Year ended December 31, 2020 ProAertJ asFaltJ and (Aec:altJ $ther Total Gross premiums written $ 2,999,142 $ 2,807,023 $ — $ 5,806,165 Net premiums written $ 2,037,200 $ 2,059,133 $ — $ 4,096,333 Net premiums earned $ 1,936,215 $ 2,016,247 $ — $ 3,952,462 Net claims and claim expenses incurred 1,435,947 1,488,662 — 2,924,609 Acquisition expenses 353,700 543,977 — 897,677 Operational expenses 135,547 71,140 — 206,687 Underwriting income (loss) $ 11,021 $ (87,532) $ — (76,511) Net investment income 354,038 354,038 Net foreign exchange gains (losses) 27,773 27,773 Equity in earnings of other ventures 17,194 17,194 Other income (loss) 213 213 Net realized and unrealized gains (losses) on investments 820,636 820,636 Corporate expenses (96,970) (96,970) Interest expense (50,453) (50,453) Income (loss) before taxes and redeemable noncontrolling interests 995,920 Income tax (expense) benefit (2,862) (2,862) Net (income) loss attributable to redeemable noncontrolling interests (230,653) (230,653) Dividends on preference shares (30,923) (30,923) Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 731,482 Net claims and claim expenses incurred – current accident year $ 1,592,996 $ 1,515,425 $ — $ 3,108,421 Net claims and claim expenses incurred – prior accident years (157,049) (26,763) — (183,812) Net claims and claim expenses incurred – total $ 1,435,947 $ 1,488,662 $ — $ 2,924,609 Net claims and claim expense ratio – current accident year 82.3 % 75.2 % 78.6 % Net claims and claim expense ratio – prior accident years (8.1) % (1.4) % (4.6) % Net claims and claim expense ratio – calendar year 74.2 % 73.8 % 74.0 % Underwriting expense ratio 25.2 % 30.5 % 27.9 % Combined ratio 99.4 % 104.3 % 101.9 % F-75