principal-at-risk variable rate notes to investors for principal amounts of 20.0 million and 10.0 million. At December 31, 2021, the total assets and total liabilities of Mona &isa Re were 60. million and 60. million, respectively (2020 - 400.3 million and 400.3 million, respectively). The fair value of the Company’s investment in the principal-at-risk variable rate notes of Mona &isa Re is included in other investments. Net of third-party investors, the fair value of the Company’s investment in Mona &isa Re was 6. million at December 31, 2021 ( 2020 - 3. million). Fibonacci Re Fibonacci Re provides collateralized capacity to Renaissance Reinsurance and its affiliates. The Company concluded that Fibonacci Re meets the definition of a 0IE as it does not have sufficient equity capital to finance its activities. The Company evaluated its relationship with Fibonacci Re and concluded it is not the primary beneficiary of Fibonacci Re as it does not have power over the activities that most significantly impact the economic performance of Fibonacci Re. As a result, the Company does not consolidate the financial position or results of operations of Fibonacci Re. The Company has not provided financial or other support to Fibonacci Re that it was not contractually required to provide. Renaissance Reinsurance had no outstanding balances with Fibonacci Re as of December 31, 2021 and 2020, and there was no material impact on the Company’s consolidated statements of operations for the years ended December 31, 2021 and 2020. Langhorne The Company and Reinsurance Group of America, Incorporated formed &anghorne, an initiative to source third-party capital to support reinsurers targeting large in-force life and annuity blocks. In connection with &anghorne, as of December 31, 2021 the Company has invested 2.3 million in &anghorne "oldings (2020 - 2.0 million), a company that owns and manages certain reinsurance entities within &anghorne. In addition, as of December 31, 2021 the Company has invested 0.1 million in &anghorne *artners (2020 - 0.1 million), the general partner for &anghorne and the entity which manages the third-party investors investing into &anghorne "oldings. The Company concluded that &anghorne "oldings meets the definition of a 0IE as the voting rights are not proportional with the obligations to absorb losses and rights to receive residual returns. The Company evaluated its relationship with &anghorne "oldings and concluded it is not the primary beneficiary of &anghorne "oldings, as it does not have power over the activities that most significantly impact the economic performance of &anghorne "oldings. As a result, the Company does not consolidate the financial position or results of operations of &anghorne "oldings. The Company separately evaluated &anghorne *artners and concluded that it was not a 0IE. The Company accounts for its investments in &anghorne "oldings and &anghorne *artners under the equity method of accounting, one quarter in arrears. The Company anticipates that its absolute investment in &anghorne will increase, perhaps materially, as in- force life and annuity blocks of businesses are written. The Company expects its absolute and relative ownership in &anghorne *artners to remain stable. Other than its current and committed future equity investment in &anghorne, the Company has not provided financial or other support to &anghorne that it was not contractually required to provide. Shima Re Shima Re was acquired on March 22, 2019 in connection with the acquisition of TMR. Refer to VNote 3. Acquisition of Tokio Millennium ReW for additional information related to the acquisition of TMR. Shima Re is a Bermuda domiciled Class 3 insurer. Shima Re is registered as a segregated accounts company and provides third-party investors with access to reinsurance risk. The maximum remaining exposure of each segregated account is fully collateralized and is funded by cash or investments as prescribed by the participant thereto. Shima Re no longer writes new business and the last in-force contract written by Shima Re expired on December 31, 2019. The Company ceased providing management services to Shima Re effective December 1, 2020. Shima Re is considered a 0IE as it has voting rights that are not proportional to its participating rights. The Company evaluated its relationship with Shima Re and concluded it is not the primary beneficiary of any F-6