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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows provided by operating activities    
Net (loss) income $ (391,716) $ 801,424
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Amortization, accretion and depreciation (16,420) (1,922)
Equity in undistributed losses (earnings) of other ventures 13,800 (907)
Net realized and unrealized losses (gains) on investments 200,092 (561,891)
Loss on sale of RenaissanceRe UK 0 30,242
Change in:    
Premiums receivable (1,247,268) (736,070)
Prepaid reinsurance premiums (313,974) (314,489)
Reinsurance recoverable (1,266,748) (96,159)
Deferred acquisition costs and value of business acquired (259,744) (33,383)
Reserve for claims and claim expenses 2,852,106 675,092
Unearned premiums 1,275,947 745,506
Reinsurance balances payable 475,785 1,089,733
Other (519,980) (267,397)
Net cash provided by operating activities 801,880 1,329,779
Cash flows used in investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 12,222,225 11,564,999
Purchases of fixed maturity investments trading (12,957,889) (13,114,732)
Net sales of equity investments trading 150,755 1,842
Net sales (purchases) of short term investments 363,895 (549,218)
Net purchases of other investments (421,318) (101,302)
Net purchases of investments in other ventures (20,908) (2,407)
Return of investment from investment in other ventures 8,345 9,255
Net proceeds from sale of RenaissanceRe UK 0 136,744
Net cash used in investing activities (654,895) (2,054,819)
Cash flows (used in) provided by financing activities    
Dividends paid – RenaissanceRe common shares (51,714) (50,785)
Dividends paid – preference shares (24,423) (23,634)
RenaissanceRe common share issuance, net of expenses 0 1,095,507
RenaissanceRe common share repurchases (704,465) (62,621)
Repayment of debt 0 (250,000)
Issuance of preference shares, net of expenses 488,889 0
Net third-party redeemable noncontrolling interest share transactions 128,839 59,104
Taxes paid on withholding shares (9,945) (10,264)
Net cash (used in) provided by financing activities (447,819) 632,307
Effect of exchange rate changes on foreign currency cash 4,755 1,043
Net decrease in cash and cash equivalents (296,079) (91,690)
Cash and cash equivalents, beginning of period 1,736,813 1,379,068
Cash and cash equivalents, end of period 1,440,734 1,287,378
Series C Preference Shares    
Cash flows (used in) provided by financing activities    
Redemption of 6.08% Series C preference shares 0 (125,000)
Series E Preference Shares    
Cash flows (used in) provided by financing activities    
Redemption of 6.08% Series C preference shares $ (275,000) $ 0