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April 28 , 2021 RenaissanceRe Ⓡ RenaissanceRe Reports Net Loss Attributable to Common Shareholders of $ 290.9 Million ; Operating Income Available to Common Shareholders of $ 4.4 Million in the First Quarter of 2021. Gross Premiums Written Increased by 30.9 % . • Grew gross premiums written by 30.9 % , with 32.5 % growth in the Property segment and 28.6 % in the Casualty and Specialty segment . • Major winter storms in February 2021 , referred to as Winter Storm Uri , caused widespread damage in the U.S. , predominately in Texas , and had a $ 179.8 million net negative impact on net loss attributable to common shareholders , primarily in the Property segment . Repurchased 1.1 million common shares at an average price of $ 159.47 per common share in the first quarter , with additional repurchases of 330 thousand common shares from April 1 , 2021 through April 23 , 2021 at an average price of $ 167.62 per common share . PEMBROKE , Bermuda -- ( BUSINESS WIRE ) -- Renaissance Re Holdings Ltd. ( NYSE : RNR ) ( " RenaissanceRe " or the " Company " ) today announced its financial results for the three months ended March 31 , 2021 . Net Loss Attributable to Common Shareholders per Diluted Common Share : $ ( 5.87 ) Operating Income Available to Common Shareholders per Diluted Common Share * : Underwriting Loss $ ( 35.8 ) M $ 0.09 Fee Income $ 24.0M Net Investment Income $ 79.8M Change in Book Value per Common Share : ( 5.3 ) % Change in Tangible Book Value per Common Share Plus Change in Accum . Dividends * : ( 5.3 ) % * Operating Income Available to Common Shareholders per Diluted Common Share and Change in Tangible Book Value per Common Share Plus Change in Accumulated Dividends are non - GAAP financial measures , see " Comments on Regulation G " for a reconciliation of non - GAAP financial measures . Kevin J. O'Donnell , President and Chief Executive Officer , said , “ We materially grew our underwriting portfolio while returning significant capital to our shareholders during a quarter that was negatively impacted by Winter Storm Uri and volatile capital markets . Going forward , we anticipate additional opportunities to grow into a broadly improving market by