XML 152 R136.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows (used in) provided by operating activities      
Net cash provided by operating activities $ 1,992,735 $ 2,137,195 $ 1,221,701
Cash flows used in investing activities      
Proceeds from sales and maturities of fixed maturity investments trading 15,186,952 17,313,940 11,585,576
Purchases of fixed maturity investments trading (16,836,538) (17,919,343) (12,489,972)
Net sales (purchases) of equity investments trading 829 (7,841) 14,156
Net purchases of short term investments (581,473) (1,900,741) (1,436,389)
Net purchases of other investments (216,760) (202,878) (199,475)
Net purchases of investments in other ventures (3,698) (2,717) (21,473)
Return of investment from investment in other ventures 9,255 11,250 8,464
Net (purchases) sales of other assets 0 (4,108) 2,500
Dividends and return of capital from subsidiaries 0 0 0
Contributions to subsidiaries 0 0 0
Due (to) from subsidiaries 0 0 0
Net proceeds from sale of discontinued operations 136,744 0 0
Net purchase of TMR 0 (276,206) 0
Net cash used in investing activities (2,304,689) (2,988,644) (2,536,613)
Cash flows provided by financing activities      
Dividends paid – RenaissanceRe common shares (68,490) (59,368) (52,841)
Dividends paid – preference shares (30,923) (36,756) (30,088)
RenaissanceRe common share repurchases (62,621) 0 0
RenaissanceRe common share issuance 1,095,507 0 250,000
Redemption of preference shares (125,000) 0 0
Repayment of debt (250,000) 0 0
Issuance of preference shares, net of expenses 0 0 241,448
Issuance of debt, net of expenses 0 396,411 0
Net third-party redeemable noncontrolling interest share transactions 119,071 827,083 665,683
Taxes paid on withholding shares (12,330) (7,253) (7,862)
Net cash provided by financing activities 665,214 1,120,117 1,066,340
Effect of exchange rate changes on foreign currency cash 4,485 2,478 (5,098)
Net increase (decrease) in cash and cash equivalents 357,745 271,146 (253,670)
Cash and cash equivalents, beginning of year 1,379,068 1,107,922 1,361,592
Cash and cash equivalents, end of year 1,736,813 1,379,068 1,107,922
RenaissanceRe Holdings Ltd. (Parent Guarantor)      
Cash flows (used in) provided by operating activities      
Net cash provided by operating activities 18,191 (2,861) 17,187
Cash flows used in investing activities      
Proceeds from sales and maturities of fixed maturity investments trading 370,905 306,579 384,818
Purchases of fixed maturity investments trading (384,415) (66,740) (520,935)
Net purchases of short term investments 64,209 (116,499) 48,600
Dividends and return of capital from subsidiaries 827,626 1,400,944 672,098
Net cash used in investing activities (810,821) (267,247) (428,966)
Cash flows provided by financing activities      
Dividends paid – RenaissanceRe common shares (68,490) (59,368) (52,841)
Dividends paid – preference shares (30,923) (36,756) (30,088)
RenaissanceRe common share repurchases (62,621) 0 0
RenaissanceRe common share issuance 1,095,507 0 250,000
Redemption of preference shares (125,000) 0 0
Issuance of preference shares, net of expenses 0 0 241,448
Issuance of debt, net of expenses 0 396,411 0
Taxes paid on withholding shares (12,330) (7,253) (7,862)
Net cash provided by financing activities 796,143 293,034 400,657
Effect of exchange rate changes on foreign currency cash (143) 0 0
Net increase (decrease) in cash and cash equivalents 3,370 22,926 (11,122)
Cash and cash equivalents, beginning of year 26,460 3,534 14,656
Cash and cash equivalents, end of year 29,830 26,460 3,534
Reportable Legal Entities | RenaissanceRe Holdings Ltd. (Parent Guarantor)      
Cash flows (used in) provided by operating activities      
Net cash provided by operating activities 18,191 (2,861) 17,187
Cash flows used in investing activities      
Proceeds from sales and maturities of fixed maturity investments trading 370,905 306,579 384,818
Purchases of fixed maturity investments trading (384,415) (66,740) (520,935)
Net sales (purchases) of equity investments trading 0 0 0
Net purchases of short term investments 64,209 (116,499) 48,600
Net purchases of other investments 0 0 0
Net purchases of investments in other ventures 0 0 0
Return of investment from investment in other ventures 0 0 0
Net (purchases) sales of other assets   0 0
Dividends and return of capital from subsidiaries 827,626 1,400,944 672,098
Contributions to subsidiaries (1,623,708) (1,165,607) (785,785)
Due (to) from subsidiaries (65,438) (625,924) (227,762)
Net proceeds from sale of discontinued operations 0    
Net cash used in investing activities (810,821) (267,247) (428,966)
Cash flows provided by financing activities      
Dividends paid – RenaissanceRe common shares (68,490) (59,368) (52,841)
Dividends paid – preference shares (30,923) (36,756) (30,088)
RenaissanceRe common share repurchases (62,621)    
RenaissanceRe common share issuance 1,095,507   250,000
Redemption of preference shares (125,000)    
Repayment of debt 0    
Issuance of preference shares, net of expenses     241,448
Issuance of debt, net of expenses   396,411  
Net third-party redeemable noncontrolling interest share transactions 0 0 0
Taxes paid on withholding shares (12,330) (7,253) (7,862)
Net cash provided by financing activities 796,143 293,034 400,657
Effect of exchange rate changes on foreign currency cash (143) 0 0
Net increase (decrease) in cash and cash equivalents 3,370 22,926 (11,122)
Cash and cash equivalents, beginning of year 26,460 3,534 14,656
Cash and cash equivalents, end of year 29,830 26,460 3,534
Reportable Legal Entities | Other RenaissanceRe Holdings Ltd. Subsidiaries And Eliminations (Non-Guarantor Subsidiaries)      
Cash flows (used in) provided by operating activities      
Net cash provided by operating activities 2,033,704 1,773,122 1,141,869
Cash flows used in investing activities      
Proceeds from sales and maturities of fixed maturity investments trading 14,763,093 16,946,624 11,144,240
Purchases of fixed maturity investments trading (16,399,175) (17,819,026) (11,913,105)
Net sales (purchases) of equity investments trading 829 (7,841) 14,156
Net purchases of short term investments (884,058) (1,500,525) (1,485,444)
Net purchases of other investments (216,760) (202,878) (199,475)
Net purchases of investments in other ventures (3,698) (2,717) (21,473)
Return of investment from investment in other ventures 9,255 11,250 8,464
Net (purchases) sales of other assets   (4,108) 2,500
Dividends and return of capital from subsidiaries (951,731) (1,414,444) (672,098)
Contributions to subsidiaries 1,795,708 1,290,607 850,785
Due (to) from subsidiaries (60,709) 625,674 218,313
Net proceeds from sale of discontinued operations 136,744    
Net cash used in investing activities (1,810,502) (2,353,590) (2,053,137)
Cash flows provided by financing activities      
Dividends paid – RenaissanceRe common shares 0 0 0
Dividends paid – preference shares 0 0 0
RenaissanceRe common share repurchases 0    
RenaissanceRe common share issuance 0   0
Redemption of preference shares 0    
Repayment of debt 0    
Issuance of preference shares, net of expenses     0
Issuance of debt, net of expenses   0  
Net third-party redeemable noncontrolling interest share transactions 119,071 827,083 665,683
Taxes paid on withholding shares 0 0 0
Net cash provided by financing activities 119,071 827,083 665,683
Effect of exchange rate changes on foreign currency cash 4,628 2,478 (5,098)
Net increase (decrease) in cash and cash equivalents 346,901 249,093 (250,683)
Cash and cash equivalents, beginning of year 1,343,877 1,094,784 1,345,467
Cash and cash equivalents, end of year 1,690,778 1,343,877 1,094,784
Reportable Legal Entities | RenaissanceRe Finance, Inc. (Subsidiary Issuer)      
Cash flows (used in) provided by operating activities      
Net cash provided by operating activities (59,160) 366,934 62,645
Cash flows used in investing activities      
Proceeds from sales and maturities of fixed maturity investments trading 52,954 60,737 56,518
Purchases of fixed maturity investments trading (52,948) (33,577) (55,932)
Net sales (purchases) of equity investments trading 0 0 0
Net purchases of short term investments 238,376 (283,717) 455
Net purchases of other investments 0 0 0
Net purchases of investments in other ventures 0 0 0
Return of investment from investment in other ventures 0 0 0
Net (purchases) sales of other assets   0 0
Dividends and return of capital from subsidiaries 124,105 13,500 0
Contributions to subsidiaries (172,000) (125,000) (65,000)
Due (to) from subsidiaries 126,147 250 9,449
Net proceeds from sale of discontinued operations 0    
Net cash used in investing activities 316,634 (367,807) (54,510)
Cash flows provided by financing activities      
Dividends paid – RenaissanceRe common shares 0 0 0
Dividends paid – preference shares 0 0 0
RenaissanceRe common share repurchases 0    
RenaissanceRe common share issuance 0   0
Redemption of preference shares 0    
Repayment of debt (250,000)    
Issuance of preference shares, net of expenses     0
Issuance of debt, net of expenses   0  
Net third-party redeemable noncontrolling interest share transactions 0 0 0
Taxes paid on withholding shares 0 0 0
Net cash provided by financing activities (250,000) 0 0
Effect of exchange rate changes on foreign currency cash 0 0 0
Net increase (decrease) in cash and cash equivalents 7,474 (873) 8,135
Cash and cash equivalents, beginning of year 8,731 9,604 1,469
Cash and cash equivalents, end of year $ 16,205 $ 8,731 $ 9,604