Profile
Sector:
Financial ServicesIndustry:
Insurance - ReinsuranceCountry:
BermudaIPO:
27 July 1995Website:
http://www.renre.comNext earnings report:
26 July 2024Last dividends:
14 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:12:50 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
RNR Latest News
RenaissanceRe (RNR) reported earnings 30 days ago. What's next for the stock?
RenaissanceRe's book value per share continues to increase, indicating strong financial performance. The company's net investment income increased by over 50% in the first quarter, thanks to an expanded investment portfolio. RenaissanceRe's preferred shares offer a decent risk/reward ratio, with yields of 6.1% and 5.8% for different series.
RenaissanceRe's (RNR) net investment income is expected to increase due to improved yields in its fixed maturity and short-term portfolios in a high interest rate environment.
RenaissanceRe Holdings Ltd. (NYSE:RNR) Q1 2024 Earnings Call Transcript on May 1, 2024 at 10:00 AM ET with Company Participants including Keith McCue, Kevin O'Donnell, Robert Qutub, and David Marra. Conference Call Participants include Elyse Greenspan, Meyer Shields, Ryan Tunis, Joshua Shanker, Yaron Kinar, Brian Meredith, Mike Zaremski, Charlie Lederer, and David Motemaden. Operator: Good morning.
RenaissanceRe's (RNR) performance in the first quarter showed strong underwriting results and increased investment income, although higher expenses somewhat dampened its overall quarterly performance.
While the revenue and EPS figures for RenaissanceRe (RNR) offer insight into its quarterly performance ending in March 2024, it is important to also assess how certain key metrics stack up against analyst expectations and the figures from the same period last year.
RenaissanceRe (RNR) reported earnings of $12.18 per share for the quarter, surpassing the Zacks Consensus Estimate of $9.86 per share. This is an increase from earnings of $8.16 per share in the same quarter last year.
RenaissanceRe's (RNR) rising premiums earned and investment income are major growth drivers.
RenaissanceRe (RNR) reported earnings 30 days ago. What's next for the stock?
Renaissance Re is one of the largest reinsurance businesses in the world, providing insurance backup for insurers. The reinsurance market is experiencing growth due to factors such as environmental impact, economic growth, and regulation. Renaissance Re stands out in the industry with its focus on Property & Casualty reinsurance and its aggressive growth strategy through mergers and acquisitions.
What type of business is RenaissanceRe Holdings?
RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. The company distributes its products and services primarily through intermediaries. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
What sector is RenaissanceRe Holdings in?
RenaissanceRe Holdings is in the Financial Services sector
What industry is RenaissanceRe Holdings in?
RenaissanceRe Holdings is in the Insurance - Reinsurance industry
What country is RenaissanceRe Holdings from?
RenaissanceRe Holdings is headquartered in Bermuda
When did RenaissanceRe Holdings go public?
RenaissanceRe Holdings initial public offering (IPO) was on 27 July 1995
What is RenaissanceRe Holdings website?
https://www.renre.com
Is RenaissanceRe Holdings in the S&P 500?
No, RenaissanceRe Holdings is not included in the S&P 500 index
Is RenaissanceRe Holdings in the NASDAQ 100?
No, RenaissanceRe Holdings is not included in the NASDAQ 100 index
Is RenaissanceRe Holdings in the Dow Jones?
No, RenaissanceRe Holdings is not included in the Dow Jones index
When does RenaissanceRe Holdings report earnings?
The next expected earnings date for RenaissanceRe Holdings is 26 July 2024