COVID-19 Losses In 2020, losses related to the COVID-19 pandemic resulted in a net negative impact on net income available to RenaissanceRe common shareholders of $286.6 million, which reflects a net negative impact on underwriting result of $351.9 million, offset by redeemable noncontrolling interest of $65.4 million. The net negative impact on underwriting result had a 8.9 percentage point impact on the consolidated combined ratio, and is comprised of net claims and claims expenses incurred of $385.6 million, offset by net reinstatement premiums earned and earned profit commissions of $33.6 million. The net negative impact on underwriting result was $235.0 million in the Property Segment, principally representing the cost of claims incurred but not yet reported with respect to exposures such as business interruption coverage, and $117.0 million for the Casualty and Specialty segment, primarily representing the cost of claims incurred but not yet reported, with respect to exposures such as event contingency and event-based casualty covers. 2019 Net Negative Impact The financial data below provides additional details regarding the net negative impact of certain events on our consolidated results of operations in 2019. .ear ended December 31, 2019 )yAhoon Hagibis &3 2019 CatastroAhe Gents 2019 ggregate Losses )otal 2019 Large Loss Gents (in thousands) Net claims and claims expenses incurred $ (199,305) $ (187,188) $ (97,591) $ (484,084) Assumed reinstatement premiums earned 28,829 24,596 183 53,608 Ceded reinstatement premiums earned (219) (574) — (793) Earned (lost) profit commissions 7,509 3,100 1,740 12,349 Net negative impact on underwriting result (163,186) (160,066) (95,668) (418,920) Redeemable noncontrolling interest - DaVinciRe 35,078 22,677 12,932 70,687 Net negative impact on net income (loss) available (attributable) to RenaissanceRe common shareholders $ (128,108) $ (137,389) $ (82,736) $ (348,233) The financial data below provides additional information detailing the net negative impact of certain events on our segment underwriting results and consolidated combined ratio in 2019. .ear ended December 31, 2019 )yAhoon Hagibis &3 2019 CatastroAhe Gents 2019 ggregate Losses )otal 2019 Large Loss Gents (in thousands, except percentages) Net negative impact on Property segment underwriting result $ (161,654) $ (157,064) $ (95,668) $ (414,386) Net negative impact on Casualty and Specialty segment underwriting result (1,532) (3,002) — (4,534) Net negative impact on underwriting result $ (163,186) $ (160,066) $ (95,668) $ (418,920) Percentage point impact on consolidated combined ratio 5.0 4.9 2.8 12.9 77