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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows provided by operating activities    
Net income $ 132,274 $ 178,181
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Amortization, accretion and depreciation 6,390 8,752
Equity in undistributed losses (earnings) of other ventures 24,818 (415)
Net realized and unrealized gains on investments (43,373) (61,653)
Net unrealized (gains) losses included in net investment income (6,863) 15,362
Change in:    
Premiums receivable (295,952) (316,107)
Prepaid reinsurance premiums (186,831) (214,283)
Reinsurance recoverable (46,255) (32,702)
Deferred acquisition costs (53,356) (87,911)
Reserve for claims and claim expenses 86,394 44,478
Unearned premiums 364,922 372,352
Reinsurance balances payable 298,283 94,370
Other (59,412) (2,062)
Net cash provided by (used in) operating activities 221,039 (1,638)
Cash flows (used in) provided by investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 2,682,386 2,540,073
Purchases of fixed maturity investments trading (3,007,124) (2,656,283)
Proceeds from sales and maturities of fixed maturity investments available for sale 0 3,662
Net sales of equity investments trading 13,747 119,369
Net sales of short term investments 245,693 134,009
Net sales (purchases) of other investments 36,402 (39,698)
Net cash (used in) provided by investing activities (28,896) 101,132
Cash flows used in financing activities    
Dividends paid – RenaissanceRe common shares (13,027) (13,285)
Dividends paid – preference shares (5,595) (5,595)
RenaissanceRe common share repurchases (80,009) (85,166)
Net third party redeemable noncontrolling interest share transactions (51,166) (50,374)
Taxes paid on withholding shares (11,018) (8,069)
Net cash used in financing activities (160,815) (162,489)
Effect of exchange rate changes on foreign currency cash 1,602 5,259
Net increase (decrease) in cash and cash equivalents 32,930 (57,736)
Cash and cash equivalents, beginning of period 421,157 506,885
Cash and cash equivalents, end of period $ 454,087 $ 449,149