| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Cash Provided by (Used in) Operating Activities [Abstract] | |||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
950,267 | 268,917 | -354,671 | 630,048 | 542,242 | 686,256 | 841,768 | 748,949 | -90,392 | 861,152 | 1,052,659 | 84,153 |
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||||
Amortization, accretion and depreciation | |||||||||||
-58,964 | 123 | 31,242 | 29,304 | 18,179 | 47,771 | 51,596 | 59,695 | 42,298 | 59,719 | 9,213 | -8,871 |
Equity in undistributed earnings of other ventures | |||||||||||
762 | 3,772 | -6,295 | -5,504 | 10,087 | 19,990 | 15,450 | 19,316 | -39,581 | -23,959 | 592 | -2,638 |
Gain (Loss) on Investments | |||||||||||
414,483 | -175,069 | 135,822 | 141,328 | -68,918 | 41,433 | 35,058 | 163,121 | 43,956 | 151,213 | 93,162 | 10,700 |
Net unrealized (gains) losses included in net investment income | |||||||||||
12,221 | -8,309 | 24,737 | 11,542 | -13,549 | -1,393 | 75,789 | 38,207 | 12,706 | 57,540 | 88,545 | 4,537 |
Net other-than-temporary impairments | |||||||||||
- | - | - | - | - | - | - | 343 | 552 | 829 | 22,481 | 217,014 |
Net unrealized losses included in other income | |||||||||||
- | - | - | - | -426 | -1,612 | -12,782 | 330 | -1,553 | 12,337 | 20,378 | -259,398 |
Change in: | |||||||||||
Premiums receivable | |||||||||||
424,973 | 232,566 | 317,299 | 209,314 | 105,281 | -34,080 | -17,278 | 19,487 | 149,798 | 23,215 | 24,197 | 90,555 |
Prepaid reinsurance premiums | |||||||||||
11,798 | 82,639 | 92,286 | 210,589 | 128,410 | 28,678 | -10,950 | 18,560 | -2,121 | -14,030 | 3,833 | -19,897 |
Reinsurance recoverable | |||||||||||
-129,665 | 785,591 | 1,307,066 | 145,038 | 64,104 | -34,331 | -91,487 | -211,517 | 302,318 | -10,110 | -105,293 | - |
Deferred acquisition costs | |||||||||||
-118,676 | 50,110 | 91,226 | 135,945 | 89,241 | 28,375 | 29,062 | 8,901 | 8,073 | -10,479 | -20,034 | -22,308 |
Reserve for claims and claim expenses | |||||||||||
900,562 | 995,863 | 2,232,114 | -81,249 | 43,310 | 151,220 | 315,647 | 112,977 | -734,511 | 169,974 | 458,606 | -15,857 |
Unearned premiums | |||||||||||
51,343 | 238,412 | 246,036 | 342,471 | 144,040 | 34,498 | 78,371 | 51,862 | 61,472 | -46,023 | -63,586 | -53,101 |
Reinsurance balances payable | |||||||||||
658,532 | 912,966 | 315,107 | 150,009 | 64,924 | 161,558 | 2,603 | 33,536 | -61,141 | -29,432 | 66,147 | 39,971 |
Other | |||||||||||
-251,351 | 223,280 | -518,100 | -99,943 | -13,140 | 71,146 | -159,892 | 8,074 | 47,771 | -4,176 | -65,961 | -52,404 |
Net Cash Provided by (Used in) Operating Activities | |||||||||||
2,137,195 | 1,221,701 | 1,025,787 | 484,772 | 424,985 | 660,657 | 795,721 | 716,929 | 165,933 | 494,720 | 588,889 | 545,876 |
Cash flows used in investing activities | |||||||||||
Proceeds from sales and maturities of fixed maturity investments trading | |||||||||||
17,313,940 | 11,585,576 | 9,490,669 | 8,102,514 | 9,481,742 | 7,682,573 | 8,251,405 | 8,192,867 | 6,089,468 | 7,795,587 | 61,218 | - |
Purchases of fixed maturity investments trading | |||||||||||
17,919,343 | 12,489,972 | 10,093,532 | 8,282,720 | 9,683,068 | 7,639,178 | 8,466,467 | 8,536,238 | 6,271,623 | 11,122,823 | 845,466 | - |
Proceeds from sales and maturities of fixed maturity investments available for sale | |||||||||||
- | - | - | 17,692 | 8,688 | 7,088 | 45,178 | 65,168 | 106,362 | 3,751,669 | 10,036,434 | 11,403,443 |
Purchases of fixed maturity investments available for sale | |||||||||||
- | - | - | - | - | - | - | - | 4,107 | 403,660 | 10,516,908 | 10,776,997 |
Proceeds from (Payments for) Trading Securities, Short-term | |||||||||||
-7,841 | 14,156 | 115,837 | 184,788 | -147,558 | -20,003 | -33,055 | 0 | -47,995 | 0 | 0 | - |
Net purchases of short term investments | |||||||||||
1,900,741 | 1,436,389 | -364,011 | 118,617 | -669,116 | -45,023 | 246,971 | -68,777 | -103,148 | 26,752 | -1,170,037 | 350,794 |
Payments For (Proceeds From) Other Investments | |||||||||||
202,878 | 199,475 | 19,419 | 68,589 | -15,843 | -59,120 | -76,214 | -150,828 | -50,940 | -122,065 | -3,994 | 218,263 |
Payments to Acquire Equity Method Investments | |||||||||||
2,717 | 21,473 | 0 | 0 | 10,150 | -1,030 | 4,000 | 0 | 39,000 | 1,915 | 3,000 | - |
Return of investment from investment in other ventures | |||||||||||
11,250 | 8,464 | 20,000 | 0 | - | - | - | - | - | - | - | - |
Net (purchases) sales of other assets | |||||||||||
4,108 | -2,500 | 0 | -400 | -4,500 | -6,000 | -2,181 | 4,079 | -58,318 | 5,561 | 19,385 | -6,500 |
Net proceeds related to sale of discontinued operations | |||||||||||
- | - | - | - | - | - | 60,000 | -9,000 | 269,520 | 0 | 0 | -37,372 |
Net purchase of TMR | |||||||||||
276,206 | 0 | 0 | - | 678,152 | 0 | 0 | - | - | - | - | - |
Net purchases of subsidiaries | |||||||||||
- | - | - | - | - | - | - | - | - | - | 2,741 | 77,631 |
Net cash used in investing activities | |||||||||||
-2,988,644 | -2,536,613 | -122,434 | -164,532 | -339,039 | 141,653 | -315,515 | -71,677 | 315,031 | 108,610 | -115,817 | -51,114 |
Cash flows (used in) provided by financing activities | |||||||||||
Dividends paid – RenaissanceRe common shares | |||||||||||
59,368 | 52,841 | 51,370 | 51,583 | 53,967 | 45,912 | 49,267 | 53,356 | 53,460 | 55,936 | 59,740 | 57,850 |
Dividends paid – preference shares | |||||||||||
36,756 | 30,088 | 22,381 | 22,381 | 22,381 | 22,381 | 24,948 | 34,895 | 35,000 | 42,118 | 42,300 | 42,300 |
RenaissanceRe common share repurchases | |||||||||||
0 | 0 | 188,591 | 309,434 | 259,874 | 514,678 | 207,410 | 463,309 | 191,619 | 448,882 | 50,972 | 428,406 |
RenaissanceRe common share issuance | |||||||||||
0 | 250,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Issuance of debt, net of expenses | |||||||||||
396,411 | 0 | 295,866 | 0 | 445,589 | 0 | 0 | -1,937 | -200,000 | 249,046 | -150,000 | -1,951 |
Repayment of debt | |||||||||||
0 | 0 | 250,000 | 0 | - | - | 102,436 | - | - | - | - | - |
Redemption of 6.08% Series C preference shares | |||||||||||
- | - | - | - | - | - | - | 150,000 | - | 100,000 | 0 | - |
Issuance of preference shares, net of expenses | |||||||||||
0 | 241,448 | 0 | - | - | - | - | - | - | - | - | - |
Payments For (Proceeds From) Repurchase (Sale) Of Redeemable Noncontrolling Interest | |||||||||||
-827,083 | -665,683 | -260,475 | 2,990 | - | - | - | - | - | - | - | - |
Secured asset financing | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -11,500 |
Reverse repurchase agreement | |||||||||||
- | - | - | - | - | - | - | - | - | - | -50,042 | -50,000 |
Net third party redeemable noncontrolling interest share transactions | |||||||||||
- | - | - | - | 193,032 | 111,707 | 5,750 | -164,927 | 62,157 | 136,702 | 132,718 | -56,451 |
Taxes paid on withholding shares | |||||||||||
7,253 | 7,862 | 15,139 | 14,943 | 10,248 | - | - | - | - | - | - | - |
Third party investment in redeemable noncontrolling interest | |||||||||||
- | - | - | - | - | - | - | - | - | 3,000 | 0 | - |
Net cash (used in) provided by financing activities | |||||||||||
1,120,117 | 1,066,340 | 28,860 | -401,331 | -93,913 | -694,678 | -398,955 | -538,570 | -542,236 | -531,592 | -485,772 | -548,458 |
Effect of exchange rate changes on foreign currency cash | |||||||||||
2,478 | -5,098 | 8,222 | -4,637 | -10,732 | 9,920 | 1,423 | 1,692 | 518 | -1,003 | -1,276 | -1,838 |
Net decrease in cash and cash equivalents | |||||||||||
271,146 | -253,670 | 940,435 | -85,728 | -18,699 | 117,552 | 82,674 | 108,374 | -60,754 | 70,735 | -13,976 | -55,534 |
Net decrease in cash and cash equivalents of discontinued operations | |||||||||||
- | - | - | - | - | - | 21,213 | 13,946 | 16,441 | 3,891 | 31,961 | -16,465 |
Supplemental Cash Flow Information | |||||||||||
Income taxes paid | |||||||||||
9,700 | 300 | 300 | -1,118 | 10,300 | - | - | - | - | - | - | - |
Interest paid | |||||||||||
53,220 | 45,623 | 44,171 | 53,977 | 40,755 | - | - | - | - | - | - | - |