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Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries (Tables)
6 Months Ended
Jun. 30, 2015
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]  
Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheet at June 30, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
Platinum Underwriters Holdings, Ltd. (Subsidiary 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
$
182,375

 
$

 
$
88,177

 
$
282,027

 
$

 
$
8,727,688

 
$

 
$
9,280,267

Cash and cash equivalents
2,535

 
9,181

 
2,146

 
1,089

 
224

 
382,915

 

 
398,090

Investments in subsidiaries
4,550,601

 
648,991

 
258,980

 
611,580

 
828,023

 

 
(6,898,175
)
 

Due from subsidiaries and affiliates
79,807

 
27,612

 
15

 

 

 

 
(107,434
)
 

Premiums receivable

 

 

 

 

 
1,068,819

 

 
1,068,819

Prepaid reinsurance premiums

 

 

 

 

 
276,231

 

 
276,231

Reinsurance recoverable

 

 

 

 

 
136,464

 

 
136,464

Accrued investment income
462

 

 
173

 
307

 

 
36,538

 

 
37,480

Deferred acquisition costs

 

 

 

 

 
195,291

 
(21,883
)
 
173,408

Receivable for investments sold
56

 

 
21

 
151

 

 
148,835

 

 
149,063

Other assets
20,921

 

 
32,250

 
3,125

 
121,323

 
198,964

 
(118,962
)
 
257,621

Goodwill and other intangible assets
267,945

 

 

 

 

 
7,798

 

 
275,743

Total assets
$
5,104,702

 
$
685,784

 
$
381,762

 
$
898,279

 
$
949,570

 
$
11,179,543

 
$
(7,146,454
)
 
$
12,053,186

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

 
$

 
$

 
$

 
$

 
$
2,828,161

 
$
19,487

 
$
2,847,648

Unearned premiums

 

 

 

 

 
1,155,596

 

 
1,155,596

Debt
117,000

 

 
249,568

 
250,000

 
299,415

 
148,761

 
(92,382
)
 
972,362

Amounts due to subsidiaries and affiliates
60,202

 
1,872

 
218

 
23

 
407

 

 
(62,722
)
 

Reinsurance balances payable

 

 

 

 

 
512,019

 

 
512,019

Payable for investments purchased
2,979

 

 
38

 
233

 

 
508,001

 

 
511,251

Other liabilities
87,577

 
336

 
2,380

 

 
3,357

 
202,854

 
(67,950
)
 
228,554

Total liabilities
267,758

 
2,208

 
252,204

 
250,256

 
303,179

 
5,355,392

 
(203,567
)
 
6,227,430

Redeemable noncontrolling interest

 

 

 

 

 
988,812

 

 
988,812

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
4,836,944

 
683,576

 
129,558

 
648,023

 
646,391

 
4,835,339

 
(6,942,887
)
 
4,836,944

Total liabilities, noncontrolling interests and shareholders’ equity
$
5,104,702

 
$
685,784

 
$
381,762

 
$
898,279

 
$
949,570

 
$
11,179,543

 
$
(7,146,454
)
 
$
12,053,186

 
(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, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries and
Eliminations
(Non-guarantor
Subsidiaries) 
(1)
 
Consolidating
Adjustments 
(2)
 
RenaissanceRe
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Total investments
$
137,006

 
$
88,150

 
$
6,518,594

 
$

 
$
6,743,750

Cash and cash equivalents
5,986

 
1,033

 
518,565

 

 
525,584

Investments in subsidiaries
3,509,974

 
71,796

 

 
(3,581,770
)
 

Due from subsidiaries and affiliates
126,548

 
23

 

 
(126,571
)
 

Premiums receivable

 

 
440,007

 

 
440,007

Prepaid reinsurance premiums

 

 
94,810

 

 
94,810

Reinsurance recoverable

 

 
66,694

 

 
66,694

Accrued investment income

 
121

 
26,388

 

 
26,509

Deferred acquisition costs

 

 
110,059

 

 
110,059

Receivable for investments sold
10

 

 
52,380

 

 
52,390

Other assets
112,400

 
1,242

 
123,661

 
(101,458
)
 
135,845

Goodwill and other intangible assets

 

 
7,902

 

 
7,902

Total assets
$
3,891,924

 
$
162,365

 
$
7,959,060

 
$
(3,809,799
)
 
$
8,203,550

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

 
$

 
$
1,412,510

 
$

 
$
1,412,510

Unearned premiums

 

 
512,386

 

 
512,386

Debt

 
249,522

 

 

 
249,522

Amounts due to subsidiaries and affiliates
6,000

 
233

 

 
(6,233
)
 

Reinsurance balances payable

 

 
454,580

 

 
454,580

Payable for investments purchased

 

 
203,021

 

 
203,021

Other liabilities
20,209

 
4,013

 
351,344

 
(1,458
)
 
374,108

Total liabilities
26,209

 
253,768

 
2,933,841

 
(7,691
)
 
3,206,127

Redeemable noncontrolling interest

 

 
1,131,708

 

 
1,131,708

Shareholders’ Equity
 
 
 
 
 
 
 
 
 
Total shareholders’ equity
3,865,715

 
(91,403
)
 
3,893,511

 
(3,802,108
)
 
3,865,715

Total liabilities, redeemable noncontrolling interest and shareholders’ equity
$
3,891,924

 
$
162,365

 
$
7,959,060

 
$
(3,809,799
)
 
$
8,203,550

 
(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)
 
Platinum Underwriters Holdings, Ltd. (Subsidiary 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 gains (losses)
2

 

 

 

 

 
(4,872
)
 

 
(4,870
)
Equity in earnings of other ventures

 

 

 

 

 
11,455

 

 
11,455

Other income
21,881

 
663

 

 

 

 
1,639

 
(21,217
)
 
2,966

Net realized and unrealized (losses) gains on investments
(496
)
 

 
1,015

 
(1,388
)
 

 
15,906

 

 
15,037

Total revenues
24,109

 
663

 
1,646

 
(207
)
 
504

 
775,788

 
(23,016
)
 
779,487

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 

 

 

 
248,435

 
(2,238
)
 
246,197

Acquisition expenses

 

 

 

 

 
121,855

 
(16,788
)
 
105,067

Operational expenses
(2,478
)
 
5,919

 
3,478

 
1

 

 
85,849

 
7,525

 
100,294

Corporate expenses
22,677

 
9,162

 
251

 
144

 
84

 
26,456

 
(144
)
 
58,630

Interest expense
763

 

 
7,233

 
6,250

 
3,006

 
1,474

 
(3,777
)
 
14,949

Total expenses
20,962

 
15,081

 
10,962

 
6,395

 
3,090

 
484,069

 
(15,422
)
 
525,137

Income (loss) before equity in net income (loss) of subsidiaries and taxes
3,147

 
(14,418
)
 
(9,316
)
 
(6,602
)
 
(2,586
)
 
291,719

 
(7,594
)
 
254,350

Equity in net income (loss) of subsidiaries
256,235

 
(7,362
)
 
17,526

 
(1,581
)
 
(5,656
)
 

 
(259,162
)
 

Income (loss) before taxes
259,382

 
(21,780
)
 
8,210

 
(8,183
)
 
(8,242
)
 
291,719

 
(266,756
)
 
254,350

Income tax (expense) benefit
(7,115
)
 

 
32,748

 
2,527

 
953

 
20,633

 

 
49,746

Net income (loss)
252,267

 
(21,780
)
 
40,958

 
(5,656
)
 
(7,289
)
 
312,352

 
(266,756
)
 
304,096

Net income attributable to noncontrolling interests

 

 

 

 

 
(51,829
)
 

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

 
(21,780
)
 
40,958

 
(5,656
)
 
(7,289
)
 
260,523

 
(266,756
)
 
252,267

Dividends on preference shares
(11,191
)
 

 

 

 

 

 

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

 
$
(21,780
)
 
$
40,958

 
$
(5,656
)
 
$
(7,289
)
 
$
260,523

 
$
(266,756
)
 
$
241,076

 
(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, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
Platinum Underwriters Holdings, Ltd. (Subsidiary 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
15,692

 
497

 

 

 

 
431

 
(15,193
)
 
1,427

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

 
609

 
(1,389
)
 

 
(25,397
)
 

 
(26,712
)
Total revenues
15,267

 
497

 
909

 
(168
)
 
468

 
396,612

 
(16,018
)
 
397,567

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 

 

 

 
171,023

 
(1,679
)
 
169,344

Acquisition expenses

 

 

 

 

 
73,537

 
(11,871
)
 
61,666

Operational expenses
(1,300
)
 
932

 
1,588

 

 

 
51,334

 
2,119

 
54,673

Corporate expenses
6,373

 
980

 
153

 
109

 
77

 
5,449

 
(109
)
 
13,032

Interest expense
468

 

 
3,616

 
4,687

 
2,790

 
880

 
(2,743
)
 
9,698

Total expenses
5,541

 
1,912

 
5,357

 
4,796

 
2,867

 
302,223

 
(14,283
)
 
308,413

Income (loss) before equity in net income (loss) of subsidiaries and taxes
9,726

 
(1,415
)
 
(4,448
)
 
(4,964
)
 
(2,399
)
 
94,389

 
(1,735
)
 
89,154

Equity in net income (loss) of subsidiaries
72,555

 
(805
)
 
127

 
565

 
(2,443
)
 
(11,916
)
 
(58,083
)
 

Income (loss) before taxes
82,281

 
(2,220
)
 
(4,321
)
 
(4,399
)
 
(4,842
)
 
82,473

 
(59,818
)
 
89,154

Income tax (expense) benefit
(3,452
)
 

 
1,743

 
1,956

 
888

 
707

 

 
1,842

Net income (loss)
78,829

 
(2,220
)
 
(2,578
)
 
(2,443
)
 
(3,954
)
 
83,180

 
(59,818
)
 
90,996

Net income attributable to noncontrolling interests

 

 

 

 

 
(12,167
)
 

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

 
(2,220
)
 
(2,578
)
 
(2,443
)
 
(3,954
)
 
71,013

 
(59,818
)
 
78,829

Dividends on preference shares
(5,596
)
 

 

 

 

 

 

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

 
$
(2,220
)
 
$
(2,578
)
 
$
(2,443
)
 
$
(3,954
)
 
$
71,013

 
$
(59,818
)
 
$
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, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
 
Consolidating
Adjustments
(2)
 
RenaissanceRe
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
Net premiums earned
$

 
$

 
$
546,950

 
$

 
$
546,950

Net investment income
1,361

 
919

 
73,079

 
(1,870
)
 
73,489

Net foreign exchange gains
7

 

 
1,324

 

 
1,331

Equity in earnings of other ventures

 

 
11,431

 

 
11,431

Other loss

 
(8
)
 
(465
)
 

 
(473
)
Net realized and unrealized gains on investments
84

 
4,717

 
37,254

 

 
42,055

Total revenues
1,452

 
5,628

 
669,573

 
(1,870
)
 
674,783

Expenses
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 
140,303

 

 
140,303

Acquisition expenses

 

 
67,177

 

 
67,177

Operational expenses
(2,116
)
 
3,578

 
87,171

 
(168
)
 
88,465

Corporate expenses
7,470

 
118

 
911

 

 
8,499

Interest expense

 
7,233

 
1,352

 

 
8,585

Total expenses
5,354

 
10,929

 
296,914

 
(168
)
 
313,029

(Loss) income before equity in net income of subsidiaries and taxes
(3,902
)
 
(5,301
)
 
372,659

 
(1,702
)
 
361,754

Equity in net income of subsidiaries
286,848

 
815

 

 
(287,663
)
 

Income (loss) before taxes
282,946

 
(4,486
)
 
372,659

 
(289,365
)
 
361,754

Income tax benefit (expense)

 
646

 
(608
)
 

 
38

Net income (loss)
282,946

 
(3,840
)
 
372,051

 
(289,365
)
 
361,792

Net income attributable to noncontrolling interests

 

 
(78,846
)
 

 
(78,846
)
Net income (loss) attributable to RenaissanceRe
282,946

 
(3,840
)
 
293,205

 
(289,365
)
 
282,946

Dividends on preference shares
(11,191
)
 

 

 

 
(11,191
)
Net income (loss) available (attributable) to RenaissanceRe common shareholders
$
271,755

 
$
(3,840
)
 
$
293,205

 
$
(289,365
)
 
$
271,755

 
(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 30, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings Inc.
(Subsidiary
Issuer)
 
Other
RenaissanceRe
Holdings Ltd.
Subsidiaries
and
Eliminations
(Non-guarantor
Subsidiaries)
(1)
 
Consolidating
Adjustments
(2)
 
RenaissanceRe
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
Net premiums earned
$

 
$

 
$
260,416

 
$

 
$
260,416

Net investment income
736

 
445

 
34,293

 
(933
)
 
34,541

Net foreign exchange gains
6

 

 
2,386

 

 
2,392

Equity in earnings of other ventures

 

 
7,232

 

 
7,232

Other loss

 

 
(535
)
 

 
(535
)
Net realized and unrealized gains on investments
190

 
4,340

 
22,598

 

 
27,128

Total revenues
932

 
4,785

 
326,390

 
(933
)
 
331,174

Expenses
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred

 

 
81,388

 

 
81,388

Acquisition expenses

 

 
33,477

 

 
33,477

Operational expenses
(1,236
)
 
1,684

 
45,483

 
(90
)
 
45,841

Corporate expenses
3,468

 
59

 
427

 

 
3,954

Interest expense

 
3,616

 
676

 

 
4,292

Total expenses
2,232

 
5,359

 
161,451

 
(90
)
 
168,952

(Loss) income before equity in net income (loss) of subsidiaries and taxes
(1,300
)
 
(574
)
 
164,939

 
(843
)
 
162,222

Equity in net income (loss) of subsidiaries
127,648

 
(38
)
 

 
(127,610
)
 

Income (loss) before taxes
126,348

 
(612
)
 
164,939

 
(128,453
)
 
162,222

Income tax (expense) benefit

 
(38
)
 
242

 

 
204

Net income (loss)
126,348

 
(650
)
 
165,181

 
(128,453
)
 
162,426

Net income attributable to noncontrolling interests

 

 
(36,078
)
 

 
(36,078
)
Net income (loss) attributable to RenaissanceRe
126,348

 
(650
)
 
129,103

 
(128,453
)
 
126,348

Dividends on preference shares
(5,596
)
 

 

 

 
(5,596
)
Net income (loss) available (attributable) to RenaissanceRe common shareholders
$
120,752

 
$
(650
)
 
$
129,103

 
$
(128,453
)
 
$
120,752

 
(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 (Loss) for the six months ended June 30, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings 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)
$
282,946

 
$
(3,840
)
 
$
372,051

 
$
(289,365
)
 
$
361,792

Change in net unrealized gains on investments

 

 
(213
)
 

 
(213
)
Comprehensive income (loss)
282,946

 
(3,840
)
 
371,838

 
(289,365
)
 
361,579

Net income attributable to noncontrolling interests

 

 
(78,846
)
 

 
(78,846
)
Comprehensive income attributable to noncontrolling interests

 

 
(78,846
)
 

 
(78,846
)
Comprehensive income (loss) attributable to RenaissanceRe
$
282,946

 
$
(3,840
)
 
$
292,992

 
$
(289,365
)
 
$
282,733

(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 six months ended June 30, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
Platinum Underwriters Holdings, Ltd. (Subsidiary 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)
$
252,267

 
$
(21,780
)
 
$
40,958

 
$
(5,656
)
 
$
(7,289
)
 
$
312,352

 
$
(266,756
)
 
$
304,096

Change in net unrealized gains on investments

 

 

 

 

 
(423
)
 

 
(423
)
Comprehensive income (loss)
252,267

 
(21,780
)
 
40,958

 
(5,656
)
 
(7,289
)
 
311,929

 
(266,756
)
 
303,673

Net income attributable to noncontrolling interests

 

 

 

 

 
(51,829
)
 

 
(51,829
)
Comprehensive income attributable to noncontrolling interests

 

 

 

 

 
(51,829
)
 

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

 
$
(21,780
)
 
$
40,958

 
$
(5,656
)
 
$
(7,289
)
 
$
260,100

 
$
(266,756
)
 
$
251,844

(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, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings 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)
$
126,348

 
$
(650
)
 
$
165,181

 
$
(128,453
)
 
$
162,426

Change in net unrealized gains on investments

 

 
(45
)
 

 
(45
)
Comprehensive income (loss)
126,348

 
(650
)
 
165,136

 
(128,453
)
 
162,381

Net income attributable to noncontrolling interests

 

 
(36,078
)
 

 
(36,078
)
Comprehensive income attributable to noncontrolling interests

 

 
(36,078
)
 

 
(36,078
)
Comprehensive income (loss) attributable to RenaissanceRe
$
126,348

 
$
(650
)
 
$
129,058

 
$
(128,453
)
 
$
126,303

(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, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
Platinum Underwriters Holdings, Ltd. (Subsidiary 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

 
$
(2,220
)
 
$
(2,578
)
 
$
(2,443
)
 
$
(3,954
)
 
$
83,180

 
$
(59,818
)
 
$
90,996

Change in net unrealized gains on investments

 

 

 

 

 
(349
)
 

 
(349
)
Comprehensive income (loss)
78,829

 
(2,220
)
 
(2,578
)
 
(2,443
)
 
(3,954
)
 
82,831

 
(59,818
)
 
90,647

Net income attributable to noncontrolling interests

 

 

 

 

 
(12,167
)
 

 
(12,167
)
Comprehensive income attributable to noncontrolling interests

 

 

 

 

 
(12,167
)
 

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

 
$
(2,220
)
 
$
(2,578
)
 
$
(2,443
)
 
$
(3,954
)
 
$
70,664

 
$
(59,818
)
 
$
78,480

(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, 2015
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
Platinum Underwriters Holdings, Ltd. (Subsidiary 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
$
66,113

 
$
(1,326
)
 
$
(5,393
)
 
$
(10,030
)
 
$
(119,583
)
 
$
40,849

 
$
(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
1,009,161

 
(30,000
)
 

 

 

 
(979,161
)
 

Contributions to subsidiaries
(205,362
)
 

 
10,342

 

 
(180,000
)
 
375,020

 

Due (from) to subsidiary
(3,595
)
 
(21,913
)
 
(23
)
 
(52
)
 
407

 
25,176

 

Net purchase of Platinum
(904,433
)
 
62,420

 

 
1,537

 

 
162,324

 
(678,152
)
Net cash (used in) provided by investing activities
(147,158
)
 
10,507

 
6,506

 
11,119

 
(179,593
)
 
(11,794
)
 
(310,413
)
Cash flows provided by (used in) 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 (repayment) of debt
117,000

 

 

 

 
299,400

 
29,189

 
445,589

Net third party redeemable noncontrolling interest share transactions

 

 

 

 

 
(187,064
)
 
(187,064
)
Net cash provided by (used in) financing activities
77,594

 

 

 

 
299,400

 
(157,875
)
 
219,119

Effect of exchange rate changes on foreign currency cash

 

 

 

 

 
(6,830
)
 
(6,830
)
Net (decrease) increase in cash and cash equivalents
(3,451
)
 
9,181

 
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
$
2,535

 
$
9,181

 
$
2,146

 
$
1,089

 
$
224

 
$
382,915

 
$
398,090

 
(1)
Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows
for the six months ended June 30, 2014
RenaissanceRe
Holdings Ltd.
(Parent
Guarantor)
 
RenRe North
America
Holdings 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
$
(14,828
)
 
$
(8,410
)
 
$
196,624

 
$
173,386

Cash flows provided by (used in) investing activities
 
 
 
 
 
 
 
Proceeds from sales and maturities of fixed maturity investments trading
4,912

 
5,353

 
4,009,909

 
4,020,174

Purchases of fixed maturity investments trading
(79,714
)
 

 
(3,890,603
)
 
(3,970,317
)
Proceeds from sales and maturities of fixed maturity investments available for sale

 

 
5,114

 
5,114

Net purchases of equity investments trading

 
(370
)
 
(10,776
)
 
(11,146
)
Net sales (purchases) of short term investments
116,511

 
(68
)
 
(26,894
)
 
89,549

Net sales of other investments

 

 
68,684

 
68,684

Net sales of investments in other ventures

 

 
1,030

 
1,030

Net sales of other assets

 

 
6,000

 
6,000

Dividends and return of capital from subsidiaries
359,891

 
5,406

 
(365,297
)
 

Contributions to subsidiaries
(47,220
)
 
(1,950
)
 
49,170

 

Due to (from) subsidiaries
4,123

 
(777
)
 
(3,346
)
 

Net cash provided by (used in) investing activities
358,503

 
7,594

 
(157,009
)
 
209,088

Cash flows used in financing activities
 
 
 
 
 
 
 
Dividends paid – RenaissanceRe common shares
(23,550
)
 

 

 
(23,550
)
Dividends paid – preference shares
(11,191
)
 

 

 
(11,191
)
RenaissanceRe common share repurchases
(314,536
)
 

 

 
(314,536
)
Net third party redeemable noncontrolling interest share transactions

 

 
(144,096
)
 
(144,096
)
Net cash used in financing activities
(349,277
)
 

 
(144,096
)
 
(493,373
)
Effect of exchange rate changes on foreign currency cash

 

 
(2,676
)
 
(2,676
)
Net decrease in cash and cash equivalents
(5,602
)
 
(816
)
 
(107,157
)
 
(113,575
)
Cash and cash equivalents, beginning of period
8,796

 
4,027

 
395,209

 
408,032

Cash and cash equivalents, end of period
$
3,194

 
$
3,211

 
$
288,052

 
$
294,457

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