Compared to Estimates, RenaissanceRe (RNR) Q4 Earnings: A Look at Key Metrics

Core Insights - RenaissanceRe reported $2.96 billion in revenue for Q4 2024, a 12.6% year-over-year increase, but fell short of the Zacks Consensus Estimate by 1.22% [1] - The EPS for the quarter was $8.06, down from $11.77 a year ago, with a surprise of +5.91% compared to the consensus estimate of $7.61 [1] Financial Performance Metrics - Net Claims and Claim Expense Ratio for the calendar year was 58.7%, better than the average estimate of 60.7% [4] - Underwriting Expense Ratio stood at 33%, slightly above the average estimate of 31.9% [4] - Combined Ratio was reported at 91.7%, outperforming the average estimate of 92.6% [4] - Net premiums earned totaled $2.53 billion, a 12.4% year-over-year increase, but below the average estimate of $2.56 billion [4] - Equity in earnings (losses) of other ventures was $14.65 million, exceeding the average estimate of $8.01 million, but down 4.9% year-over-year [4] - Net investment income was $428.81 million, slightly below the estimate of $430.26 million, but up 13.8% year-over-year [4] - Net premiums earned in Property were $938.66 million, below the average estimate of $969.75 million, reflecting a 6.1% year-over-year increase [4] - Other income (loss) was reported at $1.13 million, below the average estimate of $1.56 million, with a significant year-over-year change of +684% [4] - Net premiums earned in Casualty and Specialty reached $1.59 billion, slightly above the average estimate of $1.58 billion, marking a 16.4% year-over-year increase [4] Stock Performance - RenaissanceRe shares returned +5.8% over the past month, outperforming the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]