XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.21.1

Debt and Credit Facilities | 3 Months Ended
--- | ---
Mar. 31, 2021
Debt Disclosure [Abstract] |
Debt and Credit Facilities | DEBT AND CREDIT FACILITIES There have been no material changes to the Company’s debt obligations and credit facilities as described in its Form 10-K for the year ended December 31, 2020. Debt Obligations A summary of the Company’s debt obligations on its consolidated balance sheets is set forth below:
|  | March 31, 2021 |  | December 31, 2020 |
|  | Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value |
| 3.600% Senior Notes due 2029 | $ | 431,360 |  |  | $ | 392,619 |  |  | $ | 453,932 |  |  | $ | 392,391 |  |
| 3.450% Senior Notes due 2027 | 323,262 |  |  | 296,909 |  |  | 329,661 |  |  | 296,787 |  |
| 3.700% Senior Notes due 2025 | 310,881 |  |  | 298,519 |  |  | 315,273 |  |  | 298,428 |  |
| 4.750% Senior Notes due 2025 (DaVinciRe) (1) | 165,746 |  |  | 148,736 |  |  | 162,203 |  |  | 148,659 |  |
| Total debt | $ | 1,231,249 |  |  | $ | 1,136,783 |  |  | $ | 1,261,069 |  |  | $ | 1,136,265 |  |
(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. Credit Facilities The outstanding amounts issued or drawn under each of the Company’s significant credit facilities is set forth below:
| At March 31, 2021 | Issued or Drawn |
| Revolving Credit Facility (1) | $ | — |  |
| Bilateral Letter of Credit Facilities |  |
| Secured | 392,116 |  |
| Unsecured | 488,532 |  |
| Funds at Lloyd’s Letter of Credit Facility | 225,000 |  |
|  | $ | 1,105,648 |  |
(1) At March 31, 2021, no amounts were issued or drawn under this facility.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration