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Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2020
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet
at December 31, 2020
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe Finance, Inc. (Subsidiary Issuer)Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
Consolidating
Adjustments 
(2)
RenaissanceRe
Consolidated
Assets
Total investments
$140,182 $48,981 $20,369,013 $— $20,558,176 
Cash and cash equivalents
29,830 16,205 1,690,778 — 1,736,813 
Investments in subsidiaries
6,757,962 1,521,829 700,249 (8,980,040)— 
Due from subsidiaries and affiliates
2,435 (102,618)100,183 — — 
Premiums receivable
— — 2,894,631 — 2,894,631 
Prepaid reinsurance premiums
— — 823,582 — 823,582 
Reinsurance recoverable
— — 2,926,010 — 2,926,010 
Accrued investment income
34 35 66,674 — 66,743 
Deferred acquisition costs and value of business acquired
— — 633,521 — 633,521 
Receivable for investments sold
18 — 568,275 — 568,293 
Other assets
932,153 13,315 510,179 (1,092,477)363,170 
Goodwill and other intangible assets
112,110 — 137,531 — 249,641 
Total assets$7,974,724 $1,497,747 $31,420,626 $(10,072,517)$30,820,580 
Liabilities, Noncontrolling Interests and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses
$— $— $10,381,138 $— $10,381,138 
Unearned premiums
— — 2,763,599 — 2,763,599 
Debt
392,391 846,277 986,609 (1,089,012)1,136,265 
Reinsurance balances payable
— — 3,488,352 — 3,488,352 
Payable for investments purchased
— — 1,132,538 — 1,132,538 
Other liabilities
22,085 2,020 3,868,855 (2,922,839)970,121 
Total liabilities414,476 848,297 22,621,091 (4,011,851)19,872,013 
Redeemable noncontrolling interests
— — 3,388,319 — 3,388,319 
Shareholders’ Equity
Total shareholders’ equity
7,560,248 649,450 5,411,216 (6,060,666)7,560,248 
Total liabilities, noncontrolling interests and shareholders’ equity
$7,974,724 $1,497,747 $31,420,626 $(10,072,517)$30,820,580 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Balance Sheet
at December 31, 2019
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe Finance, Inc. (Subsidiary Issuer)Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
Consolidating
Adjustments 
(2)
RenaissanceRe
Consolidated
Assets
Total investments
$190,451 $288,137 $16,890,201 $— $17,368,789 
Cash and cash equivalents
26,460 8,731 1,343,877 — 1,379,068 
Investments in subsidiaries
5,204,260 1,426,838 48,247 (6,679,345)— 
Due from subsidiaries and affiliates
10,725 — 101,579 (112,304)— 
Premiums receivable
— — 2,599,896 — 2,599,896 
Prepaid reinsurance premiums
— — 767,781 — 767,781 
Reinsurance recoverable
— — 2,791,297 — 2,791,297 
Accrued investment income
— 1,171 71,290 — 72,461 
Deferred acquisition costs
— — 663,991 — 663,991 
Receivable for investments sold
173 — 78,196 — 78,369 
Other assets
847,406 12,211 312,556 (825,957)346,216 
Goodwill and other intangible assets
116,212 — 146,014 — 262,226 
Total assets$6,395,687 $1,737,088 $25,814,925 $(7,617,606)$26,330,094 
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses
$— $— $9,384,349 $— $9,384,349 
Unearned premiums
— — 2,530,975 — 2,530,975 
Debt
391,475 970,255 148,349 (125,974)1,384,105 
Amounts due to subsidiaries and affiliates
6,708 102,493 51 (109,252)— 
Reinsurance balances payable
— — 2,830,691 — 2,830,691 
Payable for investments purchased
— — 225,275 — 225,275 
Other liabilities
26,137 14,162 899,960 (8,235)932,024 
Total liabilities424,320 1,086,910 16,019,650 (243,461)17,287,419 
Redeemable noncontrolling interests
— — 3,071,308 — 3,071,308 
Shareholders’ Equity
Total shareholders’ equity
5,971,367 650,178 6,723,967 (7,374,145)5,971,367 
Total liabilities, redeemable noncontrolling interest and shareholders’ equity
$6,395,687 $1,737,088 $25,814,925 $(7,617,606)$26,330,094 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations
Condensed Consolidating Statement of Operations for the year ended December 31, 2020RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe Finance, Inc. (Subsidiary Issuer)Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
Consolidating
Adjustments 
(2)
RenaissanceRe
Consolidated
Revenues
Net premiums earned
$— $— $3,952,462 $— $3,952,462 
Net investment income
40,502 1,010 355,466 (42,940)354,038 
Net foreign exchange gains (losses)
10,729 — 17,255 (211)27,773 
Equity in earnings of other ventures
— 3,103 14,091 — 17,194 
Other income
— — 29,430 (29,217)213 
Net realized and unrealized (losses) gains on investments(4,556)109 825,083 — 820,636 
Total revenues46,675 4,222 5,193,787 (72,368)5,172,316 
Expenses
Net claims and claim expenses incurred
— — 2,924,609 — 2,924,609 
Acquisition expenses— — 897,677 — 897,677 
Operational expenses8,016 32,945 194,943 (29,217)206,687 
Corporate expenses47,223 15 49,732 — 96,970 
Interest expense15,583 30,864 46,900 (42,894)50,453 
Total expenses70,822 63,824 4,113,861 (72,111)4,176,396 
(Loss) income before equity in net income (loss) of subsidiaries and taxes(24,147)(59,602)1,079,926 (257)995,920 
Equity in net income (loss) of subsidiaries786,552 47,295 (102,884)(730,963)— 
Income (loss) before taxes762,405 (12,307)977,042 (731,220)995,920 
Income tax benefit (expense)— 12,015 (14,877)— (2,862)
Net income (loss)762,405 (292)962,165 (731,220)993,058 
Net income attributable to redeemable noncontrolling interests
— — (230,653)— (230,653)
Net income (loss) attributable to RenaissanceRe762,405 (292)731,512 (731,220)762,405 
Dividends on preference shares
(30,923)— — — (30,923)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$731,482 $(292)$731,512 $(731,220)$731,482 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations for the year ended December 31, 2019RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe
Finance, Inc.
(Subsidiary
Issuer)
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
Consolidating
Adjustments 
(2)
RenaissanceRe
Consolidated
Revenues
Net premiums earned
$— $— $3,338,403 $— $3,338,403 
Net investment income
39,629 7,547 422,194 (45,163)424,207 
Net foreign exchange gains (losses)7,342 — (10,280)— (2,938)
Equity in earnings of other ventures
— 3,886 19,338 — 23,224 
Other income— — 4,949 — 4,949 
Net realized and unrealized gains on investments12,393 151 401,565 — 414,109 
Total revenues59,364 11,584 4,176,169 (45,163)4,201,954 
Expenses
Net claims and claim expenses incurred
— — 2,097,021 — 2,097,021 
Acquisition expenses
— — 762,232 — 762,232 
Operational expenses
7,506 38,487 208,037 (31,297)222,733 
Corporate expenses
58,393 16 43,413 (7,700)94,122 
Interest expense
18,086 37,993 2,285 — 58,364 
Total expenses83,985 76,496 3,112,988 (38,997)3,234,472 
(Loss) income before equity in net income of subsidiaries and taxes(24,621)(64,912)1,063,181 (6,166)967,482 
Equity in net income of subsidiaries773,419 99,148 5,611 (878,178)— 
Income before taxes748,798 34,236 1,068,792 (884,344)967,482 
Income tax benefit (expense)
— 6,510 (23,725)— (17,215)
Net income748,798 40,746 1,045,067 (884,344)950,267 
Net income attributable to redeemable noncontrolling interests
— — (201,469)— (201,469)
Net income attributable to RenaissanceRe748,798 40,746 843,598 (884,344)748,798 
Dividends on preference shares
(36,756)— — — (36,756)
Net income available to RenaissanceRe common shareholders$712,042 $40,746 $843,598 $(884,344)$712,042 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)    Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations
for the year ended December 31, 2018
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe
Finance, Inc.
(Subsidiary
Issuer)
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
Consolidating
Adjustments
(2)
RenaissanceRe
Consolidated
Revenues
Net premiums earned
$— $— $1,976,129 $— $1,976,129 
Net investment income
24,791 6,219 269,291 (32,529)269,965 
Net foreign exchange losses(3)— (12,425)— (12,428)
Equity in earnings of other ventures— 3,065 15,409 — 18,474 
Other income
— — 5,969 — 5,969 
Net realized and unrealized gains (losses) on investments633 (329)(179,112)— (183,168)
Total revenues25,421 8,955 2,075,261 (32,529)2,074,941 
Expenses
Net claims and claim expenses incurred
— — 1,120,018 — 1,120,018 
Acquisition expenses
— — 432,989 — 432,989 
Operational expenses
7,679 34,534 164,605 (28,661)178,267 
Corporate expenses
25,190 3,103 5,683 33,983 
Interest expense5,683 37,019 4,367 — 47,069 
Total expenses38,552 71,560 1,725,082 (22,978)1,812,326 
(Loss) income before equity in net income of subsidiaries and taxes(13,131)(62,605)350,179 (9,551)262,615 
Equity in net income of subsidiaries240,495 9,091 — (255,217)— 
Income (loss) before taxes227,364 (53,514)350,179 (264,768)262,615 
Income tax benefit— 6,119 (399)— 6,302 
Net income (loss)227,364 (47,395)349,780 (264,768)268,917 
Net income attributable to redeemable noncontrolling interests— — (41,553)— (41,553)
Net income (loss) attributable to RenaissanceRe227,364 (47,395)308,227 (264,768)227,364 
Dividends on preference shares
(30,088)— — — (30,088)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$197,276 $(47,395)$308,227 $(264,768)$197,276 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)    Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income
Condensed Consolidating Statement of Comprehensive Income (Loss) for the twelve months ended December 31, 2020RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe Finance, Inc. (Subsidiary Issuer)Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
Consolidating
Adjustments 
(2)
RenaissanceRe
Consolidated
Comprehensive income (loss)
Net income (loss) $762,405 $(292)$962,165 $(731,220)$993,058 
Change in net unrealized gains on investments, net of tax
606 (435)— 435 606 
Foreign currency translation adjustments, net of tax
(11,309)— (22,072)22,072 (11,309)
Comprehensive income
751,702 (727)940,093 (708,713)982,355 
Net income attributable to redeemable noncontrolling interests
— — (230,653)— (230,653)
Comprehensive income attributable to redeemable noncontrolling interests
— — (230,653)— (230,653)
Comprehensive income available to RenaissanceRe
$751,702 $(727)$709,440 $(708,713)$751,702 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income for the year ended December 31, 2019RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe
Finance, Inc.
(Subsidiary
Issuer)
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
Consolidating
Adjustments 
(2)
RenaissanceRe
Consolidated
Comprehensive income
Net income$748,798 $40,746 $1,045,067 $(884,344)$950,267 
Change in net unrealized gains on investments, net of tax
2,173 764 528 (1,292)2,173 
Comprehensive income748,292 41,510 1,045,595 (885,636)949,761 
Net income attributable to redeemable noncontrolling interests
— — (201,469)— (201,469)
Comprehensive income attributable to redeemable noncontrolling interests
— — (201,469)— (201,469)
Comprehensive income available to RenaissanceRe$748,292 $41,510 $844,126 $(885,636)$748,292 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)    Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income (Loss) for the year ended December 31, 2018RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe
Finance, Inc.
(Subsidiary
Issuer)
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
Consolidating
Adjustments
(2)
RenaissanceRe
Consolidated
Comprehensive income (loss)
Net income (loss)$227,364 $(47,395)$349,780 $(264,768)$268,917 
Change in net unrealized gains on investments, net of tax
(1,657)(162)— 322 (1,657)
Comprehensive income (loss)225,707 (47,557)349,780 (264,446)267,260 
Net income attributable to redeemable noncontrolling interests— — (41,553)— (41,553)
Comprehensive income attributable to redeemable noncontrolling interests— — (41,553)— (41,553)
Comprehensive income (loss) attributable to RenaissanceRe$225,707 $(47,557)$308,227 $(264,446)$225,707 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows for the year ended December 31, 2020RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe Finance, Inc. (Subsidiary Issuer)Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
RenaissanceRe
Consolidated
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities$18,191 $(59,160)$2,033,704 $1,992,735 
Cash flows provided by (used in) investing activities
Proceeds from sales and maturities of fixed maturity investments trading
370,905 52,954 14,763,093 15,186,952 
Purchases of fixed maturity investments trading
(384,415)(52,948)(16,399,175)(16,836,538)
Net purchases of equity investments trading
— — 829 829 
Net (purchases) sales of short term investments
64,209 238,376 (884,058)(581,473)
Net purchases of other investments
— — (216,760)(216,760)
Net purchases of investments in other ventures
— — (3,698)(3,698)
Return of investment from investment in other ventures
— — 9,255 9,255 
Dividends and return of capital from subsidiaries
827,626 124,105 (951,731)— 
Contributions to subsidiaries
(1,623,708)(172,000)1,795,708 — 
Due (to) from subsidiary(65,438)126,147 (60,709)— 
Net proceeds from sale of discontinued operations
— — 136,744 136,744 
Net cash provided by (used in) investing activities(810,821)316,634 (1,810,502)(2,304,689)
Cash flows provided by financing activities
Dividends paid – RenaissanceRe common shares
(68,490)— — (68,490)
Dividends paid – preference shares
(30,923)— — (30,923)
RenaissanceRe common share repurchases
(62,621)— — (62,621)
RenaissanceRe common share issuance
1,095,507 — — 1,095,507 
Redemption of preference shares(125,000)— — (125,000)
Repayment of debt
— (250,000)— (250,000)
Net third-party redeemable noncontrolling interest share transactions
— — 119,071 119,071 
Taxes paid on withholding shares
(12,330)— — (12,330)
Net cash provided by financing activities796,143 (250,000)119,071 665,214 
Effect of exchange rate changes on foreign currency cash
(143)— 4,628 4,485 
Net increase in cash and cash equivalents3,370 7,474 346,901 357,745 
Cash and cash equivalents, beginning of year26,460 8,731 1,343,877 1,379,068 
Cash and cash equivalents, end of year$29,830 $16,205 $1,690,778 $1,736,813 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the year ended December 31, 2019RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe
Finance, Inc.
(Subsidiary
Issuer)
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
RenaissanceRe
Consolidated
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities$(2,861)$366,934 $1,773,122 $2,137,195 
Cash flows used in investing activities
Proceeds from sales and maturities of fixed maturity investments trading
306,579 60,737 16,946,624 17,313,940 
Purchases of fixed maturity investments trading
(66,740)(33,577)(17,819,026)(17,919,343)
Net purchases of equity investments trading— — (7,841)(7,841)
Net purchases of short term investments(116,499)(283,717)(1,500,525)(1,900,741)
Net purchases of other investments
— — (202,878)(202,878)
Net purchases of investments in other ventures
— — (2,717)(2,717)
Return of investment from investment in other ventures
— — 11,250 11,250 
Net purchases of other assets— — (4,108)(4,108)
Dividends and return of capital from subsidiaries
1,400,944 13,500 (1,414,444)— 
Contributions to subsidiaries
(1,165,607)(125,000)1,290,607 — 
Due (to) from subsidiaries(625,924)250 625,674 — 
Net cash used in investing activities(267,247)(367,807)(2,353,590)(2,988,644)
Cash flows provided by financing activities
Dividends paid – RenaissanceRe common shares
(59,368)— — (59,368)
Dividends paid – preference shares
(36,756)— — (36,756)
Issuance of debt, net of expenses
396,411 — — 396,411 
Net third-party redeemable noncontrolling interest share transactions
— — 827,083 827,083 
Taxes paid on withholding shares
(7,253)— — (7,253)
Net cash provided by financing activities293,034 — 827,083 1,120,117 
Effect of exchange rate changes on foreign currency cash
— — 2,478 2,478 
Net increase (decrease) in cash and cash equivalents22,926 (873)249,093 271,146 
Cash and cash equivalents, beginning of year3,534 9,604 1,094,784 1,107,922 
Cash and cash equivalents, end of year$26,460 $8,731 $1,343,877 $1,379,068 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the year ended December 31, 2018RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
RenaissanceRe Finance, Inc. (Subsidiary Issuer)Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
RenaissanceRe
Consolidated
Cash flows provided by operating activities
Net cash provided by operating activities$17,187 $62,645 $1,141,869 $1,221,701 
Cash flows used in investing activities
Proceeds from sales and maturities of fixed maturity investments trading
384,818 56,518 11,144,240 11,585,576 
Purchases of fixed maturity investments trading
(520,935)(55,932)(11,913,105)(12,489,972)
Net sales of equity investments trading— — 14,156 14,156 
Net sales (purchases) of short term investments
48,600 455 (1,485,444)(1,436,389)
Net purchases of other investments
— — (199,475)(199,475)
Net purchases of investments in other ventures
— — (21,473)(21,473)
Net sales of other assets— — 2,500 2,500 
Return of investment from investment in other ventures— — 8,464 8,464 
Dividends and return of capital from subsidiaries
672,098 — (672,098)— 
Contributions to subsidiaries
(785,785)(65,000)850,785 — 
Due (to) from to subsidiary(227,762)9,449 218,313 — 
Net cash used in investing activities(428,966)(54,510)(2,053,137)(2,536,613)
Cash flows provided by financing activities
Dividends paid – RenaissanceRe common shares
(52,841)— — (52,841)
Dividends paid – preference shares
(30,088)— — (30,088)
RenaissanceRe common share issuance250,000 — — 250,000 
Issuance of preference shares, net of expenses241,448 — — 241,448 
Net third-party redeemable noncontrolling interest share transactions
— — 665,683 665,683 
Taxes paid on withholding shares
(7,862)— — (7,862)
Net cash provided by financing activities400,657 — 665,683 1,066,340 
Effect of exchange rate changes on foreign currency cash
— — (5,098)(5,098)
Net (decrease) increase in cash and cash equivalents(11,122)8,135 (250,683)(253,670)
Cash and cash equivalents, beginning of year
14,656 1,469 1,345,467 1,361,592 
Cash and cash equivalents, end of year
$3,534 $9,604 $1,094,784 $1,107,922 
(1)Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.