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Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries (Tables)
6 Months Ended
Jun. 30, 2016
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheet at June 30, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
172,593

 
$
123,921

 
$
280,615

 
$

 
$
8,433,088

 
$

 
$
9,010,217

Cash and cash equivalents
2,382

 
35

 
1,893

 
614

 
450,597

 

 
455,521

Investments in subsidiaries
4,022,891

 
46,835

 
902,329

 
1,226,829

 

 
(6,198,884
)
 

Due from subsidiaries and affiliates
104,582

 
84,027

 

 

 

 
(188,609
)
 

Premiums receivable

 

 

 

 
1,332,667

 

 
1,332,667

Prepaid reinsurance premiums

 

 

 

 
533,092

 

 
533,092

Reinsurance recoverable

 

 

 

 
222,006

 

 
222,006

Accrued investment income
323

 
308

 
434

 

 
36,835

 

 
37,900

Deferred acquisition costs

 

 

 

 
331,152

 

 
331,152

Receivable for investments sold
32

 
1

 
14

 

 
203,118

 

 
203,165

Other assets
402,158

 
27,115

 
11,684

 
121,277

 
107,850

 
(509,211
)
 
160,873

Goodwill and other intangible assets
133,736

 

 

 

 
124,434

 

 
258,170

Total assets
$
4,838,697

 
$
282,242

 
$
1,196,969

 
$
1,348,720

 
$
11,774,839

 
$
(6,896,704
)
 
$
12,544,763

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

 
$

 
$

 
$

 
$
2,844,243

 
$

 
$
2,844,243

Unearned premiums

 

 

 

 
1,518,106

 

 
1,518,106

Debt
117,000

 

 
261,774

 
545,537

 
147,266

 
(117,000
)
 
954,577

Amounts due to subsidiaries and affiliates
138

 
94

 
112

 
92,338

 

 
(92,682
)
 

Reinsurance balances payable

 

 

 

 
753,699

 

 
753,699

Payable for investments purchased

 
57

 
85

 

 
432,784

 

 
432,926

Other liabilities
18,342

 
(359
)
 
9,689

 

 
198,942

 
(11,022
)
 
215,592

Total liabilities
135,480

 
(208
)
 
271,660

 
637,875

 
5,895,040

 
(220,704
)
 
6,719,143

Redeemable noncontrolling interests

 

 

 

 
1,122,403

 

 
1,122,403

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
4,703,217

 
282,450

 
925,309

 
710,845

 
4,757,396

 
(6,676,000
)
 
4,703,217

Total liabilities, noncontrolling interests and shareholders’ equity
$
4,838,697

 
$
282,242

 
$
1,196,969

 
$
1,348,720

 
$
11,774,839

 
$
(6,896,704
)
 
$
12,544,763

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Balance Sheet at December 31, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
349,892

 
$
127,087

 
$
205,777

 
$

 
$
8,316,312

 
$

 
$
8,999,068

Cash and cash equivalents
10,185

 
5,908

 
7,103

 
677

 
483,012

 

 
506,885

Investments in subsidiaries
3,902,519

 
48,754

 
867,909

 
1,185,736

 

 
(6,004,918
)
 

Due from subsidiaries and affiliates
81,282

 
69,739

 

 

 

 
(151,021
)
 

Premiums receivable

 

 

 

 
778,009

 

 
778,009

Prepaid reinsurance premiums

 

 

 

 
230,671

 

 
230,671

Reinsurance recoverable

 

 

 

 
134,526

 

 
134,526

Accrued investment income
1,253

 
169

 
348

 

 
37,979

 

 
39,749

Deferred acquisition costs

 

 

 

 
199,380

 

 
199,380

Receivable for investments sold
26

 
1

 
68,537

 

 
152,270

 

 
220,834

Other assets
390,302

 
29,532

 
12,852

 
115,456

 
124,215

 
(491,346
)
 
181,011

Goodwill and other intangible assets
137,064

 

 

 

 
128,090

 

 
265,154

Total assets
$
4,872,523

 
$
281,190

 
$
1,162,526

 
$
1,301,869

 
$
10,584,464

 
$
(6,647,285
)
 
$
11,555,287

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

 
$

 
$

 
$

 
$
2,767,045

 
$

 
$
2,767,045

Unearned premiums

 

 

 

 
889,102

 

 
889,102

Debt
117,000

 

 
268,196

 
545,187

 
147,112

 
(117,000
)
 
960,495

Amounts due to subsidiaries and affiliates
2,641

 
202

 
204

 
68,204

 

 
(71,251
)
 

Reinsurance balances payable

 

 

 

 
523,974

 

 
523,974

Payable for investments purchased
999

 
6

 
25

 

 
390,348

 

 
391,378

Other liabilities
19,699

 
1,148

 
6,620

 

 
222,320

 
(4,642
)
 
245,145

Total liabilities
140,339

 
1,356

 
275,045

 
613,391

 
4,939,901

 
(192,893
)
 
5,777,139

Redeemable noncontrolling interests

 

 

 

 
1,045,964

 

 
1,045,964

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
4,732,184

 
279,834

 
887,481

 
688,478

 
4,598,599

 
(6,454,392
)
 
4,732,184

Total liabilities, redeemable noncontrolling interest and shareholders’ equity
$
4,872,523

 
$
281,190

 
$
1,162,526

 
$
1,301,869

 
$
10,584,464

 
$
(6,647,285
)
 
$
11,555,287

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

Condensed Consolidating Statements of Operations
Condensed Consolidating Statement of Operations for
the six months ended June 30, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe
North
America
Holdings
Inc.
(Subsidiary
Issuer)
 
Platinum
Underwriters
Finance, Inc.
(Subsidiary
Issuer)
 
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
$

 
$

 
$

 
$

 
$
676,588

 
$

 
$
676,588

Net investment income
2,722

 
631

 
1,181

 
504

 
75,072

 
(1,799
)
 
78,311

Net foreign exchange losses
2

 

 

 

 
(4,872
)
 

 
(4,870
)
Equity in earnings of other ventures

 

 

 

 
11,455

 

 
11,455

Other income
663

 

 

 

 
2,966

 
(663
)
 
2,966

Net realized and unrealized (losses) gains on investments
(496
)
 
1,015

 
(1,388
)
 

 
15,906

 

 
15,037

Total revenues
2,891

 
1,646

 
(207
)
 
504

 
777,115

 
(2,462
)
 
779,487

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 

 

 
246,197

 

 
246,197

Acquisition expenses

 

 

 

 
105,067

 

 
105,067

Operational expenses
3,441

 
3,478

 
1

 

 
93,380

 
(6
)
 
100,294

Corporate expenses
31,837

 
251

 

 
84

 
26,229

 

 
58,401

Interest expense
763

 
7,233

 
1,969

 
3,006

 
2,711

 
(504
)
 
15,178

Total expenses
36,041

 
10,962

 
1,970

 
3,090

 
473,584

 
(510
)
 
525,137

(Loss) income before equity in net income of subsidiaries and taxes
(33,150
)
 
(9,316
)
 
(2,177
)
 
(2,586
)
 
303,531

 
(1,952
)
 
254,350

Equity in net income of subsidiaries
285,417

 
5,548

 
10,126

 
48,515

 

 
(349,606
)
 

Income (loss) before taxes
252,267

 
(3,768
)
 
7,949

 
45,929

 
303,531

 
(351,558
)
 
254,350

Income tax benefit (expense)

 
32,748

 
(2,146
)
 
953

 
18,191

 

 
49,746

Net income
252,267

 
28,980

 
5,803

 
46,882

 
321,722

 
(351,558
)
 
304,096

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(51,829
)
 

 
(51,829
)
Net income (loss) attributable to RenaissanceRe
252,267

 
28,980

 
5,803

 
46,882

 
269,893

 
(351,558
)
 
252,267

Dividends on preference shares
(11,191
)
 

 

 

 

 

 
(11,191
)
Net income available to RenaissanceRe common shareholders
$
241,076

 
$
28,980

 
$
5,803

 
$
46,882

 
$
269,893

 
$
(351,558
)
 
$
241,076

 
(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 June, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe 
North
America
Holdings 
Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
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
$

 
$

 
$

 
$

 
$
379,828

 
$

 
$
379,828

Net investment income
98

 
300

 
1,221

 
468

 
37,342

 
(825
)
 
38,604

Net foreign exchange gains (losses)
12

 

 

 

 
(1,752
)
 

 
(1,740
)
Equity in earnings of other ventures

 

 

 

 
6,160

 

 
6,160

Other income
497

 

 

 

 
1,428

 
(498
)
 
1,427

Net realized and unrealized (losses) gains on investments
(535
)
 
609

 
(1,389
)
 

 
(25,397
)
 

 
(26,712
)
Total revenues
72

 
909

 
(168
)
 
468

 
397,609

 
(1,323
)
 
397,567

Expenses
 
 
 
 

 

 
 
 
 
 
 
Net claims and claim expenses incurred

 

 

 

 
169,344

 

 
169,344

Acquisition expenses

 

 

 

 
61,666

 

 
61,666

Operational expenses
(368
)
 
1,588

 

 

 
53,460

 
(7
)
 
54,673

Corporate expenses
7,351

 
212

 

 
84

 
5,221

 

 
12,868

Interest expense
468

 
3,557

 
1,477

 
2,784

 
2,044

 
(468
)
 
9,862

Total expenses
7,451

 
5,357

 
1,477

 
2,868

 
291,735

 
(475
)
 
308,413

(Loss) income before equity in net income of subsidiaries and taxes
(7,379
)
 
(4,448
)
 
(1,645
)
 
(2,400
)
 
105,874

 
(848
)
 
89,154

Equity in net income of subsidiaries
84,472

 
2,132

 
8,716

 
4,613

 

 
(99,933
)
 

Income (loss) before taxes
77,093

 
(2,316
)
 
7,071

 
2,213

 
105,874

 
(100,781
)
 
89,154

Income tax benefit (expense)
1,736

 
1,743

 
(1,451
)
 
888

 
(1,074
)
 

 
1,842

Net income (loss)
78,829

 
(573
)
 
5,620

 
3,101

 
104,800

 
(100,781
)
 
90,996

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(12,167
)
 

 
(12,167
)
Net income (loss) attributable to RenaissanceRe
78,829

 
(573
)
 
5,620

 
3,101

 
92,633

 
(100,781
)
 
78,829

Dividends on preference shares
(5,596
)
 

 

 

 

 

 
(5,596
)
Net income (loss) available (attributable) to RenaissanceRe common shareholders
$
73,233

 
$
(573
)
 
$
5,620

 
$
3,101

 
$
92,633

 
$
(100,781
)
 
$
73,233

 
(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 six months ended June 30, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
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
$

 
$

 
$

 
$

 
$
705,008

 
$

 
$
705,008

Net investment income
12,607

 
954

 
2,279

 
281

 
78,632

 
(11,766
)
 
82,987

Net foreign exchange losses
(2
)
 

 

 

 
(2,380
)
 

 
(2,382
)
Equity in earnings of other ventures

 

 

 

 
7,633

 

 
7,633

Other (loss) income
(791
)
 

 

 

 
7,524

 

 
6,733

Net realized and unrealized gains on investments
5,287

 
2,254

 
5,378

 

 
118,506

 

 
131,425

Total revenues
17,101

 
3,208

 
7,657

 
281

 
914,923

 
(11,766
)
 
931,404

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 

 

 
294,355

 

 
294,355

Acquisition expenses

 

 

 

 
134,597

 

 
134,597

Operational expenses
(1,805
)
 
(97
)
 
116

 
11,582

 
105,448

 
(7,936
)
 
107,308

Corporate expenses
10,794

 
203

 

 
7

 
2,973

 

 
13,977

Interest expense
281

 

 
2,953

 
13,087

 
5,034

 
(281
)
 
21,074

Total expenses
9,270

 
106

 
3,069

 
24,676

 
542,407

 
(8,217
)
 
571,311

Income (loss) before equity in net income of subsidiaries and taxes
7,831

 
3,102

 
4,588

 
(24,395
)
 
372,516

 
(3,549
)
 
360,093

Equity in net income (loss) of subsidiaries
265,215

 
1,533

 
34,421

 
41,644

 

 
(342,813
)
 

Income before taxes
273,046

 
4,635

 
39,009

 
17,249

 
372,516

 
(346,362
)
 
360,093

Income tax benefit (expense)
2,465

 
(1,467
)
 
(1,182
)
 
5,671

 
(14,843
)
 

 
(9,356
)
Net income
275,511

 
3,168

 
37,827

 
22,920

 
357,673

 
(346,362
)
 
350,737

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(75,226
)
 

 
(75,226
)
Net income attributable to RenaissanceRe
275,511

 
3,168

 
37,827

 
22,920

 
282,447

 
(346,362
)
 
275,511

Dividends on preference shares
(11,191
)
 

 

 

 

 

 
(11,191
)
Net income attributable to RenaissanceRe common shareholders
$
264,320

 
$
3,168

 
$
37,827

 
$
22,920

 
$
282,447

 
$
(346,362
)
 
$
264,320

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations for
the three months ended June 30, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
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
$

 
$

 
$

 
$

 
$
351,402

 
$

 
$
351,402

Net investment income
5,749

 
445

 
846

 
141

 
52,826

 
(5,883
)
 
54,124

Net foreign exchange losses
(1
)
 

 

 

 
(689
)
 

 
(690
)
Equity in earnings of other ventures

 

 

 

 
6,022

 

 
6,022

Other (loss) income
(791
)
 

 

 

 
3,445

 

 
2,654

Net realized and unrealized gains on investments
799

 
1,139

 
3,414

 

 
64,420

 

 
69,772

Total revenues
5,756

 
1,584

 
4,260

 
141

 
477,426

 
(5,883
)
 
483,284

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 

 

 
167,750

 

 
167,750

Acquisition expenses

 

 

 

 
69,005

 

 
69,005

Operational expenses
(1,104
)
 
44

 
64

 
4,573

 
50,352

 
(2,856
)
 
51,073

Corporate expenses
5,181

 
203

 

 
7

 
361

 

 
5,752

Interest expense
141

 

 
1,477

 
6,544

 
2,515

 
(141
)
 
10,536

Total expenses
4,218

 
247

 
1,541

 
11,124

 
289,983

 
(2,997
)
 
304,116

Income (loss) before equity in net income of subsidiaries and taxes
1,538

 
1,337

 
2,719

 
(10,983
)
 
187,443

 
(2,886
)
 
179,168

Equity in net income of subsidiaries
141,677

 
1,666

 
12,086

 
17,165

 

 
(172,594
)
 

Income before taxes
143,215

 
3,003

 
14,805

 
6,182

 
187,443

 
(175,480
)
 
179,168

Income tax (expense) benefit
(1,294
)
 
(906
)
 
(838
)
 
2,792

 
(6,366
)
 

 
(6,612
)
Net income
141,921

 
2,097

 
13,967

 
8,974

 
181,077

 
(175,480
)
 
172,556

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(30,635
)
 

 
(30,635
)
Net income attributable to RenaissanceRe
141,921

 
2,097

 
13,967

 
8,974

 
150,442

 
(175,480
)
 
141,921

Dividends on preference shares
(5,596
)
 

 

 

 

 

 
(5,596
)
Net income attributable to RenaissanceRe common shareholders
$
136,325

 
$
2,097

 
$
13,967

 
$
8,974

 
$
150,442

 
$
(175,480
)
 
$
136,325

 
(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 (Loss)
Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
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
$
275,511

 
$
3,168

 
$
37,827

 
$
22,920

 
$
357,673

 
$
(346,362
)
 
$
350,737

Change in net unrealized gains on investments

 

 

 

 
229

 

 
229

Comprehensive income
275,511

 
3,168

 
37,827

 
22,920

 
357,902

 
(346,362
)
 
350,966

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(75,226
)
 

 
(75,226
)
Comprehensive income attributable to noncontrolling interests

 

 

 

 
(75,226
)
 

 
(75,226
)
Comprehensive income attributable to RenaissanceRe
$
275,511

 
$
3,168

 
$
37,827

 
$
22,920

 
$
282,676

 
$
(346,362
)
 
$
275,740

(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income (Loss) for the three months ended June 30, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe 
North
America
Holdings 
Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
 
Consolidating
Adjustments
(2)
 
RenaissanceRe
Consolidated
Comprehensive income (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
$
78,829

 
$
(573
)
 
$
5,620

 
$
3,101

 
$
104,800

 
$
(100,781
)
 
$
90,996

Change in net unrealized gains on investments

 

 

 

 
(349
)
 

 
(349
)
Comprehensive income (loss)
78,829

 
(573
)
 
5,620

 
3,101

 
104,451

 
(100,781
)
 
90,647

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(12,167
)
 

 
(12,167
)
Comprehensive income attributable to redeemable noncontrolling interests

 

 

 

 
(12,167
)
 

 
(12,167
)
Comprehensive income (loss) attributable to RenaissanceRe
$
78,829

 
$
(573
)
 
$
5,620

 
$
3,101

 
$
92,284

 
$
(100,781
)
 
$
78,480

(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 (Loss) for the three months ended June 30, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
RenaissanceRe Finance, Inc. (Subsidiary Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Comprehensive income (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
141,921

 
$
2,097

 
$
13,967

 
$
8,974

 
$
181,077

 
$
(175,480
)
 
$
172,556

Change in net unrealized gains on investments

 

 

 

 
672

 

 
672

Comprehensive income
141,921

 
2,097

 
13,967

 
8,974

 
181,749

 
(175,480
)
 
173,228

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(30,635
)
 

 
(30,635
)
Comprehensive income attributable to redeemable noncontrolling interests

 

 

 

 
(30,635
)
 

 
(30,635
)
Comprehensive income attributable to RenaissanceRe
$
141,921

 
$
2,097

 
$
13,967

 
$
8,974

 
$
151,114

 
$
(175,480
)
 
$
142,593

(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 six months ended June 30, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe
North
America
Holdings
Inc.
(Subsidiary
Issuer)
 
Platinum
Underwriters
Finance, Inc.
(Subsidiary
Issuer)
 
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
$
252,267

 
$
28,980

 
$
5,803

 
$
46,882

 
$
321,722

 
$
(351,558
)
 
$
304,096

Change in net unrealized gains on investments

 

 

 

 
(423
)
 

 
(423
)
Comprehensive income
252,267

 
28,980

 
5,803

 
46,882

 
321,299

 
(351,558
)
 
303,673

Net income attributable to redeemable noncontrolling interests

 

 

 

 
(51,829
)
 

 
(51,829
)
Comprehensive income attributable to redeemable noncontrolling interests

 

 

 

 
(51,829
)
 

 
(51,829
)
Comprehensive income attributable to RenaissanceRe
$
252,267

 
$
28,980

 
$
5,803

 
$
46,882

 
$
269,470

 
$
(351,558
)
 
$
251,844

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

Condensed Consolidating Statements Of Cash Flows
Condensed Consolidating Statement of Cash Flows
for the six months ended June 30, 2016
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
 
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
$
(11,131
)
 
$
297

 
$
(3,914
)
 
$
(24,197
)
 
$
156,117

 
$
117,172

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
210,933

 
50,890

 
67,839

 

 
4,450,744

 
4,780,406

Purchases of fixed maturity investments trading
(324,462
)
 
(105,772
)
 
(203,883
)
 

 
(4,350,703
)
 
(4,984,820
)
Proceeds from sales and maturities of fixed maturity investments available for sale

 

 

 

 
5,216

 
5,216

Net (purchases) sales of equity investments trading

 
(2,195
)
 
193,207

 

 
(9,378
)
 
181,634

Net sales (purchases) of short term investments
195,915

 
62,403

 
(58,367
)
 

 
45,948

 
245,899

Net purchases of other investments

 

 

 

 
(52,778
)
 
(52,778
)
Dividends and return of capital from subsidiaries
341,011

 
2,900

 

 

 
(343,911
)
 

Contributions to subsidiaries
(95,001
)
 

 

 

 
95,001

 

Due (from) to subsidiary
(22,676
)
 
(14,396
)
 
(92
)
 
24,134

 
13,030

 

Net cash provided by (used in) investing activities
305,720

 
(6,170
)
 
(1,296
)
 
24,134

 
(146,831
)
 
175,557

Cash flows used in financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(26,198
)
 

 

 

 

 
(26,198
)
Dividends paid – preference shares
(11,191
)
 

 

 

 

 
(11,191
)
RenaissanceRe common share repurchases
(265,003
)
 

 

 

 

 
(265,003
)
Net third party redeemable noncontrolling interest share transactions

 

 

 

 
(43,909
)
 
(43,909
)
Net cash used in financing activities
(302,392
)
 

 

 

 
(43,909
)
 
(346,301
)
Effect of exchange rate changes on foreign currency cash

 

 

 

 
2,208

 
2,208

Net decrease in cash and cash equivalents
(7,803
)
 
(5,873
)
 
(5,210
)
 
(63
)
 
(32,415
)
 
(51,364
)
Cash and cash equivalents, beginning of period
10,185

 
5,908

 
7,103

 
677

 
483,012

 
506,885

Cash and cash equivalents, end of period
$
2,382

 
$
35

 
$
1,893

 
$
614

 
$
450,597

 
$
455,521

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe
North
America
Holdings
Inc.
(Subsidiary
Issuer)
 
Platinum
Underwriters
Finance, Inc.
(Subsidiary
Issuer)
 
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
$
59,434

 
$
(5,411
)
 
$
(10,030
)
 
$
(4,337
)
 
$
(69,026
)
 
$
(29,370
)
Cash flows (used in) provided by investing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
14,718

 
7,016

 
45,087

 

 
4,695,154

 
4,761,975

Purchases of fixed maturity investments trading
(56,559
)
 
(38,668
)
 

 

 
(4,500,891
)
 
(4,596,118
)
Proceeds from sales and maturities of fixed maturity investments available for sale

 

 

 

 
5,000

 
5,000

Net sales (purchases) of equity investments trading

 
33,687

 
(273,501
)
 

 
73,329

 
(166,485
)
Net (purchases) sales of short term investments
(1,088
)
 
(5,848
)
 
238,048

 

 
129,050

 
360,162

Net purchases of other investments

 

 

 

 
(1,250
)
 
(1,250
)
Net purchases of investments in other ventures

 

 

 

 
(45
)
 
(45
)
Net sales of other assets

 

 

 

 
4,500

 
4,500

Dividends and return of capital from subsidiaries
1,050,762

 
193,850

 

 

 
(1,244,612
)
 

Contributions to subsidiaries
(231,964
)
 

 

 
(180,000
)
 
411,964

 

Due to (from) subsidiaries
114,266

 
(183,513
)
 
(52
)
 
(114,839
)
 
184,138

 

Net purchase of Platinum
(904,433
)
 

 
1,537

 

 
224,744

 
(678,152
)
Net cash (used in) provided by investing activities
(14,298
)
 
6,524

 
11,119

 
(294,839
)
 
(18,919
)
 
(310,413
)
Cash flows (used in) provided by financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(27,479
)
 

 

 

 

 
(27,479
)
Dividends paid – preference shares
(11,191
)
 

 

 

 

 
(11,191
)
RenaissanceRe common share repurchases
(736
)
 

 

 

 

 
(736
)
Net issuance of debt

 

 

 
299,400

 
146,189

 
445,589

Net third party redeemable noncontrolling interest share transactions

 

 

 

 
(187,064
)
 
(187,064
)
Net cash (used in) provided by financing activities
(39,406
)
 

 

 
299,400

 
(40,875
)
 
219,119

Effect of exchange rate changes on foreign currency cash

 

 

 

 
(6,830
)
 
(6,830
)
Net increase (decrease) in cash and cash equivalents
5,730

 
1,113

 
1,089

 
224

 
(135,650
)
 
(127,494
)
Cash and cash equivalents, beginning of period
5,986

 
1,033

 

 

 
518,565

 
525,584

Cash and cash equivalents, end of period
$
11,716

 
$
2,146

 
$
1,089

 
$
224

 
$
382,915

 
$
398,090

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