Renaissancere Holdings Ltd (RNR)
NYSE:RNR
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
10.96Last Year’s EPS
12.29Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a largely constructive and confident view of the business: strong underwriting income, diversified and resilient profit streams (underwriting, fees, and investment income), disciplined capital returns, and proactive portfolio management drove solid quarterly operating results. Headwinds include significant retained mark‑to‑market investment losses that reduced reported book value, year-over-year declines in gross written premiums (partly due to prior-year reinstatement activity), tight Casualty & Specialty margins, and an expected rise in operating expense ratio as management invests in the platform. Management framed the MTM losses as largely unrealized and offset by improved reinvestment yields and longer‑term earnings power, and emphasized disciplined capital allocation and continued access to attractive underwriting opportunities.Company Guidance
Strong Operating Results
Reported operating income of $591 million, annualized operating return on equity of 22%, operating earnings per share of $13.75, and tangible book value per share up 1.5% to $233.49.
Robust Underwriting Performance
Underwriting income of $589 million with an overall adjusted combined ratio of 72%; Property Cat current accident year loss ratio 10.2% (adjusted combined ratio 19.2%) and Other Property current accident year loss ratio 55.5% (adjusted combined ratio 56.1%) with ~11 and ~29 percentage points of favorable development, respectively.
Diversified Drivers of Profit
Balanced contributions from underwriting, fee income (~$94 million), and retained net investment income; fee income included $48 million management fees and $46 million performance fees, supporting 15 percentage points of contribution to return on average common equity in the quarter.
Capital Deployment and Share Repurchases
Repurchased $353 million of shares during the quarter (1.2 million shares at an average price of $289) and $458 million year-to-date through April 24; since 2024 repurchased ~11 million shares (~$2.7 billion), enhancing shareholder returns.
Portfolio Positioning and Growth
Deployed $1 billion of new limit into Property Cat (higher‑margin business) and kept Property Cat gross written premiums roughly flat (down ~3% ex-reinstatements), demonstrating ability to grow selectively despite mid‑teen rate declines.
Improved Investment Economics
Extended retained portfolio duration to 3.4 years (from 3.0) and increased new money yield from ~4.8% to ~5.1% by reallocating from short-term Treasuries into high-quality investment-grade corporate credit; reduced gold position to lock in gains.
Prudent Risk Management in Casualty and Specialty
Casualty and Specialty underwriting disciplined with adjusted combined ratio of 99.4%; reduced exposure to social-inflation‑sensitive general liability by ~40% over two years and increased ceded reinsurance to 20% of Casualty and Specialty premiums (from 13% a year ago).
Resilient Capital & Liquidity
Maintains strong capital and liquidity position while continuing disciplined capital returns and selective deployment into underwriting and private capital solutions (private credit ~5% of investment portfolio).
RNR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $310.61 | $303.75 | -2.21% |
Feb 03, 2026 | $285.55 | $299.95 | +5.04% |
Oct 28, 2025 | $230.92 | $246.85 | +6.90% |
Jul 23, 2025 | $236.19 | $237.93 | +0.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Renaissancere Holdings Ltd (RNR) report earnings?
Renaissancere Holdings Ltd (RNR) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Renaissancere Holdings Ltd (RNR) earnings time?
Renaissancere Holdings Ltd (RNR) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RNR EPS forecast?
RNR EPS forecast for the fiscal quarter 2026 (Q2) is 10.96.