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Schedule II. Condensed Financial Information Of Registrant | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Registrant | SCHEDULE II RENAISSANCERE HOLDINGS LTD. CONDENSED FINANCIAL INFORMATION OF REGISTRANT RENAISSANCERE HOLDINGS LTD. BALANCE SHEETS AT DECEMBER 31, 2021 AND 2020 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| At December 31, |
| 2021 |  | 2020 |
Assets |  |  |  |
Fixed maturity investments trading, at fair value - amortized cost $0 at December 31, 2021 (2020 - $14,840) | $ | — |  |  | $ | 14,790 |  |
Short term investments, at fair value | 46,503 |  |  | 125,392 |  |
Cash and cash equivalents | 35,834 |  |  | 29,830 |  |
Investments in subsidiaries | 6,137,229 |  |  | 6,757,962 |  |
Due from subsidiaries | 9,468 |  |  | 2,435 |  |
Accrued investment income | 6 |  |  | 34 |  |
Receivable for investments sold | 3 |  |  | 18 |  |
Other assets | 859,176 |  |  | 932,153 |  |
Goodwill and other intangible assets | 108,261 |  |  | 112,110 |  |
Total assets | $ | 7,196,480 |  |  | $ | 7,974,724 |  |
Liabilities and Shareholders’ Equity |  |  |  |
Liabilities |  |  |  |
Notes and bank loans payable | $ | 393,306 |  |  | $ | 392,391 |  |
Due to subsidiaries | 156,353 |  |  | — |  |
Other liabilities | 22,540 |  |  | 22,085 |  |
Total liabilities | 572,199 |  |  | 414,476 |  |
Shareholders’ Equity |  |  |  |
Preference shares: $1.00 par value – 30,000 shares issued and outstanding at December 31, 2021 (2020 – 11,010,000) | 750,000 |  |  | 525,000 |  |
Common shares: $1.00 par value – 44,444,831 shares issued and outstanding at December 31, 2021 (2020 – 50,810,618) | 44,445 |  |  | 50,811 |  |
Additional paid-in capital | 608,121 |  |  | 1,623,206 |  |
Accumulated other comprehensive income (loss) | (10,909) |  |  | (12,642) |  |
Retained earnings | 5,232,624 |  |  | 5,373,873 |  |
Total shareholders’ equity | 6,624,281 |  |  | 7,560,248 |  |
Total liabilities and shareholders’ equity | $ | 7,196,480 |  |  | $ | 7,974,724 |  |
SCHEDULE II RENAISSANCERE HOLDINGS LTD. CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED RENAISSANCERE HOLDINGS LTD. STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 AND 2019 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Revenues |  |  |  |  |
Net investment income | $ | 38,347 |  |  | $ | 40,502 |  |  | $ | 39,629 |
Net foreign exchange gains (losses) | (10,740) |  |  | 10,729 |  |  | 7,342 |
Net realized and unrealized gains (losses) on investments | 6,212 |  |  | (4,556) |  |  | 12,393 |
Total revenues | 33,819 |  |  | 46,675 |  |  | 59,364 |
Expenses |  |  |  |  |
Interest expense | 15,315 |  |  | 15,583 |  |  | 18,086 |
Operational expenses | 12,043 |  |  | 8,016 |  |  | 7,506 |
Corporate expenses | 35,946 |  |  | 47,223 |  |  | 58,393 |
Total expenses | 63,304 |  |  | 70,822 |  |  | 83,985 |
Income (loss) before equity in net income of subsidiaries | (29,485) |  |  | (24,147) |  |  | (24,621) |
Equity in net income (loss) of subsidiaries | (10,670) |  |  | 786,552 |  |  | 773,419 |
Net income (loss) | (40,155) |  |  | 762,405 |  |  | 748,798 |
Dividends on preference shares | (33,266) |  |  | (30,923) |  |  | (36,756) |
Net income (loss) available (attributable) to RenaissanceRe common shareholders | $ | (73,421) |  |  | $ | 731,482 |  |  | $ | 712,042 |
RENAISSANCERE HOLDINGS LTD. STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 AND 2019 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Comprehensive income (loss) |  |  |  |  |
Net income (loss) | $ | (40,155) |  |  | $ | 762,405 |  |  | $ | 748,798 |
Change in net unrealized gains (losses) on investments, net of tax | (2,492) |  |  | 606 |  |  | 2,173 |
Foreign currency translation adjustments, net of tax | 4,225 |  |  | (11,309) |  |  | (2,679) |
Comprehensive income (loss) attributable to RenaissanceRe | $ | (38,422) |  |  | $ | 751,702 |  |  | $ | 748,292 |
SCHEDULE II RENAISSANCERE HOLDINGS LTD. CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED RENAISSANCERE HOLDINGS LTD. STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 AND 2019 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Cash flows provided by (used in) operating activities: |  |  |  |  |
Net income (loss) | $ | (40,155) |  |  | $ | 762,405 |  |  | $ | 748,798 |
Less: equity in net income of subsidiaries | 10,670 |  |  | (786,552) |  |  | (773,419) |
| (29,485) |  |  | (24,147) |  |  | (24,621) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities |  |  |  |  |
Net realized and unrealized (gains) losses on investments | 4,898 |  |  | 4,556 |  |  | (12,393) |
Other | 59,873 |  |  | 37,782 |  |  | 34,153 |
Net cash provided by (used in) operating activities | 35,286 |  |  | 18,191 |  |  | (2,861) |
Cash flows provided by (used in) investing activities: |  |  |  |  |
Proceeds from maturities and sales of fixed maturity investments trading | 436,122 |  |  | 370,905 |  |  | 306,579 |
Purchases of fixed maturity investments trading | (421,323) |  |  | (384,415) |  |  | (66,740) |
Net sales (purchases) of short term investments | 78,904 |  |  | 64,209 |  |  | (116,499) |
Dividends and return of capital from subsidiaries | 1,104,831 |  |  | 827,626 |  |  | 1,400,944 |
Contributions to subsidiaries | (351,548) |  |  | (1,623,708) |  |  | (1,165,607) |
Due (to) from subsidiary | 50,472 |  |  | (65,438) |  |  | (625,924) |
Net cash provided by (used in) investing activities | 897,458 |  |  | (810,821) |  |  | (267,247) |
Cash flows provided by (used in) financing activities: |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (67,828) |  |  | (68,490) |  |  | (59,368) |
Dividends paid – preference shares | (32,889) |  |  | (30,923) |  |  | (36,756) |
Issuance of debt, net of expenses | — |  |  | — |  |  | 396,411 |
RenaissanceRe common share repurchases | (1,027,505) |  |  | (62,621) |  |  | — |
RenaissanceRe common share issuance | — |  |  | 1,095,507 |  |  | — |
Redemption of preference shares | (275,000) |  |  | (125,000) |  |  | — |
Issuance of preference shares, net of expenses | 488,653 |  |  | — |  |  | — |
Taxes paid on withholding shares | (12,171) |  |  | (12,330) |  |  | (7,253) |
Net cash provided by (used in) financing activities | (926,740) |  |  | 796,143 |  |  | 293,034 |
Effect of exchange rate changes on foreign currency cash | — |  |  | (143) |  |  | — |
Net increase (decrease) in cash and cash equivalents | 6,004 |  |  | 3,370 |  |  | 22,926 |
Cash and cash equivalents, beginning of year | 29,830 |  |  | 26,460 |  |  | 3,534 |
Cash and cash equivalents, end of year | $ | 35,834 |  |  | $ | 29,830 |  |  | $ | 26,460 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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