RenaissanceRe Holdings Ltd.
- Open
- 314.22
- Day high
- 319.61
- Day low
- 313.28
- Prev close
- 316.52
- Volume
- 154K
- Mkt cap
- $13.2B
- P/E (TTM)
- 5.4
- EPS (TTM)
- $58.74
- P/B
- 1.1
- P/S
- 1.2
- Yield
- 0.51%
- Per share
- $1.62
- ▼Insiders net selling -$2.1M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
RenaissanceRe Holdings Ltd. (RNR) is a Financial Services company listed on NYSE. The stock is up 30% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
RenaissanceRe Holdings Ltd. (RNR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 12 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RNR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $11.72 | $12.92 | +10.2% | $2.3B | -11.4% |
| Apr 29, 2026 | $11.07 | $13.75 | +24.2% | $2.7B | -5.8% |
| Feb 3, 2026 | $10.59 | $13.34 | +26.0% | $2.9B | +75.4% |
| Oct 28, 2025 | $9.97 | $15.62 | +56.7% | $3.2B | +36.6% |
| Jul 23, 2025 | $10.28 | $12.29 | +19.6% | $3.2B | +55.9% |
| Apr 23, 2025 | $-1.17 | $-1.49 | -27.4% | $3.5B | +10.2% |
| Jan 28, 2025 | $6.94 | $8.06 | +16.1% | $2.3B | -15.1% |
| Jul 24, 2024 | $10.70 | $12.41 | +16.0% | $2.8B | -3.1% |
| Apr 30, 2024 | $9.48 | $12.18 | +28.5% | $2.6B | -15.2% |
| Jan 30, 2024 | $8.13 | $11.77 | +44.8% | $3.2B | +63.0% |
| Nov 1, 2023 | $6.54 | $8.33 | +27.4% | $1.8B | -4.8% |
| Jul 25, 2023 | $7.47 | $8.79 | +17.7% | $1.8B | +5.2% |
RNR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 28, 2026 | Qutub Robertofficer: EVP, Chief Financial Officer | Sell | 1,582 | $332.16 |
| Jul 28, 2026 | Qutub Robertofficer: EVP, Chief Financial Officer | Sell | 778 | $334.10 |
| Jul 28, 2026 | Qutub Robertofficer: EVP, Chief Financial Officer | Sell | 2,640 | $333.23 |
| May 19, 2026 | Sanders Carol Pdirector | Sell | 1,479 | $297.36 |
| May 12, 2026 | Hooley Stephen Cdirector | Grant | 591 | — |
| May 12, 2026 | Klehm Henry IIIdirector | Grant | 506 | — |
| Mar 12, 2026 | Bender Shannon Lowryofficer: EVP, General Counsel & Secty | Tax | 1,525 | $297.22 |
| Mar 12, 2026 | ODonnell Kevindirector, officer: Pres & Chief Executive Officer | Tax | 7,647 | $297.22 |
| Mar 12, 2026 | Marra David Eofficer: EVP,Chief Underwriting Officer | Tax | 2,630 | $297.22 |
| Mar 12, 2026 | Qutub Robertofficer: EVP, Chief Financial Officer | Tax | 3,087 | $297.22 |
| Feb 17, 2026 | Marra David Eofficer: EVP,Chief Underwriting Officer | Tax | 1,271 | $301.37 |
| Feb 6, 2026 | Curtis Rossofficer: EVP,Chief Portfolio Officer | Sell | 5,000 | $290.00 |
| Feb 6, 2026 | Qutub Robertofficer: EVP, Chief Financial Officer | Sell | 2,284 | $305.42 |
| Feb 6, 2026 | Qutub Robertofficer: EVP, Chief Financial Officer | Sell | 2,716 | $306.03 |
| Nov 4, 2025 | Marra David Eofficer: EVP,Chief Underwriting Officer | Tax | 653 | $254.09 |
Source: RNR SEC Form 4 filings, latest Jul 28, 2026. For informational purposes only — not investment advice.
See the full RNR insider & 13F page →RenaissanceRe Holdings Ltd. company profile
Overview
RenaissanceRe Holdings Ltd. (NYSE:RNR) is a Bermuda-based reinsurance company founded in 1993 and publicly traded since 1995. The company has established itself as a leading global provider of property catastrophe reinsurance and specialty insurance products. RenaissanceRe operates from its headquarters in Pembroke, Bermuda, and has grown significantly through strategic acquisitions, most notably the 2023 acquisition of Validus Re, which substantially expanded its underwriting portfolio and market presence. The company serves insurance and reinsurance companies worldwide, helping them manage risks from natural disasters and other catastrophic events.
Business
RenaissanceRe operates in the reinsurance industry, which serves as "insurance for insurance companies." When primary insurers like State Farm or Allstate sell policies to homeowners, they transfer portions of their risk to reinsurers like RenaissanceRe to protect themselves from catastrophic losses that could threaten their solvency. The company operates through two main business segments: 1. Property Segment (approximately 60% of net premiums written): This segment provides property catastrophe reinsurance, which protects primary insurers against losses from natural disasters like hurricanes, earthquakes, wildfires, and floods. For example, when Hurricane Ian caused billions in damages, RenaissanceRe would pay predetermined amounts to its clients based on their reinsurance contracts. The segment also includes retrocessional reinsurance (reinsurance for other reinsurers), proportional reinsurance, and regional multi-line coverage. Property catastrophe reinsurance typically involves "excess of loss" contracts where RenaissanceRe pays claims above a certain threshold. 2. Casualty and Specialty Segment (approximately 40% of net premiums written): This segment covers longer-tail risks including directors and officers liability, medical malpractice, professional indemnity, workers' compensation, cyber insurance, aviation, marine, and terrorism coverage. Unlike property catastrophe insurance where claims are typically settled quickly after an event, casualty insurance involves claims that may take years to fully develop and settle. The company also operates Capital Partners, which manages third-party capital through joint venture vehicles, allowing institutional investors to participate in reinsurance risks while generating management fees for RenaissanceRe.
Revenue model
RenaissanceRe generates revenue through multiple complementary streams within the reinsurance business model: Premium Income: The primary revenue source comes from insurance premiums paid by clients (primary insurers and other reinsurers) for risk transfer. Clients pay these premiums upfront for coverage periods, typically one year. The company earned over $11.6 billion in gross premiums written in 2024. Profitability depends on the "combined ratio" - the percentage of premiums paid out in claims plus expenses. A combined ratio below 100% indicates underwriting profit. Investment Income: RenaissanceRe invests the premiums it collects (called "float") until claims need to be paid. This creates substantial investment income from high-quality fixed-income securities. The company generated $279 million in retained net investment income in Q1 2025. The investment portfolio benefits from rising interest rates, as new investments can be made at higher yields. Management Fees: Through its Capital Partners segment, RenaissanceRe manages third-party capital in joint venture vehicles, earning management fees of approximately $35 million per quarter. This provides fee income without requiring the company's own capital at risk. Several factors influence RenaissanceRe's profitability margins. Favorable factors include: hardening reinsurance markets following major catastrophes (which drive rate increases), rising interest rates (boosting investment income), and increased demand for reinsurance coverage due to climate change and inflation. Adverse factors include: major catastrophic events that trigger large claims, soft market cycles with declining rates, economic downturns affecting investment returns, and increased competition from new capital entering the market. The company's margins are also affected by reserve adequacy - if prior year claims develop worse than expected, it reduces current profitability.
Risks & safety
RenaissanceRe demonstrates a strong margin of safety with solid financial fundamentals, though recent catastrophic losses have impacted near-term profitability. Liquidity and Solvency: • Cash and short-term investments of $1.63 billion as of Q1 2025 • Debt-to-equity ratio of 0.18, indicating conservative leverage • Strong operating cash flow generation of $4.16 billion in 2024 • No immediate solvency concerns despite recent catastrophic losses Valuation Metrics: • Price-to-book ratio of 1.18, reasonable for a financial services company • Trading at 18x P/E ratio based on recent earnings (distorted by catastrophic losses) • Tangible book value growth of 26% in 2024 demonstrates underlying value creation • EV/EBITDA metrics are distorted by catastrophic losses but normalize in profitable years Other Considerations: • Recent California wildfire losses of $633 million post-tax in Q1 2025 demonstrate exposure to catastrophic events • Strong reserve adequacy with conservative reserving practices • Diversified revenue streams across property and casualty segments reduce concentration risk • Regulatory capital requirements are well-exceeded, providing buffer for unexpected losses
Recent development
RenaissanceRe has undergone significant strategic transformation over the past few years, centered around the 2023 Validus Re acquisition which represented the company's largest strategic move. This $3 billion acquisition substantially expanded RenaissanceRe's underwriting portfolio, adding approximately $3 billion in annual premiums and strengthening its position across property and casualty segments. The integration has been highly successful, with the company retaining substantially all of the Validus underwriting portfolio and achieving significant capital synergies. The company has strategically expanded its third-party capital management business, raising $1.4 billion in additional capital through joint venture vehicles. This Capital Partners segment now generates approximately $35 million in quarterly management fees, providing stable fee income without putting the company's own capital at risk. The launch of Fontana Re, a new casualty and specialty joint venture, exemplifies this strategy. Market positioning and underwriting discipline have been key strategic focuses. RenaissanceRe has maintained strict underwriting standards while capitalizing on favorable market conditions, particularly in property catastrophe reinsurance where the company achieved significant rate increases following major catastrophic events. The company has also been proactively managing its casualty portfolio, reducing exposure in challenging areas like commercial auto and directors & officers liability while focusing on specialty lines and credit-related coverages. Capital allocation strategy has emphasized both growth and shareholder returns. The company has aggressively repurchased shares, buying back over $800 million since Q2 2024 at an average price of $250 per share. This demonstrates management's confidence in the company's intrinsic value while returning excess capital to shareholders during periods of attractive market opportunities.
RNR company profile · for informational purposes only — not investment advice.
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