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 are provided in connection with outstanding debt of the Company’s subsidiaries and present condensed consolidating balance sheets at December 31, 2019 and 2018 , condensed consolidating statements of operations, condensed consolidating statements of comprehensive income (loss) and condensed consolidating statements of cash flows for the years ended December 31, 2019 , 2018 and 2017 , respectively. Each of RRNAH and RenaissanceRe Finance is a 100% owned subsidiary of RenaissanceRe and has outstanding debt securities. On June 1, 2017, the Platinum Finance Notes 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 and had outstanding debt securities. For additional information related to the terms of the Company’s outstanding debt securities, see “Note 9 . Debt and Credit Facilities.” Condensed Consolidating Balance Sheet at December 31, 2019 RenaissanceRe RenRe North RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Assets Total investments $ 190,451 $ 123,792 $ 288,137 $ 16,766,409 $ — $ 17,368,789 Cash and cash equivalents 26,460 9,440 8,731 1,334,437 — 1,379,068 Investments in subsidiaries 5,204,260 48,247 1,426,838 — (6,679,345 ) — Due from subsidiaries and affiliates 10,725 101,579 — — (112,304 ) — Premiums receivable — — — 2,599,896 — 2,599,896 Prepaid reinsurance premiums — — — 767,781 — 767,781 Reinsurance recoverable — — — 2,791,297 — 2,791,297 Accrued investment income — 270 1,171 71,020 — 72,461 Deferred acquisition costs and value of business acquired — — — 663,991 — 663,991 Receivable for investments sold 173 — — 78,196 — 78,369 Other assets 847,406 10,978 12,211 301,578 (825,957 ) 346,216 Goodwill and other intangible assets 116,212 — — 146,014 — 262,226 Total assets $ 6,395,687 $ 294,306 $ 1,737,088 $ 25,520,619 $ (7,617,606 ) $ 26,330,094 Liabilities, Noncontrolling Interests and Shareholders’ Equity Liabilities Reserve for claims and claim expenses $ — $ — $ — $ 9,384,349 $ — $ 9,384,349 Unearned premiums — — — 2,530,975 — 2,530,975 Debt 391,475 — 970,255 148,349 (125,974 ) 1,384,105 Amounts due to subsidiaries and affiliates 6,708 51 102,493 — (109,252 ) — Reinsurance balances payable — — — 2,830,691 — 2,830,691 Payable for investments purchased — — — 225,275 — 225,275 Other liabilities 26,137 278 14,162 899,682 (8,235 ) 932,024 Total liabilities 424,320 329 1,086,910 16,019,321 (243,461 ) 17,287,419 Redeemable noncontrolling interests — — — 3,071,308 — 3,071,308 Shareholders’ Equity Total shareholders’ equity 5,971,367 293,977 650,178 6,429,990 (7,374,145 ) 5,971,367 Total liabilities, noncontrolling interests and shareholders’ equity $ 6,395,687 $ 294,306 $ 1,737,088 $ 25,520,619 $ (7,617,606 ) $ 26,330,094 (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, 2018 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 $ 313,360 $ 77,842 $ 28,885 $ 11,465,660 $ — $ 11,885,747 Cash and cash equivalents 3,534 3,350 9,604 1,091,434 — 1,107,922 Investments in subsidiaries 4,414,475 58,458 1,215,663 — (5,688,596 ) — Due from subsidiaries and affiliates 57,039 101,579 — — (158,618 ) — Premiums receivable — — — 1,537,188 — 1,537,188 Prepaid reinsurance premiums — — — 616,185 — 616,185 Reinsurance recoverable — — — 2,372,221 — 2,372,221 Accrued investment income 1,046 310 127 49,828 — 51,311 Deferred acquisition costs — — — 476,661 — 476,661 Receivable for investments sold 203 23,885 — 232,328 — 256,416 Other assets 458,842 22,571 313,636 (1,403,636 ) 743,714 135,127 Goodwill and other intangible assets 120,476 — — 116,942 — 237,418 Total assets $ 5,368,975 $ 287,995 $ 1,567,915 $ 16,554,811 $ (5,103,500 ) $ 18,676,196 Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity Liabilities Reserve for claims and claim expenses $ — $ — $ — $ 6,076,271 $ — $ 6,076,271 Unearned premiums — — — 1,716,021 — 1,716,021 Debt 300,000 — 843,086 148,041 (300,000 ) 991,127 Amounts due to subsidiaries and affiliates 6,453 217 102,243 — (108,913 ) — Reinsurance balances payable — — — 1,902,056 — 1,902,056 Payable for investments purchased — 24 — 380,308 — 380,332 Other liabilities 17,442 5,362 13,918 482,422 (5,535 ) 513,609 Total liabilities 323,895 5,603 959,247 10,705,119 (414,448 ) 11,579,416 Redeemable noncontrolling interests — — — 2,051,700 — 2,051,700 Shareholders’ Equity Total shareholders’ equity 5,045,080 282,392 608,668 3,797,992 (4,689,052 ) 5,045,080 Total liabilities, redeemable noncontrolling interest and shareholders’ equity $ 5,368,975 $ 287,995 $ 1,567,915 $ 16,554,811 $ (5,103,500 ) $ 18,676,196 (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 RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ 3,338,403 $ — $ 3,338,403 Net investment income 39,629 2,318 7,547 419,502 (45,163 ) 423,833 Net foreign exchange gains (losses) 7,342 — — (10,280 ) — (2,938 ) Equity in earnings of other ventures — — 3,886 19,338 — 23,224 Other income — — — 4,949 — 4,949 Net realized and unrealized gains on investments 12,393 21,557 151 380,382 — 414,483 Total revenues 59,364 23,875 11,584 4,152,294 (45,163 ) 4,201,954 Expenses Net claims and claim expenses incurred — — — 2,097,021 — 2,097,021 Acquisition expenses — — — 762,232 — 762,232 Operational expenses 7,506 56 38,487 207,981 (31,297 ) 222,733 Corporate expenses 58,393 — 16 43,413 (7,700 ) 94,122 Interest expense 18,086 — 37,993 2,285 — 58,364 Total expenses 83,985 56 76,496 3,112,932 (38,997 ) 3,234,472 (Loss) income before equity in net income of subsidiaries and taxes (24,621 ) 23,819 (64,912 ) 1,039,362 (6,166 ) 967,482 Equity in net income of subsidiaries 773,419 5,611 99,148 — (878,178 ) — Income before taxes 748,798 29,430 34,236 1,039,362 (884,344 ) 967,482 Income tax (expense) benefit — (4,872 ) 6,510 (18,853 ) — (17,215 ) Net income 748,798 24,558 40,746 1,020,509 (884,344 ) 950,267 Net income attributable to redeemable noncontrolling interests — — — (201,469 ) — (201,469 ) Net income attributable to RenaissanceRe 748,798 24,558 40,746 819,040 (884,344 ) 748,798 Dividends on preference shares (36,756 ) — — — — (36,756 ) Net income available to RenaissanceRe common shareholders $ 712,042 $ 24,558 $ 40,746 $ 819,040 $ (884,344 ) $ 712,042 (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 year ended December 31, 2019 RenaissanceRe RenRe North RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income Net income $ 748,798 $ 24,558 $ 40,746 $ 1,020,509 $ (884,344 ) $ 950,267 Change in net unrealized gains on investments, net of tax 2,173 528 764 — (1,292 ) 2,173 Foreign currency translation adjustments, net of tax (2,679 ) — — — — (2,679 ) Comprehensive income 748,292 25,086 41,510 1,020,509 (885,636 ) 949,761 Net income attributable to redeemable noncontrolling interests — — — (201,469 ) — (201,469 ) Comprehensive income attributable to redeemable noncontrolling interests — — — (201,469 ) — (201,469 ) Comprehensive income available to RenaissanceRe $ 748,292 $ 25,086 $ 41,510 $ 819,040 $ (885,636 ) $ 748,292 (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 year ended December 31, 2018 RenaissanceRe RenRe North Inc. RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ 1,976,129 $ — $ 1,976,129 Net investment income 24,791 2,193 6,219 261,192 (32,529 ) 261,866 Net foreign exchange losses (3 ) — — (12,425 ) — (12,428 ) Equity in earnings of other ventures — — 3,065 15,409 — 18,474 Other income — — — 5,969 — 5,969 Net realized and unrealized gains (losses) on investments 633 (4,360 ) (329 ) (171,013 ) — (175,069 ) Total revenues 25,421 (2,167 ) 8,955 2,075,261 (32,529 ) 2,074,941 Expenses Net claims and claim expenses incurred — — — 1,120,018 — 1,120,018 Acquisition expenses — — — 432,989 — 432,989 Operational expenses 7,679 110 34,534 164,605 (28,661 ) 178,267 Corporate expenses 25,190 — 7 3,103 5,683 33,983 Interest expense 5,683 — 37,019 4,367 — 47,069 Total expenses 38,552 110 71,560 1,725,082 (22,978 ) 1,812,326 (Loss) income before equity in net income (loss) of subsidiaries and taxes (13,131 ) (2,277 ) (62,605 ) 350,179 (9,551 ) 262,615 Equity in net income (loss) of subsidiaries 240,495 5,631 9,091 — (255,217 ) — Income (loss) before taxes 227,364 3,354 (53,514 ) 350,179 (264,768 ) 262,615 Income tax benefit (expense) — 582 6,119 (399 ) — 6,302 Net income (loss) 227,364 3,936 (47,395 ) 349,780 (264,768 ) 268,917 Net income attributable to redeemable noncontrolling interests — — — (41,553 ) — (41,553 ) Net income (loss) attributable to RenaissanceRe 227,364 3,936 (47,395 ) 308,227 (264,768 ) 227,364 Dividends on preference shares (30,088 ) — — — — (30,088 ) Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 197,276 $ 3,936 $ (47,395 ) $ 308,227 $ (264,768 ) $ 197,276 (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 year ended December 31, 2018 RenaissanceRe RenRe North Inc. RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income (loss) Net income (loss) $ 227,364 $ 3,936 $ (47,395 ) $ 349,780 $ (264,768 ) $ 268,917 Change in net unrealized gains on investments, net of tax (1,657 ) (160 ) (162 ) — 322 (1,657 ) Comprehensive income (loss) 225,707 3,776 (47,557 ) 349,780 (264,446 ) 267,260 Net income attributable to redeemable noncontrolling interests — — — (41,553 ) — (41,553 ) Comprehensive income attributable to redeemable noncontrolling interests — — — (41,553 ) — (41,553 ) Comprehensive income (loss) available (attributable) to RenaissanceRe $ 225,707 $ 3,776 $ (47,557 ) $ 308,227 $ (264,446 ) $ 225,707 (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 RenaissanceRe Holdings Ltd. (Parent Guarantor) RenRe North America Holdings Inc. (Subsidiary Issuer) Platinum RenaissanceRe Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) Consolidating Adjustments (2) RenaissanceRe Consolidated Revenues Net premiums earned $ — $ — $ — $ — $ 1,717,575 $ — $ 1,717,575 Net investment income 23,109 1,947 1,373 3,090 219,490 (26,800 ) 222,209 Net foreign exchange (losses) gains (1 ) — — — 10,629 — 10,628 Equity in (losses) earnings of other ventures — — — (223 ) 8,253 — 8,030 Other income — — — — 9,415 — 9,415 Net realized and unrealized (losses) gains on investments (1,357 ) 9,621 4,916 (479 ) 123,121 — 135,822 Total revenues 21,751 11,568 6,289 2,388 2,088,483 (26,800 ) 2,103,679 Expenses Net claims and claim expenses incurred — — — — 1,861,428 — 1,861,428 Acquisition expenses — — — — 346,892 — 346,892 Operational expenses 11,314 103 85 26,063 141,572 (18,359 ) 160,778 Corporate expenses 18,546 — — — 26 — 18,572 Interest expense 1,572 — 2,461 31,657 10,075 (1,572 ) 44,193 Total expenses 31,432 103 2,546 57,720 2,359,993 (19,931 ) 2,431,863 (Loss) income before equity in net (loss) income of subsidiaries and taxes (9,681 ) 11,465 3,743 (55,332 ) (271,510 ) (6,869 ) (328,184 ) Equity in net (loss) income of subsidiaries (212,708 ) 756 28,028 9,298 — 174,626 — (Loss) income before taxes (222,389 ) 12,221 31,771 (46,034 ) (271,510 ) 167,757 (328,184 ) Income tax (expense) benefit — (18,147 ) (1,175 ) 7,163 (14,328 ) — (26,487 ) Net (loss) income (222,389 ) (5,926 ) 30,596 (38,871 ) (285,838 ) 167,757 (354,671 ) Net loss attributable to redeemable noncontrolling interests — — — — 132,282 — 132,282 Net (loss) income attributable to RenaissanceRe (222,389 ) (5,926 ) 30,596 (38,871 ) (153,556 ) 167,757 (222,389 ) Dividends on preference shares (22,381 ) — — — — — (22,381 ) Net (loss) income (attributable) available to RenaissanceRe common shareholders $ (244,770 ) $ (5,926 ) $ 30,596 $ (38,871 ) $ (153,556 ) $ 167,757 $ (244,770 ) (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 year ended December 31, 2017 RenaissanceRe Holdings Ltd. (Parent Guarantor) RenRe North America Holdings Inc. (Subsidiary Issuer) Platinum RenaissanceRe Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) Consolidating Adjustments (2) RenaissanceRe Consolidated Comprehensive (loss) income Net (loss) income $ (222,389 ) $ (5,926 ) $ 30,596 $ (38,871 ) $ (285,838 ) $ 167,757 $ (354,671 ) Change in net unrealized gains on investments, net of tax (909 ) (89 ) — (89 ) — 178 (909 ) Comprehensive (loss) income (223,298 ) (6,015 ) 30,596 (38,960 ) (285,838 ) 167,935 (355,580 ) Net loss attributable to redeemable noncontrolling interests — — — — 132,282 — 132,282 Comprehensive loss attributable to redeemable noncontrolling interests — — — — 132,282 — 132,282 Comprehensive (loss) income (attributable) available to RenaissanceRe $ (223,298 ) $ (6,015 ) $ 30,596 $ (38,960 ) $ (153,556 ) $ 167,935 $ (223,298 ) (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 year ended December 31, 2019 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 $ (2,861 ) $ 3,872 $ 366,934 $ 1,769,250 $ 2,137,195 Cash flows provided by (used in) investing activities Proceeds from sales and maturities of fixed maturity investments trading 306,579 77,798 60,737 16,868,826 17,313,940 Purchases of fixed maturity investments trading (66,740 ) (77,145 ) (33,577 ) (17,741,881 ) (17,919,343 ) Net purchases of equity investments trading — (3,358 ) — (4,483 ) (7,841 ) Net (purchases) sales of short term investments (116,499 ) 739 (283,717 ) (1,501,264 ) (1,900,741 ) Net purchases of other investments — — — (202,878 ) (202,878 ) Net purchases of investments in other ventures — — — (2,717 ) (2,717 ) Return of investment from investment in other ventures — — — 11,250 11,250 Net sales of other assets — — — (4,108 ) (4,108 ) Dividends and return of capital from subsidiaries 1,400,944 4,350 13,500 (1,418,794 ) — Contributions to subsidiaries (1,165,607 ) — (125,000 ) 1,290,607 — Due (from) to subsidiary (625,924 ) (166 ) 250 625,840 — Net purchase of TMR — — — (276,206 ) (276,206 ) Net cash provided by (used in) investing activities (267,247 ) 2,218 (367,807 ) (2,355,808 ) (2,988,644 ) Cash flows provided by financing activities Dividends paid – RenaissanceRe common shares (59,368 ) — — — (59,368 ) Dividends paid – preference shares (36,756 ) — — — (36,756 ) Issuance of debt, net of expenses 396,411 — — — 396,411 Net third-party redeemable noncontrolling interest share transactions — — — 827,083 827,083 Taxes paid on withholding shares (7,253 ) — — — (7,253 ) Net cash provided by financing activities 293,034 — — 827,083 1,120,117 Effect of exchange rate changes on foreign currency cash — — — 2,478 2,478 Net increase (decrease) in cash and cash equivalents 22,926 6,090 (873 ) 243,003 271,146 Cash and cash equivalents, beginning of period 3,534 3,350 9,604 1,091,434 1,107,922 Cash and cash equivalents, end of period $ 26,460 $ 9,440 $ 8,731 $ 1,334,437 $ 1,379,068 (1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. Condensed Consolidating Statement of Cash Flows for the year ended December 31, 2018 RenaissanceRe RenRe North Inc. 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 $ 17,187 $ 6,315 $ 62,645 $ 1,135,554 $ 1,221,701 Cash flows used in investing activities Proceeds from sales and maturities of fixed maturity investments trading 384,818 97,272 56,518 11,046,968 11,585,576 Purchases of fixed maturity investments trading (520,935 ) (72,292 ) (55,932 ) (11,840,813 ) (12,489,972 ) Net (purchases) sales of equity investments trading — (1,308 ) — 15,464 14,156 Net sales (purchases) of short term investments 48,600 (404 ) 455 (1,485,040 ) (1,436,389 ) Net purchases of other investments — — — (199,475 ) (199,475 ) Net purchases of investments in other ventures — — — (21,473 ) (21,473 ) Return of investment from investment in other ventures — — — 8,464 8,464 Net sales of other assets — — — 2,500 2,500 Dividends and return of capital from subsidiaries 672,098 — — (672,098 ) — Contributions to subsidiaries (785,785 ) (16,847 ) (65,000 ) 867,632 — Due to (from) subsidiaries (227,762 ) (9,525 ) 9,449 227,838 — Net cash used in investing activities (428,966 ) (3,104 ) (54,510 ) (2,050,033 ) (2,536,613 ) Cash flows provided by financing activities Dividends paid – RenaissanceRe common shares (52,841 ) — — — (52,841 ) Dividends paid – preference shares (30,088 ) — — — (30,088 ) RenaissanceRe common share issuance 250,000 — — — 250,000 Issuance of preference shares, net of expenses 241,448 — — — 241,448 Net third-party redeemable noncontrolling interest share transactions — — — 665,683 665,683 Taxes paid on withholding shares (7,862 ) — — — (7,862 ) Net cash provided by financing activities 400,657 — — 665,683 1,066,340 Effect of exchange rate changes on foreign currency cash — — — (5,098 ) (5,098 ) Net (decrease) increase in cash and cash equivalents (11,122 ) 3,211 8,135 (253,894 ) (253,670 ) 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 $ 3,534 $ 3,350 $ 9,604 $ 1,091,434 $ 1,107,922 (1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. Condensed Consolidating Statement of Cash Flows for the year ended December 31, 2017 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other RenaissanceRe Cash flows (used in) provided by operating activities Net cash (used in) provided by operating activities $ 21,118 $ (8,253 ) $ (2,272 ) $ (347,890 ) $ 1,363,084 $ 1,025,787 Cash flows provided by (used in) investing activities Proceeds from sales and maturities of fixed maturity investments trading 261,601 100,248 289,741 288,900 8,550,179 9,490,669 Purchases of fixed maturity investments trading (344,463 ) (99,568 ) (143,991 ) (275,778 ) (9,229,732 ) (10,093,532 ) Net (purchases) sales of equity investments trading — (1,752 ) 85,324 — 32,265 115,837 Net sales (purchases) of short term investments 243,571 114 41,299 (493 ) 79,520 364,011 Net purchases of other investments — — — — (19,419 ) (19,419 ) Return of investment from investment in other ventures — — — — 20,000 20,000 Dividends and return of capital from subsidiaries 478,496 9,175 — 41,866 (529,537 ) — Contributions to subsidiaries (669,672 ) — (26,649 ) (9,890 ) 706,211 — Due to (from) subsidiary 294,419 13 (123 ) (509 ) (293,800 ) — Net cash provided by (used in) investing activities 263,952 8,230 245,601 44,096 (684,313 ) (122,434 ) Cash flows (used in) provided by financing activities Dividends paid – RenaissanceRe common shares (51,370 ) — — — — (51,370 ) Dividends paid – preference shares (22,381 ) — — — — (22,381 ) RenaissanceRe common share repurchases (188,591 ) — — — — (188,591 ) Net 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 — — — — 260,475 260,475 Taxes paid on withholding shares (15,139 ) — — — — (15,139 ) Net cash (used in) provided by financing activities (277,481 ) — (250,000 ) 295,866 260,475 28,860 Effect of exchange rate changes on foreign currency cash — — — — 8,222 8,222 Net increase (decrease) in cash and cash equivalents 7,589 (23 ) (6,671 ) (7,928 ) 947,468 940,435 Cash and cash equivalents, beginning of year 7,067 162 6,671 9,397 397,860 421,157 Cash and cash equivalents, end of year $ 14,656 $ 139 $ — $ 1,469 $ 1,345,328 $ 1,361,592 (1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. |