earnings
confidence high
sentiment positive
materiality 0.80
RenaissanceRe Q1 2023 net income $564.1M, operating income $360.0M, ROE 46.6%
RENAISSANCERE HOLDINGS LTD
2023-Q1 EPS reported
$12.91
revenue$2,205,100,000
- Net income $564.1M ($12.91 EPS); operating income $360.0M ($8.16 operating EPS).
- Annualized ROE 46.6% and operating ROE 29.7%; shareholders' equity up $540.3M since Dec 31.
- Property combined ratio 56.6%; Casualty & Specialty combined ratio 92.9%.
- Property catastrophe net premiums written +35.7% ($214.7M); raised $621.2M third-party capital.
- Net investment income $254.4M, up 203.9% YoY; fee income $44.8M.