  |  | 8,230 |  |  | 245,601 |  |  | 44,096 |  |  | (709,540 | ) |  | (122,434 | )
Cash flows (used in) provided by financing activities |  |  |  |  |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (51,370 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (51,370 | )
Dividends paid – preference shares | (22,381 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (22,381 | )
RenaissanceRe common share repurchases | (188,591 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (188,591 | )
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 | — |  |  | — |  |  | — |  |  | — |  |  | 260,475 |  |  | 260,475 |
Taxes paid on withholding shares | (15,139 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (15,139 | )
Net cash (used in) provided by financing activities | (277,481 | ) |  | — |  |  | (250,000 | ) |  | 295,866 |  |  | 260,475 |  |  | 28,860 |
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | — |  |  | — |  |  | 8,222 |  |  | 8,222 |
Net increase (decrease) in cash and cash equivalents | 7,589 |  |  | (23 | ) |  | (6,671 | ) |  | (7,928 | ) |  | 947,468 |  |  | 940,435 |
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 | $ | 14,656 |  |  | $ | 139 |  |  | $ | — |  |  | $ | 1,469 |  |  | $ | 1,345,328 |  |  | $ | 1,361,592 |
(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the year ended 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) |  | RenaissanceRe Consolidated
Cash flows (used in) provided by operating activities |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (3,509 | ) |  | $ | 1,477 |  |  | $ | (14,501 | ) |  | $ | (34,607 | ) |  | $ | 535,912 |  |  | $ | 484,772 |
Cash flows provided by (used in) investing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 314,568 |  |  | 69,941 |  |  | 145,082 |  |  | — |  |  | 7,572,923 |  |  | 8,102,514 |
Purchases of fixed maturity investments trading | (336,345 | ) |  | (123,046 | ) |  | (291,053 | ) |  | — |  |  | (7,532,276 | ) |  | (8,282,720 | )
Proceeds from sales and maturities of fixed maturity investments available for sale | — |  |  | — |  |  | — |  |  | — |  |  | 17,692 |  |  | 17,692 |
Net (purchases) sales of equity investments trading | — |  |  | (2,389 | ) |  | 193,022 |  |  | — |  |  | (5,845 | ) |  | 184,788 |
Net (purchases) sales of short term investments | (111,814 | ) |  | 67,684 |  |  | (32,901 | ) |  | — |  |  | (41,586 | ) |  | (118,617 | )
Net purchases of other investments | — |  |  | — |  |  | — |  |  | — |  |  | (68,589 | ) |  | (68,589 | )
Net sales of other assets | — |  |  | — |  |  | — |  |  | — |  |  | 400 |  |  | 400 |
Dividends and return of capital from subsidiaries | 617,239 |  |  | 2,900 |  |  | — |  |  | 13,125 |  |  | (633,264 | ) |  | — |
Contributions to subsidiaries | (108,674 | ) |  | — |  |  | — |  |  | — |  |  | 108,674 |  |  | — |
Due to (from) subsidiary | 23,758 |  |  | (22,313 | ) |  | (81 | ) |  | 30,202 |  |  | (31,566 | ) |  | — |
Net cash provided by (used in) investing activities | 398,732 |  |  | (7,223 | ) |  | 14,069 |  |  | 43,327 |  |  | (613,437 | ) |  | (164,532 | )
Cash flows used in financing activities |  |  |  |  |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (51,583 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (51,583 | )
Dividends paid – preference shares | (22,381 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (22,381 | )
RenaissanceRe common share repurchases | (309,434 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (309,434 | )
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | — |  |  | — |  |  | (2,990 | ) |  | (2,990 | )
Taxes paid on withholding shares | (14,943 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (14,943 | )
Net cash used in financing activities | (398,341 | ) |  | — |  |  | — |  |  | — |  |  | (2,990 | ) |  | (401,331 | )
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | — |  |  | — |  |  | (4,637 | ) |  | (4,637 | )
Net (decrease) increase in cash and cash equivalents | (3,118 | ) |  | (5,746 | ) |  | (432 | ) |  | 8,720 |  |  | (85,152 | ) |  | (85,728 | )
Cash and cash equivalents, beginning of year | 10,185 |  |  | 5,908 |  |  | 7,103 |  |  | 677 |  |  | 483,012 |  |  | 506,885 |
Cash and cash equivalents, end of year | $ | 7,067 |  |  | $ | 162 |  |  | $ | 6,671 |  |  | $ | 9,397 |  |  | $ | 397,860 |  |  | $ | 421,157 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.

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