• Common Share Offering - on June 5, 2020, we issued 6,325,000 of our common shares in an underwritten public offering at a public offering price of $166.00 per share. Concurrently with the public offering, we raised $75.0 million through the issuance of 451,807 of our common shares at a price of $166.00 per share to State Farm, one of our existing stockholders, in a private placement. The total net proceeds from the offerings were $1.1 billion. Net Negative Impact Net negative impact on underwriting result includes the sum of (1) net claims and claim expenses incurred, (2) assumed and ceded reinstatement premiums earned and (3) earned and lost profit commissions. Net negative impact on net income (loss) available (attributable) to RenaissanceRe common shareholders is the sum of (1) net negative impact on underwriting result and (2) redeemable noncontrolling interest, before consideration of any related income tax benefit (expense). Our estimates of net negative impact are based on a review of our potential exposures, preliminary discussions with certain counterparties and actuarial modeling techniques. Our actual net negative impact, both individually and in the aggregate, may vary from these estimates, perhaps materially. Changes in these estimates will be recorded in the period in which they occur. Meaningful uncertainty remains regarding the estimates and the nature and extent of the losses from catastrophe events, driven by the magnitude and recent nature of each event, the geographic areas impacted by the events, relatively limited claims data received to date, the contingent nature of business interruption and other exposures, potential uncertainties relating to reinsurance recoveries and other factors inherent in loss estimation, among other things. 2021 Net Negative Impact The financial data in the table below provides additional information detailing the net negative impact of the 2021 Weather-Related Large Losses on our consolidated financial statements in 2021. Year ended December 31, 2021 Winter Storm Uri European Floods Hurricane Ida Other 2021 Catastrophe Events (1) Aggregate Losses (2) Total 2021 Weather- Related Large Losses (3) (in thousands) Net claims and claims expenses incurred $ (358,937) $ (360,644) $ (741,285) $ (85,941) $ (161,093) $ (1,707,900) Assumed reinstatement premiums earned 86,626 90,346 156,061 9,939 6,140 349,112 Ceded reinstatement premiums earned (11,045) (16,372) (27,467) — — (54,884) Earned (lost) profit commissions 773 8,084 — 1,645 — 10,502 Net negative impact on underwriting result (282,583) (278,586) (612,691) (74,357) (154,953) (1,403,170) Redeemable noncontrolling interest - DaVinciRe 91,966 84,082 179,403 15,660 37,175 408,286 Redeemable noncontrolling interest - Vermeer 10,000 — 21,403 1,422 — 32,825 Redeemable noncontrolling interest 101,966 84,082 200,806 17,082 37,175 441,111 Net negative impact on net income (loss) available (attributable) to RenaissanceRe common shareholders $ (180,617) $ (194,504) $ (411,885) $ (57,275) $ (117,778) $ (962,059) 74