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Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries
 12 Months Ended
Dec. 31, 2017
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Financial Information Provided in Connection With Outstanding Debt of Subsidiaries
CONDENSED CONSOLIDATING FINANCIAL INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT OF SUBSIDIARIES
The following tables present condensed consolidating balance sheets at December 31, 2017 and 2016, condensed consolidating statements of operations, condensed consolidating statements of comprehensive (loss) income and condensed consolidating statements of cash flows for the years ended December 31, 2017, 2016 and 2015, respectively. Each of RRNAH and RenaissanceRe Finance is a 100% owned subsidiary of RenaissanceRe. On June 1, 2017, the Platinum Finance Notes matured and the Company repaid the aggregate principal amount plus applicable accrued interest in full. Platinum Finance was subsequently dissolved on November 30, 2017. Prior to the liquidation of Platinum Finance, it was a 100% owned subsidiary of RenaissanceRe. For additional information related to the terms of the Company’s outstanding debt securities, see “Note 9. Debt and Credit Facilities”.
Condensed Consolidating Balance Sheet at December 31, 2017
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings 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
$
225,266

 
$
129,732

 
$
31,255

 
$
9,117,186

 
$
—

 
$
9,503,439

Cash and cash equivalents
14,656

 
139

 
1,469

 
1,345,328

 
—

 
1,361,592

Investments in subsidiaries
4,105,760

 
36,140

 
1,141,733

 
—

 
(5,283,633
)
 
—

Due from subsidiaries and affiliates
4,602

 
91,891

 
—

 
—

 
(96,493
)
 
—

Premiums receivable
—

 
—

 
—

 
1,304,622

 
—

 
1,304,622

Prepaid reinsurance premiums
—

 
—

 
—

 
533,546

 
—

 
533,546

Reinsurance recoverable
—

 
—

 
—

 
1,586,630

 
—

 
1,586,630

Accrued investment income
405

 
428

 
82

 
41,320

 
—

 
42,235

Deferred acquisition costs
—

 
—

 
—

 
426,551

 
—

 
426,551

Receivable for investments sold
135

 
51

 
8

 
102,951

 
—

 
103,145

Other assets
433,468

 
21,342

 
430,481

 
76,703

 
(840,768
)
 
121,226

Goodwill and other intangible assets
124,960

 
—

 
—

 
118,185

 
—

 
243,145

Total assets
$
4,909,252

 
$
279,723

 
$
1,605,028

 
$
14,653,022

 
$
(6,220,894
)
 
$
15,226,131

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

 
$
—

 
$
—

 
$
5,080,408

 
$
—

 
$
5,080,408

Unearned premiums
—

 
—

 
—

 
1,477,609

 
—

 
1,477,609

Debt
417,000

 
—

 
841,892

 
147,731

 
(417,000
)
 
989,623

Amounts due to subsidiaries and affiliates
82,579

 
54

 
92,794

 
—

 
(175,427
)
 
—

Reinsurance balances payable
—

 
—

 
—

 
989,090

 
—

 
989,090

Payable for investments purchased
—

 
—

 
—

 
208,749

 
—

 
208,749

Other liabilities
18,298

 
1,053

 
14,117

 
764,432

 
(5,129
)
 
792,771

Total liabilities
517,877

 
1,107

 
948,803

 
8,668,019

 
(597,556
)
 
9,538,250

Redeemable noncontrolling interests
—

 
—

 
—

 
1,296,506

 
—

 
1,296,506

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
4,391,375

 
278,616

 
656,225

 
4,688,497

 
(5,623,338
)
 
4,391,375

Total liabilities, noncontrolling interests and shareholders’ equity
$
4,909,252

 
$
279,723

 
$
1,605,028

 
$
14,653,022

 
$
(6,220,894
)
 
$
15,226,131


(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Balance Sheet at December 31, 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
$
387,274

 
$
119,163

 
$
267,556

 
$
45,027

 
$
8,497,948

 
$
—

 
$
9,316,968

Cash and cash equivalents
7,067

 
162

 
6,671

 
9,397

 
397,860

 
—

 
421,157

Investments in subsidiaries
4,074,769

 
34,761

 
843,089

 
1,165,413

 
—

 
(6,118,032
)
 
—

Due from subsidiaries and affiliates
7,413

 
91,892

 
—

 
—

 
—

 
(99,305
)
 
—

Premiums receivable
—

 
—

 
—

 
—

 
987,323

 
—

 
987,323

Prepaid reinsurance premiums
—

 
—

 
—

 
—

 
441,260

 
—

 
441,260

Reinsurance recoverable
—

 
—

 
—

 
—

 
279,564

 
—

 
279,564

Accrued investment income
105

 
289

 
551

 
106

 
37,025

 
—

 
38,076

Deferred acquisition costs
—

 
—

 
—

 
—

 
335,325

 
—

 
335,325

Receivable for investments sold
136

 
2

 
99

 
45

 
105,559

 
—

 
105,841

Other assets
410,757

 
37,204

 
4,689

 
127,572

 
118,098

 
(522,938
)
 
175,382

Goodwill and other intangible assets
130,407

 
—

 
—

 
—

 
120,779

 
—

 
251,186

Total assets
$
5,017,928

 
$
283,473

 
$
1,122,655

 
$
1,347,560

 
$
11,320,741

 
$
(6,740,275
)
 
$
12,352,082

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

 
$
—

 
$
—

 
$
—

 
$
2,848,294

 
$
—

 
$
2,848,294

Unearned premiums
—

 
—

 
—

 
—

 
1,231,573

 
—

 
1,231,573

Debt
117,000

 
—

 
255,352

 
545,889

 
147,422

 
(117,000
)
 
948,663

Amounts due to subsidiaries and affiliates
14,644

 
42

 
123

 
96,061

 
—

 
(110,870
)
 
—

Reinsurance balances payable
—

 
—

 
—

 
—

 
673,983

 
—

 
673,983

Payable for investments purchased
—

 
—

 
—

 
—

 
305,714

 
—

 
305,714

Other liabilities
19,707

 
10,544

 
—

 
13,350

 
270,610

 
(12,527
)
 
301,684

Total liabilities
151,351

 
10,586

 
255,475

 
655,300

 
5,477,596

 
(240,397
)
 
6,309,911

Redeemable noncontrolling interests
—

 
—

 
—

 
—

 
1,175,594

 
—

 
1,175,594

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
4,866,577

 
272,887

 
867,180

 
692,260

 
4,667,551

 
(6,499,878
)
 
4,866,577

Total liabilities, redeemable noncontrolling interest and shareholders’ equity
$
5,017,928

 
$
283,473

 
$
1,122,655

 
$
1,347,560

 
$
11,320,741

 
$
(6,740,275
)
 
$
12,352,082

 
(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 year ended December 31, 2017
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
$
—

 
$
—

 
$
—

 
$
—

 
$
1,717,575

 
$
—

 
$
1,717,575

Net investment income
23,109

 
1,947

 
1,373

 
3,090

 
219,490

 
(26,800
)
 
222,209

Net foreign exchange (losses) gains
(1
)
 
—

 
—

 
—

 
10,629

 
—

 
10,628

Equity in (losses) earnings of other ventures
—

 
—

 
—

 
(223
)
 
8,253

 
—

 
8,030

Other income
—

 
—

 
—

 
—

 
9,415

 
—

 
9,415

Net realized and unrealized (losses) gains on investments
(1,357
)
 
9,621

 
4,916

 
(479
)
 
123,121

 
—

 
135,822

Total revenues
21,751

 
11,568

 
6,289

 
2,388

 
2,088,483

 
(26,800
)
 
2,103,679

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred
—

 
—

 
—

 
—

 
1,861,428

 
—

 
1,861,428

Acquisition expenses
—

 
—

 
—

 
—

 
346,892

 
—

 
346,892

Operational expenses
11,314

 
103

 
85

 
26,063

 
141,572

 
(18,359
)
 
160,778

Corporate expenses
18,546

 
—

 
—

 
—

 
26

 
—

 
18,572

Interest expense
1,572

 
—

 
2,461

 
31,657

 
10,075

 
(1,572
)
 
44,193

Total expenses
31,432

 
103

 
2,546

 
57,720

 
2,359,993

 
(19,931
)
 
2,431,863

(Loss) income before equity in net (loss) income of subsidiaries and taxes
(9,681
)
 
11,465

 
3,743

 
(55,332
)
 
(271,510
)
 
(6,869
)
 
(328,184
)
Equity in net (loss) income of subsidiaries
(212,708
)
 
756

 
28,028

 
9,298

 
—

 
174,626

 
—

(Loss) income before taxes
(222,389
)
 
12,221

 
31,771

 
(46,034
)
 
(271,510
)
 
167,757

 
(328,184
)
Income tax (expense) benefit
—

 
(18,147
)
 
(1,175
)
 
7,163

 
(14,328
)
 
—

 
(26,487
)
Net (loss) income
(222,389
)
 
(5,926
)
 
30,596

 
(38,871
)
 
(285,838
)
 
167,757

 
(354,671
)
Net loss attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
132,282

 
—

 
132,282

Net (loss) income attributable to RenaissanceRe
(222,389
)
 
(5,926
)
 
30,596

 
(38,871
)
 
(153,556
)
 
167,757

 
(222,389
)
Dividends on preference shares
(22,381
)
 
—

 
—

 
—

 
—

 
—

 
(22,381
)
Net (loss) income (attributable) available to RenaissanceRe common shareholders
$
(244,770
)
 
$
(5,926
)
 
$
30,596

 
$
(38,871
)
 
$
(153,556
)
 
$
167,757

 
$
(244,770
)
 
(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 (Loss) Income for the year ended December 31, 2017
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 (loss) income
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
$
(222,389
)
 
$
(5,926
)
 
$
30,596

 
$
(38,871
)
 
$
(285,838
)
 
$
167,757

 
$
(354,671
)
Change in net unrealized gains on investments
—

 
—

 
—

 
—

 
(909
)
 
—

 
(909
)
Comprehensive (loss) income
(222,389
)
 
(5,926
)
 
30,596

 
(38,871
)
 
(286,747
)
 
167,757

 
(355,580
)
Net loss attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
132,282

 
—

 
132,282

Comprehensive loss attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
132,282

 
—

 
132,282

Comprehensive (loss) income (attributable) available to RenaissanceRe
$
(222,389
)
 
$
(5,926
)
 
$
30,596

 
$
(38,871
)
 
$
(154,465
)
 
$
167,757

 
$
(223,298
)

(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 year ended December 31, 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
$
—

 
$
—

 
$
—

 
$
—

 
$
1,403,430

 
$
—

 
$
1,403,430

Net investment income
24,178

 
1,852

 
3,989

 
569

 
175,407

 
(24,269
)
 
181,726

Net foreign exchange losses
(2
)
 
—

 
—

 
—

 
(13,786
)
 
—

 
(13,788
)
Equity in earnings of other ventures
—

 
—

 
—

 
—

 
963

 
—

 
963

Other (loss) income
(772
)
 
—

 
—

 
—

 
14,950

 
—

 
14,178

Net realized and unrealized gains on investments
4,151

 
4,659

 
8,193

 
46

 
124,279

 
—

 
141,328

Total revenues
27,555

 
6,511

 
12,182

 
615

 
1,705,243

 
(24,269
)
 
1,727,837

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred
—

 
—

 
—

 
—

 
530,831

 
—

 
530,831

Acquisition expenses
—

 
—

 
—

 
—

 
289,323

 
—

 
289,323

Operational expenses
13,716

 
(112
)
 
296

 
22,152

 
176,041

 
(14,344
)
 
197,749

Corporate expenses
26,848

 
203

 
—

 
7

 
10,344

 
—

 
37,402

Interest expense
562

 
—

 
5,906

 
26,176

 
10,062

 
(562
)
 
42,144

Total expenses
41,126

 
91

 
6,202

 
48,335

 
1,016,601

 
(14,906
)
 
1,097,449

(Loss) income before equity in net income of subsidiaries and taxes
(13,571
)
 
6,420

 
5,980

 
(47,720
)
 
688,642

 
(9,363
)
 
630,388

Equity in net income of subsidiaries
516,533

 
3,857

 
25,073

 
38,628

 
—

 
(584,091
)
 
—

Income (loss) before taxes
502,962

 
10,277

 
31,053

 
(9,092
)
 
688,642

 
(593,454
)
 
630,388

Income tax (expense) benefit
—

 
(2,275
)
 
(1,462
)
 
11,014

 
(7,617
)
 
—

 
(340
)
Net income
502,962

 
8,002

 
29,591

 
1,922

 
681,025

 
(593,454
)
 
630,048

Net income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
(127,086
)
 
—

 
(127,086
)
Net income attributable to RenaissanceRe
502,962

 
8,002

 
29,591

 
1,922

 
553,939

 
(593,454
)
 
502,962

Dividends on preference shares
(22,381
)
 
—

 
—

 
—

 
—

 
—

 
(22,381
)
Net income available to RenaissanceRe common shareholders
$
480,581

 
$
8,002

 
$
29,591

 
$
1,922

 
$
553,939

 
$
(593,454
)
 
$
480,581

 
(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 year ended December 31, 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
$
502,962

 
$
8,002

 
$
29,591

 
$
1,922

 
$
681,025

 
$
(593,454
)
 
$
630,048

Change in net unrealized gains on investments
—

 
—

 
—

 
—

 
(975
)
 
—

 
(975
)
Comprehensive income
502,962

 
8,002

 
29,591

 
1,922

 
680,050

 
(593,454
)
 
629,073

Net income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
(127,086
)
 
—

 
(127,086
)
Comprehensive income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
(127,086
)
 
—

 
(127,086
)
Comprehensive income available to RenaissanceRe
$
502,962

 
$
8,002

 
$
29,591

 
$
1,922

 
$
552,964

 
$
(593,454
)
 
$
501,987

(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 year ended 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
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Net premiums earned
$
—

 
$
—

 
$
—

 
$
—

 
$
1,400,551

 
$
—

 
$
1,400,551

Net investment income
15,391

 
1,251

 
4,063

 
996

 
144,642

 
(13,776
)
 
152,567

Net foreign exchange gains (losses)
4

 
—

 
—

 
—

 
(3,055
)
 
—

 
(3,051
)
Equity in earnings of other ventures
—

 
—

 
—

 
—

 
20,481

 
—

 
20,481

Other income
663

 
—

 
—

 
—

 
13,472

 
(663
)
 
13,472

Net realized and unrealized (losses) gains on investments
(2,080
)
 
566

 
(2,600
)
 
—

 
(64,804
)
 
—

 
(68,918
)
Total revenues
13,978

 
1,817

 
1,463

 
996

 
1,511,287

 
(14,439
)
 
1,515,102

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred
—

 
—

 
—

 
—

 
448,238

 
—

 
448,238

Acquisition expenses
—

 
—

 
—

 
—

 
238,592

 
—

 
238,592

Operational expenses
4,249

 
4,561

 
3

 
2,503

 
207,802

 
(6
)
 
219,112

Corporate expenses
40,808

 
312

 
3

 
—

 
35,391

 
—

 
76,514

Interest expense
1,255

 
7,233

 
4,922

 
16,179

 
7,677

 
(996
)
 
36,270

Total expenses
46,312

 
12,106

 
4,928

 
18,682

 
937,700

 
(1,002
)
 
1,018,726

(Loss) income before equity in net income of subsidiaries and taxes
(32,334
)
 
(10,289
)
 
(3,465
)
 
(17,686
)
 
573,587

 
(13,437
)
 
496,376

Equity in net income of subsidiaries
463,526

 
5,493

 
35,329

 
72,925

 
—

 
(577,273
)
 
—

Income (loss) before taxes
431,192

 
(4,796
)
 
31,864

 
55,239

 
573,587

 
(590,710
)
 
496,376

Income tax benefit
—

 
32,005

 
1,985

 
6,190

 
5,686

 
—

 
45,866

Net income
431,192

 
27,209

 
33,849

 
61,429

 
579,273

 
(590,710
)
 
542,242

Net income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
(111,050
)
 
—

 
(111,050
)
Net income attributable to RenaissanceRe
431,192

 
27,209

 
33,849

 
61,429

 
468,223

 
(590,710
)
 
431,192

Dividends on preference shares
(22,381
)
 
—

 
—

 
—

 
—

 
—

 
(22,381
)
Net income available to RenaissanceRe common shareholders
$
408,811

 
$
27,209

 
$
33,849

 
$
61,429

 
$
468,223

 
$
(590,710
)
 
$
408,811

(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 year ended 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
Comprehensive income
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
431,192

 
$
27,209

 
$
33,849

 
$
61,429

 
$
579,273

 
$
(590,710
)
 
$
542,242

Change in net unrealized gains on investments
—

 
—

 
—

 
—

 
(1,308
)
 
—

 
(1,308
)
Comprehensive income
431,192

 
27,209

 
33,849

 
61,429

 
577,965

 
(590,710
)
 
540,934

Net income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
(111,050
)
 
—

 
(111,050
)
Comprehensive income attributable to redeemable noncontrolling interests
—

 
—

 
—

 
—

 
(111,050
)
 
—

 
(111,050
)
Comprehensive income attributable to RenaissanceRe
$
431,192

 
$
27,209

 
$
33,849

 
$
61,429

 
$
466,915

 
$
(590,710
)
 
$
429,884


(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2)
Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Cash Flows for the year ended December 31, 2017
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
$
(4,109
)
 
$
(8,253
)
 
$
(2,272
)
 
$
(347,890
)
 
$
1,408,311

 
$
1,045,787

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
261,601

 
100,248

 
289,741

 
288,900

 
8,550,179

 
9,490,669

Purchases of fixed maturity investments trading
(344,463
)
 
(99,568
)
 
(143,991
)
 
(275,778
)
 
(9,229,732
)
 
(10,093,532
)
Net (purchases) sales of equity investments trading
—

 
(1,752
)
 
85,324

 
—

 
32,265

 
115,837

Net sales (purchases) of short term investments
243,571

 
114

 
41,299

 
(493
)
 
79,520

 
364,011

Net purchases of other investments
—

 
—

 
—

 
—

 
(19,419
)
 
(19,419
)
Dividends and return of capital from subsidiaries
478,496

 
9,175

 
—

 
41,866

 
(529,537
)
 
—

Contributions to subsidiaries
(669,672
)
 
—

 
(26,649
)
 
(9,890
)
 
706,211

 
—

Due to (from) subsidiary
319,646

 
13

 
(123
)
 
(509
)
 
(319,027
)
 
—

Net cash provided by (used in) investing activities
289,179

 
8,230

 
245,601

 
44,096

 
(729,540
)
 
(142,434
)
Cash flows (used in) provided by financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(51,370
)
 
—

 
—

 
—

 
—

 
(51,370
)
Dividends paid – preference shares
(22,381
)
 
—

 
—

 
—

 
—

 
(22,381
)
RenaissanceRe common share repurchases
(188,591
)
 
—

 
—

 
—

 
—

 
(188,591
)
Issuance of debt
—

 
—

 
—

 
295,866

 
—

 
295,866

Repayment of debt
—

 
—

 
(250,000
)
 
—

 
—

 
(250,000
)
Net third party redeemable noncontrolling interest share transactions
—

 
—

 
—

 
—

 
260,475

 
260,475

Taxes paid on withholding shares
(15,139
)
 
—

 
—

 
—

 
—

 
(15,139
)
Net cash (used in) provided by financing activities
(277,481
)
 
—

 
(250,000
)
 
295,866

 
260,475

 
28,860

Effect of exchange rate changes on foreign currency cash
—

 
—

 
—

 
—

 
8,222

 
8,222

Net increase (decrease) in cash and cash equivalents
7,589

 
(23
)
 
(6,671
)
 
(7,928
)
 
947,468

 
940,435

Cash and cash equivalents, beginning of period
7,067

 
162

 
6,671

 
9,397

 
397,860

 
421,157

Cash and cash equivalents, end of period
$
14,656

 
$
139

 
$
—

 
$
1,469

 
$
1,345,328

 
$
1,361,592

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

Condensed Consolidating Statement of Cash Flows for the year ended December 31, 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
$
(3,509
)
 
$
1,477

 
$
(14,501
)
 
$
(34,607
)
 
$
535,912

 
$
484,772

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
314,568

 
69,941

 
145,082

 
—

 
7,572,923

 
8,102,514

Purchases of fixed maturity investments trading
(336,345
)
 
(123,046
)
 
(291,053
)
 
—

 
(7,532,276
)
 
(8,282,720
)
Proceeds from sales and maturities of fixed maturity investments available for sale
—

 
—

 
—

 
—

 
17,692

 
17,692

Net (purchases) sales of equity investments trading
—

 
(2,389
)
 
193,022

 
—

 
(5,845
)
 
184,788

Net (purchases) sales of short term investments
(111,814
)
 
67,684

 
(32,901
)
 
—

 
(41,586
)
 
(118,617
)
Net purchases of other investments
—

 
—

 
—

 
—

 
(68,589
)
 
(68,589
)
Net purchases of investments in other ventures
—

 
—

 
—

 
—

 
—

 
—

Net sales of other assets
—

 
—

 
—

 
—

 
400

 
400

Dividends and return of capital from subsidiaries
617,239

 
2,900

 
—

 
13,125

 
(633,264
)
 
—

Contributions to subsidiaries
(108,674
)
 
—

 
—

 
—

 
108,674

 
—

Due to (from) subsidiaries
23,758

 
(22,313
)
 
(81
)
 
30,202

 
(31,566
)
 
—

Net cash provided by (used in) investing activities
398,732

 
(7,223
)
 
14,069

 
43,327

 
(613,437
)
 
(164,532
)
Cash flows used in financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(51,583
)
 
—

 
—

 
—

 
—

 
(51,583
)
Dividends paid – preference shares
(22,381
)
 
—

 
—

 
—

 
—

 
(22,381
)
RenaissanceRe common share repurchases
(309,434
)
 
—

 
—

 
—

 
—

 
(309,434
)
Net third party redeemable noncontrolling interest share transactions
—

 
—

 
—

 
—

 
(2,990
)
 
(2,990
)
Taxes paid on withholding shares
(14,943
)
 
—

 
—

 
—

 
—

 
(14,943
)
Net cash used in financing activities
(398,341
)
 
—

 
—

 
—

 
(2,990
)
 
(401,331
)
Effect of exchange rate changes on foreign currency cash
—

 
—

 
—

 
—

 
(4,637
)
 
(4,637
)
Net (decrease) increase in cash and cash equivalents
(3,118
)
 
(5,746
)
 
(432
)
 
8,720

 
(85,152
)
 
(85,728
)
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
$
7,067

 
$
162

 
$
6,671

 
$
9,397

 
$
397,860

 
$
421,157


(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the year ended 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)
 
RenaissanceRe
Consolidated
Cash flows (used in) provided by operating activities
 
 
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(28,965
)
 
$
(9,201
)
 
$
(6,830
)
 
$
(17,871
)
 
$
487,852

 
$
424,985

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
63,824

 
49,807

 
45,087

 
—

 
9,323,024

 
9,481,742

Purchases of fixed maturity investments trading
(161,183
)
 
(59,040
)
 
—

 
—

 
(9,462,845
)
 
(9,683,068
)
Proceeds from sales and maturities of fixed maturity investments available for sale
—

 
—

 
—

 
—

 
8,688

 
8,688

Net sales (purchases) of equity investments trading
—

 
33,693

 
(269,244
)
 
—

 
87,993

 
(147,558
)
Net (purchases) sales of short term investments
(116,461
)
 
(63,305
)
 
238,177

 
—

 
610,705

 
669,116

Net sales of other investments
—

 
—

 
—

 
—

 
15,843

 
15,843

Net purchases of investments in other ventures
—

 
—

 
—

 
—

 
(10,150
)
 
(10,150
)
Net sales of other assets
—

 
—

 
—

 
—

 
4,500

 
4,500

Dividends and return of capital from subsidiaries
1,584,624

 
180,000

 
65,000

 
87,553

 
(1,917,177
)
 
—

Contributions to subsidiaries
(294,733
)
 
(8,550
)
 
(66,753
)
 
(185,000
)
 
555,036

 
—

Due to (from) subsidiary
207,996

 
(118,529
)
 
129

 
(183,405
)
 
93,809

 
—

Net purchase of Platinum
(904,433
)
 
—

 
1,537

 
—

 
224,744

 
(678,152
)
Net cash provided by (used in) investing activities
379,634

 
14,076

 
13,933

 
(280,852
)
 
(465,830
)
 
(339,039
)
Cash flows (used in) provided by financing activities
 
 
 
 
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(53,967
)
 
—

 
—

 
—

 
—

 
(53,967
)
Dividends paid – preference shares
(22,381
)
 
—

 
—

 
—

 
—

 
(22,381
)
RenaissanceRe common share repurchases
(259,874
)
 
—

 
—

 
—

 
—

 
(259,874
)
Net repayment of debt
—

 
—

 
—

 
299,400

 
146,189

 
445,589

Net third party redeemable noncontrolling interest share transactions
—

 
—

 
—

 
—

 
(193,032
)
 
(193,032
)
Taxes paid on withholding shares
(10,248
)
 
—

 
—

 
—

 
—

 
(10,248
)
Net cash (used in) provided by financing activities
(346,470
)
 
—

 
—

 
299,400

 
(46,843
)
 
(93,913
)
Effect of exchange rate changes on foreign currency cash
—

 
—

 
—

 
—

 
(10,732
)
 
(10,732
)
Net increase (decrease) in cash and cash equivalents
4,199

 
4,875

 
7,103

 
677

 
(35,553
)
 
(18,699
)
Cash and cash equivalents, beginning of year
5,986

 
1,033

 
—

 
—

 
518,565

 
525,584

Cash and cash equivalents, end of year
$
10,185

 
$
5,908

 
$
7,103

 
$
677

 
$
483,012

 
$
506,885

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