Renaissancere Holdings Ltd. · NYSE:RNR
Renaissancere — Investor Presentation (April 2025)
30 slides from Renaissancere's investor presentation, Apr 10, 2025
Slide 1: Investor Overview Presentation
RenaissanceRe RenaissanceRe Holdings Ltd. Investor Investor Overview Presentation Fiscal Year 2024 Month, April 10, 2025 renre.com | pg. 1
Slide 2: Cautionary Statement Regarding Forward Looking Statements
Cautionary Statement Regarding Forward Looking Statements Any forward-looking statements made in this presentation reflect RenaissanceRe Holdings Ltd.’s (“RenaissanceRe, the “Company”, “we”, “us”, or “our”) current views with respect to future events and financial performance and are made pursuant t
Slide 3: RenaissanceRe Holdings Ltd. overview
RenaissanceRe Holdings Ltd. overview (NYSE: “RNR”) Key Highlights Financial Highlights ($M) 2022 2023 2024 Leading, global reinsurer since 1993 with diversified Gross Premiums Written $9,214 $8,862 $11,733 underwriting portfolio across property, casualty and Net Premiums Written $7,196 $7,468 $9,952
Slide 4: Part I: Corporate Overview
Part I: Corporate Overview At RenaissanceRe, we have spent the last decade building a reinsurance company designed to solve any customer’s problem across any line, at scale, through our owned and Capital Partner balance sheets. Kevin J. O’Donnell, President and Chief Executive Officer 2024 Annual Re
Slide 5: Our Purpose, Vision and Mission
Our Purpose, Vision and Mission Our is to protect communities Purpose and enable prosperity Our is to be the best Vision underwriter Our is to match desirable risk Mission with efficient capital renre.com | pg. 5
Slide 6: Three decades of industry leadership
Three decades of industry leadership 1993-2002 2003-2012 2013-Present Innovating in property Building a leading, global P&C Matching risk to capital catastrophe reinsurer Founded in Bermuda after Hurricane Led property catastrophe hard Kevin O’Donnell named CEO in 2013 Andrew – focused on property m
Slide 7: Experienced executive leadership team with average tenure of 16 years
Experienced executive leadership team with average tenure of 16 years Governance Committee 28 YEARS 8 YEARS Kevin O’Donnell Robert “Bob” Qutub President Executive Vice President and Chief Executive Officer and Chief Financial Officer 4 YEARS 26 YEARS 16 YEARS Shannon Bender Ross Curtis David Marra E
Slide 8: Proven track record of organic growth and strategic acquisitions
LIKELY NEEDS ADDITIONAL WORK – NOT SURE IF YOU THINK THE BLUE GOING DOWN TO THE PIES BELOW WORKS Proven track record of organic growth and strategic acquisitions UNDERWRITING INCOME Casualty and Specialty Property Gross Premiums Written ($B) Acquisition of Acquisition of Platinum Acquisition of Toki
Slide 9: Our industry-leading Capital Partners business enhances our ability to match risk with capital
Our industry-leading Capital Partners business enhances our ability to match desirable risk with efficient capital ~$24.2B(1) $12.8B ~$11.4B (1) Owned Capital Partner Capital (excluding RenaissanceRe) Catastrophe Rated Bonds Collateralized Undrawn Revolver $0.5B Debt $1.8B(2) Preference $0.8B Shares
Slide 10: Capital Partners manages rated and collateralized vehicles across the risks we underwrite
Capital Partners manages rated and collateralized vehicles across the risks we underwrite RenaissanceRe’s Fee Income Type of Vehicle Established Consolidated(1) Economic Generated(3,4) Ownership(2) Joint venture focused on top layer, non-US, 1999 No(6) - Management property catastrophe reinsurance
Slide 11: RenaissanceRe Risk Sciences produces industry-leading risk intelligence
RenaissanceRe Risk Sciences produces industry-leading risk intelligence Proprietary view Sharing expertise informs risk to strengthen selection partnerships RenaissanceRe RenaissanceRe Risk Risk Sciences RenaissanceRe Risk Sciences Sciences utilizes insight from provides customers with unique our pr
Slide 12: Part II: Three Drivers of Profit and 2024 Financial Results
Part II: Three Drivers of Profit and 2024 Financial Results Our approach to underwriting is to combine all these lines of business together to build an optimally efficient portfolio. We do this by taking into account the contribution of each line we write to the Three Drivers of Profit, given the in
Slide 13: Our Three Drivers of Profit create a well diversified and resilient earnings profile
Our Three Drivers of Profit create a well diversified and resilient earnings profile Our three drivers of profit diversify our earnings, which we believe enables us to manage the volatility of our customers' risk, while producing strong returns for our investors Underwriting Income Net Investment In
Slide 14: Strong financial results in 2024
Strong financial results in 2024 $1.8B $2.2B 19.3% 23.5% Driven by our Three Drivers of Profit: Underwriting Income Net Investment Income $1.7B (managed) $1.1B (retained) (1) (1) “Operating income available to RenaissanceRe common shareholders”, “operating return on average common equity” and “retai
Slide 15: Property Segment: Strong growth and profitability despite significant catastrophic activity
Property Segment: Strong growth and profitability in recent years despite significant catastrophic activity UNDERWRITING INCOME Property Segment Gross Premiums Written ($B) Other property Catastrophe $4.8 $4.0 $3.7 $3.6 $1.8 $3.0 $1.7 $1.7 $1.4 $1.1 $3.0 $2.2 $2.1 $2.1 $1.9 2020 2021 2022 2023 2024
Slide 16: Casualty and Specialty Segment: Well-diversified profitable portfolio creating substantial float
Casualty and Specialty Segment: Well-diversified profitable portfolio creating substantial float through reserves UNDERWRITING INCOME Casualty and Specialty Segment Liability for Claims Casualty and Specialty Segment Gross Premiums and Claim Expenses, Net of Reinsurance – “Net Written ($B) reserves”
Slide 17: Capital Partners provides meaningful earnings diversification through fee income
Capital Partners provides meaningful earnings diversification through fee income FEE INCOME Fee Income ($M) Performance Fee Income $326.8 Management Fee Income $106.9 $236.8 $60.2 $145.2 $128.5 $33.7 $118.7 $19.4 $9.8 $219.9 $176.6 $111.5 $109.1 $108.9 NOTE: Due to rounding, numbers presented may no
Slide 18: Net investment income contributes significantly to our financial results
Net investment income contributes significantly to our financial results NET INVESTMENT NET INVESTMENT INCOME INCOME Total Investments ($B) Net Investment Income ($M) Total investments attributable to redeemable noncontrolling interests Net investment income attributable to redeemable noncontrolling
Slide 19: Diversified and conservative investment portfolio
Diversified and conservative investment portfolio NET INVESTMENT INCOME RenaissanceRe – Total Investments ($M) $619 Non-U.S. government $623 Weighted average credit quality Agencies $315 fixed maturity and short-term investments Other (2) $2,128 Fund investments $118 2024 AA 2023 AA Equities $1,422
Slide 20: Additional resources
Additional resources Annual Report and Proxy Financial Supplement Sustainability Information Statement For additional information on our sustainability, see the “Sustainability” section of our website. Investor inquiries should be directed to: Investor Relations Keith McCue Hayden Kenny Senior Vice
Slide 21: RenaissanceRe Holdings Ltd.
RenaissanceRe Holdings Ltd. Renaissance House 12 Crow Lane Pembroke HM 19 Bermuda renre.com renre.com | pg. 21
Slide 22: Appendix A
Appendix A renre.com | pg. 22
Slide 23: Comments on Non-GAAP Financial Measures
Comments on Non-GAAP Financial Measures In addition to the GAAP financial measures set forth in this presentation, 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 commun
Slide 24: Comments on Non-GAAP Financial Measures
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 T
Slide 25: Comments on Non-GAAP Financial Measures
Comments on Non-GAAP Financial Measures Year ended December 31, December 31, 2024 2023 Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 1,834,985 $ 2,525,757 Adjustment for: Net realized and unrealized losses (gains) on investments, excluding other investments - cata
Slide 26: Comments on Non-GAAP Financial Measures
Comments on Non-GAAP Financial Measures Year ended December 31, December 31, 2023 2022 Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 2,525,757 $ (1,096,578) Adjustment for: Net realized and unrealized losses (gains) on investments, excluding other investments - ca
Slide 27: Comments on Non-GAAP Financial Measures
Comments on Non-GAAP Financial Measures Retained Total Investments The Company has included in this presentation “retained total investments.” “Retained total investments” is defined as the consolidated total investments, less the portions attributable to redeemable noncontrolling interests and thir
Slide 28: Comments on Non-GAAP Financial Measures
Comments on Non-GAAP Financial Measures Retained Total Investments The Company has included in this presentation “retained total investments.” “Retained total investments” is defined as the consolidated total investments, less the portions attributable to redeemable noncontrolling interests and thir
Slide 29: Comments on Non-GAAP Financial Measures
Comments on Non-GAAP Financial Measures 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 certain joint ventures and managed fun
Slide 30: Comments on Non-GAAP Financial Measures
Comments on Non-GAAP Financial Measures 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 certain joint ventures and managed fun
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