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Jun 30, 2024
RenaissanceRe Q2 2024 Earnings Report
Reported net income of $495.0 million and operating income of $650.8 million, driven by strong performance across underwriting, investment, and fee income.
Key Takeaways
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.
Net income available to common shareholders was $495.0 million.
Operating income available to common shareholders was $650.8 million.
Gross premiums written grew by $773.9 million, or 29.2%, compared to Q2 2023.
Net investment income increased by 40.4% from Q2 2023, reaching $410.8 million.
Revenue by Segment
Forward Guidance
RenaissanceRe's consistent strategy and strong execution are expected to enable excellent performance to persist and allow the company to grow shareholder value at an industry-leading pace.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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