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 September 30, 2018 and December 31, 2017 , condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the three and nine months ended September 30, 2018 and 2017 , and condensed consolidating statements of cash flows for the nine months ended September 30, 2018 . Each of RenRe North America Holdings Inc. and RenaissanceRe Finance, Inc. is a 100% owned subsidiary of RenaissanceRe. On June 1, 2017, the notes issued by Platinum Underwriters Finance, Inc. (“Platinum Finance”) matured and the Company repaid the aggregate principal amount plus applicable accrued interest in full. Platinum Finance was subsequently dissolved on November 30, 2017. Prior to the liquidation of Platinum Finance, it was 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, 2017 and “Note 7 . Debt and Credit Facilities” in the “Notes to Consolidated Financial Statements” included herein. Condensed Consolidating Balance Sheet at September 30, 2018 RenaissanceRe RenRe North RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Assets Total investments $ 36,092 $ 110,117 $ 15,504 $ 11,383,978 $ — $ 11,545,691 Cash and cash equivalents 3,734 56 4,372 444,879 — 453,041 Investments in subsidiaries 4,544,513 57,082 1,235,547 — (5,837,142 ) — Due from subsidiaries and affiliates 101,372 101,579 — — (202,951 ) — Premiums receivable — — — 1,787,095 — 1,787,095 Prepaid reinsurance premiums — — — 795,496 — 795,496 Reinsurance recoverable — — — 1,204,059 — 1,204,059 Accrued investment income — 241 20 46,429 — 46,690 Deferred acquisition costs — — — 497,733 — 497,733 Receivable for investments sold 30 1 6 406,025 — 406,062 Other assets 450,161 19,771 367,408 84,974 (800,590 ) 121,724 Goodwill and other intangible assets 121,560 — — 117,243 — 238,803 Total assets $ 5,257,462 $ 288,847 $ 1,622,857 $ 16,767,911 $ (6,840,683 ) $ 17,096,394 Liabilities, Noncontrolling Interests and Shareholders’ Equity Liabilities Reserve for claims and claim expenses $ — $ — $ — $ 4,952,498 $ — $ 4,952,498 Unearned premiums — — — 2,058,851 — 2,058,851 Debt 352,000 — 842,786 147,963 (352,000 ) 990,749 Amounts due to subsidiaries and affiliates 6,132 144 129,056 — (135,332 ) — Reinsurance balances payable — — — 1,970,913 — 1,970,913 Payable for investments purchased — 17 — 555,539 — 555,556 Other liabilities 12,809 773 9,179 134,181 (9,614 ) 147,328 Total liabilities 370,941 934 981,021 9,819,945 (496,946 ) 10,675,895 Redeemable noncontrolling interests — — — 1,533,978 — 1,533,978 Shareholders’ Equity Total shareholders’ equity 4,886,521 287,913 641,836 5,413,988 (6,343,737 ) 4,886,521 Total liabilities, noncontrolling interests and shareholders’ equity $ 5,257,462 $ 288,847 $ 1,622,857 $ 16,767,911 $ (6,840,683 ) $ 17,096,394 (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, 2017 RenaissanceRe Holdings Ltd. (Parent Guarantor) RenRe North RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) Consolidating Adjustments (2) RenaissanceRe Consolidated Assets Total investments $ 225,266 $ 129,732 $ 31,255 $ 9,117,186 $ — $ 9,503,439 Cash and cash equivalents 14,656 139 1,469 1,345,328 — 1,361,592 Investments in subsidiaries 4,105,760 36,140 1,141,733 — (5,283,633 ) — Due from subsidiaries and affiliates 4,602 91,891 — — (96,493 ) — Premiums receivable — — — 1,304,622 — 1,304,622 Prepaid reinsurance premiums — — — 533,546 — 533,546 Reinsurance recoverable — — — 1,586,630 — 1,586,630 Accrued investment income 405 428 82 41,320 — 42,235 Deferred acquisition costs — — — 426,551 — 426,551 Receivable for investments sold 135 51 8 102,951 — 103,145 Other assets 433,468 21,342 430,481 76,703 (840,768 ) 121,226 Goodwill and other intangible assets 124,960 — — 118,185 — 243,145 Total assets $ 4,909,252 $ 279,723 $ 1,605,028 $ 14,653,022 $ (6,220,894 ) $ 15,226,131 Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity Liabilities Reserve for claims and claim expenses $ — $ — $ — $ 5,080,408 $ — $ 5,080,408 Unearned premiums — — — 1,477,609 — 1,477,609 Debt 417,000 — 841,892 147,731 (417,000 ) 989,623 Amounts due to subsidiaries and affiliates 82,579 54 92,794 — (175,427 ) — Reinsurance balances payable — — — 989,090 — 989,090 Payable for investments purchased — — — 208,749 — 208,749 Other liabilities 18,298 1,053 14,117 764,432 (5,129 ) 792,771 Total liabilities 517,877 1,107 948,803 8,668,019 (597,556 ) 9,538,250 Redeemable noncontrolling interests — — — 1,296,506 — 1,296,506 Shareholders’ Equity Total shareholders’ equity 4,391,375 278,616 656,225 4,688,497 (5,623,338 ) 4,391,375 Total liabilities, redeemable noncontrolling interest and shareholders’ equity $ 4,909,252 $ 279,723 $ 1,605,028 $ 14,653,022 $ (6,220,894 ) $ 15,226,131 (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 RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ 531,849 $ — $ 531,849 Net investment income 6,542 539 1,541 80,472 (8,398 ) 80,696 Net foreign exchange gains (losses) 3 — — (4,569 ) — (4,566 ) Equity in earnings of other ventures — — 290 7,358 — 7,648 Other income — — — 497 — 497 Net realized and unrealized (losses) gains on investments (176 ) 4,479 (73 ) 9,400 — 13,630 Total revenues 6,369 5,018 1,758 625,007 (8,398 ) 629,754 Expenses Net claims and claim expenses incurred — — — 410,510 — 410,510 Acquisition expenses — — — 109,761 — 109,761 Operational expenses 3,570 29 7,493 42,682 (13,181 ) 40,593 Corporate expenses 3,778 — — 3,063 — 6,841 Interest expense 1,478 — 9,257 2,512 (1,478 ) 11,769 Total expenses 8,826 29 16,750 568,528 (14,659 ) 579,474 (Loss) income before equity in net income of subsidiaries and taxes (2,457 ) 4,989 (14,992 ) 56,479 6,261 50,280 Equity in net income of subsidiaries 45,130 2,735 11,666 — (59,531 ) — Income (loss) before taxes 42,673 7,724 (3,326 ) 56,479 (53,270 ) 50,280 Income tax (expense) benefit (284 ) (1,026 ) 1,840 (1,981 ) — (1,451 ) Net income (loss) 42,389 6,698 (1,486 ) 54,498 (53,270 ) 48,829 Net income attributable to redeemable noncontrolling interests — — — (6,440 ) — (6,440 ) Net income (loss) attributable to RenaissanceRe 42,389 6,698 (1,486 ) 48,058 (53,270 ) 42,389 Dividends on preference shares (9,708 ) — — — — (9,708 ) Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 32,681 $ 6,698 $ (1,486 ) $ 48,058 $ (53,270 ) $ 32,681 (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 September 30, 2018 RenaissanceRe RenRe North RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income (loss) Net income (loss) $ 42,389 $ 6,698 $ (1,486 ) $ 54,498 $ (53,270 ) $ 48,829 Change in net unrealized gains on investments — — — (382 ) — (382 ) Comprehensive income (loss) 42,389 6,698 (1,486 ) 54,116 (53,270 ) 48,447 Net income attributable to redeemable noncontrolling interests — — — (6,440 ) — (6,440 ) Comprehensive income attributable to redeemable noncontrolling interests — — — (6,440 ) — (6,440 ) Comprehensive income (loss) attributable to RenaissanceRe $ 42,389 $ 6,698 $ (1,486 ) $ 47,676 $ (53,270 ) $ 42,007 (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 RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ 1,401,516 $ — $ 1,401,516 Net investment income 18,504 1,629 3,981 208,034 (23,620 ) 208,528 Net foreign exchange losses (1 ) — — (11,495 ) — (11,496 ) Equity in earnings of other ventures — — 2,045 12,286 — 14,331 Other income — — — 480 — 480 Net realized and unrealized (losses) gains on investments (821 ) 4,906 (399 ) (90,101 ) — (86,415 ) Total revenues 17,682 6,535 5,627 1,520,720 (23,620 ) 1,526,944 Expenses Net claims and claim expenses incurred — — — 642,380 — 642,380 Acquisition expenses — — — 312,524 — 312,524 Operational expenses 7,551 60 26,737 113,721 (28,661 ) 119,408 Corporate expenses 12,498 — 7 9,370 — 21,875 Interest expense 3,694 — 27,763 7,541 (3,694 ) 35,304 Total expenses 23,743 60 54,507 1,085,536 (32,355 ) 1,131,491 (Loss) income before equity in net income of subsidiaries and taxes (6,061 ) 6,475 (48,880 ) 435,184 8,735 395,453 Equity in net income of subsidiaries 310,081 4,285 29,005 — (343,371 ) — Income (loss) before taxes 304,020 10,760 (19,875 ) 435,184 (334,636 ) 395,453 Income tax (expense) benefit (1,939 ) (1,273 ) 5,677 (5,015 ) — (2,550 ) Net income (loss) 302,081 9,487 (14,198 ) 430,169 (334,636 ) 392,903 Net income attributable to redeemable noncontrolling interests — — — (90,822 ) — (90,822 ) Net income (loss) attributable to RenaissanceRe 302,081 9,487 (14,198 ) 339,347 (334,636 ) 302,081 Dividends on preference shares (20,899 ) — — — — (20,899 ) Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 281,182 $ 9,487 $ (14,198 ) $ 339,347 $ (334,636 ) $ 281,182 (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 nine months ended September 30, 2018 RenaissanceRe RenRe North RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income (loss) Net income (loss) $ 302,081 $ 9,487 $ (14,198 ) $ 430,169 $ (334,636 ) $ 392,903 Change in net unrealized gains on investments — — — (1,707 ) — (1,707 ) Comprehensive income (loss) 302,081 9,487 (14,198 ) 428,462 (334,636 ) 391,196 Net income attributable to redeemable noncontrolling interests — — — (90,822 ) — (90,822 ) Comprehensive income attributable to noncontrolling interests — — — (90,822 ) — (90,822 ) Comprehensive income (loss) attributable to RenaissanceRe $ 302,081 $ 9,487 $ (14,198 ) $ 337,640 $ (334,636 ) $ 300,374 (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 $ — $ — $ — $ — $ 547,792 $ — $ 547,792 Net investment income (loss) 5,725 544 (3 ) 1,335 39,342 (6,686 ) 40,257 Net foreign exchange losses — — — — (156 ) — (156 ) Equity in earnings of other ventures — — — 38 1,756 — 1,794 Other income 1 — — — 2,995 — 2,996 Net realized and unrealized gains on investments 110 2,186 — 51 39,705 — 42,052 Total revenues 5,836 2,730 (3 ) 1,424 631,434 (6,686 ) 634,735 Expenses Net claims and claim expenses incurred — — — — 1,221,696 — 1,221,696 Acquisition expenses — — — — 76,761 — 76,761 Operational expenses 2,910 17 1 6,266 37,752 (4,409 ) 42,537 Corporate expenses 4,634 — — — (221 ) — 4,413 Interest expense 183 — — 9,258 2,541 (183 ) 11,799 Total expenses 7,727 17 1 15,524 1,338,529 (4,592 ) 1,357,206 (Loss) income before equity in net (loss) income of subsidiaries and taxes (1,891 ) 2,713 (4 ) (14,100 ) (707,095 ) (2,094 ) (722,471 ) (Loss) equity in net (loss) income of subsidiaries (499,408 ) 928 — (16,352 ) — 514,832 — (Loss) income before taxes (501,299 ) 3,641 (4 ) (30,452 ) (707,095 ) 512,738 (722,471 ) Income tax benefit (expense) 2,082 (890 ) 29 3,307 14,449 — 18,977 Net (loss) income (499,217 ) 2,751 25 (27,145 ) (692,646 ) 512,738 (703,494 ) Net loss attributable to redeemable noncontrolling interests — — — — 204,277 — 204,277 Net (loss) income attributable to RenaissanceRe (499,217 ) 2,751 25 (27,145 ) (488,369 ) 512,738 (499,217 ) Dividends on preference shares (5,595 ) — — — — — (5,595 ) Net (loss) income (attributable) available attributable to RenaissanceRe common shareholders $ (504,812 ) $ 2,751 $ 25 $ (27,145 ) $ (488,369 ) $ 512,738 $ (504,812 ) (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 (Loss) Income for the three months ended September 30, 2017 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive (loss) income Net (loss) income $ (499,217 ) $ 2,751 $ 25 $ (27,145 ) $ (692,646 ) $ 512,738 $ (703,494 ) Change in net unrealized gains on investments — — — — 300 — 300 Comprehensive (loss) income (499,217 ) 2,751 25 (27,145 ) (692,346 ) 512,738 (703,194 ) Net loss attributable to redeemable noncontrolling interests — — — — 204,277 — 204,277 Comprehensive loss attributable to redeemable noncontrolling interests — — — — 204,277 — 204,277 Comprehensive (loss) income attributable to RenaissanceRe $ (499,217 ) $ 2,751 $ 25 $ (27,145 ) $ (488,069 ) $ 512,738 $ (498,917 ) (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 nine months ended September 30, 2017 RenaissanceRe RenRe North Inc. Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ — $ 1,296,102 $ — $ 1,296,102 Net investment income 16,466 1,436 1,373 1,843 146,816 (19,189 ) 148,745 Net foreign exchange (losses) gains (1 ) — — — 11,119 — 11,118 Equity in (losses) earnings of other ventures — — — (412 ) 6,242 — 5,830 Other income — — — — 7,053 — 7,053 Net realized and unrealized gains (losses) on investments 155 6,528 4,916 (217 ) 132,156 — 143,538 Total revenues 16,620 7,964 6,289 1,214 1,599,488 (19,189 ) 1,612,386 Expenses Net claims and claim expenses incurred — — — — 1,557,364 — 1,557,364 Acquisition expenses — — — — 248,294 — 248,294 Operational expenses 9,398 57 86 20,892 116,212 (15,059 ) 131,586 Corporate expenses 14,640 — — — (305 ) — 14,335 Interest expense 464 — 2,461 22,401 7,554 (464 ) 32,416 Total expenses 24,502 57 2,547 43,293 1,929,119 (15,523 ) 1,983,995 (Loss) income before equity in net (loss) income of subsidiaries and taxes (7,882 ) 7,907 3,742 (42,079 ) (329,631 ) (3,666 ) (371,609 ) Equity in net (loss) income of subsidiaries (219,309 ) 3,234 28,028 20,584 — 167,463 — (Loss) income before taxes (227,191 ) 11,141 31,770 (21,495 ) (329,631 ) 163,797 (371,609 ) Income tax benefit (expense) 2,659 (2,572 ) (1,175 ) 9,281 6,546 — 14,739 Net (loss) income (224,532 ) 8,569 30,595 (12,214 ) (323,085 ) 163,797 (356,870 ) Net loss attributable to redeemable noncontrolling interests — — — — 132,338 — 132,338 Net (loss) income attributable to RenaissanceRe (224,532 ) 8,569 30,595 (12,214 ) (190,747 ) 163,797 (224,532 ) Dividends on preference shares (16,786 ) — — — — — (16,786 ) Net (loss) income (attributable) available to RenaissanceRe common shareholders $ (241,318 ) $ 8,569 $ 30,595 $ (12,214 ) $ (190,747 ) $ 163,797 $ (241,318 ) (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 (Loss) Income for the nine months ended September 30, 2017 RenaissanceRe RenRe North Inc. Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive (loss) income Net (loss) income $ (224,532 ) $ 8,569 $ 30,595 $ (12,214 ) $ (323,085 ) $ 163,797 $ (356,870 ) Change in net unrealized gains on investments — — — — (972 ) — (972 ) Comprehensive (loss) income (224,532 ) 8,569 30,595 (12,214 ) (324,057 ) 163,797 (357,842 ) Net loss attributable to redeemable noncontrolling interests — — — — 132,338 — 132,338 Comprehensive loss attributable to noncontrolling interests — — — — 132,338 — 132,338 Comprehensive (loss) income attributable to RenaissanceRe $ (224,532 ) $ 8,569 $ 30,595 $ (12,214 ) $ (191,719 ) $ 163,797 $ (225,504 ) (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 nine months ended September 30, 2018 RenaissanceRe RenRe North RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other RenaissanceRe Consolidated Cash flows (used in) provided by operating activities Net cash (used in) provided by operating activities $ (5,869 ) $ 1,496 $ 16,194 $ 876,705 $ 888,526 Cash flows used in investing activities Proceeds from sales and maturities of fixed maturity investments trading 384,818 91,118 45,459 7,700,086 8,221,481 Purchases of fixed maturity investments trading (281,994 ) (65,988 ) (20,806 ) (8,323,900 ) (8,692,688 ) Net (purchases) sales of equity investments trading — (624 ) — 16,114 15,490 Net sales (purchases) of short term investments 85,598 360 (9,206 ) (1,542,203 ) (1,465,451 ) Net purchases of other investments — — — (130,649 ) (130,649 ) Net purchases of investments in other ventures — — — (20,952 ) (20,952 ) Return of investment from investments in other ventures — — — 8,464 8,464 Dividends and return of capital from subsidiaries 511,098 — — (511,098 ) — Contributions to subsidiaries (686,106 ) (16,847 ) (65,000 ) 767,953 — Due (from) to subsidiary (193,249 ) (9,598 ) 36,262 166,585 — Net cash used in investing activities (179,835 ) (1,579 ) (13,291 ) (1,869,600 ) (2,064,305 ) Cash flows provided by financing activities Dividends paid – RenaissanceRe common shares (39,611 ) — — — (39,611 ) Dividends paid – preference shares (20,899 ) — — — (20,899 ) Issuance of preference shares, net of expenses 242,371 — — — 242,371 Net third party redeemable noncontrolling interest share transactions — — — 96,021 96,021 Taxes paid on withholding shares (7,079 ) — — — (7,079 ) Net cash provided by financing activities 174,782 — — 96,021 270,803 Effect of exchange rate changes on foreign currency cash — — — (3,575 ) (3,575 ) Net (decrease) increase in cash and cash equivalents (10,922 ) (83 ) 2,903 (900,449 ) (908,551 ) Cash and cash equivalents, beginning of period 14,656 139 1,469 1,345,328 1,361,592 Cash and cash equivalents, end of period $ 3,734 $ 56 $ 4,372 $ 444,879 $ 453,041 (1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2017 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 (used in) provided by operating activities Net cash (used in) provided by operating activities $ (6,870 ) $ (8,209 ) $ (2,262 ) $ (343,093 ) $ 962,136 $ 601,702 Cash flows provided by (used in) investing activities Proceeds from sales and maturities of fixed maturity investments trading 106,761 74,455 289,741 279,830 6,912,215 7,663,002 Purchases of fixed maturity investments trading (118,402 ) (69,168 ) (143,991 ) (270,785 ) (7,195,939 ) (7,798,285 ) Net (purchases) sales of equity investments trading — (1,708 ) 85,324 — (22,045 ) 61,571 Net sales (purchases) of short term investments 205,864 (4,495 ) 41,299 (305 ) (388,689 ) (146,326 ) Net sales of other investments — — — — 5,181 5,181 Return of investment from investment in other ventures — — — — 20,000 20,000 Dividends and return of capital from subsidiaries 285,515 9,175 — 41,866 (336,556 ) — Contributions to subsidiaries (500,000 ) — (26,649 ) (9,175 ) 535,824 — Due (from) to subsidiaries 290,130 14 (123 ) 4,062 (294,083 ) — Net cash provided by (used in) investing activities 269,868 8,273 245,601 45,493 (764,092 ) (194,857 ) Cash flows (used in) provided by financing activities Dividends paid – RenaissanceRe common shares (38,624 ) — — — — (38,624 ) Dividends paid – preference shares (16,786 ) — — — — (16,786 ) RenaissanceRe common share repurchases (188,591 ) — — — — (188,591 ) Repayment of debt — — (250,000 ) — — (250,000 ) Issuance of debt, net of expenses — — — 295,866 — 295,866 Net third party redeemable noncontrolling interest share transactions — — — — (44,193 ) (44,193 ) Taxes paid on withholding shares (13,694 ) — — — — (13,694 ) Net cash (used in) provided by financing activities (257,695 ) — (250,000 ) 295,866 (44,193 ) (256,022 ) Effect of exchange rate changes on foreign currency cash — — — — 9,596 9,596 Net increase (decrease) in cash and cash equivalents 5,303 64 (6,661 ) (1,734 ) 163,447 160,419 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 $ 12,370 $ 226 $ 10 $ 7,663 $ 561,307 $ 581,576 (1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. |