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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows provided by operating activities      
Net income (loss) $ 950,267 $ 268,917 $ (354,671)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Amortization, accretion and depreciation (58,964) 123 31,242
Equity in undistributed (earnings) losses of other ventures (762) (3,772) 6,295
Net realized and unrealized (gains) losses on investments (414,483) 175,069 (135,822)
Net unrealized (gains) losses included in net investment income (12,221) 8,309 (24,737)
Change in:      
Premiums receivable (424,973) (232,566) (317,299)
Prepaid reinsurance premiums (11,798) (82,639) (92,286)
Reinsurance recoverable 129,665 (785,591) (1,307,066)
Deferred acquisition costs 118,676 (50,110) (91,226)
Reserve for claims and claim expenses 900,562 995,863 2,232,114
Unearned premiums 51,343 238,412 246,036
Reinsurance balances payable 658,532 912,966 315,107
Other 251,351 (223,280) 518,100
Net cash provided by operating activities 2,137,195 1,221,701 1,025,787
Cash flows used in investing activities      
Proceeds from sales and maturities of fixed maturity investments trading 17,313,940 11,585,576 9,490,669
Purchases of fixed maturity investments trading (17,919,343) (12,489,972) (10,093,532)
Net (purchases) sales of equity investments trading (7,841) 14,156 115,837
Net (purchases) sales of short term investments (1,900,741) (1,436,389) 364,011
Net purchases of other investments (202,878) (199,475) (19,419)
Net purchases of investments in other ventures (2,717) (21,473) 0
Return of investment from investment in other ventures 11,250 8,464 20,000
Net (purchases) sales of other assets (4,108) 2,500 0
Net purchase of TMR (276,206) 0 0
Net cash used in investing activities (2,988,644) (2,536,613) (122,434)
Cash flows provided by financing activities      
Dividends paid – RenaissanceRe common shares (59,368) (52,841) (51,370)
Dividends paid – preference shares (36,756) (30,088) (22,381)
RenaissanceRe common share repurchases 0 0 (188,591)
RenaissanceRe common share issuance 0 250,000 0
Issuance of debt, net of expenses 396,411 0 295,866
Repayment of debt 0 0 (250,000)
Issuance of preference shares, net of expenses 0 241,448 0
Net third-party redeemable noncontrolling interest share transactions 827,083 665,683 260,475
Taxes paid on withholding shares (7,253) (7,862) (15,139)
Net cash provided by financing activities 1,120,117 1,066,340 28,860
Effect of exchange rate changes on foreign currency cash 2,478 (5,098) 8,222
Net increase (decrease) in cash and cash equivalents 271,146 (253,670) 940,435
Cash and cash equivalents, beginning of year 1,107,922 1,361,592 421,157
Cash and cash equivalents, end of year 1,379,068 1,107,922 1,361,592
Supplemental Cash Flow Information      
Income taxes paid 9,749 341 343
Interest paid $ 53,220 $ 45,623 $ 44,171