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RenaissanceRe(RNR) - 2025 Q2 - Earnings Call Presentation
2025-07-24 14:00
Financial Performance - Gross Premiums Written increased from $8862 million in 2023 to $11733 million in 2024[5] - Net Premiums Written increased from $7468 million in 2023 to $9952 million in 2024[5] - Cash and Investments increased from $31094 million in 2023 to $34316 million in 2024[5] - Common Shareholders' Equity increased from $8705 million in 2023 to $9824 million in 2024[5] - The Combined Ratio was 779% in 2023 and 839% in 2024[5] - Book value per common share plus accumulated dividends increased from $192 in 2023 to $224 in 2024, with a CAGR of 31%[6] Business Segments - In 2024, Catastrophe represented 26%, General Casualty 19%, Other Property 16%, Professional Liability 10%, Other Specialty 21%, and Credit 8% of Gross Premiums Written[17] - In 2024, 51% of Gross Premiums Written came from the U S and Caribbean, 37% from Worldwide, 5% from Europe, 2% from Japan, Australia and New Zealand, 3% from Worldwide (Ex U S ), and 2% from Other regions[20] Capital Partners - Total Managed Capital is approximately $242 billion, including $128 billion of Owned Capital and ~$114 billion of Capital Partner Capital[22,23,25]
Everest Group (EG) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2025-07-23 15:00
Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Everest Group despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Everest Group is expected to report quarterly earnings of $15.14 per share, reflecting a year-over-year decrease of 10.2%, while revenues are projected to be $4.4 billion, an increase of 4.1% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.55% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP of +0.85% for Everest Group indicates a likelihood of beating the consensus EPS estimate, although the stock holds a Zacks Rank of 3 [11]. Historical Performance - In the last reported quarter, Everest Group's actual earnings of $6.45 per share fell short of the expected $7.46, resulting in a surprise of -13.54%. Over the last four quarters, the company has only beaten consensus EPS estimates once [12][13]. Market Reaction Factors - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment and stock performance [14].
Aspida Re Expands Global Footprint with Strategic Reinsurance Transaction in Japan
GlobeNewswire News Room· 2025-07-22 17:28
Core Insights - Aspida Life Re Ltd has executed its second reinsurance transaction in Japan, effective June 1, 2025, marking a significant step in its global expansion strategy [1][2] - The transaction involves a highly rated Japanese life insurance carrier and focuses on reinsurance for new or incoming flow business, specifically a Japanese yen denominated fixed annuity [2][3] - Aspida Re's CEO emphasized the company's commitment to the Japanese market and its vision of providing innovative, capital-efficient reinsurance solutions globally [3] Company Overview - Aspida Life Re Ltd is a Bermuda-based reinsurance platform focused on life and annuity reinsurance solutions, aiming to be a trusted partner for long-term financial growth [5] - As of March 31, 2025, Aspida Re has over $23.1 billion in total assets, with Ares Management Corporation acting as its dedicated investment manager [5]
X @Bloomberg
Bloomberg· 2025-07-21 17:18
Munich Re said second-quarter profit rose as some major-loss expenditures were less than expected, prompting the German reinsurance company to confirm its full-year profit guidance https://t.co/ybsIMhipaO ...
X @Bloomberg
Bloomberg· 2025-07-19 04:22
Mukesh Ambani’s Jio Financial Services is forming a reinsurance venture with Allianz in India, advancing the billionaire’s quest to broaden his reach in the sector. https://t.co/M4NXurqmRp ...
Aon enhances industry-leading Reinsurance team with executive appointments
Prnewswire· 2025-07-16 11:30
Alfonso Valera named CEO of International, Steve Hofmann as CEO of Americas, George Attard as Global Head of Strategy and Tomas Novotny as Chairman of InternationalDUBLIN, July 16, 2025 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the appointments of Alfonso Valera as CEO of International for Reinsurance, responsible for UK, EMEA and APAC, and Steve Hofmann as CEO of Americas for Reinsurance, responsible for North America and Latin America. The firm also ...
Hannover Re: Expect Robust Results, Despite California Wildfires
Seeking Alpha· 2025-07-14 14:30
Hannover Re ( OTCPK:HVRRY ) ( OTCPK:HVRRF ) is a Germany-based reinsurance company focusing on property and casualty insurance (about 70% of the reinsurance revenue in Q1) and Life and Health insurance (just under 30% of the total reinsurance revenue). Thanks to a strong investment strategy and an He is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on hi ...
Billionaire Warren Buffett Owns 5 Premier Artificial Intelligence (AI) Stocks -- but There's a Catch
The Motley Fool· 2025-07-14 07:06
Thanks to an acquisition in 1998, the Oracle of Omaha has a bigger stake in the AI revolution than most investors realize. Since the mid-1960s, Berkshire Hathaway's (BRK.A -0.60%) (BRK.B -0.52%) Warren Buffett has been consistently outpacing the benchmark S&P 500 in the return department. As of the closing bell on July 10, the Oracle of Omaha has overseen a cumulative return in his company's Class A shares (BRK.A) of 5,873,451% since becoming CEO. In comparison, the broad-based S&P 500 is higher by around 4 ...
Oxbridge / SurancePlus CEO Jay Madhu to Speak during Ethereum Community Conference (EthCC) – Cannes, at the Gamma Prime Investor Forum
Globenewswire· 2025-06-26 12:00
Core Insights - Oxbridge Re Holdings Limited is participating in the Ethereum Community Conference (EthCC) in Cannes, France, from June 30 to July 3, 2025, focusing on decentralized finance and tokenized assets [1][2] - CEO Jay Madhu will speak at the Gamma Prime Investor Forum, highlighting institutional-grade opportunities in the Real-World Asset (RWA) space [2] - Oxbridge Re specializes in tokenized reinsurance securities and offers business solutions to property and casualty insurers through its subsidiaries [3][4] Company Overview - Oxbridge Re Holdings Limited is headquartered in the Cayman Islands and trades on NASDAQ under the ticker OXBR [3] - The company provides tokenized RWAs as reinsurance securities and solutions to insurers, leveraging its subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited [3][4] - SurancePlus has developed the first "on chain" reinsurance RWA, democratizing access to reinsurance as an alternative investment for both U.S. and non-U.S. investors [5] Industry Context - The Ethereum Community Conference serves as a platform for blockchain builders, institutional investors, and capital allocators to explore advancements in decentralized finance and tokenized assets [1] - Gamma Prime, the investment platform hosting the forum, manages over $3.6 billion in assets under management (AUM) and has onboarded $460 million in investors, offering access to alternative investments including digital assets and RWAs [6]
Oxbridge / SurancePlus Commences Strategic Review of Potential Digital Asset Treasury and SurancePlus Carve Out
GlobeNewswire News Room· 2025-06-23 12:00
Core Insights - Oxbridge Re Holdings Limited is undergoing a strategic business review to enhance shareholder value, focusing on its subsidiary SurancePlus and potential initiatives in the Web3 space [1][2][3] Company Overview - Oxbridge Re Holdings Limited, listed on Nasdaq, specializes in digitizing reinsurance securities as tokenized real-world assets (RWAs) and provides reinsurance solutions to property and casualty insurers through its subsidiaries [4] - The company operates licensed reinsurers in the Gulf Coast region of the United States, facilitating property and casualty reinsurance purchases [5] Strategic Initiatives - The company is exploring various strategic initiatives, including a potential carve-out and Nasdaq listing for its subsidiary SurancePlus, as well as financing transactions to support a digital asset treasury initiative and related M&A opportunities [2][3] - The CEO of Oxbridge views these initiatives as transformative, potentially unlocking significant value for shareholders and positioning both Oxbridge and SurancePlus for accelerated growth [3] SurancePlus Developments - SurancePlus has developed the first "on chain" reinsurance RWA, democratizing access to reinsurance as an alternative investment for both U.S. and non-U.S. investors [6]