earnings
confidence high
sentiment positive
materiality 0.80
RenaissanceRe Q1 net income $364.8M, operating income $636.4M, combined ratio 77.9%
RENAISSANCERE HOLDINGS LTD
2024-Q1 EPS reported
$6.94
revenue$2,599,425,000
- Net income available to common $364.8M ($6.94 diluted EPS); operating income $636.4M ($12.18 diluted EPS).
- Gross premiums written $1.2B, up 43%; property +44.9% ($585.7M), casualty/specialty +41.4% ($614.7M).
- Combined ratio 77.9% (adjusted 75.4%); fee income $83.6M, +86.6% from Q1 2023.
- Net investment income $390.8M, +53.6% YoY; annualized operating ROACE 28.7%; book value per share +3.5%.