earnings
confidence high
sentiment neutral
materiality 0.75
RenaissanceRe Q4 net income $448.1M, annual net loss $1.1B on weather losses; premiums grow 21%
RENAISSANCERE HOLDINGS LTD
2022-FY EPS reported
-$25.50
revenue$5,060,412,000
- Q4 net income $448.1M ($10.27/diluted share); operating income $322.2M ($7.33/share).
- Annual net loss attributable to common shareholders $1.1B from $807.6M weather-related large losses.
- Net investment income $211.2M in Q4, up 162.5% YoY; net premiums written grew 21.2% in 2022.
- Casualty & Specialty premiums up 41.6%, combined ratio 95.3% for full year.
- Raised $1.4B third-party capital in 2022 plus $402.9M effective Jan 1, 2023.