Benzinga | Apr 14, 2021 04:20PM EDT

RenaissanceRe Sees $180M Net Negative Impact In Q1 From Winter Storm Uri

RenaissanceRe Holdings Ltd. (NYSE:RNR) (the "Company" or "RenaissanceRe") today announced it estimates that losses from Winter Storm Uri will have a net negative impact of approximately $180 million on the Company's first quarter 2021 results of operations. Winter Storm Uri was a major wind and ice storm that impacted the U.S. in February 2021, causing widespread damage in many areas, including Texas. For the first quarter of 2021, the Company expects to report a net loss attributable to common shareholders and nominal operating income available to common shareholders.