earnings
confidence high
sentiment negative
materiality 0.85
RenaissanceRe Q4 net loss $198.5M on $630M mark-to-market losses; full-year net income $1.8B
RENAISSANCERE HOLDINGS LTD
2024-FY EPS reported
$35.21
revenue$11,695,148,000
- Q4 net loss attributable to common $198.5M ($3.95 diluted EPS); operating income $406.9M ($8.06 diluted EPS).
- Q4 combined ratio 91.7% (adjusted 89.4%); Hurricane Milton net negative impact $270.5M, added 13.9 pts to combined ratio.
- Full year net income $1.8B, operating income $2.2B; ROACE 19.3%, operating ROACE 23.5%.
- Book value per share +18.5%; tangible book value per share plus accumulated dividends +26.0%.
- Repurchased $677.6M of common shares in 2024, including $462.3M in Q4; raised $857.4M third-party capital.