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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows provided by (used in) operating activities    
Net income (loss) $ 1,215,066 $ (664,219)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Amortization, accretion and depreciation (73,232) 9,583
Equity in undistributed (earnings) losses of other ventures 2,831 13,961
Net realized and unrealized (gains) losses on investments (109,559) 1,220,758
Change in:    
Premiums receivable (1,351,415) (1,626,675)
Prepaid reinsurance premiums (165,765) (499,843)
Reinsurance recoverable 21,574 62,210
Deferred acquisition costs (129,254) (240,266)
Reserve for claims and claim expenses 245,555 148,176
Unearned premiums 1,158,195 1,586,004
Reinsurance balances payable (147,871) 524,871
Other (39,451) (265,391)
Net cash provided by (used in) operating activities 626,674 269,169
Cash flows provided by (used in) investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 8,149,227 10,527,219
Purchases of fixed maturity investments trading (9,719,075) (11,743,171)
Net sales (purchases) of equity investments 546,399 (286,399)
Net sales (purchases) of short term investments (1,656,772) 939,736
Net sales (purchases) of other investments (490,366) (397,523)
Net sales (purchases) of investments in other ventures (13,048)  
Net sales (purchases) of investments in other ventures   2,391
Return of investment from investment in other ventures 2,369 2,213
Net cash provided by (used in) investing activities (3,181,266) (955,534)
Cash flows provided by (used in) financing activities    
Dividends paid – RenaissanceRe common shares (35,992) (32,437)
Dividends paid – preference shares (17,688) (17,780)
RenaissanceRe common share issuance, net of expenses 1,352,583 0
RenaissanceRe common share repurchases 0 (141,356)
Issuance of debt, net of expenses 741,597 0
Repayment of debt (30,000) 0
Net third-party redeemable noncontrolling interest share transactions 310,135 408,774
Taxes paid on withholding shares (18,837) (10,848)
Net cash provided by (used in) financing activities 2,301,798 206,353
Effect of exchange rate changes on foreign currency cash 2,390 19,088
Net increase (decrease) in cash and cash equivalents (250,404) (460,924)
Cash and cash equivalents, beginning of period 1,194,339 1,859,019
Cash and cash equivalents, end of period $ 943,935 $ 1,398,095