Financial Supplement June 2022

RenaissanceRe Holdings Ltd.

Contents

Page

Basis of Presentation

i

Financial Highlights

1

Summary Consolidated Financial Statements

a.

Consolidated Statements of Operations

3

b.

Consolidated Balance Sheets

4

Underwriting and Reserves

a.

Consolidated Segment Underwriting Results

5

b.

Consolidated and Segment Underwriting Results - Five Quarter Trend

7

c.

Property Segment - Catastrophe and Other Property Underwriting Results

10

d.

Gross Premiums Written

12

e.

Net Premiums Written

13

f.

Net Premiums Earned

14

g.

Reserves for Claims and Claim Expenses

15

h.

Paid to Incurred Analysis

16

Managed Joint Ventures and Fee Income

a. Fee Income

17

b.

Fee income - Five Quarter Trend

18

c.

Noncontrolling Interests

19

d.

DaVinciRe Holdings Ltd. and Subsidiary Consolidated Statements of Operations

21

Investments

a.

Total Investment Result

22

b.

Investments Composition

24

c.

Managed Investments - Credit Rating

25

d.

Retained Investments - Credit Rating

26

Other Items

a.

Earnings per Share

27

Comments on Regulation G

28

Three months ended

Six months ended

June 30,

June 30,

June 30,

June 30,

2022

2021

2022

2021

Net income (loss) available (attributable) to RenaissanceRe common shareholders

$

(324,913)

$

456,818

$

(719,326)

$

165,884

Operating income (loss) available (attributable) to RenaissanceRe common shareholders (1)

$

238,132

$

278,050

$

390,077

$

282,445

Underwriting income

Gross premiums written

$

2,464,639

$

2,094,158

$

5,407,603

$

4,746,600

Net premiums written

1,863,616

1,512,292

4,028,833

3,336,375

Underwriting income (loss)

316,386

328,976

516,664

293,216

Net claims and claim expense ratio:

Current accident year

51.4 %

48.0 %

54.7 %

61.7 %

Prior accident years

(2.9)%

(4.4)%

(2.1)%

(2.6)%

Calendar year

48.5 %

43.6 %

52.6 %

59.1 %

Acquisition expense ratio

24.8 %

23.9 %

25.0 %

23.6 %

Operating expense ratio

5.0 %

4.9 %

4.8 %

4.8 %

Combined ratio

78.3 %

72.4 %

82.4 %

87.5 %

Fee income

Management fee income

$

30,707

$

31,970

$

57,929

$

60,494

Performance fee income

3,548

14,187

4,676

9,652

Total fee income

$

34,255

$

46,157

$

62,605

$

70,146

Investment Results - Managed

Net investment income

$

107,211

$

80,925

$

190,902

$

160,729

Net realized and unrealized gains (losses) on investments

(654,107)

191,018

(1,327,124)

(154,545)

Total investment result

$

(546,896)

$

271,943

$

(1,136,222)

$

6,184

Total investment retu- annualized

(10.1)%

5.2 %

(10.5)%

0.1 %

Investment Results - Retained (1)

Net investment income

$

74,983

$

62,982

$

137,658

$

125,580

Net realized and unrealized gains (losses) on investments

(576,071)

187,391

(1,160,694)

(131,297)

Total investment result

$

(501,088)

$

250,373

$

(1,023,036)

$

(5,717)

Total investment retu- annualized

(13.6)%

7.4 %

(13.9)%

(0.1)%

Three months ended

Six months ended

June 30,

June 30,

June 30,

June 30,

2022

2021

2022

2021

Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share -

$

(7.53)

$

9.36

$

(16.64)

$

3.36

basic

Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share -

$

(7.53)

$

9.35

$

(16.64)

$

3.35

diluted

Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common

$

5.51

$

5.64

$

8.99

$

5.73

share - diluted (1)

Book value per common share

$

113.69

$

139.35

$

113.69

$

139.35

Tangible book value per common share (1)

$

107.79

$

133.75

$

107.79

$

133.75

Tangible book value per common share plus accumulated dividends (1)

$

132.05

$

156.55

$

132.05

$

156.55

Change in tangible book value per common share plus change in accumulated dividends (1)

(6.4)%

6.7 %

(14.0)%

1.0 %

Average shares outstanding - basic

43,170

48,163

43,264

48,871

Average shares outstanding - diluted

43,170

48,226

43,264

48,940

Retuon average common equity - annualized

(25.1)%

27.6 %

(26.6)%

4.9 %

Operating retuon average common equity - annualized (1)

18.4 %

16.8 %

14.4 %

8.4 %