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Schedule II. Condensed Financial Information Of Registrant
 12 Months Ended
Dec. 31, 2023
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, 2023 AND 2022
(PARENT COMPANY)
(THOUSANDS OF UNITED STATES DOLLARS)
 
 At December 31,
 20232022
Assets
Fixed maturity investments trading, at fair value - amortized cost $0 at December 31, 2023 (2022 - $176,084)
$— $175,842 
Short term investments, at fair value - amortized cost $277,917 at December 31, 2023 (2022 - $61,747)
277,917 61,747 
Total investments277,917 237,589 
Cash and cash equivalents
45,080 7,048 
Investments in subsidiaries
9,632,226 4,477,418 
Due from subsidiaries
52,816 6,575 
Dividends due from subsidiaries
— — 
Accrued investment income
— 874 
Receivable for investments sold
2,849 80,327 
Other assets
660,818 898,553 
Deferred tax asset
33,646 — 
Goodwill and other intangible assets
101,509 104,718 
Total assets$10,806,861 $5,813,102 
Liabilities and Shareholders’ Equity
Liabilities
Notes and bank loans payable
$1,136,260 $394,221 
Due to subsidiaries
136,729 9,413 
Payable for investments purchased
— 74,428 
Other liabilities
78,915 9,766 
Total liabilities1,351,904 487,828 
Shareholders’ Equity
Preference shares: $1.00 par value – 30,000 shares issued and outstanding at December 31, 2023 (2022 – 30,000)
750,000 750,000 
Common shares: $1.00 par value – 52,693,887 shares issued and outstanding at December 31, 2023 (2022 – 43,717,836)
52,694 43,718 
Additional paid-in capital2,144,459 475,647 
Accumulated other comprehensive income (loss)(14,211)(15,462)
Retained earnings6,522,015 4,071,371 
Total shareholders’ equity9,454,957 5,325,274 
Total liabilities and shareholders’ equity$10,806,861 $5,813,102 
SCHEDULE II
RENAISSANCERE HOLDINGS LTD.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED
 
RENAISSANCERE HOLDINGS LTD.
STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
(PARENT COMPANY)
(THOUSANDS OF UNITED STATES DOLLARS) 
 Year ended December 31,
 202320222021
Revenues
Net investment income
$97,395 $46,966 $38,347 
Net foreign exchange gains (losses)
1,129 (46,796)(10,740)
Other loss
(907)— — 
Net realized and unrealized gains (losses) on investments(73,572)(3,017)6,212 
Total revenues24,045 (2,847)33,819 
Expenses
Interest expense
40,416 15,315 15,315 
Operational expenses
32,066 14,818 12,043 
Corporate expenses
98,493 39,614 35,946 
Total expenses170,975 69,747 63,304 
Income (loss) before equity in net income of subsidiaries(146,930)(72,594)(29,485)
Equity in net income (loss) of subsidiaries2,708,061 (988,610)(10,670)
Net income (loss)2,561,131 (1,061,204)(40,155)
Dividends on preference shares
(35,375)(35,375)(33,266)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$2,525,756 $(1,096,579)$(73,421)

RENAISSANCERE HOLDINGS LTD.
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
(PARENT COMPANY)
(THOUSANDS OF UNITED STATES DOLLARS) 
Year ended December 31,
202320222021
Comprehensive income (loss)
Net income (loss)$2,561,131 $(1,061,204)$(40,155)
Change in net unrealized gains (losses) on investments, net of tax1,082 (4,923)(2,492)
Foreign currency translation adjustments, net of tax169 370 4,225 
Comprehensive income (loss) attributable to RenaissanceRe$2,562,382 $(1,065,757)$(38,422)
SCHEDULE II
RENAISSANCERE HOLDINGS LTD.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED
 
RENAISSANCERE HOLDINGS LTD.
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
(PARENT COMPANY)
(THOUSANDS OF UNITED STATES DOLLARS)
 Year ended December 31,
 202320222021
Cash flows provided by (used in) operating activities:
Net income (loss)$2,561,131 $(1,061,204)$(40,155)
Less: equity in net income of subsidiaries(2,708,061)988,610 10,670 
(146,930)(72,594)(29,485)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Net realized and unrealized (gains) losses on investments$67,868 2,051 4,898 
Other$72,691 36,601 59,873 
Net cash provided by (used in) operating activities(6,371)(33,942)35,286 
Cash flows provided by (used in) investing activities:
Proceeds from maturities and sales of fixed maturity investments trading1,613,740 198,341 436,122 
Purchases of fixed maturity investments trading(1,505,160)(375,804)(421,323)
Net sales (purchases) of short term investments(211,370)(21,037)78,904 
Dividends and return of capital from subsidiaries1,097,301 1,009,108 1,104,831 
Contributions to subsidiaries(169,204)(349,336)(351,548)
Due to (from) subsidiary
(7,088)(178,470)50,472 
Due to (from) subsidiary for the purchase of Validus Specialty
(45,467)— — 
Purchase of Validus Holdings and Talbot
(2,689,533)— — 
Net cash provided by (used in) investing activities(1,916,781)282,802 897,458 
Cash flows provided by (used in) financing activities:
Dividends paid – RenaissanceRe common shares(75,112)(64,675)(67,828)
Dividends paid – preference shares(35,375)(35,396)(32,889)
Issuance of debt, net of expenses740,581 — — 
RenaissanceRe common share repurchases— (166,664)(1,027,505)
RenaissanceRe common share issuance1,351,608 — — 
Redemption of preference shares— — (275,000)
Issuance of preference shares, net of expenses— — 488,653 
Taxes paid on withholding shares(20,518)(10,911)(12,171)
Net cash provided by (used in) financing activities1,961,184 (277,646)(926,740)
Effect of exchange rate changes on foreign currency cash— — — 
Net increase (decrease) in cash and cash equivalents38,032 (28,786)6,004 
Cash and cash equivalents, beginning of year7,048 35,834 29,830 
Cash and cash equivalents, end of year$45,080 $7,048 $35,834