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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows provided by operating activities    
Net income $ 801,983 $ 344,074
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization, accretion and depreciation (16,529) 24,741
Equity in undistributed earnings of other ventures 5,380 (7,262)
Net realized and unrealized (gains) losses on investments (364,648) 100,045
Net unrealized gains included in net investment income (2,181) (8,714)
Change in:    
Premiums receivable (965,765) (655,025)
Prepaid reinsurance premiums (402,551) (391,955)
Reinsurance recoverable 55,812 131,639
Deferred acquisition costs 1,911 (84,604)
Reserve for claims and claim expenses 1,061 (378,063)
Unearned premiums 882,888 789,841
Reinsurance balances payable 1,107,889 1,095,944
Other (321,281) (611,550)
Net cash provided by operating activities 783,969 349,111
Cash flows used in investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 9,405,348 4,813,208
Purchases of fixed maturity investments trading (9,230,000) (5,014,011)
Net sales (purchases) of equity investments trading 125,597 (34,298)
Net purchases of short term investments (1,972,717) (1,062,422)
Net purchases of other investments (133,889) (111,921)
Net purchases of investments in other ventures (2,249) (20,952)
Return of investment from investment in other ventures 11,250 8,464
Net purchase of other assets (4,108) 0
Net purchase of the TMR Group Entities (276,206) 0
Net cash used in investing activities (2,076,974) (1,421,932)
Cash flows provided by financing activities    
Dividends paid – RenaissanceRe common shares (29,439) (26,468)
Dividends paid – preference shares (18,378) (11,191)
Issuance of debt, net of expenses 396,411 0
Issuance of preference shares, net of expenses 0 242,371
Net third party redeemable noncontrolling interest share transactions 514,732 64,534
Taxes paid on withholding shares (7,083) (7,044)
Net cash provided by financing activities 856,243 262,202
Effect of exchange rate changes on foreign currency cash (534) (2,501)
Net decrease in cash and cash equivalents (437,296) (813,120)
Cash and cash equivalents, beginning of period 1,107,922 1,361,592
Cash and cash equivalents, end of period $ 670,626 $ 548,472