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. (NYSE: RNR) is a global provider of reinsurance and insurance, with a focus on property, casualty and specialty reinsurance and certain insurance solutions. This news page aggregates company-specific updates so readers can review how RenaissanceRe communicates its financial performance, capital management and major events over time.
RenaissanceRe regularly issues quarterly earnings press releases detailing net income and operating income available to common shareholders, combined and adjusted combined ratios, segment results for its Property and Casualty and Specialty segments, and the contribution from underwriting, fee income and net investment income. These releases often explain the impact of large loss events, such as natural catastrophes, on its catastrophe and other property classes and on casualty and specialty lines.
The company also announces conference calls and webcasts for the investment community, where management discusses quarterly and year-end financial results and the company’s outlook. In addition, RenaissanceRe’s news includes dividend declarations on its common shares and updates on the renewal and size of its authorized share repurchase program, including commentary on capital returned to shareholders through buybacks.
Other news items may highlight developments in fee income from joint ventures and managed vehicles such as DaVinci, Vermeer, Upsilon and Medici, as well as commentary on investment results, including net realized and unrealized gains or losses on investments and investment-related derivatives. Investors who follow RNR news can use this page to track recurring themes in underwriting performance, large loss event impacts, capital management actions and investment returns.
For anyone researching RenaissanceRe, this news feed provides a centralized view of the company’s public announcements, helping readers understand how its property, casualty and specialty reinsurance and insurance activities translate into reported financial results and strategic updates.
RenaissanceRe reported a net loss of $73.4 million for 2021, with an operating income of $81.6 million. Gross premiums written surged by $2 billion (34.9%) and net premiums increased by $1.8 billion (45%). The combined ratio for the Casualty and Specialty segment was 92.5% in Q4. The company repurchased $326.9 million in shares in Q4 and $1 billion in 2021. Weather-related losses had a $962.1 million negative impact on net loss for the year. The company raised $1.1 billion in capital in 2021, including $258 million from RenaissanceRe itself.
RenaissanceRe Holdings Ltd. (NYSE: RNR) will host a conference call on January 26, 2022, at 10:00 a.m. ET to discuss its financial results for the fourth quarter and year-end 2021, releasing results on January 25, 2022. Investors can access a live webcast through the company's website. Notably, RenaissanceRe specializes in reinsurance and insurance, effectively matching structured risks with capital sources since its establishment in 1993, maintaining a global presence with offices in key regions including Bermuda, Australia, Ireland, Singapore, Switzerland, the UK, and the US.
The Board of Directors of RenaissanceRe Holdings (NYSE: RNR) has declared a quarterly dividend of
RenaissanceRe reported a net loss of $726.8 million for Q3 2021, primarily due to significant weather-related losses from Hurricane Ida and flooding in Europe. Gross premiums written surged to $1.77 billion, marking a 55.2% increase year-over-year. The company repurchased $223.8 million of common shares in Q3 and a total of $704.5 million for 2021. However, the underwriting loss reached $678.8 million, resulting in a combined ratio of 145.1%. Despite these setbacks, management emphasized their strong capital position and strategic focus on profitable growth.
RenaissanceRe Holdings Ltd. (NYSE: RNR) reported a net negative impact of approximately $725 million from 2021 catastrophe events on Q3 results. This includes $440 million from Hurricane Ida and $210 million from severe flooding in Northwestern Europe. The estimates remain uncertain due to limited claims data and other variables affecting loss estimation. CEO Kevin O'Donnell highlighted the company's commitment to promptly pay claims and its strong balance sheet, positioning it for leadership in the global reinsurance market in 2022.
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RenaissanceRe Holdings Ltd. (NYSE: RNR) will host a conference call on October 26, 2021, at 10:00 a.m. ET, to discuss its third-quarter financial results and outlook. The results will be released after market close on October 25, 2021. Investors can access a live webcast via the RenaissanceRe website, with an archived version available from 1:00 p.m. ET on October 26 through midnight ET on November 26, 2021.
The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) declared a quarterly dividend of $0.36 per common share, payable on September 30, 2021 to shareholders recorded by September 15, 2021.
Additionally, they renewed the authorized share repurchase program, raising the total authorization to $500 million, which will remain effective until the full amount is repurchased. Share repurchases will depend on market price and capital needs.
RenaissanceRe Holdings Ltd. (NYSE: RNR) reported strong financial results for Q2 2021, with a net income of $456.8 million, translating to $9.35 per diluted share. Gross premiums written increased by 23.1% year-over-year, reaching $2.09 billion. The underwriting income was $329 million, and the combined ratio improved to 72.4%. Total net investment income was $80.9 million, but total investment results decreased by $265.8 million compared to Q2 2020. The company raised over $200 million in new capital and expects to redeem its Series E Preference Shares. The tangible book value per share grew 6.7%.
RenaissanceRe Holdings Ltd. (NYSE:RNR) announced the mandatory redemption of all 11 million outstanding 5.375% Series E Preference Shares on August 11, 2021, at $25.00 per share, plus accrued dividends. This decision is financed partly by proceeds from its 4.20% Series G Preference Share offering, which closed on July 12, 2021. The outstanding Series E Preference Shares will cease to earn dividends post-redemption. A notice of redemption has been mailed to registered holders, and inquiries can be directed to Computershare Trust Company.
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