SUMMARY OF RESULTS OF OPERATIONS (in thousands, except per share amounts and percentages) Statements of Operations Highlights Year ended December 31, 2021 2020 2019 Gross premiums written $ 7,833,798 $ 5,806,165 $ 4,807,750 Net premiums written $ 5,939,375 $ 4,096,333 $ 3,381,493 Net premiums earned $ 5,194,181 $ 3,952,462 $ 3,338,403 Net claims and claim expenses incurred 3,876,087 2,924,609 2,097,021 Acquisition expenses 1,214,858 897,677 762,232 Operational expenses 212,184 206,687 222,733 Underwriting income (loss) $ (108,948) $ (76,511) $ 256,417 Net investment income $ 319,479 $ 354,038 $ 424,207 Net realized and unrealized gains (losses) on investments (218,134) 820,636 414,109 Total investment result $ 101,345 $ 1,174,674 $ 838,316 Net income (loss) $ (103,440) $ 993,058 $ 950,267 Net income (loss) available (attributable) to RenaissanceRe common shareholders $ (73,421) $ 731,482 $ 712,042 Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted $ (1.57) $ 15.31 $ 16.29 Dividends per common share $ 1.44 $ 1.40 $ 1.36 Key Ratios Year ended December 31, 2021 2020 2019 Net claims and claim expense ratio – current accident year 79.4 % 78.6 % 63.6 % Net claims and claim expense ratio – prior accident years (4.8) % (4.6) % (0.8) % Net claims and claim expense ratio – calendar year 74.6 % 74.0 % 62.8 % Underwriting expense ratio 27.5 % 27.9 % 29.5 % Combined ratio 102.1 % 101.9 % 92.3 % Return on average common equity (1.1) % 11.7 % 14.1 % Book Value At December 31, 2021 2020 2019 Book value per common share $ 132.17 $ 138.46 $ 120.53 Accumulated dividends per common share 23.52 22.08 20.68 Book value per common share plus accumulated dividends $ 155.69 $ 160.54 $ 141.21 Change in book value per common share plus change in accumulated dividends (3.5) % 16.0 % 17.1 % Balance Sheet Highlights At December 31, 2021 2020 2019 Total assets $ 33,959,502 $ 30,820,580 $ 26,330,094 Total shareholders’ equity attributable to RenaissanceRe $ 6,624,281 $ 7,560,248 $ 5,971,367 71