RenaissanceRe Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,682	1,870	2,561	-1,061	-40.16
Depreciation & Amortization	-14.12	258.46	-134.75	-26.95	-20.99
Gain (Loss) on Sale of Investments	-1,182	-29.44	-482.79	1,635	205.9
Change in Accounts Receivable	37.77	-9.55	-126.85	-1,358	-886.91
Reinsurance Recoverable	581.48	862.9	663.91	-442.26	-1,343
Change in Unearned Revenue	77.76	-185.72	-227	1,028	767.61
Change in Insurance Reserves / Liabilities	998.85	816.62	-34.66	2,598	2,913
Change in Other Net Operating Assets	-157.18	-335.26	-355.9	-425.86	-468.36
Other Operating Activities	935.41	1,090	1,059	-98.61	-63.29
Operating Cash Flow	3,693	4,165	1,912	1,604	1,235
Operating Cash Flow Growth	-11.33%	117.87%	19.20%	29.87%	-38.03%
Cash Acquisitions	-	-	-2,434	-	-
Investment in Securities	-2,780	-2,981	-1,315	-3,016	-816.3
Other Investing Activities	564.34	-80	-74.35	-	-
Investing Cash Flow	-2,216	-3,061	-3,823	-3,016	-816.3
Short-Term Debt Issued	75	75	75	-	30
Long-Term Debt Issued	889.11	-	740.58	-	-
Total Debt Issued	964.11	75	815.58	-	30
Total Debt Repaid	-525	-150	-30	-	-
Net Debt Issued (Repaid)	439.11	-75	785.58	-	30
Issuance of Common Stock	-	-	1,352	-	-
Repurchases of Common Stock	-1,623	-690.5	-20.52	-177.58	-1,040
Issuance of Preferred Stock	-	-	-	-	500
Repurchases of Preferred Stock	-	-	-	-	-275
Common Dividends Paid	-74.84	-80.85	-75.11	-64.68	-67.83
Preferred Dividends Paid	-35.38	-35.38	-35.38	-35.4	-32.89
Total Dividends Paid	-110.22	-116.22	-110.49	-100.07	-100.72
Other Financing Activities	-116.2	-405.79	582.46	1,003	582.93
Financing Cash Flow	-1,411	-1,288	2,589	725.34	-302.46
Foreign Exchange Rate Adjustments	-12.22	-17.37	5.54	22.47	6.15
Net Cash Flow	54.58	-200.91	683.18	-664.68	122.21
Cash Interest Paid	111.83	88.05	73.54	46.25	21.17
Cash Income Tax Paid	-	-	-	3.13	-4.26
Levered Free Cash Flow	-14,723	816.94	-1,309	-19.82	1,868
Unlevered Free Cash Flow	-14,647	875.54	-1,263	10.39	1,897
Change in Working Capital	1,289	966.24	-1,083	1,145	1,140

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.