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SCHEDULE II. CONDENSED FINANCIAL INFORMATION OF REGISTRANT | 12 Months Ended
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Dec. 31, 2024
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, 2024 AND 2023 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| At December 31, |
| 2024 |  | 2023 |
Assets |  |  |  |
Fixed maturity investments trading, at fair value - amortized cost $153,742 at December 31, 2024 (2023 - $Nil) | $ | 153,504 |  |  | $ | — |  |
Short term investments, at fair value - amortized cost $131,232 at December 31, 2024 (2023 - $277,917) | 131,236 |  |  | 277,917 |  |
Total investments | 284,740 |  |  | 277,917 |  |
Cash and cash equivalents | 20,054 |  |  | 45,080 |  |
Investments in subsidiaries | 10,732,129 |  |  | 9,632,226 |  |
Due from subsidiaries | 7,919 |  |  | 52,816 |  |
Accrued investment income | 1,052 |  |  | — |  |
Deferred tax asset | 10,334 |  |  | 33,646 |  |
Receivable for investments sold | 1,329 |  |  | 2,849 |  |
Other assets | 681,322 |  |  | 660,818 |  |
Goodwill and other intangible assets | 98,662 |  |  | 101,509 |  |
Total assets | $ | 11,837,541 |  |  | $ | 10,806,861 |  |
Liabilities and Shareholders’ Equity |  |  |  |
Liabilities |  |  |  |
Debt | $ | 1,138,119 |  |  | $ | 1,136,260 |  |
Due to subsidiaries | 17,051 |  |  | 136,729 |  |
Other liabilities | 108,359 |  |  | 78,915 |  |
Total liabilities | 1,263,529 |  |  | 1,351,904 |  |
Shareholders’ Equity |  |  |  |
Preference shares: $1.00 par value - 30,000 shares issued and outstanding at December 31, 2024 (2023 - 30,000) | 750,000 |  |  | 750,000 |  |
Common shares: $1.00 par value - 50,180,987 shares issued and outstanding at December 31, 2024 (2023 - 52,693,887) | 50,181 |  |  | 52,694 |  |
Additional paid-in capital | 1,512,435 |  |  | 2,144,459 |  |
Accumulated other comprehensive income (loss) | (14,756) |  |  | (14,211) |  |
Retained earnings | 8,276,152 |  |  | 6,522,015 |  |
Total shareholders’ equity attributable to RenaissanceRe | 10,574,012 |  |  | 9,454,957 |  |
Total liabilities and shareholders’ equity | $ | 11,837,541 |  |  | $ | 10,806,861 |  |
SCHEDULE II RENAISSANCERE HOLDINGS LTD. CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED RENAISSANCERE HOLDINGS LTD. STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
Revenues |  |  |  |  |
Net investment income | $ | 58,166 |  |  | $ | 97,395 |  |  | $ | 46,966 |
Net foreign exchange gains (losses) | (23,916) |  |  | 1,129 |  |  | (46,796) |
Other income (loss) | (95) |  |  | (907) |  |  | — |
Net realized and unrealized gains (losses) on investments | (4,840) |  |  | (73,572) |  |  | (3,017) |
Total revenues | 29,315 |  |  | 24,045 |  |  | (2,847) |
Expenses |  |  |  |  |
Operational expenses | 15,866 |  |  | 32,066 |  |  | 14,818 |
Corporate expenses | 86,314 |  |  | 98,493 |  |  | 39,614 |
Interest expense | 59,384 |  |  | 40,416 |  |  | 15,315 |
Total expenses | 161,564 |  |  | 170,975 |  |  | 69,747 |
Income (loss) before equity in net income (loss) of subsidiaries | (132,249) |  |  | (146,930) |  |  | (72,594) |
Equity in net income (loss) of subsidiaries | 2,017,805 |  |  | 2,708,061 |  |  | (988,610) |
Income (loss) before taxes | 1,885,556 |  |  | 2,561,131 |  |  | (1,061,204) |
Income tax benefit (expense) | (15,196) |  |  | — |  |  | — |
Net income (loss) | 1,870,360 |  |  | 2,561,131 |  |  | (1,061,204) |
Dividends on preference shares | (35,375) |  |  | (35,375) |  |  | (35,375) |
Net income (loss) available (attributable) to RenaissanceRe common shareholders | $ | 1,834,985 |  |  | $ | 2,525,756 |  |  | $ | (1,096,579) |
RENAISSANCERE HOLDINGS LTD. STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
Comprehensive income (loss) |  |  |  |  |
Net income (loss) | $ | 1,870,360 |  |  | $ | 2,561,131 |  |  | $ | (1,061,204) |
Change in net unrealized gains (losses) on investments, net of tax | 1,045 |  |  | 1,082 |  |  | (4,923) |
Foreign currency translation adjustments, net of tax | (1,590) |  |  | 169 |  |  | 370 |
Comprehensive income (loss) attributable to RenaissanceRe | $ | 1,869,815 |  |  | $ | 2,562,382 |  |  | $ | (1,065,757) |
SCHEDULE II RENAISSANCERE HOLDINGS LTD. CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED RENAISSANCERE HOLDINGS LTD. STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022 (PARENT COMPANY) (THOUSANDS OF UNITED STATES DOLLARS)
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
Cash flows provided by (used in) operating activities: |  |  |  |  |
Net income (loss) | $ | 1,870,360 |  |  | $ | 2,561,131 |  |  | $ | (1,061,204) |
Less: equity in net income (loss) of subsidiaries | (2,017,805) |  |  | (2,708,061) |  |  | 988,610 |
| (147,445) |  |  | (146,930) |  |  | (72,594) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities |  |  |  |  |
Net realized and unrealized (gains) losses on investments | 334 |  |  | 67,868 |  |  | 2,051 |
Other | 142,051 |  |  | 72,691 |  |  | 36,601 |
Net cash provided by (used in) operating activities | (5,060) |  |  | (6,371) |  |  | (33,942) |
Cash flows provided by (used in) investing activities: |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 309,490 |  |  | 1,613,740 |  |  | 198,341 |
Purchases of fixed maturity investments trading | (387,276) |  |  | (1,505,160) |  |  | (375,804) |
Net sales (purchases) of short term investments | 147,296 |  |  | (211,370) |  |  | (21,037) |
Dividends and return of capital from subsidiaries | 1,079,438 |  |  | 1,097,301 |  |  | 1,009,108 |
Contributions to subsidiaries | (247,147) |  |  | (169,204) |  |  | (349,336) |
Due to (from) subsidiary | (115,041) |  |  | (7,088) |  |  | (178,470) |
Due to (from) subsidiary for the purchase of Validus Specialty | — |  |  | (45,467) |  |  | — |
Purchase of Validus Holdings and Talbot Treaty Renewal Rights | — |  |  | (2,689,533) |  |  | — |
Net cash provided by (used in) investing activities | 786,760 |  |  | (1,916,781) |  |  | 282,802 |
Cash flows provided by (used in) financing activities: |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (80,850) |  |  | (75,112) |  |  | (64,675) |
Dividends paid – preference shares | (35,375) |  |  | (35,375) |  |  | (35,396) |
RenaissanceRe common share repurchases | (666,921) |  |  | — |  |  | (166,664) |
RenaissanceRe common share issuance, net of expenses | — |  |  | 1,351,608 |  |  | — |
Issuance of debt, net of expenses | — |  |  | 740,581 |  |  | — |
Taxes paid on withholding shares | (23,580) |  |  | (20,518) |  |  | (10,911) |
Net cash provided by (used in) financing activities | (806,726) |  |  | 1,961,184 |  |  | (277,646) |
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | — |
Net increase (decrease) in cash and cash equivalents | (25,026) |  |  | 38,032 |  |  | (28,786) |
Cash and cash equivalents, beginning of year | 45,080 |  |  | 7,048 |  |  | 35,834 |
Cash and cash equivalents, end of year | $ | 20,054 |  |  | $ | 45,080 |  |  | $ | 7,048 |

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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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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