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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows provided by (used in) operating activities    
Net income $ 353,128 $ 92,207
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Amortization, accretion and depreciation (3,606) 13,740
Equity in undistributed earnings of other ventures 5,965 (314)
Net realized and unrealized (gains) losses on investments (170,645) 82,144
Net unrealized gains included in net investment income (2,969) (1,465)
Change in:    
Premiums receivable (578,175) (380,008)
Prepaid reinsurance premiums (330,044) (261,375)
Reinsurance recoverable 12,619 14,309
Deferred acquisition costs (58,861) (50,459)
Reserve for claims and claim expenses (92,303) (167,681)
Unearned premiums 709,046 484,137
Reinsurance balances payable 837,333 769,858
Other (304,339) (632,442)
Net cash provided by (used in) operating activities 377,149 (37,349)
Cash flows used in investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 4,600,808 2,318,859
Purchases of fixed maturity investments trading (3,519,277) (2,312,461)
Net (purchases) sales of equity investments trading (4,601) 137
Net purchases of short term investments (1,374,632) (594,641)
Net purchases of other investments (51,811) (98,639)
Net purchases of investments in other ventures (1,573) (17,974)
Return of investment from investment in other ventures 11,250 0
Net purchase of the TMR Group Entities (276,206) 0
Net cash used in investing activities (616,042) (704,719)
Cash flows provided by financing activities    
Dividends paid – RenaissanceRe common shares (14,469) (13,224)
Dividends paid – preference shares (9,189) (5,595)
Drawdown of RenaissanceRe Revolving Credit Facility 200,000 0
Net third party redeemable noncontrolling interest share transactions (16,847) 52,759
Taxes paid on withholding shares (6,957) (7,034)
Net cash provided by financing activities 152,538 26,906
Effect of exchange rate changes on foreign currency cash (292) 1,543
Net decrease in cash and cash equivalents (86,647) (713,619)
Cash and cash equivalents, beginning of period 1,107,922 1,361,592
Cash and cash equivalents, end of period $ 1,021,275 $ 647,973