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Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2016
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet at December 31, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
387,274

 
$
119,163

 
$
267,556

 
$
45,027

 
$
8,497,948

 
$

 
$
9,316,968

Cash and cash equivalents
7,067

 
162

 
6,671

 
9,397

 
397,860

 

 
421,157

Investments in subsidiaries
4,074,769

 
34,761

 
843,089

 
1,165,413

 

 
(6,118,032
)
 

Due from subsidiaries and affiliates
7,413

 
91,892

 

 

 

 
(99,305
)
 

Premiums receivable

 

 

 

 
987,323

 

 
987,323

Prepaid reinsurance premiums

 

 

 

 
441,260

 

 
441,260

Reinsurance recoverable

 

 

 

 
279,564

 

 
279,564

Accrued investment income
105

 
289

 
551

 
106

 
37,025

 

 
38,076

Deferred acquisition costs

 

 

 

 
335,325

 

 
335,325

Receivable for investments sold
136

 
2

 
99

 
45

 
105,559

 

 
105,841

Other assets
410,757

 
37,204

 
4,689

 
127,572

 
118,098

 
(522,938
)
 
175,382

Goodwill and other intangible assets
130,407

 

 

 

 
120,779

 

 
251,186

Total assets
$
5,017,928

 
$
283,473

 
$
1,122,655

 
$
1,347,560

 
$
11,320,741

 
$
(6,740,275
)
 
$
12,352,082

Liabilities, Noncontrolling Interests and Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for claims and claim expenses
$

 
$

 
$

 
$

 
$
2,848,294

 
$

 
$
2,848,294

Unearned premiums

 

 

 

 
1,231,573

 

 
1,231,573

Debt
117,000

 

 
255,352

 
545,889

 
147,422

 
(117,000
)
 
948,663

Amounts due to subsidiaries and affiliates
14,644

 
42

 
123

 
96,061

 

 
(110,870
)
 

Reinsurance balances payable

 

 

 

 
673,983

 

 
673,983

Payable for investments purchased

 

 

 

 
305,714

 

 
305,714

Other liabilities
19,707

 
10,544

 

 
13,350

 
270,610

 
(12,527
)
 
301,684

Total liabilities
151,351

 
10,586

 
255,475

 
655,300

 
5,477,596

 
(240,397
)
 
6,309,911

Redeemable noncontrolling interests

 

 

 

 
1,175,594

 

 
1,175,594

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
4,866,577

 
272,887

 
867,180

 
692,260

 
4,667,551

 
(6,499,878
)
 
4,866,577

Total liabilities, noncontrolling interests and shareholders’ equity
$
5,017,928

 
$
283,473

 
$
1,122,655

 
$
1,347,560

 
$
11,320,741

 
$
(6,740,275
)
 
$
12,352,082


(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Balance Sheet at December 31, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
349,892

 
$
127,087

 
$
205,777

 
$

 
$
8,316,312

 
$

 
$
8,999,068

Cash and cash equivalents
10,185

 
5,908

 
7,103

 
677

 
483,012

 

 
506,885

Investments in subsidiaries
3,902,519

 
48,754

 
867,909

 
1,185,736

 

 
(6,004,918
)
 

Due from subsidiaries and affiliates
81,282

 
69,739

 

 

 

 
(151,021
)
 

Premiums receivable

 

 

 

 
778,009

 

 
778,009

Prepaid reinsurance premiums

 

 

 

 
230,671

 

 
230,671

Reinsurance recoverable

 

 

 

 
134,526

 

 
134,526

Accrued investment income
1,253

 
169

 
348

 

 
37,979

 

 
39,749

Deferred acquisition costs

 

 

 

 
199,380

 

 
199,380

Receivable for investments sold
26

 
1

 
68,537

 

 
152,270

 

 
220,834

Other assets
390,302

 
29,532

 
12,852

 
115,456

 
124,215

 
(491,346
)
 
181,011

Goodwill and other intangible assets
137,064

 

 

 

 
128,090

 

 
265,154

Total assets
$
4,872,523

 
$
281,190

 
$
1,162,526

 
$
1,301,869

 
$
10,584,464

 
$
(6,647,285
)
 
$
11,555,287

Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for claims and claim expenses
$

 
$

 
$

 
$

 
$
2,767,045

 
$

 
$
2,767,045

Unearned premiums

 

 

 

 
889,102

 

 
889,102

Debt
117,000

 

 
268,196

 
545,187

 
147,112

 
(117,000
)
 
960,495

Amounts due to subsidiaries and affiliates
2,641

 
202

 
204

 
68,204

 

 
(71,251
)
 

Reinsurance balances payable

 

 

 

 
523,974

 

 
523,974

Payable for investments purchased
999

 
6

 
25

 

 
390,348

 

 
391,378

Other liabilities
19,699

 
1,148

 
6,620

 

 
222,320

 
(4,642
)
 
245,145

Total liabilities
140,339

 
1,356

 
275,045

 
613,391

 
4,939,901

 
(192,893
)
 
5,777,139

Redeemable noncontrolling interests

 

 

 

 
1,045,964

 

 
1,045,964

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
4,732,184

 
279,834

 
887,481

 
688,478

 
4,598,599

 
(6,454,392
)
 
4,732,184

Total liabilities, redeemable noncontrolling interest and shareholders’ equity
$
4,872,523

 
$
281,190

 
$
1,162,526

 
$
1,301,869

 
$
10,584,464

 
$
(6,647,285
)
 
$
11,555,287

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations
Condensed Consolidating Statement of Operations
for the year ended December 31, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
 
Consolidating
Adjustments
(2)
 
RenaissanceRe
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
Net premiums earned
$

 
$

 
$
1,062,416

 
$

 
$
1,062,416

Net investment income
2,706

 
1,765

 
123,582

 
(3,737
)
 
124,316

Net foreign exchange (losses) gains
(13
)
 

 
6,273

 

 
6,260

Equity in earnings of other ventures

 

 
26,075

 

 
26,075

Other loss

 
(7
)
 
(416
)
 

 
(423
)
Net realized and unrealized gains on investments
83

 
9,069

 
32,281

 

 
41,433

Total revenues
2,776

 
10,827

 
1,250,211

 
(3,737
)
 
1,260,077

Expenses
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 
197,947

 

 
197,947

Acquisition expenses

 

 
144,476

 

 
144,476

Operational expenses
(4,890
)
 
7,004

 
188,857

 
(332
)
 
190,639

Corporate expenses
20,787

 
238

 
1,724

 

 
22,749

Interest expense

 
14,467

 
2,935

 

 
17,402

Total expenses
15,897

 
21,709

 
535,939

 
(332
)
 
573,213

(Loss) income before equity in net earnings of subsidiaries and taxes
(13,121
)
 
(10,882
)
 
714,272

 
(3,405
)
 
686,864

Equity in net earnings of subsidiaries
545,839

 
6,491

 

 
(552,330
)
 

Income (loss) before taxes
532,718

 
(4,391
)
 
714,272

 
(555,735
)
 
686,864

Income tax benefit (expense)

 
4,064

 
(4,672
)
 

 
(608
)
Net income (loss)
532,718

 
(327
)
 
709,600

 
(555,735
)
 
686,256

Net income attributable to redeemable noncontrolling interests

 

 
(153,538
)
 

 
(153,538
)
Net income (loss) attributable to RenaissanceRe
532,718

 
(327
)
 
556,062

 
(555,735
)
 
532,718

Dividends on preference shares
(22,381
)
 

 

 

 
(22,381
)
Net income (loss) available (attributable) to RenaissanceRe common shareholders
$
510,337

 
$
(327
)
 
$
556,062

 
$
(555,735
)
 
$
510,337

(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income (Loss) for the year ended December 31, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
 
Consolidating
Adjustments
(2)
 
RenaissanceRe
Consolidated
Comprehensive income (loss)
 
 
 
 
 
 
 
 
 
Net income (loss)
$
532,718

 
$
(327
)
 
$
709,600

 
$
(555,735
)
 
$
686,256

Change in net unrealized gains on investments

 

 
(715
)
 

 
(715
)
Comprehensive income (loss)
532,718

 
(327
)
 
708,885

 
(555,735
)
 
685,541

Net income attributable to redeemable noncontrolling interests

 

 
(153,538
)
 

 
(153,538
)
Comprehensive income attributable to redeemable noncontrolling interests

 

 
(153,538
)
 

 
(153,538
)
Comprehensive income (loss) attributable to RenaissanceRe
$
532,718

 
$
(327
)
 
$
555,347

 
$
(555,735
)
 
$
532,003


Condensed Consolidating Statement of Operations for
the year ended December 31, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe
North
America
Holdings
Inc.
(Subsidiary
Issuer)
 
Platinum
Underwriters
Finance, Inc.
(Subsidiary
Issuer)
 
RenaissanceRe
Finance, Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Net premiums earned
$

 
$

 
$

 
$

 
$
1,400,551

 
$

 
$
1,400,551

Net investment income
15,391

 
1,251

 
4,063

 
996

 
144,642

 
(13,776
)
 
152,567

Net foreign exchange gains (losses)
4

 

 

 

 
(3,055
)
 

 
(3,051
)
Equity in earnings of other ventures

 

 

 

 
20,481

 

 
20,481

Other income
663

 

 

 

 
13,472

 
(663
)
 
13,472

Net realized and unrealized (losses) gains on investments
(2,080
)
 
566

 
(2,600
)
 

 
(64,804
)
 

 
(68,918
)
Total revenues
13,978

 
1,817

 
1,463

 
996

 
1,511,287

 
(14,439
)
 
1,515,102

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 

 

 
448,238

 

 
448,238

Acquisition expenses

 

 

 

 
238,592

 

 
238,592

Operational expenses
4,249

 
4,561

 
3

 
2,503

 
207,802

 
(6
)
 
219,112

Corporate expenses
40,808

 
312

 
3

 

 
35,391

 

 
76,514

Interest expense
1,255

 
7,233

 
4,922

 
16,179

 
7,677

 
(996
)
 
36,270

Total expenses
46,312

 
12,106

 
4,928

 
18,682

 
937,700

 
(1,002
)
 
1,018,726

(Loss) income before equity in net income of subsidiaries and taxes
(32,334
)
 
(10,289
)
 
(3,465
)
 
(17,686
)
 
573,587

 
(13,437
)
 
496,376

Equity in net income of subsidiaries
463,526

 
5,493

 
35,329

 
72,925

 

 
(577,273
)
 

Income (loss) before taxes
431,192

 
(4,796
)
 
31,864

 
55,239

 
573,587

 
(590,710
)
 
496,376

Income tax benefit

 
32,005

 
1,985

 
6,190

 
5,686

 

 
45,866

Net income
431,192

 
27,209

 
33,849

 
61,429

 
579,273

 
(590,710
)
 
542,242

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(111,050
)
 

 
(111,050
)
Net income attributable to RenaissanceRe
431,192

 
27,209

 
33,849

 
61,429

 
468,223

 
(590,710
)
 
431,192

Dividends on preference shares
(22,381
)
 

 

 

 

 

 
(22,381
)
Net income available to RenaissanceRe common shareholders
$
408,811

 
$
27,209

 
$
33,849

 
$
61,429

 
$
468,223

 
$
(590,710
)
 
$
408,811

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations for
the year ended December 31, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Net premiums earned
$

 
$

 
$

 
$

 
$
1,403,430

 
$

 
$
1,403,430

Net investment income
24,178

 
1,852

 
3,989

 
569

 
175,407

 
(24,269
)
 
181,726

Net foreign exchange losses
(2
)
 

 

 

 
(13,786
)
 

 
(13,788
)
Equity in earnings of other ventures

 

 

 

 
963

 

 
963

Other (loss) income
(772
)
 

 

 

 
14,950

 

 
14,178

Net realized and unrealized gains on investments
4,151

 
4,659

 
8,193

 
46

 
124,279

 

 
141,328

Total revenues
27,555

 
6,511

 
12,182

 
615

 
1,705,243

 
(24,269
)
 
1,727,837

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 

 

 
530,831

 

 
530,831

Acquisition expenses

 

 

 

 
289,323

 

 
289,323

Operational expenses
13,716

 
(112
)
 
296

 
22,152

 
176,041

 
(14,344
)
 
197,749

Corporate expenses
26,848

 
203

 

 
7

 
10,344

 

 
37,402

Interest expense
562

 

 
5,906

 
26,176

 
10,062

 
(562
)
 
42,144

Total expenses
41,126

 
91

 
6,202

 
48,335

 
1,016,601

 
(14,906
)
 
1,097,449

(Loss) income before equity in net income of subsidiaries and taxes
(13,571
)
 
6,420

 
5,980

 
(47,720
)
 
688,642

 
(9,363
)
 
630,388

Equity in net income of subsidiaries
516,533

 
3,857

 
25,073

 
38,628

 

 
(584,091
)
 

Income (loss) before taxes
502,962

 
10,277

 
31,053

 
(9,092
)
 
688,642

 
(593,454
)
 
630,388

Income tax (expense) benefit

 
(2,275
)
 
(1,462
)
 
11,014

 
(7,617
)
 

 
(340
)
Net income
502,962

 
8,002

 
29,591

 
1,922

 
681,025

 
(593,454
)
 
630,048

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(127,086
)
 

 
(127,086
)
Net income attributable to RenaissanceRe
502,962

 
8,002

 
29,591

 
1,922

 
553,939

 
(593,454
)
 
502,962

Dividends on preference shares
(22,381
)
 

 

 

 

 

 
(22,381
)
Net income attributable to RenaissanceRe common shareholders
$
480,581

 
$
8,002

 
$
29,591

 
$
1,922

 
$
553,939

 
$
(593,454
)
 
$
480,581

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income for year ended December 31, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Comprehensive income
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
502,962

 
$
8,002

 
$
29,591

 
$
1,922

 
$
681,025

 
$
(593,454
)
 
$
630,048

Change in net unrealized gains on investments

 

 

 

 
(975
)
 

 
(975
)
Comprehensive income
502,962

 
8,002

 
29,591

 
1,922

 
680,050

 
(593,454
)
 
629,073

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(127,086
)
 

 
(127,086
)
Comprehensive income attributable to redeemable noncontrolling interests

 

 

 

 
(127,086
)
 

 
(127,086
)
Comprehensive income attributable to RenaissanceRe
$
502,962

 
$
8,002

 
$
29,591

 
$
1,922

 
$
552,964

 
$
(593,454
)
 
$
501,987


Condensed Consolidating Statement of Comprehensive Income
Condensed Consolidating Statement of Comprehensive Income for the year ended December 31, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe
North
America
Holdings
Inc.
(Subsidiary
Issuer)
 
Platinum
Underwriters
Finance, Inc.
(Subsidiary
Issuer)
 
RenaissanceRe
Finance, Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Comprehensive income
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
431,192

 
$
27,209

 
$
33,849

 
$
61,429

 
$
579,273

 
$
(590,710
)
 
$
542,242

Change in net unrealized gains on investments

 

 

 

 
(1,308
)
 

 
(1,308
)
Comprehensive income
431,192

 
27,209

 
33,849

 
61,429

 
577,965

 
(590,710
)
 
540,934

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(111,050
)
 

 
(111,050
)
Comprehensive income attributable to redeemable noncontrolling interests

 

 

 

 
(111,050
)
 

 
(111,050
)
Comprehensive income available to RenaissanceRe
$
431,192

 
$
27,209

 
$
33,849

 
$
61,429

 
$
466,915

 
$
(590,710
)
 
$
429,884

(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income for year ended December 31, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Comprehensive income
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
502,962

 
$
8,002

 
$
29,591

 
$
1,922

 
$
681,025

 
$
(593,454
)
 
$
630,048

Change in net unrealized gains on investments

 

 

 

 
(975
)
 

 
(975
)
Comprehensive income
502,962

 
8,002

 
29,591

 
1,922

 
680,050

 
(593,454
)
 
629,073

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(127,086
)
 

 
(127,086
)
Comprehensive income attributable to redeemable noncontrolling interests

 

 

 

 
(127,086
)
 

 
(127,086
)
Comprehensive income attributable to RenaissanceRe
$
502,962

 
$
8,002

 
$
29,591

 
$
1,922

 
$
552,964

 
$
(593,454
)
 
$
501,987


(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.

Condensed Consolidating Statement of Comprehensive Income (Loss) for the year ended December 31, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
 
Consolidating
Adjustments
(2)
 
RenaissanceRe
Consolidated
Comprehensive income (loss)
 
 
 
 
 
 
 
 
 
Net income (loss)
$
532,718

 
$
(327
)
 
$
709,600

 
$
(555,735
)
 
$
686,256

Change in net unrealized gains on investments

 

 
(715
)
 

 
(715
)
Comprehensive income (loss)
532,718

 
(327
)
 
708,885

 
(555,735
)
 
685,541

Net income attributable to redeemable noncontrolling interests

 

 
(153,538
)
 

 
(153,538
)
Comprehensive income attributable to redeemable noncontrolling interests

 

 
(153,538
)
 

 
(153,538
)
Comprehensive income (loss) attributable to RenaissanceRe
$
532,718

 
$
(327
)
 
$
555,347

 
$
(555,735
)
 
$
532,003


(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement Of Cash Flows
Condensed Consolidating Statement of Cash Flows for the year ended December 31, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
RenaissanceRe
Consolidated
Cash flows (used in) provided by operating activities
 
 
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(18,452
)
 
$
1,477

 
$
(14,501
)
 
$
(34,607
)
 
$
535,912

 
$
469,829

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
314,568

 
69,941

 
145,082

 

 
7,572,923

 
8,102,514

Purchases of fixed maturity investments trading
(336,345
)
 
(123,046
)
 
(291,053
)
 

 
(7,532,276
)
 
(8,282,720
)
Proceeds from sales and maturities of fixed maturity investments available for sale

 

 

 

 
17,692

 
17,692

Net (purchases) sales of equity investments trading

 
(2,389
)
 
193,022

 

 
(5,845
)
 
184,788

Net (purchases) sales of short term investments
(111,814
)
 
67,684

 
(32,901
)
 

 
(41,586
)
 
(118,617
)
Net purchases of other investments

 

 

 

 
(68,589
)
 
(68,589
)
Net sales of other assets

 

 

 

 
400

 
400

Dividends and return of capital from subsidiaries
617,239

 
2,900

 

 
13,125

 
(633,264
)
 

Contributions to subsidiaries
(108,674
)
 

 

 

 
108,674

 

Due to (from) subsidiary
23,758

 
(22,313
)
 
(81
)
 
30,202

 
(31,566
)
 

Net cash provided by (used in) investing activities
398,732

 
(7,223
)
 
14,069

 
43,327

 
(613,437
)
 
(164,532
)
Cash flows used in financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(51,583
)
 

 

 

 

 
(51,583
)
Dividends paid – preference shares
(22,381
)
 

 

 

 

 
(22,381
)
RenaissanceRe common share repurchases
(309,434
)
 

 

 

 

 
(309,434
)
Net third party redeemable noncontrolling interest share transactions

 

 

 

 
(2,990
)
 
(2,990
)
Net cash used in financing activities
(383,398
)
 

 

 

 
(2,990
)
 
(386,388
)
Effect of exchange rate changes on foreign currency cash

 

 

 

 
(4,637
)
 
(4,637
)
Net (decrease) increase in cash and cash equivalents
(3,118
)
 
(5,746
)
 
(432
)
 
8,720

 
(85,152
)
 
(85,728
)
Cash and cash equivalents, beginning of period
10,185

 
5,908

 
7,103

 
677

 
483,012

 
506,885

Cash and cash equivalents, end of period
$
7,067

 
$
162

 
$
6,671

 
$
9,397

 
$
397,860

 
$
421,157

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.

Condensed Consolidating Statement of Cash Flows for the year ended December 31, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe
North
America
Holdings
Inc.
(Subsidiary
Issuer)
 
Platinum
Underwriters
Finance, Inc.
(Subsidiary
Issuer)
 
RenaissanceRe
Finance, Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
 
RenaissanceRe
Consolidated
Cash flows (used in) provided by operating activities
 
 
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(39,213
)
 
$
(9,201
)
 
$
(6,830
)
 
$
(17,871
)
 
$
487,852

 
$
414,737

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
63,824

 
49,807

 
45,087

 

 
9,323,024

 
9,481,742

Purchases of fixed maturity investments trading
(161,183
)
 
(59,040
)
 

 

 
(9,462,845
)
 
(9,683,068
)
Proceeds from sales and maturities of fixed maturity investments available for sale

 

 

 

 
8,688

 
8,688

Net sales (purchases) of equity investments trading

 
33,693

 
(269,244
)
 

 
87,993

 
(147,558
)
Net (purchases) sales of short term investments
(116,461
)
 
(63,305
)
 
238,177

 

 
610,705

 
669,116

Net sales of other investments

 

 

 

 
15,843

 
15,843

Net purchases of investments in other ventures

 

 

 

 
(10,150
)
 
(10,150
)
Net sales of other assets

 

 

 

 
4,500

 
4,500

Dividends and return of capital from subsidiaries
1,584,624

 
180,000

 
65,000

 
87,553

 
(1,917,177
)
 

Contributions to subsidiaries
(294,733
)
 
(8,550
)
 
(66,753
)
 
(185,000
)
 
555,036

 

Due to (from) subsidiaries
207,996

 
(118,529
)
 
129

 
(183,405
)
 
93,809

 

Net purchase of Platinum
(904,433
)
 

 
1,537

 

 
224,744

 
(678,152
)
Net cash provided by (used in) investing activities
379,634

 
14,076

 
13,933

 
(280,852
)
 
(465,830
)
 
(339,039
)
Cash flows (used in) provided by financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(53,967
)
 

 

 

 

 
(53,967
)
Dividends paid – preference shares
(22,381
)
 

 

 

 

 
(22,381
)
RenaissanceRe common share repurchases
(259,874
)
 

 

 

 

 
(259,874
)
Net issuance of debt

 

 

 
299,400

 
146,189

 
445,589

Net third party redeemable noncontrolling interest share transactions

 

 

 

 
(193,032
)
 
(193,032
)
Net cash (used in) provided by financing activities
(336,222
)
 

 

 
299,400

 
(46,843
)
 
(83,665
)
Effect of exchange rate changes on foreign currency cash

 

 

 

 
(10,732
)
 
(10,732
)
Net increase (decrease) in cash and cash equivalents
4,199

 
4,875

 
7,103

 
677

 
(35,553
)
 
(18,699
)
Cash and cash equivalents, beginning of period
5,986

 
1,033

 

 

 
518,565

 
525,584

Cash and cash equivalents, end of period
$
10,185

 
$
5,908

 
$
7,103

 
$
677

 
$
483,012

 
$
506,885


(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows
for the year ended December 31, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
 
RenaissanceRe
Consolidated
Cash flows provided by (used in) operating activities
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
429

 
$
(18,114
)
 
$
678,342

 
$
660,657

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
88,273

 
20,487

 
7,573,813

 
7,682,573

Purchases of fixed maturity investments trading
(88,341
)
 
(14,969
)
 
(7,535,868
)
 
(7,639,178
)
Proceeds from sales and maturities of fixed maturity investments available for sale

 

 
7,088

 
7,088

Net sales (purchases) of equity investments trading

 
13,761

 
(33,764
)
 
(20,003
)
Net sales (purchases) of short term investments
73,717

 
225

 
(28,919
)
 
45,023

Net sales of other investments

 

 
59,120

 
59,120

Net sales of investments in other ventures

 

 
1,030

 
1,030

Net sales of other assets

 

 
6,000

 
6,000

Dividends and return of capital from subsidiaries
1,259,224

 
11,204

 
(1,270,428
)
 

Contributions to subsidiaries
(759,456
)
 
(1,949
)
 
761,405

 

Due to (from) subsidiary
6,315

 
(13,639
)
 
7,324

 

Net cash provided by (used in) investing activities
579,732

 
15,120

 
(453,199
)
 
141,653

Cash flows used in financing activities
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(45,912
)
 

 

 
(45,912
)
Dividends paid – preference shares
(22,381
)
 

 

 
(22,381
)
RenaissanceRe common share repurchases
(514,678
)
 

 

 
(514,678
)
Net third party redeemable noncontrolling interest share transactions

 

 
(111,707
)
 
(111,707
)
Net cash used in financing activities
(582,971
)
 

 
(111,707
)
 
(694,678
)
Effect of exchange rate changes on foreign currency cash

 

 
9,920

 
9,920

Net (decrease) increase in cash and cash equivalents
(2,810
)
 
(2,994
)
 
123,356

 
117,552

Cash and cash equivalents, beginning of year
8,796

 
4,027

 
395,209

 
408,032

Cash and cash equivalents, end of year
$
5,986

 
$
1,033

 
$
518,565

 
$
525,584

(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.