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Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Tables)
 3 Months Ended
Mar. 31, 2020
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Schedule of Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheet at March 31, 2020
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenaissanceRe Finance Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Total investments
$
275,173

 
$
24,564

 
$
17,518,860

 
$
—

 
$
17,818,597

Cash and cash equivalents
3,066

 
16,089

 
877,061

 
—

 
896,216

Investments in subsidiaries
5,017,427

 
1,392,419

 
641,103

 
(7,050,949
)
 
—

Due from subsidiaries and affiliates
11,712

 
—

 
(11,712
)
 
—

 
—

Premiums receivable
—

 
—

 
3,105,441

 
—

 
3,105,441

Prepaid reinsurance premiums
—

 
—

 
1,151,926

 
—

 
1,151,926

Reinsurance recoverable
—

 
—

 
2,765,583

 
—

 
2,765,583

Accrued investment income
—

 
43

 
73,453

 
—

 
73,496

Deferred acquisition costs
—

 
—

 
739,875

 
—

 
739,875

Receivable for investments sold
2,186

 
—

 
339,600

 
—

 
341,786

Other assets
784,513

 
9,937

 
300,107

 
(782,034
)
 
312,523

Goodwill and other intangible assets
115,186

 
—

 
144,890

 
—

 
260,076

Total assets
$
6,209,263

 
$
1,443,052

 
$
27,646,187

 
$
(7,832,983
)
 
$
27,465,519

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

 
$
—

 
$
9,406,707

 
$
—

 
$
9,406,707

Unearned premiums
—

 
—

 
3,245,914

 
—

 
3,245,914

Debt
483,203

 
721,867

 
711,040

 
(781,415
)
 
1,134,695

Amounts due to subsidiaries and affiliates
21,756

 
117,770

 
(139,526
)
 
—

 
—

Reinsurance balances payable
—

 
—

 
3,775,375

 
—

 
3,775,375

Payable for investments purchased
1,100

 
—

 
635,036

 
—

 
636,136

Other liabilities
19,678

 
11,366

 
1,534,530

 
(1,214,254
)
 
351,320

Total liabilities
525,737

 
851,003

 
19,169,076

 
(1,995,669
)
 
18,550,147

Redeemable noncontrolling interests
—

 
—

 
3,231,846

 
—

 
3,231,846

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
5,683,526

 
592,049

 
5,245,265

 
(5,837,314
)
 
5,683,526

Total liabilities, noncontrolling interests and shareholders’ equity
$
6,209,263

 
$
1,443,052

 
$
27,646,187

 
$
(7,832,983
)
 
$
27,465,519

 
(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, 2019
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenaissanceRe Finance Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Total investments
$
190,451

 
$
288,137

 
$
16,890,201

 
$
—

 
$
17,368,789

Cash and cash equivalents
26,460

 
8,731

 
1,343,877

 
—

 
1,379,068

Investments in subsidiaries
5,204,260

 
1,426,838

 
48,247

 
(6,679,345
)
 
—

Due from subsidiaries and affiliates
10,725

 
—

 
101,579

 
(112,304
)
 
—

Premiums receivable
—

 
—

 
2,599,896

 
—

 
2,599,896

Prepaid reinsurance premiums
—

 
—

 
767,781

 
—

 
767,781

Reinsurance recoverable
—

 
—

 
2,791,297

 
—

 
2,791,297

Accrued investment income
—

 
1,171

 
71,290

 
—

 
72,461

Deferred acquisition costs
—

 
—

 
663,991

 
—

 
663,991

Receivable for investments sold
173

 
—

 
78,196

 
—

 
78,369

Other assets
847,406

 
12,211

 
312,556

 
(825,957
)
 
346,216

Goodwill and other intangible assets
116,212

 
—

 
146,014

 
—

 
262,226

Total assets
$
6,395,687

 
$
1,737,088

 
$
25,814,925

 
$
(7,617,606
)
 
$
26,330,094

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

 
$
—

 
$
9,384,349

 
$
—

 
$
9,384,349

Unearned premiums
—

 
—

 
2,530,975

 
—

 
2,530,975

Debt
391,475

 
970,255

 
148,349

 
(125,974
)
 
1,384,105

Amounts due to subsidiaries and affiliates
6,708

 
102,493

 
51

 
(109,252
)
 
—

Reinsurance balances payable
—

 
—

 
2,830,691

 
—

 
2,830,691

Payable for investments purchased
—

 
—

 
225,275

 
—

 
225,275

Other liabilities
26,137

 
14,162

 
899,960

 
(8,235
)
 
932,024

Total liabilities
424,320

 
1,086,910

 
16,019,650

 
(243,461
)
 
17,287,419

Redeemable noncontrolling interests
—

 
—

 
3,071,308

 
—

 
3,071,308

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
5,971,367

 
650,178

 
6,723,967

 
(7,374,145
)
 
5,971,367

Total liabilities, redeemable noncontrolling interest and shareholders’ equity
$
6,395,687

 
$
1,737,088

 
$
25,814,925

 
$
(7,617,606
)
 
$
26,330,094

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Schedule of Condensed Consolidating Statements of Operations


Condensed Consolidating Statement of Operations for the year ended March 31, 2019
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
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
$
—

 
$
—

 
$
550,028

 
$
—

 
$
550,028

Net investment income
8,277

 
2,060

 
80,559

 
(8,802
)
 
82,094

Net foreign exchange losses
(1
)
 
—

 
(2,845
)
 
—

 
(2,846
)
Equity in earnings of other ventures
—

 
965

 
3,696

 
—

 
4,661

Other income
—

 
—

 
3,171

 
—

 
3,171

Net realized and unrealized gains on investments
1,002

 
109

 
168,902

 
—

 
170,013

Total revenues
9,278

 
3,134

 
803,511

 
(8,802
)
 
807,121

Expenses
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred
—

 
—

 
227,035

 
—

 
227,035

Acquisition expenses
—

 
—

 
123,951

 
—

 
123,951

Operational expenses
469

 
12,333

 
42,620

 
(10,489
)
 
44,933

Corporate expenses
38,828

 
—

 
(1,922
)
 
1,883

 
38,789

Interest expense
1,883

 
9,252

 
619

 
—

 
11,754

Total expenses
41,180

 
21,585

 
392,303

 
(8,606
)
 
446,462

(Loss) income before equity in net income of subsidiaries and taxes
(31,902
)
 
(18,451
)
 
411,208

 
(196
)
 
360,659

Equity in net income of subsidiaries
314,887

 
33,532

 
828

 
(349,247
)
 
—

Income before taxes
282,985

 
15,081

 
412,036

 
(349,443
)
 
360,659

Income tax (expense) benefit
(79
)
 
1,662

 
(9,114
)
 
—

 
(7,531
)
Net income
282,906

 
16,743

 
402,922

 
(349,443
)
 
353,128

Net income attributable to redeemable noncontrolling interests
—

 
—

 
(70,222
)
 
—

 
(70,222
)
Net income attributable to RenaissanceRe
282,906

 
16,743

 
332,700

 
(349,443
)
 
282,906

Dividends on preference shares
(9,189
)
 
—

 
—

 
—

 
(9,189
)
Net income available to RenaissanceRe common shareholders
$
273,717

 
$
16,743

 
$
332,700

 
$
(349,443
)
 
$
273,717

 
(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 three months ended March 31, 2020
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
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
$
—

 
$
—

 
$
913,098

 
$
—

 
$
913,098

Net investment income
10,488

 
883

 
98,542

 
(10,440
)
 
99,473

Net foreign exchange (losses) gains
(7,330
)
 
—

 
1,602

 
—

 
(5,728
)
Equity in earnings of other ventures
—

 
389

 
4,175

 
—

 
4,564

Other income (loss)
372

 
—

 
11,073

 
(15,881
)
 
(4,436
)
Net realized and unrealized (losses) gains on investments
(21,118
)
 
116

 
(89,705
)
 
—

 
(110,707
)
Total revenues
(17,588
)
 
1,388

 
938,785

 
(26,321
)
 
896,264

Expenses
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred
—

 
—

 
570,954

 
—

 
570,954

Acquisition expenses
—

 
—

 
210,604

 
—

 
210,604

Operational expenses
2,732

 
17,318

 
62,919

 
(15,508
)
 
67,461

Corporate expenses
8,679

 
—

 
7,312

 
—

 
15,991

Interest expense
3,828

 
9,969

 
11,517

 
(10,387
)
 
14,927

Total expenses
15,239

 
27,287

 
863,306

 
(25,895
)
 
879,937

(Loss) income before equity in net (loss) income of subsidiaries and taxes
(32,827
)
 
(25,899
)
 
75,479

 
(426
)
 
16,327

Equity in net (loss) income of subsidiaries
(39,673
)
 
(33,669
)
 
16,639

 
56,703

 
—

(Loss) income before taxes
(72,500
)
 
(59,568
)
 
92,118

 
56,277

 
16,327

Income tax (expense) benefit
(418
)
 
2,186

 
7,078

 
—

 
8,846

Net (loss) income
(72,918
)
 
(57,382
)
 
99,196

 
56,277

 
25,173

Net income attributable to redeemable noncontrolling interests
—

 
—

 
(98,091
)
 
—

 
(98,091
)
Net (loss) income attributable to RenaissanceRe
(72,918
)
 
(57,382
)
 
1,105

 
56,277

 
(72,918
)
Dividends on preference shares
(9,056
)
 
—

 
—

 
—

 
(9,056
)
Net (loss) income (attributable) available to RenaissanceRe common shareholders
$
(81,974
)
 
$
(57,382
)
 
$
1,105

 
$
56,277

 
$
(81,974
)
 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss)
Condensed Consolidating Statement of Comprehensive (Loss) Income for the three months ended March 31, 2020
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
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
$
(72,918
)
 
$
(57,382
)
 
$
99,196

 
$
56,277

 
$
25,173

Change in net unrealized gains on investments, net of tax
(657
)
 
745

 
(14,562
)
 
13,817

 
(657
)
Foreign currency translation adjustments, net of tax
932

 
—

 

 
—

 
932

Comprehensive (loss) income
(72,643
)
 
(56,637
)
 
84,634

 
70,094

 
25,448

Net income attributable to redeemable noncontrolling interests
—

 
—

 
(98,091
)
 
—

 
(98,091
)
Comprehensive income attributable to noncontrolling interests
—

 
—

 
(98,091
)
 
—

 
(98,091
)
Comprehensive (loss) income attributable to RenaissanceRe
$
(72,643
)
 
$
(56,637
)
 
$
(13,457
)
 
$
70,094

 
$
(72,643
)
(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 three months ended March 31, 2019
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
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
$
282,906

 
$
16,743

 
$
402,922

 
$
(349,443
)
 
$
353,128

Change in net unrealized losses on investments
—

 
—

 
(37
)
 
—

 
(37
)
Comprehensive income
282,906

 
16,743

 
402,885

 
(349,443
)
 
353,091

Net income attributable to redeemable noncontrolling interests
—

 
—

 
(70,222
)
 
—

 
(70,222
)
Comprehensive income attributable to noncontrolling interests
—

 
—

 
(70,222
)
 
—

 
(70,222
)
Comprehensive income attributable to RenaissanceRe
$
282,906

 
$
16,743

 
$
332,663

 
$
(349,443
)
 
$
282,869

(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Schedule of Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statement of Cash Flows for the three months ended March 31, 2020
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenaissanceRe Finance Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
RenaissanceRe
Consolidated
Cash flows provided by (used in) operating activities
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
6,839

 
$
(21,068
)
 
$
489,695

 
$
475,466

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

 
2,493

 
3,658,801

 
3,661,294

Purchases of fixed maturity investments trading
—

 
(17,602
)
 
(3,352,792
)
 
(3,370,394
)
Net purchases of equity investments trading
—

 
—

 
(44,514
)
 
(44,514
)
Net (purchases) sales of short term investments
(85,628
)
 
278,258

 
(896,856
)
 
(704,226
)
Net purchases of other investments
—

 
—

 
(79,711
)
 
(79,711
)
Net purchases of investments in other ventures
—

 
—

 
(1,888
)
 
(1,888
)
Return of investment from investments in other ventures
—

 
—

 
9,157

 
9,157

Dividends and return of capital from subsidiaries
216,243

 
—

 
(216,243
)
 
—

Contributions to subsidiaries
(64,952
)
 
—

 
64,952

 
—

Due to (from) subsidiary
126,320

 
15,277

 
(141,597
)
 
—

Net cash provided by (used in) investing activities
191,983

 
278,426

 
(1,000,691
)
 
(530,282
)
Cash flows (used in) provided by financing activities
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(15,359
)
 
—

 
—

 
(15,359
)
Dividends paid – preference shares
(9,056
)
 
—

 
—

 
(9,056
)
RenaissanceRe common share repurchases
(62,621
)
 
—

 
—

 
(62,621
)
Redemption of 6.08% Series C preference shares
(125,000
)
 
—

 
—

 
(125,000
)
Repayment of debt
—

 
(250,000
)
 
—

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

 
—

 
42,599

 
42,599

Taxes paid on withholding shares
(10,180
)
 
—

 
—

 
(10,180
)
Net cash (used in) provided by financing activities
(222,216
)
 
(250,000
)
 
42,599

 
(429,617
)
Effect of exchange rate changes on foreign currency cash
—

 
—

 
1,581

 
1,581

Net (decrease) increase in cash and cash equivalents
(23,394
)
 
7,358

 
(466,816
)
 
(482,852
)
Cash and cash equivalents, beginning of period
26,460

 
8,731

 
1,343,877

 
1,379,068

Cash and cash equivalents, end of period
$
3,066

 
$
16,089

 
$
877,061

 
$
896,216

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the three months ended March 31, 2019
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
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
$
(317,296
)
 
$
(21,202
)
 
$
715,647

 
$
377,149

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
277,030

 
29,861

 
4,293,917

 
4,600,808

Purchases of fixed maturity investments trading
(35,909
)
 
(14,098
)
 
(3,469,270
)
 
(3,519,277
)
Net purchases of equity investments trading
—

 
—

 
(4,601
)
 
(4,601
)
Net purchases of short term investments
(54,622
)
 
(4,946
)
 
(1,315,064
)
 
(1,374,632
)
Net purchases of other investments
—

 
—

 
(51,811
)
 
(51,811
)
Net purchases of investment in other venture
—

 
—

 
(1,573
)
 
(1,573
)
Return of investment from investment in other ventures
—

 
—

 
11,250

 
11,250

Dividends and return of capital from subsidiaries
487,264

 
—

 
(487,264
)
 
—

Contributions to subsidiaries
(528,416
)
 
—

 
528,416

 
—

Due (from) to subsidiaries
2,100

 
6,629

 
(8,729
)
 
—

Net purchase of TMR
—

 
—

 
(276,206
)
 
(276,206
)
Net cash provided by (used in) investing activities
147,447

 
17,446

 
(780,935
)
 
(616,042
)
Cash flows provided by (used in) financing activities
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(14,469
)
 
—

 
—

 
(14,469
)
Dividends paid – preference shares
(9,189
)
 
—

 
—

 
(9,189
)
Drawdown of RenaissanceRe Revolving Credit Facility
200,000

 
—

 
—

 
200,000

Net third party redeemable noncontrolling interest share transactions
—

 
—

 
(16,847
)
 
(16,847
)
Taxes paid on withholding shares
(6,957
)
 
—

 
—

 
(6,957
)
Net cash provided by (used in) financing activities
169,385

 
—

 
(16,847
)
 
152,538

Effect of exchange rate changes on foreign currency cash
—

 
—

 
(292
)
 
(292
)
Net decrease in cash and cash equivalents
(464
)
 
(3,756
)
 
(82,427
)
 
(86,647
)
Cash and cash equivalents, beginning of period
3,534

 
9,604

 
1,094,784

 
1,107,922

Cash and cash equivalents, end of period
$
3,070

 
$
5,848

 
$
1,012,357

 
$
1,021,275

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