RenaissanceRe Holdings Ltd 2025年季度报告

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-Q OR (Exact Name Of Registrant As Specified In Its Charter) (Address of Principal Executive Offices)(Zip Code) (441)295-4513 (Registrant’s telephone number, including area code)Not Applicable (Former name, former address and former fiscal year, if changed since last report)Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒, Accelerated filer☐, Non-accelerated filer☐, Smaller reporting company☐, Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒The number of Common Shares, par value U.S. $1.00 per share, outstanding at April21, 2025 was48,650,085. RENAISSANCERE HOLDINGS LTD. TABLE OF CONTENTS GLOSSARY OF DEFINED TERMS3NOTE ON FORWARD-LOOKING STATEMENTS5 ITEM 1.FINANCIAL STATEMENTS7ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTSOF OPERATIONS54ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK91ITEM 4.CONTROLS AND PROCEDURES91 PART IIITEM 1.LEGAL PROCEEDINGSITEM 1A.RISK FACTORSITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSITEM 3.DEFAULTS UPON SENIOR SECURITIESITEM 4.MINE SAFETY DISCLOSURESITEM 5.OTHER INFORMATIONITEM 6.EXHIBITS SIGNATURES94 GLOSSARY OF DEFINED TERMS In this Form 10-Q, references to “RenaissanceRe” refer to RenaissanceRe Holdings Ltd. (the parent company) andreferences to “we,” “us,” “our” and the “Company” refer to RenaissanceRe Holdings Ltd. together with its subsidiaries,unless the context requires otherwise. the Baltimore Bridge Collapse, Hurricane Milton, Hurricane Helene, a series ofsevere convective storms impacting the Southern and Midwest United States,the Hualien earthquake which impacted Taiwan in April 2024, a severehailstorm which impacted Calgary in August 2024, Hurricane Debby, HurricaneBeryl, and certain aggregate loss contracts triggered during 2024a series of wildfires that burned throughout southern California in January 2025(the “California Wildfires”), and the Other 2025 Large Loss EventsAmerican International Group, Inc., a Delaware corporation and NYSE-listedcompany (together with its affiliates and subsidiaries)Accounting Standards CodificationAlphaCat Managers Ltd.A.M. Best Company, Inc.the collapse of the Francis Scott Key Bridge in Baltimore following a collisionwith a cargo ship in March 2024DaVinciRe Holdings Ltd. and its subsidiariesDaVinci Reinsurance Ltd.enterprise risk managementthe Securities Exchange Act of 1934, as amendeda deposit that must be submitted to support the underwriting capacity of amember of Lloyd’sFinancial Accounting Standards Boardfinancial condition reportFitch Ratings Ltd.Fontana Holdings L.P. and its subsidiariesAnnual Report on Form 10-Kthis Quarterly Report on Form 10-Q for the quarterly period ended March 31,2025global anti-base erosion model rules, approved by the OECD/G20 InclusiveFramework on Base Erosion Profit ShiftingUnited States Internal Revenue ServiceRenaissanceRe Medici Fund Ltd.RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe MediciICAVMoody’s Investors ServiceNew York Stock ExchangeOrganisation for Economic Co-operation and Developmentthe crash of American Airlines flight 5342 in January 2025, and certain refineryfires in the first quarter of 2025Renaissance Reinsurance Ltd.Renaissance Reinsurance of Europe Designated Activity CompanyRenaissance Reinsurance U.S. Inc.RenaissanceRe Holdings Ltd. “2024 Large Loss Events” “2025 Large Loss Events” “AIG” “ASC”“AlphaCat Managers”“A.M. Best”“Baltimore Bridge Collapse” “DaVinci”“DaVinci Reinsurance”“ERM”“Exchange Act”“FAL” “FASB”“FCR”“Fitch”“Fontana”“Form