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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows provided by (used in) operating activities    
Net income (loss) $ (397,481) $ (330,495)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities    
Amortization, accretion and depreciation (9,337) 1,747
Equity in undistributed (earnings) losses of other ventures 16,069 17,891
Net realized and unrealized (gains) losses on investments 632,729 360,424
Change in:    
Premiums receivable (1,069,971) (1,033,491)
Prepaid reinsurance premiums (331,260) (406,134)
Reinsurance recoverable (50,821) (234,657)
Deferred acquisition costs and value of business acquired (150,552) (153,420)
Reserve for claims and claim expenses 215,674 572,245
Unearned premiums 1,015,092 1,069,556
Reinsurance balances payable 458,694 766,293
Other (160,607) (423,421)
Net cash provided by (used in) operating activities 168,229 206,538
Cash flows provided by (used in) investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 3,958,948 3,469,130
Purchases of fixed maturity investments trading (4,405,789) (3,808,597)
Net sales (purchases) of equity investments trading (374,292) 128,020
Net sales (purchases) of short term investments 626,639 (111,085)
Net sales (purchases) of other investments (210,840) (127,661)
Net sales (purchases) of investments in other ventures (779) (15,542)
Return of investment from investment in other ventures 2,213 2,604
Net cash provided by (used in) investing activities (403,900) (463,131)
Cash flows provided by (used in) financing activities    
Dividends paid – RenaissanceRe common shares (16,241) (17,817)
Dividends paid – preference shares (8,940) (7,289)
RenaissanceRe common share repurchases (97,259) (171,645)
Net third-party redeemable noncontrolling interest share transactions 66,729 13,006
Taxes paid on withholding shares (10,782) (9,834)
Net cash provided by (used in) financing activities (66,493) (193,579)
Effect of exchange rate changes on foreign currency cash 6,201 20
Net increase (decrease) in cash and cash equivalents (295,963) (450,152)
Cash and cash equivalents, beginning of period 1,859,019 1,736,813
Cash and cash equivalents, end of period $ 1,563,056 $ 1,286,661