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Renaissancere Holdings Ltd (RNR)
NYSE:RNR
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Renaissancere Holdings
(NYSE:RNR)
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Rating:78Outperform
Price Target:
$300.00
▲(13.08% Upside)
Renaissancere Holdings' strong financial performance and strategic growth initiatives are the most significant factors driving its high score. The company's robust earnings and effective capital management, coupled with a solid valuation, underscore its potential for continued success. Technical indicators support a positive outlook, although caution is advised due to potential overbought conditions. The earnings call further reinforces confidence in the company's strategic direction and financial health.
Positive Factors
Strong Cash Flow Generation
RenaissanceRe's ability to generate healthy cash flow supports its operations and growth, ensuring financial flexibility and stability.
Capital Management
Strong capital management through share repurchases and dividends enhances shareholder value and reflects confidence in financial health.
Growth in Tangible Book Value
Growth in tangible book value indicates effective capital utilization and strengthens the company's financial foundation.
Negative Factors
Decreasing Property CAT Rates
Declining property CAT rates could pressure margins, affecting profitability and challenging the company's revenue growth strategy.
Increased Competition
Rising competition in key segments may impact market share and profitability, necessitating strategic adjustments to maintain growth.
Revenue Contraction
A decline in revenue growth suggests challenges in market expansion and could hinder long-term financial performance if not addressed.
Renaissancere Holdings (RNR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.15B
Dividend Yield0.6%
Average Volume (3M)433.24K
Price to Earnings (P/E)7.3
Beta (1Y)0.16
Revenue Growth-3.96%
EPS Growth-48.08%
CountryUS
Employees945
SectorFinancial
Sector Strength70
IndustryInsurance - Reinsurance
Share Statistics
EPS (TTM)15.62
Shares Outstanding46,109,516
10 Day Avg. Volume322,028
30 Day Avg. Volume433,237
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)1.20
Price to Sales (P/S)1.09
P/FCF Ratio3.06
Enterprise Value/Market Cap1.82
Enterprise Value/Revenue1.83
Enterprise Value/Gross Profit6.65
Enterprise Value/Ebitda7.93
Forecast
1Y Price Target
$287.83Price Target Upside8.50% Upside
Rating ConsensusHold
Number of Analyst Covering12
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Renaissancere Holdings Business Overview & Revenue Model
Company DescriptionRenaissanceRe Holdings Ltd. (RNR) is a global provider of reinsurance and insurance products, specializing in property, casualty, and specialty lines. The company operates primarily through two segments: Reinsurance and Insurance. RenaissanceRe focuses on providing innovative risk management solutions to clients, leveraging its expertise in underwriting and risk assessment to deliver a diverse range of products and services tailored to meet the unique needs of its customers.
How the Company Makes MoneyRenaissanceRe generates revenue primarily through its reinsurance and insurance operations. In the Reinsurance segment, the company earns income by underwriting various types of insurance risks, with premiums collected from insurers and other entities seeking to transfer risk. The Insurance segment contributes to revenue through the sale of direct insurance policies to clients. Key revenue streams include premiums from both segments, investment income from managing its portfolio of investments, and capital gains from the sale of securities. Additionally, RenaissanceRe benefits from strategic partnerships with other insurance and reinsurance firms, allowing it to expand its market reach and diversify its risk portfolio, further contributing to its overall earnings.
Renaissancere Holdings Earnings Call Summary
Earnings Call Date:Oct 28, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 03, 2026
Earnings Call Sentiment Positive
RenaissanceRe delivered strong financial performance in the third quarter, with substantial operating income and growth in tangible book value. While the company faces potential challenges with decreasing property CAT rates and increased competition, its strategic focus on margin preservation and capital management has positioned it well for continued success.Q3-2025 Updates
Positive Updates
Strong Third Quarter Performance
RenaissanceRe reported operating income of $734 million with an operating return on average common equity of 28% for the third quarter. Year-to-date, the company earned almost $1.3 billion in operating income and delivered a 17% operating return on average equity.
Growth in Tangible Book Value
The company grew its primary metric, tangible book value per share plus change in accumulated dividends, by 10% in the quarter and almost 22% year-to-date.
Successful Property CAT Market Expansion
RenaissanceRe increased its property CAT portfolio from $2 billion of gross written premium in 2022 to around $3.3 billion, creating a strong base of profit going forward.
Capital Return to Shareholders
Over $1 billion in capital was returned to shareholders so far this year, with significant share repurchases continuing post-quarter end.
Investment Income Growth
Retained net investment income grew from $392 million in 2022 to almost $1.2 billion over the trailing 4 quarters.
Negative Updates
Decreasing Property CAT Rates
Facing decreasing property CAT rates and falling short-term interest rates, which could present challenges in maintaining current profitability levels.
Increased Competition in Casualty and Specialty Segments
Increased competition in some lines of the Casualty and Specialty segment is expected, potentially impacting future profitability.
Company Guidance
In the third quarter of 2025, RenaissanceRe reported a strong performance with an operating income of $734 million and an operating return on average common equity of 28%. Year-to-date figures showed nearly $1.3 billion in operating income and a 17% operating return on average equity. The company also achieved a 10% growth in tangible book value per share plus accumulated dividends for the quarter, contributing to an almost 22% growth year-to-date. Over the past three years, RenaissanceRe has maintained robust returns, with operating return on equity exceeding 20% in 10 of the last 12 quarters, averaging a return of 24%. The company has more than doubled its tangible book value per share during this period, driven by strategic growth in the property CAT market, an increase in capital partner fees to over $300 million, and a rise in retained net investment income to almost $1.2 billion over the trailing four quarters. Additionally, RenaissanceRe returned over $1 billion in capital to shareholders, demonstrating strong capital management and ongoing share repurchases. Looking ahead to 2026, the company anticipates continued profitability despite expected decreases in property CAT rates and short-term interest rates, by focusing on preserving underwriting margins and leveraging strong customer relationships.Renaissancere Holdings Financial Statement Overview
Summary
Renaissancere Holdings presents a solid financial profile with strong profitability and cash flow generation, despite recent revenue contraction. The company maintains a conservative balance sheet with low leverage, enhancing its financial stability. While the income statement shows some challenges in revenue growth, the overall financial health remains strong, supported by efficient operations and prudent financial management.Income Statement
Renaissancere Holdings shows a mixed performance in its income statement. The TTM data reveals a decline in revenue growth rate by 6.07%, indicating a contraction in sales. However, the company maintains a healthy gross profit margin of 46.42% and a net profit margin of 14.36%, suggesting strong profitability. The EBIT and EBITDA margins are also solid at 23.05% and 23.11%, respectively, reflecting efficient operational management. Despite the recent revenue decline, the company has demonstrated resilience in maintaining profitability.72
Positive
Balance Sheet
The balance sheet of Renaissancere Holdings is robust, with a low debt-to-equity ratio of 0.19, indicating prudent financial leverage. The return on equity (ROE) stands at 16.03%, showcasing effective utilization of shareholder funds to generate profits. The equity ratio is strong, reflecting a solid capital structure. Overall, the balance sheet indicates financial stability and a conservative approach to debt management.78
Positive
Cash Flow
Renaissancere Holdings exhibits strong cash flow metrics. The free cash flow growth rate is positive at 6.93%, indicating healthy cash generation. The operating cash flow to net income ratio is not available, but the free cash flow to net income ratio is 1.0, suggesting that the company efficiently converts its earnings into cash. These metrics highlight the company's ability to generate and manage cash effectively, supporting its operations and growth.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.10B | 11.65B | 9.09B | 5.05B | 5.27B | 5.16B |
| Gross Profit | 3.33B | 3.67B | 3.64B | -858.28M | 174.46M | 1.33B |
| EBITDA | 2.79B | 3.35B | 3.05B | -1.20B | -87.56M | 1.06B |
| Net Income | 1.73B | 1.87B | 2.56B | -1.06B | -40.16M | 762.40M |
Balance Sheet | ||||||
| Total Assets | 54.50B | 50.71B | 49.01B | 36.55B | 33.96B | 30.82B |
| Cash, Cash Equivalents and Short-Term Investments | 7.72B | 6.21B | 6.48B | 5.86B | 7.16B | 6.73B |
| Total Debt | 2.23B | 1.89B | 1.96B | 1.17B | 1.17B | 1.14B |
| Total Liabilities | 35.53B | 33.16B | 33.45B | 26.69B | 23.78B | 19.87B |
| Stockholders Equity | 11.50B | 10.57B | 9.45B | 5.33B | 6.62B | 7.56B |
Cash Flow | ||||||
| Free Cash Flow | 3.99B | 4.16B | 1.91B | 1.12B | 2.05B | 4.30B |
| Operating Cash Flow | 3.99B | 4.16B | 1.91B | 1.60B | 1.23B | 1.99B |
| Investing Cash Flow | -2.58B | -3.06B | -3.82B | -3.02B | -816.30M | -2.30B |
| Financing Cash Flow | -1.26B | -1.29B | 2.59B | 725.34M | -302.46M | 665.21M |
Renaissancere Holdings Technical Analysis
Positive
265.29
Price Trends
259.06
Positive
251.04
Positive
245.79
Positive
Market Momentum
1.94
Positive
55.43
Neutral
39.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNR, the sentiment is Positive. The current price of 265.29 is above the 20-day moving average (MA) of 263.36, above the 50-day MA of 259.06, and above the 200-day MA of 245.79, indicating a bullish trend. The MACD of 1.94 indicates Positive momentum. The RSI at 55.43 is Neutral, neither overbought nor oversold. The STOCH value of 39.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RNR.
Renaissancere Holdings Risk Analysis
Renaissancere Holdings disclosed 35 risk factors in its most recent earnings report. Renaissancere Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Renaissancere Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $2.61B | 6.14 | 17.62% | ― | 22.79% | -5.17% | |
78 Outperform | $12.15B | 7.32 | 14.98% | 0.60% | -3.96% | -48.08% | |
76 Outperform | $2.49B | 13.81 | 8.09% | ― | 7.87% | -4.68% | |
74 Outperform | $12.40B | 14.58 | 7.19% | 1.89% | 2.10% | 19.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $12.95B | 22.88 | 3.59% | 2.58% | 8.62% | -78.92% | |
63 Neutral | $466.14M | ― | -0.28% | ― | 5.83% | -101.38% |
* Financial Sector Average
RNR
Renaissancere Holdings
265.29
-1.23
-0.46%
EG
Everest Group
315.47
-38.68
-10.92%
GLRE
Greenlight Capital Re
13.91
-0.99
-6.64%
RGA
Reinsurance Group
197.67
-9.75
-4.70%
SPNT
SiriusPoint
21.83
6.35
41.02%
HG
Hamilton Insurance Group, Ltd. Class B
27.03
8.17
43.32%
Renaissancere Holdings Corporate Events
RenaissanceRe’s Earnings Call Highlights Strong Q3 Performance
Oct 31, 2025
RenaissanceRe’s Earnings Call Reveals Strong Performance Amidst Market Challenges
RenaissanceRe Reports Strong Q3 2025 Financial Results
Oct 30, 2025
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance, specializing in property, casualty, and specialty reinsurance solutions, with a strong presence in various international markets.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.