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July 22 , 2021 RenaissanceRe Ⓡ RenaissanceRe Reports Net Income Available to Common Shareholders of $ 456.8 Million ; Operating Income Available to Common Shareholders of $ 278.1 Million in the Second Quarter of 2021. Reports Strong Growth in Gross Premiums Written . • 27.6 % annualized return on average common equity ; 16.8 % annualized operating return on average common equity . • 72.4 % combined ratio ; 48.0 % current accident year net claims and claim expense ratio . • Continued strong top - line growth across both segments ; 23.1 % growth in gross premiums written ; representing 38.1 % growth in the Casualty and Specialty segment and 13.5 % growth in the Property segment . • Repurchased $ 309.0 million of common shares in the second quarter ; aggregate of $ 480.7 million of common shares repurchased in the first half of 2021 ; and an additional $ 137.5 million of common shares repurchased from July 1 , 2021 through July 19 , 2021 . • Continued growth in the Capital Partners business , primarily driven by capital raises in Upsilon RFO and Medici , with Medici's capital surpassing $ 1 billion . PEMBROKE , Bermuda -- ( BUSINESS WIRE ) -- RenaissanceRe Holdings Ltd. ( NYSE : RNR ) ( " RenaissanceRe " or the " Company " ) today announced its financial results for the three months ended June 30 , 2021 . * Net Income Available to Common Shareholders per Diluted Common Share : $ 9.35 Operating Income Available to Common Shareholders per Diluted Common Share * : Underwriting Income $ 329.0M $ 5.64 Fee Income $ 46.2M Net Investment Income $ 80.9M Change in Book Value per Common Share : 6.3 % Change in Tangible Book Value per Common Share Plus Change in Accum . Dividends * : 6.7 % Annualized Operating Return on Average Common Equity , Operating Income Available to Common Shareholders , 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 delivered a solid quarter for our shareholders , characterized by strong underwriting growth , high quality fee