Debt and Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

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, 2019				December 31, 2018
	Fair Value		Carrying Value		Fair Value		Carrying Value
3.600% Senior Notes due 2029	$	424,920	$	391,475	$	—	$	—
3.450% Senior Notes due 2027	314,070		296,292		283,680		295,797
3.700% Senior Notes due 2025	318,567		298,057		292,557		297,688
5.750% Senior Notes due 2020	251,030		249,931		255,938		249,602
4.750% Senior Notes due 2025 (DaVinciRe) (1)	160,031		148,350		142,539		148,040
	$	1,468,618	$	1,384,105	$	974,714	$	991,127

(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 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, 2019:

2020	$	250,000
2021	—
2022	—
2023	—
2024	—
After 2024	1,150,000
Unamortized discount and debt issuance expenses	(15,895		)
	$	1,384,105

Schedule 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, 2019	Issued or Drawn
Revolving Credit Facility (1)	$	—
Bilateral Letter of Credit Facilities
Secured	298,063
Unsecured	381,770
Funds at Lloyd’s Letter of Credit Facility	290,000
TMR Letters of Credit (2)	140,923
	$	1,110,756

(1) At December 31, 2019, no amounts were issued or drawn under this facility.

(2) These letters of credit were transferred to us in connection with the acquisition of TMR. Refer to “Note 3. Acquisition of Tokio Millennium Re” for additional information related to the acquisition of TMR.