Cash Flow Statement

Operating Cash Flow

+130%

+85%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Operating Cash Flow
Net Income	202	261	322	355	429	515	542	625	643	588	130	164	43	94	155	(247)	(112)	(154)	385	797	811	866	750	777	763	757	300	84	39	183	803	1 053	1 096	1 037	983	861	350	133	(57)	(90)	498	628	805	749	721	584	573	842	806	920	794	686	700	629	637	542	507	589	665	630	584	626	(266)	(355)	(395)	(357)	395	269	530	727	786	950	622	875	842	993	637	513	(200)	(103)	(170)	(1 015)	(1 565)	(1 160)	78	719	2 325	3 620	3 398	3 752	4 968	2 961	2 317	2 752	2 451	3 618
Depreciation & Amortization	5	15	20	19	20	13	13	13	14	16	17	17	16	13	12	10	6	0	(7)	(12)	(14)	(15)	(14)	(20)	(20)	(13)	(10)	(9)	(6)	(10)	(6)	9	24	38	48	60	56	50	47	42	45	54	61	60	59	58	57	52	47	40	40	48	44	45	21	18	22	17	33	29	27	30	30	31	39	44	44	0	0	0	0	0	0	0	0	17	18	0	0	0	0	0	0	0	0	0	0	0	16	26	252	258	246	242	9	0
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	23	0	0	0	25	0	0	0	36	0	0	0	34	0	0	0	33	0	0	0	38	0	0	0	43	0	0	0	38	0	0	0	38	0	0	0	47	0	0	0	37	0	0	0	36	0	0	0	41	0	0	0	0	0	0	0	0	0	0	0	45	0	0	0	60	0	0	0	71	0	0	0	78
Other Non-Cash Items	(1)	13	27	41	22	(30)	(35)	(32)	(50)	31	(83)	(111)	(84)	(84)	(77)	(186)	(146)	(153)	(21)	125	75	64	98	86	152	174	245	447	451	329	97	(148)	(220)	(112)	(236)	(192)	(238)	(272)	12	(52)	18	48	(7)	(45)	(16)	(16)	(63)	(57)	(44)	(70)	(35)	(17)	(46)	(8)	3	4	(13)	32	32	(6)	38	(16)	(17)	(18)	(2)	(42)	(66)	5	6	7	3	(72)	(68)	(66)	(12)	32	47	47	2	(8)	(19)	8	10	(16)	(50)	(110)	(155)	(142)	(106)	(62)	(6)	9	1	(10)	(15)	(31)
Cash Taxes Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	(0)	0	0	0	4	0	0	0	11	0	0	0	13	0	0	0	1	0	0	0	1	0	0	0	10	0	0	0	(1)	0	0	0	0	0	0	0	0	0	0	0	10	0	0	0	6	0	0	0	(4)	0	0	0	3	0	0	0	27	0	0	0	100	0	0	0	237
Cash Interest Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	28	0	0	0	37	0	0	0	36	0	0	0	28	0	0	0	19	0	0	0	18	0	0	0	24	0	0	0	23	0	0	0	20	0	0	0	17	0	0	0	41	0	0	0	54	0	0	0	44	0	0	0	46	0	0	0	53	0	0	0	49	0	0	0	21	0	0	0	46	0	0	0	74	0	0	0	88	0	0	0	112
Change in Working Capital	189	256	318	364	454	360	437	215	228	238	778	448	507	400	219	759	480	600	(4)	(96)	(54)	(144)	45	(53)	22	(92)	183	7	(89)	(137)	(466)	(293)	(191)	(266)	(130)	(230)	94	330	195	266	(218)	(290)	(340)	(33)	(76)	(21)	(8)	(19)	(74)	(77)	35	(56)	(203)	(208)	(231)	(150)	15	(76)	(96)	(169)	44	54	964	1 368	1 125	1 389	920	948	1 114	947	840	1 259	1 682	1 401	1 373	951	1 021	894	1 647	1 346	1 388	2 176	2 858	2 780	1 844	1 352	(37)	(1 566)	(1 149)	(535)	(1 316)	937	1 075	912	1 544	107
Cash from Operating Activities	395 N/A	544 +38%	687 +26%	778 +13%	926 +19%	858 -7%	958 +12%	821 -14%	835 +2%	873 +5%	842 -4%	518 -38%	482 -7%	423 -12%	309 -27%	336 +9%	229 -32%	294 +29%	353 +20%	813 +130%	818 +1%	771 -6%	879 +14%	791 -10%	917 +16%	826 -10%	719 -13%	529 -26%	396 -25%	365 -8%	428 +17%	621 +45%	709 +14%	697 -2%	665 -5%	499 -25%	262 -48%	241 -8%	197 -18%	166 -16%	343 +107%	439 +28%	519 +18%	731 +41%	688 -6%	605 -12%	560 -7%	817 +46%	735 -10%	813 +11%	834 +3%	661 -21%	496 -25%	458 -8%	429 -6%	415 -3%	532 +28%	561 +6%	633 +13%	485 -23%	692 +43%	694 +0%	711 +3%	1 026 +44%	768 -25%	1 034 +35%	1 293 +25%	1 222 -5%	1 636 +34%	1 657 +1%	1 598 -4%	2 137 +34%	2 236 +5%	2 210 -1%	2 203 0%	1 993 -10%	1 724 -13%	1 471 -15%	1 465 0%	1 235 -16%	1 197 -3%	1 169 -2%	1 303 +12%	1 604 +23%	1 871 +17%	1 961 +5%	2 132 +9%	1 912 -10%	2 159 +13%	3 181 +47%	3 898 +23%	4 165 +7%	3 639 -13%	3 896 +7%	3 989 +2%	3 693 -7%
Investing Cash Flow
Capital Expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(1)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Items	(1 227)	(1 466)	(1 426)	(893)	(1 143)	(1 016)	(1 073)	(955)	(935)	(969)	(889)	(633)	(344)	(242)	(222)	(557)	(515)	(643)	(539)	(957)	(673)	(583)	(695)	(170)	(316)	(181)	38	(51)	(62)	(119)	(284)	(116)	(174)	19	(25)	109	433	426	408	315	(175)	(367)	(291)	(72)	338	368	265	(316)	(234)	(266)	(181)	142	(98)	(378)	(142)	(339)	(300)	147	(158)	(165)	(295)	(303)	(405)	(122)	(798)	(1 582)	(1 972)	(2 537)	(2 448)	(3 192)	(2 811)	(2 989)	(2 903)	(2 639)	(2 705)	(2 305)	(2 238)	(459)	(905)	(816)	(757)	(1 890)	(1 943)	(3 016)	(3 297)	(5 242)	(4 743)	(3 823)	(3 442)	(1 925)	(3 094)	(3 061)	(3 256)	(3 028)	(2 581)	(2 216)
Cash from Investing Activities	(1 227) N/A	(1 466) -19%	(1 426) +3%	(893) +37%	(1 143) -28%	(1 016) +11%	(1 073) -6%	(955) +11%	(935) +2%	(969) -4%	(889) +8%	(633) +29%	(344) +46%	(242) +30%	(222) +8%	(557) -151%	(515) +7%	(643) -25%	(539) +16%	(957) -78%	(673) +30%	(583) +13%	(695) -19%	(170) +76%	(316) -86%	(181) +43%	38 N/A	(51) N/A	(62) -21%	(120) -94%	(284) -137%	(116) +59%	(174) -50%	20 N/A	(25) N/A	109 N/A	433 +298%	426 -2%	408 -4%	315 -23%	(175) N/A	(367) -110%	(291) +21%	(72) +75%	338 N/A	368 +9%	265 -28%	(316) N/A	(234) +26%	(266) -13%	(181) +32%	142 N/A	(98) N/A	(378) -287%	(142) +62%	(339) -139%	(300) +12%	147 N/A	(158) N/A	(165) -4%	(295) -79%	(303) -3%	(405) -34%	(122) +70%	(798) -552%	(1 582) -98%	(1 972) -25%	(2 537) -29%	(2 448) +3%	(3 192) -30%	(2 811) +12%	(2 989) -6%	(2 903) +3%	(2 639) +9%	(2 705) -2%	(2 305) +15%	(2 238) +3%	(459) +79%	(905) -97%	(816) +10%	(757) +7%	(1 890) -150%	(1 943) -3%	(3 016) -55%	(3 297) -9%	(5 242) -59%	(4 743) +10%	(3 823) +19%	(3 442) +10%	(1 925) +44%	(3 094) -61%	(3 061) +1%	(3 256) -6%	(3 028) +7%	(2 581) +15%	(2 216) +14%
Financing Cash Flow
Net Issuance of Common Stock	378	378	378	(3)	94	94	94	97	242	242	242	242	(1)	(1)	(1)	(1)	(1)	0	0	291	136	130	53	(453)	(532)	(645)	(644)	(428)	(195)	(76)	0	(51)	(255)	(462)	(462)	(549)	(520)	(312)	(312)	(192)	(20)	(107)	(274)	(613)	(721)	(655)	(506)	(217)	(368)	(400)	(542)	(515)	(252)	(201)	(237)	(260)	(345)	(524)	(372)	(309)	(304)	(190)	(189)	(189)	(109)	200	242	491	0	249	249	0	(188)	908	908	908	924	(481)	(491)	(814)	(740)	(475)	(490)	(167)	(69)	1 327	1 352	1 352	0	(110)	(215)	(667)	(1 025)	(1 290)	(1 391)	(1 600)
Net Issuance of Debt	132	224	90	92	191	74	74	74	(25)	0	0	0	0	0	0	150	0	135	60	(50)	(50)	(35)	41	2	1	0	(1)	(2)	(1)	0	0	(150)	99	99	99	249	(0)	(200)	(200)	(200)	(200)	0	5	(2)	(99)	(95)	(95)	(102)	(5)	(9)	(15)	0	298	446	446	446	0	0	0	0	0	46	46	46	0	0	0	0	200	396	396	396	(54)	(250)	(250)	(250)	0	0	0	30	0	0	0	0	(30)	712	711	786	741	74	50	(75)	866	300	290	439
Cash Paid for Dividends	(39)	(44)	(49)	(51)	(53)	(56)	(58)	(61)	(65)	(71)	(78)	(85)	(89)	(90)	(91)	(92)	(92)	(93)	(94)	(95)	(99)	(101)	(104)	(106)	(104)	(103)	(101)	(100)	(100)	(101)	(101)	(102)	(102)	(101)	(100)	(98)	(95)	(92)	(90)	(89)	(89)	(90)	(89)	(88)	(84)	(82)	(78)	(74)	(73)	(71)	(70)	(68)	(70)	(72)	(74)	(76)	(76)	(75)	(74)	(74)	(74)	(74)	(74)	(74)	(74)	(74)	(79)	(83)	(88)	(93)	(95)	(96)	(97)	(98)	(98)	(99)	(100)	(100)	(101)	(101)	(101)	(101)	(100)	(100)	(100)	(104)	(107)	(110)	(114)	(115)	(116)	(116)	(115)	(114)	(113)	(110)
Other	297	297	298	25	3	3	3	0	(61)	(61)	(61)	(39)	22	22	22	271	309	309	309	38	(103)	(103)	(103)	49	96	96	96	(18)	(135)	(135)	(135)	(183)	(132)	(140)	(140)	(134)	(135)	(59)	(62)	(62)	150	155	155	165	(37)	(110)	(110)	(6)	(40)	(36)	4	(112)	(144)	(155)	(192)	(193)	(71)	(50)	(62)	(18)	(7)	(4)	(5)	245	353	348	392	658	588	1 108	1 078	820	876	381	360	107	78	168	177	582	635	849	930	992	1 108	885	649	562	(150)	(416)	(146)	(429)	(79)	43	(50)	(140)
Cash from Financing Activities	768 N/A	855 +11%	717 -16%	62 -91%	234 +276%	115 -51%	113 -2%	110 -2%	91 -17%	110 +20%	102 -7%	118 +15%	(67) N/A	(68) -1%	(69) -1%	328 N/A	366 +11%	350 -4%	275 -22%	184 -33%	(115) N/A	(109) +5%	(113) -4%	(508) -349%	(539) -6%	(652) -21%	(650) +0%	(549) +16%	(432) +21%	(312) +28%	(237) +24%	(486) -105%	(390) +20%	(605) -55%	(603) +0%	(532) +12%	(750) -41%	(664) +11%	(664) 0%	(542) +18%	(159) +71%	(41) +74%	(203) -397%	(539) -165%	(942) -75%	(941) +0%	(788) +16%	(399) +49%	(486) -22%	(516) -6%	(622) -21%	(695) -12%	(169) +76%	18 N/A	(57) N/A	(84) -46%	(344) -311%	(649) -89%	(508) +22%	(401) +21%	(385) +4%	(222) +42%	(221) +0%	29 N/A	217 +649%	473 +118%	556 +17%	1 066 +92%	1 192 +12%	1 660 +39%	1 629 -2%	1 120 -31%	538 -52%	942 +75%	919 -2%	665 -28%	901 +35%	(412) N/A	(415) -1%	(302) +27%	(175) +42%	304 N/A	370 +22%	725 +96%	908 +25%	2 821 +211%	2 604 -8%	2 589 -1%	1 828 -29%	(567) N/A	(427) +25%	(1 288) -202%	(353) +73%	(1 061) -201%	(1 264) -19%	(1 411) -12%
Change in Cash
Effect of Foreign Exchange Rates	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3	0	0	0	(2)	(5)	(3)	(2)	(1)	(4)	(5)	(1)	(1)	7	7	1	1	(1)	(4)	1	2	4	4	4	1	(3)	(2)	3	10	1	6	(6)	(11)	4	(2)	2	(5)	(8)	(1)	4	8	8	0	(5)	(5)	(7)	(3)	3	3	4	3	(1)	5	3	4	8	6	12	26	33	22	18	6	(2)	6	(2)	(6)	(0)	(17)	(5)	(6)	(15)	(12)
Net Change in Cash	(65) N/A	(67) -4%	(22) +68%	(53) -144%	18 N/A	(43) N/A	(2) +94%	(24) -888%	(8) +65%	14 N/A	55 +297%	3 -94%	71 +2 036%	113 +60%	18 -84%	107 +509%	79 -26%	0 -100%	89 +29 500%	40 -55%	30 -26%	79 +165%	72 -10%	116 +62%	62 -46%	(6) N/A	107 N/A	(72) N/A	(102) -42%	(69) +32%	(96) -38%	18 N/A	141 +686%	107 -24%	36 -67%	75 +109%	(49) N/A	10 N/A	(59) N/A	(61) -3%	8 N/A	26 +218%	26 -1%	122 +367%	89 -28%	35 -60%	40 +14%	104 +158%	13 -88%	30 +138%	34 +13%	118 +246%	231 +96%	104 -55%	224 +116%	(19) N/A	(109) -480%	58 N/A	(31) N/A	(86) -174%	5 N/A	168 +3 320%	88 -47%	941 +965%	194 -79%	(75) N/A	(129) -72%	(254) -97%	373 N/A	122 -67%	418 +242%	271 -35%	(125) N/A	515 N/A	416 -19%	358 -14%	390 +9%	604 +55%	153 -75%	122 -20%	276 +126%	(392) N/A	(236) +40%	(665) -181%	(499) +25%	(454) +9%	(8) +98%	683 N/A	543 -21%	683 +26%	377 -45%	(201) N/A	26 N/A	(198) N/A	129 N/A	55 -58%

Income Statement Balance Sheet Cash Flow Statement

Renaissancere Holdings Ltd
NYSE:RNR

Cash Flow Statement

Cash Flow Statement
Renaissancere Holdings Ltd

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Renaissancere Holdings Ltd NYSE:RNR

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Cash Flow Statement Renaissancere Holdings Ltd

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Renaissancere Holdings Ltd
NYSE:RNR

Cash Flow Statement
Renaissancere Holdings Ltd