RenaissanceRe Holdings Ltd. Announces Twenty-Eighth Consecutive Annual Increase in Quarterly Dividend

Rhea-AI Summary

The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) has announced an increase in its quarterly dividend to $0.38 per common share, up from $0.37. This marks the twenty-eighth consecutive year the company has raised its dividend. The new dividend is payable on March 31, 2023, to shareholders of record on March 15, 2023. RenaissanceRe specializes in reinsurance and insurance, offering property, casualty, and specialty reinsurance globally. The company operates in multiple countries including Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom, and the United States.

Positive

• Quarterly dividend increased from $0.37 to $0.38, reflecting consistent growth.
• The company has increased its dividend for 28 consecutive years, showcasing strong financial stability.

Negative

• None.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) today voted to increase the Company’s quarterly dividend to $0.38 per common share, from $0.37 per common share.

The Company has increased its dividend during each of the twenty-eight years since its initial public offering. The dividend is payable on March 31, 2023, to shareholders of record on March 15, 2023.

About RenaissanceRe

RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, the Company has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom and the United States.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230208005831/en/

Investor:

RenaissanceRe Holdings Ltd.

Keith McCue

Senior Vice President, Finance & Investor Relations

441-239-4830

Media:

RenaissanceRe Holdings Ltd.

Hayden Kenny

Vice President, Investor Relations & Communications

441-239-4946

Kekst CNC

Dawn Dover

212-521-4800

Source: RenaissanceRe Holdings Ltd.

FAQ

What is the new dividend amount for RenaissanceRe (RNR)?

The new quarterly dividend for RenaissanceRe is $0.38 per common share.

When will the dividend for RNR be paid?

The dividend will be payable on March 31, 2023.

What is the date of record for the dividend payment?

The date of record for the dividend payment is March 15, 2023.

How long has RNR been increasing its dividends?

RenaissanceRe has increased its dividend for 28 consecutive years.