> For the complete documentation index, see [llms.txt](https://docs.onre.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.onre.finance/technical-resources/fees-and-commissions.md). # Fees and Commissions OnRe charges fees for investment management, performance, redemptions, and underwriting activities. Fees are calculated based on the applicable segregated account's assets, profitability, redemption activity, or gross written premiums. ### Fee Structure
FeeRateCalculation Basis
Investment Management Fee0.75% annuallyAverage net assets
Performance Management Fee20%Adjusted profit
Redemption FeeMinimum 0.25% (25 bps); variableRedemption amount, based on PropAMM pricing curve
Underwriting CommissionVaries by line of businessGross written premium
### Fee Calculations #### Investment Management Fee OnRe charges an annual investment management fee of 0.75% of average net assets held within the applicable segregated account. Net assets are calculated by subtracting the account's total liabilities from its total assets. The management fee is based on the average of this value over the applicable period, rather than a single point-in-time balance. #### Performance Management Fee OnRe charges a 20% performance management fee on adjusted profit generated by the applicable segregated account. Adjusted profit measures the change in net assets between reporting periods, excluding the impact of capital contributions and accounting for redemptions. $$ \begin{gathered} (\text{Current Period Total Net Assets} - \text{Previous Period Total Net Assets})\\\[8pt] -\ \text{Capital Contributions} + \text{Redemptions} \end{gathered} $$ #### Redemption Fee ONyc redemptions executed through OnRe's PropAMM are subject to a dynamic fee structure, with a minimum fee of 0.25% (25 basis points). The applicable rate fluctuates along a pricing curve based on liquidity conditions and redemption size. The fee is reflected in the execution quote at the time of redemption. #### Underwriting Commission OnRe charges underwriting commissions on reinsurance premiums received by the applicable segregated account. Commissions are calculated as a percentage of gross written premium, with rates determined by the underlying line of business. These commissions are collected upon receipt of premiums and reported in quarterly financial reports and annual financial statements. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.onre.finance/technical-resources/fees-and-commissions.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.