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Sep 30, 2024
RenaissanceRe Q3 2024 Earnings Report
Reported strong financial results driven by solid underwriting performance and investment gains.
Key Takeaways
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.
Net income available to common shareholders was $1.2 billion.
Operating income available to common shareholders reached $540.3 million.
The combined ratio was 84.8%, and the adjusted combined ratio was 82.4%.
Net investment income increased by 28.8% to $423.9 million.
Revenue by Segment
Forward Guidance
Hurricane Milton is estimated to have a net negative impact of $275.0 million on the Company’s fourth quarter 2024 results of operations.
Challenges Ahead
- Hurricane Milton is estimated to have a $275.0 million net negative impact on net income (loss) available (attributable) to common shareholders in the fourth quarter of 2024.
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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