Debt and Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

A summary of the Company’s debt obligations on its consolidated balance sheets is set forth below:




	March 31, 2018				December 31, 2017
	Fair Value		Carrying Value		Fair Value		Carrying Value
3.450% Senior Notes due 2027	$	283,281	$	295,425	$	294,654	$	295,303
3.700% Senior Notes due 2025	294,864		297,409		302,781		297,318
5.75% Senior Notes due 2020	262,188		249,353		263,750		249,272
4.750% Senior Notes due 2025 (DaVinciRe) (1)	153,546		147,808		157,050		147,730
	$	993,879	$	989,995	$	1,018,235	$	989,623

(1)

RenaissanceRe owns a noncontrolling economic interest in its joint venture DaVinciRe. Because RenaissanceRe controls a majority of DaVinciRe’s outstanding voting rights, the consolidated financial statements of DaVinciRe are included in the consolidated financial statements of RenaissanceRe. However, RenaissanceRe does not guarantee or provide credit support for DaVinciRe and RenaissanceRe’s financial exposure to DaVinciRe is limited to its investment in DaVinciRe’s shares and counterparty credit risk arising from reinsurance transactions.

Schedule of Line of Credit Facilities

The outstanding amounts issued or drawn under each of the Company’s significant credit facilities is set forth below:




At March 31, 2018	Issued or Drawn
RenaissanceRe Revolving Credit Facility	$	—
Uncommitted Standby Letter of Credit Facility with Wells Fargo	101,679
Bilateral Letter of Credit Facility with Citibank Europe	186,709
Funds at Lloyd’s Letter of Credit Facilities
Renaissance Reinsurance FAL Facility	180,000
Total credit facilities in U.S. dollars	$	468,388

Funds at Lloyd’s Letter of Credit Facilities
Specialty Risks FAL Facility	£	10,000
Total credit facilities in British Pounds	£	10,000