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Schedule II. Condensed Financial Information Of Registrant
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information of Registrant
SCHEDULE II
RENAISSANCERE HOLDINGS LTD.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
RENAISSANCERE HOLDINGS LTD.
BALANCE SHEETS
AT DECEMBER 31, 2022 AND 2021
(PARENT COMPANY)
(THOUSANDS OF UNITED STATES DOLLARS)
 
 At December 31,
 20222021
Assets
Fixed maturity investments trading, at fair value - amortized cost $176,084 at December 31, 2022 (2021 - $—)
$175,842 $— 
Short term investments, at fair value - amortized cost $61,747 at December 31, 2022 (2021 - $46,503)
$61,747 $46,503 
Total investments237,589 46,503 
Cash and cash equivalents
7,048 35,834 
Investments in subsidiaries
4,477,418 6,137,229 
Due from subsidiaries
6,575 9,468 
Dividends due from subsidiaries
— — 
Accrued investment income
874 6 
Receivable for investments sold
80,327 3 
Other assets
898,553 859,176 
Goodwill and other intangible assets
104,718 108,261 
Total assets$5,813,102 $7,196,480 
Liabilities and Shareholders’ Equity
Liabilities
Notes and bank loans payable
$394,221 $393,306 
Due to subsidiaries
9,413 156,353 
Payable for investments purchased
74,428 — 
Other liabilities
9,766 22,540 
Total liabilities487,828 572,199 
Shareholders’ Equity
Preference shares: $1.00 par value – 30,000 shares issued and outstanding at December 31, 2022 (2021 – 30,000)
750,000 750,000 
Common shares: $1.00 par value – 43,717,836 shares issued and outstanding at December 31, 2022 (2021 – 44,444,831)
43,718 44,445 
Additional paid-in capital475,647 608,121 
Accumulated other comprehensive income (loss)(15,462)(10,909)
Retained earnings4,071,371 5,232,624 
Total shareholders’ equity5,325,274 6,624,281 
Total liabilities and shareholders’ equity$5,813,102 $7,196,480 
SCHEDULE II
RENAISSANCERE HOLDINGS LTD.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED
 
RENAISSANCERE HOLDINGS LTD.
STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 AND 2020
(PARENT COMPANY)
(THOUSANDS OF UNITED STATES DOLLARS) 
 Year ended December 31,
 202220212020
Revenues
Net investment income
$46,966 $38,347 $40,502 
Net foreign exchange gains (losses)
(46,796)(10,740)10,729 
Net realized and unrealized gains (losses) on investments(3,017)6,212 (4,556)
Total revenues(2,847)33,819 46,675 
Expenses
Interest expense
15,315 15,315 15,583 
Operational expenses
14,818 12,043 8,016 
Corporate expenses
39,614 35,946 47,223 
Total expenses
69,747 63,304 70,822 
Income (loss) before equity in net income of subsidiaries(72,594)(29,485)(24,147)
Equity in net income (loss) of subsidiaries(988,610)(10,670)786,552 
Net income (loss)(1,061,204)(40,155)762,405 
Dividends on preference shares
(35,375)(33,266)(30,923)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$(1,096,579)$(73,421)$731,482 

RENAISSANCERE HOLDINGS LTD.
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 AND 2020
(PARENT COMPANY)
(THOUSANDS OF UNITED STATES DOLLARS) 
Year ended December 31,
202220212020
Comprehensive income (loss)
Net income (loss)$(1,061,204)$(40,155)$762,405 
Change in net unrealized gains (losses) on investments, net of tax(4,923)(2,492)606 
Foreign currency translation adjustments, net of tax
370 4,225 (11,309)
Comprehensive income (loss) attributable to RenaissanceRe$(1,065,757)$(38,422)$751,702 
SCHEDULE II
RENAISSANCERE HOLDINGS LTD.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED
 
RENAISSANCERE HOLDINGS LTD.
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 AND 2020
(PARENT COMPANY)
(THOUSANDS OF UNITED STATES DOLLARS)
 Year ended December 31,
 202220212020
Cash flows provided by (used in) operating activities:
Net income (loss)$(1,061,204)$(40,155)$762,405 
Less: equity in net income of subsidiaries988,610 10,670 (786,552)
(72,594)(29,485)(24,147)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Net realized and unrealized (gains) losses on investments2,051 4,898 4,556 
Other36,601 59,873 37,782 
Net cash provided by (used in) operating activities(33,942)35,286 18,191 
Cash flows provided by (used in) investing activities:
Proceeds from maturities and sales of fixed maturity investments trading198,341 436,122 370,905 
Purchases of fixed maturity investments trading(375,804)(421,323)(384,415)
Net sales (purchases) of short term investments(21,037)78,904 64,209 
Dividends and return of capital from subsidiaries1,009,108 1,104,831 827,626 
Contributions to subsidiaries(349,336)(351,548)(1,623,708)
Due (to) from subsidiary(178,470)50,472 (65,438)
Net cash provided by (used in) investing activities282,802 897,458 (810,821)
Cash flows provided by (used in) financing activities:
Dividends paid – RenaissanceRe common shares(64,675)(67,828)(68,490)
Dividends paid – preference shares(35,396)(32,889)(30,923)
Issuance of debt, net of expenses— — — 
RenaissanceRe common share repurchases(166,664)(1,027,505)(62,621)
RenaissanceRe common share issuance— — 1,095,507 
Redemption of preference shares— (275,000)(125,000)
Issuance of preference shares, net of expenses— 488,653 — 
Taxes paid on withholding shares(10,911)(12,171)(12,330)
Net cash provided by (used in) financing activities(277,646)(926,740)796,143 
Effect of exchange rate changes on foreign currency cash— — (143)
Net increase (decrease) in cash and cash equivalents(28,786)6,004 3,370 
Cash and cash equivalents, beginning of year35,834 29,830 26,460 
Cash and cash equivalents, end of year$7,048 $35,834 $29,830