Here's What Key Metrics Tell Us About RenaissanceRe (RNR) Q4 Earnings

Core Insights - RenaissanceRe reported a revenue of $2.78 billion for the quarter ended December 2025, reflecting a 6% decrease year-over-year, and an EPS of $13.34, up from $8.06 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $2.95 billion, resulting in a surprise of -5.65%, while the EPS exceeded the consensus estimate of $10.59 by 25.97% [1] Financial Performance Metrics - The Underwriting Expense Ratio for Casualty and Specialty was 32.4%, better than the average estimate of 34.2% from three analysts [4] - The Underwriting Expense Ratio for Property was reported at 27.9%, compared to the average estimate of 28.7% [4] - The Combined Ratio for Property was significantly lower at 21.8%, against the average estimate of 63.5% [4] - The Net Claims and Claim Expense Ratio for Casualty and Specialty stood at 71.1%, higher than the average estimate of 67.1% [4] - The overall Combined Ratio was 71.4%, compared to the average estimate of 86% [4] - The Combined Ratio for Casualty and Specialty was 103.5%, slightly above the average estimate of 101.4% [4] - The Underwriting Expense Ratio overall was 30.7%, compared to the average estimate of 32% [4] Premiums and Investment Income - Net premiums earned in Casualty and Specialty were $1.42 billion, below the average estimate of $1.49 billion, marking a 10.9% decline year-over-year [4] - Net premiums earned in Property were $918.78 million, also below the average estimate of $1.01 billion, reflecting a 2.1% decrease compared to the previous year [4] - Net investment income was reported at $446.66 million, slightly above the average estimate of $439.41 million, showing a year-over-year increase of 4.2% [4] - Equity in earnings (losses) of other ventures was $20.62 million, exceeding the average estimate of $10.01 million, representing a significant year-over-year increase of 40.7% [4] - Total net premiums earned were $2.33 billion, lower than the average estimate of $2.5 billion, indicating a 7.6% decline compared to the year-ago quarter [4] Stock Performance - RenaissanceRe shares have returned +2.5% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]