RenaissanceRe Q1 2024 Earnings Report
Key Takeaways
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.
Annualized return on average common equity was 16.4%, and annualized operating return on average common equity was 28.7%.
Gross premiums written increased by $1.2 billion, or 43.0%, with growth in both Property and Casualty and Specialty segments.
The combined ratio was 77.9%, and the adjusted combined ratio was 75.4%.
Fee income increased by 86.6% from Q1 2023, and net investment income increased by 53.6% from Q1 2023.
RenaissanceRe
RenaissanceRe
Forward Guidance
No specific forward guidance was provided in the document.