Debt and Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

A summary of the Company’s debt obligations on its consolidated balance sheets is set forth below:




	December 31, 2017				December 31, 2016
	Fair Value		Carrying Value		Fair Value		Carrying Value
3.450% Senior Notes due 2027	$	294,654	$	295,303	$	—	$	—
3.700% Senior Notes due 2025	302,781		297,318		291,750		296,948
5.75% Senior Notes due 2020	263,750		249,272		270,875		248,941
Series B 7.50% Senior Notes due 2017	—		—		257,500		255,352
4.750% Senior Notes due 2025 (DaVinciRe) (1)	157,050		147,730		144,675		147,422
	$	1,018,235	$	989,623	$	964,800	$	948,663

(1)

RenaissanceRe owns a noncontrolling economic interest in its joint venture DaVinciRe. Because RenaissanceRe controls a majority of DaVinciRe’s outstanding voting rights, the consolidated financial statements of DaVinciRe are included in the consolidated financial statements of RenaissanceRe. However, RenaissanceRe does not guarantee or provide credit support for DaVinciRe and RenaissanceRe’s financial exposure to DaVinciRe is limited to its investment in DaVinciRe’s shares and counterparty credit risk arising from reinsurance transactions.

Schedule of Line of Credit Facilities

The outstanding amounts issued or drawn under each of the Company’s significant credit facilities is set forth below:




At December 31, 2017	Issued or Drawn
RenaissanceRe Revolving Credit Facility	$	—
Uncommitted Standby Letter of Credit Facility with Wells Fargo	106,794
Uncommitted Standby Letter of Credit Facility with NAB	3,785
Bilateral Letter of Credit Facility with Citibank Europe	197,278
Renaissance Reinsurance FAL Facility	180,000
Total credit facilities in U.S. dollars	$	487,857

Specialty Risks FAL Facility	£	10,000
Total credit facilities in British Pounds	£	10,000

Schedule of Aggregate Amount of Maturities Related to the Company's Debt Obligations

The following table sets forth the scheduled maturity of the Company’s aggregate amount of its debt obligation reflected on its consolidated balance sheet at December 31, 2017:




2018	$	—
2019	—
2020	250,000
2021	—
2022	—
After 2022	750,000
Unamortized discount and debt issuance expenses	(10,377		)
	$	989,623