RenaissanceRe (RNR) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - RenaissanceRe reported revenue of $2.87 billion for the quarter ended September 2025, reflecting a 4.5% decline year-over-year and a surprise of -3.67% compared to the Zacks Consensus Estimate of $2.98 billion [1] - The company's EPS was $15.62, significantly higher than the $10.23 reported in the same quarter last year, resulting in an EPS surprise of +64.59% against the consensus estimate of $9.49 [1] Financial Performance Metrics - Underwriting Expense Ratio for Casualty and Specialty was reported at 33.8%, slightly above the average estimate of 33.5% [4] - Underwriting Expense Ratio for Property was 29.7%, compared to the estimated 25.5% [4] - Combined Ratio for Property was reported at 15.5%, significantly lower than the estimated 80.9% [4] - Net Claims and Claim Expense Ratio for Casualty and Specialty was 67.6%, slightly above the estimate of 66.8% [4] - Overall Combined Ratio was 68.4%, well below the estimated 92.3% [4] - Combined Ratio for Casualty and Specialty was 101.4%, slightly above the estimate of 100.3% [4] Premiums and Investment Income - Net premiums earned in Casualty and Specialty were $1.5 billion, matching the average estimate but showing a year-over-year decline of 5.8% [4] - Net investment income was reported at $438.35 million, exceeding the average estimate of $419.87 million, with a year-over-year increase of 3.4% [4] - Net premiums earned in Property were $936.93 million, below the average estimate of $1.06 billion, also reflecting a year-over-year decline of 5.8% [4] - Revenues from equity in earnings (losses) of other ventures were $12.55 million, significantly higher than the average estimate of $7.37 million, marking a year-over-year increase of 119.5% [4] - Total net premiums earned were $2.43 billion, below the average estimate of $2.56 billion, with a year-over-year decline of 5.8% [4] Stock Performance - RenaissanceRe shares have returned -3.2% over the past month, contrasting with the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]