Welcome to our dedicated page for Renaissance news (Ticker: RNR), a resource for investors and traders seeking the latest updates and insights on Renaissance stock.
RenaissanceRe Holdings Ltd. (RNR) is a global leader in catastrophe, casualty, and specialty reinsurance solutions. This page provides investors and industry professionals with centralized access to the company’s official announcements, strategic developments, and financial updates.
Key Resources: Track RNR’s latest earnings reports, partnership agreements, and risk management innovations. Stay informed about leadership changes, capital allocation strategies, and responses to global insurance market trends through verified press releases and curated news analysis.
Content Coverage Includes: Quarterly financial results, mergers & acquisitions, Lloyd’s syndicate participation updates, and joint venture formations. Discover insights into RNR’s underwriting discipline and its impact on reinsurance industry dynamics.
Bookmark this page for real-time updates on RenaissanceRe’s market position and operational milestones. Combine these resources with Stock Titan’s analytical tools to monitor RNR’s performance in evolving risk landscapes.
RenaissanceRe reported strong Q3 2024 financial results with $1.2 billion net income available to common shareholders and $540.3 million operating income. The company achieved an annualized return on equity of 47.1% and a combined ratio of 84.8%. Key highlights include fee income of $82.1 million (up 27.1% YoY), net investment income of $423.9 million (up 28.8% YoY), and mark-to-market gains of $943.7 million. The company repurchased $106.8 million of common shares and noted Hurricane Milton's estimated net negative impact of $275.0 million for Q4 2024.
RenaissanceRe Holdings (NYSE: RNR) has announced its upcoming third quarter 2024 financial results conference call. The call is scheduled for Thursday, November 7, 2024, at 10:00 a.m. ET. The company will release its financial results after the market closes on Wednesday, November 6, 2024. Investors and interested parties can access the live webcast of the conference call through the Investors section of RenaissanceRe's website at www.renre.com. For those unable to attend the live call, an archive will be available from approximately 1:00 p.m. ET on November 7, 2024, until midnight ET on November 14, 2024. This event provides an opportunity for the investment community to discuss RenaissanceRe's financial performance and outlook with the company's management.
AM Best has affirmed the credit ratings of RenaissanceRe Holdings (RNR) and its main subsidiaries. The Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of 'aa-' (Superior) were affirmed for RenaissanceRe's key entities. RNR's Long-Term ICR of 'a-' (Excellent) was also affirmed. The outlook for these ratings is stable.
The ratings reflect RenaissanceRe's strongest balance sheet strength, adequate operating performance, very favorable business profile, and very strong enterprise risk management. AM Best highlighted RNR's improved operating performance in recent years, with reduced volatility due to diversification into specialty and casualty lines. The company's successful integration of Validus Reinsurance, and its subsidiaries has further strengthened its global market position.
RenaissanceRe Holdings (NYSE: RNR) has announced two significant decisions by its Board of Directors. Firstly, the company declared a quarterly dividend of $0.39 per common share, payable on September 30, 2024, to shareholders of record on September 13, 2024. Secondly, the Board approved a renewal of RenaissanceRe's share repurchase program, increasing the total current authorization to $500.0 million. This authorization includes remaining amounts from previous authorizations.
The repurchase program will continue until the full value of authorized shares is repurchased or until terminated by the Board. RenaissanceRe may repurchase shares through open market purchases and privately negotiated transactions. The decision to repurchase shares will be based on factors such as market price and the company's capital requirements.
RenaissanceRe (NYSE: RNR) reported strong Q2 2024 financial results, with $495.0 million in net income available to common shareholders and $650.8 million in operating income. Key highlights include:
- Gross premiums written grew 29.2% to $3.43 billion
- Combined ratio improved to 81.1%
- Fee income increased 48.3% to $84.1 million
- Net investment income rose 40.4% to $410.8 million
- Annualized return on average common equity of 21.4%
The company saw growth across both its Property and Casualty & Specialty segments, benefiting from the Validus acquisition. RenaissanceRe repurchased $108.5 million of common shares in Q2 and an additional $61.2 million from July 1-22, 2024.
RenaissanceRe Holdings (NYSE: RNR) has announced a conference call to discuss its Q2 2024 financial results and company outlook. The call is scheduled for July 25, 2024, at 10:00 a.m. ET, following the release of their results after market close on July 24, 2024. Investors can access the live webcast via the Investors section on RenaissanceRe's website. A replay will be available from 1:00 p.m. ET on July 25 until midnight ET on August 1, 2024.
RenaissanceRe Holdings (NYSE: RNR) has declared a quarterly dividend of $0.39 per common share, payable on June 28, 2024, to shareholders of record by June 14, 2024. The Board also renewed the company's share repurchase program, authorizing up to $500 million for repurchases. This includes remaining amounts from prior authorizations. The repurchase program will end when the full amount is repurchased, unless terminated earlier. Repurchases may occur via open market purchases or private transactions, influenced by market price and capital requirements.
RenaissanceRe Holdings (NYSE: RNR) reported $364.8 million of net income available to common shareholders and $636.4 million of operating income available to common shareholders in Q1 2024. The company achieved an annualized return on average common equity of 16.4% and an annualized operating return on average common equity of 28.7%. Gross premiums written grew by 43.0%, with significant growth in the Property and Casualty and Specialty segments. Fee income increased by 86.6% from Q1 2023, and net investment income was up 53.6%. The Company's President and CEO, Kevin J. O’Donnell, highlighted strong profitability and growth, driven by successful renewals and partnerships.
