earnings
confidence high
sentiment negative
materiality 0.70
RenaissanceRe Q2 net loss $324.9M, operating income $238.1M; combined ratio 78.3%
RENAISSANCERE HOLDINGS LTD
2022-Q2 EPS reported
-$16.64
revenue$1,743,388,000
- Net loss attributable to common shareholders $324.9M ($7.53 diluted EPS); operating income $238.1M ($5.51 operating EPS).
- Combined ratio 78.3%; Casualty & Specialty combined ratio improved 4 pts to 93.8%; underwriting income $316.4M.
- Net investment income $107.2M (+32.5% YoY); annualized ROE (25.1)% due to mark-to-market losses.
- Net premiums written grew 23.2% total; Casualty & Specialty +37.6%, Property +10.5%.
- Annualized operating ROE of 18.4% driven by strong underwriting and higher investment income.