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October 25 , 2021 RenaissanceRe Ⓡ RenaissanceRe Reports Net Loss Attributable to Common Shareholders of $ 450.2 Million ; Operating Loss Attributable to Common Shareholders of $ 414.5 Million in the Third Quarter of 2021 • Hurricane Ida , severe flooding in Northwestern Europe , and aggregate losses associated with these and other events contributed to a $ 726.8 million net negative impact on net loss attributable to common shareholders . • Strong growth in gross premiums written of $ 631.1 million , or 55.2 % , across both segments ; included $ 254.9 million of reinstatement premiums associated with the Q3 2021 Weather - Related Large Losses in the Property segment , which accounted for approximately one - third of the overall growth . • Repurchased $ 223.8 million of common shares in the third quarter ; aggregate of $ 704.5 million of common shares repurchased in the first three quarters of 2021 ; and an additional $ 75.3 million of common shares repurchased from October 1 , 2021 through October 21 , 2021 . PEMBROKE , Bermuda -- ( BUSINESS WIRE ) -- Renaissance Re Holdings Ltd. ( NYSE : RNR ) ( " Renaissance Re " or the " Company " ) today announced its financial results for the three months ended September 30 , 2021 . Net Loss Attributable to Common Shareholders per Diluted Common Share : $ ( 9.75 ) Operating Loss Attributable to Common Shareholders per Diluted Common Share * : Underwriting Loss $ ( 678.8 ) M $ ( 8.98 ) Fee Income $ 28.3M Net Investment Income $ 78.3M Change in Book Value per Common Share : ( 7.5 ) % Change in Tangible Book Value per Common Share Plus Change in Accum . Dividends * : ( 7.6 ) % * Annualized Operating Return on Average Common Equity , Operating ( Loss ) Income ( Attributable ) Available to Common Shareholders , Operating ( Loss ) Income ( Attributable ) 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 , " This was another active season for natural catastrophes and while our results for the third quarter reflect this volatility , we have maintained a robust capital position and our business fundamentals remain strong . As we look forward to 2022 , our fortress balance sheet provides us with great flexibility to create value for shareholders . We believe we will have ample capacity to renew