Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries | CONDENSED CONSOLIDATING FINANCIAL INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT OF SUBSIDIARIES The following tables present condensed consolidating balance sheets at June 30, 2017 and December 31, 2016 , condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the three and six months ended June 30, 2017 and 2016 , and condensed consolidating statements of cash flow for the six months ended June 30, 2017 . Each of RenRe North America Holdings Inc., Platinum Underwriters Finance, Inc. and RenaissanceRe Finance is a 100% owned subsidiary of RenaissanceRe. For additional information related to the terms of the Company’s outstanding debt securities, see “Note 9. Debt and Credit Facilities” in the “Notes to Consolidated Financial Statements” in the Company’s Form 10-K for the year ended December 31, 2016 and “Note 7 . Debt and Credit Facilities” in the “Notes to Consolidated Financial Statements” included herein. Condensed Consolidating Balance Sheet at June 30, 2017 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Assets Total investments $ 140,492 $ 123,517 $ — $ 323,094 $ 8,821,805 $ — $ 9,408,908 Cash and cash equivalents 2,417 276 23,986 8,356 588,115 — 623,150 Investments in subsidiaries 4,388,394 36,924 871,117 1,195,266 — (6,491,701 ) — Due from subsidiaries and affiliates 5,489 91,892 — — — (97,381 ) — Premiums receivable — — — — 1,533,833 — 1,533,833 Prepaid reinsurance premiums — — — — 705,322 — 705,322 Reinsurance recoverable — — — — 370,586 — 370,586 Accrued investment income 291 288 — 921 38,618 — 40,118 Deferred acquisition costs — — — — 430,106 — 430,106 Receivable for investments sold 52 5 — — 170,354 — 170,411 Other assets 423,601 37,547 (29 ) 130,139 115,352 (529,794 ) 176,816 Goodwill and other intangible assets 127,532 — — — 118,898 — 246,430 Total assets $ 5,088,268 $ 290,449 $ 895,074 $ 1,657,776 $ 12,892,989 $ (7,118,876 ) $ 13,705,680 Liabilities, Noncontrolling Interests and Shareholders’ Equity Liabilities Reserve for claims and claim expenses $ — $ — $ — $ — $ 2,989,806 $ — $ 2,989,806 Unearned premiums — — — — 1,847,206 — 1,847,206 Debt 117,000 — — 841,290 147,576 (117,000 ) 988,866 Amounts due to subsidiaries and affiliates 243 51 82 97,339 — (97,715 ) — Reinsurance balances payable — — — — 1,052,494 — 1,052,494 Payable for investments purchased — 24 — — 407,288 — 407,312 Other liabilities 15,770 780 (2,757 ) 9,887 206,139 (7,161 ) 222,658 Total liabilities 133,013 855 (2,675 ) 948,516 6,650,509 (221,876 ) 7,508,342 Redeemable noncontrolling interests — — — — 1,242,083 — 1,242,083 Shareholders’ Equity Total shareholders’ equity 4,955,255 289,594 897,749 709,260 5,000,397 (6,897,000 ) 4,955,255 Total liabilities, noncontrolling interests and shareholders’ equity $ 5,088,268 $ 290,449 $ 895,074 $ 1,657,776 $ 12,892,989 $ (7,118,876 ) $ 13,705,680 (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, 2016 RenaissanceRe Holdings Ltd. (Parent Guarantor) RenRe North 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 $ 387,274 $ 119,163 $ 267,556 $ 45,027 $ 8,497,948 $ — $ 9,316,968 Cash and cash equivalents 7,067 162 6,671 9,397 397,860 — 421,157 Investments in subsidiaries 4,074,769 34,761 843,089 1,165,413 — (6,118,032 ) — Due from subsidiaries and affiliates 7,413 91,892 — — — (99,305 ) — Premiums receivable — — — — 987,323 — 987,323 Prepaid reinsurance premiums — — — — 441,260 — 441,260 Reinsurance recoverable — — — — 279,564 — 279,564 Accrued investment income 105 289 551 106 37,025 — 38,076 Deferred acquisition costs — — — — 335,325 — 335,325 Receivable for investments sold 136 2 99 45 105,559 — 105,841 Other assets 410,757 37,204 4,689 127,572 118,098 (522,938 ) 175,382 Goodwill and other intangible assets 130,407 — — — 120,779 — 251,186 Total assets $ 5,017,928 $ 283,473 $ 1,122,655 $ 1,347,560 $ 11,320,741 $ (6,740,275 ) $ 12,352,082 Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity Liabilities Reserve for claims and claim expenses $ — $ — $ — $ — $ 2,848,294 $ — $ 2,848,294 Unearned premiums — — — — 1,231,573 — 1,231,573 Debt 117,000 — 255,352 545,889 147,422 (117,000 ) 948,663 Amounts due to subsidiaries and affiliates 14,644 42 123 96,061 — (110,870 ) — Reinsurance balances payable — — — — 673,983 — 673,983 Payable for investments purchased — — — — 305,714 — 305,714 Other liabilities 19,707 10,544 — 13,350 270,610 (12,527 ) 301,684 Total liabilities 151,351 10,586 255,475 655,300 5,477,596 (240,397 ) 6,309,911 Redeemable noncontrolling interests — — — — 1,175,594 — 1,175,594 Shareholders’ Equity Total shareholders’ equity 4,866,577 272,887 867,180 692,260 4,667,551 (6,499,878 ) 4,866,577 Total liabilities, redeemable noncontrolling interest and shareholders’ equity $ 5,017,928 $ 283,473 $ 1,122,655 $ 1,347,560 $ 11,320,741 $ (6,740,275 ) $ 12,352,082 (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 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ — $ 382,265 $ — $ 382,265 Net investment income 5,284 466 535 239 53,891 (6,252 ) 54,163 Net foreign exchange (losses) gains (1 ) — — — 3,110 — 3,109 Equity in earnings of other ventures — — — 302 5,241 — 5,543 Other income — — — — 2,392 — 2,392 Net realized and unrealized (losses) gains on investments (8 ) 1,421 191 (242 ) 56,751 — 58,113 Total revenues 5,275 1,887 726 299 503,650 (6,252 ) 505,585 Expenses Net claims and claim expenses incurred — — — — 142,587 — 142,587 Acquisition expenses — — — — 88,251 — 88,251 Operational expenses 3,190 16 35 6,647 36,402 (4,524 ) 41,766 Corporate expenses 4,798 — — — (162 ) — 4,636 Interest expense 141 — 985 6,601 2,505 (141 ) 10,091 Total expenses 8,129 16 1,020 13,248 269,583 (4,665 ) 287,331 (Loss) income before equity in net income of subsidiaries and taxes (2,854 ) 1,871 (294 ) (12,949 ) 234,067 (1,587 ) 218,254 Equity in net income of subsidiaries 178,746 1,220 18,185 20,438 — (218,589 ) — Income before taxes 175,892 3,091 17,891 7,489 234,067 (220,176 ) 218,254 Income tax benefit (expense) 846 (584 ) 104 2,902 (7,172 ) — (3,904 ) Net income 176,738 2,507 17,995 10,391 226,895 (220,176 ) 214,350 Net income attributable to redeemable noncontrolling interests — — — — (37,612 ) — (37,612 ) Net income attributable to RenaissanceRe 176,738 2,507 17,995 10,391 189,283 (220,176 ) 176,738 Dividends on preference shares (5,596 ) — — — — — (5,596 ) Net income available attributable to RenaissanceRe common shareholders $ 171,142 $ 2,507 $ 17,995 $ 10,391 $ 189,283 $ (220,176 ) $ 171,142 (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 for the three months ended June 30, 2017 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income Net income $ 176,738 $ 2,507 $ 17,995 $ 10,391 $ 226,895 $ (220,176 ) $ 214,350 Change in net unrealized gains on investments — — — — 219 — 219 Comprehensive income 176,738 2,507 17,995 10,391 227,114 (220,176 ) 214,569 Net income attributable to redeemable noncontrolling interests — — — — (37,612 ) — (37,612 ) Comprehensive income attributable to redeemable noncontrolling interests — — — — (37,612 ) — (37,612 ) Comprehensive income available to RenaissanceRe $ 176,738 $ 2,507 $ 17,995 $ 10,391 $ 189,502 $ (220,176 ) $ 176,957 (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 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ — $ 748,310 $ — $ 748,310 Net investment income 10,741 892 1,376 508 107,474 (12,503 ) 108,488 Net foreign exchange (losses) gains (1 ) — — — 11,275 — 11,274 Equity in (losses) earnings of other ventures — — — (450 ) 4,486 — 4,036 Other (loss) income (1 ) — — — 4,058 — 4,057 Net realized and unrealized gains (losses) on investments 45 4,342 4,916 (268 ) 92,451 — 101,486 Total revenues 10,784 5,234 6,292 (210 ) 968,054 (12,503 ) 977,651 Expenses Net claims and claim expenses incurred — — — — 335,668 — 335,668 Acquisition expenses — — — — 171,533 — 171,533 Operational expenses 6,488 40 85 14,626 78,460 (10,650 ) 89,049 Corporate expenses 10,006 — — — (84 ) — 9,922 Interest expense 281 — 2,461 13,143 5,013 (281 ) 20,617 Total expenses 16,775 40 2,546 27,769 590,590 (10,931 ) 626,789 (Loss) income before equity in net income of subsidiaries and taxes (5,991 ) 5,194 3,746 (27,979 ) 377,464 (1,572 ) 350,862 Equity in net income of subsidiaries 280,099 2,306 28,028 36,936 — (347,369 ) — Income before taxes 274,108 7,500 31,774 8,957 377,464 (348,941 ) 350,862 Income tax benefit (expense) 577 (1,682 ) (1,204 ) 5,974 (7,903 ) — (4,238 ) Net income 274,685 5,818 30,570 14,931 369,561 (348,941 ) 346,624 Net income attributable to redeemable noncontrolling interests — — — — (71,939 ) — (71,939 ) Net income attributable to RenaissanceRe 274,685 5,818 30,570 14,931 297,622 (348,941 ) 274,685 Dividends on preference shares (11,191 ) — — — — — (11,191 ) Net income available to RenaissanceRe common shareholders $ 263,494 $ 5,818 $ 30,570 $ 14,931 $ 297,622 $ (348,941 ) $ 263,494 (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 for the six months ended June 30, 2017 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income Net income $ 274,685 $ 5,818 $ 30,570 $ 14,931 $ 369,561 $ (348,941 ) $ 346,624 Change in net unrealized gains on investments — — — — (1,272 ) — (1,272 ) Comprehensive income 274,685 5,818 30,570 14,931 368,289 (348,941 ) 345,352 Net income attributable to redeemable noncontrolling interests — — — — (71,939 ) — (71,939 ) Comprehensive income attributable to noncontrolling interests — — — — (71,939 ) — (71,939 ) Comprehensive income available to RenaissanceRe $ 274,685 $ 5,818 $ 30,570 $ 14,931 $ 296,350 $ (348,941 ) $ 273,413 (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 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ — $ 351,402 $ — $ 351,402 Net investment income 5,749 445 846 141 52,826 (5,883 ) 54,124 Net foreign exchange losses (1 ) — — — (689 ) — (690 ) Equity in earnings of other ventures — — — — 6,022 — 6,022 Other (loss) income (791 ) — — — 3,445 — 2,654 Net realized and unrealized gains on investments 799 1,139 3,414 — 64,420 — 69,772 Total revenues 5,756 1,584 4,260 141 477,426 (5,883 ) 483,284 Expenses — — Net claims and claim expenses incurred — — — — 167,750 — 167,750 Acquisition expenses — — — — 69,005 — 69,005 Operational expenses (1,104 ) 44 64 4,573 50,352 (2,856 ) 51,073 Corporate expenses 5,181 203 — 7 361 — 5,752 Interest expense 141 — 1,477 6,544 2,515 (141 ) 10,536 Total expenses 4,218 247 1,541 11,124 289,983 (2,997 ) 304,116 Income (loss) before equity in net income of subsidiaries and taxes 1,538 1,337 2,719 (10,983 ) 187,443 (2,886 ) 179,168 Equity in net income of subsidiaries 141,677 1,666 12,086 17,165 — (172,594 ) — Income before taxes 143,215 3,003 14,805 6,182 187,443 (175,480 ) 179,168 Income tax (expense) benefit (1,294 ) (906 ) (838 ) 2,792 (6,366 ) — (6,612 ) Net income 141,921 2,097 13,967 8,974 181,077 (175,480 ) 172,556 Net income attributable to redeemable noncontrolling interests — — — — (30,635 ) — (30,635 ) Net income attributable to RenaissanceRe 141,921 2,097 13,967 8,974 150,442 (175,480 ) 141,921 Dividends on preference shares (5,596 ) — — — — — (5,596 ) Net income available to RenaissanceRe common shareholders $ 136,325 $ 2,097 $ 13,967 $ 8,974 $ 150,442 $ (175,480 ) $ 136,325 (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 for the three months ended June 30, 2016 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income Net income $ 141,921 $ 2,097 $ 13,967 $ 8,974 $ 181,077 $ (175,480 ) $ 172,556 Change in net unrealized gains on investments — — — — 672 — 672 Comprehensive income 141,921 2,097 13,967 8,974 181,749 (175,480 ) 173,228 Net income attributable to redeemable noncontrolling interests — — — — (30,635 ) — (30,635 ) Comprehensive income attributable to redeemable noncontrolling interests — — — — (30,635 ) — (30,635 ) Comprehensive income attributable to RenaissanceRe $ 141,921 $ 2,097 $ 13,967 $ 8,974 $ 151,114 $ (175,480 ) $ 142,593 (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, 2016 RenaissanceRe RenRe North Inc. Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ — $ 705,008 $ — $ 705,008 Net investment income 12,607 954 2,279 281 78,632 (11,766 ) 82,987 Net foreign exchange losses (2 ) — — — (2,380 ) — (2,382 ) Equity in earnings of other ventures — — — — 7,633 — 7,633 Other (loss) income (791 ) — — — 7,524 — 6,733 Net realized and unrealized gains on investments 5,287 2,254 5,378 — 118,506 — 131,425 Total revenues 17,101 3,208 7,657 281 914,923 (11,766 ) 931,404 Expenses Net claims and claim expenses incurred — — — — 294,355 — 294,355 Acquisition expenses — — — — 134,597 — 134,597 Operational expenses (1,805 ) (97 ) 116 11,582 105,448 (7,936 ) 107,308 Corporate expenses 10,794 203 — 7 2,973 — 13,977 Interest expense 281 — 2,953 13,087 5,034 (281 ) 21,074 Total expenses 9,270 106 3,069 24,676 542,407 (8,217 ) 571,311 Income (loss) before equity in net income of subsidiaries and taxes 7,831 3,102 4,588 (24,395 ) 372,516 (3,549 ) 360,093 Equity in net income of subsidiaries 265,215 1,533 34,421 41,644 — (342,813 ) — Income before taxes 273,046 4,635 39,009 17,249 372,516 (346,362 ) 360,093 Income tax benefit (expense) 2,465 (1,467 ) (1,182 ) 5,671 (14,843 ) — (9,356 ) Net income 275,511 3,168 37,827 22,920 357,673 (346,362 ) 350,737 Net income attributable to redeemable noncontrolling interests — — — — (75,226 ) — (75,226 ) Net income attributable to RenaissanceRe 275,511 3,168 37,827 22,920 282,447 (346,362 ) 275,511 Dividends on preference shares (11,191 ) — — — — — (11,191 ) Net income available to RenaissanceRe common shareholders $ 264,320 $ 3,168 $ 37,827 $ 22,920 $ 282,447 $ (346,362 ) $ 264,320 (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 for the six months ended June 20, 2016 RenaissanceRe RenRe North Inc. Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income Net income $ 275,511 $ 3,168 $ 37,827 $ 22,920 $ 357,673 $ (346,362 ) $ 350,737 Change in net unrealized gains on investments — — — — 229 — 229 Comprehensive income 275,511 3,168 37,827 22,920 357,902 (346,362 ) 350,966 Net income attributable to redeemable noncontrolling interests — — — — (75,226 ) — (75,226 ) Comprehensive income attributable to redeemable noncontrolling interests — — — — (75,226 ) — (75,226 ) Comprehensive income available to RenaissanceRe $ 275,511 $ 3,168 $ 37,827 $ 22,920 $ 282,676 $ (346,362 ) $ 275,740 (1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. (2) Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments. Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2017 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other RenaissanceRe Consolidated Cash flows (used in) provided by operating activities Net cash (used in) provided by operating activities $ (11,924 ) $ (8,931 ) $ (5,017 ) $ (27,713 ) $ 394,608 $ 341,023 Cash flows provided by (used in) investing activities Proceeds from sales and maturities of fixed maturity investments trading 53,654 46,475 289,741 15,449 4,758,653 5,163,972 Purchases of fixed maturity investments trading (105,523 ) (45,174 ) (143,991 ) (265,787 ) (4,890,887 ) (5,451,362 ) Net (purchases) sales of equity investments trading — (89 ) 85,324 — (38,930 ) 46,305 Net sales (purchases) of short term investments 298,768 (1,351 ) 41,299 (28,934 ) (33,707 ) 276,075 Net sales of other investments — — — — 2,551 2,551 Dividends and return of capital from subsidiaries 167,111 9,175 — 17,975 (194,261 ) — Contributions to subsidiaries (200,000 ) — — (9,175 ) 209,175 — Due (from) to subsidiary (12,477 ) 9 (41 ) 1,278 11,231 — Net cash provided by (used in) investing activities 201,533 9,045 272,332 (269,194 ) (176,175 ) 37,541 Cash flows (used in) provided by financing activities Dividends paid – RenaissanceRe common shares (25,877 ) — — — — (25,877 ) Dividends paid – preference shares (11,191 ) — — — — (11,191 ) RenaissanceRe common share repurchases (145,940 ) — — — — (145,940 ) Issuance of debt, net of expenses — — — 295,866 — 295,866 Repayment of debt — — (250,000 ) — — (250,000 ) Net third party redeemable noncontrolling interest share transactions — — — — (33,655 ) (33,655 ) Taxes paid on withholding shares (11,251 ) — — — — (11,251 ) Net cash (used in) provided by financing activities (194,259 ) — (250,000 ) 295,866 (33,655 ) (182,048 ) Effect of exchange rate changes on foreign currency cash — — — — 5,477 5,477 Net (decrease) increase in cash and cash equivalents (4,650 ) 114 17,315 (1,041 ) 190,255 201,993 Cash and cash equivalents, beginning of period 7,067 162 6,671 9,397 397,860 421,157 Cash and cash equivalents, end of period $ 2,417 $ 276 $ 23,986 $ 8,356 $ 588,115 $ 623,150 (1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2016 RenaissanceRe RenRe North Inc. 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 $ (11,131 ) $ 297 $ (3,914 ) $ (24,197 ) $ 164,186 $ 125,241 Cash flows provided by (used in) investing activities Proceeds from sales and maturities of fixed maturity investments trading 210,933 50,890 67,839 — 4,450,744 4,780,406 Purchases of fixed maturity investments trading (324,462 ) (105,772 ) (203,883 ) — (4,350,703 ) (4,984,820 ) Proceeds from sales and maturities of fixed maturity investments available for sale — — — — 5,216 5,216 Net (purchases) sales of equity investments trading — (2,195 ) 193,207 — (9,378 ) 181,634 Net sales (purchases) of short term investments 195,915 62,403 (58,367 ) — 45,948 245,899 Net purchases of other investments — — — — (52,778 ) (52,778 ) Dividends and return of capital from subsidiaries 341,011 2,900 — — (343,911 ) — Contributions to subsidiaries (95,001 ) — — — 95,001 — Due to (from) subsidiaries (22,676 ) (14,396 ) (92 ) 24,134 13,030 — Net cash provided by (used in) investing activities 305,720 (6,170 ) (1,296 ) 24,134 (146,831 ) 175,557 Cash flows used in financing activities Dividends paid – RenaissanceRe common shares (26,198 ) — — — — (26,198 ) Dividends paid – preference shares (11,191 ) — — — — (11,191 ) RenaissanceRe common share repurchases (265,003 ) — — — — (265,003 ) Net third party redeemable noncontrolling interest share transactions — — — — (43,909 ) (43,909 ) Taxes paid on withholding shares — — — — (8,069 ) (8,069 ) Net cash used in financing activities (302,392 ) — — — (51,978 ) (354,370 ) Effect of exchange rate changes on foreign currency cash — — — — 2,208 2,208 Net decrease in cash and cash equivalents (7,803 ) (5,873 ) (5,210 ) (63 ) (32,415 ) (51,364 ) Cash and cash equivalents, beginning of period 10,185 5,908 7,103 677 483,012 506,885 Cash and cash equivalents, end of period $ 2,382 $ 35 $ 1,893 $ 614 $ 450,597 $ 455,521 (1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. |