XML 43 R36.htm IDEA: XBRL DOCUMENT

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2019

Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]

Condensed Consolidating Balance Sheets



Condensed Consolidating Balance Sheet at June 30, 2019	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	$	69,829		$	116,814	$	7,977	$	16,193,696		$	—		$	16,388,316
Cash and cash equivalents	5,196			3,676		4,456		657,298			—			670,626
Investments in subsidiaries	5,613,992			61,282		1,278,129		—			(6,953,403		)	—
Due from subsidiaries and affiliates	17,983			101,579		—		—			(119,562		)	—
Premiums receivable	—			—		—		3,140,688			—			3,140,688
Prepaid reinsurance premiums	—			—		—		1,158,534			—			1,158,534
Reinsurance recoverable	—			—		—		2,865,150			—			2,865,150
Accrued investment income	(153		)	258		5		76,839			—			76,949
Deferred acquisition costs	—			—		—		780,756			—			780,756
Receivable for investments sold	83			7		—		395,697			—			395,787
Other assets	805,017			14,172		317,709		(1,871,207		)	1,079,247			344,938
Goodwill and other intangible assets	118,344			—		—		146,873			—			265,217
Total assets	$	6,630,291		$	297,788	$	1,608,276	$	23,544,324		$	(5,993,718	)	$	26,086,961
Liabilities, Noncontrolling Interests and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—		$	—	$	—	$	8,484,848		$	—		$	8,484,848
Unearned premiums	—			—		—		3,362,520			—			3,362,520
Debt	691,016			—		843,680		148,194			(300,000		)	1,382,890
Amounts due to subsidiaries and affiliates	2,312			68		109,583		—			(111,963		)	—
Reinsurance balances payable	—			—		—		3,280,048			—			3,280,048
Payable for investments purchased	—			36		—		554,660			—			554,696
Other liabilities	24,121			308		14,036		368,521			(10,335		)	396,651
Total liabilities	717,449			412		967,299		16,198,791			(422,298		)	17,461,653
Redeemable noncontrolling interests	—			—		—		2,712,466			—			2,712,466
Shareholders’ Equity
Total shareholders’ equity	5,912,842			297,376		640,977		4,633,067			(5,571,420		)	5,912,842
Total liabilities, noncontrolling interests and shareholders’ equity	$	6,630,291		$	297,788	$	1,608,276	$	23,544,324		$	(5,993,718	)	$	26,086,961


(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, 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, Redeemable Noncontrolling Interest 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, redeemable noncontrolling interest 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 Statements of Operations



Condensed Consolidating Statement of Operations for the three months ended June 30, 2019	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	$	—		$	—		$	—		$	911,502		$	—		$	911,502
Net investment income	10,676			524			2,017			114,964			(12,349		)	115,832
Net foreign exchange (losses) gains	(6,059		)	—			—			15,368			—			9,309
Equity in earnings of other ventures	—			—			652			6,160			—			6,812
Other income	—			—			—			922			—			922
Net realized and unrealized gains on investments	4,516			6,063			102			183,322			—			194,003
Total revenues	9,133			6,587			2,771			1,232,238			(12,349		)	1,238,380
Expenses
Net claims and claim expenses incurred	—			—			—			453,373			—			453,373
Acquisition expenses	—			—			—			227,482			—			227,482
Operational expenses	2,135			16			8,607			21,190			27,866			59,814
Corporate expenses	3,842			—			9			18,084			1,912			23,847
Interest expense	5,693			—			9,254			587			—			15,534
Total expenses	11,670			16			17,870			720,716			29,778			780,050
(Loss) income before equity in net income of subsidiaries and taxes	(2,537		)	6,571			(15,099		)	511,522			(42,127		)	458,330
Equity in net income of subsidiaries	378,726			1,717			28,655			—			(409,098		)	—
Income before taxes	376,189			8,288			13,556			511,522			(451,225		)	458,330
Income tax benefit (expense)	854			(1,348		)	1,732			(10,713		)	—			(9,475		)
Net income	377,043			6,940			15,288			500,809			(451,225		)	448,855
Net income attributable to redeemable noncontrolling interests	—			—			—			(71,812		)	—			(71,812		)
Net income attributable to RenaissanceRe	377,043			6,940			15,288			428,997			(451,225		)	377,043
Dividends on preference shares	(9,189		)	—			—			—			—			(9,189		)
Net income available attributable to RenaissanceRe common shareholders	$	367,854		$	6,940		$	15,288		$	428,997		$	(451,225	)	$	367,854


(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, 2019	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
Net income	$	377,043	$	6,940	$	15,288	$	500,809		$	(451,225	)	$	448,855
Change in net unrealized gains on investments	—		—		—		1,309			—			1,309
Foreign currency translation adjustments, net of tax	—		—		—		(3,708		)	—			(3,708		)
Comprehensive income	377,043		6,940		15,288		498,410			(451,225		)	446,456
Net income attributable to redeemable noncontrolling interests	—		—		—		(71,812		)	—			(71,812		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—		(71,812		)	—			(71,812		)
Comprehensive income attributable to RenaissanceRe	$	377,043	$	6,940	$	15,288	$	426,598		$	(451,225	)	$	374,644


(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, 2019	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	$	—		$	—		$	—		$	1,461,530		$	—		$	1,461,530
Net investment income	18,953			1,119			4,077			194,296			(21,151		)	197,294
Net foreign exchange (losses) gains	(6,060		)	—			—			12,523			—			6,463
Equity in earnings of other ventures	—			—			1,617			9,856			—			11,473
Other income	—			—			—			4,093			—			4,093
Net realized and unrealized gains on investments	5,518			14,222			211			344,697			—			364,648
Total revenues	18,411			15,341			5,905			2,026,995			(21,151		)	2,045,501
Expenses
Net claims and claim expenses incurred	—			—			—			680,408			—			680,408
Acquisition expenses	—			—			—			351,433			—			351,433
Operational expenses	2,604			27			20,940			63,799			17,377			104,747
Corporate expenses	42,670			—			9			16,162			3,795			62,636
Interest expense	7,576			—			18,506			1,206			—			27,288
Total expenses	52,850			27			39,455			1,113,008			21,172			1,226,512
(Loss) income before equity in net income of subsidiaries and taxes	(34,439		)	15,314			(33,550		)	913,987			(42,323		)	818,989
Equity in net income of subsidiaries	693,613			2,545			62,187			—			(758,345		)	—
Income before taxes	659,174			17,859			28,637			913,987			(800,668		)	818,989
Income tax benefit (expense)	775			(3,153		)	3,394			(18,022		)	—			(17,006		)
Net income	659,949			14,706			32,031			895,965			(800,668		)	801,983
Net income attributable to redeemable noncontrolling interests	—			—			—			(142,034		)	—			(142,034		)
Net income attributable to RenaissanceRe	659,949			14,706			32,031			753,931			(800,668		)	659,949
Dividends on preference shares	(18,378		)	—			—			—			—			(18,378		)
Net income available to RenaissanceRe common shareholders	$	641,571		$	14,706		$	32,031		$	753,931		$	(800,668	)	$	641,571


(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, 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	$	—		$	—		$	—		$	429,385		$	—		$	429,385
Net investment income	5,927			577			1,206			71,257			(7,611		)	71,356
Net foreign exchange (losses) gains	(1		)	—			—			(10,686		)	—			(10,687		)
Equity in earnings of other ventures	—			—			544			5,282			—			5,826
Other income	—			—			—			1,225			—			1,225
Net realized and unrealized gains (losses) on investments	16			1,713			(67		)	(19,563		)	—			(17,901		)
Total revenues	5,942			2,290			1,683			476,900			(7,611		)	479,204
Expenses
Net claims and claim expenses incurred	—			—			—			60,167			—			60,167
Acquisition expenses	—			—			—			105,052			—			105,052
Operational expenses	2,668			21			8,174			33,106			(6,426		)	37,543
Corporate expenses	5,036			—			7			3,258			—			8,301
Interest expense	1,108			—			9,254			2,514			(1,108		)	11,768
Total expenses	8,812			21			17,435			204,097			(7,534		)	222,831
(Loss) income before equity in net income of subsidiaries and taxes	(2,870		)	2,269			(15,752		)	272,803			(77		)	256,373
Equity in net income of subsidiaries	202,525			716			21,152			—			(224,393		)	—
Income before taxes	199,655			2,985			5,400			272,803			(224,470		)	256,373
Income tax benefit (expense)	(2,271		)	(468		)	2,022			(3,789		)	—			(4,506		)
Net income	197,384			2,517			7,422			269,014			(224,470		)	251,867
Net income attributable to redeemable noncontrolling interests	—			—			—			(54,483		)	—			(54,483		)
Net income attributable to RenaissanceRe	197,384			2,517			7,422			214,531			(224,470		)	197,384
Dividends on preference shares	(5,596		)	—			—			—			—			(5,596		)
Net income available to RenaissanceRe common shareholders	$	191,788		$	2,517		$	7,422		$	214,531		$	(224,470	)	$	191,788


(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, 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
Net income	$	197,384	$	2,517	$	7,422	$	269,014		$	(224,470	)	$	251,867
Change in net unrealized gains on investments	—		—		—		(1,295		)	—			(1,295		)
Comprehensive income	197,384		2,517		7,422		267,719			(224,470		)	250,572
Net income attributable to redeemable noncontrolling interests	—		—		—		(54,483		)	—			(54,483		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—		(54,483		)	—			(54,483		)
Comprehensive income attributable to RenaissanceRe	$	197,384	$	2,517	$	7,422	$	213,236		$	(224,470	)	$	196,089


(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, 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	$	—		$	—		$	—		$	869,667		$	—		$	869,667
Net investment income	11,962			1,090			2,440			127,562			(15,222		)	127,832
Net foreign exchange losses	(4		)	—			—			(6,926		)	—			(6,930		)
Equity in earnings of other ventures	—			—			1,755			4,928			—			6,683
Other loss	—			—			—			(17		)	—			(17		)
Net realized and unrealized (losses) gains on investments	(645		)	427			(326		)	(99,501		)	—			(100,045		)
Total revenues	11,313			1,517			3,869			895,713			(15,222		)	897,190
Expenses
Net claims and claim expenses incurred	—			—			—			231,870			—			231,870
Acquisition expenses	—			—			—			202,763			—			202,763
Operational expenses	3,981			31			19,244			71,039			(15,480		)	78,815
Corporate expenses	8,720			—			7			6,307			—			15,034
Interest expense	2,216			—			18,506			5,029			(2,216		)	23,535
Total expenses	14,917			31			37,757			517,008			(17,696		)	552,017
(Loss) income before equity in net income of subsidiaries and taxes	(3,604		)	1,486			(33,888		)	378,705			2,474			345,173
Equity in net income of subsidiaries	264,951			1,550			17,339			—			(283,840		)	—
Income (loss) before taxes	261,347			3,036			(16,549		)	378,705			(281,366		)	345,173
Income tax (expense) benefit	(1,655		)	(247		)	3,837			(3,034		)	—			(1,099		)
Net income (loss)	259,692			2,789			(12,712		)	375,671			(281,366		)	344,074
Net income attributable to redeemable noncontrolling interests	—			—			—			(84,382		)	—			(84,382		)
Net income (loss) attributable to RenaissanceRe	259,692			2,789			(12,712		)	291,289			(281,366		)	259,692
Dividends on preference shares	(11,191		)	—			—			—			—			(11,191		)
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	248,501		$	2,789		$	(12,712	)	$	291,289		$	(281,366	)	$	248,501


(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)



Condensed Consolidating Statement of Comprehensive Income (Loss) for the six months ended June 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)	$	259,692	$	2,789	$	(12,712	)	$	375,671		$	(281,366	)	$	344,074
Change in net unrealized gains on investments	—		—		—			(1,325		)	—			(1,325		)
Comprehensive income (loss)	259,692		2,789		(12,712		)	374,346			(281,366		)	342,749
Net income attributable to redeemable noncontrolling interests	—		—		—			(84,382		)	—			(84,382		)
Comprehensive income attributable to noncontrolling interests	—		—		—			(84,382		)	—			(84,382		)
Comprehensive income (loss) attributable to RenaissanceRe	$	259,692	$	2,789	$	(12,712	)	$	289,964		$	(281,366	)	$	258,367


(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 30, 2019	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
Net income	$	659,949	$	14,706	$	32,031	$	895,965		$	(800,668	)	$	801,983
Change in net unrealized gains on investments	—		—		—		1,272			—			1,272
Foreign currency translation adjustments, net of tax	—		—		—		(3,708		)	—			(3,708		)
Comprehensive income	659,949		14,706		32,031		893,529			(800,668		)	799,547
Net income attributable to redeemable noncontrolling interests	—		—		—		(142,034		)	—			(142,034		)
Comprehensive income attributable to noncontrolling interests	—		—		—		(142,034		)	—			(142,034		)
Comprehensive income attributable to RenaissanceRe	$	659,949	$	14,706	$	32,031	$	751,495		$	(800,668	)	$	657,513


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


(2)	Includes Parent Guarantor, Subsidiary 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, 2019	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	$	(359,699	)	$	2,691		$	(33,592	)	$	1,174,569		$	783,969
Cash flows provided by (used in) investing activities
Proceeds from sales and maturities of fixed maturity investments trading	277,030			15,655			43,746			9,068,917			9,405,348
Purchases of fixed maturity investments trading	(36,905		)	(15,726		)	(14,098		)	(9,163,271		)	(9,230,000		)
Net (purchases) sales of equity investments trading	—			(2,450		)	—			128,047			125,597
Net sales (purchases) of short term investments	4,212			305			(8,544		)	(1,968,690		)	(1,972,717		)
Net purchases of other investments	—			—			—			(133,889		)	(133,889		)
Net purchases of investments in other ventures	—			—			—			(2,249		)	(2,249		)
Return of investment from investments in other ventures	—			—			—			11,250			11,250
Net purchases of other assets	—			—			—			(4,108		)	(4,108		)
Dividends and return of capital from subsidiaries	587,264			—			—			(587,264		)	—
Contributions to subsidiaries	(850,807		)	—			—			850,807			—
Due (from) to subsidiary	39,056			(149		)	7,340			(46,247		)	—
Net purchase of the TMR Group Entities	—			—			—			(276,206		)	(276,206		)
Net cash provided by (used in) investing activities	19,850			(2,365		)	28,444			(2,122,903		)	(2,076,974		)
Cash flows provided by financing activities
Dividends paid – RenaissanceRe common shares	(29,439		)	—			—			—			(29,439		)
Dividends paid – preference shares	(18,378		)	—			—			—			(18,378		)
Issuance of debt, net of expenses	396,411			—			—			—			396,411
Net third party redeemable noncontrolling interest share transactions	—			—			—			514,732			514,732
Taxes paid on withholding shares	(7,083		)	—			—			—			(7,083		)
Net cash provided by financing activities	341,511			—			—			514,732			856,243
Effect of exchange rate changes on foreign currency cash	—			—			—			(534		)	(534		)
Net increase (decrease) in cash and cash equivalents	1,662			326			(5,148		)	(434,136		)	(437,296		)
Cash and cash equivalents, beginning of period	3,534			3,350			9,604			1,091,434			1,107,922
Cash and cash equivalents, end of period	$	5,196		$	3,676		$	4,456		$	657,298		$	670,626


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



Condensed Consolidating Statement of Cash Flows for the six months ended June 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	$	(7,183	)	$	1,213		$	(32,605	)	$	387,686		$	349,111
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	120,555			62,334			35,946			4,594,373			4,813,208
Purchases of fixed maturity investments trading	(246,764		)	(46,047		)	(16,397		)	(4,704,803		)	(5,014,011		)
Net purchases of equity investments trading	—			(675		)	—			(33,623		)	(34,298		)
Net sales (purchases) of short term investments	56,048			(154		)	(5,001		)	(1,113,315		)	(1,062,422		)
Net purchases of other investments	—			—			—			(111,921		)	(111,921		)
Net purchases of investments in other ventures	—			—			—			(20,952		)	(20,952		)
Return of investment from investment in other ventures	—			—			—			8,464			8,464
Dividends and return of capital from subsidiaries	278,864			—			—			(278,864		)	—
Contributions to subsidiaries	(250,238		)	(16,848		)	—			267,086			—
Due (from) to subsidiaries	(161,104		)	50			21,333			139,721			—
Net cash (used in) provided by investing activities	(202,639		)	(1,340		)	35,881			(1,253,834		)	(1,421,932		)
Cash flows provided by financing activities
Dividends paid – RenaissanceRe common shares	(26,468		)	—			—			—			(26,468		)
Dividends paid – preference shares	(11,191		)	—			—			—			(11,191		)
Issuance of preference shares, net of expenses	242,371			—			—			—			242,371
Net third party redeemable noncontrolling interest share transactions	—			—			—			64,534			64,534
Taxes paid on withholding shares	(7,044		)	—			—			—			(7,044		)
Net cash provided by financing activities	197,668			—			—			64,534			262,202
Effect of exchange rate changes on foreign currency cash	—			—			—			(2,501		)	(2,501		)
Net (decrease) increase in cash and cash equivalents	(12,154		)	(127		)	3,276			(804,115		)	(813,120		)
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	$	2,502		$	12		$	4,745		$	541,213		$	548,472

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