RenaissanceRe Q2 net income $191M; operating income $407M; announces Validus Re acquisition for $2.985B

RENAISSANCERE HOLDINGS LTD

2023-Q2 EPS reported $16.71 revenue$4,058,331,000

Q2 2023 net income to common shareholders $191M ($4.09 diluted EPS); operating income $407.4M ($8.79 diluted EPS).
Annualized operating ROE 28.8%; combined ratio 80.3% (property 63.0%, casualty & specialty 93.2%).
Property catastrophe net premiums written +54.9% YoY ($273.4M growth) on rate increases.
Agreed to acquire Validus Re from AIG for $2.985B; raised $2.09B via common share and senior note offerings.
Net investment income $292.7M, +173% YoY; fee income $56.7M, +65.5% YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RENAISSANCERE HOLDINGS LTD reported the second quarter of 2023 results: net income $191.0 Million, EPS $4.09.

Period: the second quarter of 2023
Net income: $191.0 Million
EPS: $4.09
Result: reported results

Exact text from the filing

RenaissanceRe Reports Q2 2023 Net Income Available to Common Shareholders of $191.0 Million; Operating Income Available to Common Shareholders of $407.4 Million.

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Source: SEC EDGAR

accession 0000913144-23-000099

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