RenaissanceRe (RNR) Proxy Filing summary

Executive summary

• Achieved net income of $1.8B, operating income of $2.2B, and 19.3% ROE in 2024, with 26% growth in tangible book value per share plus dividends.

• Completed Validus acquisition, driving 32.4% growth in gross premiums written to $11.7B and strengthening underwriting, fee, and investment income.

• Enhanced capital management, increasing share repurchase authorization to $750M and repurchasing over $900M in shares through early 2025.

• Maintained a strong, collaborative culture with a focus on talent development, succession planning, and pay-for-performance.

Voting matters and shareholder proposals

• Shareholders to vote on election of one Class II and four Class III directors, advisory say-on-pay, and appointment of PricewaterhouseCoopers Ltd. as auditor.

• Board recommends voting FOR all proposals.

• Majority vote standard for uncontested director elections; classified board structure maintained for continuity.

Board of directors and corporate governance

• Board is 91% independent, with 45% diversity and an average tenure of 9 years.

• Three new directors added in the last three years, including Loretta J. Mester in 2024.

• Board committees include Audit, Governance and Human Capital, and Investment and Risk Management, with a streamlined Standing Committee for strategic transactions.

• Annual board and committee self-evaluations, third-party assessments, and robust director orientation and education.

• Strong shareholder engagement program, with 68% of shares represented in recent outreach.