RenaissanceRe (NYSE: RNR) earns $654.2M and 24% ROE in Q2 2026

Rhea-AI Filing Summary

RenaissanceRe Holdings Ltd. reported second-quarter 2026 results with $654.2 million of net income available to common shareholders, or $15.48 per diluted share, and operating income of $547.8 million, or $12.92 per diluted share. Annualized return on average common equity was 24.0%, with operating ROE of 20.1%. The consolidated combined ratio was 72.8%, compared with 75.1% a year earlier, reflecting a property segment combined ratio of 27.1% and net favorable prior-year reserve development of $199.4 million, including releases in catastrophe business partly offset by adverse development in Casualty and Specialty related to the Baltimore Bridge Collapse and purchase accounting.

Net investment income rose 4.7% year over year to $432.5 million, while net realized and unrealized investment gains were $121.6 million, below the prior-year quarter. Gross premiums written were $3.0 billion, down from $3.4 billion, as catastrophe and casualty writings decreased due to exposure reductions, rate pressure in cyber, and fewer opportunistic credit deals. Fee income was $83.0 million, compared with $95.0 million a year earlier.

Book value per common share reached $264.77 at June 30, 2026, a 5.7% increase in the quarter and 24.8% growth since June 30, 2025. Tangible book value per share was $247.66, and tangible book value plus accumulated dividends was $278.16. The company repurchased 1.2 million common shares for $350.0 million in the quarter at an average price of $300.82, and a further $82.9 million of shares from July 1 through July 20, 2026.

Positive

• Book value per common share rose 24.8% since June 30, 2025 to $264.77.
• Second-quarter annualized return on common equity was 24.0% with a 72.8% combined ratio.

Negative

• Net income available to common shareholders fell to $654.2M from $826.5M in Q2 2025.
• Net realized and unrealized investment gains declined to $121.6M from $349.7M year over year.

Filing Explained

The July 22 Form 8-K furnishes Q2 results; at June 30, cash was $1,302,160 thousand and 41,811,353 common shares were outstanding.

Form 8-K reports specified material events within four business days; this filing is Item 2.02, which furnishes the results release and supplement rather than filing them, and says they are not incorporated by reference.

The structural change visible for common holders is the lower reported share count: at June 30, 2026, RenaissanceRe reported 41,811,353 common shares issued and outstanding, compared with 43,961,539 at December 31, 2025.

The same balance sheet reports cash and cash equivalents of $1,302,160 thousand at June 30, 2026, versus $1,731,181 thousand at December 31, 2025.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income available to common shareholders: $654.2 million Operating income available to common shareholders: $547.8 million Diluted EPS: $15.48 +5 more

8 metrics

Net income available to common shareholders $654.2 million Three months ended June 30, 2026

Operating income available to common shareholders $547.8 million Three months ended June 30, 2026

Diluted EPS $15.48 Net income per diluted common share in Q2 2026

Combined ratio 72.8% Consolidated combined ratio for Q2 2026

Net investment income $432.5 million Q2 2026 net investment income, up 4.7% from Q2 2025

Book value per common share $264.77 Book value per common share at June 30, 2026

Tangible book value plus dividends $278.16 Tangible book value per common share plus accumulated dividends at June 30, 2026

Share repurchases $350.0 million Q2 2026 repurchase of 1.2 million common shares at $300.82 average price

Key Terms

combined ratio, tangible book value per common share, redeemable noncontrolling interests, value of business acquired (VOBA), +1 more

5 terms

combined ratio financial

"72.8% combined ratio driven by strong current year results"

The combined ratio is a way insurance companies measure how well they are doing by adding up all their costs and claims and comparing them to the money they earn from premiums. If the ratio is below 100%, it means the company is making a profit; if it's above 100%, they are losing money. It helps see if an insurance company is financially healthy or not.

tangible book value per common share financial

"Tangible book value per common share (1) | $ | 247.66"

A per-share measure of the company’s tangible net asset value available to common shareholders after removing intangible items (like goodwill, brand value, and patents) and any preferred shareholder claims. Think of it as the amount each common share would get if the company sold only its physical and financial assets and settled priority claims. Investors use it as a conservative baseline to judge whether a stock is cheaply priced relative to the company’s hard-asset backing.

redeemable noncontrolling interests financial

"Net (income) loss attributable to redeemable noncontrolling interests | (315,260)"

A redeemable noncontrolling interest is a minority ownership stake in a company that the holder can force the company to buy back at a set price or under certain conditions. For investors this matters because it creates a future cash obligation and can be treated more like a liability than permanent equity, affecting a company’s reported debt, net income and valuation — think of it as a part-owner who can cash out, forcing the business to pay them.

value of business acquired (VOBA) financial

"value of business acquired (VOBA) and acquisition costs"

acquisition related purchase accounting adjustments financial

"acquisition related purchase accounting adjustments (1)"

Earnings Snapshot

Net income available to common shareholders: $654.2 million

three months ended June 30, 2026

Net income available to common shareholders $654.2 million vs $826.5 million in Q2 2025

Operating income available to common shareholders $547.8 million vs $594.6 million in Q2 2025

Diluted EPS $15.48 vs $17.20 a year earlier

Operating diluted EPS $12.92 vs $12.29 a year earlier

Combined ratio 72.8% vs 75.1% in Q2 2025

Annualized ROE 24.0% vs 33.7% in Q2 2025

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/22/2026 - 04:32 PM Accepted by SEC EDGAR 07/22/2026 - 04:32 PM Learn about SEC filing dates

FAQ

What were RenaissanceRe (RNR) net income and EPS for Q2 2026?

RenaissanceRe reported $654.2 million of net income available to common shareholders, equal to $15.48 per diluted share in Q2 2026. A year earlier, net income was $826.5 million, or $17.20 per diluted share.

How profitable was RenaissanceRe (RNR) underwriting in Q2 2026?

Underwriting delivered income of $599.1 million and a consolidated 72.8% combined ratio in Q2 2026. The Property segment was particularly strong with a 27.1% combined ratio and $199.4 million of net favorable prior-year reserve development.

How did RenaissanceRe (RNR) investment results look in Q2 2026?

Net investment income was $432.5 million, up 4.7% from $413.1 million in Q2 2025. Total investment result was $571.9 million, including $121.6 million of net realized and unrealized gains on investments, lower than the prior-year quarter.

What happened to RenaissanceRe (RNR) premiums and fee income in Q2 2026?

Gross premiums written were $2.99 billion, down from $3.42 billion in Q2 2025, mainly from lower catastrophe and casualty writings. Total fee income was $83.0 million, compared with $95.0 million a year earlier, reflecting lower management and performance fees.

How did RenaissanceRe (RNR) book value per share change by June 30, 2026?

Book value per common share reached $264.77 at June 30, 2026, up 5.7% in the quarter and 24.8% since June 30, 2025. Tangible book value per share was $247.66, and tangible book plus accumulated dividends was $278.16.

Did RenaissanceRe (RNR) repurchase shares in Q2 2026?

Yes. RenaissanceRe repurchased 1.2 million common shares in Q2 2026 for an aggregate $350.0 million, at an average price of $300.82 per share. It then repurchased an additional $82.9 million of shares between July 1 and July 20, 2026.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2026

 RenaissanceRe Holdings Ltd.

(Exact name of registrant as specified in its charter)

Bermuda

001-14428

98-0141974

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

Renaissance House, 12 Crow Lane, Pembroke, Bermuda         HM 19

(Address of Principal Executive Office)         (Zip Code)

(441) 295-4513

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report).

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading symbol			Name of each exchange on which registered
Common Shares, Par Value $1.00 per share			RNR			New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a Series F 5.750% Preference Share, Par Value $1.00 per share			RNR PRF			New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a Series G 4.20% Preference Share, Par Value $1.00 per share			RNR PRG			New York Stock Exchange

Item 2.02    Results of Operations and Financial Condition.

On July 22, 2026, RenaissanceRe Holdings Ltd. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026 and the availability of its corresponding financial supplement. Copies of the press release and the financial supplement are attached as Exhibit 99.1 and 99.2, respectively, to this Form 8-K. This Form 8-K and Exhibits 99.1 and 99.2 hereto are each being furnished to the Securities and Exchange Commission (the “SEC”) pursuant to Item 2.02 of Form 8-K and are therefore not to be considered “filed” with the SEC.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit #    Description

99.1*    Copy of the Company’s press release, issued July 22, 2026.

99.2*    Copy of the Company’s Financial Supplement.

104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Exhibits 99.1 and 99.2 are being furnished to the SEC pursuant to Item 2.02 and are not being filed with the SEC. Therefore, these exhibits are not incorporated by reference in any of the registrant’s other SEC filings.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RENAISSANCERE HOLDINGS LTD.

Date:

By:

/s/ Robert Qutub

July 22, 2026

Robert Qutub

Executive Vice President and Chief Financial Officer

RenaissanceRe Reports $654.2 Million of Net Income Available to Common Shareholders and $547.8 Million of Operating Income Available to Common Shareholders in Q2 2026. Strong Performance Across All Three Drivers of Profit – Underwriting, Fee and Net Investment Income.

•Annualized return on average common equity of 24.0% and annualized operating return on average common equity of 20.1%.

•72.8% combined ratio driven by strong current year results, low catastrophe losses and favorable prior year development.

•Favorable prior year development of $199.4 million, with $257.5 million of favorable development in Property, partially offset by $58.0 million of adverse development in Casualty and Specialty, which included $54.0 million related to a shift of previously reported loss estimates for the Baltimore Bridge Collapse from Property and $5.5 million from purchase accounting adjustments.

•Fee income of $83.0 million, with strong contributions from management and performance fees.

•Net investment income of $432.5 million, up 4.7% from Q2 2025.

•Repurchased $350.0 million of common shares in Q2 2026.

•5.7% quarterly growth in book value per common share or 24.8% growth since June 30, 2025.

Pembroke, Bermuda, July 22, 2026 - RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the “Company”) today announced its financial results for the second quarter of 2026.

Net Income Available to Common Shareholders per Diluted Common Share: $15.48 Operating Income Available to Common Shareholders per Diluted Common Share: $12.92
Underwriting Income $599.1M			Fee Income $83.0M			Net Investment Income $432.5M
Change in Book Value per Common Share: 5.7% Change in Tangible Book Value per Common Share Plus Change in Accum. Dividends: 6.2%

Operating Return on Average Common Equity, Operating Income (Loss) Available (Attributable) to Common Shareholders, Operating Income (Loss) Available (Attributable) to Common Shareholders per Diluted Common Share, Change in Tangible Book Value per Common Share Plus Change in Accumulated Dividends and Adjusted Combined Ratio are non-GAAP financial measures; see “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

Kevin J. O’Donnell, President and Chief Executive Officer, said, “We delivered strong results in the second quarter, growing book value per common share by 5.7% to $264.77, with annualized return on average common equity of 24.0% and annualized operating return on average common equity of 20.1%. Each of our Three Drivers of Profit – Underwriting, Fee and Net Investment Income – contributed meaningfully to this outcome, with a diversified income base that supports enhanced earnings stability.

Underwriting performance anchored our results, producing a 72.8% combined ratio. At the mid-year renewals, our leadership position allowed us to retain attractive lines, grow limit with high-quality clients and maintain private terms. We continue to make disciplined portfolio decisions, including buying additional retrocessional protection across both Property and Casualty and Specialty.

We repurchased $350 million of our shares during the quarter. Since we began repurchasing our shares two years ago, we have in aggregate repurchased 11.5 million shares for approximately $3 billion, or about 22% of our starting share count. We remain in a strong capital position and through July 20, 2026, we have repurchased an additional $82.9 million of our shares.

This combination of disciplined execution, diversified earnings streams and consistent capital management positions us to continue compounding tangible book value per common share.”

1

Consolidated Financial Results

			Consolidated Highlights
						Three months ended June 30,
			(in thousands, except per share amounts and percentages)			2026						2025
			Gross premiums written			$	2,994,424					$	3,421,180
			Net premiums written			2,276,960						2,770,270
			Net premiums earned			2,199,521						2,412,154
			Underwriting income (loss)			599,117						601,688
			Combined ratio			72.8		%				75.1		%
			Adjusted combined ratio (1)			71.7		%				73.0		%
			Net Income (Loss)
			Available (attributable) to common shareholders			654,234						826,507
			Available (attributable) to common shareholders per diluted common share			$	15.48					$	17.20
			Return on average common equity - annualized			24.0		%				33.7		%
			Operating Income (Loss) (1)
			Available (attributable) to common shareholders (1)			547,761						594,583
			Available (attributable) to common shareholders per diluted common share (1)			$	12.92					$	12.29
			Operating return on average common equity - annualized (1)			20.1		%				24.2		%
						June 30, 2026						June 30, 2025
			Book Value per Common Share
			Book value per common share			$	264.77					$	212.15
			Quarterly change in book value per common share (2)			5.7		%				8.1		%
			Quarterly change in book value per common share plus change in accumulated dividends (2)			5.9		%				8.3		%
			Tangible Book Value per Common Share (1)
			Tangible book value per common share (1)			$	247.66					$	194.86
			Tangible book value per common share plus accumulated dividends (1)			$	278.16					$	223.74
			Quarterly change in tangible book value per common share plus change in accumulated dividends (1) (2)			6.2		%				9.5		%

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

(2)Represents the percentage change during the three months ended June 30, 2026, and June 30, 2025, respectively.

2

Three Drivers of Profit: Underwriting, Fee and Investment Income

Underwriting Results - Property Segment: Strong combined ratio of 27.1%

			Property Segment
						Three months ended June 30,												Q/Q Change
			(in thousands, except percentages)			2026						2025
			Gross premiums written			$	1,551,685					$	1,731,935					(10.4)%
			Net premiums written			1,203,424						1,325,557						(9.2)%
			Net premiums earned			881,611						868,010						1.6%
			Underwriting income (loss)			642,675						630,171
			Underwriting Ratios
			Net claims and claim expense ratio - current accident year			28.4		%				29.8		%				(1.4)		pts
			Net claims and claim expense ratio - prior accident years			(29.2)		%				(30.7)		%				1.5		pts
			Net claims and claim expense ratio - calendar year			(0.8)		%				(0.9)		%				0.1		pts
			Underwriting expense ratio			27.9		%				28.3		%				(0.4)		pts
			Combined ratio			27.1		%				27.4		%				(0.3)		pts
			Adjusted combined ratio (1)			26.0		%				25.8		%				0.2		pts

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

•Gross premiums written decreased by $180.3 million, or 10.4%, driven by:

–a decrease of $187.7 million, or 13.9%, in the catastrophe class, not including reinstatement premiums, with rate reductions being partially offset by growth opportunities; partly offset by

–an increase of $35.0 million in the other property class, as premiums in Q2 2025 were impacted by downwards premium adjustments, in part due to rate decreases in the excess and surplus business.

•Net claims and claim expense ratio - current accident year held relatively flat year over year due to the low level of catastrophe losses in both the current and comparative quarter.

•Net claims and claim expense ratio - prior accident years reflected net favorable development of 29.2%, driven by:

–net favorable development of $132.7 million in the catastrophe class, primarily from the large loss events in 2021, 2022, 2024 and 2025; and

–net favorable development of $124.7 million in the other property class, primarily due to favorable attritional loss experience.

•Underwriting expense ratio remained relatively flat quarter over quarter, as expense growth was largely offset by the Bermuda tax credits.

•Combined ratio and adjusted combined ratio benefited from the low current accident year net losses and prior accident years net favorable development.

3

Underwriting Results - Casualty and Specialty Segment: Lower impact from current accident year large losses compared to Q2 2025

			Casualty and Specialty Segment
						Three months ended June 30,												Q/Q Change
			(in thousands, except percentages)			2026						2025
			Gross premiums written			$	1,442,739					$	1,689,245					(14.6)%
			Net premiums written			1,073,536						1,444,713						(25.7)%
			Net premiums earned			1,317,910						1,544,144						(14.7)%
			Underwriting income (loss)			(43,558)						(28,483)
			Underwriting Ratios
			Net claims and claim expense ratio - current accident year			67.6		%				68.2		%				(0.6)		pts
			Net claims and claim expense ratio - prior accident years			4.4		%				(0.2)		%				4.6		pts
			Net claims and claim expense ratio - calendar year			72.0		%				68.0		%				4.0		pts
			Underwriting expense ratio			31.3		%				33.8		%				(2.5)		pts
			Combined ratio			103.3		%				101.8		%				1.5		pts
			Adjusted combined ratio (1)			102.3		%				99.5		%				2.8		pts

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

•Gross premiums written decreased by $246.5 million, or 14.6%, principally due to:

–exposure reductions across the general casualty, professional liability and other specialty classes;

–changes in premium estimates on business underwritten in prior years in the other specialty class, largely from rate pressure in cyber; and

–a decrease in the credit class driven by opportunistic deals written during Q2 2025 that were not up for renewal.

•Net premiums written decreased by $371.2 million, or 25.7%, consistent with the drivers for gross premiums written discussed above, in addition to an increase in the Company’s retrocessional purchases.

•Net claims and claim expense ratio - current accident year improved by 0.6 percentage points compared to Q2 2025, principally driven by the lower impact of large loss events within the other specialty class.

•Net claims and claim expense ratio - prior accident years reflected net adverse development of 4.4%, including $54.0 million, or 4.1 percentage points, from a shift of previously reported loss estimates for the Baltimore Bridge Collapse to Casualty and Specialty from the other property class, and $5.5 million, or 0.4 percentage points, related to purchase accounting adjustments.

•Underwriting expense ratio improved by 2.5 percentage points, driven by:

–a 1.7 percentage point improvement in the operating expense ratio, primarily due to the Bermuda tax credits and an increase in override management fees; and

–a 0.8 percentage point improvement in the acquisition expense ratio, primarily due to a decrease in purchase accounting adjustments.

•Combined ratio and adjusted combined ratio each included adverse development related to the Baltimore Bridge Collapse, which was partially offset by the lower underwriting expense ratio.

4

Fee Income: $83.0 million of fee income, with strong contributions from both management and performance fees

			Fee Income
						Three months ended June 30,												Q/Q Change
			(in thousands)			2026						2025
			Management fee income			$	48,138					$	56,407					$	(8,269)
			Performance fee income (loss) (1)			34,889						38,550						(3,661)
			Total fee income			$	83,027					$	94,957					$	(11,930)

(1)Performance fees are based on the performance of the individual vehicles or products and may be zero or negative in a particular period. For example, large losses could potentially result in no performance fees or the reversal of previously accrued performance fees.

•Management fee income decreased as a result of lower management fees in DaVinci, primarily due to a recapture of previously deferred management fees in Q2 2025 which did not repeat in Q2 2026, combined with lower management fees in DaVinci and Fontana due to lower net premiums earned.

•Performance fee income decreased primarily driven by lower prior accident years net favorable development within Upsilon.

•Total fee income in Q2 2026 included $59.4 million of fee income recorded in net income (loss) attributable to redeemable noncontrolling interests, which is not included in the Company’s underwriting income (loss).

Investment Results: Net investment income of $432.5 million, up 4.7% from Q2 2025, and net realized and unrealized gains of $121.6 million

			Investment Results
						Three months ended June 30,												Q/Q Change
			(in thousands, except percentages)			2026						2025
			Net investment income			$	432,489					$	413,108					$	19,381
			Equity in earnings (losses) of other ventures			17,829						20,333						(2,504)
			Net realized and unrealized gains (losses) on investments			121,628						349,720						(228,092)
			Total investment result			$	571,946					$	783,161					$	(211,215)
			Net investment income return - annualized			5.0		%				5.0		%				—		pts
			Total investment return - annualized			6.6		%				9.6		%				(3.0)		pts

•Net investment income increased by $19.4 million, primarily due to higher average invested assets and portfolio reallocation, resulting in increased income from fixed income exchange traded funds.

•Net realized and unrealized gains on investments in Q2 2026 were driven by:

–$217.3 million of net gains on equity-related investments, primarily from equity futures being favorably impacted by equity market movements in the quarter;

–$99.9 million of net gains on fund and direct private equity investments, as a result of favorable equity market movements; partially offset by

–$115.3 million of net losses on fixed maturity-related investments, primarily due to increases in market yields in the quarter; and

–$79.1 million of net losses on commodity-related investments, principally due to decreases in prices for gold futures.

•Total investments were $36.2 billion at June 30, 2026 (December 31, 2025 - $36.1 billion). The weighted average yield to maturity and duration on the Company’s investment portfolio (excluding investments that have no final maturity, yield to maturity or duration) was 5.3% and 3.0 years, respectively (December 31, 2025 - 4.8% and 2.6 years, respectively).

5

Other Items of Note

•Net income attributable to redeemable noncontrolling interests of $315.3 million was primarily driven by:

–strong underwriting income in DaVinci and Vermeer;

–$118.1 million of net investment income in the investment portfolios of the Company’s joint ventures and managed funds; partially offset by

–$31.9 million of net realized and unrealized losses in the investment portfolios of the Company’s joint ventures and managed funds; and

–$59.4 million of management and performance fee income.

•Income tax expense of $139.4 million in Q2 2026, compared to an expense of $176.9 million in Q2 2025. The income tax expense was primarily driven by strong operating profits.

•Operational and corporate expenses decreased in Q2 2026, primarily driven by Bermuda tax credits and partially offset by an increase in compensation expenses.

•Share repurchases of 1.2 million common shares at an aggregate cost of $350.0 million and an average price of $300.82 per common share. Repurchased an additional $82.9 million from July 1, 2026, through July 20, 2026.

6

Conference Call Details and Additional Information

Non-GAAP Financial Measures and Additional Financial Information

This Press Release 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 return on average common equity - annualized,” “tangible book value per common share,” “tangible book value per common share plus accumulated dividends,” and “adjusted combined ratio.” A reconciliation of such measures to the most comparable GAAP figures in accordance with Regulation G is presented in the attached supplemental financial data.

Please refer to the “Investors - Reports & Filings” section of the Company’s website at www.renre.com for a copy of the Financial Supplement which includes additional information on the Company’s financial performance.

Conference Call Information

RenaissanceRe will host a conference call on Thursday, July 23, 2026, at 10:00 a.m. ET to discuss this release. A live webcast of the conference call will be available through the Investors section of RenaissanceRe’s website at investor.renre.com. A replay will be available after the call at the same location.

About RenaissanceRe

RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching desirable risk with efficient capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, and headquartered in Bermuda, RenaissanceRe has offices across North America, Europe, and the Asia-Pacific region.

Cautionary Statement Regarding Forward-Looking Statements

Any forward-looking statements made in this Press Release reflect RenaissanceRe’s current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company may also make forward-looking statements with respect to its business and industry, such as those relating to its strategy and management objectives, plans and expectations regarding its response and ability to adapt to changing economic conditions, market standing and product volumes, estimates of net negative impact and insured losses from loss events, competition in the industry and government initiatives and regulatory matters affecting the (re)insurance industries. The inclusion of forward-looking statements in this report should not be considered as a representation by the Company that its current objectives or plans will be achieved. Numerous factors could cause the Company’s actual results to differ materially from those addressed by the forward-looking statements, including the following: the Company’s exposure to natural and non-natural catastrophic events and circumstances and the variance they may cause in the Company’s financial results; the effect of climate change on the Company’s business, including the trend towards increasingly frequent and severe climate events; the effectiveness of the Company’s claims and claim expense reserving process; the effect of emerging claims and coverage issues; the performance of the Company’s investment portfolio and financial market volatility; the effects of inflation; the Company’s exposure to ceding companies and delegated authority counterparties and the risks they underwrite; the Company’s ability to maintain its financial strength ratings; the Company’s reliance on a small number of brokers; the highly competitive nature of the Company’s industry; the historically cyclical nature of the (re)insurance industries; collection on claimed retrocessional coverage and new retrocessional reinsurance being available; the Company’s ability to attract and retain key executives and employees; the Company’s ability to successfully implement its business strategies and initiatives; the Company’s

7

exposure to credit loss from counterparties; the Company’s need to make many estimates and judgments in the preparation of its financial statements; the Company’s exposure to risks associated with its management of capital on behalf of investors; changes to the accounting rules and regulatory systems applicable to the Company’s business, including changes in Bermuda and U.S. laws or regulations; the effect of current or future macroeconomic or geopolitical events or trends, including the ongoing conflicts globally; other political, regulatory or industry initiatives adversely impacting the Company; the impact of cybersecurity risks, including technology breaches or failure; the Company’s ability to comply with covenants in its debt agreements; the effect of adverse economic factors, including changes in the prevailing interest rates; the effects of new or possible future tax actions or reform legislation and regulations in the jurisdictions in which the Company operates; the Company’s ability to determine any impairments taken on its investments; the Company’s ability to raise capital on acceptable terms; the Company’s ability to comply with applicable sanctions and foreign corrupt practices laws; the Company’s dependence on capital distributions from its operating subsidiaries; and other factors affecting future results disclosed in RenaissanceRe’s filings with the SEC, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

INVESTOR CONTACT: RenaissanceRe Holdings Ltd. Keith McCue Senior Vice President, Finance & Investor Relations (441) 239-4830 MEDIA CONTACT: RenaissanceRe Holdings Ltd. Hayden Kenny Senior Vice President, Investor Relations & Communications (441) 239-4946 or Kekst CNC Nicholas Capuano (917) 842-7859

8

RenaissanceRe Holdings Ltd.
Summary Consolidated Statements of Operations and Financial Data
(in thousands of United States Dollars, except per share amounts and percentages)
(Unaudited)
			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Revenues
Gross premiums written			$	2,994,424					$	3,421,180					$	6,473,297					$	7,576,683
Net premiums written			$	2,276,960					$	2,770,270					$	4,955,256					$	6,213,799
Decrease (increase) in unearned premiums			(77,439)						(358,116)						(572,121)						(1,080,864)
Net premiums earned			2,199,521						2,412,154						4,383,135						5,132,935
Net investment income			432,489						413,108						852,991						818,461
Net foreign exchange gains (losses)			(7,345)						8,660						(16,364)						1,332
Equity in earnings (losses) of other ventures			17,829						20,333						38,314						38,161
Other income (loss)			4,479						2,624						5,726						3,538
Net realized and unrealized gains (losses) on investments			121,628						349,720						(300,285)						682,660
Total revenues			2,768,601						3,206,599						4,963,517						6,677,087
Expenses
Net claims and claim expenses incurred			942,378						1,042,123						1,926,349						3,785,881
Acquisition expenses			563,279						642,605						1,085,129						1,290,040
Operational expenses			94,747						125,738						183,782						225,923
Corporate expenses			18,681						23,781						38,141						46,591
Interest expense			31,778						31,793						63,564						58,879
Total expenses			1,650,863						1,866,040						3,296,965						5,407,314
Income (loss) before taxes			1,117,738						1,340,559						1,666,552						1,269,773
Income tax benefit (expense)			(139,400)						(176,869)						(172,384)						(131,344)
Net income (loss)			978,338						1,163,690						1,494,168						1,138,429
Net (income) loss attributable to redeemable noncontrolling interests			(315,260)						(328,339)						(537,711)						(133,087)
Net income (loss) attributable to RenaissanceRe			663,078						835,351						956,457						1,005,342
Dividends on preference shares			(8,844)						(8,844)						(17,688)						(17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders			$	654,234					$	826,507					$	938,769					$	987,654
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic			$	15.54					$	17.25					$	22.03					$	20.37
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted			$	15.48					$	17.20					$	21.94					$	20.30
Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted (1)			$	12.92					$	12.29					$	26.68					$	10.64
Average shares outstanding - basic			41,379						47,140						41,906						47,737
Average shares outstanding - diluted			41,545						47,286						42,086						47,900
Net claims and claim expense ratio			42.8		%				43.2		%				43.9		%				73.8		%
Underwriting expense ratio			30.0		%				31.9		%				29.0		%				29.5		%
Combined ratio			72.8		%				75.1		%				72.9		%				103.3		%
Return on average common equity - annualized			24.0		%				33.7		%				17.2		%				20.1		%
Operating return on average common equity - annualized (1)			20.1		%				24.2		%				20.9		%				10.7		%

(1)See Comments on Non-GAAP Financial Measures for a reconciliation of non-GAAP financial measures.

9

RenaissanceRe Holdings Ltd.
Summary Consolidated Balance Sheets
(in thousands of United States Dollars, except per share amounts)
			June 30, 2026						December 31, 2025
Assets			(Unaudited)						(Audited)
Fixed maturity investments trading, at fair value			$	25,185,430					$	24,884,323
Short-term investments, at fair value			3,949,012						4,759,811
Equity investments, at fair value			1,846,152						1,732,990
Other investments, at fair value			5,083,169						4,574,214
Investments in other ventures, under equity method			149,337						121,871
Total investments			36,213,100						36,073,209
Cash and cash equivalents			1,302,160						1,731,181
Premiums receivable			8,269,415						7,252,454
Prepaid reinsurance premiums			1,567,745						993,781
Reinsurance recoverable			3,863,486						3,899,913
Accrued investment income			250,610						233,688
Deferred acquisition costs and value of business acquired			1,706,129						1,538,540
Deferred tax asset			693,186						701,927
Receivable for investments sold			305,237						414,523
Other assets			422,106						328,087
Goodwill and other intangible assets			602,439						633,087
Total assets			$	55,195,613					$	53,800,390
Liabilities, Noncontrolling Interests and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses			$	22,269,134					$	22,302,345
Unearned premiums			7,176,037						6,028,174
Debt			2,330,907						2,329,201
Reinsurance balances payable			3,056,013						2,540,518
Payable for investments purchased			550,409						533,101
Other liabilities			649,551						856,302
Total liabilities			36,032,051						34,589,641
Redeemable noncontrolling interests			7,343,353						7,602,092
Shareholders’ Equity
Preference shares			750,000						750,000
Common shares			41,811						43,962
Additional paid-in capital			—						—
Accumulated other comprehensive income (loss)			(13,045)						(12,626)
Retained earnings			11,041,443						10,827,321
Total shareholders’ equity attributable to RenaissanceRe			11,820,209						11,608,657
Total liabilities, noncontrolling interests and shareholders’ equity			$	55,195,613					$	53,800,390
Book value per common share			$	264.77					$	247.00

10

RenaissanceRe Holdings Ltd.
Supplemental Financial Data - Segment Information
(in thousands of United States Dollars, except percentages)
(Unaudited)
			Three months ended June 30, 2026
			Property						Casualty and Specialty						Other						Total
Gross premiums written			$	1,551,685					$	1,442,739					$	—					$	2,994,424
Net premiums written			$	1,203,424					$	1,073,536					$	—					$	2,276,960
Net premiums earned			$	881,611					$	1,317,910					$	—					$	2,199,521
Net claims and claim expenses incurred			(7,079)						949,457						—						942,378
Acquisition expenses			175,436						387,843						—						563,279
Operational expenses			70,579						24,168						—						94,747
Underwriting income (loss)			$	642,675					$	(43,558)					$	—					599,117
Net investment income															432,489						432,489
Net foreign exchange gains (losses)															(7,345)						(7,345)
Equity in earnings (losses) of other ventures															17,829						17,829
Other income (loss)															4,479						4,479
Net realized and unrealized gains (losses) on investments															121,628						121,628
Corporate expenses															(18,681)						(18,681)
Interest expense															(31,778)						(31,778)
Income (loss) before taxes																					1,117,738
Income tax benefit (expense)															(139,400)						(139,400)
Net (income) loss attributable to redeemable noncontrolling interests															(315,260)						(315,260)
Dividends on preference shares															(8,844)						(8,844)
Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	654,234
Net claims and claim expenses incurred – current accident year			$	250,393					$	891,410					$	—					$	1,141,803
Net claims and claim expenses incurred – prior accident years			(257,472)						58,047						—						(199,425)
Net claims and claim expenses incurred – total			$	(7,079)					$	949,457					$	—					$	942,378
Net claims and claim expense ratio – current accident year			28.4		%				67.6		%										51.9		%
Net claims and claim expense ratio – prior accident years			(29.2)		%				4.4		%										(9.1)		%
Net claims and claim expense ratio – calendar year			(0.8)		%				72.0		%										42.8		%
Underwriting expense ratio			27.9		%				31.3		%										30.0		%
Combined ratio			27.1		%				103.3		%										72.8		%
			Three months ended June 30, 2025
			Property						Casualty and Specialty						Other						Total
Gross premiums written			$	1,731,935					$	1,689,245					$	—					$	3,421,180
Net premiums written			$	1,325,557					$	1,444,713					$	—					$	2,770,270
Net premiums earned			$	868,010					$	1,544,144					$	—					$	2,412,154
Net claims and claim expenses incurred			(7,930)						1,050,053						—						1,042,123
Acquisition expenses			174,200						468,405						—						642,605
Operational expenses			71,569						54,169						—						125,738
Underwriting income (loss)			$	630,171					$	(28,483)					$	—					601,688
Net investment income															413,108						413,108
Net foreign exchange gains (losses)															8,660						8,660
Equity in earnings (losses) of other ventures															20,333						20,333
Other income (loss)															2,624						2,624
Net realized and unrealized gains (losses) on investments															349,720						349,720
Corporate expenses															(23,781)						(23,781)
Interest expense															(31,793)						(31,793)
Income (loss) before taxes																					1,340,559
Income tax benefit (expense)															(176,869)						(176,869)
Net (income) loss attributable to redeemable noncontrolling interests															(328,339)						(328,339)
Dividends on preference shares															(8,844)						(8,844)
Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	826,507
Net claims and claim expenses incurred – current accident year			$	258,646					$	1,053,187					$	—					$	1,311,833
Net claims and claim expenses incurred – prior accident years			(266,576)						(3,134)						—						(269,710)
Net claims and claim expenses incurred – total			$	(7,930)					$	1,050,053					$	—					$	1,042,123
Net claims and claim expense ratio – current accident year			29.8		%				68.2		%										54.4		%
Net claims and claim expense ratio – prior accident years			(30.7)		%				(0.2)		%										(11.2)		%
Net claims and claim expense ratio – calendar year			(0.9)		%				68.0		%										43.2		%
Underwriting expense ratio			28.3		%				33.8		%										31.9		%
Combined ratio			27.4		%				101.8		%										75.1		%

11

RenaissanceRe Holdings Ltd.
Supplemental Financial Data - Segment Information
(in thousands of United States Dollars, except percentages)
(Unaudited)
			Six months ended June 30, 2026
			Property						Casualty and Specialty						Other						Total
Gross premiums written			$	3,259,105					$	3,214,192					$	—					$	6,473,297
Net premiums written			$	2,458,617					$	2,496,639					$	—					$	4,955,256
Net premiums earned			$	1,782,349					$	2,600,786					$	—					$	4,383,135
Net claims and claim expenses incurred			77,029						1,849,320						—						1,926,349
Acquisition expenses			332,467						752,662						—						1,085,129
Operational expenses			136,315						47,467						—						183,782
Underwriting income (loss)			$	1,236,538					$	(48,663)					$	—					1,187,875
Net investment income															852,991						852,991
Net foreign exchange gains (losses)															(16,364)						(16,364)
Equity in earnings (losses) of other ventures															38,314						38,314
Other income (loss)															5,726						5,726
Net realized and unrealized gains (losses) on investments															(300,285)						(300,285)
Corporate expenses															(38,141)						(38,141)
Interest expense															(63,564)						(63,564)
Income (loss) before taxes																					1,666,552
Income tax benefit (expense)															(172,384)						(172,384)
Net (income) loss attributable to redeemable noncontrolling interests															(537,711)						(537,711)
Dividends on preference shares															(17,688)						(17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	938,769
Net claims and claim expenses incurred – current accident year			$	495,242					$	1,792,547					$	—					$	2,287,789
Net claims and claim expenses incurred – prior accident years			(418,213)						56,773						—						(361,440)
Net claims and claim expenses incurred – total			$	77,029					$	1,849,320					$	—					$	1,926,349
Net claims and claim expense ratio – current accident year			27.8		%				68.9		%										52.2		%
Net claims and claim expense ratio – prior accident years			(23.5)		%				2.2		%										(8.3)		%
Net claims and claim expense ratio – calendar year			4.3		%				71.1		%										43.9		%
Underwriting expense ratio			26.3		%				30.8		%										29.0		%
Combined ratio			30.6		%				101.9		%										72.9		%
			Six months ended June 30, 2025
			Property						Casualty and Specialty						Other						Total
Gross premiums written			$	3,862,768					$	3,713,915					$	—					$	7,576,683
Net premiums written			$	3,016,551					$	3,197,248					$	—					$	6,213,799
Net premiums earned			$	2,115,960					$	3,016,975					$	—					$	5,132,935
Net claims and claim expenses incurred			1,615,327						2,170,554						—						3,785,881
Acquisition expenses			341,845						948,195						—						1,290,040
Operational expenses			135,835						90,088						—						225,923
Underwriting income (loss)			$	22,953					$	(191,862)					$	—					(168,909)
Net investment income															818,461						818,461
Net foreign exchange gains (losses)															1,332						1,332
Equity in earnings (losses) of other ventures															38,161						38,161
Other income (loss)															3,538						3,538
Net realized and unrealized gains (losses) on investments															682,660						682,660
Corporate expenses															(46,591)						(46,591)
Interest expense															(58,879)						(58,879)
Income (loss) before taxes																					1,269,773
Income tax benefit (expense)															(131,344)						(131,344)
Net (income) loss attributable to redeemable noncontrolling interests															(133,087)						(133,087)
Dividends on preference shares															(17,688)						(17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	987,654
Net claims and claim expenses incurred – current accident year			$	2,068,961					$	2,182,504					$	—					$	4,251,465
Net claims and claim expenses incurred – prior accident years			(453,634)						(11,950)						—						(465,584)
Net claims and claim expenses incurred – total			$	1,615,327					$	2,170,554					$	—					$	3,785,881
Net claims and claim expense ratio – current accident year			97.8		%				72.3		%										82.8		%
Net claims and claim expense ratio – prior accident years			(21.5)		%				(0.4)		%										(9.0)		%
Net claims and claim expense ratio – calendar year			76.3		%				71.9		%										73.8		%
Underwriting expense ratio			22.6		%				34.5		%										29.5		%
Combined ratio			98.9		%				106.4		%										103.3		%

12

RenaissanceRe Holdings Ltd.
Supplemental Financial Data - Gross Premiums Written
(in thousands of United States Dollars)
(Unaudited)
			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Property Segment
Catastrophe			$	1,147,430					$	1,362,681					$	2,427,037					$	3,029,322
Other property			404,255						369,254						832,068						833,446
Property segment gross premiums written			$	1,551,685					$	1,731,935					$	3,259,105					$	3,862,768
Casualty and Specialty Segment
General casualty (1)			$	423,977					$	513,078					$	924,935					$	1,193,527
Professional liability (2)			260,105						266,380						559,801						503,341
Credit (3)			216,408						267,540						575,712						668,293
Other specialty (4)			542,249						642,247						1,153,744						1,348,754
Casualty and Specialty segment gross premiums written			$	1,442,739					$	1,689,245					$	3,214,192					$	3,713,915

(1)Includes automobile liability, casualty clash, employers’ liability, umbrella or excess casualty, workers’ compensation and general liability.

(2)Includes directors and officers, medical malpractice, professional indemnity and transactional liability.

(3)Includes financial guaranty, mortgage guaranty, political risk, surety and trade credit.

(4)Includes accident and health, agriculture, aviation, construction, cyber, energy, marine, satellite and terrorism. Lines of business such as regional multi-line and whole account may have characteristics of various other lines of business, and are allocated accordingly.

13

RenaissanceRe Holdings Ltd.
Supplemental Financial Data - Total Investment Result
(in thousands of United States Dollars, except percentages)
(Unaudited)
			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Net investment income
Fixed maturity investments trading			$	297,222					$	282,173					$	591,716					$	566,896
Short-term investments			32,957						48,415						67,263						89,444
Equity investments
Fixed income exchange traded funds			26,119						6,528						47,811						7,712
Common stock (1)			676						615						1,353						1,341
Other investments
Catastrophe bonds			40,095						47,948						80,027						102,702
Fund and direct private equity investments (1)			33,333						21,692						58,544						40,415
Cash and cash equivalents			9,420						12,333						20,583						23,443
			439,822						419,704						867,297						831,953
Investment expenses			(7,333)						(6,596)						(14,306)						(13,492)
Net investment income			$	432,489					$	413,108					$	852,991					$	818,461
Equity in earnings (losses) of other ventures (2)			$	17,829					$	20,333					$	38,314					$	38,161
Net realized and unrealized gains (losses) on investments (3)
Fixed maturity-related investments (4)			$	(115,341)					$	149,510					$	(383,289)					$	462,387
Equity-related investments (5)			217,292						111,118						69,866						61,529
Commodity-related investments (6)			(79,131)						33,253						(13,821)						150,844
Other investments
Catastrophe bonds			(1,125)						(14,016)						(12,954)						(54,429)
Fund and direct private equity investments (1)			99,933						69,855						39,913						62,329
Net realized and unrealized gains (losses) on investments			$	121,628					$	349,720					$	(300,285)					$	682,660
Total investment result (2)			$	571,946					$	783,161					$	591,020					$	1,539,282
Average invested assets			$	35,692,318					$	34,044,766					$	35,819,281					$	33,576,329
Net investment income return - annualized			5.0		%				5.0		%				4.9		%				5.0		%
Total investment return - annualized (2)			6.6		%				9.6		%				3.4		%				9.5		%

(1)In the fourth quarter of 2025, the Company revised the description of its “other equity investments” to “common stock” and its “other investments - other” to “other investments - fund and direct private equity investments.”

(2)In the fourth quarter of 2025, the Company revised its presentation of “total investment result” and “total investment return - annualized” to include equity in earnings (losses) of other ventures. Comparative information for the prior periods presented has been updated to conform to the current presentation.

(3)In the fourth quarter of 2025, the Company revised its presentation of “net realized and unrealized gains (losses) on investments” to show amounts based on net investment exposure, which takes into account related derivative impacts. Comparative information for the prior periods has been updated to conform to the current presentation.

(4)Includes fixed maturity investments and investment-related derivatives, which includes interest rate futures, credit default swaps and interest rate swaps.

(5)Includes equity investments and investment-related derivatives, which includes equity futures and warrants.

(6)Includes commodity-related derivatives, which includes commodity futures and commodity options.

14

Comments on Non-GAAP Financial Measures

In addition to the GAAP financial measures set forth in this Press Release, the Company has included certain non-GAAP financial measures within the meaning of Regulation G. The Company has provided certain of these financial measures in previous investor communications and the Company’s management believes that such measures are important to investors and other interested persons, and that investors and such other persons benefit from having a consistent basis for comparison between quarters and for comparison with other companies within or outside the industry. These measures may not, however, be comparable to similarly titled measures used by companies within or outside of the insurance industry. Investors are cautioned not to place undue reliance on these non-GAAP measures in assessing the Company’s overall financial performance.

Operating Income (Loss) Available (Attributable) to RenaissanceRe Common Shareholders, Operating Income (Loss) Available (Attributable) to RenaissanceRe Common Shareholders per Common Share – Diluted and Operating Return on Average Common Equity - Annualized

The Company uses “operating income (loss) available (attributable) to RenaissanceRe common shareholders” as a measure to evaluate the underlying fundamentals of its operations and believes it to be a useful measure of its corporate performance. “Operating income (loss) available (attributable) to RenaissanceRe common shareholders” as used herein differs from “net income (loss) available (attributable) to RenaissanceRe common shareholders,” which the Company believes is the most directly comparable GAAP measure, by the exclusion of (1) net realized and unrealized gains and losses on investments, excluding other investments - catastrophe bonds, (2) net foreign exchange gains and losses, (3) expenses or revenues associated with acquisitions, dispositions and impairments, (4) acquisition related purchase accounting adjustments, (5) the Bermuda net deferred tax benefit recorded prior to the January 1, 2025 effective date of the Bermuda corporate income tax and the Bermuda deferred tax benefit resulting from Bermuda law changes enacted in 2025, (6) the income tax expense or benefit associated with these adjustments, and (7) the portion of these adjustments attributable to the Company’s redeemable noncontrolling interests. The Company also uses “operating income (loss) available (attributable) to RenaissanceRe common shareholders” to calculate “operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted” and “operating return on average common equity - annualized.”

The Company’s management believes that “operating income (loss) available (attributable) to RenaissanceRe common shareholders,” “operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted” and “operating return on average common equity - annualized” are useful to management and investors because they provide for better comparability and more accurately measure the Company’s results of operations and remove variability. Additionally, management believes that these measures provide a view of the Company’s underlying business that allows for better comparisons of the Company’s performance over time by focusing on the Company’s core business operations.

The following table is a reconciliation of: (1) net income (loss) available (attributable) to RenaissanceRe common shareholders to “operating income (loss) available (attributable) to RenaissanceRe common shareholders”; (2) net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted to “operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted”; and (3) return on average common equity - annualized to “operating return on average common equity - annualized.”

15

			Three months ended												Six months ended
(in thousands of United States Dollars, except per share amounts and percentages)			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Net income (loss) available (attributable) to RenaissanceRe common shareholders			$	654,234					$	826,507					$	938,769					$	987,654
Adjustment for:
Net realized and unrealized losses (gains) on investments, excluding other investments - catastrophe bonds			(122,753)						(363,736)						287,331						(737,089)
Net foreign exchange losses (gains)			7,345						(8,660)						16,364						(1,332)
Expenses (revenues) associated with acquisitions, dispositions and impairments			—						1,996						3						3,432
Acquisition related purchase accounting adjustments (1)			22,707						50,312						45,413						103,883
Bermuda net deferred tax asset (2)			—						—						—						—
Income tax expense (benefit) (3)			19,984						56,964						(59,759)						96,356
Net income (loss) attributable to redeemable noncontrolling interests (4)			(33,756)						31,200						(89,823)						71,925
Operating income (loss) available (attributable) to RenaissanceRe common shareholders			$	547,761					$	594,583					$	1,138,298					$	524,829
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted			$	15.48					$	17.20					$	21.94					$	20.30
Adjustment for:
Net realized and unrealized losses (gains) on investments, excluding other investments - catastrophe bonds			(2.95)						(7.69)						6.83						(15.39)
Net foreign exchange losses (gains)			0.18						(0.18)						0.39						(0.03)
Expenses (revenues) associated with acquisitions, dispositions and impairments			—						0.04						—						0.08
Acquisition related purchase accounting adjustments (1)			0.55						1.06						1.08						2.17
Bermuda net deferred tax asset (2)			—						—						—						—
Income tax expense (benefit) (3)			0.47						1.20						(1.43)						2.01
Net income (loss) attributable to redeemable noncontrolling interests (4)			(0.81)						0.66						(2.13)						1.50
Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted			$	12.92					$	12.29					$	26.68					$	10.64
Return on average common equity - annualized			24.0		%				33.7		%				17.2		%				20.1		%
Adjustment for:
Net realized and unrealized losses (gains) on investments, excluding other investments - catastrophe bonds			(4.5)		%				(14.8)		%				5.3		%				(15.0)		%
Net foreign exchange losses (gains)			0.3		%				(0.4)		%				0.3		%				—		%
Expenses (revenues) associated with acquisitions, dispositions and impairments			—		%				0.1		%				—		%				—		%
Acquisition related purchase accounting adjustments (1)			0.8		%				2.0		%				0.8		%				2.1		%
Bermuda net deferred tax asset (2)			—		%				—		%				—		%				—		%
Income tax expense (benefit) (3)			0.7		%				2.3		%				(1.1)		%				2.0		%
Net income (loss) attributable to redeemable noncontrolling interests (4)			(1.2)		%				1.3		%				(1.6)		%				1.5		%
Operating return on average common equity - annualized			20.1		%				24.2		%				20.9		%				10.7		%

(1)Represents the purchase accounting adjustments related to the amortization of acquisition related intangible assets, amortization (accretion) of value of business acquired (“VOBA”) and acquisition costs, and the fair value adjustments to the net reserves for claims and claim expenses for the three and six months ended June 30, 2026 for the acquisitions of Validus of $21.0 million and $41.9 million (2025 - $48.0 million and $98.7 million); and TMR and Platinum of $1.8 million and $3.5 million (2025 - $2.4 million and $5.2 million).

(2)Represents the net deferred tax benefit related to the 15% Bermuda corporate income tax recorded prior to the January 1, 2025 effective date and the deferred tax benefit related to Bermuda law changes enacted in 2025.

(3)Represents the income tax expense or benefit associated with the adjustments to net income (loss) available (attributable) to RenaissanceRe common shareholders. The income tax impact is estimated by applying the statutory income tax rates of applicable jurisdictions, adjusted for relevant factors and other applicable income taxes.

(4)Represents the portion of the adjustments above that are attributable to the Company’s redeemable noncontrolling interests, including the income tax impact of those adjustments.

16

Tangible Book Value Per Common Share and Tangible Book Value Per Common Share Plus Accumulated Dividends

The Company has included in this Press Release “tangible book value per common share” and “tangible book value per common share plus accumulated dividends.” “Tangible book value per common share” is defined as book value per common share excluding per share amounts for (1) acquisition related goodwill and other intangible assets, (2) other goodwill and intangible assets, and (3) acquisition related purchase accounting adjustments. “Tangible book value per common share plus accumulated dividends” is defined as book value per common share excluding per share amounts for (1) acquisition related goodwill and other intangible assets, (2) other goodwill and intangible assets, and (3) acquisition related purchase accounting adjustments, plus accumulated dividends.

The Company’s management believes “tangible book value per common share” and “tangible book value per common share plus accumulated dividends” are useful to investors because they provide a more accurate measure of the realizable value of shareholder returns by excluding the impact of goodwill and intangible assets and acquisition related purchase accounting adjustments to provide for better comparability and a more accurate measure of the Company’s underlying operations. The following table is a reconciliation of book value per common share to “tangible book value per common share” and “tangible book value per common share plus accumulated dividends.”

			June 30, 2026						June 30, 2025
Book value per common share			$	264.77					$	212.15
Adjustment for:
Acquisition related goodwill and other intangible assets (1)			(14.41)						(14.12)
Other goodwill and intangible assets (2)			(0.22)						(0.18)
Acquisition related purchase accounting adjustments (3)			(2.48)						(2.99)
Tangible book value per common share			247.66						194.86
Adjustment for accumulated dividends			30.50						28.88
Tangible book value per common share plus accumulated dividends			$	278.16					$	223.74
Quarterly change in book value per common share (4)			5.7		%				8.1		%
Quarterly change in book value per common share plus change in accumulated dividends (4)			5.9		%				8.3		%
Quarterly change in tangible book value per common share plus change in accumulated dividends (4)			6.2		%				9.5		%

(1)Represents the acquired goodwill and other intangible assets at June 30, 2026, of $602.4 million (2025 - $668.8 million) for the acquisitions of Validus, TMR and Platinum of $377.9 million, $24.5 million and $200.1 million, respectively (2025 - $442.1 million, $25.5 million and $201.1 million, respectively).

(2)At June 30, 2026, the adjustment for other goodwill and intangible assets included $8.9 million (2025 - $8.9 million) of goodwill and other intangibles included in investments in other ventures, under equity method.

(3)Represents the purchase accounting adjustments related to the unamortized VOBA and acquisition costs, and the fair value adjustments to reserves at June 30, 2026 for the acquisitions of Validus, TMR and Platinum of $63.7 million, $40.7 million and $(0.5) million, respectively (2025 - $94.6 million, $47.7 million and $(0.6) million, respectively). As of December 31, 2025, the purchase accounting adjustments related to the VOBA were fully amortized.

(4)Represents the percentage change during the three months ended June 30, 2026, and June 30, 2025, respectively.

17

Adjusted Combined Ratio

The Company has included in this Press Release “adjusted combined ratio” for the Company, its reportable segments and certain classes of business. “Adjusted combined ratio” is defined as the combined ratio adjusted for the impact of acquisition related purchase accounting, which includes the amortization of acquisition related intangible assets, purchase accounting adjustments related to the amortization (accretion) of VOBA and acquisition costs, and the fair value adjustments to the net reserve for claims and claim expenses for the acquisitions of Validus, TMR and Platinum. The combined ratio is calculated as the sum of (1) net claims and claim expenses incurred, (2) acquisition expenses, and (3) operational expenses; divided by net premiums earned. The acquisition related purchase accounting adjustments impact net claims and claim expenses incurred and acquisition expenses. The Company’s management believes “adjusted combined ratio” is useful to management and investors because it provides for better comparability and more accurately measures the Company’s underlying underwriting performance. The following table is a reconciliation of combined ratio to “adjusted combined ratio.”

			Three months ended June 30, 2026
			Catastrophe						Other Property						Property						Casualty and Specialty						Total
Combined ratio			10.2		%				52.2		%				27.1		%				103.3		%				72.8		%
Adjustment for acquisition related purchase accounting adjustments (1)			(1.4)		%				(0.7)		%				(1.1)		%				(1.0)		%				(1.1)		%
Adjusted combined ratio			8.8		%				51.5		%				26.0		%				102.3		%				71.7		%
			Three months ended June 30, 2025
			Catastrophe						Other Property						Property						Casualty and Specialty						Total
Combined ratio			18.2		%				43.7		%				27.4		%				101.8		%				75.1		%
Adjustment for acquisition related purchase accounting adjustments (1)			(1.8)		%				(1.2)		%				(1.6)		%				(2.3)		%				(2.1)		%
Adjusted combined ratio			16.4		%				42.5		%				25.8		%				99.5		%				73.0		%

(1)Adjustment for acquisition related purchase accounting includes the amortization of the acquisition related intangible assets and purchase accounting adjustments related to the net amortization (accretion) of VOBA and acquisition costs, and the fair value adjustments to the net reserve for claims and claim expenses for the acquisitions of Validus, TMR and Platinum.

18

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.			Segment Underwriting Results						5
b.			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 Non-GAAP Financial Measures									28

RenaissanceRe Holdings Ltd.

Basis of Presentation

RenaissanceRe Holdings Ltd. (the “Company” or “RenaissanceRe”) is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, and headquartered in Bermuda, RenaissanceRe has offices across North America, Europe, and the Asia-Pacific region.

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 return on average common equity - annualized,” “tangible book value per common share,” “tangible book value per common share plus accumulated dividends,” “adjusted combined ratio,” “retained total investment result,” “retained investments, at fair value,” “retained investments, unrealized gain (loss)” and “operating (income) loss attributable to redeemable noncontrolling interests.” A reconciliation of such measures to the most comparable GAAP figures is presented in the attached supplemental financial data. See pages 28 through 38 for “Comments on Non-GAAP Financial Measures.”

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 at www.renre.com for further information about RenaissanceRe.

i

Cautionary Statement Regarding Forward-Looking Statements

Any forward-looking statements made in this Financial Supplement reflect RenaissanceRe’s current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company may also make forward-looking statements with respect to its business and industry, such as those relating to its strategy and management objectives, plans and expectations regarding its response and ability to adapt to changing economic conditions, market standing and product volumes, estimates of net negative impact and insured losses from loss events, competition in the industry and government initiatives and regulatory matters affecting the (re)insurance industries. The inclusion of forward-looking statements in this report should not be considered as a representation by the Company that its current objectives or plans will be achieved. Numerous factors could cause the Company’s actual results to differ materially from those addressed by the forward-looking statements, including the following: the Company’s exposure to natural and non-natural catastrophic events and circumstances and the variance they may cause in the Company’s financial results; the effect of climate change on the Company’s business, including the trend towards increasingly frequent and severe climate events; the effectiveness of the Company’s claims and claim expense reserving process; the effect of emerging claims and coverage issues; the performance of the Company’s investment portfolio and financial market volatility; the effects of inflation; the Company’s exposure to ceding companies and delegated authority counterparties and the risks they underwrite; the Company’s ability to maintain its financial strength ratings; the Company’s reliance on a small number of brokers; the highly competitive nature of the Company’s industry; the historically cyclical nature of the (re)insurance industries; collection on claimed retrocessional coverage and new retrocessional reinsurance being available; the Company’s ability to attract and retain key executives and employees; the Company’s ability to successfully implement its business strategies and initiatives; the Company’s exposure to credit loss from counterparties; the Company’s need to make many estimates and judgments in the preparation of its financial statements; the Company’s exposure to risks associated with its management of capital on behalf of investors; changes to the accounting rules and regulatory systems applicable to the Company’s business, including changes in Bermuda and U.S. laws or regulations; the effect of current or future macroeconomic or geopolitical events or trends, including the ongoing conflicts globally; other political, regulatory or industry initiatives adversely impacting the Company; the impact of cybersecurity risks, including technology breaches or failure; the Company’s ability to comply with covenants in its debt agreements; the effect of adverse economic factors, including changes in the prevailing interest rates; the effects of new or possible future tax actions or reform legislation and regulations in the jurisdictions in which the Company operates; the Company’s ability to determine any impairments taken on its investments; the Company’s ability to raise capital on acceptable terms; the Company’s ability to comply with applicable sanctions and foreign corrupt practices laws; the Company’s dependence on capital distributions from its operating subsidiaries; and other factors affecting future results disclosed in RenaissanceRe’s filings with the SEC, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

ii

RenaissanceRe Holdings Ltd.
Financial Highlights
			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Net income (loss) available (attributable) to RenaissanceRe common shareholders			$	654,234					$	826,507					$	938,769					$	987,654
Operating income (loss) available (attributable) to RenaissanceRe common shareholders (1)			$	547,761					$	594,583					$	1,138,298					$	524,829
Underwriting income
Gross premiums written			$	2,994,424					$	3,421,180					$	6,473,297					$	7,576,683
Net premiums written			2,276,960						2,770,270						4,955,256						6,213,799
Net premiums earned			2,199,521						2,412,154						4,383,135						5,132,935
Underwriting income (loss)			599,117						601,688						1,187,875						(168,909)
Net claims and claim expense ratio:
Current accident year			51.9		%				54.4		%				52.2		%				82.8		%
Prior accident years			(9.1)		%				(11.2)		%				(8.3)		%				(9.0)		%
Calendar year			42.8		%				43.2		%				43.9		%				73.8		%
Acquisition expense ratio			25.7		%				26.7		%				24.8		%				25.1		%
Operating expense ratio			4.3		%				5.2		%				4.2		%				4.4		%
Combined ratio			72.8		%				75.1		%				72.9		%				103.3		%
Adjusted combined ratio (1)			71.7		%				73.0		%				71.9		%				101.3		%
Fee income
Management fee income			$	48,138					$	56,407					$	96,065					$	102,468
Performance fee income			34,889						38,550						81,088						22,946
Total fee income			$	83,027					$	94,957					$	177,153					$	125,414
Investment results - managed
Net investment income			$	432,489					$	413,108					$	852,991					$	818,461
Equity in earnings (losses) of other ventures (2)			17,829						20,333						38,314						38,161
Net realized and unrealized gains (losses) on investments			121,628						349,720						(300,285)						682,660
Total investment result (2)			$	571,946					$	783,161					$	591,020					$	1,539,282
Investment results - retained (1)
Net investment income			$	314,342					$	286,072					$	618,486					$	565,178
Equity in earnings (losses) of other ventures (2)			17,829						20,333						38,314						38,161
Net realized and unrealized gains (losses) on investments			153,531						343,022						(203,223)						671,334
Total investment result (2)			$	485,702					$	649,427					$	453,577					$	1,274,673

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

(2)In the fourth quarter of 2025, the Company revised its presentation of “total investment result” to include equity in earnings (losses) of other ventures. Comparative information for the prior periods presented has been updated to conform to the current presentation.

1

Financial Highlights - Per Share Data & ROE
			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - basic			$	15.54					$	17.25					$	22.03					$	20.37
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted			$	15.48					$	17.20					$	21.94					$	20.30
Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted (1)			$	12.92					$	12.29					$	26.68					$	10.64
Average shares outstanding - basic			41,379						47,140						41,906						47,737
Average shares outstanding - diluted			41,545						47,286						42,086						47,900
Return on average common equity - annualized			24.0		%				33.7		%				17.2		%				20.1		%
Operating return on average common equity - annualized (1)			20.1		%				24.2		%				20.9		%				10.7		%
			June 30, 2026						December 31, 2025
Book value per common share			$	264.77					$	247.00
Tangible book value per common share (1)			$	247.66					$	230.10
Tangible book value per common share plus accumulated dividends (1)			$	278.16					$	259.78
Year to date change in book value per common share plus change in accumulated dividends			7.5		%				27.0		%
Year to date change in tangible book value per common share plus change in accumulated dividends (1)			8.0		%				30.8		%

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

2

Summary Consolidated Financial Statements
Consolidated Statements of Operations
			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Revenues
Gross premiums written			$	2,994,424					$	3,421,180					$	6,473,297					$	7,576,683
Net premiums written			$	2,276,960					$	2,770,270					$	4,955,256					$	6,213,799
Decrease (increase) in unearned premiums			(77,439)						(358,116)						(572,121)						(1,080,864)
Net premiums earned			2,199,521						2,412,154						4,383,135						5,132,935
Net investment income			432,489						413,108						852,991						818,461
Net foreign exchange gains (losses)			(7,345)						8,660						(16,364)						1,332
Equity in earnings (losses) of other ventures			17,829						20,333						38,314						38,161
Other income (loss)			4,479						2,624						5,726						3,538
Net realized and unrealized gains (losses) on investments			121,628						349,720						(300,285)						682,660
Total revenues			2,768,601						3,206,599						4,963,517						6,677,087
Expenses
Net claims and claim expenses incurred			942,378						1,042,123						1,926,349						3,785,881
Acquisition expenses			563,279						642,605						1,085,129						1,290,040
Operational expenses			94,747						125,738						183,782						225,923
Corporate expenses			18,681						23,781						38,141						46,591
Interest expense			31,778						31,793						63,564						58,879
Total expenses			1,650,863						1,866,040						3,296,965						5,407,314
Income (loss) before taxes			1,117,738						1,340,559						1,666,552						1,269,773
Income tax benefit (expense)			(139,400)						(176,869)						(172,384)						(131,344)
Net income (loss)			978,338						1,163,690						1,494,168						1,138,429
Net (income) loss attributable to redeemable noncontrolling interests			(315,260)						(328,339)						(537,711)						(133,087)
Net income (loss) attributable to RenaissanceRe			663,078						835,351						956,457						1,005,342
Dividends on preference shares			(8,844)						(8,844)						(17,688)						(17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders			$	654,234					$	826,507					$	938,769					$	987,654

3

Summary Consolidated Financial Statements
Consolidated Balance Sheets
			June 30, 2026						December 31, 2025
Assets
Fixed maturity investments trading, at fair value – amortized cost $25,281,536 at June 30, 2026 (December 31, 2025 – $24,658,351)			$	25,185,430					$	24,884,323
Short term investments, at fair value – amortized cost $3,952,780 at June 30, 2026 (December 31, 2025 – $4,760,027)			3,949,012						4,759,811
Equity investments, at fair value			1,846,152						1,732,990
Other investments, at fair value			5,083,169						4,574,214
Investments in other ventures, under equity method			149,337						121,871
Total investments			36,213,100						36,073,209
Cash and cash equivalents			1,302,160						1,731,181
Premiums receivable			8,269,415						7,252,454
Prepaid reinsurance premiums			1,567,745						993,781
Reinsurance recoverable			3,863,486						3,899,913
Accrued investment income			250,610						233,688
Deferred acquisition costs and value of business acquired			1,706,129						1,538,540
Deferred tax asset			693,186						701,927
Receivable for investments sold			305,237						414,523
Other assets			422,106						328,087
Goodwill and other intangibles			602,439						633,087
Total assets			$	55,195,613					$	53,800,390
Liabilities, Noncontrolling Interests and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses			$	22,269,134					$	22,302,345
Unearned premiums			7,176,037						6,028,174
Debt			2,330,907						2,329,201
Reinsurance balances payable			3,056,013						2,540,518
Payable for investments purchased			550,409						533,101
Other liabilities			649,551						856,302
Total liabilities			36,032,051						34,589,641
Redeemable noncontrolling interests			7,343,353						7,602,092
Shareholders’ Equity
Preference shares: $1.00 par value – 30,000 shares issued and outstanding at June 30, 2026 (December 31, 2025 – 30,000)			750,000						750,000
Common shares: $1.00 par value – 41,811,353 shares issued and outstanding at June 30, 2026 (December 31, 2025 – 43,961,539)			41,811						43,962
Additional paid-in capital			—						—
Accumulated other comprehensive loss			(13,045)						(12,626)
Retained earnings			11,041,443						10,827,321
Total shareholders’ equity attributable to RenaissanceRe			11,820,209						11,608,657
Total liabilities, noncontrolling interests and shareholders’ equity			$	55,195,613					$	53,800,390
Book value per common share			$	264.77					$	247.00

4

Underwriting and Reserves
Segment Underwriting Results
			Three months ended June 30, 2026																		Three months ended June 30, 2025
			Property						Casualty and Specialty						Total						Property						Casualty and Specialty						Total
Gross premiums written			$	1,551,685					$	1,442,739					$	2,994,424					$	1,731,935					$	1,689,245					$	3,421,180
Net premiums written			$	1,203,424					$	1,073,536					$	2,276,960					$	1,325,557					$	1,444,713					$	2,770,270
Net premiums earned			$	881,611					$	1,317,910					$	2,199,521					$	868,010					$	1,544,144					$	2,412,154
Net claims and claim expenses incurred			(7,079)						949,457						942,378						(7,930)						1,050,053						1,042,123
Acquisition expenses			175,436						387,843						563,279						174,200						468,405						642,605
Operational expenses			70,579						24,168						94,747						71,569						54,169						125,738
Underwriting income (loss)			$	642,675					$	(43,558)					$	599,117					$	630,171					$	(28,483)					$	601,688
Net claims and claim expenses incurred:
Current accident year			$	250,393					$	891,410					$	1,141,803					$	258,646					$	1,053,187					$	1,311,833
Prior accident years			(257,472)						58,047						(199,425)						(266,576)						(3,134)						(269,710)
Total			$	(7,079)					$	949,457					$	942,378					$	(7,930)					$	1,050,053					$	1,042,123
Net claims and claim expense ratio:
Current accident year			28.4		%				67.6		%				51.9		%				29.8		%				68.2		%				54.4		%
Prior accident years			(29.2)		%				4.4		%				(9.1)		%				(30.7)		%				(0.2)		%				(11.2)		%
Calendar year			(0.8)		%				72.0		%				42.8		%				(0.9)		%				68.0		%				43.2		%
Acquisition expense ratio			19.9		%				29.5		%				25.7		%				20.1		%				30.3		%				26.7		%
Operating expense ratio			8.0		%				1.8		%				4.3		%				8.2		%				3.5		%				5.2		%
Combined ratio			27.1		%				103.3		%				72.8		%				27.4		%				101.8		%				75.1		%
Adjusted combined ratio (1)			26.0		%				102.3		%				71.7		%				25.8		%				99.5		%				73.0		%

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

5

Underwriting and Reserves
Segment Underwriting Results
			Six months ended June 30, 2026																		Six months ended June 30, 2025
			Property						Casualty and Specialty						Total						Property						Casualty and Specialty						Total
Gross premiums written			$	3,259,105					$	3,214,192					$	6,473,297					$	3,862,768					$	3,713,915					$	7,576,683
Net premiums written			$	2,458,617					$	2,496,639					$	4,955,256					$	3,016,551					$	3,197,248					$	6,213,799
Net premiums earned			$	1,782,349					$	2,600,786					$	4,383,135					$	2,115,960					$	3,016,975					$	5,132,935
Net claims and claim expenses incurred			77,029						1,849,320						1,926,349						1,615,327						2,170,554						3,785,881
Acquisition expenses			332,467						752,662						1,085,129						341,845						948,195						1,290,040
Operational expenses			136,315						47,467						183,782						135,835						90,088						225,923
Underwriting income (loss)			$	1,236,538					$	(48,663)					$	1,187,875					$	22,953					$	(191,862)					$	(168,909)
Net claims and claim expenses incurred:
Current accident year			$	495,242					$	1,792,547					$	2,287,789					$	2,068,961					$	2,182,504					$	4,251,465
Prior accident years			(418,213)						56,773						(361,440)						(453,634)						(11,950)						(465,584)
Total			$	77,029					$	1,849,320					$	1,926,349					$	1,615,327					$	2,170,554					$	3,785,881
Net claims and claim expense ratio:
Current accident year			27.8		%				68.9		%				52.2		%				97.8		%				72.3		%				82.8		%
Prior accident years			(23.5)		%				2.2		%				(8.3)		%				(21.5)		%				(0.4)		%				(9.0)		%
Calendar year			4.3		%				71.1		%				43.9		%				76.3		%				71.9		%				73.8		%
Acquisition expense ratio			18.7		%				29.0		%				24.8		%				16.2		%				31.4		%				25.1		%
Operating expense ratio			7.6		%				1.8		%				4.2		%				6.4		%				3.1		%				4.4		%
Combined ratio			30.6		%				101.9		%				72.9		%				98.9		%				106.4		%				103.3		%
Adjusted combined ratio (1)			29.6		%				100.8		%				71.9		%				97.3		%				104.0		%				101.3		%

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

6

Underwriting and Reserves
Total Underwriting Results - Five Quarter Trend
			Total
			June 30, 2026						March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025
Gross premiums written			$	2,994,424					$	3,478,873					$	1,838,111					$	2,323,626					$	3,421,180
Net premiums written			$	2,276,960					$	2,678,296					$	1,598,599					$	2,057,802					$	2,770,270
Net premiums earned			$	2,199,521					$	2,183,614					$	2,334,442					$	2,433,805					$	2,412,154
Net claims and claim expenses incurred			942,378						983,971						951,138						878,820						1,042,123
Acquisition expenses			563,279						521,850						601,060						659,723						642,605
Operational expenses			94,747						89,035						113,481						125,073						125,738
Underwriting income (loss)			$	599,117					$	588,758					$	668,763					$	770,189					$	601,688
Net claims and claim expenses incurred:
Current accident year			$	1,141,803					$	1,145,986					$	1,196,436					$	1,258,871					$	1,311,833
Prior accident years			(199,425)						(162,015)						(245,298)						(380,051)						(269,710)
Total			$	942,378					$	983,971					$	951,138					$	878,820					$	1,042,123
Net claims and claim expense ratio:
Current accident year			51.9		%				52.5		%				51.3		%				51.7		%				54.4		%
Prior accident years			(9.1)		%				(7.4)		%				(10.6)		%				(15.6)		%				(11.2)		%
Calendar year			42.8		%				45.1		%				40.7		%				36.1		%				43.2		%
Acquisition expense ratio			25.7		%				23.8		%				25.8		%				27.2		%				26.7		%
Operating expense ratio			4.3		%				4.1		%				4.9		%				5.1		%				5.2		%
Combined ratio			72.8		%				73.0		%				71.4		%				68.4		%				75.1		%
Adjusted combined ratio (1)			71.7		%				72.0		%				70.0		%				66.6		%				73.0		%

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

7

Underwriting and Reserves
Property Segment Underwriting Results - Five Quarter Trend
			Property
			June 30, 2026						March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025
Gross premiums written			$	1,551,685					$	1,707,420					$	346,099					$	733,274					$	1,731,935
Net premiums written			$	1,203,424					$	1,255,193					$	333,320					$	694,125					$	1,325,557
Net premiums earned			$	881,611					$	900,738					$	918,776					$	936,933					$	868,010
Net claims and claim expenses incurred			(7,079)						84,108						(55,808)						(133,504)						(7,930)
Acquisition expenses			175,436						157,031						180,660						192,347						174,200
Operational expenses			70,579						65,736						75,067						86,579						71,569
Underwriting income (loss)			$	642,675					$	593,863					$	718,857					$	791,511					$	630,171
Net claims and claim expenses incurred:
Current accident year			$	250,393					$	244,849					$	196,081					$	250,169					$	258,646
Prior accident years			(257,472)						(160,741)						(251,889)						(383,673)						(266,576)
Total			$	(7,079)					$	84,108					$	(55,808)					$	(133,504)					$	(7,930)
Net claims and claim expense ratio:
Current accident year			28.4		%				27.2		%				21.3		%				26.7		%				29.8		%
Prior accident years			(29.2)		%				(17.9)		%				(27.4)		%				(40.9)		%				(30.7)		%
Calendar year			(0.8)		%				9.3		%				(6.1)		%				(14.2)		%				(0.9)		%
Acquisition expense ratio			19.9		%				17.5		%				19.7		%				20.5		%				20.1		%
Operating expense ratio			8.0		%				7.3		%				8.2		%				9.2		%				8.2		%
Combined ratio			27.1		%				34.1		%				21.8		%				15.5		%				27.4		%
Adjusted combined ratio (1)			26.0		%				33.0		%				20.4		%				14.2		%				25.8		%

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

8

Underwriting and Reserves
Casualty and Specialty Segment Underwriting Results - Five Quarter Trend
			Casualty and Specialty
			June 30, 2026						March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025
Gross premiums written			$	1,442,739					$	1,771,453					$	1,492,012					$	1,590,352					$	1,689,245
Net premiums written			$	1,073,536					$	1,423,103					$	1,265,279					$	1,363,677					$	1,444,713
Net premiums earned			$	1,317,910					$	1,282,876					$	1,415,666					$	1,496,872					$	1,544,144
Net claims and claim expenses incurred			949,457						899,863						1,006,946						1,012,324						1,050,053
Acquisition expenses			387,843						364,819						420,400						467,376						468,405
Operational expenses			24,168						23,299						38,414						38,494						54,169
Underwriting income (loss)			$	(43,558)					$	(5,105)					$	(50,094)					$	(21,322)					$	(28,483)
Net claims and claim expenses incurred:
Current accident year			$	891,410					$	901,137					$	1,000,355					$	1,008,702					$	1,053,187
Prior accident years			58,047						(1,274)						6,591						3,622						(3,134)
Total			$	949,457					$	899,863					$	1,006,946					$	1,012,324					$	1,050,053
Net claims and claim expense ratio:
Current accident year			67.6		%				70.2		%				70.7		%				67.4		%				68.2		%
Prior accident years			4.4		%				(0.1)		%				0.4		%				0.2		%				(0.2)		%
Calendar year			72.0		%				70.1		%				71.1		%				67.6		%				68.0		%
Acquisition expense ratio			29.5		%				28.5		%				29.7		%				31.2		%				30.3		%
Operating expense ratio			1.8		%				1.8		%				2.7		%				2.6		%				3.5		%
Combined ratio			103.3		%				100.4		%				103.5		%				101.4		%				101.8		%
Adjusted combined ratio (1)			102.3		%				99.4		%				102.3		%				99.3		%				99.5		%

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

9

Underwriting and Reserves
Property Segment - Catastrophe and Other Property Underwriting Results
			Three months ended June 30, 2026																		Three months ended June 30, 2025
			Catastrophe						Other Property						Total						Catastrophe						Other Property						Total
Gross premiums written			$	1,147,430					$	404,255					$	1,551,685					$	1,362,681					$	369,254					$	1,731,935
Net premiums written			$	828,277					$	375,147					$	1,203,424					$	980,478					$	345,079					$	1,325,557
Net premiums earned			$	526,334					$	355,277					$	881,611					$	554,275					$	313,735					$	868,010
Net claims and claim expenses incurred			(71,041)						63,962						(7,079)						(40,642)						32,712						(7,930)
Acquisition expenses			64,539						110,897						175,436						82,232						91,968						174,200
Operational expenses			59,987						10,592						70,579						59,176						12,393						71,569
Underwriting income (loss)			$	472,849					$	169,826					$	642,675					$	453,509					$	176,662					$	630,171
Net claims and claim expenses incurred:
Current accident year			$	61,689					$	188,704					$	250,393					$	90,827					$	167,819					$	258,646
Prior accident years			(132,730)						(124,742)						(257,472)						(131,469)						(135,107)						(266,576)
Total			$	(71,041)					$	63,962					$	(7,079)					$	(40,642)					$	32,712					$	(7,930)
Net claims and claim expense ratio:
Current accident year			11.7		%				53.1		%				28.4		%				16.4		%				53.5		%				29.8		%
Prior accident years			(25.2)		%				(35.1)		%				(29.2)		%				(23.7)		%				(43.1)		%				(30.7)		%
Calendar year			(13.5)		%				18.0		%				(0.8)		%				(7.3)		%				10.4		%				(0.9)		%
Acquisition expense ratio			12.3		%				31.2		%				19.9		%				14.8		%				29.3		%				20.1		%
Operating expense ratio			11.4		%				3.0		%				8.0		%				10.7		%				4.0		%				8.2		%
Combined ratio			10.2		%				52.2		%				27.1		%				18.2		%				43.7		%				27.4		%
Adjusted combined ratio (1)			8.8		%				51.5		%				26.0		%				16.4		%				42.5		%				25.8		%

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

10

Underwriting and Reserves
Property Segment - Catastrophe and Other Property Underwriting Results
			Six months ended June 30, 2026																		Six months ended June 30, 2025
			Catastrophe						Other Property						Total						Catastrophe						Other Property						Total
Gross premiums written			$	2,427,037					$	832,068					$	3,259,105					$	3,029,322					$	833,446					$	3,862,768
Net premiums written			$	1,826,399					$	632,218					$	2,458,617					$	2,391,528					$	625,023					$	3,016,551
Net premiums earned			$	1,089,055					$	693,294					$	1,782,349					$	1,437,094					$	678,866					$	2,115,960
Net claims and claim expenses incurred			(76,484)						153,513						77,029						1,390,752						224,575						1,615,327
Acquisition expenses			129,180						203,287						332,467						148,813						193,032						341,845
Operational expenses			115,554						20,761						136,315						111,013						24,822						135,835
Underwriting income (loss)			$	920,805					$	315,733					$	1,236,538					$	(213,484)					$	236,437					$	22,953
Net claims and claim expenses incurred:
Current accident year			$	118,890					$	376,352					$	495,242					$	1,589,600					$	479,361					$	2,068,961
Prior accident years			(195,374)						(222,839)						(418,213)						(198,848)						(254,786)						(453,634)
Total			$	(76,484)					$	153,513					$	77,029					$	1,390,752					$	224,575					$	1,615,327
Net claims and claim expense ratio:
Current accident year			10.9		%				54.3		%				27.8		%				110.6		%				70.6		%				97.8		%
Prior accident years			(17.9)		%				(32.2)		%				(23.5)		%				(13.8)		%				(37.5)		%				(21.5)		%
Calendar year			(7.0)		%				22.1		%				4.3		%				96.8		%				33.1		%				76.3		%
Acquisition expense ratio			11.8		%				29.4		%				18.7		%				10.4		%				28.4		%				16.2		%
Operating expense ratio			10.6		%				3.0		%				7.6		%				7.7		%				3.7		%				6.4		%
Combined ratio			15.4		%				54.5		%				30.6		%				114.9		%				65.2		%				98.9		%
Adjusted combined ratio (1)			14.2		%				53.8		%				29.6		%				113.2		%				63.8		%				97.3		%

(1)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

11

Underwriting and Reserves
Gross Premiums Written
			Three months ended												Q/Q $ Change						Q/Q % Change						Six months ended												Y/Y $ Change						Y/Y % Change
			June 30, 2026						June 30, 2025																		June 30, 2026						June 30, 2025
Property Segment
Catastrophe			$	1,164,911					$	1,352,658					$	(187,747)					(13.9)		%				$	2,450,353					$	2,680,919					$	(230,566)					(8.6)		%
Catastrophe - gross reinstatement premiums			(17,481)						10,023						(27,504)						(274.4)		%				(23,316)						348,403						(371,719)						(106.7)		%
Total catastrophe gross premiums written			1,147,430						1,362,681						(215,251)						(15.8)		%				2,427,037						3,029,322						(602,285)						(19.9)		%
Other property			400,948						367,195						33,753						9.2		%				829,560						829,912						(352)						—		%
Other property - gross reinstatement premiums			3,307						2,059						1,248						60.6		%				2,508						3,534						(1,026)						(29.0)		%
Total other property gross premiums written			404,255						369,254						35,001						9.5		%				832,068						833,446						(1,378)						(0.2)		%
Property segment gross premiums written			$	1,551,685					$	1,731,935					$	(180,250)					(10.4)		%				$	3,259,105					$	3,862,768					$	(603,663)					(15.6)		%
Casualty and Specialty Segment
General casualty (1)			$	423,977					$	513,078					$	(89,101)					(17.4)		%				$	924,935					$	1,193,527					$	(268,592)					(22.5)		%
Professional liability (2)			260,105						266,380						(6,275)						(2.4)		%				559,801						503,341						56,460						11.2		%
Credit (3)			216,408						267,540						(51,132)						(19.1)		%				575,712						668,293						(92,581)						(13.9)		%
Other specialty (4)			542,249						642,247						(99,998)						(15.6)		%				1,153,744						1,348,754						(195,010)						(14.5)		%
Casualty and Specialty segment gross premiums written			$	1,442,739					$	1,689,245					$	(246,506)					(14.6)		%				$	3,214,192					$	3,713,915					$	(499,723)					(13.5)		%

(1)Includes automobile liability, casualty clash, employers’ liability, umbrella or excess casualty, workers’ compensation and general liability.

(2)Includes directors and officers, medical malpractice, professional indemnity and transactional liability.

(3)Includes financial guaranty, mortgage guaranty, political risk, surety and trade credit.

(4)Includes accident and health, agriculture, aviation, construction, cyber, energy, marine, satellite and terrorism. Lines of business such as regional multi-line and whole account may have characteristics of various other lines of business, and are allocated accordingly.

12

Underwriting and Reserves
Net Premiums Written
			Three months ended												Q/Q $ Change						Q/Q % Change						Six months ended												Y/Y $ Change						Y/Y % Change
			June 30, 2026						June 30, 2025																		June 30, 2026						June 30, 2025
Property Segment
Catastrophe			$	845,441					$	966,645					$	(121,204)					(12.5)		%				$	1,845,996					$	2,043,980					$	(197,984)					(9.7)		%
Catastrophe - net reinstatement premiums			(17,164)						13,833						(30,997)						(224.1)		%				(19,597)						347,548						(367,145)						(105.6)		%
Total catastrophe net premiums written			828,277						980,478						(152,201)						(15.5)		%				1,826,399						2,391,528						(565,129)						(23.6)		%
Other property			369,930						341,955						27,975						8.2		%				628,271						620,350						7,921						1.3		%
Other property - net reinstatement premiums			5,217						3,124						2,093						67.0		%				3,947						4,673						(726)						(15.5)		%
Total other property net premiums written			375,147						345,079						30,068						8.7		%				632,218						625,023						7,195						1.2		%
Property segment net premiums written			$	1,203,424					$	1,325,557					$	(122,133)					(9.2)		%				$	2,458,617					$	3,016,551					$	(557,934)					(18.5)		%
Casualty and Specialty Segment
General casualty (1)			$	316,411					$	487,630					$	(171,219)					(35.1)		%				$	750,508					$	1,120,797					$	(370,289)					(33.0)		%
Professional liability (2)			187,077						245,979						(58,902)						(23.9)		%				437,323						467,700						(30,377)						(6.5)		%
Credit (3)			166,882						204,354						(37,472)						(18.3)		%				458,173						550,175						(92,002)						(16.7)		%
Other specialty (4)			403,166						506,750						(103,584)						(20.4)		%				850,635						1,058,576						(207,941)						(19.6)		%
Casualty and Specialty segment net premiums written			$	1,073,536					$	1,444,713					$	(371,177)					(25.7)		%				$	2,496,639					3,197,248						$	(700,609)					(21.9)		%

(1)Includes automobile liability, casualty clash, employers’ liability, umbrella or excess casualty, workers’ compensation and general liability.

(2)Includes directors and officers, medical malpractice, professional indemnity and transactional liability.

(3)Includes financial guaranty, mortgage guaranty, political risk, surety and trade credit.

(4)Includes accident and health, agriculture, aviation, construction, cyber, energy, marine, satellite and terrorism. Lines of business such as regional multi-line and whole account may have characteristics of various other lines of business, and are allocated accordingly.

13

Underwriting and Reserves
Net Premiums Earned
			Three months ended												Q/Q $ Change						Q/Q % Change						Six months ended												Y/Y $ Change						Y/Y % Change
			June 30, 2026						June 30, 2025																		June 30, 2026						June 30, 2025
Property Segment
Catastrophe			$	543,498					$	540,442					$	3,056					0.6		%				$	1,108,652					$	1,089,546					$	19,106					1.8		%
Catastrophe - net reinstatement premiums			(17,164)						13,833						(30,997)						(224.1)		%				(19,597)						347,548						(367,145)						(105.6)		%
Total catastrophe net premiums earned			526,334						554,275						(27,941)						(5.0)		%				1,089,055						1,437,094						(348,039)						(24.2)		%
Other property			350,060						310,611						39,449						12.7		%				689,347						674,193						15,154						2.2		%
Other property - net reinstatement premiums			5,217						3,124						2,093						67.0		%				3,947						4,673						(726)						(15.5)		%
Total other property net premiums earned			355,277						313,735						41,542						13.2		%				693,294						678,866						14,428						2.1		%
Property segment net premiums earned			$	881,611					$	868,010					$	13,601					1.6		%				$	1,782,349					$	2,115,960					$	(333,611)					(15.8)		%
Casualty and Specialty Segment
General casualty (1)			$	420,028					$	550,882					$	(130,854)					(23.8)		%				$	856,794					$	1,159,479					$	(302,685)					(26.1)		%
Professional liability (2)			240,711						274,807						(34,096)						(12.4)		%				514,841						477,536						37,305						7.8		%
Credit (3)			218,917						228,484						(9,567)						(4.2)		%				403,220						440,098						(36,878)						(8.4)		%
Other specialty (4)			438,254						489,971						(51,717)						(10.6)		%				825,931						939,862						(113,931)						(12.1)		%
Casualty and Specialty segment net premiums earned			$	1,317,910					$	1,544,144					$	(226,234)					(14.7)		%				$	2,600,786					$	3,016,975					$	(416,189)					(13.8)		%

(1)Includes automobile liability, casualty clash, employers’ liability, umbrella or excess casualty, workers’ compensation and general liability.

(2)Includes directors and officers, medical malpractice, professional indemnity and transactional liability.

(3)Includes financial guaranty, mortgage guaranty, political risk, surety and trade credit.

(4)Includes accident and health, agriculture, aviation, construction, cyber, energy, marine, satellite and terrorism. Lines of business such as regional multi-line and whole account may have characteristics of various other lines of business, and are allocated accordingly.

14

Underwriting and Reserves
Reserves for Claims and Claim Expenses
			Case Reserves						Additional Case Reserves						IBNR						Total
June 30, 2026
Property			$	1,618,503					$	1,436,824					$	1,972,558					$	5,027,885
Casualty and Specialty			3,769,361						451,036						13,020,852						17,241,249
Total			$	5,387,864					$	1,887,860					$	14,993,410					$	22,269,134
December 31, 2025
Property			$	1,797,427					$	1,679,848					$	2,208,709					$	5,685,984
Casualty and Specialty			3,393,451						327,941						12,894,969						16,616,361
Total			$	5,190,878					$	2,007,789					$	15,103,678					$	22,302,345

15

RenaissanceRe Holdings Ltd.
Underwriting and Reserves
Paid to Incurred Analysis
			Three months ended June 30, 2026																		Three months ended June 30, 2025
			Gross						Recoveries						Net						Gross						Recoveries						Net
Reserve for claims and claim expenses, beginning of period			$	22,291,058					$	3,730,957					$	18,560,101					$	22,857,131					$	4,577,895					$	18,279,236
Incurred claims and claim expenses
Current year			1,318,655						176,852						1,141,803						1,454,999						143,166						1,311,833
Prior years			(72,541)						126,884						(199,425)						(387,891)						(118,181)						(269,710)
Total incurred claims and claim expenses			1,246,114						303,736						942,378						1,067,108						24,985						1,042,123
Paid claims and claim expenses
Current year			78,535						10,652						67,883						214,570						28,327						186,243
Prior years			1,166,092						157,799						1,008,293						1,017,230						306,558						710,672
Total paid claims and claim expenses			1,244,627						168,451						1,076,176						1,231,800						334,885						896,915
Foreign exchange and other (1)			(23,411)						(2,756)						(20,655)						221,324						32,978						188,346
Reserve for claims and claim expenses, end of period			$	22,269,134					$	3,863,486					$	18,405,648					$	22,913,763					$	4,300,973					$	18,612,790
			Six months ended June 30, 2026																		Six months ended June 30, 2025
			Gross						Recoveries						Net						Gross						Recoveries						Net
Reserve for claims and claim expenses, beginning of period			$	22,302,345					$	3,899,913					$	18,402,432					$	21,303,491					$	4,481,390					$	16,822,101
Incurred claims and claim expenses
Current year			2,605,233						317,444						2,287,789						4,910,424						658,959						4,251,465
Prior years			(326,089)						35,351						(361,440)						(738,474)						(272,890)						(465,584)
Total incurred claims and claim expenses			2,279,144						352,795						1,926,349						4,171,950						386,069						3,785,881
Paid claims and claim expenses
Current year			130,678						20,213						110,465						751,322						72,965						678,357
Prior years			2,130,937						346,643						1,784,294						2,101,319						502,615						1,598,704
Total paid claims and claim expenses			2,261,615						366,856						1,894,759						2,852,641						575,580						2,277,061
Foreign exchange and other (1)			(50,740)						(22,366)						(28,374)						290,963						9,094						281,869
Reserve for claims and claim expenses, end of period			$	22,269,134					$	3,863,486					$	18,405,648					$	22,913,763					$	4,300,973					$	18,612,790

(1)    Reflects the impact of the foreign exchange revaluation of the reserve for claims and claim expenses, net of reinsurance recoverable, denominated in non-U.S. dollars as at the balance sheet date, as well as reinsurance transactions accounted for under retroactive reinsurance accounting.

16

Managed Joint Ventures and Fee Income

Fee Income

The table below shows the total fee income earned from third-party capital management activities, including various joint ventures and managed funds, and certain structured reinsurance products.

			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Management fee income			$	48,138					$	56,407					$	96,065					$	102,468
Performance fee income (loss) (1)			34,889						38,550						81,088						22,946
Total fee income			$	83,027					$	94,957					$	177,153					$	125,414

(1)Performance fees are based on the performance of the individual vehicles or products and may be zero or negative in a particular period. For example, large losses could potentially result in no performance fees or the reversal of previously accrued performance fees.

The table below shows how the total fee income described above contributes to the Company’s consolidated results of operations.

			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Fee income contributing to:
Net income (loss) attributable to redeemable noncontrolling interests			$	59,390					$	82,465					$	131,561					$	73,523
Underwriting income (loss) (1)			23,637						12,492						45,592						51,891
Total fee income			$	83,027					$	94,957					$	177,153					$	125,414

(1)Reflects total fee income earned from third-party capital management activities and certain structured reinsurance products recorded through underwriting income (loss) as a decrease (increase) to operational expenses or acquisition expenses.

17

Managed Joint Ventures and Fee Income

Fee Income - Five Quarter Trend

The table below shows the total fee income earned from third-party capital management activities, including various joint ventures and managed funds, and certain structured reinsurance products.

			Three months ended
			June 30, 2026						March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025
Management fee income			$	48,138					$	47,927					$	52,002					$	53,014					$	56,407
Performance fee income (loss) (1)			34,889						46,199						49,626						48,796						38,550
Total fee income			$	83,027					$	94,126					$	101,628					$	101,810					$	94,957

(1)Performance fees are based on the performance of the individual vehicles or products and may be zero or negative in a particular period. For example, large losses could potentially result in no performance fees or the reversal of previously accrued performance fees.

The table below shows how the total fee income described above contributes to the Company’s consolidated results of operations.

			Three months ended
			June 30, 2026						March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025
Fee income contributing to:
Net income (loss) attributable to redeemable noncontrolling interests			$	59,390					$	72,171					$	87,877					$	88,689					$	82,465
Underwriting income (loss) (1)			23,637						21,955						13,751						13,121						12,492
Total fee income			$	83,027					$	94,126					$	101,628					$	101,810					$	94,957

(1)Reflects total fee income earned from third-party capital management activities and certain structured reinsurance products recorded through underwriting income (loss) as a decrease (increase) to operational expenses or acquisition expenses.

18

Managed Joint Ventures and Fee Income

Noncontrolling Interests

The Company consolidates the results of certain of its joint ventures and managed capital vehicles, namely, DaVinciRe Holdings Ltd. (“DaVinci”), RenaissanceRe Medici Fund Ltd. (“Medici”), Vermeer Reinsurance Ltd. (“Vermeer”) and Fontana Holdings L.P. and its subsidiaries (“Fontana”) (collectively, the “Consolidated Managed Joint Ventures”), on its consolidated balance sheets and statements of operations. Redeemable noncontrolling interests on the Company’s consolidated balance sheets represents the portion of the net assets of the Consolidated Managed Joint Ventures attributable to third-party investors in these Consolidated Managed Joint Ventures. Net (income) loss attributable to redeemable noncontrolling interests on the Company’s consolidated statements of operations represents the portion of the (income) loss associated with the Consolidated Managed Joint Ventures included on the Company’s consolidated statements of operations that is allocated to third-party investors in these Consolidated Managed Joint Ventures.

A summary of the redeemable noncontrolling interests on the Company’s consolidated statements of operations is set forth below:

			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Redeemable noncontrolling interests - DaVinci			$	(205,117)					$	(218,453)					$	(362,017)					$	(106,012)
Redeemable noncontrolling interests - Medici			(26,313)						(38,993)						(46,120)						(54,156)
Redeemable noncontrolling interests - Vermeer			(64,783)						(57,425)						(116,482)						49,655
Redeemable noncontrolling interests - Fontana			(19,047)						(13,468)						(13,092)						(22,574)
Net (income) loss attributable to redeemable noncontrolling interests (1)			$	(315,260)					$	(328,339)					$	(537,711)					$	(133,087)

			Three months ended															Six months ended
			June 30, 2026						June 30, 2025									June 30, 2026						June 30, 2025
Operating (income) loss attributable to redeemable noncontrolling interests (2)			$	(349,016)					$	(297,139)								$	(627,534)					$	(61,162)
Non-operating (income) loss attributable to redeemable noncontrolling interests			33,756						(31,200)									89,823						(71,925)
Net (income) loss attributable to redeemable noncontrolling interests (1)			$	(315,260)					$	(328,339)								$	(537,711)					$	(133,087)

(1)A negative number in the tables above represents net income earned by the Consolidated Managed Joint Ventures allocated to third-party investors. Conversely, a positive number represents net losses incurred by the Consolidated Managed Joint Ventures allocated to third-party investors.

(2)See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

19

Managed Joint Ventures and Fee Income

Noncontrolling Interests

A summary of the redeemable noncontrolling interests on the Company’s consolidated balance sheets is set forth below:

			June 30, 2026						December 31, 2025
Redeemable noncontrolling interests - DaVinci			$	3,496,477					$	3,701,637
Redeemable noncontrolling interests - Medici			1,444,350						1,398,166
Redeemable noncontrolling interests - Vermeer			1,888,913						1,922,431
Redeemable noncontrolling interests - Fontana			513,613						579,858
Redeemable noncontrolling interests			$	7,343,353					$	7,602,092

A summary of the redeemable noncontrolling economic ownership of third parties in the Company’s Consolidated Managed Joint Ventures is set forth below:

			June 30, 2026						December 31, 2025
DaVinci			73.7		%				75.7		%
Medici			81.1		%				88.7		%
Vermeer			100.0		%				100.0		%
Fontana			61.6		%				71.3		%

20

Managed Joint Ventures and Fee Income
DaVinciRe Holdings Ltd. and Subsidiary
Consolidated Statements of Operations and Balance Sheet Data
			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Revenues
Gross premiums written			$	540,267					$	606,642					$	1,197,045					$	1,461,507
Net premiums written			$	467,486					$	527,741					$	1,067,675					$	1,329,979
Decrease (increase) in unearned premiums			(173,561)						(219,320)						(464,494)						(561,782)
Net premiums earned			293,925						308,421						603,181						768,197
Net investment income			66,834						68,155						131,951						131,567
Net foreign exchange gains (losses)			(723)						(547)						(2,381)						(2,931)
Net realized and unrealized gains (losses) on investments			(36,581)						13,723						(86,494)						50,211
Total revenues			323,455						389,752						646,257						947,044
Expenses
Net claims and claim expenses incurred			(53,847)						(28,991)						(63,511)						668,280
Acquisition expenses			88,911						88,194						173,453						69,802
Operational expenses			29,511						35,758						61,343						58,251
Corporate expenses			117						205						220						243
Interest expense			4,445						5,185						8,988						8,383
Total expenses			69,137						100,351						180,493						804,959
Income (loss) before taxes			254,318						289,401						465,764						142,085
Income tax benefit (expense)			(707)						(902)						(1,348)						(2,080)
Net income (loss) available (attributable) to DaVinci common shareholders			$	253,611					$	288,499					$	464,416					$	140,005
Net claims and claim expense ratio - current accident year			12.9		%				18.8		%				12.5		%				102.6		%
Net claims and claim expense ratio - prior accident years			(31.2)		%				(28.2)		%				(23.0)		%				(15.6)		%
Net claims and claim expense ratio - calendar year			(18.3)		%				(9.4)		%				(10.5)		%				87.0		%
Underwriting expense ratio			40.3		%				40.2		%				38.9		%				16.7		%
Combined ratio			22.0		%				30.8		%				28.4		%				103.7		%
Balance Sheet Data:			June 30, 2026						December 31, 2025
Total investments			$	5,940,496					$	6,246,947
Total assets			7,540,155						7,225,478
Reserve for claims and claim expenses			1,280,665						1,485,378
Debt			297,134						296,972
Total shareholders’ equity			4,602,785						4,888,369

21

Investments
Total Investment Result
			Managed (1)												Retained (2)
			Three months ended												Three months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Net investment income
Fixed maturity investments trading			$	297,222					$	282,173					$	235,395					$	219,737
Short term investments			32,957						48,415						12,138						24,672
Equity investments
Fixed income exchange traded funds			26,119						6,528						23,197						6,528
Common stock (3)			676						615						676						615
Other investments
Catastrophe bonds			40,095						47,948						6,205						6,988
Fund and direct private equity investments (3)			33,333						21,692						33,636						21,692
Cash and cash equivalents			9,420						12,333						8,879						11,045
			439,822						419,704						320,126						291,277
Investment expenses			(7,333)						(6,596)						(5,784)						(5,205)
Net investment income			$	432,489					$	413,108					$	314,342					$	286,072
Equity in earnings (losses) of other ventures (4)			$	17,829					$	20,333					$	17,829					$	20,333
Net realized and unrealized gains (losses) on investments (5)
Fixed maturity-related investments (6)			$	(115,341)					$	149,510					$	(85,392)					$	130,497
Equity-related investments (7)			217,292						111,118						217,908						111,146
Commodity-related investments (8)			(79,131)						33,253						(79,131)						33,254
Other investments
Catastrophe bonds			(1,125)						(14,016)						829						(1,730)
Fund and direct private equity investments (3)			99,933						69,855						99,317						69,855
Net realized and unrealized gains (losses) on investments			$	121,628					$	349,720					$	153,531					$	343,022
Total investment result (4)			$	571,946					$	783,161					$	485,702					$	649,427
Average invested assets			$	35,692,318					$	34,044,766					$	26,224,468					$	24,554,890
Net investment income return - annualized			5.0		%				5.0		%				4.9		%				4.7		%
Total investment return - annualized (4)			6.6		%				9.6		%				7.6		%				11.0		%

(1)“Managed” represents the consolidated total investment result, which is comprised of net investment income, equity in earnings (losses) of other ventures and net realized and unrealized gains (losses) on investments as presented on the Company’s consolidated statements of operations.

(2)“Retained” represents the consolidated total investment result, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

(3)In the fourth quarter of 2025, the Company revised the description of its “other equity investments” to “common stock” and its “other investments - other” to “other investments - fund and direct private equity investments.”

(4)In the fourth quarter of 2025, the Company revised its presentation of “total investment result” and “total investment return - annualized” to include equity in earnings (losses) of other ventures. Comparative information for the prior periods presented has been updated to conform to the current presentation.

(5)In the fourth quarter of 2025, the Company revised its presentation of “net realized and unrealized gains (losses) on investments” to show amounts based on net investment exposure, which takes into account related derivative impacts. Comparative information for the prior periods has been updated to conform to the current presentation.

(6)Includes fixed maturity investments and investment-related derivatives, which includes interest rate futures, credit default swaps and interest rate swaps.

(7)Includes equity investments and investment-related derivatives, which includes equity futures and warrants.

(8)Includes commodity-related derivatives, which includes commodity futures and commodity options.

22

Investments
Total Investment Result
			Managed (1)												Retained (2)
			Six months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Net investment income
Fixed maturity investments trading			$	591,716					$	566,896					$	468,036					$	446,565
Short term investments			67,263						89,444						25,822						42,585
Equity investments
Fixed income exchange traded funds			47,811						7,712						44,889						7,712
Common stock (3)			1,353						1,341						1,353						1,337
Other investments
Catastrophe bonds			80,027						102,702						11,493						15,885
Fund and direct private equity investments (3)			58,544						40,415						58,755						40,415
Cash and cash equivalents			20,583						23,443						19,269						21,315
			867,297						831,953						629,617						575,814
Investment expenses			(14,306)						(13,492)						(11,131)						(10,636)
Net investment income			$	852,991					$	818,461					$	618,486					$	565,178
Equity in earnings (losses) of other ventures (4)			$	38,314					$	38,161					$	38,314					$	38,161
Net realized and unrealized gains (losses) on investments (5)
Fixed maturity-related investments (6)			$	(383,289)					$	462,387					$	(301,155)					$	405,251
Equity-related investments (7)			69,866						61,529						71,486						61,430
Commodity-related investments (8)			(13,821)						150,844						(13,821)						150,845
Other investments
Catastrophe bonds			(12,954)						(54,429)						361						(8,521)
Fund and direct private equity investments (3)			39,913						62,329						39,906						62,329
Net realized and unrealized gains (losses) on investments			$	(300,285)					$	682,660					$	(203,223)					$	671,334
Total investment result (4)			$	591,020					$	1,539,282					$	453,577					$	1,274,673
Average invested assets			$	35,819,281					$	33,576,329					$	26,134,807					$	24,166,665
Net investment income return - annualized			4.9		%				5.0		%				4.8		%				4.7		%
Total investment return - annualized (4)			3.4		%				9.5		%				3.5		%				10.8		%

(1)“Managed” represents the consolidated total investment result, which is comprised of net investment income, equity in earnings (losses) of other ventures and net realized and unrealized gains (losses) on investments as presented on the Company’s consolidated statements of operations.

(2)“Retained” represents the consolidated total investment result, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

(3)In the fourth quarter of 2025, the Company revised the description of its “other equity investments” to “common stock” and its “other investments - other” to “other investments - fund and direct private equity investments.”

(4)In the fourth quarter of 2025, the Company revised its presentation of “total investment result” and “total investment return - annualized” to include equity in earnings (losses) of other ventures. Comparative information for the prior periods presented has been updated to conform to the current presentation.

(5)In the fourth quarter of 2025, the Company revised its presentation of “net realized and unrealized gains (losses) on investments” to show amounts based on net investment exposure, which takes into account related derivative impacts. Comparative information for the prior periods has been updated to conform to the current presentation.

(6)Includes fixed maturity investments and investment-related derivatives, which includes interest rate futures, credit default swaps and interest rate swaps.

(7)Includes equity investments and investment-related derivatives, which includes equity futures and warrants.

(8)Includes commodity-related derivatives, which includes commodity futures and commodity options.

23

Investments

Investments Composition

			June 30, 2026																								December 31, 2025
			Managed (1)												Retained (2)												Managed (1)												Retained (2)
			Fair Value						Unrealized Gain (Loss)						Fair Value						Unrealized Gain (Loss)						Fair Value						Unrealized Gain (Loss)						Fair Value						Unrealized Gain (Loss)
Fixed maturity investments trading, at fair value
Corporate			$	9,916,723					$	(35,129)					$	8,092,112					$	(39,093)					$	8,528,828					$	75,453					$	6,654,252					$	49,673
U.S. treasuries			9,308,212						(22,850)						6,659,009						(16,892)						10,641,503						134,072						7,651,734						101,770
Other (3)			5,960,495						(38,127)						5,072,627						(28,963)						5,713,992						16,447						4,787,279						18,137
Total fixed maturity investments trading, at fair value			25,185,430						(96,106)						19,823,748						(84,948)						24,884,323						225,972						19,093,265						169,580
Short term investments, at fair value			3,949,012						(3,768)						1,306,844						(3,697)						4,759,811						(216)						1,831,823						(10)
Equity investments, at fair value
Fixed income exchange traded funds			1,603,299						(20,791)						1,433,543						(19,316)						1,582,811						26,827						1,582,811						26,827
Equity exchange traded funds			102,273						(12,747)						102,273						(12,747)						—						—						—						—
Common stock			140,580						93,534						140,119						93,773						150,179						95,243						146,514						95,056
Total equity investments, at fair value			1,846,152						59,996						1,675,935						61,710						1,732,990						122,070						1,729,325						121,883
Other investments, at fair value
Catastrophe bonds			1,772,044						6,906						331,529						1,292						1,613,710						25,617						231,893						1,445
Fund investments			3,156,249						462,703						3,133,115						463,129						2,775,499						381,941						2,762,301						382,200
Direct private equity investments			154,876						41,481						154,876						41,481						185,005						71,612						185,005						71,612
Total other investments, at fair value			5,083,169						511,090						3,619,520						505,902						4,574,214						479,170						3,179,199						455,257
Investments in other ventures, under equity method			149,337						—						149,337						—						121,871						—						121,871						—
Total investments			$	36,213,100					$	471,212					$	26,575,384					$	478,967					$	36,073,209					$	826,996					$	25,955,483					$	746,710

			June 30, 2026												December 31, 2025
			Managed (1)						Retained (2)						Managed (1)						Retained (2)
Weighted average yield to maturity of investments (4)			5.3		%				5.3		%				4.8		%				4.8		%
Average duration of investments, in years (4)			3.0						3.5						2.6						3.0
Unrealized gain (loss) on total fixed maturity investments trading, at fair value, per common share (5)									$	(2.03)											$	3.86

(1)“Managed” represents the consolidated total investments as presented on the Company’s consolidated balance sheets.

(2)“Retained” represents the consolidated total investments, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

(3)Includes agencies, non-U.S. government, residential mortgage-backed, commercial mortgage-backed and asset-backed securities within the Company’s fixed maturity investments trading portfolio.

(4)Excludes equity exchange traded funds, common stock, direct private equity investments, private equity funds, multi-strategy funds, equity funds and investments in other ventures, under equity method as these investments have no final maturity, yield to maturity or duration.

(5)Represents the impact to book value per common share of the unrealized gain (loss) on total fixed maturity investments trading, at fair value. See “Comments on Non-GAAP Financial Measures” for reconciliation of non-GAAP financial measures.

24

Investments
Managed Investments - Credit Rating (1)
									Credit Rating (2)																																				Investments Not Subject to Credit Ratings
June 30, 2026			Fair Value						AAA						AA						A						BBB						Non- Investment Grade						Not Rated
Fixed maturity investments trading, at fair value
Corporate			$	9,916,723					$	81,588					$	393,526					$	4,098,024					$	4,488,306					$	847,153					$	8,126					$	—
U.S. treasuries			9,308,212						—						9,308,212						—						—						—						—						—
Residential mortgage-backed			2,690,648						146,373						2,415,568						360						2,993						59,412						65,942						—
Asset-backed			1,688,500						1,130,514						206,871						228,261						112,185						—						10,669						—
Non-U.S. government			683,983						405,955						158,479						106,555						11,558						1,436						—						—
Agencies			560,030						—						560,030						—						—						—						—						—
Commercial mortgage-backed			337,334						275,237						60,344						1,678						—						—						75						—
Total fixed maturity investments trading, at fair value			25,185,430						2,039,667						13,103,030						4,434,878						4,615,042						908,001						84,812						—
Short term investments, at fair value			3,949,012						2,806,516						1,139,584						682						313						1,851						66						—
Equity investments, at fair value
Fixed income exchange traded funds (3)			1,603,299						—						—						224,365						—						1,378,934						—						—
Common stock and equity exchange traded funds			242,853						—						—						—						—						—						—						242,853
Total equity investments, at fair value			1,846,152						—						—						224,365						—						1,378,934						—						242,853
Other investments, at fair value
Catastrophe bonds			1,772,044						—						—						—						—						1,772,044						—						—
Fund investments
Private credit funds			1,531,757						—						—						—						—						—						—						1,531,757
Private equity funds			793,136						—						—						—						—						—						—						793,136
Multi-strategy funds (4)			593,071						—						—						—						—						—						—						593,071
Insurance-linked securities funds			162,192						—						—						—						—						—						—						162,192
Equity funds			76,093						—						—						—						—						—						—						76,093
Direct private equity investments			154,876						—						—						—						—						—						—						154,876
Total other investments, at fair value			5,083,169						—						—						—						—						1,772,044						—						3,311,125
Investments in other ventures, under equity method			149,337						—						—						—						—						—						—						149,337
Total investments			$	36,213,100					$	4,846,183					$	14,242,614					$	4,659,925					$	4,615,355					$	4,060,830					$	84,878					$	3,703,315
			100.0		%				13.5		%				39.3		%				12.9		%				12.7		%				11.2		%				0.2		%				10.2		%

(1)“Managed” represents the consolidated total investments as presented on the Company’s consolidated balance sheets.

(2)The credit ratings included in this table are those assigned by Standard & Poor’s Corporation (“S&P”). When ratings provided by S&P were not available, ratings from other recognized rating agencies were used. The Company has grouped short term investments with an A-1+ and A-1 short term issue credit rating as AAA, short term investments with an A-2 short term issue credit rating as AA and short term investments with an A-3 short term issue credit rating as A.

(3)The fixed income exchange traded funds credit ratings included in this table are based on the weighted average credit rating of the underlying investments held by the exchange traded fund.

(4)In the first quarter of 2026, the Company revised the classification of its “fund investments - hedge funds” to be included within “fund investments - multi-strategy funds.”

25

Investments
Retained Investments - Credit Rating (1)
									Credit Rating (2)																																				Investments Not Subject to Credit Ratings
June 30, 2026			Fair Value						AAA						AA						A						BBB						Non- Investment Grade						Not Rated
Fixed maturity investments trading, at fair value
Corporate			$	8,092,112					$	62,939					$	341,022					$	3,413,242					$	3,644,696					$	622,633					$	7,580					$	—
U.S. treasuries			6,659,009						—						6,659,009						—						—						—						—						—
Residential mortgage-backed			2,221,657						123,720						1,969,230						360						2,993						59,412						65,942						—
Asset-backed			1,552,233						1,061,203						203,158						176,820						101,543						—						9,509						—
Non-U.S. government			569,635						334,972						133,772						87,897						11,558						1,436						—						—
Agencies			447,466						—						447,466						—						—						—						—						—
Commercial mortgage-backed			281,636						242,945						37,859						757						—						—						75						—
Total fixed maturity investments trading, at fair value			19,823,748						1,825,779						9,791,516						3,679,076						3,760,790						683,481						83,106						—
Short term investments, at fair value			1,306,844						743,789						560,376						682						241						1,706						50						—
Equity investments, at fair value
Fixed income exchange traded funds (3)			1,433,543						—						—						224,365						—						1,209,178						—						—
Common stock and equity exchange traded funds			242,392						—						—						—						—						—						—						242,392
Total equity investments, at fair value			1,675,935						—						—						224,365						—						1,209,178						—						242,392
Other investments, at fair value
Catastrophe bonds			331,529						—						—						—						—						331,529						—						—
Fund investments
Private credit funds			1,508,623						—						—						—						—						—						—						1,508,623
Private equity funds			793,136						—						—						—						—						—						—						793,136
Multi-strategy funds (4)			593,071						—						—						—						—						—						—						593,071
Insurance-linked securities funds			162,192						—						—						—						—						—						—						162,192
Equity funds			76,093						—						—						—						—						—						—						76,093
Direct private equity investments			154,876						—						—						—						—						—						—						154,876
Total other investments, at fair value			3,619,520						—						—						—						—						331,529						—						3,287,991
Investments in other ventures, under equity method			149,337						—						—						—						—						—						—						149,337
Total investments			$	26,575,384					$	2,569,568					$	10,351,892					$	3,904,123					$	3,761,031					$	2,225,894					$	83,156					$	3,679,720
			100.0		%				9.6		%				39.0		%				14.7		%				14.2		%				8.4		%				0.3		%				13.8		%

(1)“Retained” represents the consolidated total investments, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. See “Comments on Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.

(2)The credit ratings included in this table are those assigned by Standard & Poor’s Corporation (“S&P”). When ratings provided by S&P were not available, ratings from other recognized rating agencies were used. The Company has grouped short term investments with an A-1+ and A-1 short term issue credit rating as AAA, short term investments with an A-2 short term issue credit rating as AA and short term investments with an A-3 short term issue credit rating as A.

(3)The fixed income exchange traded funds credit ratings included in this table are based on the weighted average credit rating of the underlying investments held by the exchange traded fund.

(4)In the first quarter of 2026, the Company revised the classification of its “fund investments - hedge funds” to be included within “fund investments - multi-strategy funds.”

26

Other Items
Earnings per Share
			Three months ended												Six months ended
(common shares in thousands)			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Numerator:
Net income (loss) available (attributable) to RenaissanceRe common shareholders			$	654,234					$	826,507					$	938,769					$	987,654
Amount allocated to participating common shareholders (1)			(11,065)						(13,344)						(15,411)						(15,269)
Net income (loss) allocated to RenaissanceRe common shareholders			$	643,169					$	813,163					$	923,358					$	972,385
Denominator:
Denominator for basic income (loss) per RenaissanceRe common share - weighted average common shares (2)			41,379						47,140						41,906						47,737
Per common share equivalents of non-vested shares (2)			166						146						180						163
Denominator for diluted income (loss) per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions (2)			41,545						47,286						42,086						47,900
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - basic			$	15.54					$	17.25					$	22.03					$	20.37
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted			$	15.48					$	17.20					$	21.94					$	20.30

(1)Represents earnings and dividends attributable to holders of unvested shares issued pursuant to the Company’s stock compensation plans.

(2)In periods for which the Company has net loss allocated to RenaissanceRe common shareholders, the denominator used in calculating net loss attributable to RenaissanceRe common shareholders per common share - basic is also used in calculating net loss attributable to RenaissanceRe common shareholders per common share - diluted.

27

Comments on Non-GAAP Financial Measures

In addition to the GAAP financial measures set forth in this Financial Supplement, the Company has included certain non-GAAP financial measures within the meaning of Regulation G. The Company has provided certain of these financial measures in previous investor communications and the Company’s management believes that such measures are important to investors and other interested persons, and that investors and such other persons benefit from having a consistent basis for comparison between quarters and for comparison with other companies within or outside the industry. These measures may not, however, be comparable to similarly titled measures used by companies within or outside of the insurance industry. Investors are cautioned not to place undue reliance on these non-GAAP measures in assessing the Company’s overall financial performance.

28

Comments on Non-GAAP Financial Measures

Operating Income (Loss) Available (Attributable) to RenaissanceRe Common Shareholders, Operating Income (Loss) Available (Attributable) to RenaissanceRe Common Shareholders per Common Share – Diluted and Operating Return on Average Common Equity - Annualized

The Company uses “operating income (loss) available (attributable) to RenaissanceRe common shareholders” as a measure to evaluate the underlying fundamentals of its operations and believes it to be a useful measure of its corporate performance. “Operating income (loss) available (attributable) to RenaissanceRe common shareholders” as used herein differs from “net income (loss) available (attributable) to RenaissanceRe common shareholders,” which the Company believes is the most directly comparable GAAP measure, by the exclusion of (1) net realized and unrealized gains and losses on investments, excluding other investments - catastrophe bonds, (2) net foreign exchange gains and losses, (3) expenses or revenues associated with acquisitions, dispositions and impairments, (4) acquisition related purchase accounting adjustments, (5) the Bermuda net deferred tax benefit recorded prior to the January 1, 2025 effective date of the Bermuda corporate income tax and the Bermuda deferred tax benefit resulting from Bermuda law changes enacted in 2025, (6) the income tax expense or benefit associated with these adjustments, and (7) the portion of these adjustments attributable to the Company’s redeemable noncontrolling interests. The Company also uses “operating income (loss) available (attributable) to RenaissanceRe common shareholders” to calculate “operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted” and “operating return on average common equity - annualized.”

The Company’s management believes that “operating income (loss) available (attributable) to RenaissanceRe common shareholders,” “operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted” and “operating return on average common equity - annualized” are useful to management and investors because they provide for better comparability and more accurately measure the Company’s results of operations and remove variability. Additionally, management believes that these measures provide a view of the Company’s underlying business that allows for better comparisons of the Company’s performance over time by focusing on the Company’s core business operations.

The following table is a reconciliation of: (1) net income (loss) available (attributable) to RenaissanceRe common shareholders to “operating income (loss) available (attributable) to RenaissanceRe common shareholders”; (2) net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted to “operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted”; and (3) return on average common equity - annualized to “operating return on average common equity - annualized.”

29

Comments on Non-GAAP Financial Measures

			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Net income (loss) available (attributable) to RenaissanceRe common shareholders			$	654,234					$	826,507					$	938,769					$	987,654
Adjustment for:
Net realized and unrealized losses (gains) on investments, excluding other investments - catastrophe bonds			(122,753)						(363,736)						287,331						(737,089)
Net foreign exchange losses (gains)			7,345						(8,660)						16,364						(1,332)
Expenses (revenues) associated with acquisitions, dispositions and impairments			—						1,996						3						3,432
Acquisition related purchase accounting adjustments (1)			22,707						50,312						45,413						103,883
Bermuda net deferred tax asset (2)			—						—						—						—
Income tax expense (benefit) (3)			19,984						56,964						(59,759)						96,356
Net income (loss) attributable to redeemable noncontrolling interests (4)			(33,756)						31,200						(89,823)						71,925
Operating income (loss) available (attributable) to RenaissanceRe common shareholders			$	547,761					$	594,583					$	1,138,298					$	524,829
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted			$	15.48					$	17.20					$	21.94					$	20.30
Adjustment for:
Net realized and unrealized losses (gains) on investments, excluding other investments - catastrophe bonds			(2.95)						(7.69)						6.83						(15.39)
Net foreign exchange losses (gains)			0.18						(0.18)						0.39						(0.03)
Expenses (revenues) associated with acquisitions, dispositions and impairments			—						0.04						—						0.08
Acquisition related purchase accounting adjustments (1)			0.55						1.06						1.08						2.17
Bermuda net deferred tax asset (2)			—						—						—						—
Income tax expense (benefit) (3)			0.47						1.20						(1.43)						2.01
Net income (loss) attributable to redeemable noncontrolling interests (4)			(0.81)						0.66						(2.13)						1.50
Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted			$	12.92					$	12.29					$	26.68					$	10.64
Return on average common equity - annualized			24.0		%				33.7		%				17.2		%				20.1		%
Adjustment for:
Net realized and unrealized losses (gains) on investments, excluding other investments - catastrophe bonds			(4.5)		%				(14.8)		%				5.3		%				(15.0)		%
Net foreign exchange losses (gains)			0.3		%				(0.4)		%				0.3		%				—		%
Expenses (revenues) associated with acquisitions, dispositions and impairments			—		%				0.1		%				—		%				—		%
Acquisition related purchase accounting adjustments (1)			0.8		%				2.0		%				0.8		%				2.1		%
Bermuda net deferred tax asset (2)			—		%				—		%				—		%				—		%
Income tax expense (benefit) (3)			0.7		%				2.3		%				(1.1)		%				2.0		%
Net income (loss) attributable to redeemable noncontrolling interests (4)			(1.2)		%				1.3		%				(1.6)		%				1.5		%
Operating return on average common equity - annualized			20.1		%				24.2		%				20.9		%				10.7		%

(1)Represents the purchase accounting adjustments related to the amortization of acquisition related intangible assets, amortization (accretion) of value of business acquired (“VOBA”) and acquisition costs, and the fair value adjustments to the net reserves for claims and claim expenses for the three and six months ended June 30, 2026 for the acquisitions of Validus of $21.0 million and $41.9 million (2025 - $48.0 million and $98.7 million); and TMR and Platinum of $1.8 million and $3.5 million (2025 - $2.4 million and $5.2 million).

(2)Represents the net deferred tax benefit related to the 15% Bermuda corporate income tax recorded prior to the January 1, 2025 effective date and the deferred tax benefit related to Bermuda law changes enacted in 2025.

(3)Represents the income tax expense or benefit associated with the adjustments to net income (loss) available (attributable) to RenaissanceRe common shareholders. The income tax impact is estimated by applying the statutory income tax rates of applicable jurisdictions, adjusted for relevant factors and other applicable income taxes.

(4)Represents the portion of the adjustments above that are attributable to the Company’s redeemable noncontrolling interests, including the income tax impact of those adjustments.

30

Comments on Non-GAAP Financial Measures

Tangible Book Value Per Common Share and Tangible Book Value Per Common Share Plus Accumulated Dividends

The Company has included in this Financial Supplement “tangible book value per common share” and “tangible book value per common share plus accumulated dividends.” “Tangible book value per common share” is defined as book value per common share excluding per share amounts for (1) acquisition related goodwill and other intangible assets, (2) other goodwill and intangible assets, and (3) acquisition related purchase accounting adjustments. “Tangible book value per common share plus accumulated dividends” is defined as book value per common share excluding per share amounts for (1) acquisition related goodwill and other intangible assets, (2) other goodwill and intangible assets, and (3) acquisition related purchase accounting adjustments, plus accumulated dividends.

The Company’s management believes “tangible book value per common share” and “tangible book value per common share plus accumulated dividends” are useful to investors because they provide a more accurate measure of the realizable value of shareholder returns by excluding the impact of goodwill and intangible assets and acquisition related purchase accounting adjustments to provide for better comparability and a more accurate measure of the Company’s underlying operations. The following table is a reconciliation of book value per common share to “tangible book value per common share” and “tangible book value per common share plus accumulated dividends.”

			June 30, 2026						December 31, 2025
Book value per common share			$	264.77					$	247.00
Adjustment for:
Acquisition related goodwill and other intangible assets (1)			(14.41)						(14.40)
Other goodwill and intangible assets (2)			(0.22)						(0.21)
Acquisition related purchase accounting adjustments (3)			(2.48)						(2.29)
Tangible book value per common share			247.66						230.10
Adjustment for accumulated dividends			30.50						29.68
Tangible book value per common share plus accumulated dividends			$	278.16					$	259.78
Year to date change in book value per common share			7.2		%				26.2		%
Year to date change in book value per common share plus change in accumulated dividends			7.5		%				27.0		%
Year to date change in tangible book value per common share plus change in accumulated dividends			8.0		%				30.8		%

(1)Represents the acquired goodwill and other intangible assets at June 30, 2026 of $602.4 million (December 31, 2025 - $633.1 million) for the acquisitions of Validus, TMR and Platinum of $377.9 million, $24.5 million and $200.1 million, respectively (December 31, 2025 - $408.0 million, $25.0 million and $200.1 million, respectively).

(2)At June 30, 2026, the adjustment for other goodwill and intangible assets included $8.9 million (December 31, 2025 - $8.9 million) of goodwill and other intangibles included in investments in other ventures, under equity method.

(3)Represents the purchase accounting adjustments related to the fair value adjustments to reserves at June 30, 2026 for the acquisitions of Validus, TMR and Platinum of $63.7 million, $40.7 million and $(0.5) million, respectively (December 31, 2025 - $57.7 million, $43.6 million and $(0.5) million, respectively).

31

Comments on Non-GAAP Financial Measures

Adjusted Combined Ratio

The Company has included in this Financial Supplement “adjusted combined ratio” for the Company, its reportable segments and certain classes of business. “Adjusted combined ratio” is defined as the combined ratio adjusted for the impact of acquisition related purchase accounting, which includes the amortization of acquisition related intangible assets, purchase accounting adjustments related to the amortization (accretion) of VOBA and acquisition costs, and the fair value adjustments to the net reserve for claims and claim expenses for the acquisitions of Validus, TMR and Platinum. The combined ratio is calculated as the sum of (1) net claims and claim expenses incurred, (2) acquisition expenses, and (3) operational expenses; divided by net premiums earned. The acquisition related purchase accounting adjustments impact net claims and claim expenses incurred and acquisition expenses. The Company’s management believes “adjusted combined ratio” is useful to management and investors because it provides for better comparability and more accurately measures the Company’s underlying underwriting performance. The following table is a reconciliation of combined ratio to “adjusted combined ratio.”

			Three months ended June 30, 2026
			Catastrophe						Other Property						Property						Casualty and Specialty						Total
Combined ratio			10.2		%				52.2		%				27.1		%				103.3		%				72.8		%
Adjustment for acquisition related purchase accounting adjustments (1)			(1.4)		%				(0.7)		%				(1.1)		%				(1.0)		%				(1.1)		%
Adjusted combined ratio			8.8		%				51.5		%				26.0		%				102.3		%				71.7		%
			Three months ended March 31, 2026
			Catastrophe						Other Property						Property						Casualty and Specialty						Total
Combined ratio			20.4		%				56.8		%				34.1		%				100.4		%				73.0		%
Adjustment for acquisition related purchase accounting adjustments (1)			(1.2)		%				(0.7)		%				(1.1)		%				(1.0)		%				(1.0)		%
Adjusted combined ratio			19.2		%				56.1		%				33.0		%				99.4		%				72.0		%
			Three months ended December 31, 2025
			Catastrophe						Other Property						Property						Casualty and Specialty						Total
Combined ratio			(9.3)		%				70.6		%				21.8		%				103.5		%				71.4		%
Adjustment for acquisition related purchase accounting adjustments (1)			(1.7)		%				(0.9)		%				(1.4)		%				(1.2)		%				(1.4)		%
Adjusted combined ratio			(11.0)		%				69.7		%				20.4		%				102.3		%				70.0		%
			Three months ended September 30, 2025
			Catastrophe						Other Property						Property						Casualty and Specialty						Total
Combined ratio			(6.0)		%				45.0		%				15.5		%				101.4		%				68.4		%
Adjustment for acquisition related purchase accounting adjustments (1)			(1.6)		%				(0.8)		%				(1.3)		%				(2.1)		%				(1.8)		%
Adjusted combined ratio			(7.6)		%				44.2		%				14.2		%				99.3		%				66.6		%
			Three months ended June 30, 2025
			Catastrophe						Other Property						Property						Casualty and Specialty						Total
Combined ratio			18.2		%				43.7		%				27.4		%				101.8		%				75.1		%
Adjustment for acquisition related purchase accounting adjustments (1)			(1.8)		%				(1.2)		%				(1.6)		%				(2.3)		%				(2.1)		%
Adjusted combined ratio			16.4		%				42.5		%				25.8		%				99.5		%				73.0		%

(1)Adjustment for acquisition related purchase accounting includes the amortization of the acquisition related intangible assets and purchase accounting adjustments related to the net amortization (accretion) of VOBA and acquisition costs, and the fair value adjustments to the net reserve for claims and claim expenses for the acquisitions of Validus, TMR and Platinum.

32

Comments on Non-GAAP Financial Measures

Adjusted Combined Ratio

			Six months ended June 30, 2026
			Catastrophe						Other Property						Property						Casualty and Specialty						Total
Combined ratio			15.4		%				54.5		%				30.6		%				101.9		%				72.9		%
Adjustment for acquisition related purchase accounting adjustments (1)			(1.2)		%				(0.7)		%				(1.0)		%				(1.1)		%				(1.0)		%
Adjusted combined ratio			14.2		%				53.8		%				29.6		%				100.8		%				71.9		%
			Six months ended June 30, 2025
			Catastrophe						Other Property						Property						Casualty and Specialty						Total
Combined ratio			114.9		%				65.2		%				98.9		%				106.4		%				103.3		%
Adjustment for acquisition related purchase accounting adjustments (1)			(1.7)		%				(1.4)		%				(1.6)		%				(2.4)		%				(2.0)		%
Adjusted combined ratio			113.2		%				63.8		%				97.3		%				104.0		%				101.3		%

(1)Adjustment for acquisition related purchase accounting includes the amortization of the acquisition related intangible assets and purchase accounting adjustments related to the net amortization (accretion) of VOBA and acquisition costs, and the fair value adjustments to the net reserve for claims and claim expenses for the acquisitions of Validus, TMR and Platinum.

33

Comments on Non-GAAP Financial Measures

Retained Total Investment Result

The Company has included in this Financial Supplement “retained total investment result.” “Retained total investment result” is defined as the consolidated total investment result less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. “Retained total investment result” differs from consolidated total investment result, which the Company believes is the most directly comparable GAAP measure, due to the exclusion of the portions of the consolidated total investment result attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. The Company’s management believes “retained total investment result” is useful to investors because it provides a measure of the portion of the Company’s investment result that impacts net income (loss) available (attributable) to RenaissanceRe common shareholders and provides for a better understanding of the investment risk profile and returns that ultimately affect the Company and influence returns. The following table is a reconciliation of consolidated total investment result to “retained total investment result.”

			Three months ended June 30, 2026																		Three months ended June 30, 2025
			Managed (1)						Adjustment (2)						Retained (3)						Managed (1)						Adjustment (2)						Retained (3)
Net investment income
Fixed maturity investments trading			$	297,222					$	(61,827)					$	235,395					$	282,173					$	(62,436)					$	219,737
Short term investments			32,957						(20,819)						12,138						48,415						(23,743)						24,672
Equity investments
Fixed income exchange traded funds			26,119						(2,922)						23,197						6,528						—						6,528
Common stock (4)			676						—						676						615						—						615
Other investments
Catastrophe bonds			40,095						(33,890)						6,205						47,948						(40,960)						6,988
Fund and direct private equity investments (4)			33,333						303						33,636						21,692						—						21,692
Cash and cash equivalents			9,420						(541)						8,879						12,333						(1,288)						11,045
			439,822						(119,696)						320,126						419,704						(128,427)						291,277
Investment expenses			(7,333)						1,549						(5,784)						(6,596)						1,391						(5,205)
Net investment income			$	432,489					$	(118,147)					$	314,342					$	413,108					$	(127,036)					$	286,072
Equity in earnings (losses) of other ventures (5)			$	17,829					$	—					$	17,829					$	20,333					$	—					$	20,333
Net realized and unrealized gains (losses) on investments (6)
Fixed maturity-related investments (7)			$	(115,341)					$	29,949					$	(85,392)					$	149,510					$	(19,013)					$	130,497
Equity-related investments (8)			217,292						616						217,908						111,118						28						111,146
Commodity-related investments (9)			(79,131)						—						(79,131)						33,253						1						33,254
Other investments
Catastrophe bonds			(1,125)						1,954						829						(14,016)						12,286						(1,730)
Fund and direct private equity investments (4)			99,933						(616)						99,317						69,855						—						69,855
Net realized and unrealized gains (losses) on investments			$	121,628					$	31,903					$	153,531					$	349,720					$	(6,698)					$	343,022
Total investment result (5)			$	571,946					$	(86,244)					$	485,702					$	783,161					$	(133,734)					$	649,427
Average invested assets			$	35,692,318					$	(9,467,850)					$	26,224,468					$	34,044,766					$	(9,489,876)					$	24,554,890
Net investment income return - annualized			5.0		%				(0.1)		%				4.9		%				5.0		%				(0.3)		%				4.7		%
Total investment return - annualized (5)			6.6		%				1.0		%				7.6		%				9.6		%				1.4		%				11.0		%

(1)“Managed” represents the consolidated total investment result, which is comprised of net investment income, equity in earnings (losses) of other ventures and net realized and unrealized gains (losses) on investments as presented on the Company’s consolidated statements of operations.

(2)Adjustment for the portions of the consolidated total investment result attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds.

(3)“Retained” represents the consolidated total investment result, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds.

(4)In the fourth quarter of 2025, the Company revised the description of its “other equity investments” to “common stock” and its “other investments - other” to “other investments - fund and direct private equity investments.”

(5)In the fourth quarter of 2025, the Company revised its presentation of “total investment result” and “total investment return - annualized” to include equity in earnings (losses) of other ventures. Comparative information for the prior periods presented has been updated to conform to the current presentation.

(6)In the fourth quarter of 2025, the Company revised its presentation of “net realized and unrealized gains (losses) on investments” to show amounts based on net investment exposure, which takes into account related derivative impacts. Comparative information for the prior periods has been updated to conform to the current presentation.

(7)Includes fixed maturity investments and investment-related derivatives, which includes interest rate futures, credit default swaps and interest rate swaps.

(8)Includes equity investments and investment-related derivatives, which includes equity futures and warrants.

(9)Includes commodity-related derivatives, which includes commodity futures and commodity options.

34

Comments on Non-GAAP Financial Measures

Retained Total Investment Result

			Six months ended June 30, 2026																		Six months ended June 30, 2025
			Managed (1)						Adjustment (2)						Retained (3)						Managed (1)						Adjustment (2)						Retained (3)
Net investment income
Fixed maturity investments trading			$	591,716					$	(123,680)					$	468,036					$	566,896					$	(120,331)					$	446,565
Short term investments			67,263						(41,441)						25,822						89,444						(46,859)						42,585
Equity investments
Fixed income exchange traded funds			47,811						(2,922)						44,889						7,712						—						7,712
Common stock (4)			1,353						—						1,353						1,341						(4)						1,337
Other investments
Catastrophe bonds			80,027						(68,534)						11,493						102,702						(86,817)						15,885
Fund and direct private equity investments (4)			58,544						211						58,755						40,415						—						40,415
Cash and cash equivalents			20,583						(1,314)						19,269						23,443						(2,128)						21,315
			867,297						(237,680)						629,617						831,953						(256,139)						575,814
Investment expenses			(14,306)						3,175						(11,131)						(13,492)						2,856						(10,636)
Net investment income			$	852,991					$	(234,505)					$	618,486					$	818,461					$	(253,283)					$	565,178
Equity in earnings (losses) of other ventures (5)			$	38,314					$	—					$	38,314					$	38,161					$	—					$	38,161
Net realized and unrealized gains (losses) on investments (6)
Fixed maturity-related investments (7)			$	(383,289)					$	82,134					$	(301,155)					$	462,387					$	(57,136)					$	405,251
Equity-related investments (8)			69,866						1,620						71,486						61,529						(99)						61,430
Commodity-related investments (9)			(13,821)						—						(13,821)						150,844						1						150,845
Other investments
Catastrophe bonds			(12,954)						13,315						361						(54,429)						45,908						(8,521)
Fund and direct private equity investments (4)			39,913						(7)						39,906						62,329						—						62,329
Net realized and unrealized gains (losses) on investments			$	(300,285)					$	97,062					$	(203,223)					$	682,660					$	(11,326)					$	671,334
Total investment result (5)			$	591,020					$	(137,443)					$	453,577					$	1,539,282					$	(264,609)					$	1,274,673
Average invested assets			$	35,819,281					$	(9,684,474)					$	26,134,807					$	33,576,329					$	(9,409,664)					$	24,166,665
Net investment income return - annualized			4.9		%				(0.1)		%				4.8		%				5.0		%				(0.3)		%				4.7		%
Total investment return - annualized (5)			3.4		%				0.1		%				3.5		%				9.5		%				1.3		%				10.8		%

(1)“Managed” represents the consolidated total investment result, which is comprised of net investment income, equity in earnings (losses) of other ventures and net realized and unrealized gains (losses) on investments as presented on the Company’s consolidated statements of operations.

(2)Adjustment for the portions of the consolidated total investment result attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds.

(3)“Retained” represents the consolidated total investment result, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds.

(4)In the fourth quarter of 2025, the Company revised the description of its “other equity investments” to “common stock” and its “other investments - other” to “other investments - fund and direct private equity investments.”

(5)In the fourth quarter of 2025, the Company revised its presentation of “total investment result” and “total investment return - annualized” to include equity in earnings (losses) of other ventures. Comparative information for the prior periods presented has been updated to conform to the current presentation.

(6)In the fourth quarter of 2025, the Company revised its presentation of “net realized and unrealized gains (losses) on investments” to show amounts based on net investment exposure, which takes into account related derivative impacts. Comparative information for the prior periods has been updated to conform to the current presentation.

(7)Includes fixed maturity investments and investment-related derivatives, which includes interest rate futures, credit default swaps and interest rate swaps.

(8)Includes equity investments and investment-related derivatives, which includes equity futures and warrants.

(9)Includes commodity-related derivatives, which includes commodity futures and commodity options.

35

Comments on Non-GAAP Financial Measures

Retained Total Investments

The Company has included in this Financial Supplement “retained total investments.” “Retained total investments” is defined as the consolidated total investments, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. “Retained total investments” differs from consolidated total investments, which the Company believes is the most directly comparable GAAP measure, due to the exclusion of portions of the consolidated total investments attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. The Company’s management believes the “retained total investments” is useful to investors because it provides a measure of the portion of the Company’s total investments that impacts the investment result included in net income (loss) available (attributable) to RenaissanceRe common shareholders and provides for a better understanding of the investment risk profile and returns that ultimately affect the Company and influence returns. The following table is a reconciliation of consolidated total investments to “retained total investments.”

			June 30, 2026																		December 31, 2025
			Managed (1)						Adjustment (2)						Retained (3)						Managed (1)						Adjustment (2)						Retained (3)
Fixed maturity investments trading, at fair value
Corporate			$	9,916,723					$	(1,824,611)					$	8,092,112					$	8,528,828					$	(1,874,576)					$	6,654,252
U.S. treasuries			9,308,212						(2,649,203)						6,659,009						10,641,503						(2,989,769)						7,651,734
Residential mortgage-backed			2,690,648						(468,991)						2,221,657						2,606,882						(491,472)						2,115,410
Asset-backed			1,688,500						(136,267)						1,552,233						1,606,790						(130,875)						1,475,915
Non-U.S. government			683,983						(114,348)						569,635						691,912						(142,679)						549,233
Agencies			560,030						(112,564)						447,466						486,817						(107,519)						379,298
Commercial mortgage-backed			337,334						(55,698)						281,636						321,591						(54,168)						267,423
Total fixed maturity investments trading, at fair value			25,185,430						(5,361,682)						19,823,748						24,884,323						(5,791,058)						19,093,265
Short term investments, at fair value			3,949,012						(2,642,168)						1,306,844						4,759,811						(2,927,988)						1,831,823
Equity investments, at fair value
Fixed income exchange traded funds			1,603,299						(169,756)						1,433,543						1,582,811						—						1,582,811
Equity exchange traded funds			102,273						—						102,273						—						—						—
Common stock			140,580						(461)						140,119						150,179						(3,665)						146,514
Total equity investments, at fair value			1,846,152						(170,217)						1,675,935						1,732,990						(3,665)						1,729,325
Other investments, at fair value
Catastrophe bonds			1,772,044						(1,440,515)						331,529						1,613,710						(1,381,817)						231,893
Fund investments
Private credit funds			1,531,757						(23,134)						1,508,623						1,445,158						(13,198)						1,431,960
Private equity funds			793,136						—						793,136						701,837						—						701,837
Multi-strategy funds (4)			593,071						—						593,071						473,990						—						473,990
Insurance-linked securities funds			162,192						—						162,192						154,514						—						154,514
Equity funds			76,093						—						76,093						—						—						—
Direct private equity investments			154,876						—						154,876						185,005						—						185,005
Total other investments, at fair value			5,083,169						(1,463,649)						3,619,520						4,574,214						(1,395,015)						3,179,199
Investments in other ventures, under equity method			149,337						—						149,337						121,871						—						121,871
Total investments			$	36,213,100					$	(9,637,716)					$	26,575,384					$	36,073,209					$	(10,117,726)					$	25,955,483

(1)“Managed” represents the consolidated total investments as presented on the Company’s consolidated balance sheets.

(2)Adjustment for the portions of the consolidated total investments attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds.

(3)“Retained” represents the consolidated total investments, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds.

(4)In the first quarter of 2026, the Company revised the classification of its “fund investments - hedge funds” to be included within “fund investments - multi-strategy funds.”

36

Comments on Non-GAAP Financial Measures

Retained Total Investments, Unrealized Gain (Loss)

The Company has included in this Financial Supplement “retained total investments, unrealized gain (loss).” “Retained total investments, unrealized gain (loss)” is defined as the unrealized gain (loss) of the consolidated total investments, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. Unrealized gain (loss) of the consolidated total investments is the difference between fair value and amortized cost or equivalent of the respective investments as at the balance sheet date. “Retained total investments, unrealized gain (loss)” differs from the unrealized gain (loss) of the consolidated total investments, which the Company believes is the most directly comparable GAAP measure, due to the exclusion of portions of the consolidated total investments attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. The Company’s management believes the “retained total investments, unrealized gain (loss)” is useful to investors because it provides a measure of the portion of the unrealized gain (loss) of investments in the Company’s consolidated total investments that is available (attributable) to RenaissanceRe common shareholders and provides for a better understanding of the investment risk profile and returns that ultimately affect the Company and influence returns. The following table is a reconciliation of the total unrealized gain (loss) of investments, to “retained total investments, unrealized gain (loss).”

			June 30, 2026																		December 31, 2025
			Unrealized Gain (Loss) - Managed (1)						Adjustment (2)						Unrealized Gain (Loss) - Retained (3)						Unrealized Gain (Loss) - Managed (1)						Adjustment (2)						Unrealized Gain (Loss) - Retained (3)
Fixed maturity investments trading, at fair value
Corporate			$	(35,129)					$	(3,964)					$	(39,093)					$	75,453					$	(25,780)					$	49,673
U.S. treasuries			(22,850)						5,958						(16,892)						134,072						(32,302)						101,770
Other (4)			(38,127)						9,164						(28,963)						16,447						1,690						18,137
Total fixed maturity investments trading, at fair value			(96,106)						11,158						(84,948)						225,972						(56,392)						169,580
Short term investments, at fair value			(3,768)						71						(3,697)						(216)						206						(10)
Equity investments, at fair value
Fixed income exchange traded funds			(20,791)						1,475						(19,316)						26,827						—						26,827
Equity exchange traded funds			(12,747)						—						(12,747)						—						—						—
Common stock			93,534						239						93,773						95,243						(187)						95,056
Total equity investments, at fair value			59,996						1,714						61,710						122,070						(187)						121,883
Other investments, at fair value
Catastrophe bonds			6,906						(5,614)						1,292						25,617						(24,172)						1,445
Fund investments			462,703						426						463,129						381,941						259						382,200
Direct private equity investments			41,481						—						41,481						71,612						—						71,612
Total other investments, at fair value			511,090						(5,188)						505,902						479,170						(23,913)						455,257
Investments in other ventures, under equity method			—						—						—						—						—						—
Total investments			$	471,212					$	7,755					$	478,967					$	826,996					$	(80,286)					$	746,710
Unrealized gain (loss) on total fixed maturity investments trading, at fair value, per common share (5)															$	(2.03)																	$	3.86

(1)“Managed” represents the consolidated total investments as presented on the Company’s consolidated balance sheets.

(2)Adjustment for the portions of the consolidated total investments attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds.

(3)“Retained” represents the consolidated total investments, less the portions attributable to redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds.

(4)Includes agencies, non-U.S. government, residential mortgage-backed, commercial mortgage-backed and asset-backed securities within the Company’s fixed maturity investments trading portfolio.

(5)Represents the impact to book value per common share of the unrealized gain (loss) on total fixed maturity investments trading, at fair value, of $(84.9) million at June 30, 2026 (December 31, 2025 - $169.6 million). Book value per common share is calculated net of redeemable noncontrolling interests and third-party investors in various joint ventures and managed funds. Accordingly, there is no corresponding managed metric for the unrealized gain (loss) on total fixed maturity investments trading, at fair value, per common share.

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Comments on Non-GAAP Financial Measures

Operating (income) loss attributable to redeemable noncontrolling interests

The Company has included in this Financial Supplement “operating (income) loss attributable to redeemable noncontrolling interests.” “Operating (income) loss attributable to redeemable noncontrolling interests” is defined as net (income) loss attributable to redeemable noncontrolling interests as adjusted for the portion of the adjustments to the Company’s redeemable noncontrolling interests which are excluded from net income (loss) available (attributable) to RenaissanceRe common shareholders in calculating the Company’s operating income (loss) available (attributable) to RenaissanceRe common shareholders. The Company’s management believes that “operating (income) loss attributable to redeemable noncontrolling interests” is useful to investors because it provides additional information on the operations and financial results of the Company’s Managed Joint Ventures and how noncontrolling interests impact the Company’s results. The following table is a reconciliation of net (income) loss attributable to redeemable noncontrolling interests, the most directly comparable GAAP measure, to “operating (income) loss attributable to redeemable noncontrolling interests.”

			Three months ended												Six months ended
			June 30, 2026						June 30, 2025						June 30, 2026						June 30, 2025
Net (income) loss attributable to redeemable noncontrolling interests (1)			$	(315,260)					$	(328,339)					$	(537,711)					$	(133,087)
Adjustment for the portion of net realized and unrealized losses (gains) on investments, excluding other investments - catastrophe bonds attributable to redeemable noncontrolling interests			29,910						(18,500)						83,400						(55,421)
Adjustment for the portion of net foreign exchange losses (gains) attributable to redeemable noncontrolling interests			3,846						(12,700)						6,423						(16,504)
Adjustment for non-operating (income) loss attributable to redeemable noncontrolling interests (2)			33,756						(31,200)						89,823						(71,925)
Operating (income) loss attributable to redeemable noncontrolling interests			$	(349,016)					$	(297,139)					$	(627,534)					$	(61,162)

(1)A negative number in the table above represents net income earned by the Consolidated Managed Joint Ventures allocated to third-party investors. Conversely, a positive number represents net losses incurred by the Consolidated Managed Joint Ventures allocated to third-party investors.

(2)Represents the total portion of adjustments attributable to the Company’s redeemable noncontrolling interests which are excluded from net income (loss) available (attributable) to RenaissanceRe common shareholders when calculating the Company’s operating income (loss) available (attributable) to RenaissanceRe common shareholders. These adjustments include (1) net realized and unrealized gains and losses on investments, excluding other investments - catastrophe bonds and (2) net foreign exchange gains and losses.

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Filing Exhibits & Attachments

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Press Releases

• EX-99.1 EX-99.1 712.3 KB
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• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.9 KB
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