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Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries
 12 Months Ended
Dec. 31, 2018
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries
CONDENSED CONSOLIDATING FINANCIAL INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT OF SUBSIDIARIES
The following tables present condensed consolidating balance sheets at December 31, 2018 and 2017, condensed consolidating statements of operations, condensed consolidating statements of comprehensive income (loss) and condensed consolidating statements of cash flows for the years ended December 31, 2018, 2017 and 2016, respectively. Each of RRNAH and RenaissanceRe Finance is a 100% owned subsidiary of RenaissanceRe. On June 1, 2017, the Platinum Finance Notes 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 8. Debt and Credit Facilities”.
Condensed Consolidating Balance Sheet at December 31, 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
$
313,360

 
$
77,842

 
$
28,885

 
$
11,465,660

 
$
—

 
$
11,885,747

Cash and cash equivalents
3,534

 
3,350

 
9,604

 
1,091,434

 
—

 
1,107,922

Investments in subsidiaries
4,414,475

 
58,458

 
1,215,663

 
—

 
(5,688,596
)
 
—

Due from subsidiaries and affiliates
57,039

 
101,579

 
—

 
—

 
(158,618
)
 
—

Premiums receivable
—

 
—

 
—

 
1,537,188

 
—

 
1,537,188

Prepaid reinsurance premiums
—

 
—

 
—

 
616,185

 
—

 
616,185

Reinsurance recoverable
—

 
—

 
—

 
2,372,221

 
—

 
2,372,221

Accrued investment income
1,046

 
310

 
127

 
49,828

 
—

 
51,311

Deferred acquisition costs
—

 
—

 
—

 
476,661

 
—

 
476,661

Receivable for investments sold
203

 
23,885

 
—

 
232,328

 
—

 
256,416

Other assets
458,842

 
22,571

 
313,636

 
(1,403,636
)
 
743,714

 
135,127

Goodwill and other intangible assets
120,476

 
—

 
—

 
116,942

 
—

 
237,418

Total assets
$
5,368,975

 
$
287,995

 
$
1,567,915

 
$
16,554,811

 
$
(5,103,500
)
 
$
18,676,196

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

 
$
—

 
$
—

 
$
6,076,271

 
$
—

 
$
6,076,271

Unearned premiums
—

 
—

 
—

 
1,716,021

 
—

 
1,716,021

Debt
300,000

 
—

 
843,086

 
148,041

 
(300,000
)
 
991,127

Amounts due to subsidiaries and affiliates
6,453

 
217

 
102,243

 
—

 
(108,913
)
 
—

Reinsurance balances payable
—

 
—

 
—

 
1,902,056

 
—

 
1,902,056

Payable for investments purchased
—

 
24

 
—

 
380,308

 
—

 
380,332

Other liabilities
17,442

 
5,362

 
13,918

 
482,422

 
(5,535
)
 
513,609

Total liabilities
323,895

 
5,603

 
959,247

 
10,705,119

 
(414,448
)
 
11,579,416

Redeemable noncontrolling interests
—

 
—

 
—

 
2,051,700

 
—

 
2,051,700

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
5,045,080

 
282,392

 
608,668

 
3,797,992

 
(4,689,052
)
 
5,045,080

Total liabilities, noncontrolling interests and shareholders’ equity
$
5,368,975

 
$
287,995

 
$
1,567,915

 
$
16,554,811

 
$
(5,103,500
)
 
$
18,676,196


(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, 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 year ended December 31, 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
$
—

 
$
—

 
$
—

 
$
1,976,129

 
$
—

 
$
1,976,129

Net investment income
24,791

 
2,193

 
6,219

 
261,192

 
(32,529
)
 
261,866

Net foreign exchange losses
(3
)
 
—

 
—

 
(12,425
)
 
—

 
(12,428
)
Equity in earnings of other ventures
—

 
—

 
3,065

 
15,409

 
—

 
18,474

Other income
—

 
—

 
—

 
5,969

 
—

 
5,969

Net realized and unrealized gains (losses) on investments
633

 
(4,360
)
 
(329
)
 
(171,013
)
 
—

 
(175,069
)
Total revenues
25,421

 
(2,167
)
 
8,955

 
2,075,261

 
(32,529
)
 
2,074,941

Expenses
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred
—

 
—

 
—

 
1,120,018

 
—

 
1,120,018

Acquisition expenses
—

 
—

 
—

 
432,989

 
—

 
432,989

Operational expenses
7,679

 
110

 
34,534

 
164,605

 
(28,661
)
 
178,267

Corporate expenses
25,190

 
—

 
7

 
3,103

 
5,683

 
33,983

Interest expense
5,683

 
—

 
37,019

 
4,367

 
—

 
47,069

Total expenses
38,552

 
110

 
71,560

 
1,725,082

 
(22,978
)
 
1,812,326

(Loss) income before equity in net income of subsidiaries and taxes
(13,131
)
 
(2,277
)
 
(62,605
)
 
350,179

 
(9,551
)
 
262,615

Equity in net income of subsidiaries
240,495

 
5,631

 
9,091

 
—

 
(255,217
)
 
—

Income (loss) before taxes
227,364

 
3,354

 
(53,514
)
 
350,179

 
(264,768
)
 
262,615

Income tax benefit (expense)
—

 
582

 
6,119

 
(399
)
 
—

 
6,302

Net income (loss)
227,364

 
3,936

 
(47,395
)
 
349,780

 
(264,768
)
 
268,917

Net income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
(41,553
)
 
—

 
(41,553
)
Net income (loss) attributable to RenaissanceRe
227,364

 
3,936

 
(47,395
)
 
308,227

 
(264,768
)
 
227,364

Dividends on preference shares
(30,088
)
 
—

 
—

 
—

 
—

 
(30,088
)
Net income (loss) available (attributable) to RenaissanceRe common shareholders
$
197,276

 
$
3,936

 
$
(47,395
)
 
$
308,227

 
$
(264,768
)
 
$
197,276

 
(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, 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)
$
227,364

 
$
3,936

 
$
(47,395
)
 
$
349,780

 
$
(264,768
)
 
$
268,917

Change in net unrealized gains on investments
—

 
—

 
—

 
(1,657
)
 
—

 
(1,657
)
Comprehensive income (loss)
227,364

 
3,936

 
(47,395
)
 
348,123

 
(264,768
)
 
267,260

Net income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
(41,553
)
 
—

 
(41,553
)
Comprehensive income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
(41,553
)
 
—

 
(41,553
)
Comprehensive income (loss) available (attributable) to RenaissanceRe
$
227,364

 
$
3,936

 
$
(47,395
)
 
$
306,570

 
$
(264,768
)
 
$
225,707


(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 year ended December 31, 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
$
—

 
$
—

 
$
—

 
$
—

 
$
1,717,575

 
$
—

 
$
1,717,575

Net investment income
23,109

 
1,947

 
1,373

 
3,090

 
219,490

 
(26,800
)
 
222,209

Net foreign exchange (losses) gains
(1
)
 
—

 
—

 
—

 
10,629

 
—

 
10,628

Equity in (losses) earnings of other ventures
—

 
—

 
—

 
(223
)
 
8,253

 
—

 
8,030

Other income
—

 
—

 
—

 
—

 
9,415

 
—

 
9,415

Net realized and unrealized (losses) gains on investments
(1,357
)
 
9,621

 
4,916

 
(479
)
 
123,121

 
—

 
135,822

Total revenues
21,751

 
11,568

 
6,289

 
2,388

 
2,088,483

 
(26,800
)
 
2,103,679

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred
—

 
—

 
—

 
—

 
1,861,428

 
—

 
1,861,428

Acquisition expenses
—

 
—

 
—

 
—

 
346,892

 
—

 
346,892

Operational expenses
11,314

 
103

 
85

 
26,063

 
141,572

 
(18,359
)
 
160,778

Corporate expenses
18,546

 
—

 
—

 
—

 
26

 
—

 
18,572

Interest expense
1,572

 
—

 
2,461

 
31,657

 
10,075

 
(1,572
)
 
44,193

Total expenses
31,432

 
103

 
2,546

 
57,720

 
2,359,993

 
(19,931
)
 
2,431,863

(Loss) income before equity in net (loss) income of subsidiaries and taxes
(9,681
)
 
11,465

 
3,743

 
(55,332
)
 
(271,510
)
 
(6,869
)
 
(328,184
)
Equity in net (loss) income of subsidiaries
(212,708
)
 
756

 
28,028

 
9,298

 
—

 
174,626

 
—

(Loss) income before taxes
(222,389
)
 
12,221

 
31,771

 
(46,034
)
 
(271,510
)
 
167,757

 
(328,184
)
Income tax (expense) benefit
—

 
(18,147
)
 
(1,175
)
 
7,163

 
(14,328
)
 
—

 
(26,487
)
Net (loss) income
(222,389
)
 
(5,926
)
 
30,596

 
(38,871
)
 
(285,838
)
 
167,757

 
(354,671
)
Net loss attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
132,282

 
—

 
132,282

Net (loss) income attributable to RenaissanceRe
(222,389
)
 
(5,926
)
 
30,596

 
(38,871
)
 
(153,556
)
 
167,757

 
(222,389
)
Dividends on preference shares
(22,381
)
 
—

 
—

 
—

 
—

 
—

 
(22,381
)
Net (loss) income (attributable) available to RenaissanceRe common shareholders
$
(244,770
)
 
$
(5,926
)
 
$
30,596

 
$
(38,871
)
 
$
(153,556
)
 
$
167,757

 
$
(244,770
)
 
(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 (Loss) Income for the year ended December 31, 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 (loss) income
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
$
(222,389
)
 
$
(5,926
)
 
$
30,596

 
$
(38,871
)
 
$
(285,838
)
 
$
167,757

 
$
(354,671
)
Change in net unrealized gains on investments
—

 
—

 
—

 
—

 
(909
)
 
—

 
(909
)
Comprehensive (loss) income
(222,389
)
 
(5,926
)
 
30,596

 
(38,871
)
 
(286,747
)
 
167,757

 
(355,580
)
Net loss attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
132,282

 
—

 
132,282

Comprehensive loss attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
132,282

 
—

 
132,282

Comprehensive (loss) income (attributable) available to RenaissanceRe
$
(222,389
)
 
$
(5,926
)
 
$
30,596

 
$
(38,871
)
 
$
(154,465
)
 
$
167,757

 
$
(223,298
)
(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 available 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 and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income 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
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 and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Cash Flows for the year ended December 31, 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
$
(9,659
)
 
$
6,315

 
$
62,645

 
$
1,162,400

 
$
1,221,701

Cash flows used in investing activities
 
 
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
384,818

 
97,272

 
56,518

 
11,046,968

 
11,585,576

Purchases of fixed maturity investments trading
(520,935
)
 
(72,292
)
 
(55,932
)
 
(11,840,813
)
 
(12,489,972
)
Net (purchases) sales of equity investments trading
—

 
(1,308
)
 
—

 
15,464

 
14,156

Net sales (purchases) of short term investments
48,600

 
(404
)
 
455

 
(1,485,040
)
 
(1,436,389
)
Net purchases of other investments
—

 
—

 
—

 
(199,475
)
 
(199,475
)
Net purchases of investments in other ventures
—

 
—

 
—

 
(21,473
)
 
(21,473
)
Return of investment from investment in other ventures
—

 
—

 
—

 
8,464

 
8,464

Net sales of other assets
—

 
—

 
—

 
2,500

 
2,500

Dividends and return of capital from subsidiaries
672,098

 
—

 
—

 
(672,098
)
 
—

Contributions to subsidiaries
(785,785
)
 
(16,847
)
 
(65,000
)
 
867,632

 
—

Due (from) to subsidiary
(200,916
)
 
(9,525
)
 
9,449

 
200,992

 
—

Net cash used in investing activities
(402,120
)
 
(3,104
)
 
(54,510
)
 
(2,076,879
)
 
(2,536,613
)
Cash flows provided by financing activities
 
 
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(52,841
)
 
—

 
—

 
—

 
(52,841
)
Dividends paid – preference shares
(30,088
)
 
—

 
—

 
—

 
(30,088
)
RenaissanceRe common share issuance
250,000

 
—

 
—

 
—

 
250,000

Issuance of preference shares, net of expenses
241,448

 
—

 
—

 
—

 
241,448

Net third party redeemable noncontrolling interest share transactions
—

 
—

 
—

 
665,683

 
665,683

Taxes paid on withholding shares
(7,862
)
 
—

 
—

 
—

 
(7,862
)
Net cash provided by financing activities
400,657

 
—

 
—

 
665,683

 
1,066,340

Effect of exchange rate changes on foreign currency cash
—

 
—

 
—

 
(5,098
)
 
(5,098
)
Net (decrease) increase in cash and cash equivalents
(11,122
)
 
3,211

 
8,135

 
(253,894
)
 
(253,670
)
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
$
3,534

 
$
3,350

 
$
9,604

 
$
1,091,434

 
$
1,107,922

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

Condensed Consolidating Statement of Cash Flows for the year ended December 31, 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
$
(4,109
)
 
$
(8,253
)
 
$
(2,272
)
 
$
(347,890
)
 
$
1,388,311

 
$
1,025,787

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
261,601

 
100,248

 
289,741

 
288,900

 
8,550,179

 
9,490,669

Purchases of fixed maturity investments trading
(344,463
)
 
(99,568
)
 
(143,991
)
 
(275,778
)
 
(9,229,732
)
 
(10,093,532
)
Net (purchases) sales of equity investments trading
—

 
(1,752
)
 
85,324

 
—

 
32,265

 
115,837

Net sales (purchases) of short term investments
243,571

 
114

 
41,299

 
(493
)
 
79,520

 
364,011

Net purchases of other investments
—

 
—

 
—

 
—

 
(19,419
)
 
(19,419
)
Return of investment from investment in other ventures
—

 
—

 
—

 
—

 
20,000

 
20,000

Dividends and return of capital from subsidiaries
478,496

 
9,175

 
—

 
41,866

 
(529,537
)
 
—

Contributions to subsidiaries
(669,672
)
 
—

 
(26,649
)
 
(9,890
)
 
706,211

 
—

Due to (from) subsidiaries
319,646

 
13

 
(123
)
 
(509
)
 
(319,027
)
 
—

Net cash provided by (used in) investing activities
289,179

 
8,230

 
245,601

 
44,096

 
(709,540
)
 
(122,434
)
Cash flows (used in) provided by financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(51,370
)
 
—

 
—

 
—

 
—

 
(51,370
)
Dividends paid – preference shares
(22,381
)
 
—

 
—

 
—

 
—

 
(22,381
)
RenaissanceRe common share repurchases
(188,591
)
 
—

 
—

 
—

 
—

 
(188,591
)
Issuance of debt, net of expenses
—

 
—

 
—

 
295,866

 
—

 
295,866

Repayment of debt
—

 
—

 
(250,000
)
 
—

 
—

 
(250,000
)
Net third party redeemable noncontrolling interest share transactions
—

 
—

 
—

 
—

 
260,475

 
260,475

Taxes paid on withholding shares
(15,139
)
 
—

 
—

 
—

 
—

 
(15,139
)
Net cash (used in) provided by financing activities
(277,481
)
 
—

 
(250,000
)
 
295,866

 
260,475

 
28,860

Effect of exchange rate changes on foreign currency cash
—

 
—

 
—

 
—

 
8,222

 
8,222

Net increase (decrease) in cash and cash equivalents
7,589

 
(23
)
 
(6,671
)
 
(7,928
)
 
947,468

 
940,435

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
$
14,656

 
$
139

 
$
—

 
$
1,469

 
$
1,345,328

 
$
1,361,592


(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
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
$
(3,509
)
 
$
1,477

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

 
$
484,772

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
)
Taxes paid on withholding shares
(14,943
)
 
—

 
—

 
—

 
—

 
(14,943
)
Net cash used in financing activities
(398,341
)
 
—

 
—

 
—

 
(2,990
)
 
(401,331
)
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 year
10,185

 
5,908

 
7,103

 
677

 
483,012

 
506,885

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

 
$
162

 
$
6,671

 
$
9,397

 
$
397,860

 
$
421,157

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