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RenaissanceRe Holdings Ltd. - RNR STOCK NEWS

Welcome to our dedicated page for RenaissanceRe Holdings Ltd. news (Ticker: RNR), a resource for investors and traders seeking the latest updates and insights on RenaissanceRe Holdings Ltd. stock.

RenaissanceRe Holdings Ltd. (symbol: RNR) is a premier global provider of reinsurance and insurance solutions, founded in Bermuda in 1993. As one of the world’s largest and most successful catastrophe reinsurers, the company also excels in offering casualty and specialty reinsurance across a broad spectrum of products. RenaissanceRe selectively participates in the insurance market through RenaissanceRe Syndicate 1458 at Lloyd’s and manages significant joint ventures, such as DaVinci Reinsurance Ltd. and Top Layer Reinsurance Ltd., allowing partners to invest alongside them.

The company’s strengths lie in its disciplined underwriting approach, sophisticated risk models, and a proven track record of exceptional financial performance. RenaissanceRe’s main business segments include the Property Segment which covers catastrophe and other property reinsurance, and the Casualty and Specialty Segment that encompasses casualty and specialty reinsurance. The latter contributes to the majority of the company’s revenue.

Revenue streams for RenaissanceRe include net premiums earned from insurance and reinsurance products, net investment income from capital funds and cash, and other income derived from joint ventures, advisory services, and other related activities.

Recent achievements and current projects have solidified RenaissanceRe’s standing in the industry, showcasing their ability to respond to market needs with agility and precision. Their deep client relationships and commitment to excellent service continue to drive their success, further enhancing their reputation for reliability and expertise.

News

RenaissanceRe Schedules First Quarter 2024 Financial Results Conference Call

Rhea-AI Summary
RenaissanceRe Holdings (RNR) will host a conference call on May 1, 2024, to discuss its first-quarter financial results and outlook. The call will be webcast live and archived for later viewing.
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RenaissanceRe Holdings Ltd. Announces Twenty-Ninth Consecutive Annual Increase in Quarterly Dividend

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RenaissanceRe Holdings Ltd. (RNR) has announced a 2.6% increase in its quarterly dividend to $0.39 per common share, marking the twenty-ninth consecutive year of dividend increases since its initial public offering. The dividend is payable on March 29, 2024, to shareholders of record on March 15, 2024.
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RenaissanceRe Reports $1.6 Billion of Quarterly Net Income Available to Common Shareholders and $623.1 Million of Quarterly Operating Income Available to Common Shareholders in Q4 2023.

Rhea-AI Summary
RenaissanceRe Holdings Ltd. (NYSE: RNR) reported $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. The company achieved an annualized return on average common equity of 83.5% and an annualized operating return on average common equity of 33.0%. The combined ratio was 76.0% and the adjusted combined ratio was 73.6%. Fee income increased by 133.2% from Q4 2022, reaching $70.8 million. Net investment income also saw a significant increase of 78.5% from Q4 2022, reaching $377.0 million. The company raised $1.2 billion of third-party capital in the Capital Partners unit, with a further $494.8 million raised from third-party investors effective January 1, 2024. The acquisition of Validus Holdings, Ltd. has exceeded expectations and positioned the company for continued exceptional shareholder value.
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RenaissanceRe Schedules Fourth Quarter and Year-End 2023 Financial Results Conference Call

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RenaissanceRe Holdings Ltd. (NYSE: RNR) will hold an investment community conference call on January 31, 2024, to discuss its financial results for Q4 and year-end 2023, as well as the company’s outlook. The live webcast will be available on the company's website, with an archive available until February 7, 2024.
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RenaissanceRe Holdings Ltd. Announces Quarterly Dividend

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RenaissanceRe Holdings Ltd. (NYSE: RNR) announces quarterly dividend of $0.38 per common share, payable on December 29, 2023, to shareholders of record on December 15, 2023
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RenaissanceRe Reports Q3 2023 Net Income Available to Common Shareholders of $194.0 Million; Operating Income Available to Common Shareholders of $422.3 Million

Rhea-AI Summary
RenaissanceRe Holdings Ltd. has completed the acquisition of Validus Re from American International Group, Inc. The company reported an annualized return on average common equity of 11.5% and an annualized operating return on average common equity of 25.0%. The overall combined ratio was 78.0%. Fee income increased by 150.9% from Q3 2022 to $64.6 million, and net investment income increased by 108.6% to $329.1 million.
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RenaissanceRe Completes Acquisition of Validus Re

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RenaissanceRe Holdings Ltd. has completed its acquisition of Validus Re, the treaty reinsurance business of AIG. The acquisition includes Validus Reinsurance Ltd., AlphaCat Managers Ltd., and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot. The transaction accelerates RenaissanceRe's strategy, expands its ability to match efficient capital to desirable risk, and positively impacts its three drivers of profit. Sidley Austin LLP and Oxbow Partners acted as legal counsel and integration consultant, respectively.
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RenaissanceRe Schedules Third Quarter 2023 Financial Results Conference Call

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RenaissanceRe Holdings Ltd. will release its financial results for Q3 2023 on November 1, 2023, and conduct a conference call on November 2, 2023, to discuss the results and outlook.
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AM Best Affirms Credit Ratings of RenaissanceRe Holdings Ltd. and Its Main Subsidiaries

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AM Best affirms RenaissanceRe's Financial Strength Rating of A+ and Long-Term Issuer Credit Ratings of aa-. DaVinci and Vermeer also affirmed. RenaissanceRe's exposure to catastrophe losses is a concern, but it benefits from broad-based pricing improvement. DaVinci and Vermeer have strong balance sheet strength and very strong ERM. RenaissanceRe's Long-Term IRs affirmed with stable outlooks.
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RenaissanceRe Holdings Ltd. Announces Quarterly Dividend

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FAQ

What is the current stock price of RenaissanceRe Holdings Ltd. (RNR)?

The current stock price of RenaissanceRe Holdings Ltd. (RNR) is $271.9 as of November 22, 2024.

What is the market cap of RenaissanceRe Holdings Ltd. (RNR)?

The market cap of RenaissanceRe Holdings Ltd. (RNR) is approximately 13.9B.

What does RenaissanceRe Holdings Ltd. specialize in?

RenaissanceRe specializes in providing reinsurance and insurance solutions, specifically in catastrophe reinsurance, casualty, and specialty reinsurance.

Where is RenaissanceRe Holdings Ltd. headquartered?

RenaissanceRe Holdings Ltd. is headquartered in Bermuda.

What are the main business segments of RenaissanceRe?

The main business segments are the Property Segment, covering catastrophe and other property reinsurance, and the Casualty and Specialty Segment, which includes casualty and specialty reinsurance.

What is RenaissanceRe Syndicate 1458 at Lloyd’s?

RenaissanceRe Syndicate 1458 at Lloyd’s is a platform through which the company selectively participates in the insurance market.

Can investors partner with RenaissanceRe?

Yes, through joint ventures like DaVinci Reinsurance Ltd. and Top Layer Reinsurance Ltd., investors can partner with and invest alongside RenaissanceRe.

How does RenaissanceRe generate its revenue?

RenaissanceRe generates revenue through net premiums earned from insurance products, net investment income, and other income from joint ventures and advisory services.

What recent achievements has RenaissanceRe made?

RenaissanceRe has reinforced its industry position by focusing on client service, disciplined underwriting, and sophisticated risk models, resulting in continued financial performance and industry recognition.

Who are some of RenaissanceRe's key partners?

Key partners include DaVinci Reinsurance Ltd. and Top Layer Reinsurance Ltd., which are joint ventures managed by RenaissanceRe.

When was RenaissanceRe founded?

RenaissanceRe was founded in 1993.

What is the significance of RenaissanceRe's disciplined underwriting approach?

The disciplined underwriting approach allows RenaissanceRe to assess and manage risks effectively, contributing to their strong financial performance and industry reputation.

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RenaissanceRe Holdings Ltd.

NYSE:RNR

RNR Rankings

#705 Ranked by Market Cap
#1973 Ranked by Dividends

RNR Stock Data

13.94B
50.93M
1.9%
101.42%
3.19%
Insurance - Reinsurance
Fire, Marine & Casualty Insurance
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United States of America
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