EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2025

The following table sets forth the computation of basic and diluted earnings per common share:



Year ended December 31,	2025		2024		2023
(common shares in thousands)
Numerator:
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	2,646,959	$	1,834,985	$	2,525,757
Amount allocated to participating common shareholders (1)	(42,424)		(27,472)		(37,308)
Net income (loss) allocated to RenaissanceRe common shareholders	$	2,604,535	$	1,807,513	$	2,488,449
Denominator:
Denominator for basic income (loss) per RenaissanceRe common share - weighted average common shares (2)	46,316		51,186		47,493
Per common share equivalents of non-vested shares (2)	167		153		114
Denominator for diluted income (loss) per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions (2)	46,483		51,339		47,607
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic	$	56.23	$	35.31	$	52.40
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted	$	56.03	$	35.21	$	52.27

(1)Represents earnings and dividends attributable to holders of unvested shares issued pursuant to the Company’s stock compensation plans.

(2)In periods for which the Company has net loss allocated to RenaissanceRe common shareholders, the denominator used in calculating net loss attributable to RenaissanceRe common shareholders per common share - basic is also used in calculating net loss attributable to RenaissanceRe common shareholders per common share - diluted.

RENAISSANCERE HOLDINGS LTD 10-K