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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows provided by (used in) operating activities    
Net income (loss) $ 618,469 $ 840,290
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Amortization, accretion and depreciation 16,028 (32,948)
Equity in undistributed (earnings) losses of other ventures 9,373 5,568
Net realized and unrealized (gains) losses on investments 155,848 (267,289)
Change in:    
Premiums receivable (1,150,653) (794,230)
Prepaid reinsurance premiums (358,083) (109,419)
Reinsurance recoverable 350,606 4,254
Deferred acquisition costs and value of business acquired (70,726) (70,657)
Reserve for claims and claim expenses (117,259) 104,253
Unearned premiums 1,111,480 691,535
Reinsurance balances payable 167,660 61,379
Other (49,283) 2,972
Net cash provided by (used in) operating activities 683,460 435,708
Cash flows provided by (used in) investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 6,892,412 5,019,879
Purchases of fixed maturity investments trading (7,277,109) (5,159,348)
Proceeds from sales of equity investments 8 105,676
Purchases of equity investments (289) (1,599)
Proceeds from sales of short term investments 7,423,756 6,766,410
Purchases of short term investments (7,437,688) (7,246,835)
Proceeds from sales of other investments 288,262 52,814
Purchases of other investments (193,373) (212,337)
Purchases of investments in other ventures (643) (11,250)
Return of investment from investment in other ventures 214 1,893
Net cash provided by (used in) investing activities (304,450) (684,697)
Cash flows provided by (used in) financing activities    
Dividends paid – RenaissanceRe common shares (20,501) (16,615)
Dividends paid – preference shares (8,844) (8,950)
Repayment of debt (75,000) (30,000)
Subscriptions of third-party redeemable noncontrolling interest shares 71,242 253,390
Redemptions of third-party redeemable noncontrolling interest shares (590,149) (62,805)
Taxes paid on withholding shares (21,323) (18,729)
Net cash provided by (used in) financing activities (644,575) 116,291
Effect of exchange rate changes on foreign currency cash (5,214) 2,066
Net increase (decrease) in cash and cash equivalents (270,779) (130,632)
Cash and cash equivalents, beginning of period 1,877,518 1,194,339
Cash and cash equivalents, end of period $ 1,606,739 $ 1,063,707