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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows provided by operating activities    
Net income $ 25,173 $ 353,128
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization, accretion and depreciation (4,405) (3,606)
Equity in undistributed earnings of other ventures 7,398 5,965
Net realized and unrealized losses (gains) on investments 110,707 (170,013)
Change in:    
Premiums receivable (505,545) (578,175)
Prepaid reinsurance premiums (384,145) (330,044)
Reinsurance recoverable 25,714 12,619
Deferred acquisition costs (75,884) (58,861)
Reserve for claims and claim expenses 22,358 (92,303)
Unearned premiums 714,939 709,046
Reinsurance balances payable 944,684 837,333
Other (405,528) (307,940)
Net cash provided by operating activities 475,466 377,149
Cash flows used in investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 3,661,294 4,600,808
Purchases of fixed maturity investments trading (3,370,394) (3,519,277)
Net purchases of equity investments trading (44,514) (4,601)
Net purchases of short term investments (704,226) (1,374,632)
Net purchases of other investments (79,711) (51,811)
Net purchases of investments in other ventures (1,888) (1,573)
Return of investment from investment in other ventures 9,157 11,250
Net purchase of TMR 0 (276,206)
Net cash used in investing activities (530,282) (616,042)
Cash flows (used in) provided by financing activities    
Dividends paid – RenaissanceRe common shares (15,359) (14,469)
Dividends paid – preference shares (9,056) (9,189)
RenaissanceRe common share repurchases (62,621) 0
Repayment of debt (250,000) 0
Repayment of RenaissanceRe Revolving Credit Facility 0 200,000
Redemption of 6.08% Series C preference shares (125,000) 0
Net third party redeemable noncontrolling interest share transactions 42,599 (16,847)
Taxes paid on withholding shares (10,180) (6,957)
Net cash (used in) provided by financing activities (429,617) 152,538
Effect of exchange rate changes on foreign currency cash 1,581 (292)
Net decrease in cash and cash equivalents (482,852) (86,647)
Cash and cash equivalents, beginning of period 1,379,068 1,107,922
Cash and cash equivalents, end of period $ 896,216 $ 1,021,275