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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows provided by operating activities    
Net income $ 801,424 $ 909,927
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization, accretion and depreciation (1,922) (27,239)
Equity in undistributed earnings of other ventures (907) 1,754
Net realized and unrealized gains on investments (561,891) (395,655)
Loss on sale of RenaissanceRe UK 30,242 0
Change in:    
Premiums receivable (736,070) (625,031)
Prepaid reinsurance premiums (314,489) (216,064)
Reinsurance recoverable (96,159) 482,663
Deferred acquisition costs (33,383) 74,409
Reserve for claims and claim expenses 675,092 118,650
Unearned premiums 745,506 487,903
Reinsurance balances payable 1,089,733 738,442
Other (267,397) (285,327)
Net cash provided by operating activities 1,329,779 1,264,432
Cash flows used in investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 11,564,999 12,835,916
Purchases of fixed maturity investments trading (13,114,732) (13,403,711)
Net sales (purchases) of equity investments trading 1,842 (6,937)
Net purchases of short term investments (549,218) (1,362,151)
Net purchases of other investments (101,302) (130,476)
Net purchases of investments in other ventures (2,407) (2,341)
Return of investment from investment in other ventures 9,255 11,250
Net purchase of other assets 0 (4,108)
Net proceeds from sale of RenaissanceRe UK 136,744 0
Net purchase of TMR 0 (276,206)
Net cash used in investing activities (2,054,819) (2,338,764)
Cash flows provided by financing activities    
Dividends paid – RenaissanceRe common shares (50,785) (44,547)
Dividends paid – preference shares (23,634) (27,567)
RenaissanceRe common share issuance, net of expenses 1,095,507 0
RenaissanceRe common share repurchases (62,621) 0
Issuance of debt, net of expenses 0 396,411
Repayment of debt (250,000) 0
Redemption of 6.08% Series C preference shares (125,000) 0
Net third-party redeemable noncontrolling interest share transactions 59,104 515,952
Taxes paid on withholding shares (10,264) (7,229)
Net cash provided by financing activities 632,307 833,020
Effect of exchange rate changes on foreign currency cash 1,043 4,641
Net decrease in cash and cash equivalents (91,690) (236,671)
Cash and cash equivalents, beginning of period 1,379,068 1,107,922
Cash and cash equivalents, end of period $ 1,287,378 $ 871,251