August 1, 2007 - COPY OF THE COMPANY'S FINANCIAL SUPPLEMENT - 8-K: Current report filing

RenaissanceRe Holdings Ltd.

Financial Supplement

June 30, 2007

Contact:

Investors:

RenaissanceRe Holdings Ltd.
Fred R. Donner, Executive Vice President or
Todd R. Fonner, Senior Vice President
441-295-4513

Media:

Kekst and Company
David Lilly or Dawn Dover
212-521-4800

RenaissanceRe Holdings Ltd.

Contents

	Page(s)
Basis of Presentation	i

Financial Highlights	1

Income Statements
a. Summary Consolidated Statements of Operations	2-3
b. Consolidated Segment Underwriting Results	4-5
c. Reinsurance Segment - Catastrophe and Specialty Underwriting Results	6
d. Reinsurance Segment Gross Premiums Written	7-8
e. Individual Risk Segement Gross Premiums Written	9
f. DaViniciRe Holdings Ltd. and Subsidiary Consolidated Statements of Operations	10

Balance Sheets
a. Summary Consolidated Balance Sheets	11
b. Composition of Investment Portfolio	12
c. Summary of Other Investments	13

Loss Reserve Analysis
a. Reserve for Claims and Claim Expenses	14
b. Paid to Incurred Analysis	15

Other Items
a. Equity in Earnings of Other Ventures	16
b. Ratings	17

Comments on Regulation G	18

RenaissanceRe Holdings Ltd.

Basis of Presentation

This financial supplement includes certain non-GAAP financial measures including operating income, operating income per common share - diluted, operating return on average common equity - annualized, managed catastrophe premium and "managed catastrophe premium, net of fully-collateralized joint ventures". A reconciliation of such measures to the most comparable GAAP figures in accordance with Regulation G is presented in the attached supplemental financial data. See page 18 for Comments on Regulation G.

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. Our business consists of two segments: (1) Reinsurance, which includes catastrophe reinsurance, specialty reinsurance and certain joint ventures and other investments managed by our subsidiary RenaissanceRe Ventures Ltd., and (2) Individual Risk, which includes primary insurance and quota share reinsurance.

Cautionary Statement under "Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this news release contain information about the Company's future business prospects. These statements may be considered "forward-looking". These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. For further information regarding cautionary statements and factors affecting future results, please refer to RenaissanceRe Holdings Ltd.s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2006 and its Quarterly Report on Form 10-Q for the quarter ending March 31, 2007.

All information contained herein is unaudited, except for the financial data relating to the balance sheet for the year ended December 31, 2006. Unless otherwise noted, dollar amounts are in thousands, except for share and per share amounts and ratio information. Certain prior period comparatives have been reclassified to conform to the current presentation. This supplement is being provided for informational purposes only. It should be read in conjunction with documents filed by RenaissanceRe Holdings Ltd. with the Securities and Exchange Commission, including the Annual Report on Form 10-K for 2006 and Quarterly Reports on Form 10-Q. Please refer to the Company's website at www.renre.com for further information about RenaissanceRe Holdings Ltd.

RenaissanceRe Holdings Ltd.

Financial Highlights

	Three months ended June 30,						Six months ended June 30,
	2007			2006			2007			2006
Highlights
Gross premiums written	$	845,860		$	742,551		$	1,478,589		$	1,490,943
Net premiums written		609,842			512,244			1,180,869			1,210,079
Net premiums earned		358,454			430,941			721,072			782,613
Net claims and claim expenses incurred		138,854			207,336			284,846			306,514
Underwriting income		133,564			119,952			257,937			282,701
Net investment income		118,140			74,012			226,155			154,446
Net income available to common shareholders		183,166			130,408			373,971			309,388
Net realized losses on investments		(11,566	)		(24,348	)		(7,481	)		(41,104	)
Operating income available to common shareholders (1)		194,732			154,756			381,452			350,492

Total assets	$	8,613,382		$	7,738,629		$	8,613,382		$	7,738,629
Total shareholders’ equity	$	3,460,038		$	2,538,519		$	3,460,038		$	2,538,519

Per share data
Net income available to common shareholders per common share - diluted	$	2.53		$	1.81		$	5.16		$	4.31
Operating income available to common shareholders per common share - diluted (1)	$	2.69		$	2.15		$	5.26		$	4.88
Dividends per common share	$	0.22		$	0.21		$	0.44		$	0.42

Book value per common share	$	38.88		$	28.37		$	38.88		$	28.37
Accumulated dividends per common share		6.56			5.70			6.56			5.70
Book value per common share plus accumulated dividends	$	45.44		$	34.07		$	45.44		$	34.07

Financial ratios
Net claims and claim expense ratio - current accident year		55.2%			50.7%			54.2%			46.0%
Net claims and claim expense ratio - prior accident years		(16.5%)			(2.6%)			(14.7%)			(6.8%)
Net claims and claim expense ratio - calendar year		38.7%			48.1%			39.5%			39.2%
Underwriting expense ratio		24.0%			24.1%			24.7%			24.7%
Combined ratio		62.7%			72.2%			64.2%			63.9%

Operating return on average common equity - annualized (1)		28.5%			31.3%			28.8%			36.8%

(1)	Operating income excludes net realized losses on investments. See Comments on Regulation G for a reconciliation to net income.

RenaissanceRe Holdings Ltd.

Summary Consolidated Statements of Operations - Quarter to Date

	Three months ended
	June 30, 2007			March 31, 2007			December 31, 2006			September 30, 2006			June 30, 2006
Revenues
Gross premiums written	$	845,860		$	632,729		$	194,952		$	257,752		$	742,551
Net premiums written	$	609,842		$	571,027		$	156,846		$	162,695		$	512,244
(Increase) decrease in unearned premiums		(251,388	)		(208,409	)		223,242			204,381			(81,303	)
Net premiums earned		358,454			362,618			380,088			367,076			430,941
Net investment income		118,140			108,015			83,233			80,427			74,012
Net foreign exchange (losses) gains		(373	)		5,167			(1,715	)		(2,160	)		(2,441	)
Equity in earnings of other ventures		9,675			10,701			8,624			10,131			9,221
Other (loss) income		(5,498	)		(2,203	)		(4,160	)		2,006			(84	)
Net realized (losses) gains on investments		(11,566	)		4,085			2,489			4,151			(24,348	)
Total revenues		468,832			488,383			468,559			461,631			487,301

Expenses
Net claims and claim expenses incurred		138,854			145,992			97,280			42,436			207,336
Acquisition expenses		59,509			63,729			73,288			63,998			74,597
Operational expenses		26,527			28,524			32,235			27,364			29,056
Corporate expenses		4,927			7,004			7,987			5,121			5,571
Interest expense		7,195			11,979			8,439			9,492			10,370
Total expenses		237,012			257,228			219,229			148,411			326,930
Income before minority interest and taxes		231,820			231,155			249,330			313,220			160,371
Minority interest - DaVinciRe		(37,399	)		(29,107	)		(38,665	)		(52,830	)		(21,207	)
Income before taxes		194,421			202,048			210,665			260,390			139,164
Income tax expense		(680	)		(107	)		(42	)		(616	)		(94	)
Net income		193,741			201,941			210,623			259,774			139,070
Dividends on preference shares		(10,575	)		(11,136	)		(9,488	)		(8,662	)		(8,662	)
Net income available to common shareholders	$	183,166		$	190,805		$	201,135		$	251,112		$	130,408
Operating income available to common shareholders per Common Share - diluted (1)	$	2.69		$	2.57		$	2.74		$	3.42		$	2.15
Net income available to common shareholders per Common Share - basic	$	2.57		$	2.68		$	2.83		$	3.53		$	1.84
Net income available to common shareholders per Common Share - diluted	$	2.53		$	2.63		$	2.78		$	3.48		$	1.81

Average shares outstanding - basic		71,259			71,281			71,178			71,093			71,049
Average shares outstanding - diluted		72,430			72,514			72,467			72,115			71,926

Net claims and claim expense ratio		38.7%			40.2%			25.6%			11.6%			48.1%
Underwriting expense ratio		24.0%			25.4%			27.8%			24.9%			24.1%
Combined ratio		62.7%			65.6%			53.4%			36.5%			72.2%
Operating return on average common equity - annualized (1)		28.5%			29.1%			33.3%			45.6%			31.3%

(1)	Operating income excludes net realized gains and losses on investments. See Comments on Regulation G for a reconciliation to net income.

RenaissanceRe Holdings Ltd.

Summary Consolidated Statements of Operations - Year to Date

	Six months ended
	June 30, 2007			June 30, 2006
Revenues
Gross premiums written	$	1,478,589		$	1,490,943
Net premiums written	$	1,180,869		$	1,210,079
Increase in unearned premiums		(459,797	)		(427,466	)
Net premiums earned		721,072			782,613
Net investment income		226,155			154,446
Net foreign exchange gains		4,794			582
Equity in earnings of other ventures		20,376			15,773
Other loss		(7,701	)		(1,763	)
Net realized losses on investments		(7,481	)		(41,104	)
Total revenues		957,215			910,547
Expenses
Net claims and claim expenses incurred		284,846			306,514
Acquisition expenses		123,238			143,411
Operational expenses		55,051			49,987
Corporate expenses		11,931			11,310
Interest expense		19,174			19,671
Total expenses		494,240			530,893
Income before minority interest and taxes		462,975			379,654
Minority interest - DaVinciRe		(66,506	)		(52,664	)
Income before taxes		396,469			326,990
Income tax expense		(787	)		(277	)
Net income		395,682			326,713
Dividends on preference shares		(21,711	)		(17,325	)
Net income available to common shareholders	$	373,971		$	309,388

Operating income available to common shareholders per Common Share - diluted (1)	$	5.26		$	4.88
Net income available to common shareholders per Common Share - basic	$	5.25		$	4.36
Net income available to common shareholders per Common Share - diluted	$	5.16		$	4.31

Average shares outstanding - basic		71,270			70,992
Average shares outstanding - diluted		72,472			71,856

Net claims and claim expense ratio		39.5%			39.2%
Underwriting expense ratio		24.7%			24.7%
Combined ratio		64.2%			63.9%
Operating return on average common equity - annualized (1)		28.8%			36.8%

(1)	Operating income excludes net realized losses on investments. See Comments on Regulation G for a reconciliaton to net income.

RenaissanceRe Holdings Ltd.

Consolidated Segment Underwriting Results - Quarter to Date

	Three months ended June 30, 2007
	Reinsurance		Individual Risk		Eliminations (1)		Total

Gross premiums written	$	606,215	$	238,391	$	1,254	$	845,860
Net premiums written	$	428,355	$	181,487			$	609,842
Net premiums earned	$	225,987	$	132,467			$	358,454
Net claims and claim expenses incurred		62,528		76,326				138,854
Acquisition expenses		25,927		33,582				59,509
Operational expenses		16,451		10,076				26,527
Underwriting income	$	121,081	$	12,483			$	133,564
Net claims and claim expenses incurred - current accident year	$	112,208	$	85,793			$	198,001
Net claims and claim expenses incurred - prior accident years		(49,680)		(9,467)				(59,147)
Net claims and claim expenses incurred - total	$	62,528	$	76,326			$	138,854

Net claims and claim expense ratio - current accident year		49.7%		64.8%				55.2%
Net claims and claim expense ratio - prior accident years		(22.0%)		(7.1%)				(16.5%)
Net claims and claim expense ratio - calendar year		27.7%		57.7%				38.7%
Underwriting expense ratio		18.8%		33.0%				24.0%
Combined ratio		46.5%		90.7%				62.7%

	Three months ended June 30, 2006
	Reinsurance		Individual Risk		Eliminations (1)		Total

Gross premiums written	$	562,325	$	210,829	$	(30,603)	$	742,551
Net premiums written	$	361,558	$	150,686			$	512,244
Net premiums earned	$	278,061	$	152,880			$	430,941
Net claims and claim expenses incurred		97,945		109,391				207,336
Acquisition expenses		31,091		43,506				74,597
Operational expenses		19,763		9,293				29,056
Underwriting income (loss)	$	129,262	$	(9,310)			$	119,952
Net claims and claim expenses incurred - current accident year	$	100,776	$	117,892			$	218,668
Net claims and claim expenses incurred - prior accident years		(2,831)		(8,501)				(11,332)
Net claims and claim expenses incurred - total	$	97,945	$	109,391			$	207,336

Net claims and claim expense ratio - current accident year		36.2%		77.1%				50.7%
Net claims and claim expense ratio - prior accident years		(1.0%)		(5.5%)				(2.6%)
Net claims and claim expense ratio - calendar year		35.2%		71.6%				48.1%
Underwriting expense ratio		18.3%		34.5%				24.1%
Combined ratio		53.5%		106.1%				72.2%

(1)	Represents gross premiums ceded from the Individual Risk segment to the Reinsurance segment.

RenaissanceRe Holdings Ltd.

Consolidated Segment Underwriting Results - Year to Date

	Six months ended June 30, 2007
	Reinsurance			Individual Risk		Eliminations (1)		Total

Gross premiums written	$	1,122,182		$	361,707	$	(5,300)	$	1,478,589
Net premiums written	$	904,574		$	276,295			$	1,180,869
Net premiums earned	$	480,766		$	240,306			$	721,072
Net claims and claim expenses incurred		154,655			130,191				284,846
Acquisition expenses		54,289			68,949				123,238
Operational expenses		34,642			20,409				55,051
Underwriting income	$	237,180		$	20,757			$	257,937
Net claims and claim expenses incurred - current accident year	$	234,614		$	156,452			$	391,066
Net claims and claim expenses incurred - prior accident years		(79,959	)		(26,261)				(106,220	)
Net claims and claim expenses incurred - total	$	154,655		$	130,191			$	284,846

Net claims and claim expense ratio - current accident year		48.8%			65.1%				54.2%
Net claims and claim expense ratio - prior accident years		(16.6%)			(10.9%)				(14.7%)
Net claims and claim expense ratio - calendar year		32.2%			54.2%				39.5%
Underwriting expense ratio		18.5%			37.2%				24.7%
Combined ratio		50.7%			91.4%				64.2%

	Six months ended June 30, 2006
	Reinsurance			Individual Risk		Eliminations (1)		Total

Gross premiums written	$	1,146,099		$	381,553	$	(36,709)	$	1,490,943
Net premiums written	$	910,015		$	300,064			$	1,210,079
Net premiums earned	$	491,434		$	291,179			$	782,613
Net claims and claim expenses incurred		134,625			171,889				306,514
Acquisition expenses		59,597			83,814				143,411
Operational expenses		32,307			17,680				49,987
Underwriting income	$	264,905		$	17,796			$	282,701
Net claims and claim expenses incurred - current accident year	$	176,489		$	183,259			$	359,748
Net claims and claim expenses incurred - prior accident years		(41,864)			(11,370)				(53,234)
Net claims and claim expenses incurred - total	$	134,625		$	171,889			$	306,514

Net claims and claim expense ratio - current accident year		35.9%			62.9%				46.0%
Net claims and claim expense ratio - prior accident years		(8.5%)			(3.9%)				(6.8%)
Net claims and claim expense ratio - calendar year		27.4%			59.0%				39.2%
Underwriting expense ratio		18.7%			34.9%				24.7%
Combined ratio		46.1%			93.9%				63.9%

(1)	Represents gross premiums ceded from the Individual Risk segment to the Reinsurance segment.

RenaissanceRe Holdings Ltd.

Reinsurance Segment - Catastrophe and Specialty Underwriting Results

	Three months ended June 30, 2007						Three months ended June 30, 2006
	Catastrophe		Specialty		Total		Catastrophe		Specialty		Total
Gross premiums written	$	512,828	$	93,387	$	606,215	$	532,493	$	29,832	$	562,325
Net premiums written	$	334,968	$	93,387	$	428,355	$	331,726	$	29,832	$	361,558
Net premiums earned	$	170,337	$	55,650	$	225,987	$	205,289	$	72,772	$	278,061
Net claims and claim expenses incurred		45,570		16,958		62,528		69,250		28,695		97,945
Acquisition expenses		17,892		8,035		25,927		22,656		8,435		31,091
Operational expenses		11,761		4,690		16,451		13,138		6,625		19,763
Underwriting income	$	95,114	$	25,967	$	121,081	$	100,245	$	29,017	$	129,262
Net claims and claim expenses incurred - current accident year	$	64,569	$	47,639	$	112,208	$	54,260	$	46,516	$	100,776
Net claims and claim expenses incurred - prior accident years		(18,999)		(30,681)		(49,680)		14,990		(17,821)		(2,831)
Net claims and claim expenses incurred - total	$	45,570	$	16,958	$	62,528	$	69,250	$	28,695	$	97,945

Net claims and claim expense ratio - current accident year		37.9%		85.6%		49.7%		26.4%		63.9%		36.2%
Net claims and claim expense ratio - prior accident years		(11.2%)		(55.1%)		(22.0%)		7.3%		(24.5%)		(1.0%)
Net claims and claim expense ratio - calendar year		26.7%		30.5%		27.7%		33.7%		39.4%		35.2%
Underwriting expense ratio		17.4%		22.9%		18.8%		17.4%		20.7%		18.3%
Combined ratio		44.1%		53.4%		46.5%		51.1%		60.1%		53.5%

	Six months ended June 30, 2007						Six months ended June 30, 2006
	Catastrophe		Specialty		Total		Catastrophe		Specialty		Total

Gross premiums written	$	911,792	$	210,390	$	1,122,182	$	973,203	$	172,896	$	1,146,099
Net premiums written	$	694,184	$	210,390	$	904,574	$	737,119	$	172,896	$	910,015
Net premiums earned	$	370,730	$	110,036	$	480,766	$	361,095	$	130,339	$	491,434
Net claims and claim expenses incurred		136,862		17,793		154,655		111,708		22,917		134,625
Acquisition expenses		39,526		14,763		54,289		41,921		17,676		59,597
Operational expenses		25,438		9,204		34,642		20,730		11,577		32,307
Underwriting income	$	168,904	$	68,276	$	237,180	$	186,736	$	78,169	$	264,905
Net claims and claim expenses incurred - current accident year	$	154,530	$	80,084	$	234,614	$	85,753	$	90,736	$	176,489
Net claims and claim expenses incurred - prior accident years		(17,668)		(62,291)		(79,959)		25,955		(67,819)		(41,864)
Net claims and claim expenses incurred - total	$	136,862	$	17,793	$	154,655	$	111,708	$	22,917	$	134,625

Net claims and claim expense ratio - current accident year		41.7%		72.8%		48.8%		23.7%		69.6%		35.9%
Net claims and claim expense ratio - prior accident years		(4.8%)		(56.6%)		(16.6%)		7.2%		(52.0%)		(8.5%)
Net claims and claim expense ratio - calendar year		36.9%		16.2%		32.2%		30.9%		17.6%		27.4%
Underwriting expense ratio		17.5%		21.8%		18.5%		17.4%		22.4%		18.7%
Combined ratio		54.4%		38.0%		50.7%		48.3%		40.0%		46.1%

RenaissanceRe Holdings Ltd.

Reinsurance Segment Gross Premiums Written

	Three months ended
	June 30, 2007			March 31, 2007			Dec. 31, 2006		Sept. 30, 2006			June 30, 2006
Renaissance catastrophe premiums	$	340,913		$	240,027		$	20,630	$	92,150		$	377,063
Renaissance specialty premiums		93,258			107,590			28,164		20,367			27,736
Total Renaissance premiums		434,171			347,617			48,794		112,517			404,799

DaVinci catastrophe premiums		171,915			158,937			2,554		10,578			155,430
DaVinci specialty premiums		129			9,413			371		250			2,096
Total DaVinci premiums		172,044			168,350			2,925		10,828			157,526

Total Reinsurance premiums	$	606,215		$	515,967		$	51,719	$	123,345		$	562,325
Total specialty premiums (1)	$	93,387		$	117,003		$	28,535	$	20,617		$	29,832
Total catastrophe premiums	$	512,828		$	398,964		$	23,184	$	102,728		$	532,493
Catastrophe premiums written on behalf of our joint venture, Top Layer Re (2)		26,822			36,903					1,189			24,270
Catastrophe premiums assumed from the Individual Risk segment		1,254			(6,554	)		1,632		(31,109	)		(28,990	)
Total managed catastrophe premiums (3)		540,904			429,313			24,816		72,808			527,773
Managed catastrophe premiums assumed on behalf of fully-collateralized joint ventures		(65,798	)		6,435			322		(3,046	)		(111,253	)
Total managed catastrophe premiums, net of fully-collateralized joint ventures (3)	$	475,106		$	435,748		$	25,138	$	69,762		$	416,520

(1)	Total specialty premiums written includes $nil, $nil, $nil, $0.7 million and $1.6 million of premiums assumed from the Individual Risk segment for the three months ended June 30, 2007, March 31, 2007, December 31, 2006, September 30, 2006 and June 30, 2006.

(2)	Top Layer Re is accounted for under the equity method of accounting.

(3)	See Comments on Regulation G.

RenaissanceRe Holdings Ltd.

Reinsurance Segment Gross Premiums Written

	Six months ended
	June 30, 2007			June 30, 2006
Renaissance catastrophe premiums	$	580,940		$	660,859
Renaissance specialty premiums		200,848			149,580
Total Renaissance premiums		781,788			810,439

DaVinci catastrophe premiums		330,852			312,344
DaVinci specialty premiums		9,542			23,316
Total DaVinci premiums		340,394			335,660

Total Reinsurance premiums	$	1,122,182		$	1,146,099
Total specialty premiums (1)	$	210,390		$	172,896
Total catastrophe premiums	$	911,792		$	973,203

Catastrophe premiums written on behalf of our joint venture, Top Layer Re (2)		63,725			50,055
Catastrophe premiums assumed from the Individual Risk segment		(5,300	)		(35,096	)
Total managed catastrophe premiums (3)		970,217			988,162
Managed catastrophe premiums assumed on behalf of fully-collateralized joint ventures		(59,363	)		(111,253	)
Total managed catastrophe premiums, net of fully-collateralized joint ventures (3)	$	910,854		$	876,909

(1)	Total specialty premiums written includes $nil and $1.6 million of premiums assumed from the Individual Risk segment for the six months ended June 30, 2007 and 2006, respectively.

(2)	Top Layer Re is accounted for under the equity method of accounting.

(3)	See comments on Regulation G.

RenaissanceRe Holdings Ltd.

Individual Risk Segment Gross Premiums Written

	Three months ended
	June 30, 2007		March 31, 2007		Dec. 31, 2006		Sept. 30, 2006		June 30, 2006
By Type of Business
Commercial multi-line	$	161,125	$	59,141	$	62,942	$	92,056	$	137,162
Commercial property		75,013		42,505		47,199		46,597		78,407
Personal lines property		2,253		21,670		31,460		27,585		(4,740	)
Total Individual Risk premiums	$	238,391	$	123,316	$	141,601	$	166,238	$	210,829

	Six months ended
	June 30, 2007		June 30, 2006
By Type of Business
Commercial multi-line	$	220,266	$	203,989
Commercial property		117,518		132,409
Personal lines property		23,923		45,155
Total Individual Risk premiums	$	361,707	$	381,553

DaVinciRe Holdings Ltd. and Subsidiary

Consolidated Statements of Operations

	Three months ended
	June 30, 2007			March 31, 2007			Dec. 31, 2006			Sep. 30, 2006			June 30, 2006
Revenues
Gross premiums written	$	172,044		$	168,350		$	2,925		$	10,828		$	157,526
Net premiums written	$	159,155		$	166,251		$	3,117		$	1,211		$	129,493
(Increase) decrease in unearned premiums		(83,855	)		(87,786	)		66,821			70,893			(52,822	)
Net premiums earned		75,300			78,465			69,938			72,104			76,671
Net investment income		18,961			18,657			16,572			16,036			14,372
Net foreign exchange (losses) gains		(170	)		897			(1,428	)		(59	)		(2,905	)
Other loss		(3,422	)		(3,448	)		(1,045	)		(952	)		(136	)
Net realized (losses) gains on investments		(2,972	)		763			646			1,178			(6,012	)
Total revenues		87,697			95,334			84,683			88,307			81,990
Expenses
Net claims and claim expenses incurred		12,587			35,118			9,251			(6,574	)		32,001
Acquisition expenses		17,233			12,771			16,567			18,341			13,334
Operational and corporate expenses		7,795			7,827			8,154			7,688			7,721
Interest expense		3,033			3,000			2,469			2,377			2,295
Total expenses		40,648			58,716			36,441			21,832			55,351
Income before minority interest		47,049			36,618			48,242			66,475			26,639
Minority interest		(101	)		(79	)		(103	)		(138	)		(58	)
Net income	$	46,948		$	36,539		$	48,139		$	66,337		$	26,581
Net claims and claim expenses incurred - current accident year	$	20,037		$	40,012		$	11,422		$	(2,032	)	$	21,437
Net claims and claim expenses incurred - prior accident years		(7,450	)		(4,894	)		(2,171	)		(4,542	)		10,564
Net claims and claim expenses incurred - total	$	12,587		$	35,118		$	9,251		$	(6,574	)	$	32,001

Net claims and claim expense ratio - current accident year		26.6	%		51.0	%		16.3	%		(2.8	%)		27.9	%
Net claims and claim expense ratio - prior accident years		(9.9	%)		(6.2	%)		(3.1	%)		(6.3	%)		13.8	%
Net claims and claim expense ratio - calendar year		16.7	%		44.8	%		13.2	%		(9.1	%)		41.7	%
Underwriting expense ratio		33.2	%		26.3	%		35.3	%		36.1	%		27.5	%
Combined ratio		49.9	%		71.1	%		48.5	%		27.0	%		69.2	%

RenaissanceRe Holdings Ltd.

Summary Consolidated Balance Sheets

	June 30, 2007		March 31, 2007		Dec. 31, 2006		Sept. 30, 2006		June 30, 2006
Assets
Fixed maturity investments available for sale, at fair value	$	3,179,189	$	3,155,864	$	3,111,930	$	3,176,045	$	3,079,855
Short term investments, at cost		2,268,172		2,183,564		2,410,971		1,841,330		1,911,693
Other investments, at fair value		661,709		620,576		592,829		559,256		526,844
Investments in other ventures, under equity method		235,371		239,021		227,075		195,787		186,979
Total investments		6,344,441		6,199,025		6,342,805		5,772,418		5,705,371
Cash and cash equivalents		266,455		270,608		214,399		245,817		187,340
Premiums receivable		927,657		538,720		419,150		623,869		857,687
Ceded reinsurance balances		241,488		116,020		133,971		232,439		241,315
Losses recoverable		236,990		248,599		301,854		394,335		464,556
Accrued investment income		41,824		41,881		41,234		38,437		37,639
Deferred acquisition costs		171,931		124,282		106,918		138,922		158,600
Receivable for investments sold		248,406		109,554		61,061		18		203
Other assets		134,190		138,427		147,634		93,302		85,918
Total assets	$	8,613,382	$	7,787,116	$	7,769,026	$	7,539,557	$	7,738,629

Liabilities, Minority Interest and Shareholders Equity
Liabilities
Reserve for claims and claim expenses	$	2,128,216	$	2,109,864	$	2,098,155	$	2,155,213	$	2,347,525
Reserve for unearned premiums		1,145,739		768,882		578,424		900,133		1,113,391
Debt		450,000		450,000		450,000		410,000		485,000
Subordinated obligation to capital trust						103,093		103,093		103,093
Reinsurance balances payable		344,945		232,832		395,083		437,653		477,477
Payable for investments purchased		255,852		138,110		88,089		54,953		55,138
Other liabilities		114,406		104,300		125,401		68,874		63,053
Total liabilities		4,439,158		3,803,988		3,838,245		4,129,919		4,644,677
Minority interest - DaVinciRe		714,186		679,568		650,284		612,431		555,433
Shareholders Equity
Preference shares		650,000		650,000		800,000		500,000		500,000
Common shares		72,266		72,289		72,140		72,108		71,849
Additional paid-in capital		283,693		279,979		284,123		286,592		284,613
Accumulated other comprehensive income		12,939		27,420		25,217		25,472		4,993
Retained earnings		2,441,140		2,273,872		2,099,017		1,913,035		1,677,064
Total shareholders equity		3,460,038		3,303,560		3,280,497		2,797,207		2,538,519
Total liabilities, minority interest and shareholders equity	$	8,613,382	$	7,787,116	$	7,769,026	$	7,539,557	$	7,738,629
Book value per common share	$	38.88	$	36.71	$	34.38	$	31.86	$	28.37
Common shares outstanding		72,266		72,289		72,140		72,108		71,849

RenaissanceRe Holdings Ltd.

Composition of Investment Portfolio

	June 30, 2007				Mar. 31, 2007				Dec. 31, 2006				Sep. 30, 2006				June 30, 2006
TYPE OF INVESTMENT
U.S. treasuries and agencies	$	1,006,808	15.9	%	$	1,214,606	19.6	%	$	1,180,064	18.6	%	$	1,403,475	24.2	%	$	1,388,386	24.3	%
Non-U.S. government		143,004	2.3	%		146,774	2.4	%		154,848	2.4	%		153,396	2.7	%		147,249	2.6	%
Corporate		967,070	15.2	%		1,015,171	16.4	%		995,410	15.7	%		855,272	14.8	%		817,097	14.3	%
Mortgage-backed		634,066	10.0	%		405,205	6.5	%		397,741	6.3	%		389,868	6.8	%		396,794	7.0	%
Asset-backed		428,241	6.7	%		374,108	6.0	%		383,867	6.1	%		374,034	6.5	%		330,329	5.8	%
Total fixed maturities available for sale		3,179,189	50.1	%		3,155,864	50.9	%		3,111,930	49.1	%		3,176,045	55.0	%		3,079,855	54.0	%
Short term investments, at cost		2,268,172	35.8	%		2,183,564	35.2	%		2,410,971	38.0	%		1,841,330	31.9	%		1,911,693	33.5	%
Other investments, at fair value		661,709	10.4	%		620,576	10.0	%		592,829	9.3	%		559,256	9.7	%		526,844	9.2	%
Total managed investment portfolio		6,109,070	96.3	%		5,960,004	96.1	%		6,115,730	96.4	%		5,576,631	96.6	%		5,518,392	96.7	%
Investments in other ventures, under equity method		235,371	3.7	%		239,021	3.9	%		227,075	3.6	%		195,787	3.4	%		186,979	3.3	%
Total investments	$	6,344,441	100.0	%	$	6,199,025	100.0	%	$	6,342,805	100.0	%	$	5,772,418	100.0	%	$	5,705,371	100.0	%
CREDIT QUALITY OF FIXED MATURITIES
AAA	$	2,339,451	73.6	%	$	2,286,168	72.4	%	$	2,248,182	72.2	%	$	2,455,167	77.3	%	$	2,392,763	77.7	%
AA		484,035	15.2	%		514,643	16.3	%		479,340	15.4	%		339,209	10.7	%		308,840	10.0	%
A		161,038	5.1	%		157,437	5.0	%		167,068	5.4	%		172,119	5.4	%		181,165	5.9	%
BBB		115,184	3.6	%		122,030	3.9	%		139,453	4.5	%		138,423	4.4	%		130,218	4.2	%
Non-investment grade		79,481	2.5	%		75,586	2.4	%		77,887	2.5	%		71,127	2.2	%		66,869	2.2	%
Total fixed maturities available for sale	$	3,179,189	100.0	%	$	3,155,864	100.0	%	$	3,111,930	100.0	%	$	3,176,045	100.0	%	$	3,079,855	100.0	%

MATURITY PROFILE OF FIXED MATURITIES
Due in less than one year	$	471,367	14.8	%	$	529,078	16.8	%	$	508,982	16.4	%	$	329,405	10.4	%	$	299,264	9.7	%
Due after one through five years		1,324,211	41.6	%		1,534,647	48.6	%		1,539,509	49.5	%		1,777,781	55.9	%		1,769,729	57.4	%
Due after five through ten years		240,195	7.6	%		221,741	7.0	%		178,143	5.7	%		215,586	6.8	%		199,011	6.5	%
Due after ten years		81,109	2.6	%		91,085	2.9	%		103,688	3.3	%		89,371	2.8	%		84,728	2.8	%
Mortgage-backed securities		634,066	19.9	%		405,205	12.8	%		397,741	12.8	%		389,868	12.3	%		396,794	12.9	%
Asset-backed securities		428,241	13.5	%		374,108	11.9	%		383,867	12.3	%		374,034	11.8	%		330,329	10.7	%
Total fixed maturities available for sale	$	3,179,189	100.0	%	$	3,155,864	100.0	%	$	3,111,930	100.0	%	$	3,176,045	100.0	%	$	3,079,855	100.0	%

	As of or for the three months ended
	June 30, 2007	Mar. 31, 2007	Dec. 31, 2006	Sep. 30, 2006	June 30, 2006

Average yield to maturity of fixed maturities and short term investments	5.4%	5.1%	5.3%	5.2%	5.5%
Average duration of fixed maturities and short term investments	1.3	1.3	1.3	1.4	1.4
Average credit quality of fixed maturities and short term investments	AA	AA	AA	AA	AA

RenaissanceRe Holdings Ltd.

Summary of Other Investments

	June 30, 2007		Mar. 31, 2007		Dec. 31, 2006		Sept. 30, 2006		June 30, 2006
TYPE OF INVESTMENT
Private equity partnerships	$	278,312	$	247,809	$	223,245	$	208,583	$	194,280
Catastrophe bonds		123,549		115,865		114,614		50,041
Senior secured bank loan fund		84,136		83,007		81,428		79,831		78,535
Hedge funds		72,577		73,283		72,439		125,262		159,837
Non-U.S. convertible fund		39,671		37,754		36,080		32,815		32,149
European high yield credit fund		33,453		32,847		31,919		29,620		29,022
Medium term note representing an interest in a pool of European fixed income securities		30,000		30,000		30,000		30,000		30,000
Miscellaneous other investments		11		11		3,104		3,104		3,021
Total other investments	$	661,709	$	620,576	$	592,829	$	559,256	$	526,844

TYPE OF INVESTMENT
Private equity partnerships		42.0%		39.9%		37.7%		37.2%		36.9%
Catastrophe bonds		18.7%		18.7%		19.3%		8.9%		0.0%
Senior secured bank loan fund		12.7%		13.4%		13.7%		14.3%		14.9%
Hedge funds		11.0%		11.8%		12.2%		22.4%		30.3%
Non-U.S. convertible fund		6.0%		6.1%		6.1%		5.9%		6.1%
European high yield credit fund		5.1%		5.3%		5.4%		5.3%		5.5%
Medium term note representing an interest in a pool of European fixed income securities		4.5%		4.8%		5.1%		5.4%		5.7%
Miscellaneous other investments		0.0%		0.0%		0.5%		0.6%		0.6%
Total other investments		100.0%		100.0%		100.0%		100.0%		100.0%

RenaissanceRe Holdings Ltd.

Reserve for Claims and Claim Expenses

June 30, 2007	Case Reserves		Additional Case Reserves		IBNR		Total
Property catastrophe reinsurance	$	337,825	$	258,807	$	288,602	$	885,234
Specialty reinsurance		101,025		75,551		408,954		585,530
Total Reinsurance		438,850		334,358		697,556		1,470,764
Individual Risk		261,637		19,263		376,552		657,452
Total	$	700,487	$	353,621	$	1,074,108	$	2,128,216

March 31, 2007
Property catastrophe reinsurance	$	380,995	$	282,113	$	247,714	$	910,822
Specialty reinsurance		94,178		78,215		406,171		578,564
Total Reinsurance		475,173		360,328		653,885		1,489,386
Individual Risk		267,059		21,088		332,331		620,478
Total	$	742,232	$	381,416	$	986,216	$	2,109,864

December 31, 2006
Property catastrophe reinsurance	$	366,337	$	282,544	$	226,579	$	875,460
Specialty reinsurance		104,010		77,315		412,466		593,791
Total Reinsurance		470,347		359,859		639,045		1,469,251
Individual Risk		272,119		15,611		341,174		628,904
Total	$	742,466	$	375,470	$	980,219	$	2,098,155

September 30, 2006
Property catastrophe reinsurance	$	432,924	$	265,016	$	221,404	$	919,344
Specialty reinsurance		104,298		75,811		414,250		594,359
Total Reinsurance		537,222		340,827		635,654		1,513,703
Individual Risk		286,624		19,774		335,112		641,510
Total	$	823,846	$	360,601	$	970,766	$	2,155,213

June 30, 2006
Property catastrophe reinsurance	$	498,426	$	309,485	$	224,725	$	1,032,636
Specialty reinsurance		175,937		88,563		414,323		678,823
Total Reinsurance		674,363		398,048		639,048		1,711,459
Individual Risk		284,780		15,566		335,720		636,066
Total	$	959,143	$	413,614	$	974,768	$	2,347,525

RenaissanceRe Holdings Ltd.

Paid to Incurred Analysis

	Three months ended June 30, 2007									Three months ended June 30, 2006
		Gross			Recoveries			Net			Gross			Recoveries			Net
Reserve for losses and loss expenses, beginning of period	$	2,109,864		$	248,599		$	1,861,265		$	2,419,252		$	625,697		$	1,793,555
Incurred losses and loss expenses
Current year		235,709			37,708			198,001			230,094			11,426			218,668
Prior years		(63,890	)		(4,743	)		(59,147	)		(24,300	)		(12,968	)		(11,332	)
Total incurred losses and loss expenses		171,819			32,965			138,854			205,794			(1,542	)		207,336
Paid losses and loss expenses
Current year		7,797			2,220			5,577			32,979			41			32,938
Prior years		145,670			42,354			103,316			244,542			159,558			84,984
Total paid losses and loss expenses		153,467			44,574			108,893			277,521			159,599			117,922
Reserve for losses and loss expenses, end of period	$	2,128,216		$	236,990		$	1,891,226		$	2,347,525		$	464,556		$	1,882,969

	Six months ended June 30, 2007									Six months ended June 30, 2006
		Gross			Recoveries			Net			Gross			Recoveries			Net
Reserve for losses and loss expenses, beginning of period	$	2,098,155		$	301,854		$	1,796,301		$	2,614,551		$	673,190		$	1,941,361
Incurred losses and loss expenses
Current year		449,747			58,681			391,066			389,845			30,097			359,748
Prior years		(102,542	)		3,678			(106,220	)		(70,865	)		(17,631	)		(53,234	)
Total incurred losses and loss expenses		347,205			62,359			284,846			318,980			12,466			306,514
Paid losses and loss expenses
Current year		19,890			2,966			16,924			34,644			41			34,603
Prior years		297,254			124,257			172,997			551,362			221,059			330,303
Total paid losses and loss expenses		317,144			127,223			189,921			586,006			221,100			364,906
Reserve for losses and loss expenses, end of period	$	2,128,216		$	236,990		$	1,891,226		$	2,347,525		$	464,556		$	1,882,969

RenaissanceRe Holdings Ltd.

Equity in Earnings of Other Ventures

	Three months ended
	June 30, 2007		March 31, 2007		December 31, 2006			September 30, 2006		June 30, 2006
ChannelRe	$	5,189	$	4,829	$	5,653		$	5,142	$	4,639
Top Layer Re		3,761		3,933		3,232			3,176		3,506
Starbound		302		1,686		880			941		305
Starbound II		344
Tower Hill		79		253		(1,141	)		872		771
Total equity in earnings of other ventures	$	9,675	$	10,701	$	8,624		$	10,131	$	9,221
	Six months ended
	June 30, 2007		June 30, 2006
Channel Re	$	10,018	$	8,302
Top Layer Re		7,694		6,295
Starbound		1,988		305
Starbound II		344
Tower Hill		332		871
Total equity in earnings of other ventures	$	20,376	$	15,773

RenaissanceRe Holdings Ltd.

Ratings

At June 30, 2007	S&P	A.M. Best	Moodys
REINSURANCE SEGMENT¹
Renaissance Reinsurance	A+	A	A2
DaVinci	A	A
Top Layer Re	AA	A+
Renaissance Europe		A
INDIVIDUAL RISK SEGMENT¹
Glencoe		A-
Stonington		A-
Stonington Lloyds		A-
Lantana		A-
RENAISSANCERE²	A-	bbb+	Baa1

1	The S&P, A.M. Best and Moodys ratings for the companies in the Reinsurance and Individual Risk segments reflect the insurers financial strength rating.

2	The S&P, A.M. Best and Moodys ratings for RenaissanceRe represent the credit ratings on its senior unsecured debt.

RenaissanceRe Holdings Ltd.

Comments on Regulation G

In addition to the GAAP financial measures set forth in this Financial Supplement, the Company has included certain non-GAAP financial measures in this Financial Supplement within the meaning of Regulation G. The Company has consistently provided these financial measurements in previous investor communications and the Companys management believes that these measurements are important to investors and other interested persons, and that investors and such other persons benefit from having a consistent basis for comparison between quarters and for the comparison with other companies within the industry. These measures may not, however, be comparable to similarly titled measures used by companies outside of the insurance industry. Investors are cautioned not to place undue reliance on these non-GAAP measures in assessing the Companys overall financial performance.

The Company uses operating income as a measure to evaluate the underlying fundamentals of its operations and believes it to be a useful measure of its corporate performance. Operating income as used herein differs from net income available to common shareholders, which the Company believes is the most directly comparable GAAP measure, by the exclusion of net realized gains and losses on investments. In addition, the Companys management believes that operating income is useful to investors because it more accurately measures and predicts the Companys results of operations by removing the variability arising from fluctuations in the Companys investment portfolio, which is not considered by management to be a relevant indicator of business operations. The Company also uses operating income to calculate operating income per common share - diluted and operating return on average common equity - annualized. The following is a reconciliation of 1) net income available to common shareholders to operating income available to common shareholders; 2) net income available to common shareholders per common share - diluted to operating income available to common shareholders per common share - diluted; and 3) return on average common equity - annualized to operating return on average common equity, annualized:

	Three months ended															Six months ended
	June 30, 2007			March 31, 2007			Dec. 31, 2006			Sept. 30, 2006			June 30, 2006			June 30, 2007			June 30, 2006
Net income available to common shareholders	$	183,166		$	190,805		$	201,135		$	251,112		$	130,408		$	373,971		$	309,388
Adjustment for net realized losses (gains) on investments		11,566			(4,085	)		(2,489	)		(4,151	)		24,348			7,481			41,104
Operating income available to common shareholders	$	194,732		$	186,720		$	198,646		$	246,961		$	154,756		$	381,452		$	350,492
Net income available to common shareholders per common share - diluted	$	2.53		$	2.63		$	2.78		$	3.48		$	1.81		$	5.16		$	4.31
Adjustment for net realized losses (gains) on investments		0.16			(0.06	)		(0.04	)		(0.06	)		0.34			0.10			0.57
Operating income available to common shareholders per common share - diluted	$	2.69		$	2.57		$	2.74		$	3.42		$	2.15		$	5.26		$	4.88
Return on average common equity - annualized		26.8	%		29.7	%		33.7	%		46.3	%		26.4	%		28.2	%		32.5	%
Adjustment for net realized losses (gains) on investments		1.7	%		(0.6	%)		(0.4	%)		(0.7	%)		4.9	%		0.6	%		4.3	%
Operating return on average common equity - annualized		28.5	%		29.1	%		33.3	%		45.6	%		31.3	%		28.8	%		36.8	%

The Company has also included in this Press Release managed catastrophe premiums and managed catastrophe premiums, net of fully-collateralized joint ventures. Managed catastrophe premiums is defined as gross catastrophe premiums written by Renaissance Reinsurance and its related joint ventures, excluding catastrophe premiums assumed from the Companys Individual Risk segment. Managed catastrophe premiums differ from total catastrophe premiums, which the Company believes is the most directly comparable GAAP measure, due to the inclusion of catastrophe premiums written on behalf of the Companys joint venture Top Layer Re, which is accounted for under the equity method of accounting and the exclusion of catastrophe premiums assumed from the Companys Individual Risk segment. Managed catastrophe premiums, net of fully-collateralized joint ventures differ from total catastrophe premiums, which the Company believes is the most directly comparable GAAP measure, due to: 1) the inclusion of catastrophe premiums written on behalf of the Companys joint venture Top Layer Re, which is accounted for under the equity method of accounting; 2) the exclusion of catastrophe premiums assumed from the Companys Individual Risk segment; and 3) the deduction of catastrophe premiums that are written by the Company and ceded directly to the Companys fully-collateralized joint ventures which include Starbound Reinsurance Ltd., Starbound Reinsurance II Ltd. and Timicuan Reinsurance Ltd. The Companys management believes managed catastrophe premiums is useful to investors and other interested parties because it provides a measure of total catastrophe reinsurance premiums assumed by the Company through its consolidated subsidiaries and related joint ventures. The Company believes managed catastrophe premiums, net of fully-collateralized joint ventures is also a useful measure to investors and other interested parties because it provides a measure of total catastrophe reinsurance premiums assumed by the Company through its consolidated subsidiaries and related joint ventures, net of catastrophe premiums assumed from the Companys Individual Risk segment and net of catastrophe premiums written directly on behalf of the Companys fully-collateralized joint ventures.

Form: 8-K

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