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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows provided by (used in) operating activities      
Net income (loss) $ 3,620,127 $ (1,159,816) $ (103,440)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
Amortization, accretion and depreciation (134,753) (26,950) (20,989)
Equity in undistributed (earnings) losses of other ventures (7,642) 10,723 13,200
Net realized and unrealized (gains) losses on investments (482,794) 1,635,192 205,897
Change in:      
Premiums receivable (126,852) (1,357,929) (886,911)
Prepaid reinsurance premiums 223,385 (166,690) (31,140)
Reinsurance recoverable 663,909 (442,256) (1,342,659)
Deferred acquisition costs and value of business acquired 37,301 (322,578) (215,639)
Reserve for claims and claim expenses (34,656) 2,597,943 2,913,492
Unearned premiums (227,001) 1,027,894 767,614
Reinsurance balances payable (1,040,110) 67,318 372,611
Other (579,280) (259,168) (437,221)
Net cash provided by (used in) operating activities 1,911,634 1,603,683 1,234,815
Cash flows provided by (used in) investing activities      
Proceeds from sales and maturities of fixed maturity investments trading 21,796,577 22,086,168 15,543,565
Purchases of fixed maturity investments trading (24,771,411) (24,923,131) (15,680,351)
Net sales (purchases) of equity investments 564,325 (202,309) 206,595
Net sales (purchases) of short term investments 1,843,180 640,411 (252,833)
Net sales (purchases) of other investments (801,850) (618,790) (617,782)
Net sales (purchases) of investments in other ventures (25,265) (773) (23,835)
Return of investment from investment in other ventures 5,554 2,248 8,345
Net purchase of Validus (2,433,746) 0 0
Net cash provided by (used in) investing activities (3,822,636) (3,016,176) (816,296)
Cash flows provided by (used in) financing activities      
Dividends paid – RenaissanceRe common shares (75,112) (64,675) (67,828)
Dividends paid – preference shares (35,375) (35,396) (32,889)
RenaissanceRe common share repurchases 0 (166,664) (1,027,505)
RenaissanceRe common share issuance 1,351,608 0 0
Issuance of debt, net of expenses 740,581 0 0
Repayment of Medici Revolving Credit Facility (30,000) 0 0
Drawdown of Medici Revolving Credit Facility 75,000 0 30,000
Redemption of preference shares 0 0 (275,000)
Issuance of preference shares, net of expenses 0 0 488,653
Net third-party redeemable noncontrolling interest share transactions 582,455 1,002,988 594,279
Taxes paid on withholding shares (20,518) (10,911) (12,171)
Net cash provided by (used in) financing activities 2,588,639 725,342 (302,461)
Effect of exchange rate changes on foreign currency cash 5,542 22,471 6,148
Net increase (decrease) in cash and cash equivalents 683,179 (664,680) 122,206
Cash and cash equivalents, beginning of year 1,194,339 1,859,019 1,736,813
Cash and cash equivalents, end of year 1,877,518 1,194,339 1,859,019
Supplemental disclosure of cash flow information      
Income taxes paid (refunded) 26,777 3,129 (4,261)
Interest paid 73,543 46,247 21,172
Non-cash consideration [1] $ 285,168 $ 0 $ 0
[1] Represents the non-cash component of the total Validus acquisition consideration. Refer to "Note 3. Acquisition of Validus” for additional information related to the Validus Acquisition.