CONDENSED CONSOLIDATING FINANCIAL INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT OF SUBSIDIARIES

The following tables present condensed consolidating balance sheets at June 30, 2018 and December 31, 2017, condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the three and six months ended June 30, 2018 and 2017, and condensed consolidating statements of cash flows for the six months ended June 30, 2018. Each of RenRe North America Holdings Inc. and RenaissanceRe Finance, Inc. is a 100% owned subsidiary of RenaissanceRe. On June 1, 2017, the notes issued by Platinum Underwriters Finance, Inc. (“Platinum Finance”) matured and the Company repaid the aggregate principal amount plus applicable accrued interest in full. Platinum Finance was subsequently dissolved on November 30, 2017. Prior to the liquidation of Platinum Finance, it was a 100% owned subsidiary of RenaissanceRe. For additional information related to the terms of the Company’s outstanding debt securities, see “Note 9. Debt and Credit Facilities” in the “Notes to Consolidated Financial Statements” in the Company’s Form 10-K for the year ended December 31, 2017 and “Note 7. Debt and Credit Facilities” in the “Notes to Consolidated Financial Statements” included herein.



Condensed Consolidating Balance Sheet at June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings 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	$	99,651	$	114,609	$	16,683	$	10,479,717	$	—		$	10,710,660
Cash and cash equivalents	2,502		12		4,745		541,213		—			548,472
Investments in subsidiaries	4,289,987		54,479		1,159,014		—		(5,503,480		)	—
Due from subsidiaries and affiliates	139,503		91,891		—		—		(231,394		)	—
Premiums receivable	—		—		—		1,959,647		—			1,959,647
Prepaid reinsurance premiums	—		—		—		925,501		—			925,501
Reinsurance recoverable	—		—		—		1,454,991		—			1,454,991
Accrued investment income	406		318		71		44,015		—			44,810
Deferred acquisition costs	—		—		—		511,155		—			511,155
Receivable for investments sold	195,242		68		—		310,597		—			505,907
Other assets	444,328		20,798		433,500		83,597		(860,175		)	122,048
Goodwill and other intangible assets	122,644		—		—		117,543		—			240,187
Total assets	$	5,294,263	$	282,175	$	1,614,013	$	16,427,976	$	(6,595,049	)	$	17,023,378
Liabilities, Noncontrolling Interests and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—	$	—	$	—	$	4,702,345	$	—		$	4,702,345
Unearned premiums	—		—		—		2,267,450		—			2,267,450
Debt	417,000		—		842,486		147,885		(417,000		)	990,371
Amounts due to subsidiaries and affiliates	5,276		104		114,127		—		(119,507		)	—
Reinsurance balances payable	—		—		—		2,085,034		—			2,085,034
Payable for investments purchased	—		32		—		490,557		—			490,589
Other liabilities	11,926		694		13,945		120,523		(12,988		)	134,100
Total liabilities	434,202		830		970,558		9,813,794		(549,495		)	10,669,889
Redeemable noncontrolling interests	—		—		—		1,493,428		—			1,493,428
Shareholders’ Equity
Total shareholders’ equity	4,860,061		281,345		643,455		5,120,754		(6,045,554		)	4,860,061
Total liabilities, noncontrolling interests and shareholders’ equity	$	5,294,263	$	282,175	$	1,614,013	$	16,427,976	$	(6,595,049	)	$	17,023,378


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


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Balance Sheet at December 31, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings 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	$	225,266	$	129,732	$	31,255	$	9,117,186	$	—		$	9,503,439
Cash and cash equivalents	14,656		139		1,469		1,345,328		—			1,361,592
Investments in subsidiaries	4,105,760		36,140		1,141,733		—		(5,283,633		)	—
Due from subsidiaries and affiliates	4,602		91,891		—		—		(96,493		)	—
Premiums receivable	—		—		—		1,304,622		—			1,304,622
Prepaid reinsurance premiums	—		—		—		533,546		—			533,546
Reinsurance recoverable	—		—		—		1,586,630		—			1,586,630
Accrued investment income	405		428		82		41,320		—			42,235
Deferred acquisition costs	—		—		—		426,551		—			426,551
Receivable for investments sold	135		51		8		102,951		—			103,145
Other assets	433,468		21,342		430,481		76,703		(840,768		)	121,226
Goodwill and other intangible assets	124,960		—		—		118,185		—			243,145
Total assets	$	4,909,252	$	279,723	$	1,605,028	$	14,653,022	$	(6,220,894	)	$	15,226,131
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—	$	—	$	—	$	5,080,408	$	—		$	5,080,408
Unearned premiums	—		—		—		1,477,609		—			1,477,609
Debt	417,000		—		841,892		147,731		(417,000		)	989,623
Amounts due to subsidiaries and affiliates	82,579		54		92,794		—		(175,427		)	—
Reinsurance balances payable	—		—		—		989,090		—			989,090
Payable for investments purchased	—		—		—		208,749		—			208,749
Other liabilities	18,298		1,053		14,117		764,432		(5,129		)	792,771
Total liabilities	517,877		1,107		948,803		8,668,019		(597,556		)	9,538,250
Redeemable noncontrolling interests	—		—		—		1,296,506		—			1,296,506
Shareholders’ Equity
Total shareholders’ equity	4,391,375		278,616		656,225		4,688,497		(5,623,338		)	4,391,375
Total liabilities, redeemable noncontrolling interest and shareholders’ equity	$	4,909,252	$	279,723	$	1,605,028	$	14,653,022	$	(6,220,894	)	$	15,226,131


(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 three months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings 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	$	—		$	—		$	—		$	429,385		$	—		$	429,385
Net investment income	5,927			577			1,206			71,257			(7,611		)	71,356
Net foreign exchange losses	(1		)	—			—			(10,686		)	—			(10,687		)
Equity in earnings of other ventures	—			—			544			5,282			—			5,826
Other income	—			—			—			1,225			—			1,225
Net realized and unrealized gains (losses) on investments	16			1,713			(67		)	(19,563		)	—			(17,901		)
Total revenues	5,942			2,290			1,683			476,900			(7,611		)	479,204
Expenses
Net claims and claim expenses incurred	—			—			—			60,167			—			60,167
Acquisition expenses	—			—			—			105,052			—			105,052
Operational expenses	2,668			21			8,174			33,106			(6,426		)	37,543
Corporate expenses	5,036			—			7			3,258			—			8,301
Interest expense	1,108			—			9,254			2,514			(1,108		)	11,768
Total expenses	8,812			21			17,435			204,097			(7,534		)	222,831
(Loss) income before equity in net income (loss) of subsidiaries and taxes	(2,870		)	2,269			(15,752		)	272,803			(77		)	256,373
Equity in net income (loss) of subsidiaries	202,525			716			21,152			—			(224,393		)	—
Income before taxes	199,655			2,985			5,400			272,803			(224,470		)	256,373
Income tax (expense) benefit	(2,271		)	(468		)	2,022			(3,789		)	—			(4,506		)
Net income	197,384			2,517			7,422			269,014			(224,470		)	251,867
Net income attributable to redeemable noncontrolling interests	—			—			—			(54,483		)	—			(54,483		)
Net income attributable to RenaissanceRe	197,384			2,517			7,422			214,531			(224,470		)	197,384
Dividends on preference shares	(5,596		)	—			—			—			—			(5,596		)
Net income available to RenaissanceRe common shareholders	$	191,788		$	2,517		$	7,422		$	214,531		$	(224,470	)	$	191,788


(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 the three months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings 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	$	197,384	$	2,517	$	7,422	$	269,014		$	(224,470	)	$	251,867
Change in net unrealized gains on investments	—		—		—		(1,295		)	—			(1,295		)
Comprehensive income	197,384		2,517		7,422		267,719			(224,470		)	250,572
Net income attributable to redeemable noncontrolling interests	—		—		—		(54,483		)	—			(54,483		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—		(54,483		)	—			(54,483		)
Comprehensive income available to RenaissanceRe	$	197,384	$	2,517	$	7,422	$	213,236		$	(224,470	)	$	196,089


(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 six months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings 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	$	—		$	—		$	—		$	869,667		$	—		$	869,667
Net investment income	11,962			1,090			2,440			127,562			(15,222		)	127,832
Net foreign exchange losses	(4		)	—			—			(6,942		)	—			(6,930		)
Equity in earnings of other ventures	—			—			1,755			4,928			—			6,683
Other loss	—			—			—			(17		)	—			(17		)
Net realized and unrealized (losses) gains on investments	(645		)	427			(326		)	(99,501		)	—			(100,045		)
Total revenues	11,313			1,517			3,869			895,697			(15,222		)	897,190
Expenses
Net claims and claim expenses incurred	—			—			—			231,870			—			231,870
Acquisition expenses	—			—			—			202,763			—			202,763
Operational expenses	3,981			31			19,244			71,039			(15,480		)	78,815
Corporate expenses	8,720			—			7			6,307			—			15,034
Interest expense	2,216			—			18,506			5,029			(2,216		)	23,535
Total expenses	14,917			31			37,757			517,008			(17,696		)	552,017
(Loss) income before equity in net income of subsidiaries and taxes	(3,604		)	1,486			(33,888		)	378,689			2,474			345,173
Equity in net income of subsidiaries	264,951			1,550			17,339			—			(283,840		)	—
Income (loss) before taxes	261,347			3,036			(16,549		)	378,689			(281,366		)	345,173
Income tax (expense) benefit	(1,655		)	(247		)	3,837			(3,034		)	—			(1,099		)
Net income (loss)	259,692			2,789			(12,712		)	375,655			(281,366		)	344,074
Net income attributable to redeemable noncontrolling interests	—			—			—			(84,382		)	—			(84,382		)
Net income (loss) attributable to RenaissanceRe	259,692			2,789			(12,712		)	291,273			(281,366		)	259,692
Dividends on preference shares	(11,191		)	—			—			—			—			(11,191		)
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	248,501		$	2,789		$	(12,712	)	$	291,273		$	(281,366	)	$	248,501


(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 six months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings 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 (loss)
Net income (loss)	$	259,692	$	2,789	$	(12,712	)	$	375,655		$	(281,366	)	$	344,074
Change in net unrealized gains on investments	—		—		—			(1,325		)	—			(1,325		)
Comprehensive income (loss)	259,692		2,789		(12,712		)	374,330			(281,366		)	342,749
Net income attributable to redeemable noncontrolling interests	—		—		—			(84,382		)	—			(84,382		)
Comprehensive income attributable to noncontrolling interests	—		—		—			(84,382		)	—			(84,382		)
Comprehensive income (loss) attributable to RenaissanceRe	$	259,692	$	2,789	$	(12,712	)	$	289,948		$	(281,366	)	$	258,367


(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 Operations for the three months ended June 30, 2017	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	$	—		$	—		$	—		$	—		$	382,265		$	—		$	382,265
Net investment income	5,284			466			535			239			53,891			(6,252		)	54,163
Net foreign exchange (losses) gains	(1		)	—			—			—			3,110			—			3,109
Equity in (losses) earnings of other ventures	—			—			—			302			5,241			—			5,543
Other income	—			—			—			—			2,392			—			2,392
Net realized and unrealized (losses) gains on investments	(8		)	1,421			191			(242		)	56,751			—			58,113
Total revenues	5,275			1,887			726			299			503,650			(6,252		)	505,585
Expenses
Net claims and claim expenses incurred	—			—			—			—			142,587			—			142,587
Acquisition expenses	—			—			—			—			88,251			—			88,251
Operational expenses	3,190			16			35			6,647			36,402			(4,524		)	41,766
Corporate expenses	4,798			—			—			—			(162		)	—			4,636
Interest expense	141			—			985			6,601			2,505			(141		)	10,091
Total expenses	8,129			16			1,020			13,248			269,583			(4,665		)	287,331
(Loss) income before equity in net income of subsidiaries and taxes	(2,854		)	1,871			(294		)	(12,949		)	234,067			(1,587		)	218,254
Equity in net income of subsidiaries	178,746			1,220			18,185			20,438			—			(218,589		)	—
Income before taxes	175,892			3,091			17,891			7,489			234,067			(220,176		)	218,254
Income tax benefit (expense)	846			(584		)	104			2,902			(7,172		)	—			(3,904		)
Net income	176,738			2,507			17,995			10,391			226,895			(220,176		)	214,350
Net income attributable to redeemable noncontrolling interests	—			—			—			—			(37,612		)	—			(37,612		)
Net income attributable to RenaissanceRe	176,738			2,507			17,995			10,391			189,283			(220,176		)	176,738
Dividends on preference shares	(5,596		)	—			—			—			—			—			(5,596		)
Net income available to RenaissanceRe common shareholders	$	171,142		$	2,507		$	17,995		$	10,391		$	189,283		$	(220,176	)	$	171,142


(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 the three months ended June 30, 2017	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	$	176,738	$	2,507	$	17,995	$	10,391	$	226,895		$	(220,176	)	$	214,350
Change in net unrealized gains on investments	—		—		—		—		219			—			219
Comprehensive income	176,738		2,507		17,995		10,391		227,114			(220,176		)	214,569
Net income attributable to redeemable noncontrolling interests	—		—		—		—		(37,612		)	—			(37,612		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—		—		(37,612		)	—			(37,612		)
Comprehensive income attributable to RenaissanceRe	$	176,738	$	2,507	$	17,995	$	10,391	$	189,502		$	(220,176	)	$	176,957


(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 six months ended June 30, 2017	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	$	—		$	—		$	—		$	—		$	748,310		$	—		$	748,310
Net investment income	10,741			892			1,376			508			107,474			(12,503		)	108,488
Net foreign exchange (losses) gains	(1		)	—			—			—			11,275			—			11,274
Equity in earnings of other ventures	—			—			—			(450		)	4,486			—			4,036
Other (loss) income	(1		)	—			—			—			4,058			—			4,057
Net realized and unrealized gains (losses) on investments	45			4,342			4,916			(268		)	92,451			—			101,486
Total revenues	10,784			5,234			6,292			(210		)	968,054			(12,503		)	977,651
Expenses
Net claims and claim expenses incurred	—			—			—			—			335,668			—			335,668
Acquisition expenses	—			—			—			—			171,533			—			171,533
Operational expenses	6,488			40			85			14,626			78,460			(10,650		)	89,049
Corporate expenses	10,006			—			—			—			(84		)	—			9,922
Interest expense	281			—			2,461			13,143			5,013			(281		)	20,617
Total expenses	16,775			40			2,546			27,769			590,590			(10,931		)	626,789
(Loss) income before equity in net income of subsidiaries and taxes	(5,991		)	5,194			3,746			(27,979		)	377,464			(1,572		)	350,862
Equity in net income of subsidiaries	280,099			2,306			28,028			36,936			—			(347,369		)	—
Income before taxes	274,108			7,500			31,774			8,957			377,464			(348,941		)	350,862
Income tax benefit (expense)	577			(1,682		)	(1,204		)	5,974			(7,903		)	—			(4,238		)
Net income	274,685			5,818			30,570			14,931			369,561			(348,941		)	346,624
Net income attributable to redeemable noncontrolling interests	—			—			—			—			(71,939		)	—			(71,939		)
Net income attributable to RenaissanceRe	274,685			5,818			30,570			14,931			297,622			(348,941		)	274,685
Dividends on preference shares	(11,191		)	—			—			—			—			—			(11,191		)
Net income available to RenaissanceRe common shareholders	$	263,494		$	5,818		$	30,570		$	14,931		$	297,622		$	(348,941	)	$	263,494


(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 the six months ended June 30, 2017	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	$	274,685	$	5,818	$	30,570	$	14,931	$	369,561		$	(348,941	)	$	346,624
Change in net unrealized gains on investments	—		—		—		—		(1,272		)	—			(1,272		)
Comprehensive income	274,685		5,818		30,570		14,931		368,289			(348,941		)	345,352
Net income attributable to redeemable noncontrolling interests	—		—		—		—		(71,939		)	—			(71,939		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—		—		(71,939		)	—			(71,939		)
Comprehensive income available to RenaissanceRe	$	274,685	$	5,818	$	30,570	$	14,931	$	296,350		$	(348,941	)	$	273,413


(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 for the six months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings 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	$	(7,183	)	$	1,213		$	(32,605	)	$	387,686		$	349,111
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	120,555			62,334			35,946			4,594,373			4,813,208
Purchases of fixed maturity investments trading	(246,764		)	(46,047		)	(16,397		)	(4,704,803		)	(5,014,011		)
Net purchases of equity investments trading	—			(675		)	—			(33,623		)	(34,298		)
Net sales (purchases) of short term investments	56,048			(154		)	(5,001		)	(1,113,315		)	(1,062,422		)
Net purchases of other investments	—			—			—			(111,921		)	(111,921		)
Net purchases of investments in other ventures	—			—			—			(20,952		)	(20,952		)
Return of investment from investments in other ventures	—			—			—			8,464			8,464
Dividends and return of capital from subsidiaries	278,864			—			—			(278,864		)	—
Contributions to subsidiaries	(250,238		)	(16,848		)	—			267,086			—
Due (from) to subsidiary	(161,104		)	50			21,333			139,721			—
Net cash (used in) provided by investing activities	(202,639		)	(1,340		)	35,881			(1,253,834		)	(1,421,932		)
Cash flows provided by financing activities
Dividends paid – RenaissanceRe common shares	(26,468		)	—			—			—			(26,468		)
Dividends paid – preference shares	(11,191		)	—			—			—			(11,191		)
Issuance of preference shares, net of expenses	242,371			—			—			—			242,371
Net third party redeemable noncontrolling interest share transactions	—			—			—			64,534			64,534
Taxes paid on withholding shares	(7,044		)	—			—			—			(7,044		)
Net cash provided by financing activities	197,668			—			—			64,534			262,202
Effect of exchange rate changes on foreign currency cash	—			—			—			(2,501		)	(2,501		)
Net (decrease) increase in cash and cash equivalents	(12,154		)	(127		)	3,276			(804,115		)	(813,120		)
Cash and cash equivalents, beginning of period	14,656			139			1,469			1,345,328			1,361,592
Cash and cash equivalents, end of period	$	2,502		$	12		$	4,745		$	541,213		$	548,472


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



Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2017	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	$	(11,924	)	$	(8,931	)	$	(5,017	)	$	(27,713	)	$	374,608		$	321,023
Cash flows provided by (used in) investing activities
Proceeds from sales and maturities of fixed maturity investments trading	53,654			46,475			289,741			15,449			4,758,653			5,163,972
Purchases of fixed maturity investments trading	(105,523		)	(45,174		)	(143,991		)	(265,787		)	(4,890,887		)	(5,451,362		)
Net (purchases) sales of equity investments trading	—			(89		)	85,324			—			(38,930		)	46,305
Net sales (purchases) of short term investments	298,768			(1,351		)	41,299			(28,934		)	(33,707		)	276,075
Net sales of other investments	—			—			—			—			2,551			2,551
Return of investment from investment in other ventures	—			—			—			—			20,000			20,000
Dividends and return of capital from subsidiaries	167,111			9,175			—			17,975			(194,261		)	—
Contributions to subsidiaries	(200,000		)	—			—			(9,175		)	209,175			—
Due (from) to subsidiaries	(12,477		)	9			(41		)	1,278			11,231			—
Net cash provided by (used in) investing activities	201,533			9,045			272,332			(269,194		)	(156,175		)	57,541
Cash flows used in financing activities
Dividends paid – RenaissanceRe common shares	(25,877		)	—			—			—			—			(25,877		)
Dividends paid – preference shares	(11,191		)	—			—			—			—			(11,191		)
RenaissanceRe common share repurchases	(145,940		)	—			—			—			—			(145,940		)
Net repayment of debt	—			—			(250,000		)	—			—			(250,000		)
Net issuance of debt	—			—			—			295,866			—			295,866
Net third party redeemable noncontrolling interest share transactions	—			—			—			—			(33,655		)	(33,655		)
Taxes paid on withholding shares	(11,251		)	—			—			—			—			(11,251		)
Net cash used in financing activities	(194,259		)	—			(250,000		)	295,866			(33,655		)	(182,048		)
Effect of exchange rate changes on foreign currency cash	—			—			—			—			5,477			5,477
Net (decrease) increase in cash and cash equivalents	(4,650		)	114			17,315			(1,041		)	190,255			201,993
Cash and cash equivalents, beginning of period	7,067			162			6,671			9,397			397,860			421,157
Cash and cash equivalents, end of period	$	2,417		$	276		$	23,986		$	8,356		$	588,115		$	623,150

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