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Debt and Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

A summary of the Company’s debt obligations on its consolidated balance sheets is set forth below:

						September 30, 2020												December 31, 2019
						Fair Value						Carrying Value						Fair Value						Carrying Value
			3.600% Senior Notes due 2029			$	451,056					$	392,161					$	424,920					$	391,475
			3.450% Senior Notes due 2027			329,331						296,662						314,070						296,292
			3.700% Senior Notes due 2025			316,536						298,335						318,567						298,057
			5.75% Senior Notes due 2020			—						—						251,030						249,931
			4.750% Senior Notes due 2025 (DaVinciRe) (1)			164,481						148,582						160,031						148,350
			Total debt			$	1,261,404					$	1,135,740					$	1,468,618					$	1,384,105

(1)     RenaissanceRe owns a noncontrolling economic interest in its joint venture DaVinciRe. Because RenaissanceRe controls a majority of DaVinciRe’s outstanding voting rights, the consolidated financial statements of DaVinciRe are included in the consolidated financial statements of RenaissanceRe. However, RenaissanceRe does not guarantee or provide credit support for DaVinciRe and RenaissanceRe’s financial exposure to DaVinciRe is limited to its investment in DaVinciRe’s shares and counterparty credit risk arising from reinsurance transactions.

Schedule of Line of Credit Facilities

The outstanding amounts issued or drawn under each of the Company’s significant credit facilities is set forth below:

			At September 30, 2020			Issued or Drawn
			Revolving Credit Facility (1)			$	—
			Bilateral Letter of Credit Facilities
			Secured			330,356
			Unsecured			346,459
			Funds at Lloyd’s Letter of Credit Facility			290,000
						$	966,815

(1)     At September 30, 2020, no amounts were issued or drawn under this facility.

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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