RenaissanceRe Holdings Ltd. (NYSE:RNR) Q2 2022 Earnings Conference Call July 26, 2022 10:00 AM ET

Company Participants

Keith McCue – Senior Vice President-Finance and Investor Relations

Kevin O’Donnell – President and Chief Executive Officer

Bob Qutub – Executive Vice President and Chief Financial Officer

Conference Call Participants

Elyse Greenspan – Wells Fargo

Jimmy Bhullar – JPMorgan

Meyer Shields – KBW

Ryan Tunis – Autonomous Research

Josh Shanker – Bank of America

Michael Phillips – Morgan Stanley

Yaron Kinar – Jefferies

Operator

Good morning. My name is Chelsy and I will be your conference operator today. At this time, I would like to welcome everyone to the RenaissanceRe Second Quarter 2022 Earnings Conference Call and Webcast. After the prepared remark, we will open the call for your questions. Instruction will be given at that time. [Operator Instructions] Thank you.

And I will now turn the call over to Keith McCue, Senior Vice President of Finance and Investor Relations. Please go ahead.

Keith McCue

Thank you. Good morning. Thank you for joining our second quarter financial results conference call. Yesterday after the market closed, we issued our quarterly release. If you didn't receive a copy, please call me at 441-239-4830 and we will make sure to provide you with one. There will be an audio replay of the call available from about 1:00 PM Eastern Time today through midnight on August 2nd. The replay can be accessed by dialing 800-938-2806 in the U.S. or 1-402-220-9034 internationally.

Today's call is also available through the Investor Information section of www.renre.com. Before we begin, I am obliged to caution that today's discussion may contain forward-looking statements and actual results may differ materially from those discussed. Additional information regarding the factors shaping these outcomes can be found in RenaissanceRe's SEC filings to which we direct you. With us to discuss today's results are Kevin O’Donnell, President and Chief Executive Officer, and Bob Qutub, Executive Vice President and Chief Financial Officer.

I'd now like to turn the call over to Kevin. Kevin?

Kevin O’Donnell

Thanks, Keith. Good morning, everyone. And thank you for joining today's call. We are pleased to report that RenRe generated strong second quarter results that combined consistent bottom line profitability with continued top line growth. For the quarter, we delivered an annualized operating return on average common equity of 18%, our third sequential quarter of double-digit ROEs. Importantly, we also increased our net premiums by 23%.