<span item_type="fundamental" item_id="ed3807db11135ff45068e7fe5fd804eb" counter_id="ST/US/RNR" env="prod"></span><span item_type="announcement" item_id="615059285692323585" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 9.901 B.</p><p>EPS: As of FY2025, the actual value is USD 56.03, beating the estimate of USD 50.145.</p><p>EBIT: As of FY2025, the actual value is USD 4.135 B.</p><p></p><h3>Segment Revenue</h3><h4>Gross Premiums Written (GPW)</h4><p>RenaissanceRe Holdings Ltd.’s total Gross Premiums Written (GPW) were $11,738,420 thousand in 2025, an increase from $11,733,066 thousand in 2024 and $8,862,366 thousand in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><p><strong>Property Segment</strong> The Property segment’s GPW amounted to $4,942,141 thousand in 2025, representing 42.1% of the total, compared to $4,823,731 thousand (41.1% of total) in 2024 and $3,562,414 thousand (40.2% of total) in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. Within the Property segment, Catastrophe GPW was $3,318,186 thousand (67.1%) in 2025, up from $2,996,890 thousand (62.1%) in 2024 and $2,146,323 thousand (60.2%) in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. Other property GPW was $1,623,955 thousand (32.9%) in 2025, down from $1,826,841 thousand (37.9%) in 2024 and $1,416,091 thousand (39.8%) in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. By type of risk, Property segment’s Excess of loss GPW was $3,616,178 thousand in 2025, Proportional GPW was $828,570 thousand, and Delegated authority GPW was $497,393 thousand <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. The U.S. and Caribbean territory accounted for $3,162,323 thousand (26.9% of total company GPW) in 2025 within the Property segment <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><p><strong>Casualty and Specialty Segment</strong> The Casualty and Specialty segment’s GPW was $6,796,279 thousand in 2025, representing 57.9% of the total, a decrease from $6,909,335 thousand (58.9% of total) in 2024 and an increase from $5,299,952 thousand (59.8% of total) in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. Within the Casualty and Specialty segment, General casualty GPW was $2,145,495 thousand (31.6%) in 2025, Professional liability GPW was $1,076,897 thousand (15.8%), Credit GPW was $1,224,716 thousand (18.0%), and Other specialty GPW was $2,349,171 thousand (34.6%) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. By type of risk, Casualty and Specialty segment’s Excess of loss GPW was $1,129,139 thousand in 2025, Proportional GPW was $5,303,495 thousand, and Delegated authority GPW was $363,645 thousand <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. The U.S. and Caribbean territory accounted for $3,127,671 thousand (26.6% of total company GPW) in 2025 within the Casualty and Specialty segment <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h4>Net Premiums Earned</h4><p>Net Premiums Earned were $9,901,182 thousand in 2025, $10,095,760 thousand in 2024, and $7,471,133 thousand in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h3>Operational Metrics</h3><h4>Underwriting Income</h4><p>Underwriting Income was $1,270,043 thousand in 2025, decreasing from $1,622,324 thousand in 2024 and $1,647,408 thousand in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h4>Net Claims and Claim Expenses Incurred</h4><p>Net Claims and Claim Expenses Incurred totaled $5,615,839 thousand in 2025, compared to $5,332,981 thousand in 2024 and $3,573,509 thousand in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h4>Acquisition Expenses</h4><p>Acquisition Expenses were $2,550,823 thousand in 2025, down from $2,643,867 thousand in 2024 and up from $1,875,034 thousand in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h4>Operational Expenses</h4><p>Operational Expenses were $464,477 thousand in 2025, $496,588 thousand in 2024, and $375,182 thousand in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h4>Combined Ratio</h4><p>The Combined Ratio for RenaissanceRe Holdings Ltd. was 87.2% in 2025, 83.9% in 2024, and 77.9% in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h4>Net Investment Income</h4><p>Net Investment Income increased to $1,703,475 thousand in 2025 from $1,654,289 thousand in 2024 and $1,253,110 thousand in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h4>Net Realized and Unrealized Gains (Losses) on Investments</h4><p>Net Realized and Unrealized Gains (Losses) on Investments were $1,181,268 thousand in 2025, compared to - $27,840 thousand in 2024 and $414,522 thousand in 2023 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h4>Reserve for Claims and Claim Expenses (Net of Reinsurance Recoverable)</h4><ul><li>The Reserve for Claims and Claim Expenses (Net of Reinsurance Recoverable) at the end of 2025 was $18,402,432 thousand, increasing from $16,822,101 thousand at the end of 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</li><li>Total Net Incurred claims were $5,615,839 thousand in 2025 and $5,332,981 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. Total Net Paid claims were $4,328,785 thousand in 2025 and $3,597,810 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</li><li>The foreign exchange and other impact on reserves was $293,277 thousand in 2025 and - $55,653 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</li></ul><p><strong>Reserve for Claims and Claim Expenses by Segment (at December 31, 2025)</strong> <strong>Property Segment</strong>: Total reserves were $5,685,984 thousand, consisting of Case Reserves of $1,797,427 thousand, ACR of $1,679,848 thousand, and IBNR of $2,208,709 thousand <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. <strong>Casualty and Specialty Segment</strong>: Total reserves were $16,616,361 thousand, consisting of Case Reserves of $3,393,451 thousand, ACR of $327,941 thousand, and IBNR of $12,894,969 thousand <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><p><strong>Reserve for Claims and Claim Expenses by Segment (at December 31, 2024)</strong> <strong>Property Segment</strong>: Total reserves were $6,572,739 thousand, consisting of Case Reserves of $1,845,228 thousand, ACR of $1,905,553 thousand, and IBNR of $2,821,958 thousand <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. <strong>Casualty and Specialty Segment</strong>: Total reserves were $14,730,752 thousand, consisting of Case Reserves of $3,081,081 thousand, ACR of $295,074 thousand, and IBNR of $11,354,597 thousand <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p><h4>Net (Favorable) Adverse Development of Prior Accident Years Net Claims and Claim Expenses</h4><ul><li>Total Net (Favorable) Adverse Development was - $1,090,933 thousand in 2025 and - $851,334 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</li><li>The Property Segment experienced - $1,089,196 thousand in 2025 and - $818,852 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</li><li>The Casualty and Specialty Segment experienced - $1,737 thousand in 2025 and - $32,482 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</li></ul><h3>Outlook</h3><p>RenaissanceRe Holdings Ltd. anticipates its flexible global operating model will remain resilient despite a 15% corporate income tax in Bermuda, effective January 1, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. The company expects profits from consolidated joint ventures and managed funds in Bermuda to be taxed at 15% due to Pillar II Rules <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>. RenaissanceRe Holdings Ltd. continues to monitor the highly uncertain inflationary environment, which could significantly impact estimated incurred claims and claim expenses <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/913144/000091314426000012/rnr-20251231.htm"></span>.</p>

Renaissancere Re | 10-K: FY2025 Revenue: USD 9.901 B