RenaissanceRe reported a net loss of $198.5 million for Q4 2024, influenced by mark-to-market losses and the impact of Hurricane Milton. However, the company achieved an operating income of $406.9 million, supported by underwriting income and fee income growth.
Reported a net loss attributable to common shareholders of $198.5 million, or $(3.95) per diluted common share.
Achieved operating income available to common shareholders of $406.9 million, or $8.06 per diluted common share.
Combined ratio of 91.7% and adjusted combined ratio of 89.4%.
Net investment income increased to $428.8 million, up 13.8% from Q4 2023.
RenaissanceRe anticipates leveraging its strong capital and liquidity to capitalize on emerging opportunities, enhance its market leadership, and deliver superior shareholder value.
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