Here's What Key Metrics Tell Us About RenaissanceRe (RNR) Q3 Earnings

Core Insights - RenaissanceRe reported $3.01 billion in revenue for Q3 2024, a 45.7% year-over-year increase, with an EPS of $10.23 compared to $8.33 a year ago, exceeding both revenue and EPS consensus estimates [1][3] Financial Performance Metrics - Net Claims and Claim Expense Ratio stood at 53.2%, significantly better than the 61.1% average estimate from four analysts [3] - Underwriting Expense Ratio was reported at 31.6%, slightly above the 30.1% average estimate from four analysts [3] - Combined Ratio was 84.8%, outperforming the 91.2% average estimate from four analysts [3] - Net premiums earned reached $2.58 billion, exceeding the four-analyst average estimate of $2.48 billion, reflecting a year-over-year increase of 47.1% [3] - Net investment income was $423.86 million, surpassing the $416.60 million estimate, marking a 28.8% year-over-year increase [3] - Net premiums earned in the Property segment were $994.78 million, above the three-analyst average estimate of $938.74 million, with a year-over-year change of 30.8% [3] - Net premiums earned in the Casualty and Specialty segment were $1.59 billion, exceeding the three-analyst average estimate of $1.53 billion, showing a year-over-year increase of 59.5% [3] Stock Performance - RenaissanceRe shares have returned +3% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [4]