earnings
confidence high
sentiment positive
materiality 0.85
RenaissanceRe Q3 net income $1.2B; operating income $540M; combined ratio 84.8%
RENAISSANCERE HOLDINGS LTD
2024-Q3 EPS reported
$38.84
revenue$9,401,720,000
- Net income available to common shareholders $1.2B ($22.62/diluted share); operating income $540.3M ($10.23/share).
- Combined ratio 84.8% (adj. 82.4%); underwriting income $393.8M; net investment income $423.9M (up 28.8% YoY).
- Fee income $82.1M, up 27.1% YoY; mark-to-market gains $943.7M driven by fixed maturity portfolio.
- Repurchased $106.8M of common shares in Q3; book value per share up 12.3%.
- Hurricane Milton estimated net negative impact of $275M on Q4 2024 results.