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Subsequent Events
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
During the first quarter of 2021, the Company resumed repurchases of its common shares and subsequent to December 31, 2020 through the period ended February 4, 2021, the Company repurchased 250,169 common shares in open market transactions at an aggregate cost of $38.7 million and an average share price of $154.75.
Effective January 1, 2021, DaVinciRe completed an equity capital raise of $250.0 million, comprised of $150.9 million from third-party investors and $99.1 million from RenaissanceRe. In addition, RenaissanceRe sold an aggregate of $40.0 million of its shares in DaVinciRe to third-party investors and purchased an aggregate of $156.7 million of shares from third-party investors. The Company’s noncontrolling economic ownership in DaVinciRe subsequent to these transactions was 28.7%, effective January 1, 2021.
Effective January 1, 2021, Upsilon RFO issued $470.3 million of non-voting preference shares to investors, including $32.3 million to the Company. Of the total amount, $620.3 million was received by the Company prior to December 31, 2020, with $150.0 million of that amount returned in January 2021. At December 31, 2020, $550.0 million, representing the amount received from investors other than the Company prior to December 31, 2020, is included in other liabilities on the Company's consolidated balance sheet, and also included in other operating cash flows on the Company's consolidated statements of cash flows for the year ended December 31, 2020. Effective January 1, 2021, the Company's participation in the risks assumed by Upsilon RFO was 12.4%.