Renaissancere Holdings Ltd. · NYSE:RNR
Renaissancere — Q2 2026 Earnings Presentation
18 slides from Renaissancere's earnings presentation, Jul 23, 2026
Slide 1: RenaissanceRe Reports Q2 2026 Net Income and Operating Income
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
Slide 2: Consolidated Financial Results
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 (l
Slide 3: Three Drivers of Profit: Property Segment Underwriting Results
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 pre
Slide 4: Underwriting Results - Casualty and Specialty Segment
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)% Ne
Slide 5: Fee Income
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 (in thousands) 2026 2025 Change Management fee income $ 48,138 $ 56,407 $ (8,269) Performance fee income (loss) (1) 34,889 38,550 (3,661) Total fee
Slide 6: Other Items of Note
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 fund
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 (continued)
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 system
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 Six months ended June 30, June 30, June 30, June 30, 2026 2025 2026 2025 Revenues Gross premiu
Slide 10: Summary Consolidated Balance Sheets
RenaissanceRe Holdings Ltd. Summary Consolidated Balance Sheets (in thousands of United States Dollars, except per share amounts) June 30, December 31, 2026 2025 Assets (Unaudited) (Audited) Fixed maturity investments trading, at fair value $ 25,185,430 $ 24,884,323 Short-term investments, at fair v
Slide 11: Supplemental Financial Data - Segment Information (Three Months)
RenaissanceRe Holdings Ltd. Supplemental Financial Data - Segment Information (in thousands of United States Dollars, except percentages) (Unaudited) Three months ended June 30, 2026 Casualty and Property Specialty Other Total Gross premiums written $ 1,551,685 $ 1,442,739 $ — $ 2,994,424 Net premiu
Slide 12: Supplemental Financial Data - Segment Information (Six Months)
RenaissanceRe Holdings Ltd. Supplemental Financial Data - Segment Information (in thousands of United States Dollars, except percentages) (Unaudited) Six months ended June 30, 2026 Casualty and Property Specialty Other Total Gross premiums written $ 3,259,105 $ 3,214,192 $ — $ 6,473,297 Net premiums
Slide 13: 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 Six months ended June 30, June 30, June 30, June 30, 2026 2025 2026 2025 Property Segment Catastrophe $ 1,147,430 $ 1,362,681 $ 2,427,037 $ 3,029,32
Slide 14: 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 Six months ended June 30, June 30, June 30, June 30, 2026 2025 2026 2025 Net investment income Fixed maturity investments tradi
Slide 15: 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 16: Net Income to Operating Income Reconciliation
Three months ended Six months ended (in thousands of United States Dollars, except per share amounts and June 30, June 30, June 30, June 30, percentages) 2026 2025 2026 2025 Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 654,234 $ 826,507 $ 938,769 $ 987,654 Adjust
Slide 17: Tangible Book Value Per Common Share Plus Accumulated Dividends
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 18: 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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