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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows provided by (used in) operating activities    
Net income (loss) $ (25,261) $ 618,469
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Amortization, accretion and depreciation 3,735 16,028
Equity in undistributed (earnings) losses of other ventures 1,748 9,373
Net realized and unrealized (gains) losses on investments (191,304) 155,848
Change in:    
Premiums receivable (1,147,673) (1,150,653)
Prepaid reinsurance premiums (325,535) (358,083)
Reinsurance recoverable (96,505) 350,606
Deferred acquisition costs and value of business acquired (132,484) (70,726)
Reserve for claims and claim expenses 1,553,640 (117,259)
Unearned premiums 1,048,704 1,111,480
Reinsurance balances payable 52,778 167,660
Other (584,070) (49,283)
Net cash provided by (used in) operating activities 157,773 683,460
Cash flows provided by (used in) investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 4,269,486 6,892,412
Purchases of fixed maturity investments trading (3,378,844) (7,277,109)
Proceeds from sales of equity investments 175 8
Purchases of equity investments (766,556) (289)
Proceeds from sales of short term investments 9,231,755 7,423,756
Purchases of short term investments (9,732,307) (7,437,688)
Proceeds from sales of other investments 227,489 288,262
Purchases of other investments (350,443) (193,373)
Purchases of investments in other ventures (281) (643)
Return of investments in other ventures 97 214
Net cash provided by (used in) investing activities (499,429) (304,450)
Cash flows provided by (used in) financing activities    
Dividends paid – common shares (19,533) (20,501)
Dividends paid – preference shares (8,844) (8,844)
RenaissanceRe common share repurchases (357,712) 0
Issuance of debt, net of expenses 791,281 0
Repayment of Medici Revolving Credit Facility 0 (75,000)
Drawdown of Medici Revolving Credit Facility 75,000 0
Subscriptions of third-party redeemable noncontrolling interest shares 25,496 71,242
Redemptions of third-party redeemable noncontrolling interest shares (193,901) (590,149)
Taxes paid on withholding shares (21,431) (21,323)
Net cash provided by (used in) financing activities 290,356 (644,575)
Effect of exchange rate changes on foreign currency cash 7,495 (5,214)
Net increase (decrease) in cash and cash equivalents (43,805) (270,779)
Cash and cash equivalents, beginning of period 1,676,604 1,877,518
Cash and cash equivalents, end of period $ 1,632,799 $ 1,606,739