A month has gone by since the last earnings report for RenaissanceRe (RNR) . Shares have added about 4.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is RenaissanceRe due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It tu ...

we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.In today's article, we will look at an interesting case, namely the undervalued preferred stocks of RenaissanceRe Holdings Ltd. (NYSE: RNR ). These preferred stocks are among the highest rated on the exchange, and their yield spread hasDenislav leads the investing group Trade With Beta , features of the service in ...

Shares of RenaissanceRe (NYSE: RNR ) have been a solid performer over the past year, adding about 10%. Still, the stock is down over 10% from its highs before the California wildfires increased loss expectations. Q1 results showed the damage created by these fires, thoughOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a questio ...

Shares of RenaissanceRe Holdings Ltd. (RNR) have risen 0.9% since it reported first-quarter 2025 results on April 23. The quarterly revenues were aided by strong premium growth in the property segment. Higher net investment income also benefited the quarterly performance. However, the upside was offset by an elevated expense level due to the California Wildfires.RenaissanceRe reported a first-quarter 2025 operating loss of $1.49 per share, which missed the Zacks Consensus Estimate by 365.6%. Additionally, t ...

RenaissanceRe (RNR) Q1 2025 Earnings Call April 24, 2025 05:43 PM ET Company Participants Keith McCue - Senior Vice President of Finance & Investor RelationsKevin O’Donnell - President & CEORobert Qutub - Executive VP & CFODavid Marra - Executive VP & Group Chief Underwriting OfficerElyse Greenspan - Managing DirectorJian (Bob) Huang - Executive DirectorMeyer Shields - Managing DirectorAndrew Andersen - Equity Research Vice President Conference Call Participants Josh Shanker - AnalystJimmy Bhullar - Equity ...

RenaissanceRe Holdings Ltd. (NYSE:RNR) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants Keith McCue - Senior Vice President, Finance & Investor Relations Kevin O'Donnell - President and Chief Executive Officer Robert Qutub - Executive Vice President and Chief Financial Officer David Marra - Executive Vice President and Group Chief Underwriting Officer Conference Call Participants Elyse Greenspan - Wells Fargo Joshua Shanker - Bank of America Jimmy Bhullar - JPMorgan Bob Huang ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14428 RENAISSANCERE HOLDINGS LTD. (Exact Name Of Registrant As Specified In Its Charter) (State or Other Jurisdiction of Incorporation or ...

Core Viewpoint - RenaissanceRe Holdings Ltd. reported a modest operating loss in Q1 2025 due to significant catastrophe events, including California wildfires, but demonstrated resilience with a 7% annualized return on average common equity and strong investment performance [7][14][20]. Financial Performance - The company experienced a $771 million underwriting loss and a combined ratio of 128%, with a 52.6 percentage point impact from large losses [3][14]. - Fee income was suppressed at $30 million, down 64% from Q1 2024, with negative performance fees of $16 million [3][14]. - Retained net investment income was $279 million, supported by $328 million in retained mark-to-market gains [5][14]. Catastrophe Impact - The net negative impact from large losses was $703 million after-tax, primarily from California wildfires, which accounted for $633 million of the losses [3][14][17]. - The property catastrophe combined ratio was reported at 176%, reflecting a current accident year loss ratio of 170% [4][14]. Underwriting and Market Conditions - Management expects property catastrophe market conditions to remain attractive, with growing demand and strong pricing, particularly in Florida [7][20]. - The casualty market is showing signs of improvement, with rates continuing to increase and enhanced claims management strategies being implemented [8][20]. Capital Management - The company repurchased 1.5 million shares for $361 million at an average price of $242 per share during the quarter [5][14]. - An $800 million debt issuance was completed, including $500 million of RenaissanceRe senior notes and $300 million of Da Vinci senior notes [6][14]. Strategic Outlook - RenaissanceRe is positioned to benefit from increased risk aversion in a volatile macroeconomic environment, with a focus on margin preservation and growth opportunities in property catastrophe [12][20]. - The company updated its wildfire models to enhance quoting confidence for wildfire-exposed deals in Q2 2025 renewals [8][20].

Core Insights - RenaissanceRe reported $3.13 billion in revenue for Q1 2025, a 10.3% year-over-year increase, exceeding the Zacks Consensus Estimate by 7.79% [1] - The company experienced an EPS of -$1.49, a significant decline from $12.18 a year ago, with a surprise of -365.63% compared to the consensus estimate of -$0.32 [1] Financial Performance Metrics - The combined ratio was reported at 128.3%, higher than the estimated 113.5% by analysts [4] - The underwriting expense ratio was 27.5%, better than the average estimate of 30.2% [4] - The net claims and claim expense ratio for the calendar year was 100.8%, exceeding the estimated 83.4% [4] - Net investment income was $405.35 million, slightly below the average estimate of $428.77 million, but a 3.7% increase year-over-year [4] - Net premiums earned totaled $2.72 billion, surpassing the estimate of $2.47 billion, reflecting an 11.3% year-over-year increase [4] - Equity in earnings of other ventures was $17.83 million, exceeding the estimate of $9.43 million, marking a 26.2% year-over-year increase [4] - Net premiums earned in the property segment were $1.25 billion, significantly higher than the estimated $956.47 million, representing a 33.3% year-over-year increase [4] - Net premiums earned in the casualty and specialty segment were $1.47 billion, slightly below the estimate of $1.52 billion, showing a -2.3% year-over-year change [4] - Other income was reported at $0.91 million, significantly lower than the estimated $2 million, indicating a -1928% year-over-year change [4] Stock Performance - RenaissanceRe shares returned +1.8% over the past month, contrasting with the Zacks S&P 500 composite's -6.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Performance - Net income available to RenaissanceRe common shareholders for Q1 2025 was $161,147, a decrease of 56% from $364,798 in Q1 2024[13]. - Operating income available to RenaissanceRe common shareholders for Q1 2025 was $(69,754), compared to $636,379 in Q1 2024[13]. - Total revenues for Q1 2025 reached $3,470,488, an increase from $2,599,425 in Q1 2024[17]. - Net income attributable to RenaissanceRe common shareholders for the three months ended March 31, 2025, was $158,782, a decrease of 56% compared to $359,525 for the same period in 2024[88]. - Basic earnings per share for the three months ended March 31, 2025, was $3.29, down from $6.96 in the same period of the previous year[88]. - The company reported a net claims and claim expense ratio of 100.8% for the calendar year, indicating that claims exceeded premiums earned[21]. Premiums and Underwriting - Gross premiums written increased to $4,155,503 in Q1 2025, up 4.1% from $3,990,684 in Q1 2024[13]. - Net premiums written rose to $3,443,529, a 7.6% increase from $3,199,573 in the same period last year[13]. - The combined ratio for Q1 2025 was 128.3%, significantly higher than 77.9% in Q1 2024[13]. - The underwriting loss for the three months ended March 31, 2025, was $770.6 million, compared to an underwriting income of $540.7 million in the same period last year[21]. - The combined ratio for the first quarter of 2025 was 128.3%, significantly higher than 77.9% in the first quarter of 2024, indicating a deterioration in underwriting performance[21]. - Gross premiums written for the property segment increased by 12.7% to $2,130,833 compared to $1,889,881 in the same quarter last year[34]. Claims and Expenses - Net claims and claim expenses incurred surged to $2,743,758 in Q1 2025, compared to $1,166,123 in Q1 2024[17]. - The net claims and claim expenses incurred reached $1,623,257, a substantial increase from $154,249 in the previous year, resulting in a net claims and claim expense ratio of 130.1%[30]. - The company reported incurred claims and claim expenses of $3,104,842 for the current quarter, compared to $1,159,623 in the same quarter last year[48]. - Total reserves for claims and claim expenses increased to $22,857,131 from $21,303,491 at the end of the previous quarter[48]. Investment Performance - Total investment result for Q1 2025 was $738,293, compared to $177,121 in Q1 2024, reflecting a substantial increase[13]. - The annualized total investment return for managed investments was 9.3% in Q1 2025, up from 2.8% in Q1 2024[13]. - Net investment income for Q1 2025 was $405,353, compared to $390,775 in Q1 2024, showing a slight increase of 3.5%[70]. - The company reported net realized and unrealized losses on investments of $(373.4) million for Q1 2025, contrasting with gains of $232.6 million in Q1 2024[98]. - The company reported a net investment income return annualized of 4.8% for Q1 2025, down from 5.3% in Q1 2024, a decrease of 0.5%[112]. Assets and Equity - Total assets increased to $53.63 billion as of March 31, 2025, up from $50.71 billion at December 31, 2024, representing a growth of 5.7%[19]. - Shareholders' equity attributable to RenaissanceRe decreased to $10.35 billion as of March 31, 2025, down from $10.57 billion at the end of 2024[19]. - The tangible book value per common share increased to $178.31 as of March 31, 2025, from $177.18 at the end of 2024[106]. Segment Performance - The casualty and specialty segment gross premiums written decreased by 3.6% to $2,024,670 from $2,100,803 year-over-year[34]. - Total catastrophe net premiums written rose by 32.7% to $1,411,050 from $1,063,723 year-over-year[38]. - Casualty and Specialty segment net premiums written decreased by 2.7% to $1,752,535 from $1,801,955 in the prior year[38]. Future Outlook - The company is focusing on improving underwriting performance and managing claims expenses to enhance profitability in future quarters[30].