earnings
confidence high
sentiment positive
materiality 0.80
RenaissanceRe Q2 net income $495M, EPS $9.41; gross premiums up 29%
RENAISSANCERE HOLDINGS LTD
2024-Q2 EPS reported
$16.35
revenue$5,427,945,000
- Operating income $650.8M ($12.41 per diluted share); annualized operating ROE 28.2%.
- Gross premiums written grew $773.9M (+29.2% YoY); Property +25%, Casualty & Specialty +34%.
- Combined ratio 81.1% (adj. 78.6%); fee income $84.1M (+48.3%), net investment income $410.8M (+40.4%).
- Repurchased $108.5M of common shares in Q2; additional $61.2M from July 1–22, 2024.
- Book value per share +5.2% in Q2; tangible book value +7.1% including dividends.