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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows provided by operating activities    
Net income $ 344,074 $ 346,624
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization, accretion and depreciation 24,741 11,499
Equity in undistributed earnings of other ventures (7,262) 20,304
Net realized and unrealized losses (gains) on investments 100,045 (101,486)
Net unrealized gains included in net investment income (8,714) (12,491)
Change in:    
Premiums receivable (655,025) (546,510)
Prepaid reinsurance premiums (391,955) (264,062)
Reinsurance recoverable 131,639 (91,022)
Deferred acquisition costs (84,604) (94,781)
Reserve for claims and claim expenses (378,063) 141,512
Unearned premiums 789,841 615,633
Reinsurance balances payable 1,095,944 378,511
Other (611,550) (82,708)
Net cash provided by operating activities 349,111 321,023
Cash flows (used in) provided by investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 4,813,208 5,163,972
Purchases of fixed maturity investments trading (5,014,011) (5,451,362)
Net (purchases) sales of equity investments trading (34,298) 46,305
Net (purchases) sales of short term investments (1,062,422) 276,075
Net (purchases) sales of other investments (111,921) 2,551
Net purchases of investments in other ventures (20,952) 0
Return of investment from investment in other ventures 8,464 20,000
Net cash (used in) provided by investing activities (1,421,932) 57,541
Cash flows provided by (used in) financing activities    
Dividends paid – RenaissanceRe common shares (26,468) (25,877)
Dividends paid – preference shares (11,191) (11,191)
RenaissanceRe common share repurchases 0 (145,940)
Issuance of debt, net of expenses 0 295,866
Repayment of debt 0 (250,000)
Issuance of preference shares, net of expenses 242,371 0
Net third party redeemable noncontrolling interest share transactions 64,534 (33,655)
Taxes paid on withholding shares (7,044) (11,251)
Net cash provided by (used in) financing activities 262,202 (182,048)
Effect of exchange rate changes on foreign currency cash (2,501) 5,477
Net (decrease) increase in cash and cash equivalents (813,120) 201,993
Cash and cash equivalents, beginning of period 1,361,592 421,157
Cash and cash equivalents, end of period $ 548,472 $ 623,150