Renaissancere Holdings Ltd. · NYSE:RNR
Renaissancere — Q1 2026 Earnings Presentation
17 slides from Renaissancere's earnings presentation, Apr 29, 2026
Slide 1: RenaissanceRe Reports Q1 2026 Net Income and Operating Income
RenaissanceRe Reports $284.5 Million of Quarterly Net Income Available to Common Shareholders and $590.5 Million of Operating Income Available to Common Shareholders in Q1 2026. Strong Performance Across All Three Drivers of Profit – Underwriting, Fee and Net Investment Income. • 73.0% combined rati
Slide 2: Consolidated Financial Results
Consolidated Financial Results Consolidated Highlights Three months ended March 31, (in thousands, except per share amounts and percentages) 2026 2025 Gross premiums written $ 3,478,873 $ 4,155,503 Net premiums written 2,678,296 3,443,529 Net premiums earned 2,183,614 2,720,781 Underwriting income (
Slide 3: Three Drivers of Profit: Underwriting, Fee and Investment Income
Three Drivers of Profit: Underwriting, Fee and Investment Income Underwriting Results - Property Segment: Strong combined ratio of 34.1%, with lower catastrophe losses Property Segment Three months ended March 31, Q/Q Change (in thousands, except percentages) 2026 2025 Gross premiums written $ 1,707
Slide 4: Underwriting Results - Casualty and Specialty Segment
• Combined ratio and adjusted combined ratio each improved primarily due to the lower current accident year net losses. Underwriting Results - Casualty and Specialty Segment: Combined ratio of 100.4% and adjusted combined ratio of 99.4%, with lower impact from large losses compared to Q1 2025 Casual
Slide 5: Fee Income: $94.1 million of fee income
Fee Income: $94.1 million of fee income, with strong contributions from management and performance fees Fee Income Three months ended March 31, Q/Q (in thousands) 2026 2025 Change Management fee income $ 47,927 $ 46,061 $ 1,866 Performance fee income (loss) (1) 46,199 (15,604) 61,803 Total fee incom
Slide 6: Other Items of Note
Other Items of Note • Net income attributable to redeemable noncontrolling interests of $222.5 million was primarily driven by: – strong underwriting income in DaVinci and Vermeer; and – $116.4 million of net investment income in the investment portfolios of the Company’s joint ventures and managed
Slide 7: Conference Call Details and Additional Information
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 inc
Slide 8: Forward-looking statements
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; th
Slide 9: Summary Consolidated Statements of Operations and Financial Data
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 March 31, March 31, 2026 2025 Revenues Gross premiums written $ 3,478,873 $ 4,155,503 Net prem
Slide 10: Summary Consolidated Balance Sheets
RenaissanceRe Holdings Ltd. Summary Consolidated Balance Sheets (in thousands of United States Dollars, except per share amounts) March 31, December 31, 2026 2025 Assets Fixed maturity investments trading, at fair value $ 24,901,291 $ 24,884,323 Short-term investments, at fair value 3,883,610 4,759,
Slide 11: Supplemental Financial Data - Segment Information
RenaissanceRe Holdings Ltd. Supplemental Financial Data - Segment Information (in thousands of United States Dollars, except percentages) (Unaudited) Three months ended March 31, 2026 Casualty and Property Specialty Other Total Gross premiums written $ 1,707,420 $ 1,771,453 $ — $ 3,478,873 Net premi
Slide 12: Supplemental Financial Data - Gross Premiums Written
RenaissanceRe Holdings Ltd. Supplemental Financial Data - Gross Premiums Written (in thousands of United States Dollars) (Unaudited) Three months ended March 31, March 31, 2026 2025 Property Segment Catastrophe $ 1,279,607 $ 1,666,641 Other property 427,813 464,192 Property segment gross premiums wr
Slide 13: Supplemental Financial Data - Total Investment Result
RenaissanceRe Holdings Ltd. Supplemental Financial Data - Total Investment Result (in thousands of United States Dollars, except percentages) (Unaudited) Three months ended March 31, March 31, 2026 2025 Net investment income Fixed maturity investments trading $ 294,494 $ 284,723 Short-term investmen
Slide 14: Comments on Non-GAAP Financial Measures
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 commu
Slide 15: Operating Income Reconciliation
Three months ended March 31, March 31, (in thousands of United States Dollars, except per share amounts and percentages) 2026 2025 Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 284,535 $ 161,147 Adjustment for: Net realized and unrealized losses (gains) on investm
Slide 16: Tangible Book Value Per Common Share
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”
Slide 17: Adjusted Combined Ratio
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, wh
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