M&A
confidence high
sentiment negative
materiality 0.60
RenaissanceRe provides Validus Holdings financials; Validus 2022 net loss $160.5M
RENAISSANCERE HOLDINGS LTD
- Validus Holdings 2022 net loss $160.5M, revenue $2.03B; 2021 net income $49.5M, revenue $2.27B.
- Total assets $9.96B, shareholder equity $3.12B, reserves for losses $4.97B at Dec 31, 2022.
- Net premiums earned $2.23B in 2022 vs $2.11B in 2021; net investment income $128.2M.
- Net realized/unrealized losses on investments $376.6M in 2022, vs $8.1M in 2021, driving the net loss.
- RenaissanceRe acquired Validus (including Validus Re and Talbot renewal rights) from AIG effective Nov 1, 2023.