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, 2017 and December 31, 2016 , condensed consolidating statements of operations and condensed consolidating statements of comprehensive (loss) income for the three and nine months ended September 30, 2017 and 2016 , and condensed consolidating statements of cash flows for the nine months ended September 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 September 30, 2017 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Assets Total investments $ 193,268 $ 130,802 $ — $ 35,098 $ 9,283,010 $ — $ 9,642,178 Cash and cash equivalents 12,370 226 10 7,663 561,307 — 581,576 Investments in subsidiaries 3,968,721 37,834 — 1,152,247 — (5,158,802 ) — Due from subsidiaries and affiliates 107,746 91,891 — — — (199,637 ) — Premiums receivable — — — — 1,521,266 — 1,521,266 Prepaid reinsurance premiums — — — — 635,756 — 635,756 Reinsurance recoverable — — — — 1,588,304 — 1,588,304 Accrued investment income 125 197 — 59 37,985 — 38,366 Deferred acquisition costs — — — — 434,914 — 434,914 Receivable for investments sold 9,042 13,472 — 101 171,143 — 193,758 Other assets 429,594 36,825 — 435,815 98,023 (836,238 ) 164,019 Goodwill and other intangible assets 126,246 — — — 118,541 — 244,787 Total assets $ 4,847,112 $ 311,247 $ 10 $ 1,630,983 $ 14,450,249 $ (6,194,677 ) $ 15,044,924 Liabilities, Noncontrolling Interests and Shareholders’ Equity Liabilities Reserve for claims and claim expenses $ — $ — $ — $ — $ 5,192,313 $ — $ 5,192,313 Unearned premiums — — — — 1,713,069 — 1,713,069 Debt 417,000 — — 841,592 147,653 (417,000 ) 989,245 Amounts due to subsidiaries and affiliates 2,950 55 — 97,365 — (100,370 ) — Reinsurance balances payable — — — — 1,034,454 — 1,034,454 Payable for investments purchased 8,989 17,938 — — 350,616 — 377,543 Other liabilities 15,161 927 — 9,926 282,647 (7,102 ) 301,559 Total liabilities 444,100 18,920 — 948,883 8,720,752 (524,472 ) 9,608,183 Redeemable noncontrolling interests — — — — 1,033,729 — 1,033,729 Shareholders’ Equity Total shareholders’ equity 4,403,012 292,327 10 682,100 4,695,768 (5,670,205 ) 4,403,012 Total liabilities, noncontrolling interests and shareholders’ equity $ 4,847,112 $ 311,247 $ 10 $ 1,630,983 $ 14,450,249 $ (6,194,677 ) $ 15,044,924 (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 $ — $ — $ — $ — $ 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 RenaissanceRe RenRe North 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, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments. Condensed Consolidating Statement of Comprehensive (Loss) Income for the nine 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 $ (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, 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 $ — $ — $ — $ — $ 346,521 $ — $ 346,521 Net investment income 5,892 441 795 140 50,406 (6,251 ) 51,423 Net foreign exchange losses — — — — (5,986 ) — (5,986 ) Equity in losses of other ventures — — — — (11,630 ) — (11,630 ) Other income 21 — — — 2,247 — 2,268 Net realized and unrealized (losses) gains on investments (336 ) 1,397 2,105 — 56,704 — 59,870 Total revenues 5,577 1,838 2,900 140 438,262 (6,251 ) 442,466 Expenses Net claims and claim expenses incurred — — — — 112,575 — 112,575 Acquisition expenses — — — — 80,580 — 80,580 Operational expenses (1,233 ) 36 60 5,021 40,018 (3,409 ) 40,493 Corporate expenses 11,617 — — — (80 ) — 11,537 Interest expense 140 — 1,476 6,545 2,515 (140 ) 10,536 Total expenses 10,524 36 1,536 11,566 235,608 (3,549 ) 255,721 Income (loss) before equity in net income of subsidiaries and taxes (4,947 ) 1,802 1,364 (11,426 ) 202,654 (2,702 ) 186,745 Equity in net income of subsidiaries 158,862 1,463 (2,694 ) 1,130 — (158,761 ) — Income (loss) before taxes 153,915 3,265 (1,330 ) (10,296 ) 202,654 (161,463 ) 186,745 Income tax (expense) benefit (1,495 ) (324 ) (401 ) 2,785 751 — 1,316 Net income (loss) 152,420 2,941 (1,731 ) (7,511 ) 203,405 (161,463 ) 188,061 Net income attributable to redeemable noncontrolling interests — — — — (35,641 ) — (35,641 ) Net income (loss) attributable to RenaissanceRe 152,420 2,941 (1,731 ) (7,511 ) 167,764 (161,463 ) 152,420 Dividends on preference shares (5,595 ) — — — — — (5,595 ) Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 146,825 $ 2,941 $ (1,731 ) $ (7,511 ) $ 167,764 $ (161,463 ) $ 146,825 (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, 2016 RenaissanceRe RenRe North Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income (loss) Net income (loss) $ 152,420 $ 2,941 $ (1,731 ) $ (7,511 ) $ 203,405 $ (161,463 ) $ 188,061 Change in net unrealized gains on investments — — — — 284 — 284 Comprehensive income (loss) 152,420 2,941 (1,731 ) (7,511 ) 203,689 (161,463 ) 188,345 Net income attributable to redeemable noncontrolling interests — — — — (35,641 ) — (35,641 ) Comprehensive income attributable to redeemable noncontrolling interests — — — — (35,641 ) — (35,641 ) Comprehensive income (loss) attributable to RenaissanceRe $ 152,420 $ 2,941 $ (1,731 ) $ (7,511 ) $ 168,048 $ (161,463 ) $ 152,704 (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, 2016 RenaissanceRe RenRe North Inc. Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Revenues Net premiums earned $ — $ — $ — $ — $ 1,051,529 $ — $ 1,051,529 Net investment income 18,499 1,395 3,074 421 129,038 (18,017 ) 134,410 Net foreign exchange losses (2 ) — — — (8,366 ) — (8,368 ) Equity in losses of other ventures — — — — (3,997 ) — (3,997 ) Other (loss) income (770 ) — — — 9,771 — 9,001 Net realized and unrealized gains on investments 4,951 3,651 7,483 — 175,210 — 191,295 Total revenues 22,678 5,046 10,557 421 1,353,185 (18,017 ) 1,373,870 Expenses Net claims and claim expenses incurred — — — — 406,930 — 406,930 Acquisition expenses — — — — 215,177 — 215,177 Operational expenses (3,038 ) (61 ) 176 16,603 145,466 (11,345 ) 147,801 Corporate expenses 22,411 203 — 7 2,893 — 25,514 Interest expense 421 — 4,429 19,632 7,549 (421 ) 31,610 Total expenses 19,794 142 4,605 36,242 778,015 (11,766 ) 827,032 Income before equity in net income of subsidiaries and taxes 2,884 4,904 5,952 (35,821 ) 575,170 (6,251 ) 546,838 Equity in net income of subsidiaries 424,077 2,996 31,727 42,774 — (501,574 ) — Income before taxes 426,961 7,900 37,679 6,953 575,170 (507,825 ) 546,838 Income tax benefit (expense) 970 (1,791 ) (1,583 ) 8,456 (14,092 ) — (8,040 ) Net income 427,931 6,109 36,096 15,409 561,078 (507,825 ) 538,798 Net income attributable to redeemable noncontrolling interests — — — — (110,867 ) — (110,867 ) Net income attributable to RenaissanceRe 427,931 6,109 36,096 15,409 450,211 (507,825 ) 427,931 Dividends on preference shares (16,786 ) — — — — — (16,786 ) Net income available to RenaissanceRe common shareholders $ 411,145 $ 6,109 $ 36,096 $ 15,409 $ 450,211 $ (507,825 ) $ 411,145 (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 nine months ended September 30, 2016 RenaissanceRe RenRe North Inc. Platinum Underwriters Finance, Inc. (Subsidiary Issuer) RenaissanceRe Finance, Inc. (Subsidiary Issuer) Other Consolidating RenaissanceRe Comprehensive income Net income $ 427,931 $ 6,109 $ 36,096 $ 15,409 $ 561,078 $ (507,825 ) $ 538,798 Change in net unrealized gains on investments — — — — 513 — 513 Comprehensive income 427,931 6,109 36,096 15,409 561,591 (507,825 ) 539,311 Net income attributable to redeemable noncontrolling interests — — — — (110,867 ) — (110,867 ) Comprehensive income attributable to redeemable noncontrolling interests — — — — (110,867 ) — (110,867 ) Comprehensive income available to RenaissanceRe $ 427,931 $ 6,109 $ 36,096 $ 15,409 $ 450,724 $ (507,825 ) $ 428,444 (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, 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 $ (6,870 ) $ (8,209 ) $ (2,262 ) $ (343,093 ) $ 982,136 $ 621,702 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 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 to (from) subsidiary 290,130 14 (123 ) 4,062 (294,083 ) — Net cash provided by (used in) investing activities 269,868 8,273 245,601 45,493 (784,092 ) (214,857 ) 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 ) 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 — — — — (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. Condensed Consolidating Statement of Cash Flows for the nine months ended September 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 (used in) provided by operating activities Net cash (used in) provided by operating activities $ (7,644 ) $ 1,847 $ (11,062 ) $ (35,171 ) $ 432,395 $ 380,365 Cash flows provided by (used in) investing activities Proceeds from sales and maturities of fixed maturity investments trading 272,710 62,959 113,947 — 6,059,403 6,509,019 Purchases of fixed maturity investments trading (336,345 ) (115,849 ) (259,165 ) — (6,033,479 ) (6,744,838 ) Proceeds from sales and maturities of fixed maturity investments available for sale — — — — 5,931 5,931 Net (purchases) sales of equity investments trading — (2,392 ) 192,911 — (7,407 ) 183,112 Net sales (purchases) of short term investments 122,656 67,986 (41,881 ) — (19,892 ) 128,869 Net purchases of other investments — — — — (56,765 ) (56,765 ) Net sales of other assets — — — — 400 400 Dividends and return of capital from subsidiaries 408,189 2,900 — 9,300 (420,389 ) — Contributions to subsidiaries (91,001 ) — — — 91,001 — Due to (from) subsidiaries (3,497 ) (22,502 ) (108 ) 27,724 (1,617 ) — Net cash provided by (used in) investing activities 372,712 (6,898 ) 5,704 37,024 (382,814 ) 25,728 Cash flows used in financing activities Dividends paid – RenaissanceRe common shares (38,886 ) — — — — (38,886 ) Dividends paid – preference shares (16,786 ) — — — — (16,786 ) RenaissanceRe common share repurchases (309,434 ) — — — — (309,434 ) Net third party redeemable noncontrolling interest share transactions — — — — (45,496 ) (45,496 ) Taxes paid on withholding shares — — — — (10,362 ) (10,362 ) Net cash used in financing activities (365,106 ) — — — (55,858 ) (420,964 ) Effect of exchange rate changes on foreign currency cash — — — — 1,316 1,316 Net (decrease) increase in cash and cash equivalents (38 ) (5,051 ) (5,358 ) 1,853 (4,961 ) (13,555 ) 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 $ 10,147 $ 857 $ 1,745 $ 2,530 $ 478,051 $ 493,330 (1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. |