It has been about a month since the last earnings report for RenaissanceRe (RNR) . Shares have added about 12.6% in that time frame, outperforming 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 its most recent earnings report in order to get a better handle on the important drivers. RenaissanceRe Q2 Earnings Top on Strong Pr ...

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RenaissanceRe (RNR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The power of ...

Investors interested in stocks from the Insurance - Property and Casualty sector have probably already heard of RenaissanceRe (RNR) and Cincinnati Financial (CINF) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, an ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? T ...

(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].