XML 159 R143.htm IDEA: XBRL DOCUMENT v3.20.4
Schedule II. Condensed Financial Information Of Registrant (Statements of Cash Flows) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows (used in) provided by operating activities                      
Net income (loss) attributable to RenaissanceRe $ 197,101 $ 55,088 $ 583,134 $ (72,918) $ 42,962 $ 45,887 $ 377,043 $ 282,906 $ 762,405 $ 748,798 $ 227,364
Less: equity in net income of subsidiaries                 0 0 0
Adjustments to reconcile net income to net cash provided by operating activities                      
Net realized and unrealized (gains) losses on investments (258,745) $ (224,208) $ (448,390) 110,707 (18,454) $ (34,394) $ (191,248) (170,013) (820,636) (414,109) 183,168
Other                 178,314 238,756 (223,070)
Net cash provided by operating activities                 1,992,735 2,137,195 1,221,701
Cash flows used in investing activities                      
Proceeds from maturities and sales of fixed maturity investments trading                 15,186,952 17,313,940 11,585,576
Purchases of fixed maturity investments trading                 (16,836,538) (17,919,343) (12,489,972)
Net purchases of short term investments                 (581,473) (1,900,741) (1,436,389)
Dividends and return of capital from subsidiaries                 0 0 0
Net cash used in investing activities                 (2,304,689) (2,988,644) (2,536,613)
Cash flows provided by financing activities                      
Dividends paid – RenaissanceRe common shares                 (68,490) (59,368) (52,841)
Dividends paid – preference shares                 (30,923) (36,756) (30,088)
Issuance of debt, net of expenses                 0 396,411 0
RenaissanceRe common share repurchases                 (62,621) 0 0
RenaissanceRe common share issuance                 1,095,507 0 250,000
Redemption of preference shares                 (125,000) 0 0
Issuance of preference shares, net of expenses                 0 0 241,448
Taxes paid on withholding shares                 (12,330) (7,253) (7,862)
Net cash provided by financing activities                 665,214 1,120,117 1,066,340
Effect of exchange rate changes on foreign currency cash                 4,485 2,478 (5,098)
Net increase (decrease) in cash and cash equivalents                 357,745 271,146 (253,670)
Cash and cash equivalents, beginning of year       1,379,068       1,107,922 1,379,068 1,107,922 1,361,592
Cash and cash equivalents, end of year 1,736,813       1,379,068       1,736,813 1,379,068 1,107,922
Parent Company                      
Cash flows (used in) provided by operating activities                      
Net income (loss) attributable to RenaissanceRe                 762,405 748,798 227,364
Less: equity in net income of subsidiaries                 (786,552) (773,419) (240,495)
Loss before equity in net income of subsidiaries                 (24,147) (24,621) (13,131)
Adjustments to reconcile net income to net cash provided by operating activities                      
Net realized and unrealized (gains) losses on investments                 4,556 (12,393) (633)
Other                 37,782 34,153 30,951
Net cash provided by operating activities                 18,191 (2,861) 17,187
Cash flows used in investing activities                      
Proceeds from maturities and sales of fixed maturity investments trading                 370,905 306,579 384,818
Purchases of fixed maturity investments trading                 (384,415) (66,740) (520,935)
Net purchases of short term investments                 64,209 (116,499) 48,600
Dividends and return of capital from subsidiaries                 827,626 1,400,944 672,098
Contributions to subsidiaries                 (1,623,708) (1,165,607) (785,785)
Due (to) from subsidiary                 (65,438) (625,924) (227,762)
Net cash used in investing activities                 (810,821) (267,247) (428,966)
Cash flows provided by financing activities                      
Dividends paid – RenaissanceRe common shares                 (68,490) (59,368) (52,841)
Dividends paid – preference shares                 (30,923) (36,756) (30,088)
Issuance of debt, net of expenses                 0 396,411 0
RenaissanceRe common share repurchases                 (62,621) 0 0
RenaissanceRe common share issuance                 1,095,507 0 250,000
Redemption of preference shares                 (125,000) 0 0
Issuance of preference shares, net of expenses                 0 0 241,448
Taxes paid on withholding shares                 (12,330) (7,253) (7,862)
Net cash provided by financing activities                 796,143 293,034 400,657
Effect of exchange rate changes on foreign currency cash                 (143) 0 0
Net increase (decrease) in cash and cash equivalents                 3,370 22,926 (11,122)
Cash and cash equivalents, beginning of year       $ 26,460       $ 3,534 26,460 3,534 14,656
Cash and cash equivalents, end of year $ 29,830       $ 26,460       $ 29,830 $ 26,460 $ 3,534