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, and other windstorms, as well as claims arising from other natural and man-made catastrophes comprising tsunamis, winter storms, freezes, floods, fires, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, and 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. It distributes its products and services primarily through intermediaries. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
IPO Year:
Exchange: NYSE
Website: renre.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | $287.00 | Equal Weight | Barclays |
| 1/10/2024 | Market Perform | TD Cowen | |
| 1/8/2024 | $204.00 | Neutral | JP Morgan |
| 12/14/2023 | $200.00 | Underperform | Evercore ISI |
| 11/22/2023 | $251.00 | Buy | Citigroup |
| 9/8/2023 | $242.00 | Buy | Goldman |
| 7/11/2023 | $198.00 → $216.00 | Market Perform → Outperform | BMO Capital Markets |
| 6/20/2023 | $222.00 | Equal-Weight | Morgan Stanley |
| 5/25/2023 | $234.00 → $238.00 | Hold → Buy | Jefferies |
| 1/20/2023 | $187.00 | Market Perform | BMO Capital Markets |
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JP Morgan analyst Jimmy Bhullar maintains RenaissanceRe Holdings (NYSE:RNR) with a Neutral and raises the price target from $265 to $267.
RenaissanceRe Holdings (NYSE:RNR) reported quarterly sales of $2.83 billion which missed the analyst consensus estimate of $2.94 billion by 3.86 percent. This is a 52.63 percent increase over sales of $1.85 billion the same period last year.
JP Morgan analyst Jimmy Bhullar maintains RenaissanceRe Holdings (NYSE:RNR) with a Neutral and raises the price target from $245 to $265.
Morgan Stanley analyst Michael Phillips maintains RenaissanceRe Holdings (NYSE:RNR) with a Equal-Weight and lowers the price target from $257 to $240.
UBS analyst Brian Meredith maintains RenaissanceRe Holdings (NYSE:RNR) with a Neutral and lowers the price target from $251 to $248.
This includes the remaining amounts under prior authorizations. RenaissanceRe 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 of record on June 14, 2024.
Evercore ISI Group analyst David Motemaden maintains RenaissanceRe Holdings (NYSE:RNR) with a Underperform and raises the price target from $216 to $218.
JP Morgan analyst Jimmy Bhullar maintains RenaissanceRe Holdings (NYSE:RNR) with a Neutral and raises the price target from $237 to $245.
RenaissanceRe Holdings (NYSE:RNR) reported quarterly earnings of $12.18 per share which beat the analyst consensus estimate of $9.41 by 29.44 percent. This is a 49.26 percent increase over earnings of $8.16 per share from the same period last year. The company reported quarterly sales of $2.60 billion which beat the analyst consensus estimate of $2.59 billion by 0.35 percent. This is a 17.87 percent increase over sales of $2.21 billion the same period last year.
RenaissanceRe Holdings Ltd. (NYSE:RNR) ("RenaissanceRe" or the "Company") today announced today that Loretta J. Mester has been appointed to serve as an independent director of the Company effective November 6, 2024 and that, at such time, Brian G. J. Gray, who served as a member of the Board since 2013, retired as a director. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106194541/en/Loretta J. Mester (Photo: Business Wire) Kevin J. O'Donnell, President and Chief Executive Officer of RenaissanceRe, said, "On behalf of RenaissanceRe and my fellow directors, we are delighted to announce Loretta's appointment to our Board. Lore
RenaissanceRe Holdings Ltd. (NYSE:RNR) (the "Company" or "RenaissanceRe") today announced the appointments of David Marra to EVP, Group Chief Underwriting Officer and Chief Executive Officer of Renaissance Reinsurance U.S. Inc. and Ross Curtis to EVP, Chief Portfolio Officer. These changes are effective January 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221109005690/en/David Marra (Photo: Business Wire) As Group Chief Underwriting Officer, Mr. Marra will be responsible for developing and executing the Company's underwriting strategy, including risk appetite, client engagement, and business and product development. Mr
RenaissanceRe Holdings Ltd. (NYSE:RNR) ("RenaissanceRe" or the "Company") announced today that Shannon Lowry Bender, Group General Counsel and Corporate Secretary, has been appointed to the Company's Governance Committee. The Governance Committee is the most senior management team at RenaissanceRe and is responsible for governance and strategy of the Company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220407005980/en/Shannon Bender (Photo: Business Wire) Kevin J. O'Donnell, President and Chief Executive Officer of RenaissanceRe, said, "Shannon has been an excellent addition to our senior leadership team. In the time she has b
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RenaissanceRe Holdings Ltd. (NYSE:RNR) ("RenaissanceRe" or the "Company") today announced today that Loretta J. Mester has been appointed to serve as an independent director of the Company effective November 6, 2024 and that, at such time, Brian G. J. Gray, who served as a member of the Board since 2013, retired as a director. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106194541/en/Loretta J. Mester (Photo: Business Wire) Kevin J. O'Donnell, President and Chief Executive Officer of RenaissanceRe, said, "On behalf of RenaissanceRe and my fellow directors, we are delighted to announce Loretta's appointment to our Board. Lore
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 December 31, 2024, to shareholders of record on December 13, 2024. In addition, the Board of Directors approved a renewal of RenaissanceRe's authorized share repurchase program, increasing the total current authorization to $750.0 million, which includes the remaining amounts under prior authorizations. This represents a 50.0% increase from RenaissanceRe's previous share repurchase authorization of $500.0 million. The program will expire when the Company has repurchased the full va
Annualized return on average common equity of 47.1% and annualized operating return on average common equity of 21.7%. Combined ratio of 84.8% and adjusted combined ratio of 82.4%. Q3 2024 Large Loss Events had a net negative impact of $243.2 million on net income available to common shareholders, and added 12.7 percentage points to the combined ratio. Fee income of $82.1 million; up 27.1% from Q3 2023. Net investment income of $423.9 million; up 28.8% from Q3 2023. Mark-to-market gains of $943.7 million, primarily driven by $612.4 million related to the fixed maturity portfolio and $134.2 million related to Company's investment in TWFG. Repurchased $106.8 million of common sha
RenaissanceRe Holdings Ltd. (NYSE:RNR) (the "Company" or "RenaissanceRe") will conduct an investment community conference call on Thursday, November 7, 2024, at 10:00 a.m. ET to discuss its financial results for the third quarter of 2024, as well as the Company's outlook. RenaissanceRe will release its results following the close of market on Wednesday, November 6, 2024. A live webcast of the conference call will be available through the Investors section of RenaissanceRe's website at www.renre.com. An archive of the call will be available from approximately 1:00 p.m. ET on November 7, 2024, through midnight ET on November 14, 2024. About RenaissanceRe RenaissanceRe is a global provider
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of Renaissance Reinsurance Ltd. (RenaissanceRe), Renaissance Reinsurance U.S. Inc. (Maryland), RenaissanceRe Specialty U.S. Ltd., Renaissance Reinsurance of Europe Unlimited Company (Dublin, Ireland) and RenaissanceRe Europe AG (Zurich, Switzerland). Additionally, AM Best has affirmed the Long-Term ICR of "a-" (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of RenaissanceRe Holdings Ltd. (RNR) (NYSE:RNR). AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of "a+" (Excellent) of DaVinci Reinsurance Ltd. (
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 September 30, 2024, to shareholders of record on September 13, 2024. In addition, the Board of Directors approved a renewal of RenaissanceRe's authorized share repurchase program, bringing the total current authorization up to $500.0 million, which includes the remaining amounts under prior authorizations. The program will expire when the Company has repurchased the full value of the shares authorized, unless terminated earlier by the Board of Directors. Pursuant to the program, R
Annualized return on average common equity of 21.4% and annualized operating return on average common equity of 28.2%. Gross premiums written grew by $773.9 million, or 29.2%, from Q2 2023. Property grew by $350.5 million, or 25.0%, and Casualty and Specialty grew by $423.4 million, or 33.9%. Combined ratio of 81.1% and adjusted combined ratio of 78.6%. Fee income of $84.1 million; up 48.3% from Q2 2023. Net investment income of $410.8 million; up 40.4% from Q2 2023. Repurchased $108.5 million of common shares in the second quarter and an additional $61.2 million of common shares from July 1, 2024 through July 22, 2024. RenaissanceRe Holdings Ltd. (NYSE:RNR) ("Renaissance
RenaissanceRe Holdings Ltd. (NYSE:RNR) (the "Company" or "RenaissanceRe") will conduct an investment community conference call on Thursday, July 25, 2024, at 10:00 a.m. ET to discuss its financial results for the second quarter of 2024, as well as the Company's outlook. RenaissanceRe will release its results following the close of market on Wednesday, July 24, 2024. A live webcast of the conference call will be available through the Investors section of RenaissanceRe's website at www.renre.com. An archive of the call will be available from approximately 1:00 p.m. ET on July 25, 2024, through midnight ET on August 1, 2024. About RenaissanceRe RenaissanceRe is a global provider of reins
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 of record on June 14, 2024. In addition, the Board of Directors approved a renewal of RenaissanceRe's authorized share repurchase program, bringing the total current authorization up to $500.0 million, which includes the remaining amounts under prior authorizations. The program will expire when the Company has repurchased the full value of the shares authorized, unless terminated earlier by the Board of Directors. Pursuant to the program, Renaissance
Annualized return on average common equity of 16.4% and annualized operating return on average common equity of 28.7%. Gross premiums written grew by $1.2 billion, or 43.0%. Property grew by $585.7 million, or 44.9%, and Casualty and Specialty grew by $614.7 million, or 41.4%. Combined ratio of 77.9% and adjusted combined ratio of 75.4%. Fee income of $83.6 million; up 86.6% from Q1 2023. Net investment income of $390.8 million; up 53.6% from Q1 2023. RenaissanceRe Holdings Ltd. (NYSE:RNR) ("RenaissanceRe" or the "Company") today announced its financial results for the first quarter of 2024. Net Income Available to Common Shareholders per Diluted Common Share: $6.94 Oper
Barclays initiated coverage of RenaissanceRe with a rating of Equal Weight and set a new price target of $287.00
TD Cowen initiated coverage of RenaissanceRe with a rating of Market Perform
JP Morgan resumed coverage of RenaissanceRe with a rating of Neutral and set a new price target of $204.00
Evercore ISI initiated coverage of RenaissanceRe with a rating of Underperform and set a new price target of $200.00
Citigroup initiated coverage of RenaissanceRe with a rating of Buy and set a new price target of $251.00
Goldman initiated coverage of RenaissanceRe with a rating of Buy and set a new price target of $242.00
BMO Capital Markets upgraded RenaissanceRe from Market Perform to Outperform and set a new price target of $216.00 from $198.00 previously
Morgan Stanley initiated coverage of RenaissanceRe with a rating of Equal-Weight and set a new price target of $222.00
Jefferies upgraded RenaissanceRe from Hold to Buy and set a new price target of $238.00 from $234.00 previously
BMO Capital Markets initiated coverage of RenaissanceRe with a rating of Market Perform and set a new price target of $187.00
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 December 31, 2024, to shareholders of record on December 13, 2024. In addition, the Board of Directors approved a renewal of RenaissanceRe's authorized share repurchase program, increasing the total current authorization to $750.0 million, which includes the remaining amounts under prior authorizations. This represents a 50.0% increase from RenaissanceRe's previous share repurchase authorization of $500.0 million. The program will expire when the Company has repurchased the full va
RenaissanceRe Holdings Ltd. (NYSE:RNR) (the "Company" or "RenaissanceRe") will conduct an investment community conference call on Thursday, November 7, 2024, at 10:00 a.m. ET to discuss its financial results for the third quarter of 2024, as well as the Company's outlook. RenaissanceRe will release its results following the close of market on Wednesday, November 6, 2024. A live webcast of the conference call will be available through the Investors section of RenaissanceRe's website at www.renre.com. An archive of the call will be available from approximately 1:00 p.m. ET on November 7, 2024, through midnight ET on November 14, 2024. About RenaissanceRe RenaissanceRe is a global provider
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 September 30, 2024, to shareholders of record on September 13, 2024. In addition, the Board of Directors approved a renewal of RenaissanceRe's authorized share repurchase program, bringing the total current authorization up to $500.0 million, which includes the remaining amounts under prior authorizations. The program will expire when the Company has repurchased the full value of the shares authorized, unless terminated earlier by the Board of Directors. Pursuant to the program, R
Annualized return on average common equity of 21.4% and annualized operating return on average common equity of 28.2%. Gross premiums written grew by $773.9 million, or 29.2%, from Q2 2023. Property grew by $350.5 million, or 25.0%, and Casualty and Specialty grew by $423.4 million, or 33.9%. Combined ratio of 81.1% and adjusted combined ratio of 78.6%. Fee income of $84.1 million; up 48.3% from Q2 2023. Net investment income of $410.8 million; up 40.4% from Q2 2023. Repurchased $108.5 million of common shares in the second quarter and an additional $61.2 million of common shares from July 1, 2024 through July 22, 2024. RenaissanceRe Holdings Ltd. (NYSE:RNR) ("Renaissance
RenaissanceRe Holdings Ltd. (NYSE:RNR) (the "Company" or "RenaissanceRe") will conduct an investment community conference call on Thursday, July 25, 2024, at 10:00 a.m. ET to discuss its financial results for the second quarter of 2024, as well as the Company's outlook. RenaissanceRe will release its results following the close of market on Wednesday, July 24, 2024. A live webcast of the conference call will be available through the Investors section of RenaissanceRe's website at www.renre.com. An archive of the call will be available from approximately 1:00 p.m. ET on July 25, 2024, through midnight ET on August 1, 2024. About RenaissanceRe RenaissanceRe is a global provider of reins
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 of record on June 14, 2024. In addition, the Board of Directors approved a renewal of RenaissanceRe's authorized share repurchase program, bringing the total current authorization up to $500.0 million, which includes the remaining amounts under prior authorizations. The program will expire when the Company has repurchased the full value of the shares authorized, unless terminated earlier by the Board of Directors. Pursuant to the program, Renaissance
Annualized return on average common equity of 16.4% and annualized operating return on average common equity of 28.7%. Gross premiums written grew by $1.2 billion, or 43.0%. Property grew by $585.7 million, or 44.9%, and Casualty and Specialty grew by $614.7 million, or 41.4%. Combined ratio of 77.9% and adjusted combined ratio of 75.4%. Fee income of $83.6 million; up 86.6% from Q1 2023. Net investment income of $390.8 million; up 53.6% from Q1 2023. RenaissanceRe Holdings Ltd. (NYSE:RNR) ("RenaissanceRe" or the "Company") today announced its financial results for the first quarter of 2024. Net Income Available to Common Shareholders per Diluted Common Share: $6.94 Oper
RenaissanceRe Holdings Ltd. (NYSE:RNR) (the "Company" or "RenaissanceRe") will conduct an investment community conference call on Wednesday, May 1, 2024, at 10:00 a.m. ET to discuss its financial results for the first quarter of 2024, as well as the Company's outlook. RenaissanceRe will release its results following the close of market on Tuesday, April 30, 2024. A live webcast of the conference call will be available through the Investors section of RenaissanceRe's website at www.renre.com. An archive of the call will be available from approximately 1:00 p.m. ET on May 1, 2024, through midnight ET on May 8, 2024. About RenaissanceRe RenaissanceRe is a global provider of reinsurance a
RenaissanceRe Reports $2.5 Billion of Annual Net Income Available to Common Shareholders and $1.8 Billion of Annual Operating Income Available to Common Shareholders in 2023. Fourth Quarter 2023 Highlights Annualized return on average common equity of 83.5% and annualized operating return on average common equity of 33.0%. Combined ratio of 76.0% and adjusted combined ratio of 73.6%. Fee income of $70.8 million; up 133.2% from Q4 2022. Net investment income of $377.0 million; up 78.5% from Q4 2022. Mark-to-market gains of $585.9 million included in net income available to common shareholders. Income tax benefit of $554.2 million primarily related to the enactment of the
RenaissanceRe Holdings Ltd. (NYSE:RNR) (the "Company" or "RenaissanceRe") will conduct an investment community conference call on Wednesday, January 31, 2024, at 11:00 a.m. ET to discuss its financial results for the fourth quarter and year-end 2023, as well as the Company's outlook. RenaissanceRe will release its results following the close of market on Tuesday, January 30, 2024. A live webcast of the conference call will be available through the Investors section of RenaissanceRe's website at www.renre.com. An archive of the call will be available from approximately 1:00 p.m. ET on January 31, 2024, through midnight ET on February 7, 2024. About RenaissanceRe RenaissanceRe is a glob