RenaissanceRe Q2 2024 Earnings Report
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.
RenaissanceRe
RenaissanceRe
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.