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Dec 31, 2023
RenaissanceRe Q4 2023 Earnings Report
Reported a strong quarter with substantial net income and operating income, driven by underwriting performance, investment income, and fee income.
Key Takeaways
RenaissanceRe reported a net income of $1.6 billion and operating income of $623.1 million for Q4 2023. The company's annualized operating return on average common equity was 33.0%. The Validus acquisition contributed to the company's strong performance.
Annualized return on average common equity of 83.5% and annualized operating return on average common equity of 33.0%.
Combined ratio of 76.0% and adjusted combined ratio of 73.6%.
Fee income of $70.8 million; up 133.2% from Q4 2022.
Net investment income of $377.0 million; up 78.5% from Q4 2022.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
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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