RenaissanceRe Q3 net loss $825M; Ian impact $648M

RENAISSANCERE HOLDINGS LTD

2022-Q3 EPS reported -$35.84 revenue$3,029,892,000

Net loss $825.3M ($19.27/diluted share); operating loss $396.7M ($9.27/share).
Hurricane Ian and other catastrophes drove $648.4M net negative impact; added 57.2 pts to combined ratio.
Net investment income $157.8M (+101.6% YoY) but realized/unrealized losses of $641.5M on rising rates.
Casualty & Specialty combined ratio 95.7% (improved 3.9 pts); net premiums written +22.6% (C&S +39.7%).
Book value per share fell 16.8% in Q3; tangible book value plus dividends down 17.4%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RENAISSANCERE HOLDINGS LTD reported the three months ended September 30, 2022 results: net income Net Loss Attributable to Common Shareholders of $825.3 Million, EPS Net Loss Attributable to Common Shareholders per Diluted Common Share: $(19.27).

Period: the three months ended September 30, 2022
Net income: Net Loss Attributable to Common Shareholders of $825.3 Million
EPS: Net Loss Attributable to Common Shareholders per Diluted Common Share: $(19.27)
Result: reported results

Exact text from the filing

On November 1, 2022, RenaissanceRe Holdings Ltd. (the “Company”) issued a press release announcing its financial results for the three months ended September 30, 2022

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RENAISSANCERE HOLDINGS LTD filing history →

Source: SEC EDGAR

accession 0000913144-22-000094

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