Debt and Credit Facilities (Tables)

12 Months Ended

Dec. 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:




	December 31, 2018				December 31, 2017
	Fair Value		Carrying Value		Fair Value		Carrying Value
3.450% Senior Notes due 2027	$	283,680	$	295,797	$	294,654	$	295,303
3.700% Senior Notes due 2025	292,557		297,688		302,781		297,318
5.750% Senior Notes due 2020	255,938		249,602		263,750		249,272
4.750% Senior Notes due 2025 (DaVinciRe) (1)	142,539		148,040		157,050		147,730
	$	974,714	$	991,127	$	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 December 31, 2018	Issued or Drawn
RenaissanceRe Revolving Credit Facility (1)	$	—
Uncommitted Standby Letter of Credit Facility with Wells Fargo	86,861
Bilateral Letter of Credit Facility with Citibank Europe	243,696
Renaissance Reinsurance FAL Facility	180,000
Total credit facilities in U.S. dollars	$	510,557

Specialty Risks FAL Facility (1)	£	—
Total credit facilities in pound sterling	£	—

Schedule of Aggregate Amount of Maturities Related to the Company's Debt Obligations

The following table sets forth the scheduled maturity of the Company’s aggregate amount of its debt obligation reflected on its consolidated balance sheet at December 31, 2018:




2019	$	—
2020	250,000
2021	—
2022	—
2023	—
After 2023	750,000
Unamortized discount and debt issuance expenses	(8,873		)
	$	991,127