RENAISSANCERE HOLDINGS LTD RNR Cash Flow

Renaissancere holdings ltd (RNR)

CashFlow / Quarterly

Mar'20	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
25,173	353,128	-123,986	48,829	251,867	92,207	2,199	-703,494	214,350	132,274	91,250	188,061	172,556	178,181	125,869	112,277	90,996	213,100	220,577	103,887	162,426	199,366	328,442	229,666	48,304	235,356	59,992	240,493	184,644	263,820	115,909	63,057	55,417	-324,775	149,400	252,849	272,731	186,172
Adjustments to reconcile net income to net cash provided by operating activities
Amortization, accretion and depreciation
-4,405	-3,606	-30,813	6,195	11,001	13,740	12,656	7,087	5,109	6,390	10,961	7,307	2,284	8,752	14,342	-8,558	7,582	4,813	17,501	14,851	7,114	8,305	9,173	15,702	13,732	12,989	14,392	16,518	15,204	13,581	15,258	9,791	6,726	10,523	19,693	13,323	12,716	13,987
Equity in undistributed earnings of other ventures
-7,398	-5,965	-9,244	5,754	6,948	314	13,264	745	-15,486	-4,818	4,669	-12,481	1,893	415	-1,216	4,481	3,146	3,676	3,471	8,559	6,756	1,204	3,402	5,580	-485	6,953	7,007	3,441	3,935	4,933	-25,029	6,803	5,013	-26,368	-9,003	-7,355	3,130	-10,731
Gain (Loss) on Investments
-110,707	170,013	-88,654	13,630	-17,901	-82,144	-7,716	42,052	58,113	43,373	-49,967	59,870	69,772	61,653	-42,817	-41,138	-26,712	41,749	30,475	-31,097	27,128	14,927	61,864	28,467	-69,544	14,271	12,137	75,303	29,568	46,113	-2,792	16,983	34,979	-5,214	-66,502	98,011	71,106	48,598
Net unrealized (gains) losses included in net investment income
-	-	-26,087	9,064	7,249	1,465	22,051	-9,805	5,628	6,863	29,150	2,752	-4,998	-15,362	-2,859	-13,928	-1,647	4,885	-4,301	-5,971	3,899	4,980	41,953	22,877	-4,112	15,071	2,244	14,028	-14,126	36,061	-3,312	-6,252	-5,797	28,067	36,535	15,312	-19,247	24,940
Net other-than-temporary impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	209	134	103	449	0	0	0	0	796	33
Net unrealized losses included in other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,576	-20,982	9,776	11,043	-13,700	-15,576	18,563	-11	-64,683	6,321	56,820	31,193	-5,644	-11,793	-1,419
Change in:
Premiums receivable
505,545	578,175	-249,907	-172,552	275,017	380,008	-216,644	-12,567	250,558	295,952	-194,008	-151,336	238,551	316,107	-86,189	-204,621	202,401	193,690	-190,711	-206,398	168,328	194,701	-261,850	-218,205	299,774	163,003	-209,875	-270,306	267,614	232,054	-223,285	-238,356	358,972	252,467	-150,507	-257,947	509,664	-77,995
Prepaid reinsurance premiums
384,145	330,044	-179,311	-130,005	130,580	261,375	-102,210	-69,566	77,231	186,831	-70,161	-21,671	88,138	214,283	-27,774	-17,786	43,169	130,801	-101,168	-71,985	60,211	141,620	-100,208	-48,464	44,588	93,134	-112,510	-88,650	134,552	85,168	-106,025	-81,129	119,954	65,079	-100,450	-98,024	154,460	29,984
Reinsurance recoverable
-25,714	-12,619	1,168,162	-250,932	-117,330	-14,309	-1,674	1,217,718	44,767	46,255	38,795	18,763	54,778	32,702	-6,890	4,952	53,768	12,274	-12,349	-6,072	-13,847	-2,063	-48,176	-25,902	12,155	-29,564	-16,978	10,713	-80,621	-124,631	-30,524	101,308	9,121	222,413	-	-	-	-
Deferred acquisition costs
75,884	58,861	-21,072	-13,422	34,145	50,459	-8,363	4,808	41,425	53,356	-16,516	20,689	43,861	87,911	-14,219	40,191	27,355	35,914	-20,049	-10,657	18,875	40,206	-22,160	-21,838	47,768	25,292	-30,600	-22,805	34,865	27,441	-27,504	-19,633	34,202	21,008	-28,915	-20,419	26,236	12,619
Reserve for claims and claim expenses
22,358	-92,303	1,123,773	-505,973	210,382	167,681	4,576,133	-2,202,507	-55,118	-86,394	12,805	-16,856	-32,720	-44,478	29,017	51,586	-66,080	28,787	120,270	19,838	-19,735	30,847	119,979	26,699	45,375	123,594	-96,697	18,567	56,956	134,151	233,651	-55,277	-100,633	-812,252	-	-	-	-30,812
Unearned premiums
714,939	709,046	-342,830	-208,599	305,704	484,137	-235,460	-134,137	250,711	364,922	-202,563	-83,970	256,652	372,352	-152,910	-113,584	172,459	238,075	-245,886	-171,251	146,202	305,433	-276,189	-215,940	311,808	258,692	-318,744	-246,238	317,766	299,078	-275,941	-207,343	330,774	213,982	-290,045	-304,319	380,500	167,841
Reinsurance balances payable
944,684	837,333	-68,857	-114,121	326,086	769,858	-45,364	-18,040	80,228	298,283	-100,677	20,961	135,355	94,370	-9,200	21,155	16,974	35,995	-46,575	-57,030	89,541	175,622	-65,966	-28,437	6,486	90,520	-65,717	-40,533	111,462	28,324	-60,744	-85,525	146,489	-61,361	-12,375	-42,400	165,347	-140,004
Other
405,528	307,940	-369,775	-18,495	-20,892	632,442	-500,667	-100,141	23,296	59,412	-60,203	-22,495	-19,307	2,062	-131,790	-3,886	-36,276	158,812	-145,413	-23,807	24,701	215,665	-209,267	24,974	-23,124	47,525	-57,111	11,760	79,445	-26,020	7,969	-42,825	39,981	42,646	-1,476	-9,226	4,270	2,256
Net Cash Provided by (Used in) Operating Activities
475,466	377,149	333,175	539,415	386,460	-37,349	424,085	280,679	119,984	201,039	104,407	255,124	126,879	-1,638	262,838	191,517	89,235	-118,605	267,268	220,003	126,747	46,639	409,923	208,379	48,917	128,502	181,263	231,889	132,673	171,104	-28,553	163,490	37,293	-6,297	-1,721	207,923	57,929	230,589
Cash flows used in investing activities
Proceeds from sales and maturities of fixed maturity investments trading
3,661,294	4,600,808	3,364,095	3,408,273	2,494,349	2,318,859	1,827,667	2,499,030	2,481,586	2,682,386	1,593,495	1,728,613	2,240,333	2,540,073	2,525,013	2,194,754	2,686,297	2,075,678	1,786,243	1,876,156	2,024,139	1,996,035	1,894,714	1,908,242	2,098,783	2,349,666	1,905,144	1,495,021	2,136,406	2,656,296	1,317,840	1,892,413	1,250,615	1,628,600	2,376,983	1,834,805	2,771,107	812,692
Purchases of fixed maturity investments trading
3,370,394	3,519,277	3,797,284	3,678,677	2,701,550	2,312,461	2,295,247	2,346,923	2,444,238	3,007,124	1,537,882	1,760,018	2,328,537	2,656,283	2,488,275	2,598,675	3,105,995	1,490,123	1,795,677	1,873,184	2,201,321	1,768,996	2,016,770	2,224,509	2,150,100	2,075,088	1,649,999	1,573,337	2,761,653	2,551,249	1,917,974	1,541,971	1,396,943	1,414,735	2,183,169	2,318,527	3,542,737	3,078,390
Proceeds from sales and maturities of fixed maturity investments available for sale
-	-	-	-	-	-	-	-	-	-	11,761	715	1,554	3,662	1,947	1,741	3,243	1,757	1,012	962	1,024	4,090	1,614	2,226	3,639	37,699	17,243	10,395	17,145	20,385	9,060	49,167	34,151	13,984	85,445	507,339	697,320	2,461,565
Purchases of fixed maturity investments available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,136	85,807	-60,103	376,820
Proceeds from (Payments for) Trading Securities, Short-term
-44,514	-4,601	-1,334	49,788	-34,435	137	54,266	15,266	32,558	13,747	1,676	1,478	62,265	119,369	5,894	13,033	-217,112	50,627	13,922	-22,779	-10,867	-279	659	2,244	-103,031	67,073	0	0	0	0	1	-15,320	-20,568	-12,108	-	-	-	-
Net purchases of short term investments
704,226	1,374,632	-29,062	403,029	467,781	594,641	-510,337	422,401	-30,382	-245,693	247,486	117,030	-111,890	-134,009	226,911	-535,865	-247,367	-112,795	-23,445	67,971	-22,236	-67,313	128,845	7,564	-81,995	192,557	101,385	13,443	-489,472	305,867	-638,203	585,907	-300,730	249,878	144,271	92,479	-72,020	-137,978
Payments For (Proceeds From) Other Investments
79,711	51,811	68,826	18,728	13,282	98,639	24,600	-2,630	33,851	-36,402	11,824	3,987	13,080	39,698	-8,810	-8,283	-6,702	7,952	15,586	-6,022	-66,568	-2,116	121,887	-155,166	-9,855	-33,080	-	-	-	9,663	-24,062	-50,759	61,964	-38,083	-36,016	-19,410	-50,538	-16,101
Payments to Acquire Equity Method Investments
1,888	1,573	521	0	2,978	17,974	0	0	0	0	-	-	-	-	10,105	0	-81	126	0	0	-115	-915	1,500	0	2,500	0	-	-	-	-	18,000	0	0	21,000	-	-	-	-
Return of investment from investment in other ventures
9,157	11,250	0	0	8,464	0	0	0	0	20,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (purchases) sales of other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-7,000	2,500	0	0	-6,000	0	-	-	-	-	-125	4,038	291	-125	250	-11,584	416	-47,400	8,291	-1	0	-2,729
Net proceeds related to sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	269,520	-	-	-	-
Net purchase of TMR
0	276,206	-	-	-	0	-	-	-	-	-	-	-	-	0	0	0	678,152	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-530,282	-616,042	-472,308	-642,373	-717,213	-704,719	72,423	-252,398	66,437	-8,896	-190,260	-149,829	74,425	101,132	-183,627	155,001	-372,417	62,004	13,359	-80,794	-92,106	301,194	-308,840	-165,787	-60,761	219,873	271,694	-62,821	-90,577	-189,973	52,927	-139,289	101,527	299,866	145,827	-121,423	108,351	-24,145
Cash flows (used in) provided by financing activities
Dividends paid – RenaissanceRe common shares
15,359	14,469	13,230	13,143	13,244	13,224	12,746	12,747	12,850	13,027	12,697	12,688	12,913	13,285	13,084	13,404	13,759	13,720	11,078	11,284	11,651	11,899	12,311	12,298	12,329	12,329	12,615	13,068	13,787	13,886	13,361	13,378	13,360	13,361	13,555	13,646	13,943	14,792
Dividends paid – preference shares
9,056	9,189	9,189	9,708	5,596	5,595	5,595	5,595	5,596	5,595	5,595	5,595	5,596	5,595	5,595	5,595	5,596	5,595	5,595	5,595	5,596	5,595	5,595	5,595	7,483	6,275	8,645	8,750	8,750	8,750	8,750	8,750	8,750	8,750	10,393	10,575	10,575	10,575
RenaissanceRe common share repurchases
62,621	0	-	-	-	-	0	42,651	65,931	80,009	0	44,431	179,837	85,166	62,524	196,614	290	446	39,335	160,807	51,800	262,736	66,499	18,915	10,697	111,299	205,848	167,350	86,476	3,635	16,827	0	0	174,792	37,547	0	207,677	203,658
Issuance of debt, net of expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	147,766	297,823	0	0	0	0	100,847	563	-3,927	-97,483	-6,844	4,907	0	0	-	-	-	-	-	-	-	-
Repayment of debt
250,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Long-term Lines of Credit
0	200,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of 6.08% Series C preference shares
125,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments For (Proceeds From) Repurchase (Sale) Of Redeemable Noncontrolling Interest
-42,599	16,847	-569,662	-31,487	-11,775	-52,759	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net third party redeemable noncontrolling interest share transactions
-	-	-	-	-	-	-	-	-	51,166	-	1,587	-6,465	50,374	5,693	275	6,779	180,285	4,616	-37,005	-3,847	147,943	-97,878	-2,005	-8,521	114,154	-6,928	2,865	-72,718	-88,146	2,800	2,649	-67,339	124,047	268,072	0	-8,286	-123,084
Taxes paid on withholding shares
10,180	6,957	783	35	10	7,034	1,445	2,443	233	11,018	4,581	2,293	0	8,069	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of 5.75% Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-40	249,086
Net cash (used in) provided by financing activities
-429,617	152,538	795,537	8,601	235,296	26,906	284,882	-73,974	-21,233	-160,815	19,633	-66,594	-191,881	-162,489	-97,144	-215,888	121,342	97,777	-60,624	-140,681	-65,200	-428,173	12,085	-34,240	-35,260	-341,540	-377,024	-187,126	-36,295	61,875	-41,738	-24,777	-154,771	-320,950	-163,827	-24,221	-240,521	-103,023
Effect of exchange rate changes on foreign currency cash
1,581	-292	-1,523	-1,074	-4,044	1,543	-1,374	4,119	3,875	1,602	-5,953	-892	-3,051	5,259	272	-4,174	2,312	-9,142	5,034	7,562	-2,147	-529	-1,943	2,861	-2,927	3,432	302	2,949	-2,551	992	-710	-2,103	1,057	2,274	-603	4,442	522	-5,364
Net decrease in cash and cash equivalents
-482,852	-86,647	654,881	-95,431	-99,501	-713,619	780,016	-41,574	169,063	32,930	-72,173	37,809	6,372	-57,736	-17,661	126,456	-159,528	32,034	225,037	6,090	-32,706	-80,869	111,225	11,213	-50,031	10,267	76,235	-15,109	3,250	43,998	-18,074	-2,679	-14,894	-25,107	-20,324	66,721	-73,719	98,057
Net decrease in cash and cash equivalents of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,457	20,231	-5,143	-24,332	-	-	-	-	-	-	-	-	49,942	-38,900	26,739	-33,890