(Address of Principal Executive Offices) (Zip Code) (441) 295-4513 (Registrant's telephone number, including area code) Not Applicable (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: NOTE ON FORWARD-LOOKING STATEMENTS 5 PART I ITEM 1. FINANCIAL STATEMENTS 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 57 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET ...

RenaissanceRe Holdings Ltd. (NYSE:RNR) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Keith McCue - Senior Vice President of Finance & Investor Relations Kevin O'Donnell - President & Chief Executive Officer Bob Qutub - Executive Vice President & Chief Financial Officer David Marra - Executive Vice President & Group Chief Underwriting Officer Conference Call Participants Elyse Greenspan - Wells Fargo Josh Shanker - Bank of America Ryan Tunis - Autonomous Research Bob Huang - ...

RenaissanceRe (RNR) came out with quarterly earnings of $12.41 per share, beating the Zacks Consensus Estimate of $10.88 per share. This compares to earnings of $8.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.06%. A quarter ago, it was expected that this insurance company would post earnings of $9.86 per share when it actually produced earnings of $12.18, delivering a surprise of 23.53%. Over the last four quarters, ...

Financial Performance - Net income attributable to RenaissanceRe common shareholders for Q2 2024 was $495.046 million, compared to $191.025 million in Q2 2023, representing a 159.9% increase[8]. - Operating income attributable to RenaissanceRe common shareholders for Q2 2024 was $650.846 million, up from $411.453 million in Q2 2023, reflecting a 58.1% increase[8]. - Gross premiums written for Q2 2024 reached $3.425 billion, a 29.1% increase from $2.652 billion in Q2 2023[8]. - Net premiums earned for Q2 2024 were $2.541 billion, compared to $1.785 billion in Q2 2023, marking a 42.4% increase[8]. - Total revenues for the three months ended June 30, 2024, reached $2,828,520 thousand, compared to $1,853,231 thousand for the same period in 2023, marking an increase of around 53%[21]. - Net income attributable to RenaissanceRe for the three months ended June 30, 2024, was $503,890 thousand, compared to $199,869 thousand for the same period in 2023, representing a significant increase of approximately 152%[21]. - For the six months ended June 30, 2024, net income attributable to RenaissanceRe common shareholders was $859,844, up from $755,087 in the prior year[58]. Premiums and Underwriting - Gross premiums written for the six months ended June 30, 2024, reached $7,416,179, a significant increase from $5,441,882 for the same period in 2023, representing a growth of approximately 36.4%[30]. - Net premiums earned for the six months ended June 30, 2024, were $4,985,225, compared to $3,465,812 for the same period in 2023, indicating a growth of about 43.9%[30]. - The combined ratio for the six months ended June 30, 2024, was 79.2%, compared to 93.0% for the same period in 2023, showing an improvement of 14.0 percentage points[30]. - The combined ratio for the three months ended June 30, 2024, was 53.9%, compared to 42.9% for the same period in 2023, indicating a deterioration of 11 percentage points[21]. - The net claims and claim expense ratio for the current accident year for the six months ended June 30, 2024, was 53.8%, compared to 49.7% for the same period in 2023, reflecting an increase of 4.1 percentage points[30]. Investment Performance - The total investment return for Q2 2024 was 4.1%, compared to 1.6% in Q2 2023, indicating improved investment performance[8]. - The net investment income for the three months ended June 30, 2024, was $410,845 thousand, compared to $292,662 thousand for the same period in 2023, reflecting an increase of approximately 40%[21]. - The total investment result for the three months ended June 30, 2024, was $283,261, compared to $69,881 for the same period in 2023, reflecting a significant increase[117]. - Total investment return - annualized for the three months ended June 30, 2024, was 3.6%, down from 1.6% in the same period of 2023[38]. - Net investment income for the six months ended June 30, 2024, was $801,620, down 31.2% from $1,165,348 in the prior year[40]. Shareholder Equity and Book Value - Tangible book value per common share increased to $159.22 as of June 30, 2024, compared to $141.87 at the end of 2023[9]. - Shareholders' equity attributable to RenaissanceRe increased to $10,178,895 as of June 30, 2024, from $9,454,958 as of December 31, 2023, representing a growth of approximately 7.6%[28]. - Book value per common share rose to $179.87 as of June 30, 2024, compared to $165.20 as of December 31, 2023, reflecting an increase of about 8.5%[28]. Operational Expenses - Acquisition expenses for the three months ended June 30, 2024, totaled $644,438 thousand, compared to $422,545 thousand in the same period of 2023, reflecting an increase of about 52%[21]. - Operational expenses for the three months ended June 30, 2024, were $108,039 thousand, up from $80,491 thousand in the same period of 2023, indicating a rise of approximately 34%[21]. - The operating expense ratio remained stable at 4.3% for both June 30, 2024, and March 31, 2024[24]. Claims and Expenses - Net claims and claim expenses incurred for the three months ended June 30, 2024, were $1,309,502 thousand, up from $931,211 thousand in the same period of 2023, indicating a rise of approximately 40%[21]. - The net claims and claim expenses incurred for the six months ended June 30, 2024, totaled $2,475,625, up from $1,732,411 in the prior year, reflecting an increase of approximately 43.0%[30]. - The reserve for claims and claim expenses stood at $20,740,928 as of June 30, 2024, compared to $20,486,869 as of December 31, 2023, indicating a rise of about 1.2%[28]. Market Outlook - The company anticipates continued growth in gross premiums written and net premiums earned in the upcoming quarters, driven by market expansion strategies and new product offerings[77].

The earnings report, which is expected to be released on July 24, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $2.89 billion, up 38.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.56% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collective ...

RenaissanceRe Holdings Ltd. (RNR) is well-poised for growth due to its strong financial foundation, strategic acquisitions, and partnerships. Moreover, rising premiums earned due to improving underwriting results will contribute to its momentum. The positive effects of a high-interest-rate environment continue to be a significant driver. Headquartered in Pembroke, Bermuda, RNR offers insurance and reinsurance products in the domestic as well as international markets. It was founded in 1993 and currently has ...

A month has gone by since the last earnings report for RenaissanceRe (RNR) . Shares have added about 2% 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. RenaissanceRe Q1 Earnings Beat on Solid Propert ...

designer491 Introduction RenaissanceRe Holdings Ltd. (NYSE:RNR) is a large reinsurance company that is currently ranked 5th in the world based on gross written premiums after completing its acquisition of Validus from American International Group (AIG). The company pays a pretty low dividend, which means that the majority of its earnings is retained on the balance sheet, translating in an increasing book value per share. In the previous article, I was focusing on RenaissanceRe's preferred equity, and with a ...

RenaissanceRe Holdings Ltd. (RNR) is well-positioned for growth, capitalizing on a strong financial foundation, strategic acquisitions and partnerships. Additionally, increasing premiums earned and improving underwriting results will contribute to its momentum. The positive effects of a high-interest-rate environment continue to be a significant driver. Headquartered in Pembroke, Bermuda, RNR offers insurance and reinsurance products in the domestic as well as international markets. It was founded in 1993 a ...

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, 2024 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 ...