RenaissanceRe 2025 Sustainability Report A Message From Our CEO About This Report Sustainability Strategy Our Portfolio Our Partnerships Our People Our Operations Our Communities Our Governance Metrics and Performance Looking Ahead Appendix 19 In Focus: Investment Float Our underwriting portfolio, primarily our casualty and specialty segment, generates long-duration reserves that create investment "float", a structural advantage that we view as supporting consistent income and enhancing overall returns. Investments We structure our investment portfolio to emphasize the preservation of capital and the availability of liquidity to meet our claims obligations; to be well diversified across market sectors; and to generate relatively attractive returns on a risk- adjusted basis over time. We integrate ESG considerations into our investment process to support portfolio resilience and sustainable value creation. Investment Approach and Governance The IRMC is responsible for overseeing our investment strategies, performance and risk management; reviewing management procedures to develop investment strategies and risk limits and monitoring adherence to those guidelines; and reviewing and monitoring investment manager and investor portfolio performance. We have integrated climate-related considerations in our investment approach to support disciplined risk management and long-term portfolio resilience. 'A' 73% 97% We have calculated that the overall MSCI ESG rating for our investment portfolio is 'A' as of December 31, 2025. Carbon intensity reduction in corporate credit and listed equity portfolios, from our baseline, December 31, 2020, to December 31, 2025, as measured by MSCI. Of external managers are PRI signatories as of December 31, 2025. As a signatory to the UN Principles for Responsible Investment (UN PRI), we promote responsible investment practices across our internal processes and in our engagement with external asset managers. Responsible Investment Policy