RENAISSANCERE HOLDINGS LTD
For the period ended Jun 30, 2025. Filed Jul 24, 2025.
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Jun 30, 2025 · Filed Jul 24, 2025
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SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION
RenaissanceRe Finance, a 100% owned subsidiary of RenaissanceRe, issued certain 3.700% Senior Notes due 2025 and 3.450% Senior Notes due 2027. On April 1, 2025, RenaissanceRe Finance repaid in full at maturity the aggregate principal amount of $300.0 million, plus applicable accrued interest, of its 3.700% Senior Notes due 2025. Each series of notes is or was fully and unconditionally guaranteed by RenaissanceRe. The guarantees are or were senior unsecured obligations of RenaissanceRe ranking equally in right of payment with all other existing and future unsecured and unsubordinated indebtedness of RenaissanceRe, which may be outstanding from time to time. Each series of notes has or had various covenants, including limitations on mergers and consolidations, and restrictions as to the disposition of, and the placing of liens on, stock of designated subsidiaries. For additional information related to the terms of our debt securities, see “Note 9. Debt and Credit Facilities” in our “Notes to the Consolidated Financial Statements” in our Form 10-K for the year ended December 31, 2024 and “Note 7. Debt and Credit Facilities” included herein.
The following tables present supplemental summarized financial information for RenaissanceRe and RenaissanceRe Finance, collectively the “Obligor Group.” Intercompany transactions among the members of the Obligor Group have been eliminated. The financial information of non-obligor subsidiaries has been excluded from the summarized financial information. In addition, assets as detailed in the table below exclude investments in subsidiaries for the Obligor Group. Significant intercompany transactions and receivable/payable balances between the Obligor Group and non-obligor subsidiaries are presented separately in the summarized financial information:
Summarized Balance Sheets
| (in thousands) | June 30,2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Receivables due from non-obligor subsidiaries | $1,725,626 | $2,216,081 |
| Other current assets | 228,490 | 435,661 |
| Total current assets | $1,954,116 | $2,651,742 |
| Goodwill and other intangibles | $98,123 | $98,662 |
| Loan receivable from non-obligor subsidiaries | 692,360 | 646,830 |
| Other noncurrent assets | 24,294 | 14,820 |
| Total noncurrent assets | $814,777 | $760,312 |
| Liabilities | ||
| Payables due to non-obligor subsidiaries | $20,590 | $17,804 |
| Other current liabilities | 79,238 | 118,442 |
| Total current liabilities | $99,828 | $136,246 |
| Loan payable to non-obligor subsidiaries | $609,180 | $205,255 |
| Other noncurrent liabilities | 2,033,767 | 1,839,502 |
| Total noncurrent liabilities | $2,642,947 | $2,044,757 |
Summarized Statement of Operations
| (in thousands) | Six months ended June 30, 2025 |
|---|---|
| Revenues | |
| Intercompany revenue with non-obligor subsidiaries | $74,503 |
| Other revenue | 51,632 |
| Total revenues | 126,135 |
| Expenses | |
| Intercompany expense with non-obligor subsidiaries | 32,129 |
| Other expense | 63,010 |
| Total expenses | 95,139 |
| Income tax benefit (expense) | 4,499 |
| Net income (loss) | 35,495 |
| Dividends on RenaissanceRe preference shares | (17,688) |
| Net income (loss) attributable to Obligor Group | $17,807 |
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