RenaissanceRe Holdings Ltd. Contents. Page Basis of Presentation. i Financial Highlights

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2 Contents Page Basis of Presentation i Financial Highlights 1 Statements of Operations a. Summary Consolidated Statements of Operations b. Consolidated Segment Underwriting Results c. Segment Underwriting Results d. DaVinciRe Holdings Ltd. and Subsidiary Consolidated Statements of Operations Balance Sheets a. Summary Consolidated Balance Sheets 7 Investments a. Investment Portfolio - Composition b. Investment Portfolio - Fixed Maturity Investments c. Summary of Other Investments d. Total Investment Result e. Investment Portfolio - Effective Yield and Credit Rating Loss Reserve Analysis a. Reserves for Claims and Claim Expenses b. Paid to Incurred Analysis Other Items a. Fee Income b. Earnings per Share c. Equity in Earnings of Other Ventures d. Other Income (Loss) e. Ratings Supplemental Information a. Gross Premiums Written b. Property Segment Supplemental Underwriting Results Comments on Regulation G 21

3 Basis of Presentation (the "Company" or "RenaissanceRe") is a global provider of reinsurance and insurance. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, the Company has offices in Bermuda, Ireland, Singapore, Switzerland, the United Kingdom and the United States. This financial supplement includes certain non-gaap financial measures including operating income (loss) available (attributable) to RenaissanceRe common shareholders, operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted, operating return on average common equity - annualized, tangible book value per common share, tangible book value per common share plus accumulated dividends", "retained fixed maturity and short term investments, at fair value" and managed catastrophe premium. A reconciliation of such measures to the most comparable GAAP figures in accordance with Regulation G is presented in the attached supplemental financial data. See pages 21 through 25 for Comments on Regulation G. Cautionary Statement under safe harbor provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this financial supplement contain information about the Company's future business prospects. These statements may be considered forward-looking. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. For further information regarding cautionary statements and factors affecting future results, please refer to 's filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q. All information contained herein is unaudited. Unless otherwise noted, dollar amounts are in thousands, except for share and per share amounts and ratio information. Certain prior period comparatives have been reclassified to conform to the current presentation. This supplement is being provided for informational purposes only. It should be read in conjunction with documents filed by RenaissanceRe with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q. Please refer to the Company's website at for further information about RenaissanceRe. i

4 Financial Highlights Highlights Gross premiums written Net premiums written Net premiums earned Net claims and claim expenses incurred Acquisition expenses Operating expenses Underwriting (loss) income Net investment income Net realized and unrealized (losses) gains on investments Total investment result Net (loss) income (attributable) available to RenaissanceRe common shareholders Operating income (loss) available (attributable) to RenaissanceRe common shareholders (1) Total assets Total shareholders' equity attributable to RenaissanceRe Per share data Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share - diluted Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share diluted (1) Dividends per common share Book value per common share Tangible book value per common share (1) Tangible book value per common share plus accumulated dividends (1) Change in tangible book value per common share plus change in accumulated dividends (1) Financial ratios Net claims and claim expense ratio - current accident year Net claims and claim expense ratio - prior accident years Net claims and claim expense ratio - calendar year Underwriting expense ratio Combined ratio Return on average common equity - annualized Operating return on average common equity - annualized (1) Total investment return - annualized (1) Three months ended 547, , , , ,465 58,859 (82,349) 53,338 (88,654) (35,316) 625, , , , ,761 40,593 (29,015) 80,696 13,630 94,326 (83,906) 1, , , ,385 60, ,052 37, ,623 71,356 (17,901) 53,455 32,681 20,587 1,159, , , ,703 97,711 41, , , , , ,064 98,598 29,192 (10,381) 56,476 (82,144) (25,668) 73,464 (7,716) 65, ,788 56, , ,209 18,676,196 5,045,080 17,096,394 4,886,521 17,023,378 4,860,061 15,922,202 4,436,253 (2.10) Year ended 3,310,427 2,131,902 1,976,129 1,120, , , ,855 2,797,540 1,871,325 1,717,575 1,861, , ,778 (651,523) 261,866 (175,069) 86, , , ,031 (3,452) 197,276 (244,770) 41, ,595 (332,300) 15,226,131 4,391,375 18,676,196 5,045,080 15,226,131 4,391, (0.09) 4.91 (6.15) (8.35) (0.4)% 1.1 % 4.9 % 0.8 % 0.1 % 6.4 % (7.2)% 96.0 % (12.9)% 83.1 % 31.2 % % (7.8)% 0.1 % (1.2)% 79.0 % (1.8)% 77.2 % 28.3 % % 3.1 % 1.9 % 3.3 % 50.4 % (36.4)% 14.0 % 33.2 % 47.2 % 18.6 % 20.3 % 2.0 % 46.1 % (7.1)% 39.0 % 31.6 % 70.6 % 5.7 % 13.5 % (1.0)% 81.0 % (8.9)% 72.1 % 30.4 % % (0.3)% 4.2 % 2.6 % 70.4 % (13.7)% 56.7 % 30.9 % 87.6 % 4.7 % 8.8 % 0.8 % % (2.4)% % 29.5 % % (5.7)% (7.7)% 3.6 % See Comments on Regulation G for a reconciliation of non-gaap financial measures. 1

5 Summary Consolidated Statements of Operations Three months ended Revenues Gross premiums written Net premiums written Decrease (increase) in unearned premiums Net premiums earned Net investment income Net foreign exchange (losses) gains Equity in earnings of other ventures Other income (loss) Net realized and unrealized (losses) gains on investments Total revenues Expenses Net claims and claim expenses incurred Acquisition expenses Operational expenses Corporate expenses Interest expense Total expenses (Loss) income before taxes Income tax benefit (expense) Net (loss) income Net loss (income) attributable to noncontrolling interests Net (loss) income attributable to RenaissanceRe Dividends on preference shares Net (loss) income (attributable) available to RenaissanceRe common shareholders 547, , , ,613 53,338 (932) 4,143 5,489 (88,654) 547, , ,465 58,859 12,108 11, ,835 (132,838) 8,852 (123,986) 49,269 (74,717) (9,189) 625, ,255 78, ,849 80,696 (4,566) 7, , , , ,761 40,593 6,841 11, ,474 50,280 (1,451) 48,829 (6,440) 42,389 (9,708) Year ended 977, ,509 (175,124) 429,385 71,356 (10,687) 5,826 1,225 (17,901) 479,204 1,159, ,044 (222,762) 440,282 56,476 3, (1,242) (82,144) 417,986 60, ,052 37,543 8,301 11, , ,373 (4,506) 251,867 (54,483) 197,384 (5,596) 171,703 97,711 41,272 6,733 11, ,186 88,800 3,407 92,207 (29,899) 62,308 (5,595) 407, , , ,473 73,464 (490) 2,200 2,362 (7,716) 491,293 3,310,427 2,131,902 (155,773) 1,976, ,866 (12,428) 18,474 5,969 (175,069) 2,074,941 2,797,540 1,871,325 (153,750) 1,717, ,209 10,628 8,030 9, ,822 2,103, ,064 98,598 29,192 4,237 11, ,868 43,425 (41,226) 2,199 (56) 2,143 (5,595) 1,120, , ,267 33,983 47,069 1,812, ,615 6, ,917 (41,553) 227,364 (30,088) 1,861, , ,778 18,572 44,193 2,431,863 (328,184) (26,487) (354,671) 132,282 (222,389) (22,381) (83,906) 32, ,788 56,713 (3,452) 197,276 Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share - basic (2.10) (0.09) 4.91 (6.15) Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share - diluted (2.10) (0.09) 4.91 (6.15) Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share diluted (1) (8.35) Return on average common equity - annualized Operating return on average common equity - annualized (1) (1) (7.8)% 0.1 % 3.1% 1.9% See Comments on Regulation G for a reconciliation of non-gaap financial measures % 20.3% 5.7% 13.5% (0.3)% 4.2 % 4.7% 8.8% (244,770) (5.7)% (7.7)%

6 Consolidated Segment Underwriting Results Three months ended Casualty and Specialty Property Gross premiums written Net premiums written Net premiums earned Net claims and claim expenses incurred Acquisition expenses Operational expenses Underwriting (loss) income Net claims and claim expenses incurred - current accident year Net claims and claim expenses incurred - prior accident years Net claims and claim expenses incurred - total 199, , , ,700 50,817 37,021 (34,953) 324,118 (48,418) 275, % (14.7)% 83.9 % 26.7 % % Net claims and claim expense ratio - current accident year Net claims and claim expense ratio - prior accident years Net claims and claim expense ratio - calendar year Underwriting expense ratio Combined ratio Other 347, , , ,047 69,650 21,762 (47,432) 227,289 (25,242) 202,047 Total 1 (109) (2) (109) (109) 92.4 % (10.3)% 82.1 % 37.2 % % 547, , , , ,465 58,859 (82,349) 551,407 (73,769) 477, % (12.9)% 83.1 % 31.2 % % Three months ended Casualty and Specialty Property Gross premiums written Net premiums written Net premiums earned Net claims and claim expenses incurred Acquisition expenses Operational expenses Underwriting (loss) income Net claims and claim expenses incurred - current accident year Net claims and claim expenses incurred - prior accident years Net claims and claim expenses incurred - total 95,166 82, , ,712 38,699 17,353 (22,718) 210,340 (28,628) 181, % (13.3)% 84.5 % 26.1 % % Net claims and claim expense ratio - current accident year Net claims and claim expense ratio - prior accident years Net claims and claim expense ratio - calendar year Underwriting expense ratio Combined ratio 3 Other 312, , , ,225 59,898 11,840 11, ,057 (7,832) 123, % (3.8)% 59.7 % 34.8 % 94.5 % Total (873) 1 (1) 884 (873) (873) 407, , , ,064 98,598 29,192 (10,381) 341,397 (37,333) 304, % (8.9)% 72.1 % 30.4 % %

7 Consolidated Segment Underwriting Results Year ended Casualty and Specialty Property Other Gross premiums written Net premiums written Net premiums earned Net claims and claim expenses incurred Acquisition expenses Operational expenses Underwriting income (loss) 1,760,926 1,055,188 1,050, , , , ,070 1,549,501 1,076, , , ,079 64,883 (16,984) Net claims and claim expenses incurred - current accident year Net claims and claim expenses incurred - prior accident years Net claims and claim expenses incurred - total 719,185 (221,290) 497, % (21.0)% 47.4 % 27.7 % 75.1 % Net claims and claim expense ratio - current accident year Net claims and claim expense ratio - prior accident years Net claims and claim expense ratio - calendar year Underwriting expense ratio Combined ratio 671,582 (49,262) 622,320 Total (197) (2) 430 (231) 3,310,427 2,131,902 1,976,129 1,120, , , ,855 (197) (197) 1,390,767 (270,749) 1,120, % (5.3)% 67.3 % 34.5 % % 70.4 % (13.7)% 56.7 % 30.9 % 87.6 % Year ended Property Casualty and Specialty Gross premiums written Net premiums written Net premiums earned Net claims and claim expenses incurred Acquisition expenses Operational expenses Underwriting (loss) income 1,440, , ,070 1,297, ,816 94,194 (574,925) 1,357, , , , ,077 66,548 (78,150) Net claims and claim expenses incurred - current accident year Net claims and claim expenses incurred - prior accident years Net claims and claim expenses incurred - total 1,343,581 (45,596) 1,297,985 Net claims and claim expense ratio - current accident year Net claims and claim expense ratio - prior accident years Net claims and claim expense ratio - calendar year Underwriting expense ratio Combined ratio % (4.9)% % 22.3 % % 4 Other 558,843 6, , % % % % % Total (7) 4 4 (1,583) (1) 36 1,552 2,797,540 1,871,325 1,717,575 1,861, , ,778 (651,523) (1,583) (1,583) 1,902,424 (40,996) 1,861, % (2.4)% % 29.5 % %

8 Segment Underwriting Results Three months ended Property Segment Gross premiums written Net premiums written Net premiums earned Net claims and claim expenses incurred Acquisition expenses Operational expenses Underwriting (loss) income Net claims and claim expenses incurred - current accident year Net claims and claim expenses incurred - prior accident years Net claims and claim expenses incurred - total Net claims and claim expense ratio - current accident year Net claims and claim expense ratio - prior accident years Net claims and claim expense ratio - calendar year Underwriting expense ratio Combined ratio 199, , , ,700 50,817 37,021 (34,953) 324,118 (48,418) 275, , , , ,857 45,524 25,577 (43,899) 268,022 (2,165) 265, % (0.8)% 90.7 % 24.3 % % 98.6 % (14.7)% 83.9 % 26.7 % % 552, , ,138 (74,269) 40,850 23, ,747 68,876 (143,145) (74,269) 33.7 % (70.1)% (36.4)% 31.7 % (4.7)% 706, , ,049 30,607 40,721 26, ,175 58,169 (27,562) 30, % (12.2)% 13.6 % 29.9 % 43.5 % 95,166 82, , ,712 38,699 17,353 (22,718) 210,340 (28,628) 181, % (13.3)% 84.5 % 26.1 % % Three months ended Casualty and Specialty Segment Gross premiums written Net premiums written Net premiums earned Net claims and claim expenses incurred Acquisition expenses Operational expenses Underwriting (loss) income Net claims and claim expenses incurred - current accident year Net claims and claim expenses incurred - prior accident years Net claims and claim expenses incurred - total Net claims and claim expense ratio - current accident year Net claims and claim expense ratio - prior accident years Net claims and claim expense ratio - calendar year Underwriting expense ratio Combined ratio 347, , , ,047 69,650 21,762 (47,432) 227,289 (25,242) 202, % (10.3)% 82.1 % 37.2 % % 5 324, , , ,671 64,238 14,976 14, ,904 (7,233) 144, % (3.0)% 60.6 % 33.2 % 93.8 % 424, , , ,524 64,201 13,552 12, ,520 (12,996) 134, % (5.8)% 59.7 % 34.5 % 94.2 % 452, , , ,078 56,990 14,593 2, ,869 (3,791) 141, % (1.8)% 65.5 % 33.3 % 98.8 % 312, , , ,225 59,898 11,840 11, ,057 (7,832) 123, % (3.8)% 59.7 % 34.8 % 94.5 %

9 DaVinciRe Holdings Ltd. and Subsidiary Consolidated Statements of Operations Three months ended Gross premiums written 33,940 53, ,864 Net premiums written 26,108 50, ,074 Year ended 139,664 5, , , ,996 2, , ,492 Revenues Decrease (increase) in unearned premiums 72,709 39,717 (68,497) (52,623) 60,210 Net premiums earned 98,817 90,711 54,577 64,373 63, , ,242 Net investment income 13,543 12,327 11,111 10,078 9,488 47,059 33,643 (244) (70) Net foreign exchange (losses) gains Other income Net realized and unrealized gains (losses) on investments 427 Total revenues (8,694) 2,750 (3,517) (6,853) (16,832) (10,641) (26,775) 112,752 99,862 58,954 58,125 61, , ,156 (5,845) 169,716 72,818 (39,479) 4,592 61, , ,687 (2,591) 9,284 22,616 16,007 7,518 45,316 (12,838) 4,490 11,560 8,721 8, ,180 20,715 Expenses Net claims and claim expenses incurred Acquisition expenses Operational and corporate expenses Interest expense 1,859 1,859 1,858 1,858 1,859 7,434 7,434 Total expenses 173,474 95,521 (6,284) 30,866 71, , ,998 (60,722) 4,341 65,238 27,259 (9,721) 36,116 (177,842) (Loss) income before taxes Income tax benefit (expense) Net (loss) income (attributable) available to DaVinciRe common shareholders (60,701) 4,789 Net claims and claim expenses incurred - current accident year 206,323 74,632 Net claims and claim expenses incurred - prior accident years Net claims and claim expenses incurred - total (36,607) 169,716 (1,814) 72,818 (747) (368) (157) (646) 64,491 26,891 (9,878) 35,470 68, ,765 9,867 (49,346) (39,479) 7,943 (3,351) 4,592 (6,652) 61, (177,131) (91,118) 207, ,961 (22,274) 475,687 Net claims and claim expense ratio - current accident year % 82.3 % 18.1 % 12.3 % % 96.9 % % Net claims and claim expense ratio - prior accident years (37.1)% (2.0)% (90.4)% (5.2)% (10.5)% (29.6)% (7.8)% Net claims and claim expense ratio - calendar year % 80.3 % (72.3)% 7.1 % 97.5 % 67.3 % % 2.0 % 23.0 % 57.4 % 38.0 % 13.0 % 25.5 % 2.7 % % % (14.9)% 45.1 % % 92.8 % % Underwriting expense ratio Combined ratio 6

10 Summary Consolidated Balance Sheets Assets Fixed maturity investments trading, at fair value Short term investments, at fair value Equity investments trading, at fair value Other investments, at fair value Investments in other ventures, under equity method Total investments Cash and cash equivalents Premiums receivable Prepaid reinsurance premiums Reinsurance recoverable Accrued investment income Deferred acquisition costs Receivable for investments sold Other assets Goodwill and other intangibles Total assets Liabilities, Noncontrolling Interests and Shareholders' Equity Liabilities Reserve for claims and claim expenses Unearned premiums Debt Reinsurance balances payable Payable for investments purchased Other liabilities Total liabilities Redeemable noncontrolling interest Shareholders' Equity Preference shares Common shares Additional paid-in capital Accumulated other comprehensive (loss) income Retained earnings Total shareholders' equity attributable to RenaissanceRe Total liabilities, noncontrolling interests and shareholders' equity Book value per common share 7 8,088,870 2,586, , , ,172 11,885,747 1,107,922 1,537, ,185 2,372,221 51, , , , ,418 18,676,196 7,814,779 2,461, , , ,307 11,545, ,041 1,787, ,496 1,204,059 46, , , , ,803 17,096,394 7,420,778 2,031, , , ,935 10,710, ,472 1,959, ,501 1,454,991 44, , , , ,187 17,023,378 7,404,761 1,616, , , ,232 10,221, ,973 1,684, ,921 1,572,321 43, , , , ,572 15,922,202 6,076,271 1,716, ,127 1,902, , ,609 11,579,416 2,051,700 4,952,498 2,058, ,749 1,970, , ,328 10,675,895 1,533,978 4,702,345 2,267, ,371 2,085, , ,100 10,669,889 1,493,428 4,912,727 1,961, ,995 1,758, , ,505 10,060,585 1,425,364 7,426, , , , ,974 9,503,439 1,361,592 1,304, ,546 1,586,630 42, , , , ,145 15,226,131 5,080,408 1,477, , , , ,771 9,538,250 1,296, , , , ,000 42,207 40,266 40,263 40, ,099 42,395 35,094 38,552 (1,433) (1,483) (1,101) 194 4,058,207 4,155,343 4,135,805 3,957,261 5,045,080 4,886,521 4,860,061 4,436,253 18,676,196 17,096,394 17,023,378 15,922, ,000 40,024 37, ,913,772 4,391,375 15,226,

11 Investment Portfolio - Composition Type of Investment U.S. treasuries 3,331, % 3,117, % 2,968, % 2,834, % 3,168, % Agencies 174, % 143, % 55, % 45, % 47, % Municipal 6, % 7, % 6, % 506, % 509, % Non-U.S. government 279, % 254, % 298, % 303, % 287, % Non-U.S. government-backed corporate 160, % 137, % 185, % 191, % 163, % 2,450, % 2,448, % 2,280, % 2,147, % 2,063, % Agency mortgage-backed 817, % 836, % 762, % 693, % 500, % Non-agency mortgage-backed 278, % 289, % 300, % 302, % 300, % Commercial mortgage-backed 282, % 257, % 248, % 197, % 202, % Corporate 306, % 321, % 315, % 183, % 182, % 8,088, % 7,814, % 7,420, % 7,404, % 7,426, % 2,586, % 2,461, % 2,031, % 1,616, % 991, % 10,675, % 10,276, % 9,452, % 9,021, % 8,418, % Equity investments trading, at fair value 310, % 413, % 432, % 387, % 388, % Other investments, at fair value 784, % 738, % 713, % 692, % 594, % 11,770, % 11,428, % 10,598, % 10,101, % 9,401, % 115, % 117, % 111, % 120, % 101, % Asset-backed Total fixed maturity investments, at fair value Short term investments, at fair value Total consolidated fixed maturity and short term investments, at fair value Total managed investment portfolio Investments in other ventures, under equity method 11,885,747 11,545,691 10,710,660 10,221,704 9,503,439 Total consolidated fixed maturity and short term investments, at fair value 10,675,390 10,276,194 9,452,721 9,021,358 8,418,418 Total investments Managed fixed maturity and short term investments portfolio (1) Weighted average yield to maturity of fixed maturity and short term investments 3.2% 3.1% 3.0% 2.9% 2.5% Average duration of fixed maturities and short term investments ,647,460 7,600,044 7,056,577 6,804,618 6,760,383 Retained fixed maturity and short term investments portfolio (2) Retained fixed maturity and short term investments, at fair value Weighted average yield to maturity of retained fixed maturity and short term investments 3.4% 3.3% 3.1% 3.0% 2.6% Average duration of retained fixed maturities and short term investments (1) Includes total consolidated fixed maturity and short term investments, at fair value, as presented on the Company's consolidated balance sheets. (2) Includes total consolidated fixed maturity and short term investments, at fair value, less the portion of fixed maturity and short term investments, at fair value attributable to redeemable noncontrolling interests, certain third party vehicles and joint ventures. See Comments on Regulation G for a reconciliation of non-gaap financial measures. 8

12 Investment Portfolio - Fixed Maturity Investments Credit Quality of Fixed Maturity Investments AAA 769, % 732, % 792, % 723, % 739, % 4,745, % 4,496, % 4,181, % 4,204, % 4,341, % A 928, % 880, % 853, % 889, % 813, % BBB 658, % 631, % 516, % 540, % 522, % Non-investment grade and not rated 986, % 1,074, % 1,075, % 1,046, % 1,008, % 7,426,555 AA Total fixed maturity investments, at fair value 8,088,870 7,814,779 7,420,778 7,404,761 Maturity Profile of Fixed Maturity Investments Due in less than one year 546, % 4,694, % 4,421, % 4,324, % 4,521, % Due after five through ten years 1,056, % 1,020, % 904, % 1,064, % 1,007, % 76, % 93, % 85, % 143, % 165, % 1,378, % 1,383, % 1,310, % 1,193, % 1,002, % 306, % 321, % 315, % 183, % 182, % 7,426,555 Asset-backed securities Total fixed maturity investments, at fair value 8,088, ,817 7,814, % 7,420, % 495, % Mortgage-backed securities 6.3% 383,353 4,762,712 Due after ten years 507,728 Due after one through five years 7,404, %

13 Summary of Other Investments Type of Investment Catastrophe bonds Private equity investments Senior secured bank loan funds Hedge funds Total other investments, at fair value Type of Investment Catastrophe bonds Private equity investments Senior secured bank loan funds Hedge funds Total other investments, at fair value 516, ,647 14,482 11, , , ,121 17,057 11, , % 30.9% 1.8% 1.4% % 25.0% 2.3% 1.6% 501, ,200 14,414 11, , % 26.1% 2.0% 1.6% 476, ,067 13,771 12, , % 27.4% 2.0% 1.8% 380, ,220 17, , % 32.9% 3.0% 0.1%

14 Total Investment Result Three months ended Fixed maturity investments Short term investments Equity investments trading Other investments Private equity investments Other Cash and cash equivalents Investment expenses Net investment income Gross realized gains Gross realized losses Net realized (losses) gains on fixed maturity investments Net unrealized gains (losses) on fixed maturity investments trading Net realized and unrealized (losses) gains on investments-related derivatives Net realized gains on equity investments trading Net unrealized (losses) gains on equity investments trading Net realized and unrealized (losses) gains on investments Total investment result Total investment return - annualized 60,189 11,231 1,383 55,725 9, ,416 7,633 1,490 Year ended 45,643 5, ,973 33,571 4, ,624 11,082 3,628 46,544 3, (11,672) (4,871) 1,102 57,362 (4,024) 53,338 8,723 8,665 1,104 84,523 (3,827) 80,696 3,860 10,658 1,039 75,096 (3,740) 71,356 (434) 8, ,799 (3,323) 56,476 13,215 12, ,310 (3,846) 73, ,475 3, ,780 (14,914) 261,866 33,999 8,067 1, ,596 (15,387) 222,209 6,339 (23,399) 5,229 (15,327) 5,133 (26,519) 4,583 (25,853) 6,068 (8,930) 21,284 (91,098) 49,121 (38,832) (17,060) (10,098) (21,386) (21,270) (2,862) (69,814) 10,289 16,212 (8,730) (9,420) (55,372) (40,461) (57,310) 8,479 (8,021) 5,898 2,563 21,259 1, (4,364) 234 1,854 30,291 (8,784) 27,739 (2,490) 80,027 (85,683) 8,636 11,519 (1,372) 3,462 (66,900) 39,517 (88,654) (35,316) 13,630 94,326 (175,069) 86, , ,031 (1.2)% 3.3% 11 (17,901) 53, % (82,144) (25,668) (1.0)% (7,716) 65, % 0.8% 3.6%

15 Investment Portfolio - Effective Yield and Credit Rating Credit Rating (1) Short term investments Fixed maturity investments U.S. treasuries Agencies Fannie Mae and Freddie Mac Other agencies Total agencies Municipal Non-U.S. government Non-U.S. government-backed corporate Corporate Mortgage-backed Residential mortgage-backed Agency securities Non-agency securities - Alt A Non-agency securities - Prime Total residential mortgage-backed Commercial mortgage-backed Total mortgage-backed Asset-backed Collateralized loan obligations Credit cards Auto loans Student loans Other Total asset-backed Total securitized assets Total fixed maturity investments Equity investments trading Other investments Catastrophe bonds Private equity investments Senior secured bank loan funds Hedge funds Total other investments Investments in other ventures Total investment portfolio (1) Amortized Cost Fair Value % of Total Investment Portfolio Weighted Average Yield to Maturity AAA AA A BBB 553 % 1, % 751 % Not Rated 2,586,520 2,586, % 2.1 % 2,579, % 3,336,969 3,331, % 2.5 % 3,331, ,638 56, ,185 6, , ,286 2,513, ,476 56, ,883 6, , ,063 2,450, % 0.5 % 1.5 % 0.1 % 2.4 % 1.3 % 20.6 % 3.1 % 2.9 % 3.0 % 4.8 % 2.7 % 2.8 % 4.9 % 207,103 55,843 41, ,476 56, ,883 1,044 61,233 49, ,653 4,546 8,216 54, , ,745 3, , , , ,888 52,817 1,092, ,495 1,376, , ,889 54,791 1,096, ,294 1,378, % 1.9 % 0.5 % 9.2 % 2.4 % 11.6 % 3.5 % 4.7 % 4.4 % 3.8 % 3.6 % 3.7 % ,407 7,114 18, , , ,618 9,312 3, ,103 57, ,807 2,448 1,442 3, ,785 9,132 2,084 11,216 9,534 20, ,553 22, , ,969 36,037 18,562 54,599 54, ,947 11,864 18,065 2,559 8, ,488 1,687,053 8,163, ,389 11,857 17,942 2,557 7, ,743 1,685,597 8,088, , % 0.1 % 0.2 % % 0.1 % 2.6 % 14.2 % 68.1 % 4.5 % 3.0 % 3.1 % 3.3 % 3.7 % 4.3 % 3.8 % 3.5 % 197,084 11,857 17,942 2,557 2, , , , % % 41,641 41, ,448 4,745, % % 1,669 1,669 6, , % % 27,664 1,765 29,429 50, , % % 516, ,647 14,482 11, , ,172 11,885, % 2.0 % 0.1 % 0.1 % 6.5 % 2.6 % 2, % NonInvestment Grade 177, , % % 516, ,571 % % % % 65.8% % % % % % 3,349,657 4,747, , ,336 1,418, % 39.9% 7.8% 5.6% 11.9% 1.0 % % 1,264 % 1,805 1,805 56,404 86, % 310, ,647 14,482 11, , % 115, , % The credit ratings included in this table are those assigned by Standard & Poor s Corporation ("S&P"). When ratings provided by S&P were not available, ratings from other nationally recognized rating agencies were used. The Company has grouped short term investments with an A-1+ and A-1 short term issue credit rating as AAA, short term investments with an A-2 short term issue credit rating as AA and short term investments with an A-3 short term issue credit rating as A. 12

16 Reserves for Claims and Claim Expenses Additional Case Reserves Case Reserves Property Casualty and Specialty Other Total Property Casualty and Specialty Other Total Property Casualty and Specialty Other Total Property Casualty and Specialty Other Total Property Casualty and Specialty Other Total , ,537 1,458 1,463, , ,732 3,240 1,387, , ,149 4,433 1,386, , ,809 4,999 1,447, , ,962 6,605 1,392,852 IBNR 1,308, ,877 1,425, , , , , , , , , , , ,923 1,021,445 Total 1,087,229 2,096,979 3,166 3,187, ,220 1,940,244 3,108 2,717, ,642 1,871,468 4,495 2,444, ,209 1,801,361 8,269 2,496, ,583 1,760,607 11,921 2,666,111 3,086,254 2,985,393 4,624 6,076,271 2,129,543 2,816,607 6,348 4,952,498 1,966,734 2,726,683 8,928 4,702,345 2,238,909 2,660,550 13,268 4,912,727 2,486,390 2,575,492 18,526 5,080,408

17 Paid to Incurred Analysis Three months ended Reserve for claims and claim expenses, beginning of period Incurred claims and claim expenses Current year Prior years Total incurred claims and claim expenses Paid claims and claim expenses Current year Prior years Total paid claims and claim expenses Foreign exchange Reserve for claims and claim expenses, end of period Gross Recoveries Net Gross Recoveries Net 4,952,498 1,204,059 3,748,439 5,192,313 1,588,304 3,604,009 1,843,454 (82,478) 1,760,976 1,292,047 (8,709) 1,283, ,407 (73,769) 477, ,023 (41,852) Recoveries Net Gross 5,080,408 1,586,630 3,493,778 2,848,294 1,519,758 (61,240) 1,458,518 1,390,767 (270,749) 1,120,018 3,464,548 (44,160) 3,420, ,756 54, , ,344 1,121, , , ,484 1,567, , ,769 1,226,828 (14,987) (10) (14,977) 38,554 6,076,271 2,372,221 3,704,050 5,080, ,845 12, , ,586, ,397 (37,333) 304, , , ,729 5,434 3,493,778 Year ended Gross 2,910,525 (331,989) 2,578, ,626 (4,519) 192, , ,378 43, , , ,798 71, , , , , , ,514 (2,027) (2) (2,025) 5,438 6,076,271 2,372,221 3,704,050 5,080,408 Year ended Reserve for claims and claim expenses, beginning of period Incurred claims and claim expenses Current year Prior years Total incurred claims and claim expenses Paid claims and claim expenses Current year Prior years Total paid claims and claim expenses Foreign exchange Reserve for claims and claim expenses, end of period Three months ended Recoveries 279,564 1,562,124 (3,164) 1,558, ,817 60, , ,586,630 Net 2,568,730 1,902,424 (40,996) 1,861, , , ,825 38,445 3,493,778

18 Fee Income The table below reflects the total fee income earned through third-party capital management as well as various joint ventures and certain structured retrocession agreements to which the Company is a party. Joint ventures include DaVinciRe Holdings Ltd. ("DaVinciRe"), Top Layer Reinsurance Ltd. ("Top Layer Re") and certain entities investing in Langhorne Holdings LLC. Managed funds include RenaissanceRe Upsilon Fund Ltd. and RenaissanceRe Medici Fund Ltd. Structured reinsurance products include Fibonacci Reinsurance Ltd., as well as certain other reinsurance contracts which transfer risk to capital. Three months ended Year ended Management fee income Joint ventures 3,628 9,265 7,125 6, ,387 15,358 Managed funds 3,051 3,260 2,745 2, ,462 3,659 Structured reinsurance products 8,213 8,530 7,958 8,611 8,944 33,312 31,177 Total management fee income 14,892 21,055 17,828 17,386 10,080 71,161 50,194 9,429 Performance fee income (loss) 853 6,869 4, ,093 Managed funds (4,430) 2,539 1, Structured reinsurance products (5,020) (1,568) 6,802 3,366 1,185 3,580 4,719 Total performance fee (loss) income (1) (6,257) 1,824 14,846 8,322 2,175 18,735 14,345 Joint ventures Total fee income (1) 3,193 8,635 22,879 32,674 25,708 12,255 89,896 64,539 Performance fees are based on the performance of the individual vehicles and/or product, and could be negative in any given quarter when large losses occur, which can result in the reversal of previously accrued performance fees. 15

19 Earnings per Share Three months ended (common shares in thousands) Numerator: Net (loss) income (attributable) available to RenaissanceRe common shareholders Amount allocated to participating common shareholders (1) Denominator: Denominator for basic (loss) income per RenaissanceRe common share Weighted average common shares Per common share equivalents of employee stock options and restricted shares Denominator for diluted (loss) income per RenaissanceRe common share Adjusted weighted average common shares and assumed conversions Basic (loss) income per RenaissanceRe common share Diluted (loss) income per RenaissanceRe common share (83,906) (157) (84,063) 32,681 (294) 32, ,788 (2,174) 189,614 56,713 (546) 56,167 (3,452) (113) (3,565) 40,111 39,624 39,641 39,552 39, ,111 39,637 39,654 39,599 39,478 (2.10) (2.10) (0.09) (0.09) Year ended (common shares in thousands) Numerator: Net income (loss) available (attributable) to RenaissanceRe common shareholders Amount allocated to participating common shareholders (1) Denominator: Denominator for basic income (loss) per RenaissanceRe common share Weighted average common shares Per common share equivalents of employee stock options and restricted shares Denominator for diluted income (loss) per RenaissanceRe common share Adjusted weighted average common shares and assumed conversions Basic income (loss) per RenaissanceRe common share Diluted income (loss) per RenaissanceRe common share (1) 197,276 (244,770) (2,121) (457) 195,155 (245,227) 39,732 39, ,755 39, (6.15) (6.15) Represents earnings attributable to holders of unvested restricted shares issued pursuant to the Company's 2001 Stock Incentive Plan, 2010 Performance-Based Equity Incentive Plan, 2016 Long-Term Incentive Plan and to the Company's non-employee directors. 16

20 Equity in Earnings of Other Ventures Three months ended Tower Hill Companies Top Layer Re Other Total equity in earnings of other ventures 1,331 2, ,143 4,629 2, ,648 Year ended 4,555 1,999 (728) 5,826 (910) 2,033 (266) 857 (412) 1, ,200 9,605 8, ,474 (1,647) 9,851 (174) 8,030 Other Income (Loss) Three months ended Assumed and ceded reinsurance contracts accounted for at fair value or as deposits Other items Total other income (loss) 5, , (46) ,225 Year ended (1,523) 281 (1,242) 1,230 1,132 2,362 8, ,415 4,807 1,162 5,969

21 Ratings A.M. Best S&P Moody's Fitch Renaissance Reinsurance (1) DaVinci (1) Renaissance Reinsurance U.S. (1) RenaissanceRe Specialty U.S. (1) Renaissance Reinsurance of Europe (1) Top Layer Re (1) Vermeer Reinsurance Ltd. (1) A+ A A+ A+ A+ A+ A A+ A+ A+ A+ A+ AA A1 A3 A+ Syndicate 1458 Lloyd's Overall Market Rating (2) A A+ AA- Very Strong Very Strong RenaissanceRe (3) (1) The A.M. Best, S&P, Moody's and Fitch ratings for the companies set forth in the table above reflect the insurer's financial strength rating and, in addition to the insurer s financial strength rating, the S&P ratings reflect the insurer's issuer credit rating. (2) The A.M. Best, S&P and Fitch ratings for the Lloyd's Overall Market Rating represent Syndicate 1458's financial strength rating. (3) The A.M. Best rating for RenaissanceRe refers to the Enterprise Risk Management ("ERM") A.M. Best score within A.M. Best s credit ratings methodology. The S&P rating for RenaissanceRe represents the rating on its ERM practices. 18

22 Gross Premiums Written Three months ended Property Segment Catastrophe Other property Property segment gross premiums written Casualty and Specialty Segment Professional liability (1) General casualty (2) Financial lines (3) Other (4) Casualty and Specialty segment gross premiums written (1) (2) (3) (4) 108,937 90, , ,391 75, ,330 89, , ,536 97,026 69,253 46, , ,167 50, ,837 Year ended 590, , ,968 1,349, ,602 1,760,926 1,104, ,987 1,440, , , ,627 97, ,648 88,215 85, , ,626 93,267 75, ,075 80,538 83,157 31, , , ,600 1,549,501 35,012 60,154 95, , , , , , , , ,120 1,357,110 Includes directors and officers, medical malpractice, and professional indemnity. Includes automobile liability, casualty clash, employer s liability, umbrella or excess casualty, workers compensation and general liability Includes financial guaranty, mortgage guaranty, political risk, surety and trade credit. Includes accident and health, agriculture, aviation, cyber, energy, marine, satellite and terrorism. Lines of business such as regional multi-line and whole account may have characteristics of various other classes of business, and are allocated accordingly. 19

23 Property Segment Supplemental Underwriting Results Three months ended Catastrophe Gross premiums written Net premiums written Net premiums earned Net claims and claim expenses incurred Acquisition expenses Operational expenses Underwriting (loss) income Net claims and claim expenses incurred - current accident year Net claims and claim expenses incurred - prior accident years Net claims and claim expenses incurred - total Net claims and claim expense ratio - current accident year Net claims and claim expense ratio - prior accident years Net claims and claim expense ratio - calendar year Underwriting expense ratio Combined ratio Other Property 108,937 79, , ,810 23,165 30,984 (13,852) 238,402 (45,592) 192,810 90,981 91,438 95,478 82,890 27,652 6,037 (21,101) 85,716 (2,826) 82, % (3.0)% 86.8 % 35.3 % % % (19.6)% 82.7 % 23.2 % % 324,118 (48,418) 275, % (14.7)% 83.9 % 26.7 % % Other Property Gross premiums written Net premiums written Net premiums earned Net claims and claim expenses incurred Acquisition expenses Operational expenses Underwriting income (loss) 1,349, , , ,713 77,950 93, ,857 Net claims and claim expenses incurred - current accident year Net claims and claim expenses incurred - prior accident years Net claims and claim expenses incurred - total Net claims and claim expense ratio - current accident year Net claims and claim expense ratio - prior accident years Net claims and claim expense ratio - calendar year Underwriting expense ratio Combined ratio 476,190 (193,477) 282, % (27.2)% 39.8 % 24.2 % 64.0 % 20 Catastrophe 199, , , ,700 50,817 37,021 (34,953) Year ended Catastrophe Three months ended Total Other Property 35,012 22, , ,237 18,787 13,930 (27,266) 165,171 (19,934) 145, % (13.2)% 96.4 % 21.7 % % 45,169 (8,694) 36, % (13.5)% 56.7 % 36.2 % 92.9 % Catastrophe Other Property 411, , , ,182 99,962 19,057 6,213 1,760,926 1,055,188 1,050, , , , ,070 1,104, , ,990 1,083,376 36,928 77,052 (496,366) 242,995 (27,813) 215,182 1,127,699 (44,323) 1,083, % (8.2)% 63.2 % 35.0 % 98.2 % 95,166 82, , ,712 38,699 17,353 (22,718) 210,340 (28,628) 181, % (13.3)% 84.5 % 26.1 % % Year ended Total Total 60,154 59,722 64,358 36,475 19,912 3,423 4, ,185 (221,290) 497, % (21.0)% 47.4 % 27.7 % 75.1 % % (6.4)% % 16.3 % % Total 335, , , ,609 76,888 17,142 (78,559) 1,440, , ,070 1,297, ,816 94,194 (574,925) 215,882 (1,273) 214,609 1,343,581 (45,596) 1,297, % (0.5)% 93.3 % 40.8 % % % (4.9)% % 22.3 % %

24 Comments on Regulation G In addition to the GAAP financial measures set forth in this Financial Supplement, the Company has included certain non-gaap financial measures within the meaning of Regulation G. The Company has consistently provided these financial measures in previous investor communications and the Company's management believes that these measures are important to investors and other interested persons, and that investors and such other persons benefit from having a consistent basis for comparison between quarters and for comparison with other companies within the industry. These measures may not, however, be comparable to similarly titled measures used by companies outside of the insurance industry. Investors are cautioned not to place undue reliance on these non-gaap measures in assessing the Company's overall financial performance. The Company uses operating income (loss) available (attributable) to RenaissanceRe common shareholders as a measure to evaluate the underlying fundamentals of its operations and believes it to be a useful measure of its corporate performance. Operating income (loss) available (attributable) to RenaissanceRe common shareholders as used herein differs from net (loss) income (attributable) available to RenaissanceRe common shareholders, which the Company believes is the most directly comparable GAAP measure, by the exclusion of net realized and unrealized gains and losses on investments, and the associated income tax expense or benefit, and the exclusion of the write-down of a portion of the Company's deferred tax asset as a result of the reduction in the U.S. corporate tax rate from 35% to 21% effective January 1, pursuant to the Tax Cuts and Jobs Act of (the "Tax Bill"), which was enacted on December 22,. The Company's management believes that operating income (loss) available (attributable) to RenaissanceRe common shareholders is useful to investors because it more accurately measures and predicts the Company's results of operations by removing the variability arising from fluctuations in the Company's fixed maturity investment portfolio, equity investments trading and investments-related derivatives, the associated income tax expense or benefit of those fluctuations, and the non-recurring impact of the write-down of a portion of the Company's deferred tax assets as a result of the Tax Bill. The Company also uses operating income (loss) available (attributable) to RenaissanceRe common shareholders to calculate operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted and operating return on average common equity - annualized. The following is a reconciliation of: 1) net (loss) income (attributable) available to RenaissanceRe common shareholders to operating income (loss) available (attributable) to RenaissanceRe common shareholders; 2) net (loss) income (attributable) available to RenaissanceRe common shareholders per common share - diluted to operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted; and 3) return on average common equity - annualized to operating return on average common equity annualized: 21

25 Three months ended Net (loss) income (attributable) available to RenaissanceRe common shareholders Adjustment for net realized and unrealized losses (gains) on investments (83,906) 88,654 Adjustment for deferred tax asset write-down (1) 32,681 (13,630) Adjustment for income tax (benefit) expense (2) 191,788 (58) 1,168 20, ,631 Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share - diluted (2.10) Adjustment for deferred tax asset write-down (1) Adjustment for income tax (benefit) expense (2) 2.21 (0.34) (0.09) 1,536 Operating income (loss) available (attributable) to RenaissanceRe common shareholders Adjustment for net realized and unrealized losses (gains) on investments 17,901 (3,580) Year ended (3,452) 82,144 7,716 36,705 (3,648) ,276 (244,770) 175,069 (135,822) , ,713 41,353 (0.09) (0.09) 36,705 (5,750) 11, ,595 (332,300) (3.41) 0.01 (6.15) 0.92 (0.14) 0.29 Operating income (loss) available (attributable) to RenaissanceRe common shareholders per common share diluted 0.02 Return on average common equity - annualized (7.8)% 3.1 % 18.6 % 5.7 % (0.3)% 4.7 % (5.7)% 8.2 % (1.3)% 1.7 % 8.2 % 0.8 % 4.2 % (3.2)% Adjustment for net realized and unrealized losses (gains) on investments (8.35) Adjustment for deferred tax asset write-down (1) % % % % 3.7 % % 0.9 % Adjustment for income tax (benefit) expense (2) (0.3)% 0.1 % % (0.4)% % (0.1)% 0.3 % 0.1 % 1.9 % 20.3 % 13.5 % 4.2 % 8.8 % (7.7)% Operating return on average common equity - annualized (1) Adjustment for deferred tax asset write-down represents the write-down of a portion of the Company's deferred tax asset as a result of the reduction in the U.S. corporate tax rate from 35% to 21% effective January 1, pursuant to the Tax Bill, which was enacted on December 22,. (2) Adjustment for income tax (benefit) expense represents the income tax benefit (expense) associated with the adjustment for net realized and unrealized losses (gains) on investments. The income tax impact is estimated by applying the statutory rates of applicable jurisdictions, after consideration of other relevant factors. 22

26 Comments on Regulation G The Company has included in this Financial Supplement tangible book value per common share and tangible book value per common share plus accumulated dividends. Tangible book value per common share is defined as book value per common share excluding goodwill and intangible assets per share. Tangible book value per common share plus accumulated dividends is defined as book value per common share excluding goodwill and intangible assets per share, plus accumulated dividends. The Company's management believes tangible book value per common share and tangible book value per common share plus accumulated dividends are useful to investors because they provide a more accurate measure of the realizable value of shareholder returns, excluding the impact of goodwill and intangible assets. The following is a reconciliation of book value per common share to tangible book value per common share and tangible book value per common share plus accumulated dividends: At Book value per common share Adjustment for goodwill and other intangibles (1) Tangible book value per common share Adjustment for accumulated dividends Tangible book value per common share plus accumulated dividends Quarterly change in book value per common share Quarterly change in tangible book value per common share plus change in accumulated dividends Year to date change in book value per common share Year to date change in tangible book value per common share plus change in accumulated dividends (1) (6.28) (6.63) (6.69) (6.66) (6.49) (1.0)% 0.6% 4.3% 0.6% (0.3)% (0.4)% 4.4 % 1.1% 5.5% 4.9% 4.9% 0.8% 0.6% 0.1 % (8.0)% 6.4 % 6.8% 5.7% 0.8% (7.2)% At,,, and, goodwill and other intangibles included 27.7 million, 28.4 million, 29.1 million, 26.3 million and 16.7 million, respectively, of goodwill and other intangibles included in investments in other ventures, under equity method. 23

27 Comments on Regulation G The Company has included in this Financial Supplement retained fixed maturity and short term investments, at fair value. Retained fixed maturity and short term investments, at fair value" is defined as total consolidated fixed maturity and short term investments, at fair value, less the portion of fixed maturity and short term investments, at fair value attributable to redeemable noncontrolling interests, certain third party vehicles and joint ventures. Retained fixed maturity and short term investments, at fair value differs from total consolidated fixed maturity and short term investments, at fair value, which the Company believes is the most directly comparable GAAP measure, due to the exclusion of fixed maturity and short term investments, at fair value, attributable to redeemable noncontrolling interests, certain third party vehicles and joint ventures. The Company's management believes retained fixed maturity and short term investments, at fair value is useful to investors and other interested parties because it provides a measure of the portion of the Company's fixed maturity and short term investments, at fair value, that impacts the investment results included in net (loss) income (attributable) available to RenaissanceRe common shareholders. A reconciliation of total consolidated fixed maturity and short term investments, at fair value, to retained fixed maturity and short term investments, at fair value is included below: At Fixed maturity investments, at fair value Short term investments, at fair value Total consolidated fixed maturity and short term investments, at fair value Adjustment for fixed maturity and short term investments attributable to redeemable noncontrolling interests, certain third party vehicles and joint ventures Retained fixed maturity and short term investments, at fair value 8,088,870 2,586,520 10,675,390 7,814,779 2,461,415 10,276,194 7,420,778 2,031,943 9,452,721 7,404,761 1,616,597 9,021,358 7,426, ,863 8,418,418 (3,027,930) (2,676,150) (2,396,144) (2,216,740) (1,658,035) 7,647,460 7,600,044 7,056,577 6,804,618 6,760,383 24