October 31, 2007 - COPY OF THE COMPANY'S FINANCIAL SUPPLEMENT - 8-K: Current report filing



		RenaissanceRe Holdings Ltd.

		Financial Supplement
		September 30, 2007

Contact:

Investors:
RenaissanceRe Holdings Ltd.
Fred R. Donner, Executive 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 quarters ending March 31, 2007 and June 30, 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 September 30,						Nine months ended September 30,
		2007			2006			2007			2006

Highlights
Gross premiums written	$	208,821		$	257,752		$	1,687,410		$	1,748,695
Net premiums written		149,163			162,695			1,330,032			1,372,774
Net premiums earned		367,057			367,076			1,088,129			1,149,689
Net claims and claim expenses incurred		131,700			42,436			416,546			348,950
Underwriting income		144,512			233,278			402,449			515,979
Net investment income		95,594			80,427			321,749			234,873
Net income available to common shareholders		133,400			251,112			507,371			560,500
Net realized gains (losses) on investments		1,592			4,151			(5,889	)		(36,953	)
Net unrealized losses on credit derivatives issued by entities included in investments in other ventures, under equity method		(35,970	)					(35,970	)
Operating income available to common shareholders (1)		167,778			246,961			549,230			597,453
Total assets	$	8,761,338		$	7,539,557		$	8,761,338		$	7,539,557
Total shareholders equity	$	3,521,751		$	2,797,207		$	3,521,751		$	2,797,207
Per share data
Net income available to common shareholders per
common share - diluted	$	1.85		$	3.48		$	7.02		$	7.79
Operating income available to common
shareholders per common share - diluted (1)	$	2.33		$	3.42		$	7.60		$	8.30
Dividends per common share	$	0.22		$	0.21		$	0.66		$	0.63
Book value per common share	$	40.53		$	31.86		$	40.53		$	31.86
Accumulated dividends per common share		6.78			5.91			6.78			5.91
Book value per common share plus accumulated dividends	$	47.31		$	37.77		$	47.31		$	37.77
Financial ratios
Net claims and claim expense ratio - current accident year		41.4	%		26.1	%		49.9	%		39.6	%
Net claims and claim expense ratio - prior accident years		(5.5	%)		(14.5	%)		(11.6	%)		(9.2	%)
Net claims and claim expense ratio - calendar year		35.9	%		11.6	%		38.3	%		30.4	%
Underwriting expense ratio		24.7	%		24.9	%		24.7	%		24.8	%
Combined ratio		60.6	%		36.5	%		63.0	%		55.2	%
Operating return on average common equity - annualized (1)		23.6	%		45.6	%		27.1	%		39.8	%

(1)

Operating income excludes net realized gains and losses on investments and, commencing in the third quarter of 2007, net unrealized gains and losses on credit derivatives issued by entities included in investments in other ventures, under equity method. 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
	September 30, 2007			June 30, 2007			March 31, 2007			December 31, 2006			September 30, 2006
Revenues
Gross premiums written	$	208,821		$	845,860		$	632,729		$	194,952		$	257,752
Net premiums written	$	149,163		$	609,842		$	571,027		$	156,846		$	162,695
Decrease (increase) in unearned premiums		217,894			(251,388	)		(208,409	)		223,242			204,381
Net premiums earned		367,057			358,454			362,618			380,088			367,076
Net investment income		95,594			118,140			108,015			83,233			80,427
Net foreign exchange (losses) gains		(5,424	)		(373	)		5,167			(1,715	)		(2,160	)
Equity in (losses) earnings of other ventures		(23,986	)		9,675			10,701			8,624			10,131
Other (loss) income		(10,008	)		(5,498	)		(2,203	)		(4,160	)		2,006
Net realized gains (losses) on investments		1,592			(11,566	)		4,085			2,489			4,151
Total revenues		424,825			468,832			488,383			468,559			461,631
Expenses
Net claims and claim expenses incurred		131,700			138,854			145,992			97,280			42,436
Acquisition expenses		63,719			59,509			63,729			73,288			63,998
Operational expenses		27,126			26,527			28,524			32,235			27,364
Corporate expenses		7,158			4,927			7,004			7,987			5,121
Interest expense		7,226			7,195			11,979			8,439			9,492
Total expenses		236,929			237,012			257,228			219,229			148,411
Income before minority interest and taxes		187,896			231,820			231,155			249,330			313,220
Minority interest - DaVinciRe		(43,820	)		(37,399	)		(29,107	)		(38,665	)		(52,830	)
Income before taxes		144,076			194,421			202,048			210,665			260,390
Income tax expense		(101	)		(680	)		(107	)		(42	)		(616	)
Net income		143,975			193,741			201,941			210,623			259,774
Dividends on preference shares		(10,575	)		(10,575	)		(11,136	)		(9,488	)		(8,662	)
Net income available to common shareholders	$	133,400		$	183,166		$	190,805		$	201,135		$	251,112
Operating income available to common shareholders per Common Share - diluted (1)	$	2.33		$	2.69		$	2.57		$	2.74		$	3.42
Net income available to common shareholders per Common Share - basic	$	1.89		$	2.57		$	2.68		$	2.83		$	3.53
Net income available to common shareholders per Common Share - diluted	$	1.85		$	2.53		$	2.63		$	2.78		$	3.48
Average shares outstanding - basic		70,575			71,259			71,281			71,178			71,093
Average shares outstanding - diluted		71,945			72,430			72,514			72,467			72,115
Net claims and claim expense ratio		35.9	%		38.7	%		40.2	%		25.6	%		11.6	%
Underwriting expense ratio		24.7	%		24.0	%		25.4	%		27.8	%		24.9	%
Combined ratio		60.6	%		62.7	%		65.6	%		53.4	%		36.5	%
Operating return on average common equity - annualized (1)		23.6	%		28.5	%		29.1	%		33.3	%		45.6	%

(1)

RenaissanceRe Holdings Ltd.

Summary Consolidated Statements of Operations - Year to Date

	Nine months ended
	September 30, 2007			September 30, 2006
Revenues
Gross premiums written	$	1,687,410		$	1,748,695
Net premiums written	$	1,330,032		$	1,372,774
Increase in unearned premiums		(241,903	)		(223,085	)
Net premiums earned		1,088,129			1,149,689
Net investment income		321,749			234,873
Net foreign exchange losses		(630	)		(1,578	)
Equity in (losses) earnings of other ventures		(3,610	)		25,904
Other (loss) income		(17,709	)		243
Net realized losses on investments		(5,889	)		(36,953	)
Total revenues		1,382,040			1,372,178
Expenses
Net claims and claim expenses incurred		416,546			348,950
Acquisition expenses		186,957			207,409
Operational expenses		82,177			77,351
Corporate expenses		19,089			16,431
Interest expense		26,400			29,163
Total expenses		731,169			679,304
Income before minority interest and taxes		650,871			692,874
Minority interest - DaVinciRe		(110,326	)		(105,494	)
Income before taxes		540,545			587,380
Income tax expense		(888	)		(893	)
Net income		539,657			586,487
Dividends on preference shares		(32,286	)		(25,987	)
Net income available to common shareholders	$	507,371		$	560,500
Operating income available to common shareholders per Common Share - diluted (1)	$	7.60		$	8.30
Net income available to common shareholders per Common Share - basic	$	7.14		$	7.89
Net income available to common shareholders per Common Share - diluted	$	7.02		$	7.79
Average shares outstanding - basic		71,038			71,026
Average shares outstanding - diluted		72,296			71,942
Net claims and claim expense ratio		38.3	%		30.4	%
Underwriting expense ratio		24.7	%		24.8	%
Combined ratio		63.0	%		55.2	%
Operating return on average common equity - annualized (1)		27.1	%		39.8	%

(1)

RenaissanceRe Holdings Ltd.

Consolidated Segment Underwriting Results - Quarter to Date

	Three months ended September 30, 2007
	Reinsurance			Individual Risk			Eliminations (1)			Total
Gross premiums written	$	141,545		$	101,534		$	(34,258	)	$	208,821
Net premiums written	$	91,112		$	58,051					$	149,163
Net premiums earned	$	242,520		$	124,537					$	367,057
Net claims and claim expenses incurred		67,335			64,365						131,700
Acquisition expenses		32,122			31,597						63,719
Operational expenses		16,301			10,825						27,126
Underwriting income	$	126,762		$	17,750					$	144,512
Net claims and claim expenses incurred - current accident year	$	83,104		$	68,755					$	151,859
Net claims and claim expenses incurred - prior accident years		(15,769	)		(4,390	)					(20,159	)
Net claims and claim expenses incurred - total	$	67,335		$	64,365					$	131,700
Net claims and claim expense ratio - current accident year		34.3	%		55.2	%					41.4	%
Net claims and claim expense ratio - prior accident years		(6.5	%)		(3.5	%)					(5.5	%)
Net claims and claim expense ratio - calendar year		27.8	%		51.7	%					35.9	%
Underwriting expense ratio		20.0	%		34.1	%					24.7	%
Combined ratio		47.8	%		85.8	%					60.6	%
	Three months ended September 30, 2006
	Reinsurance			Individual Risk			Eliminations (1)			Total
Gross premiums written	$	123,345		$	166,238		$	(31,831	)	$	257,752
Net premiums written	$	77,062		$	85,633					$	162,695
Net premiums earned	$	236,310		$	130,766					$	367,076
Net claims and claim expenses incurred		(40,756	)		83,192						42,436
Acquisition expenses		27,890			36,108						63,998
Operational expenses		18,495			8,869						27,364
Underwriting income	$	230,681		$	2,597					$	233,278
Net claims and claim expenses incurred - current accident year	$	17,131		$	78,736					$	95,867
Net claims and claim expenses incurred - prior accident years		(57,887	)		4,456						(53,431	)
Net claims and claim expenses incurred - total	$	(40,756	)	$	83,192					$	42,436
Net claims and claim expense ratio - current accident year		7.2	%		60.2	%					26.1	%
Net claims and claim expense ratio - prior accident years		(24.4	%)		3.4	%					(14.5	%)
Net claims and claim expense ratio - calendar year		(17.2	%)		63.6	%					11.6	%
Underwriting expense ratio		19.6	%		34.4	%					24.9	%
Combined ratio		2.4	%		98.0	%					36.5	%

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

RenaissanceRe Holdings Ltd.

Consolidated Segment Underwriting Results - Year to Date

	Nine months ended September 30, 2007
	Reinsurance			Individual Risk			Eliminations (1)			Total
Gross premiums written	$	1,263,727		$	463,241		$	(39,558	)	$	1,687,410
Net premiums written	$	995,686		$	334,346					$	1,330,032
Net premiums earned	$	723,286		$	364,843					$	1,088,129
Net claims and claim expenses incurred		221,990			194,556						416,546
Acquisition expenses		86,411			100,546						186,957
Operational expenses		50,943			31,234						82,177
Underwriting income	$	363,942		$	38,507					$	402,449
Net claims and claim expenses incurred - current accident year	$	317,718		$	225,207					$	542,925
Net claims and claim expenses incurred - prior accident years		(95,728	)		(30,651	)					(126,379	)
Net claims and claim expenses incurred - total	$	221,990		$	194,556					$	416,546
Net claims and claim expense ratio - current accident year		43.9	%		61.7	%					49.9	%
Net claims and claim expense ratio - prior accident years		(13.2	%)		(8.4	%)					(11.6	%)
Net claims and claim expense ratio - calendar year		30.7	%		53.3	%					38.3	%
Underwriting expense ratio		19.0	%		36.1	%					24.7	%
Combined ratio		49.7	%		89.4	%					63.0	%

	Nine months ended September 30, 2006
	Reinsurance			Individual Risk			Eliminations (1)			Total
Gross premiums written	$	1,269,444		$	547,791		$	(68,540	)	$	1,748,695
Net premiums written	$	987,077		$	385,697					$	1,372,774
Net premiums earned	$	727,744		$	421,945					$	1,149,689
Net claims and claim expenses incurred		93,869			255,081						348,950
Acquisition expenses		87,487			119,922						207,409
Operational expenses		50,802			26,549						77,351
Underwriting income	$	495,586		$	20,393					$	515,979
Net claims and claim expenses incurred - current accident year	$	193,620		$	261,995					$	455,615
Net claims and claim expenses incurred - prior accident years		(99,751	)		(6,914	)					(106,665	)
Net claims and claim expenses incurred - total	$	93,869		$	255,081					$	348,950
Net claims and claim expense ratio - current accident year		26.6	%		62.1	%					39.6	%
Net claims and claim expense ratio - prior accident years		(13.7	%)		(1.6	%)					(9.2	%)
Net claims and claim expense ratio - calendar year		12.9	%		60.5	%					30.4	%
Underwriting expense ratio		19.0	%		34.7	%					24.8	%
Combined ratio		31.9	%		95.2	%					55.2	%

(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 September 30, 2007									Three months ended September 30, 2006
	Catastrophe			Specialty			Total			Catastrophe			Specialty			Total
Gross premiums written	$	102,127		$	39,418		$	141,545		$	102,728		$	20,617		$	123,345
Net premiums written	$	51,694		$	39,418		$	91,112		$	56,445		$	20,617		$	77,062
Net premiums earned	$	186,692		$	55,828		$	242,520		$	193,373		$	42,937		$	236,310
Net claims and claim expenses incurred		21,805			45,530			67,335			(15,206	)		(25,550	)		(40,756	)
Acquisition expenses		19,870			12,252			32,122			20,689			7,201			27,890
Operational expenses		11,846			4,455			16,301			12,669			5,826			18,495
Underwriting income (loss)	$	133,171		$	(6,409	)	$	126,762		$	175,221		$	55,460		$	230,681
Net claims and claim expenses incurred - current accident year	$	36,131		$	46,973		$	83,104		$	(6,658	)	$	23,789		$	17,131
Net claims and claim expenses incurred - prior accident years		(14,326	)		(1,443	)		(15,769	)		(8,548	)		(49,339	)		(57,887	)
Net claims and claim expenses incurred - total	$	21,805		$	45,530		$	67,335		$	(15,206	)	$	(25,550	)	$	(40,756	)
Net claims and claim expense ratio - current accident year		19.4	%		84.1	%		34.3	%		(3.4	%)		55.4	%		7.2	%
Net claims and claim expense ratio - prior accident years		(7.7	%)		(2.5	%)		(6.5	%)		(4.4	%)		(114.9	%)		(24.4	%)
Net claims and claim expense ratio - calendar year		11.7	%		81.6	%		27.8	%		(7.8	%)		(59.5	%)		(17.2	%)
Underwriting expense ratio		17.0	%		29.9	%		20.0	%		17.3	%		30.3	%		19.6	%
Combined ratio		28.7	%		111.5	%		47.8	%		9.5	%		(29.2	%)		2.4	%

	Nine months ended September 30, 2007									Nine months ended September 30, 2006
	Catastrophe			Specialty			Total			Catastrophe			Specialty			Total
Gross premiums written	$	1,013,919		$	249,808		$	1,263,727		$	1,075,931		$	193,513		$	1,269,444
Net premiums written	$	745,878		$	249,808		$	995,686		$	793,564		$	193,513		$	987,077
Net premiums earned	$	557,422		$	165,864		$	723,286		$	554,468		$	173,276		$	727,744
Net claims and claim expenses incurred		158,667			63,323			221,990			96,502			(2,633	)		93,869
Acquisition expenses		59,396			27,015			86,411			62,610			24,877			87,487
Operational expenses		37,284			13,659			50,943			33,399			17,403			50,802
Underwriting income	$	302,075		$	61,867		$	363,942		$	361,957		$	133,629		$	495,586
Net claims and claim expenses incurred - current accident year	$	190,661		$	127,057		$	317,718		$	79,095		$	114,525		$	193,620
Net claims and claim expenses incurred - prior accident years		(31,994	)		(63,734	)		(95,728	)		17,407			(117,158	)		(99,751	)
Net claims and claim expenses incurred - total	$	158,667		$	63,323		$	221,990		$	96,502		$	(2,633	)	$	93,869
Net claims and claim expense ratio - current accident year		34.2	%		76.6	%		43.9	%		14.3	%		66.1	%		26.6	%
Net claims and claim expense ratio - prior accident years		(5.7	%)		(38.4	%)		(13.2	%)		3.1	%		(67.6	%)		(13.7	%)
Net claims and claim expense ratio - calendar year		28.5	%		38.2	%		30.7	%		17.4	%		(1.5	%)		12.9	%
Underwriting expense ratio		17.3	%		24.5	%		19.0	%		17.3	%		24.4	%		19.0	%
Combined ratio		45.8	%		62.7	%		49.7	%		34.7	%		22.9	%		31.9	%

RenaissanceRe Holdings Ltd.

Reinsurance Segment Gross Premiums Written

	Three months ended
	Sept. 30, 2007			June 30, 2007			March 31, 2007			Dec. 31, 2006		Sept. 30, 2006
Renaissance catastrophe premiums	$	84,271		$	340,913		$	240,027		$	20,630	$	92,150
Renaissance specialty premiums		39,536			93,258			107,590			28,164		20,367
Total Renaissance premiums		123,807			434,171			347,617			48,794		112,517
DaVinci catastrophe premiums		17,856			171,915			158,937			2,554		10,578
DaVinci specialty premiums		(118	)		129			9,413			371		250
Total DaVinci premiums		17,738			172,044			168,350			2,925		10,828
Total Reinsurance premiums	$	141,545		$	606,215		$	515,967		$	51,719	$	123,345
Total specialty premiums (1)	$	39,418		$	93,387		$	117,003		$	28,535	$	20,617
Total catastrophe premiums	$	102,127		$	512,828		$	398,964		$	23,184	$	102,728
Catastrophe premiums written on behalf of our joint venture, Top Layer Re (2)					26,822			36,903					1,189
Catastrophe premiums assumed from the Individual Risk segment		(34,258	)		1,254			(6,554	)		1,632		(31,109	)
Total managed catastrophe premiums (3)		67,869			540,904			429,313			24,816		72,808
Managed catastrophe premiums assumed on behalf of fully-collateralized joint ventures		(938	)		(65,798	)		6,435			322		(3,046	)
Total managed catastrophe premiums, net of fully-collateralized joint ventures (3)	$	66,931		$	475,106		$	435,748		$	25,138	$	69,762

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

	Nine months ended
	Sept. 30, 2007			Sept. 30, 2006
Renaissance catastrophe premiums	$	665,211		$	753,009
Renaissance specialty premiums		240,384			169,947
Total Renaissance premiums		905,595			922,956
DaVinci catastrophe premiums		348,708			322,922
DaVinci specialty premiums		9,424			23,566
Total DaVinci premiums		358,132			346,488
Total Reinsurance premiums	$	1,263,727		$	1,269,444
Total specialty premiums (1)	$	249,808		$	193,513
Total catastrophe premiums	$	1,013,919		$	1,075,931
Catastrophe premiums written on behalf of our joint venture, Top Layer Re (2)		63,725			51,244
Catastrophe premiums assumed from the Individual Risk segment		(39,558	)		(66,205	)
Total managed catastrophe premiums (3)		1,038,086			1,060,970
Managed catastrophe premiums assumed on behalf of fully-collateralized joint ventures		(60,301	)		(114,299	)
Total managed catastrophe premiums, net of fully-collateralized joint ventures (3)	$	977,785		$	946,671

(1)	Total specialty premiums written includes $nil and $2.3 million of premiums assumed from the Individual Risk segment for the nine months ended September 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
	Sept. 30, 2007		June 30, 2007		March 31, 2007		Dec. 31, 2006		Sept. 30, 2006

By Type of Business
Commercial multi-line	$	60,428	$	161,125	$	59,141	$	62,942	$	92,056
Commercial property		26,361		75,013		42,505		47,199		46,597
Personal lines property		14,745		2,253		21,670		31,460		27,585
Total Individual Risk premiums	$	101,534	$	238,391	$	123,316	$	141,601	$	166,238

		Nine months ended
	Sept. 30, 2007		Sept. 30, 2006

By Type of Business
Commercial multi-line	$	280,694	$	296,045
Commercial property		143,879		179,006
Personal lines property		38,668		72,740
Total Individual Risk premiums	$	463,241	$	547,791

DaVinciRe Holdings Ltd. and Subsidiary

Consolidated Statements of Operations

	Three months ended
	Sept. 30, 2007			June 30, 2007			March 31, 2007			Dec. 31, 2006			Sept. 30, 2006
Revenues
Gross premiums written	$	17,738		$	172,044		$	168,350		$	2,925		$	10,828
Net premiums written	$	5,662		$	159,155		$	166,251		$	3,117		$	1,211
Decrease (increase) in unearned premiums		76,796			(83,855	)		(87,786	)		66,821			70,893
Net premiums earned		82,458			75,300			78,465			69,938			72,104
Net investment income		19,496			18,961			18,657			16,572			16,036
Net foreign exchange (losses) gains		(1,545	)		(170	)		897			(1,428	)		(59	)
Other loss		(5,548	)		(3,422	)		(3,448	)		(1,045	)		(952	)
Net realized gains (losses) on investments		350			(2,972	)		763			646			1,178
Total revenues		95,211			87,697			95,334			84,683			88,307
Expenses
Net claims and claim expenses incurred		9,302			12,587			35,118			9,251			(6,574	)
Acquisition expenses		19,162			17,233			12,771			16,567			18,341
Operational and corporate expenses		8,554			7,795			7,827			8,154			7,688
Interest expense		3,067			3,033			3,000			2,469			2,377
Total expenses		40,085			40,648			58,716			36,441			21,832
Income before minority interest		55,126			47,049			36,618			48,242			66,475
Minority interest		(116	)		(101	)		(79	)		(103	)		(138	)
Net income	$	55,010		$	46,948		$	36,539		$	48,139		$	66,337
Net claims and claim expenses incurred - current accident year	$	14,393		$	20,037		$	40,012		$	11,422		$	(2,032	)
Net claims and claim expenses incurred - prior accident years		(5,091	)		(7,450	)		(4,894	)		(2,171	)		(4,542	)
Net claims and claim expenses incurred - total	$	9,302		$	12,587		$	35,118		$	9,251		$	(6,574	)
Net claims and claim expense ratio - current accident year		17.5	%		26.6	%		51.0	%		16.3	%		(2.8	%)
Net claims and claim expense ratio - prior accident years		(6.2	%)		(9.9	%)		(6.2	%)		(3.1	%)		(6.3	%)
Net claims and claim expense ratio - calendar year		11.3	%		16.7	%		44.8	%		13.2	%		(9.1	%)
Underwriting expense ratio		33.6	%		33.2	%		26.3	%		35.3	%		36.1	%
Combined ratio		44.9	%		49.9	%		71.1	%		48.5	%		27.0	%

RenaissanceRe Holdings Ltd.

Summary Consolidated Balance Sheets

	Sept. 30, 2007		June 30, 2007		March 31, 2007		Dec. 31, 2006		Sept. 30, 2006
Assets
Fixed maturity investments available for sale, at fair value	$	3,475,449	$	3,179,189	$	3,155,864	$	3,111,930	$	3,176,045
Short term investments, at cost		2,418,958		2,268,172		2,183,564		2,410,971		1,841,330
Other investments, at fair value		716,686		661,709		620,576		592,829		559,256
Investments in other ventures, under equity method		176,256		235,371		239,021		227,075		195,787
Total investments		6,787,349		6,344,441		6,199,025		6,342,805		5,772,418
Cash and cash equivalents		317,295		266,455		270,608		214,399		245,817
Premiums receivable		714,495		927,657		538,720		419,150		623,869
Ceded reinsurance balances		194,357		241,488		116,020		133,971		232,439
Losses recoverable		220,037		236,990		248,599		301,854		394,335
Accrued investment income		41,483		41,824		41,881		41,234		38,437
Deferred acquisition costs		142,171		171,931		124,282		106,918		138,922
Receivable for investments sold		197,110		193,387		109,554		61,061		18
Other assets		147,041		134,190		138,427		147,634		93,302
Total assets	$	8,761,338	$	8,558,363	$	7,787,116	$	7,769,026	$	7,539,557
Liabilities, Minority Interest and Shareholders Equity
Liabilities
Reserve for claims and claim expenses	$	2,128,644	$	2,128,216	$	2,109,864	$	2,098,155	$	2,155,213
Reserve for unearned premiums		880,714		1,145,739		768,882		578,424		900,133
Debt		450,540		450,000		450,000		450,000		410,000
Subordinated obligation to capital trust								103,093		103,093
Reinsurance balances payable		358,333		344,945		232,832		395,083		437,653
Payable for investments purchased		511,153		200,833		138,110		88,089		54,953
Other liabilities		148,388		114,406		104,300		125,401		68,874
Total liabilities		4,477,772		4,384,139		3,803,988		3,838,245		4,129,919
Minority interest - DaVinciRe		761,815		714,186		679,568		650,284		612,431
Shareholders Equity
Preference shares		650,000		650,000		650,000		800,000		500,000
Common shares		70,852		72,266		72,289		72,140		72,108
Additional paid-in capital		212,297		283,693		279,979		284,123		286,592
Accumulated other comprehensive income		29,649		12,939		27,420		25,217		25,472
Retained earnings		2,558,953		2,441,140		2,273,872		2,099,017		1,913,035
Total shareholders equity		3,521,751		3,460,038		3,303,560		3,280,497		2,797,207
Total liabilities, minority interest and shareholders equity	$	8,761,338	$	8,558,363	$	7,787,116	$	7,769,026	$	7,539,557
Book value per common share	$	40.53	$	38.88	$	36.71	$	34.38	$	31.86
Common shares outstanding		70,852		72,266		72,289		72,140		72,108

RenaissanceRe Holdings Ltd.

Composition of Investment Portfolio

	Sept. 30, 2007				June 30, 2007				March 31, 2007				Dec. 31, 2006				Sept. 30, 2006
TYPE OF INVESTMENT
U.S. treasuries and agencies	$	1,005,748	14.8	%	$	1,006,808	15.9	%	$	1,214,606	19.6	%	$	1,180,064	18.6	%	$	1,403,475	24.2	%
Non-U.S. government		127,346	1.9	%		143,004	2.3	%		146,774	2.4	%		154,848	2.4	%		153,396	2.7	%
Corporate		950,739	14.0	%		967,070	15.2	%		1,015,171	16.4	%		995,410	15.7	%		855,272	14.8	%
Mortgage-backed		861,157	12.7	%		634,066	10.0	%		405,205	6.5	%		397,741	6.3	%		389,868	6.8	%
Asset-backed		530,459	7.8	%		428,241	6.7	%		374,108	6.0	%		383,867	6.1	%		374,034	6.5	%
Total fixed maturities available for sale		3,475,449	51.2	%		3,179,189	50.1	%		3,155,864	50.9	%		3,111,930	49.1	%		3,176,045	55.0	%
Short term investments, at cost		2,418,958	35.6	%		2,268,172	35.8	%		2,183,564	35.2	%		2,410,971	38.0	%		1,841,330	31.9	%
Other investments, at fair value		716,686	10.6	%		661,709	10.4	%		620,576	10.0	%		592,829	9.3	%		559,256	9.7	%
Total managed investment portfolio		6,611,093	97.4	%		6,109,070	96.3	%		5,960,004	96.1	%		6,115,730	96.4	%		5,576,631	96.6	%
Investments in other ventures, under equity method		176,256	2.6	%		235,371	3.7	%		239,021	3.9	%		227,075	3.6	%		195,787	3.4	%
Total investments	$	6,787,349	100.0	%	$	6,344,441	100.0	%	$	6,199,025	100.0	%	$	6,342,805	100.0	%	$	5,772,418	100.0	%
CREDIT QUALITY OF FIXED MATURITIES
AAA	$	2,656,928	76.4	%	$	2,339,451	73.6	%	$	2,286,168	72.4	%	$	2,248,182	72.2	%	$	2,455,167	77.3	%
AA		447,123	12.9	%		484,035	15.2	%		514,643	16.3	%		479,340	15.4	%		339,209	10.7	%
A		173,240	5.0	%		161,038	5.1	%		157,437	5.0	%		167,068	5.4	%		172,119	5.4	%
BBB		115,382	3.3	%		115,184	3.6	%		122,030	3.9	%		139,453	4.5	%		138,423	4.4	%
Non-investment grade		82,776	2.4	%		79,481	2.5	%		75,586	2.4	%		77,887	2.5	%		71,127	2.2	%
Total fixed maturities available for sale	$	3,475,449	100.0	%	$	3,179,189	100.0	%	$	3,155,864	100.0	%	$	3,111,930	100.0	%	$	3,176,045	100.0	%
MATURITY PROFILE OF FIXED MATURITIES
Due in less than one year	$	383,365	11.0	%	$	471,367	14.8	%	$	529,078	16.8	%	$	508,982	16.4	%	$	329,405	10.4	%
Due after one through five years		1,324,174	38.1	%		1,324,211	41.6	%		1,534,647	48.6	%		1,539,509	49.5	%		1,777,781	55.9	%
Due after five through ten years		290,864	8.4	%		240,195	7.6	%		221,741	7.0	%		178,143	5.7	%		215,586	6.8	%
Due after ten years		85,430	2.4	%		81,109	2.6	%		91,085	2.9	%		103,688	3.3	%		89,371	2.8	%
Mortgage-backed securities		861,157	24.8	%		634,066	19.9	%		405,205	12.8	%		397,741	12.8	%		389,868	12.3	%
Asset-backed securities		530,459	15.3	%		428,241	13.5	%		374,108	11.9	%		383,867	12.3	%		374,034	11.8	%
Total fixed maturities available for sale	$	3,475,449	100.0	%	$	3,179,189	100.0	%	$	3,155,864	100.0	%	$	3,111,930	100.0	%	$	3,176,045	100.0	%

	As of or for the three months ended
	Sept. 30, 2007		June 30, 2007		March 31, 2007		Dec. 31, 2006		Sept. 30, 2006
Average yield to maturity of fixed maturities and short term investments	4.9	%	5.4	%	5.1	%	5.3	%	5.2	%
Average duration of fixed maturities and short term investments	1.3		1.3		1.3		1.3		1.4
Average credit quality of fixed maturities and short term investments	AA		AA		AA		AA		AA

RenaissanceRe Holdings Ltd.

Summary of Other Investments

		Sept. 30, 2007			June 30, 2007		Mar. 31, 2007			Dec. 31, 2006			Sept. 30, 2006
TYPE OF INVESTMENT
Private equity partnerships	$	293,099		$	278,312		$	247,809		$	223,245		$	208,583
Non-U.S. fixed income funds		125,687			103,124			100,601			97,999			92,435
Catastrophe bonds		124,247			123,549			115,865			114,614			50,041
Senior secured bank loan funds		98,412			84,136			83,007			81,428			79,831
Hedge funds		75,230			72,577			73,283			72,439			125,262
Miscellaneous other investments		11			11			11			3,104			3,104
Total other investments	$	716,686		$	661,709		$	620,576		$	592,829		$	559,256

TYPE OF INVESTMENT
Private equity partnerships		40.9	%		42.0	%		39.9	%		37.7	%		37.2	%
Non-U.S. fixed income funds		17.5	%		15.6	%		16.2	%		16.6	%		16.6	%
Catastrophe bonds		17.3	%		18.7	%		18.7	%		19.3	%		8.9	%
Senior secured bank loan funds		13.8	%		12.7	%		13.4	%		13.7	%		14.3	%
Hedge funds		10.5	%		11.0	%		11.8	%		12.2	%		22.4	%
Miscellaneous other investments		0.0	%		0.0	%		0.0	%		0.5	%		0.6	%
Total other investments		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%

RenaissanceRe Holdings Ltd.

Reserve for Claims and Claim Expenses

	Case Reserves		Additional Case Reserves		IBNR		Total
September 30, 2007
Property catastrophe reinsurance	$	268,412	$	332,990	$	238,595	$	839,997
Specialty reinsurance		124,511		97,262		401,376		623,149
Total Reinsurance		392,923		430,252		639,971		1,463,146
Individual Risk		246,111		13,360		406,027		665,498
Total	$	639,034	$	443,612	$	1,045,998	$	2,128,644

June 30, 2007
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

RenaissanceRe Holdings Ltd.

Paid to Incurred Analysis

	Three months ended September 30, 2007										Three months ended September 30, 2006
	Gross				Recoveries			Net			Gross			Recoveries			Net
Reserve for losses and loss expenses, beginning of period	$	2,128,216		$		236,990	$		1,891,226		$	2,347,525		$	464,556		$	1,882,969
Incurred losses and loss expenses
Current year		181,958				30,099			151,859			114,295			18,428			95,867
Prior years		(15,902	)			4,257			(20,159	)		(56,927	)		(3,496	)		(53,431	)
Total incurred losses and loss expenses		166,056				34,356			131,700			57,368			14,932			42,436
Paid losses and loss expenses
Current year		43,863				4,430			39,433			78,194			12,901			65,293
Prior years		121,765				46,879			74,886			171,486			72,252			99,234
Total paid losses and loss expenses		165,628				51,309			114,319			249,680			85,153			164,527
Reserve for losses and loss expenses, end of period	$	2,128,644		$		220,037	$		1,908,607		$	2,155,213		$	394,335		$	1,760,878

	Nine months ended September 30, 2007										Nine months ended September 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		631,705				88,780			542,925			504,140			48,525			455,615
Prior years		(118,444	)			7,935			(126,379	)		(128,055	)		(21,390	)		(106,665	)
Total incurred losses and loss expenses		513,261				96,715			416,546			376,085			27,135			348,950
Paid losses and loss expenses
Current year		63,753				7,396			56,357			112,838			12,942			99,896
Prior years		419,019				171,136			247,883			722,585			293,048			429,537
Total paid losses and loss expenses		482,772				178,532			304,240			835,423			305,990			529,433
Reserve for losses and loss expenses, end of period	$	2,128,644		$		220,037	$		1,908,607		$	2,155,213		$	394,335		$	1,760,878

RenaissanceRe Holdings Ltd.

Equity in (Losses) Earnings of Other Ventures

	Three months ended
	September 30, 2007			June 30, 2007		March 31, 2007		December 31, 2006			September 30, 2006
Top Layer Re	$	4,093		$	3,761	$	3,933	$	3,232		$	3,176
Starbound		301			302		1,686		880			941
Tower Hill		1,131			79		253		(1,141	)		872
Starbound II		1,057			344
ChannelRe		(30,568	)		5,189		4,829		5,653			5,142
Total equity in (losses) earnings of other ventures	$	(23,986	)	$	9,675	$	10,701	$	8,624		$	10,131

	Nine months ended
	September 30, 2007			September 30, 2006
Top Layer Re	$	11,787		$	9,471
Starbound		2,289			1,246
Tower Hill		1,463			1,743
Starbound II		1,401
ChannelRe		(20,550	)		13,444
Total equity in (losses) earnings of other ventures	$	(3,610	)	$	25,904

RenaissanceRe Holdings Ltd.

Ratings

At September 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 and, commencing in the third quarter of 2007, net unrealized gains and losses on credit derivatives issued by entities included in investments in other ventures, under equity method. Prior to the third quarter of 2007, the Company had no net unrealized gains and losses on credit derivatives issued by entities included in investments in other ventures, under equity method. In the presentation below, the only adjustments in respect of unrealized gains and losses for the current period reflect unrealized mark-to-market losses on credit derivatives and other credit-related products issued by ChannelRe, a financial guarantee reinsurer whose investment is accounted for by the Company under the equity method. The Company believes that the prevailing convention among financial guarantee insurers, reinsurers and other market participants, such as ChannelRe, is to exclude from operating income such unrealized gains and losses attributable to credit derivatives and other credit-related products. 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 and credit derivatives issued by entities included in investments in other ventures, under equity method, which are not considered by management to be relevant indicators 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															Nine months ended
	Sept. 30, 2007			June 30, 2007			March 31, 2007			Dec. 31, 2006			Sept. 30, 2006			Sept. 30, 2007			Sept. 30, 2006
Net income available to common shareholders	$	133,400		$	183,166		$	190,805		$	201,135		$	251,112		$	507,371		$	560,500
Adjustment for net realized (gains) losses on investments		(1,592	)		11,566			(4,085	)		(2,489	)		(4,151	)		5,889			36,953
Adjustment for net unrealized losses on credit derivatives issued by entities included in investments in other ventures, under equity method		35,970															35,970
Operating income available to common shareholders	$	167,778		$	194,732		$	186,720		$	198,646		$	246,961		$	549,230		$	597,453
Net income available to common shareholders	$	1.85		$	2.53		$	2.63		$	2.78		$	3.48		$	7.02		$	7.79
per common share - diluted
Adjustment for net realized (gains) losses on investments		(0.02	)		0.16			(0.06	)		(0.04	)		(0.06	)		0.08			0.51
Adjustment for net unrealized losses on credit derivatives issued by entities included in investments in other ventures, under equity method		0.50															0.50
Operating income available to common shareholders per common share - diluted	$	2.33		$	2.69		$	2.57		$	2.74		$	3.42		$	7.60		$	8.30
Return on average common equity - annualized		18.8	%		26.8	%		29.7	%		33.7	%		46.3	%		25.0	%		37.3	%
Adjustment for net realized (gains) losses on investments		(0.2	%)		1.7	%		(0.6	%)		(0.4	%)		(0.7	%)		0.3	%		2.5	%
Adjustment for net unrealized losses on credit derivatives issued by entities included in investments in other ventures, under equity method		5.0	%		0.0	%		0.0	%		0.0	%		0.0	%		1.8	%		0.0	%
Operating return on average common equity - annualized		23.6	%		28.5	%		29.1	%		33.3	%		45.6	%		27.1	%		39.8	%

The Company has also included in this Financial Supplement 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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