See more : Dyna Group International Inc. (DGIX) Income Statement Analysis – Financial Results
Complete financial analysis of RenaissanceRe Holdings Ltd. (RNR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of RenaissanceRe Holdings Ltd., a leading company in the Insurance – Reinsurance industry within the Financial Services sector.
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RenaissanceRe Holdings Ltd. (RNR)
About RenaissanceRe Holdings Ltd.
RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. The company distributes its products and services primarily through intermediaries. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.09B | 5.05B | 5.27B | 5.16B | 4.18B | 2.06B | 2.10B | 1.73B | 1.49B | 1.23B | 1.36B | 1.38B | 1.10B | 1.22B | 1.67B | 1.23B | 1.67B | 1.84B | 1.66B | 1.57B | 1.37B | 910.45M | 440.89M | 349.74M | 270.24M | 260.53M | 254.73M | 294.85M | 71.00M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 9.09B | 5.05B | 5.27B | 5.16B | 4.18B | 2.06B | 2.10B | 1.73B | 1.49B | 1.23B | 1.36B | 1.38B | 1.10B | 1.22B | 1.67B | 1.23B | 1.67B | 1.84B | 1.66B | 1.57B | 1.37B | 910.45M | 440.89M | 349.74M | 270.24M | 260.53M | 254.73M | 294.85M | 71.00M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 51.24M | 323.47M | 253.34M | 303.66M | 316.86M | 212.25M | 179.35M | 235.15M | 296.23M | 213.63M | 224.73M | 195.99M | 187.93M | 186.18M | 203.93M | 147.80M | 28.86M | 24.42M | 71.81M | 17.61M | 16.04M | 14.33M | 11.49M | 8.02M | 9.90M | 18.90M | 3.20M | 2.30M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 65.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 51.24M | 323.47M | 253.34M | 303.66M | 316.86M | 212.25M | 179.35M | 235.15M | 296.23M | 213.63M | 224.73M | 195.99M | 187.93M | 186.18M | 203.93M | 213.55M | 28.86M | 24.42M | 71.81M | 17.61M | 16.04M | 14.33M | 11.49M | 8.02M | 9.90M | 18.90M | 3.20M | 2.30M | 0.00 |
| Other Expenses | 9.09B | 69.75M | -5.58B | -4.69B | -3.73B | 1.60B | 2.25B | 861.85M | 722.77M | 359.37M | 314.27M | 461.01M | 982.07M | 245.82M | 11.07M | -92.67M | 246.00M | 85.17M | 14.03M | 38.75M | 51.35M | 97.49M | 35.35M | 37.51M | 35.14M | 24.89M | 29.56M | -134.44M | -31.80M |
| Operating Expenses | 9.09B | 69.75M | -5.33B | -4.39B | -3.42B | 1.81B | 2.43B | 1.10B | 1.02B | 573.00M | 539.00M | 657.00M | 1.17B | 432.00M | 215.00M | 55.13M | 274.86M | 109.59M | 85.84M | 56.36M | 67.40M | 111.82M | 46.84M | 45.54M | 45.04M | 43.79M | 32.76M | -132.14M | -31.80M |
| Cost & Expenses | 9.09B | 6.27B | 5.38B | 4.16B | 3.21B | 1.79B | 2.42B | 1.10B | 998.25M | 547.14M | 516.25M | 634.61M | 1.17B | 432.31M | 606.10M | 1.20B | 1.07B | 898.53M | 2.06B | 1.44B | 663.58M | 524.38M | 260.85M | 217.86M | 167.52M | 206.43M | 115.48M | 138.69M | -31.80M |
| Interest Income | 0.00 | 50.54M | 49.84M | 50.45M | 58.36M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 73.18M | 48.34M | 47.54M | 50.45M | 58.36M | 47.07M | 44.19M | 42.14M | 35.67M | 17.16M | 17.93M | 23.10M | 23.37M | 21.83M | 15.11M | 24.63M | 33.63M | 37.60M | 28.22M | 25.97M | 18.25M | 13.07M | 7.25M | 17.17M | 9.93M | 4.47M | 4.27M | 6.55M | 0.00 |
| Depreciation & Amortization | -134.75M | -26.95M | -20.99M | 16.65M | -58.96M | 123.00K | 31.24M | 29.30M | 18.18M | 47.77M | 51.60M | 59.70M | 42.30M | 59.72M | 9.21M | -8.87M | -19.77M | -12.28M | 9.64M | 16.86M | 13.09M | 19.04M | 3.19M | 315.00K | 9.81M | 14.49M | 1.12M | 296.00K | 0.00 |
| EBITDA | 3.01B | -1.25B | -126.27M | 1.09B | 963.94M | 297.38M | -242.12M | 688.05M | 547.77M | 758.06M | 912.48M | 854.95M | -16.06M | 856.78M | 1.07B | 118.22M | 811.80M | 992.09M | -365.36M | 169.65M | 654.81M | 408.99M | 190.49M | 149.36M | 122.46M | 73.06M | 144.64M | 163.01M | 39.20M |
| EBITDA Ratio | 33.08% | -21.42% | -1.57% | 15.16% | 16.80% | 13.04% | -5.75% | 33.28% | 29.38% | 48.48% | 56.13% | 49.55% | 0.74% | 66.97% | 54.84% | 3.68% | 36.50% | 44.73% | -12.62% | 12.95% | 47.92% | 44.92% | 43.20% | 42.71% | 45.32% | 28.04% | 56.78% | 55.29% | 55.21% |
| Operating Income | 3.14B | -1.05B | -61.70M | 765.05M | 761.06M | 268.13M | -151.71M | 545.45M | 421.00M | 550.49M | 710.25M | 625.44M | -34.18M | 760.44M | 905.36M | 54.22M | 627.63M | 835.65M | -218.55M | 186.21M | 641.72M | 389.95M | 187.30M | 149.04M | 112.65M | 58.58M | 143.52M | 162.71M | 39.20M |
| Operating Income Ratio | 34.54% | -20.88% | -1.17% | 14.84% | 18.21% | 13.04% | -7.24% | 31.59% | 28.17% | 44.61% | 52.33% | 45.23% | -3.12% | 62.09% | 54.28% | 4.40% | 37.68% | 45.40% | -13.20% | 11.88% | 46.96% | 42.83% | 42.48% | 42.62% | 41.69% | 22.48% | 56.34% | 55.19% | 55.21% |
| Total Other Income/Expenses | -29.71M | -105.24M | -52.41M | -35.69M | -63.78M | -59.50M | -33.57M | -43.28M | -98.42M | -11.14M | -16.01M | -22.98M | -40.64M | -13.64M | -37.65M | 29.58M | -183.78M | 91.39M | -27.98M | -1.27M | 704.26M | 32.82M | 180.05M | 131.88M | 102.72M | 54.10M | 139.25M | 156.16M | 0.00 |
| Income Before Tax | 3.11B | -1.22B | -114.11M | 995.92M | 967.48M | 262.62M | -328.18M | 630.39M | 496.38M | 686.86M | 841.04M | 748.09M | -74.82M | 792.36M | 1.06B | 29.59M | 594.00M | 942.20M | -403.21M | 126.83M | 702.91M | 386.07M | 180.05M | 131.88M | 102.72M | 54.10M | 139.25M | 156.16M | 0.00 |
| Income Before Tax Ratio | 34.21% | -24.14% | -2.17% | 19.32% | 23.15% | 12.77% | -15.66% | 36.50% | 33.21% | 55.66% | 61.96% | 54.10% | -6.83% | 64.70% | 63.66% | 2.40% | 35.66% | 51.19% | -24.35% | 8.09% | 51.44% | 42.40% | 40.84% | 37.71% | 38.01% | 20.77% | 54.67% | 52.96% | 0.00% |
| Income Tax Expense | -510.07M | -59.02M | -10.67M | 2.86M | 17.22M | -6.30M | 26.49M | 340.00K | -45.87M | 608.00K | 1.69M | 1.43M | -315.00K | -6.12M | 9.09M | 568.00K | -18.43M | 935.00K | 28.22M | -4.00M | 18.00K | -115.00K | 14.26M | 4.65M | -1.53M | -20.48M | 4.27M | 6.55M | -39.20M |
| Net Income | 2.53B | -1.16B | -103.44M | 762.41M | 748.80M | 227.36M | -222.39M | 502.96M | 431.19M | 532.72M | 690.62M | 600.91M | -57.24M | 744.73M | 881.16M | 29.02M | 612.44M | 797.11M | -246.76M | 164.24M | 623.45M | 377.00M | 165.78M | 127.23M | 104.24M | 74.58M | 139.25M | 156.16M | 39.20M |
| Net Income Ratio | 27.78% | -22.97% | -1.96% | 14.79% | 17.92% | 11.06% | -10.61% | 29.13% | 28.85% | 43.17% | 50.88% | 43.46% | -5.23% | 60.81% | 52.83% | 2.36% | 36.77% | 43.30% | -14.90% | 10.47% | 45.62% | 41.41% | 37.60% | 36.38% | 38.57% | 28.63% | 54.67% | 52.96% | 55.21% |
| EPS | 52.40 | -26.95 | -2.19 | 15.34 | 16.32 | 5.72 | -5.58 | 11.50 | 9.36 | 12.77 | 15.14 | 11.40 | -1.13 | 12.42 | 13.50 | -0.21 | 8.08 | 10.72 | -3.50 | 1.90 | 8.78 | 5.08 | 2.72 | 2.23 | 1.70 | 1.13 | 2.06 | 2.05 | 0.50 |
| EPS Diluted | 52.27 | -26.95 | -2.19 | 15.31 | 16.29 | 5.72 | -5.58 | 11.43 | 9.28 | 12.60 | 14.87 | 11.23 | -1.13 | 12.31 | 13.40 | -0.21 | 7.93 | 10.57 | -3.50 | 1.85 | 8.53 | 4.88 | 2.72 | 2.17 | 1.68 | 1.11 | 2.02 | 2.00 | 0.50 |
| Weighted Avg Shares Out | 47.49M | 43.04M | 47.17M | 47.10M | 43.12M | 39.73M | 39.85M | 41.31M | 43.16M | 39.43M | 43.35M | 48.87M | 50.75M | 55.15M | 60.78M | 62.53M | 71.83M | 71.05M | 70.53M | 70.06M | 69.02M | 67.50M | 57.88M | 57.14M | 61.32M | 66.00M | 67.49M | 76.27M | 78.48M |
| Weighted Avg Shares Out (Dil) | 47.61M | 43.04M | 47.17M | 47.18M | 43.18M | 39.76M | 39.85M | 41.56M | 43.53M | 39.97M | 44.13M | 49.60M | 50.75M | 55.64M | 61.21M | 63.41M | 71.83M | 72.06M | 70.53M | 71.95M | 71.04M | 70.26M | 62.49M | 58.72M | 61.93M | 67.19M | 68.94M | 78.05M | 78.48M |
RenaissanceRe: A Series Of Preferred Shares Still Offers A 6.1% Yield
RenaissanceRe's book value per share continues to increase, indicating strong financial performance. The company's net investment income increased by over 50% in the first quarter, thanks to an expanded investment portfolio. RenaissanceRe's preferred shares offer a decent risk/reward ratio, with...
National Bank of Canada FI Sells 6,294 Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR)
National Bank of Canada FI reduced its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR – Free Report) by 97.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 190 shares...
Why Investors Are Buying RenaissanceRe (RNR) Shares Now
RenaissanceRe's (RNR) improving yields from its fixed maturity and short-term portfolios amid a high interest rate environment are expected to enhance its net investment income.
RenaissanceRe Holdings Ltd. Announces Quarterly Dividend and Renewal of Share Repurchase Program
PEMBROKE, Bermuda--(BUSINESS WIRE)--The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the “Company”) announced today a quarterly dividend of $0.39 per common share on its common shares. The dividend is payable on June 28, 2024, to shareholders...
RNR vs. CINF: Which Stock Is the Better Value Option?
Investors looking for stocks in the Insurance - Property and Casualty sector might want to consider either RenaissanceRe (RNR) or Cincinnati Financial (CINF). But which of these two stocks presents investors with the better value opportunity right now?
RenaissanceRe (RNR) Moves to Buy: Rationale Behind the Upgrade
RenaissanceRe (RNR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
RenaissanceRe Holdings Ltd. (RNR) Q1 2024 Earnings Call Transcript
RenaissanceRe Holdings Ltd. (NYSE:RNR ) Q1 2024 Earnings Call Transcript May 1, 2024 10:00 AM ET Company Participants Keith McCue - Senior Vice President of Finance and Investor Relations Kevin O'Donnell - President and Chief Executive Officer Robert Qutub -...
RenaissanceRe (RNR) Q1 Earnings Beat on Solid Property Segment
RenaissanceRe's (RNR) first-quarter results reflect a solid underwriting performance and improved investment income. A rise in expenses partially offsets its quarterly results.
Here's What Key Metrics Tell Us About RenaissanceRe (RNR) Q1 Earnings
Although the revenue and EPS for RenaissanceRe (RNR) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
RenaissanceRe (RNR) Tops Q1 Earnings and Revenue Estimates
RenaissanceRe (RNR) came out with quarterly earnings of $12.18 per share, beating the Zacks Consensus Estimate of $9.86 per share. This compares to earnings of $8.16 per share a year ago.
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