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Renaissancere (RNR)
:RNR
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
7.05Last Year’s EPS
11.77Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -7.22%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
RenaissanceRe delivered strong financial performance and demonstrated successful integration of Validus, which significantly contributed to growth. The company is well-positioned for future opportunities with increased capital flexibility. However, the impact of various hurricanes and the challenges posed by social inflation in casualty lines present notable risks.Company Guidance
In the recent earnings call for RenaissanceRe (RNR) covering the third quarter of 2024, the company reported significant financial accomplishments and provided forward-looking guidance. The company achieved over $540 million in operating income, translating to a 22% operating return on average common equity. Year-to-date, operating income reached $1.8 billion, with a 26% operating return on equity. Gross premiums written in the Property segment surged by 48%, and net premiums written increased by 52%. The adjusted combined ratio for the quarter was 82%, with underwriting income totaling $394 million. Investment income remained robust, with retained net investment income rising by 35% to $292 million. The acquisition of Validus was highlighted as a major growth driver, contributing to the company's increased scale and financial flexibility. Looking forward, RenaissanceRe announced an increase in its share repurchase authorization from $500 million to $750 million, reflecting its enhanced scale and capital position. The company is optimistic about maintaining strong performance into 2025, with expectations of favorable market opportunities, particularly amid increasing U.S. catastrophe limit purchases and stable reinsurance demand.Strong Operating and Net Income
RenaissanceRe reported $540 million in operating income and $1.2 billion in net income for Q3 2024, reflecting an annualized return on average common equity of 47%.
Robust Performance Across Segments
Underwriting income was $394 million with an adjusted combined ratio of 82%. Gross premiums written were up 48%, and net premiums written were up 52%.
Successful Integration of Validus
The acquisition of Validus enhanced growth across three core drivers of profit and increased common equity to $10.5 billion.
Share Repurchase Authorization Increased
RenaissanceRe increased its share repurchase authorization from $500 million to $750 million, reflecting its larger scale and strong capital position.
Fee and Investment Income Growth
Fee income increased by 27% to $82 million, and retained net investment income rose 35% to $292 million.
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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
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RNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $277.50 | $265.42 | -4.35% |
| Jul 24, 2024 | $224.03 | $218.93 | -2.28% |
| Apr 30, 2024 | $218.21 | $217.28 | -0.43% |
| Jan 30, 2024 | $213.69 | $227.37 | +6.40% |
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.
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FAQ
When does Renaissancere (RNR) report earnings?
Renaissancere (RNR) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Renaissancere (RNR) earnings time?
Renaissancere (RNR) earnings time is at Jan 28, 2025, TBA Not 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 2024 (Q4) is 7.05.
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