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Renaissance - RNR STOCK NEWS

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.

News

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

Rhea-AI Summary
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

Rhea-AI Summary
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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RenaissanceRe Reports Q2 2023 Net Income Available to Common Shareholders of $191.0 Million; Operating Income Available to Common Shareholders of $407.4 Million

Rhea-AI Summary
RenaissanceRe Holdings Ltd. (NYSE: RNR) reported strong financial results for Q2 2023, with a 28.8% operating return on average common equity. The company experienced strong performance across both segments, with a property combined ratio of 63.0% and a casualty and specialty combined ratio of 93.2%. Property catastrophe net premiums written grew by 54.9% driven by significant rate increases. Fee income increased by 65.5% compared to Q2 2022, and net investment income grew by 173.0%. The company also announced an agreement to acquire Validus Re from American International Group, Inc. in a $2.985 billion transaction.
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RenaissanceRe Names Robin Lang Group Chief Risk Officer

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Renaissance

NYSE:RNR

RNR Rankings

#593 Ranked by Market Cap
#1987 Ranked by Dividends

RNR Stock Data

11.79B
47.95M
2.13%
106.75%
2.82%
Insurance - Reinsurance
Fire, Marine & Casualty Insurance
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