RenaissanceRe (RNR) Proxy Filing summary

Executive summary

• Achieved strong financial results in 2025, including $2.6B net income and 26% return on average common equity, despite significant catastrophe losses from California Wildfires and specialty events.

• All three profit drivers—underwriting, fee, and investment income—contributed, with $1.3B underwriting income, $328.9M fee income, and $1.7B investment income.

• Repurchased $1.6B in common shares, reflecting confidence in long-term earnings and capital stewardship.

• Grew to over 1,000 employees, emphasizing leadership development, succession planning, and retention.

• Board and management focused on long-term value creation, entering 2026 with a strong balance sheet and diversified platform.

Voting matters and shareholder proposals

• Four Class I director nominees up for election to serve until 2029; Board recommends voting FOR all nominees.

• Advisory vote on executive compensation (say-on-pay); Board recommends FOR.

• Approval of the 2026 Long-Term Incentive Plan; Board recommends FOR.

• Approval of PricewaterhouseCoopers Ltd. as independent auditor for 2026 and referral of remuneration to the Board; Board recommends FOR.

Board of directors and corporate governance

• Board is 91% independent, with 45% diversity and an average tenure of 8 years.

• Recent refreshment: four new directors in four years, including nominee Stephen C. Hooley.

• Board committees are fully independent; regular rotation of committee chairs and members.

• Board oversight includes strategic planning, risk management, CEO succession, and sustainability.

• Majority vote standard for director elections; robust Code of Ethics and anti-hedging/pledging policies.