RenaissanceRe (RNR) Surpasses Q4 Earnings Estimates

Core Viewpoint - RenaissanceRe reported quarterly earnings of $8.06 per share, exceeding the Zacks Consensus Estimate of $7.61 per share, but down from $11.77 per share a year ago, indicating a 31.5% year-over-year decline in earnings [1][2] Financial Performance - The company achieved revenues of $2.96 billion for the quarter ended December 2024, which was 1.22% below the Zacks Consensus Estimate, but up from $2.63 billion in the same quarter last year, reflecting a year-over-year revenue growth of 12.6% [2] - Over the last four quarters, RenaissanceRe has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - RenaissanceRe shares have increased approximately 5.8% since the beginning of the year, outperforming the S&P 500's gain of 2.2% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $10.80 on revenues of $3.01 billion, while the estimate for the current fiscal year is $34.22 on revenues of $12.13 billion [7] - The estimate revisions trend for RenaissanceRe is mixed, leading to a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Insurance - Property and Casualty industry is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% of ranked industries [8]