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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows provided by operating activities    
Net income $ 909,927 $ 392,903
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization, accretion and depreciation (27,239) 30,936
Equity in undistributed earnings of other ventures 1,754 (13,016)
Net realized and unrealized (gains) losses on investments (396,586) 86,415
Net unrealized gains included in net investment income (7,284) (17,778)
Change in:    
Premiums receivable (625,031) (482,473)
Prepaid reinsurance premiums (216,064) (261,950)
Reinsurance recoverable 482,663 382,571
Deferred acquisition costs 74,409 (71,182)
Reserve for claims and claim expenses 118,650 (127,910)
Unearned premiums 487,903 581,242
Reinsurance balances payable 738,442 981,823
Other (277,112) (593,055)
Net cash provided by operating activities 1,264,432 888,526
Cash flows used in investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 12,835,916 8,221,481
Purchases of fixed maturity investments trading (13,403,711) (8,692,688)
Net (purchases) sales of equity investments trading (6,937) 15,490
Net purchases of short term investments (1,362,151) (1,465,451)
Net purchases of other investments (130,476) (130,649)
Net purchases of investments in other ventures (2,341) (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 (2,338,764) (2,064,305)
Cash flows provided by financing activities    
Dividends paid – RenaissanceRe common shares (44,547) (39,611)
Dividends paid – preference shares (27,567) (20,899)
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 515,952 96,021
Taxes paid on withholding shares (7,229) (7,079)
Net cash provided by financing activities 833,020 270,803
Effect of exchange rate changes on foreign currency cash 4,641 (3,575)
Net decrease in cash and cash equivalents (236,671) (908,551)
Cash and cash equivalents, beginning of period 1,107,922 1,361,592
Cash and cash equivalents, end of period $ 871,251 $ 453,041