RenaissanceRe (RNR) Investor presentation summary

Corporate overview and strategy

• Operates as a leading global reinsurer with a diversified underwriting portfolio across property, casualty, and specialty risk since 1993.

• Demonstrates a strong track record of organic growth and strategic acquisitions, including Platinum, Tokio Millennium Re, and Validus.

• Maintains robust financial strength ratings (S&P: A+, AM Best: A+ as of February 2025).

• Purpose is to protect communities and enable prosperity, with a vision to be the best underwriter and a mission to match desirable risk with efficient capital.

• Executive leadership team averages 16 years of tenure, supporting stability and expertise.

Financial performance and key metrics

• Gross premiums written grew to $11.7B in 2024, with net premiums written at $9.95B.

• Common shareholders' equity reached $9.82B, and book value per share plus accumulated dividends was $224.

• Return on average common equity (ROACE) was 19.3%, and operating ROACE was 23.5% for 2024.

• Combined ratio improved to 83.9% in 2024, indicating strong underwriting profitability.

• Net income available to common shareholders was $1.8B, with operating income at $2.2B.

Business segments and diversification

• Property segment gross premiums written were $4.8B in 2024, with a combined ratio of 57.2%.

• Casualty and specialty segment gross premiums written reached $6.9B, with a five-year average combined ratio of 98.2%.

• 2024 gross premiums written by geography: 51% U.S. and Caribbean, 37% worldwide, 5% Europe, 3% worldwide (ex U.S.), 2% Japan, Australia, and New Zealand, 2% other.

• 2024 gross premiums written by line: 26% catastrophe, 21% other specialty, 19% general casualty, 10% professional liability, 8% credit, 16% other property.