Financial Supplement March 2022

Contents

Page
Basis of Presentation	i
Financial Highlights	1
Summary Consolidated Financial Statements
a. Consolidated Statements of Operations	2
b. Consolidated Balance Sheets	3
Underwriting and Reserves
a. Consolidated Segment Underwriting Results	4
b. Segment Underwriting Results	5
c. Property Segment - Catastrophe and Other Property Underwriting Results	6
d. Gross Premiums Written	7
e. Reserves for Claims and Claim Expenses	8
f. Paid to Incurred Analysis	9
Managed Joint Ventures and Fee Income
a. Fee Income	10
b. Noncontrolling Interests	11
c. DaVinciRe Holdings Ltd. and Subsidiary Consolidated Statements of Operations	12
Investments
a. Total Investment Result	13
b. Retained Investment Information	14
c. Investment Portfolio - Composition	15
d. Investment Portfolio - Fixed Maturity Investments	16
e. Investment Portfolio - Weighted Average Yield to Maturity and Credit Rating	17
Other Items
a. Earnings per Share	18
Comments on Regulation G	19

Basis of Presentation

RenaissanceRe Holdings Ltd. (the "Company" or "RenaissanceRe") is a global provider of reinsurance and insurance. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, the Company has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom and the United States.

This financial supplement includes certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. ("GAAP") including "operating income (loss) available (attributable) to RenaissanceRe common shareholders," "operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted," "operating retuon average common equity - annualized," "tangible book value per common share," "tangible book value per common share plus accumulated dividends," "retained investment result" and "retained fixed maturity and short term investments, at fair value." A reconciliation of such measures to the most comparable GAAP figures in accordance with Regulation G is presented in the attached supplemental financial data. See pages 19 through 23 for "Comments on Regulation G."

Cautionary Statement under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995; Statements made in this financial supplement contain information about the Company's future business prospects. These statements may be considered "forward-looking." These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. For further information regarding cautionary statements and factors affecting future results, please refer to RenaissanceRe Holdings Ltd.'s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q.

All information contained herein is unaudited. Unless otherwise noted, amounts are in thousands of United States Dollars, except for share and per share amounts and ratio information. Certain prior period comparatives have been reclassified to conform to the current presentation. This supplement is being provided for informational purposes only. It should be read in conjunction with documents filed by RenaissanceRe with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q. Please refer to the Company's website atwww.renre.comfor further information about RenaissanceRe.

i

Financial Highlights

Three months endedMarch 31, 2022

December 31, 2021

September 30, 2021

June 30, 2021

March 31, 2021

Highlights

$

36,196

$

80,925 191,018

$

271,943

• $ 79,804

(345,563)

$

(265,759)Net income (loss) available (attributable) to RenaissanceRe common shareholders

• $ (394,413)

$

210,917 213,692

$

(450,222)

$

456,818 278,050

$ (290,934)

Per share data

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

$

(9.10)

$

4.65 4.65 4.71 132.17 126.27 149.79

$

(9.75)

$

9.36 $ (5.87)

Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted(1)

$ $ $

3.50 121.44 115.55 139.44

$ $ $

$ $ $

(8.98)

$ $ $

5.64 $ 0.09

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

128.91 123.24 146.40

139.35 133.75 156.55

• $ 125.73

  (8.2)%

  2.8 %

  (7.6)%

  6.7 %

  (5.3)%

  Financial ratios

  Combined ratio

  Retuon average common equity - annualized

  86.5 % (28.1)% 10.8 % (10.2)%

  79.4 % 14.2 % 14.4 % 1.1 %

  145.1 % (28.4)% (26.1)%

  72.4 % 27.6 % 16.8 % 5.2 %

  103.1 % (17.1)%

  Operating retuon average common equity - annualized(1)

  Total investment retu- annualized

  (1)See "Comments on Regulation G" for a reconciliation of non-GAAP financial measures.

  0.7 %

  0.3 % (4.9)%

Summary Consolidated Financial Statements

Consolidated Statements of Operations

Three months endedMarch 31, 2022

December 31, 2021

September 30, 2021

June 30, 2021

March 31, 2021

Revenues

Gross premiums written Net premiums written

$ 2,165,217

$ 1,116,560

$ 1,486,440

$ 2,094,158 $ 1,512,292

$ 2,652,442 $ 1,824,083

Decrease (increase) in unearned premiums Net premiums earned

1,486,425

1,341,290

1,506,265

1,192,790 1,153,836

Net foreign exchange gains (losses)

(15,486)

(16,697)

(4,755)

3,234 (22,788)

Equity in earnings (losses) of other ventures Other income (loss)

Total revenues

1,193

876,416

6,431

1,393,819

1,692

1,544,703

Expenses

586 191,018 1,477,285

2,171 (345,563) 861,902

Net claims and claim expenses incurred Acquisition expenses

841,733

• 690,970 1,798,045

520,021 867,051

Operational expenses Corporate expenses Interest expense

67,907

39,673

58,997

58,203 55,311

11,955

11,872

11,919

11,833 11,912

Income (loss) before taxes Income tax benefit (expense)

(434,188)

306,892

(662,502)

591,513

(350,011)

Net income (loss)

(397,481)

288,276

(638,872)

577,651

(330,495)

Net income (loss) attributable to RenaissanceRe

• (385,569) 219,760

(440,377) 464,107 (283,645)

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

(8,844) $ (394,413)

(9,845) $ (450,222)

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

Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted(1)

Retuon average common equity - annualized

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Disclaimer

RenaissanceRe Holdings Ltd. published this content on 03 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2022 21:05:41 UTC.