Logo

RNR

RenaissanceRe Holdings Ltd.

RNR

RenaissanceRe Holdings Ltd. • NYSE
$261.17 ▲ 0.09% (+0.24)
Market Cap $12.04 B
52w High $290.78
52w Low $219.00
Dividend Yield 1.59%
P/E 7.29
Volume 199.37K
Outstanding Shares 46.11M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.186B ▼ $166.518M ▲ $916.51M ▲ 28.77% ▲ $19.47 ▲ $1.504B ▲
Q2-2025 $3.186B ▼ $160.979M ▲ $835.351M ▲ 26.217% ▲ $17.25 ▲ $1.378B ▲
Q1-2025 $3.453B ▲ $132.253M ▼ $169.991M ▲ 4.923% ▲ $3.29 ▲ $-39.965M ▲
Q4-2024 $2.279B ▼ $199.993M ▲ $-189.659M ▼ -8.323% ▼ $-3.89 ▼ $-53.035M ▼
Q3-2024 $3.968B $169.43M $1.182B 29.8% $22.68 $1.984B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.72B ▲ $54.498B ▼ $35.527B ▼ $11.502B ▲
Q2-2025 $7.092B ▲ $54.728B ▲ $36.885B ▲ $10.8B ▲
Q1-2025 $6.687B ▲ $53.633B ▲ $36.595B ▲ $10.349B ▼
Q4-2024 $6.208B ▲ $50.708B ▼ $33.156B ▼ $10.574B ▼
Q3-2024 $5.876B $52.756B $34.653B $11.243B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.332B ▲ $1.583B ▲ $-1.05B ▼ $-261.039M ▲ $272.887M ▲ $1.583B ▲
Q2-2025 $1.164B ▲ $1.47B ▲ $-751.125M ▼ $-917.483M ▼ $-204.118M ▼ $1.47B ▲
Q1-2025 $-25.261M ▼ $157.773M ▼ $-499.429M ▼ $290.356M ▲ $-43.805M ▼ $157.773M ▼
Q4-2024 $-19.221M ▼ $778.916M ▼ $-280.314M ▲ $-376.02M ▼ $103.693M ▲ $778.916M ▼
Q3-2024 $1.633B $1.49B $-1.497B $-57.755M $-54.236M $1.49B

Revenue by Products

Product Q1-2012Q2-2012Q3-2012Q4-2012
Intersegment Elimination Reinsurance Segment To Lloyds Segment Member
Intersegment Elimination Reinsurance Segment To Lloyds Segment Member
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement RenaissanceRe’s results over the last five years show a company that went through a rough patch and then came out very strong. Revenue was fairly flat for a while and then jumped sharply in the last two years, reflecting a much better pricing environment and likely growth in catastrophe and specialty reinsurance. Profitability swung from losses in 2021–2022 to solid profits in 2023 and 2024, showing that underwriting discipline and better market conditions have paid off. The most recent year stayed profitable but did not quite match the prior year’s peak, which hints at normal volatility in a catastrophe‑exposed business and perhaps some margin pressure. Overall, the income statement tells a story of cyclicality but also of strong earnings power when conditions are favorable and risks are well managed.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and better than a few years ago. Total assets have steadily expanded, especially in the last two years, suggesting growth in the portfolio and scale of the franchise. Shareholders’ equity has recovered from earlier dips and now stands well above prior lows, which points to rebuilt capital after earlier loss years. Debt has grown only modestly and remains small relative to the overall asset base, indicating conservative use of leverage. Cash levels are steady rather than huge, but in the context of a highly liquid investment portfolio, that is typical for a reinsurer. In short, the capital position appears stronger than it was mid‑period, giving the company more cushion to absorb future shocks, though the nature of catastrophe risk means that capital can still be tested in severe event years.

Cash Flow

Cash Flow Cash generation has been a clear bright spot. Operating cash flow has been positive every year and has strengthened notably in the last two, lining up with the rebound in profitability. Free cash flow has also been consistently positive and particularly strong in some recent years, helped by the business’s relatively light need for physical capital spending. This pattern suggests that when underwriting is going well, the company converts its business into cash efficiently. Steady, positive cash flow gives management flexibility for claims payments, balance sheet reinforcement, and capital deployment, which is important in a sector where loss events can be large and sudden.

Competitive Edge

Competitive Edge RenaissanceRe holds a strong, specialist position in the reinsurance market, especially in property catastrophe coverage. Its edge rests on deep underwriting expertise, long experience managing complex catastrophe risks, and a reputation for disciplined risk selection. A major advantage is its ability to blend its own capital with large pools of third‑party capital through its various joint ventures and insurance‑linked securities structures. This lets the company scale up or down with market conditions and serve clients with sizeable, tailored solutions. Long‑standing relationships with brokers and insurers, combined with a track record of paying claims and offering innovative structures, reinforce its standing as a go‑to reinsurer in its niches. The flip side is that the focus on catastrophe risk brings inherent earnings volatility and heavy exposure to climate and event risk, even if priced carefully.

Innovation and R&D

Innovation and R&D Innovation at RenaissanceRe is less about traditional R&D spending and more about advanced analytics, modeling, and capital structuring. The firm’s proprietary risk modeling platform and dedicated scientific teams give it a highly technical view of natural catastrophe and other complex risks, which can translate into better pricing and portfolio construction. It is also an innovator in using third‑party capital, designing specialized vehicles and funds that connect institutional investors to reinsurance risk; this is both a product innovation and a capital advantage. The company is pushing further into data analytics, artificial intelligence, and climate‑related modeling, as well as expanding its specialty and casualty offerings. Its focus on climate resilience and ESG‑linked insights may open new product avenues but also demands constant updating as climate patterns and regulatory expectations evolve. Overall, there is a clear culture of innovation aimed at staying ahead in risk science and capital markets rather than in traditional lab‑style R&D.

Summary

RenaissanceRe today looks like a technically sophisticated, strongly capitalized reinsurer that has navigated a difficult part of the cycle and emerged in a stronger position. Revenues and profits have rebounded meaningfully after earlier loss years, the balance sheet and equity base have been rebuilt, and cash flows are robust. Its competitive edge is built on advanced risk modeling, scientific expertise, and creative use of third‑party capital, which together support its leadership in catastrophe reinsurance and growing presence in specialty lines. At the same time, the business remains exposed to large, unpredictable loss events and climate‑driven uncertainty, so earnings can be lumpy. The overall picture is of a specialist franchise with strong capabilities and improved financial footing, operating in a structurally risky but currently favorable market environment.

NEWS

November 5, 2025 · 4:15 PM UTC

RenaissanceRe Holdings Ltd. Announces Quarterly Dividend and Renewal of Share Repurchase Program

Read more

October 28, 2025 · 4:15 PM UTC

RenaissanceRe Reports $907.7 Million of Net Income Available to Common Shareholders and $733.7 million of Operating Income Available to Common Shareholders in Q3 2025.

Read more

October 6, 2025 · 4:15 PM UTC

RenaissanceRe Schedules Third Quarter 2025 Financial Results Conference Call

Read more

October 2, 2025 · 5:44 PM UTC

AM Best Revises Issuer Credit Rating Outlook to Positive for Renaissance Reinsurance Ltd., Its Members and RenaissanceRe Holdings Ltd.

Read more