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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.
Typhoon Hagibis and 2019 Aggregate Losses negatively impacted net income by $193.3 million.
Gross premiums written increased by $357.7 million, or 65.3%, to $905.5 million.
Underwriting loss of $65.2 million and a combined ratio of 106.7%.
Total investment result was a gain of $130.6 million, generating an annualized total investment return of 3.1%.
RenaissanceRe did not provide forward guidance in the earnings report.
Visualization of income flow from segment revenue to net income