RenaissanceRe (RNR) Tops Q2 Earnings Estimates

Group 1: Earnings Performance - RenaissanceRe reported quarterly earnings of $12.29 per share, exceeding the Zacks Consensus Estimate of $10.28 per share, but down from $12.41 per share a year ago, representing an earnings surprise of +19.55% [1] - The company posted revenues of $2.83 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 4.4% and down from $2.95 billion year-over-year [2] Group 2: Stock Performance and Outlook - RenaissanceRe shares have declined approximately 4.7% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The current consensus EPS estimate for the upcoming quarter is $4.23 on revenues of $3.05 billion, and for the current fiscal year, it is $21.41 on revenues of $12.12 billion [7] Group 3: Industry Context - The Insurance - Property and Casualty industry is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]