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RNR-PF

RenaissanceRe Holdings Ltd.

RNR-PF

RenaissanceRe Holdings Ltd. • NYSE
$22.55 ▼ -0.18% (-0.04)
Market Cap $7.05 B
52w High $24.42
52w Low $20.81
Dividend Yield 1.44%
P/E -5.79
Volume 10.13K
Outstanding Shares 312.86M

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 Over the past five years, RenaissanceRe’s income statement shows a clear story of recovery and then strong improvement. Revenue has grown meaningfully, especially in the last two years, helped by a better pricing environment and added scale. After a period of losses tied to heavier catastrophe activity and market pressure, underwriting results have swung back to solid profitability. Operating income and net income are now firmly positive, although the path has been bumpy, which is typical for a catastrophe-focused reinsurer. Earnings per share have been quite volatile, reflecting the inherently uneven nature of catastrophe losses and the impact of acquisitions, but the most recent years point to a much healthier earnings profile than earlier in the period.

Balance Sheet

Balance Sheet The balance sheet has been steadily building in size and strength. Total assets have grown, supported by both organic expansion and acquisitions like Validus. Shareholders’ equity has increased, showing that the company has been able to rebuild and grow its capital base after earlier loss-heavy years. Debt remains relatively modest compared with the size of the balance sheet, suggesting a conservative use of leverage. Cash and liquid resources appear adequate for an insurer of this scale, giving the company flexibility to manage large claims, volatility in investments, and future growth opportunities.

Cash Flow

Cash Flow Cash generation has improved meaningfully. Operating cash flow has moved from only moderate levels earlier in the period to much stronger inflows more recently, indicating that the core reinsurance operations are now converting premiums into cash more effectively. Free cash flow has generally been positive and recently very strong, aided by relatively light capital spending needs for a knowledge- and data-driven business. Overall, the cash flow profile supports the view that the company is in a healthier phase of its cycle, with enough internally generated cash to absorb shocks and fund growth, though catastrophe events can still cause year‑to‑year swings.

Competitive Edge

Competitive Edge RenaissanceRe holds a strong position in global reinsurance, especially in property catastrophe and complex specialty risks. Its edge comes from deep underwriting expertise, long-standing client relationships, and sophisticated risk models that help price difficult exposures more precisely. The firm also benefits from scale, a global platform, and a strong reputation built over decades, which makes it a preferred partner for many cedants and investors. At the same time, it operates in a highly competitive market with other large reinsurers and alternative capital providers, and it remains exposed to intense price competition and cycles in reinsurance pricing. Nonetheless, its combination of analytics, brand, and capital-partner platforms gives it a differentiated and resilient competitive stance.

Innovation and R&D

Innovation and R&D Innovation is a central part of RenaissanceRe’s strategy. The company is known for its advanced catastrophe and risk models, extensive use of data analytics, and ongoing work to refine predictive tools for emerging risks such as cyber and climate-related hazards. Its Ventures and Capital Partners units are key innovation hubs, creating new structures to bring third‑party capital into reinsurance, launch joint ventures, and expand into areas like casualty and specialty risks. The firm is also active in insurance-linked securities and catastrophe bonds, often acting as a bridge between institutional investors and insurance risk. Its focus on ESG and climate resilience adds another dimension, positioning it as a thought leader in how the industry adapts to changing risk patterns.

Summary

Overall, RenaissanceRe appears to be in a stronger phase of its cycle: profitability has recovered sharply from prior loss years, capital and equity have been rebuilt, and cash generation is robust. Its competitive position is underpinned by analytical sophistication, a strong brand in catastrophe reinsurance, and a well-developed capital-partners platform that broadens its reach beyond its own balance sheet. Innovation in risk modeling, data analytics, and alternative capital structures is a clear hallmark of the company and should remain a key driver of its strategic edge. The main ongoing uncertainties center on the inherently volatile nature of catastrophe risk, the effects of climate change on loss patterns, competitive pressure from both traditional and alternative reinsurers, and the company’s ability to keep its models and pricing ahead of a rapidly evolving risk landscape.