Financial Performance - The company reported a net loss of $638,872 thousand for Q3 2021, compared to a net income of $74,389 thousand in Q3 2020[20]. - Comprehensive loss for Q3 2021 was $637,520 thousand, contrasting with a comprehensive income of $75,372 thousand in Q3 2020[20]. - Net loss for the nine months ended September 30, 2021, was $391.716 million, compared to a net income of $801.424 million for the same period in 2020[25]. - The net loss attributable to RenaissanceRe common shareholders for the three months ended September 30, 2021, was $450.2 million, compared to a net income of $47.8 million for the same period in 2020[161]. - The net loss attributable to RenaissanceRe common shareholders was $284.3 million for the nine months ended September 30, 2021, compared to net income of $541.7 million in the same period of 2020[271]. Revenue and Premiums - Gross premiums written increased to $1,774,180 thousand in Q3 2021, up 55.4% from $1,143,058 thousand in Q3 2020[17]. - Net premiums earned rose to $1,506,265 thousand for Q3 2021, compared to $1,000,183 thousand in Q3 2020, reflecting a 50.6% increase[17]. - Total revenues for the nine months ended September 30, 2021, reached $3,883,890 thousand, a slight increase of 2.8% from $3,776,993 thousand in the same period of 2020[17]. - Gross premiums written for the nine months ended September 30, 2021, totaled $6,520,780, an increase from $4,870,651 in the same period of 2020, representing a growth of approximately 34%[166]. - Net premiums earned for the nine months ended September 30, 2021, were $3,852,891, compared to $2,923,377 for the same period in 2020, reflecting an increase of about 32%[168]. Claims and Expenses - Net claims and claim expenses incurred surged to $1,798,045 thousand in Q3 2021, up 91.1% from $942,030 thousand in Q3 2020[17]. - Total expenses for the nine months ended September 30, 2021, were $4,304,890 thousand, an increase of 45.2% from $2,962,784 thousand in the same period of 2020[17]. - The total reserve for claims and claim expenses as of September 30, 2021, was $13.23 billion, compared to $9.90 billion at December 31, 2020, representing a 33.5% increase[97]. - The net incurred claims for the current year for the nine months ended September 30, 2021, were $3.39 billion, compared to $2.08 billion in the same period of 2020, reflecting a 63.2% increase[97]. - The underwriting loss for the Property segment was $681.9 million, while the Casualty and Specialty segment reported an underwriting income of $3.1 million, leading to a total underwriting loss of $678.8 million[165]. Assets and Liabilities - Total assets increased to $33,536,332 thousand as of September 30, 2021, compared to $30,820,580 thousand at December 31, 2020, reflecting a growth of approximately 8%[16]. - The company reported a total liabilities increase to $23,328,520 thousand from $19,872,013 thousand, reflecting a growth of approximately 17%[16]. - Shareholders' equity attributable to RenaissanceRe decreased to $6,749,514 thousand from $7,560,248 thousand, a decline of about 11%[16]. - Cash and cash equivalents decreased to $1,440,734 thousand from $1,736,813 thousand, a decline of about 17%[16]. - The company’s debt remained relatively stable at $1,137,829 thousand compared to $1,136,265 thousand, showing minimal change[16]. Investment Performance - Net investment income decreased to $78,267 thousand in Q3 2021 from $83,543 thousand in Q3 2020, reflecting a decline of 6.9%[17]. - Net investment income for the nine months ended September 30, 2021, was $238,996, a decrease from $272,321 in the same period of 2020[168]. - The total investment result was income of $42.4 million for the nine months ended September 30, 2021, a decrease of $791.8 million from $834.2 million in the same period of 2020[273]. - The company reported net realized and unrealized losses on investments of $42.1 million for the three months ended September 30, 2021, compared to gains of $224.2 million for the same period in 2020[42]. - The company reported a net realized and unrealized loss of $9.598 million on derivative instruments not designated as hedges for the three months ended September 30, 2021[176]. Shareholder Returns - The company declared dividends per common share of $0.36 for Q3 2021, slightly up from $0.35 in Q3 2020[17]. - The company paid dividends of $51.714 million on common shares and $24.423 million on preference shares during the period[25]. - For the nine months ended September 30, 2021, the company paid $24.4 million in preference share dividends, an increase from $23.6 million in 2020, and $51.7 million in common share dividends, up from $50.8 million in 2020[158]. - The company repurchased 4,502,448 common shares at an aggregate cost of $704.5 million, with an average price of $156.46 per common share, leaving $421.8 million available for repurchase under the program[159]. Operational Metrics - The combined ratio for the company was 145.1%, with a net claims and claim expense ratio of 129.2% for the current accident year[165]. - The combined ratio for the nine months ended September 30, 2021, was 110.0%, compared to 97.4% for the same period in 2020, indicating a deterioration in underwriting performance[168]. - The net claims and claim expense ratio for the current accident year was 88.1% for the nine months ended September 30, 2021, compared to 71.1% for the same period in 2020, indicating increased claims costs relative to premiums[168]. - The company recognized an income tax benefit of $23.6 million in Q3 2021, up from $8.2 million in Q3 2020, reflecting underwriting losses and unrealized investment losses[266]. - The company reported a loss before taxes and redeemable noncontrolling interests of $421,000 for the nine months ended September 30, 2021, compared to income before taxes of $814,209 in the same period of 2020[168].

RenaissanceRe Holdings Ltd. (NYSE:RNR) Q3 2021 Earnings Conference Call October 26, 2021 10:00 AM ET Company Participants Keith McCue - Senior Vice President, Finance and IR Kevin O'Donnell - President and CEO Bob Qutub - Executive Vice President and CFO Conference Call Participants Elyse Greenspan - Wells Fargo Meyer Shields - KBW Brian Meredith - UBS Ryan Tunis - Autonomous Research Josh Shanker - Bank of America Jimmy Bhullar - JP Morgan Operator Good morning. My name is Thia, and I will be the conferenc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14428 RENAISSANCERE HOLDINGS LTD. (Exact Name Of Registrant As Specified In Its Charter) (State or Other Jurisdiction of Incorporation or O ...

Financial Data and Key Metrics Changes - The company reported net income of $457 million and operating income of $278 million for the quarter, resulting in an annualized return on average common equity of 27.6% and an annualized operating return of 16.8% [19][21]. - Gross premiums written increased by $392 million, or 23%, with a year-to-date growth in net premiums written of $886 million, or 36% [22]. Business Line Data and Key Metrics Changes - The property segment saw gross premiums written grow by $141 million, or 14%, with a combined ratio of 44% due to a lack of catastrophe losses [23]. - The casualty segment reported gross premiums written of $911 million, growing $251 million or 38%, with a combined ratio of 97.8% [25]. Market Data and Key Metrics Changes - The company noted that the Florida market remains highly challenged due to social inflation, with its exposure to Florida domestic companies reduced to less than 3% of gross written premiums [44]. - The company is experiencing an active hurricane season, having already faced three U.S. land-falling storms, and is closely monitoring meteorological conditions [49]. Company Strategy and Development Direction - The company aims to be the best underwriter by focusing on reinsurance and diversifying geographically and into traditional casualty lines, while avoiding an insurance strategy [10]. - The strategic decision to grow the casualty business during a challenging market phase is expected to yield benefits as pricing improves [12]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the execution of their strategy, particularly in the casualty book, and noted that they are monitoring the impact of social inflation and other trends [14]. - The company believes it is in a strong financial position with ample flexibility to pursue new opportunities while continuing share repurchases [63]. Other Important Information - The company raised $1.1 billion in equity capital since Q2 2020 and has returned over $700 million to shareholders through share repurchases and dividends [16][17]. - The company has shifted its investment portfolio towards U.S. Treasuries due to low credit spreads and is focused on maintaining liquidity [29][72]. Q&A Session Summary Question: Thoughts on buybacks during wind season - Management indicated a strong capital position allows for continued buybacks during wind season, unlike previous years [63]. Question: Deployment of raised capital - Management confirmed that all raised capital has been deployed and expressed optimism about future growth opportunities [65]. Question: Investment portfolio yield concerns - Management reassured that they are comfortable with their investment portfolio and prioritize liquidity over yield [71][72]. Question: Favorable reserve development drivers - Management noted that favorable reserve development was primarily across various years and perils, with a significant portion attributed to their DaVinci partnership [118].

RenaissanceRe RenaissanceRe Holdings Ltd. Financial Supplement June 30, 2021 | --- | --- | --- | |------------------------------|-------------------------------------------------|--------------------| | Investors: | Media: | | | RenaissanceRe Holdings Ltd. | RenaissanceRe Holdings Ltd. | Kekst and Company | | Keith McCue | Keil Gunther | Dawn Dover | | Senior Vice President, | Senior Vice President, Head of Global Marketing | T: +1 212 521 4800 | | Finance & Investor Relations | & Client Communication | | T ...

RenaissanceRe Holdings Ltd. (NYSE:RNR) Q1 2021 Earnings Conference Call April 29, 2021 11:00 AM ET Company Participants Keith McCue - Senior Vice President, Finance & Investor Relations Kevin O'Donnell - President & Chief Executive Officer Bob Qutub - Executive Vice President & Chief Financial Officer Conference Call Participants Yaron Kinar - Goldman Sachs Elyse Greenspan - Wells Fargo Josh Shanker - Bank of America Meyer Shields - KBW Ryan Tunis - Autonomous Research Phil Stefano - Deutsche Bank Jimmy Bhu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14428 RENAISSANCERE HOLDINGS LTD. (Exact Name Of Registrant As Specified In Its Charter) (State or Other Jurisdiction of Incorporation or ...

Company Overview - RenaissanceRe is a global provider of reinsurance and insurance, established in 1993, with offices in multiple countries including Bermuda, Australia, and the U.S.[17] - The company aims to produce superior returns for shareholders over the long term by focusing on superior risk selection, customer relationships, and capital management[18]. Business Segments - Approximately half of RenaissanceRe's gross written premiums annually come from its Casualty and Specialty business, which is less correlated with its Property business[23]. - The Property segment accounted for $2,999,142 in gross premiums written in 2020, which is 51.7% of total gross premiums, up from 50.6% in 2019[32]. - The Casualty and Specialty segment generated $2,807,023 in gross premiums written in 2020, representing 48.3% of total gross premiums, compared to 49.4% in 2019[32]. - Catastrophe class business in the Property segment contributed $1,886,785, or 62.9% of Property segment premiums in 2020, down from 65.6% in 2019[35]. - The U.S. and Caribbean market represented 50.5% of total gross premiums written in 2020, amounting to $2,932,519 across both segments[46]. Financial Performance - Total gross premiums written for 2020 reached $5,806,165, an increase from $4,807,750 in 2019, representing a growth of 20.7%[32]. - The company’s financial performance is primarily measured by long-term growth in tangible book value per common share plus accumulated dividends[18]. - The company’s underwriting approach aims to manage volatility and optimize risk-adjusted returns across its portfolio[41]. - The company’s financial strength allows it to offer significant capacity and limits for select risks, enhancing its competitive advantage in the market[44]. Risk Management - The company is exposed to significant losses from catastrophic events, which can lead to volatility in financial results from quarter to quarter[23]. - Enterprise Risk Management (ERM) is considered a key process and cultural value, aimed at identifying and managing risks to achieve corporate objectives[73]. - The Board of Directors oversees ERM and has direct access to senior executives responsible for risk management[74]. - The company’s ERM framework includes three lines of defense, with a dedicated risk team and an Internal Audit team providing independent assurance[75]. - Climate change is integrated into the ERM process, with measures taken to mitigate losses through underwriting and risk management models[84]. Underwriting and Risk Assessment - The company utilizes sophisticated risk selection techniques, including the Renaissance Exposure Management System (REMS©), to build a portfolio of risks[27]. - The proprietary REMS© system aids in assessing risk and return for reinsurance contracts, integrating various data sources for better decision-making[65][66]. - The underwriting process includes assessing various factors, establishing probability distributions, and managing correlations between casualty and specialty lines and property reinsurance portfolios[71]. - The company employs regulatory capital models to simulate potential outcomes and analyze the impact of individual reinsurance contracts on the overall portfolio[72]. Strategic Initiatives - The company has expanded and diversified its casualty and specialty platform through strategic initiatives, including organic growth and acquisitions[19]. - RenaissanceRe aims to leverage joint ventures and managed funds to access business and underwriting capabilities efficiently, while also generating fee income[29]. - The company continually evaluates potential joint venture and managed fund opportunities to enhance its strategic investments[30]. - The company plans to continue expanding its Casualty and Specialty segment operations through organic growth and acquisitions, contingent on favorable market conditions[40]. Investment Strategy - The company emphasizes capital preservation and liquidity in its investment portfolio, primarily consisting of highly-rated fixed income securities and significant short-term investments[93]. - The company’s investment portfolio includes private equity, catastrophe bonds, and hedge funds, which offer potential for higher returns but come with increased risk[93]. - The company’s investment strategy may be re-evaluated periodically to adjust overall asset risk, considering market-wide risks and fluctuations[93]. Regulatory Compliance - The company’s Bermuda-licensed operating insurance subsidiaries are subject to solvency and liquidity standards imposed by the Bermuda Monetary Authority[114]. - Class 4 insurers must maintain a minimum solvency margin of at least $100 million or 50% of net premiums written, whichever is greater[121]. - The BMA has established a target capital level for Class 3A, Class 3B, and Class 4 insurers equal to 120% of the respective ECR[123]. - The Economic Substance Act requires Bermuda-registered entities engaged in relevant activities to maintain a substantial economic presence in Bermuda[135]. Human Resources - As of February 1, 2021, the company employed 604 people worldwide, an increase from 566 in 2020 and 411 in 2019[102]. - The company’s DEI initiatives are led by a cross-functional council to enhance recruitment, selection, and leadership opportunities[105]. Financial Reporting - The company maintains a website where it provides free access to its Annual Reports, Quarterly Reports, and other filings with the SEC[206]. - The company’s financial statements are prepared in accordance with statutory accounting principles, which may affect the reported financial position and performance[204]. Other Income - Equity in earnings of other ventures was $17.2 million in 2020, a decrease of $6.0 million from $23.2 million in 2019, primarily due to reduced profitability in the Tower Hill Companies[502]. - Total other income in 2020 was $0.2 million, a significant decrease of $4.7 million from $4.9 million in 2019, driven by losses on assumed and ceded reinsurance contracts accounted for as derivatives and deposits[506].

RenaissanceRe Holdings Ltd. (NYSE:RNR) Q4 2020 Earnings Conference Call January 27, 2021 11:00 AM ET Company Participants Keith McCue - Senior Vice President, Investor Relations Kevin O'Donnell - President & Chief Executive Officer Bob Qutub - Executive Vice President & Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Michael Phillips - Morgan Stanley Meyer Shields - KBW Yaron Kinar - Goldman Sachs Brian Meredith - UBS Josh Shanker - Bank of America Ryan Tunis - Autonomous ...

RenaissanceRe Holdings Ltd. (NYSE:RNR) Q3 2020 Earnings Conference Call October 28, 2020 11:00 AM ET Company Participants Keith McCue - Senior Vice President, Investor Relations Kevin O'Donnell - President and Chief Executive Officer Bob Qutub - Executive Vice President and Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Josh Shanker - Bank of America Meyer Shields - KBW Yaron Kinar - Goldman Sachs Ryan Tunis - Autonomous Research Brian Meredith - UBS Phil Stefano - Deutsc ...