RenaissanceRe Earnings Reports

RenaissanceRe reported a net loss of $198.5 million for Q4 2024, influenced by mark-to-market losses and the impact of Hurricane Milton. However, the company achieved an operating income of $406.9 million, supported by underwriting income and fee income growth.

RenaissanceRe reported a net income of $1.2 billion and an operating income of $540.3 million for Q3 2024. The company's annualized return on average common equity was 47.1%, and the combined ratio was 84.8%. Large loss events had a net negative impact of $243.2 million.

RenaissanceRe reported a strong second quarter in 2024, driven by excellent performance across its three drivers of profit: underwriting, investment, and fee income. The Validus transaction continues to add significant value, contributing to substantial growth in both premium and invested assets.

RenaissanceRe reported a net income available to common shareholders of $364.8 million and an operating income available to common shareholders of $636.4 million for Q1 2024. The company's gross premiums written grew by 43.0%, and the combined ratio was 77.9%. Fee income increased by 86.6% and net investment income increased by 53.6% compared to Q1 2023.

RenaissanceRe reported a net income of $1.6 billion and operating income of $623.1 million for Q4 2023. The company's annualized operating return on average common equity was 33.0%. The Validus acquisition contributed to the company's strong performance.

RenaissanceRe reported a net income available to common shareholders of $194.0 million and an operating income available to common shareholders of $422.3 million for Q3 2023. The company's annualized operating return on average common equity was 25.0%. On November 1, 2023, RenaissanceRe completed the acquisition of Validus Re from American International Group, Inc.

RenaissanceRe reported a strong quarter with a 28.8% operating return on average common equity, driven by robust underwriting income and record fee and net investment income. The company also announced an agreement to acquire Validus Re from American International Group, Inc.

RenaissanceRe reported a net income available to common shareholders of $564.1 million for Q1 2023, with an annualized return on average common equity of 46.6%. The company saw strong performance in both its Property and Casualty and Specialty segments, with combined ratios of 56.6% and 92.9%, respectively. Net investment income grew by 203.9% compared to Q1 2022, and the company raised $621.2 million of third-party capital.

RenaissanceRe reported an excellent quarter with a 29.6% annualized operating return on average common equity, driven by strong underwriting results, significantly increased net investment income, and stable management fees. The company demonstrated leadership and discipline at the January renewal, achieving a step change in rate and terms investors required, while providing the reinsurance capacity customers needed.

RenaissanceRe reported a net loss attributable to common shareholders of $825.3 million and an operating loss attributable to common shareholders of $396.7 million for Q3 2022. The results were significantly impacted by Hurricane Ian and other catastrophe events, which contributed to a $648.4 million net negative impact.

RenaissanceRe reported a net loss of $324.9 million attributable to common shareholders for Q2 2022, but demonstrated strong operating profitability. The results were driven by solid underwriting performance in both segments and a significant increase in net investment income.

RenaissanceRe reported a net loss attributable to common shareholders of $394.4 million for Q1 2022, but delivered a solid double digit operating return. The company saw growth in net premiums written, driven by the Casualty and Specialty segment, and launched the Fontana joint venture to expand fee income business.

RenaissanceRe reported a net income available to common shareholders of $210.9 million and an operating income available to common shareholders of $213.7 million for the fourth quarter of 2021. The company's Casualty and Specialty segment achieved a combined ratio of 92.5%.

RenaissanceRe reported a net loss attributable to common shareholders of $450.2 million and an operating loss attributable to common shareholders of $414.5 million for the third quarter of 2021. The results were significantly impacted by Hurricane Ida, severe flooding in Northwestern Europe, and other catastrophe events, which contributed to a $726.8 million net negative impact on net loss attributable to common shareholders. However, the company saw strong growth in gross premiums written, increasing by 55.2% across both segments, and repurchased $223.8 million of common shares during the quarter.

RenaissanceRe reported a solid second quarter, marked by strong underwriting growth, high-quality fee income, and robust investment returns. The company's Casualty and Specialty segment demonstrated leadership by capitalizing on opportunities, while the Property segment strategically deployed capital in attractive business ventures.

RenaissanceRe reported a net loss attributable to common shareholders of $290.9 million for the first quarter of 2021, impacted by Winter Storm Uri and volatile capital markets. However, the company grew gross premiums written by 30.9% and repurchased 1.1 million common shares.

RenaissanceRe reported a net income available to common shareholders of $189.8 million, or $3.74 per diluted common share, in the fourth quarter of 2020. However, the operating loss attributable to common shareholders was $77.1 million, or $1.59 per diluted common share, during the same period. The results were significantly impacted by weather-related large losses and losses related to the COVID-19 pandemic.

RenaissanceRe reported a net income of $47.8 million, or $0.94 per diluted common share, in Q3 2020, compared to $36.7 million, or $0.83 per diluted common share, in Q3 2019. However, the company experienced an operating loss of $131.7 million, or $2.64 per diluted common share, due to significant catastrophic events.

RenaissanceRe reported a net income available to common shareholders of $575.8 million, or $12.63 per diluted common share, in the second quarter of 2020, compared to $367.9 million, or $8.35 per diluted common share, in the second quarter of 2019. Operating income available to common shareholders was $190.1 million, or $4.06 per diluted common share, compared to $198.8 million, or $4.47 per diluted common share, in the second quarter of 2019.

RenaissanceRe reported a net loss attributable to common shareholders of $82.0 million, or $1.89 per diluted common share, in the first quarter of 2020. The financial performance was negatively impacted by COVID-19 and investment losses, but the company remains well capitalized with ample liquidity.

RenaissanceRe reported a net income of $33.8 million, or $0.77 per diluted common share, in Q4 2019. Operating income was $23.0 million, or $0.52 per diluted common share.