RenaissanceRe Holdings Ltd. (RNR) 10-Year Financial Performance & Capital Metrics

RNR • • Insurance & Managed Care

Financial ServicesReinsuranceProperty & Casualty ReinsuranceGlobal Property Catastrophe Reinsurers

AboutRenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. The company distributes its products and services primarily through intermediaries. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.Show more

Revenue $11.65B +28.1%
Combined Ratio 73.9% +12.3%
Net Income $1.87B -27.0%
Return on Equity 11.3% -43.9%
Medical Cost Ratio 68.48% +14.3%
Operating Margin 26.1% -23.7%
Net Margin 16.06% -43.0%
ROA 3.75% -37.3%
Equity / Assets 34.61% +9.0%
Book Value per Share 341.88 +4.6%
Tangible BV/Share 328.16 +5.7%
Debt/Equity 0.11 -14.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Profitable underwriting: 73.9% combined ratio
✓Strong 5Y profit CAGR of 20.1%
✓Trading near 52-week high
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y25.17%

5Y22.76%

3Y30.3%

TTM-3.9%

Profit (Net Income) CAGR

10Y13.38%

5Y20.09%

3Y-

TTM-52.48%

EPS CAGR

10Y10.82%

5Y16.67%

3Y-

TTM-48.15%

ROCE

10Y Avg4.48%

5Y Avg3.84%

3Y Avg4.62%

Latest10.26%

Peer Comparison

Global Property Catastrophe Reinsurers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RNRRenaissanceRe Holdings Ltd.	12.54B	271.89	7.72	28.13%	14.31%	9.13%	33.22%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	1.49B	1.73B	2.1B	2.06B	4.18B	5.16B	5.27B	5.05B	9.09B	11.65B
Revenue Growth %	0.21%	0.16%	0.21%	-0.02%	1.03%	0.23%	0.02%	-0.04%	0.8%	0.28%
Medical Costs & Claims+	686.83M	820.15M	2.21B	1.55B	2.86B	3.82B	5.09B	5.91B	5.45B	7.98B
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	807.79M	906.72M	-112.67M	503.46M	1.32B	1.33B	174.46M	-858.28M	3.64B	3.67B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.09%	0.12%	-1.12%	5.47%	1.62%	0.01%	-0.87%	-5.92%	5.24%	0.01%
Operating Expenses+	311.42M	276.33M	215.51M	240.84M	352M	336.92M	288.56M	360.55M	532.53M	631.37M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	18.18M	29.3M	31.24M	123K	-58.96M	16.65M	-20.99M	-26.95M	-134.75M	-76.08M
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	496.38M	630.39M	-328.18M	262.62M	967.48M	995.92M	-114.11M	-1.22B	3.11B	3.04B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.28%	0.27%	-1.52%	1.8%	2.68%	0.03%	-1.11%	-9.68%	3.55%	-0.02%
EBITDA+	514.55M	659.69M	-296.94M	262.74M	908.52M	1.01B	-135.1M	-1.25B	2.98B	2.96B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	36.27M	42.14M	44.19M	47.07M	58.36M	50.45M	47.54M	48.34M	73.18M	93.77M
Non-Operating Income	-36.27M	-42.14M	-44.19M	-47.07M	-58.36M	-50.45M	-47.54M	-48.34M	-73.18M	-47.09M
Pretax Income+	496.38M	630.39M	-328.18M	262.62M	967.48M	995.92M	-114.11M	-1.22B	3.11B	2.99B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-45.87M	340K	26.49M	-6.3M	17.21M	2.86M	-10.67M	-59.02M	-510.07M	32.63M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	431.19M	502.96M	-222.39M	227.36M	748.8M	762.4M	-40.16M	-1.06B	2.56B	1.87B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.19%	0.17%	-1.44%	2.02%	2.29%	0.02%	-1.05%	-25.43%	3.41%	-0.27%
EPS (Diluted)+	9.28	11.43	-5.58	5.72	16.29	15.31	-1.57	-25.50	52.27	35.21
EPS Growth %	-0.26%	0.23%	-1.49%	2.03%	1.85%	-0.06%	-1.1%	-15.24%	3.05%	-0.33%
EPS (Basic)	9.36	11.50	-5.58	5.72	16.32	15.34	-1.57	-25.50	52.40	35.31
Diluted Shares Outstanding	43.53M	41.56M	39.85M	39.76M	43.17M	47.18M	47.17M	43.04M	47.61M	51.34M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	11.56B	12.35B	15.23B	18.68B	26.33B	30.82B	33.96B	36.55B	49.01B	50.71B
Asset Growth %	0.41%	0.07%	0.23%	0.23%	0.41%	0.17%	0.1%	0.08%	0.34%	0.03%
Total Investment Assets+	9B	9.32B	9.5B	11.89B	21.9B	25.26B	24.75B	25.7B	32.31B	32.64B
Long-Term Investments	8.97B	9.29B	9.49B	11.86B	17.33B	20.26B	19.45B	21.03B	27.7B	28.11B
Short-Term Investments	1.23B	1.37B	991.86M	2.59B	4.57B	4.99B	5.3B	4.67B	4.6B	4.53B
Total Current Assets+	10.28B	2.78B	3.66B	7.86B	11.41B	13.12B	15.59B	587.13M	7.41B	1.68B
Cash & Equivalents	506.88M	421.16M	1.36B	1.11B	1.38B	1.74B	1.86B	1.19B	1.88B	1.68B
Receivables	1000K	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	2.76B	0	0	0	8.51B	0	10.89B	-441.33M	-13.25B	-16.39B
Goodwill & Intangibles+	265.15M	251.19M	243.15M	237.42M	262.23M	249.64M	243.5M	237.83M	775.35M	704.13M
Goodwill	197.59M	197.59M	197.59M	197.59M	210.68M	211.01M	206.32M	206.29M	300.54M	300.51M
Intangible Assets	67.56M	53.6M	45.55M	39.83M	51.54M	38.63M	37.18M	31.53M	474.81M	403.63M
PP&E (Net)	0	-94.4M	-73.42M	11.98B	62.6M	47.8M	50.9M	83.7M	89.5M	0
Other Assets	-7.96B	30.6M	1.84B	-12.1B	-222.65M	-1.2B	-167.91M	-16.32B	-89.5M	-27.41B
Total Liabilities	5.78B	6.31B	9.54B	11.58B	17.29B	19.87B	23.78B	26.69B	33.45B	33.16B
Total Debt+	966.08M	948.66M	989.62M	991.13M	1.38B	1.14B	1.17B	1.17B	1.96B	1.89B
Net Debt	459.19M	527.51M	-371.97M	-116.8M	5.04M	-600.55M	-690.67M	-23.9M	81.14M	210.09M
Long-Term Debt	966.08M	948.66M	989.62M	991.13M	1.38B	1.14B	1.14B	1.14B	1.88B	1.44B
Short-Term Debt	0	0	0	0	0	0	30M	30M	75M	449.81M
Total Current Liabilities+	5.86B	6.54B	9.85B	1.9B	18.97B	3.49B	3.89B	111.84M	0	20.23B
Accounts Payable	523.97M	673.98M	989.09M	1.9B	2.83B	3.49B	3.86B	3.93B	3.19B	2.8B
Deferred Revenue	0	-500M	0	0	2.33B	0	0	0	661.61M	0
Other Current Liabilities	-915.35M	-479.7M	-1.2B	-2.28B	13.59B	-1.13B	-1.17B	-4.34B	-4.58B	16.82B
Deferred Taxes	0	1000K	1000K	1000K	1000K	0	1000K	1000K	0	0
Other Liabilities	-5.58M	0	0	910.93M	0	0	0	153.67M	31.57B	449.81M
Total Equity+	5.78B	6.04B	5.69B	7.1B	9.04B	10.95B	10.18B	9.86B	15.56B	17.55B
Equity Growth %	0.16%	0.05%	-0.06%	0.25%	0.27%	0.21%	-0.07%	-0.03%	0.58%	0.13%
Shareholders Equity	4.73B	4.87B	4.39B	5.05B	5.97B	7.56B	6.62B	5.33B	9.45B	10.57B
Minority Interest	1.05B	1.18B	1.3B	2.05B	3.07B	3.39B	3.55B	4.54B	6.1B	6.98B
Retained Earnings	3.78B	4.21B	3.91B	4.06B	4.71B	5.37B	5.23B	4.07B	6.52B	8.28B
Common Stock	43.7M	41.19M	40.02M	42.21M	44.15M	50.81M	44.45M	43.72M	52.69M	50.18M
Accumulated OCI	2.11M	1.13M	224K	-1.43M	-1.94M	-12.64M	-10.91M	-15.46M	-14.21M	-14.76M
Return on Equity (ROE)	0.08%	0.09%	-0.04%	0.04%	0.09%	0.08%	-0%	-0.11%	0.2%	0.11%
Return on Assets (ROA)	0.04%	0.04%	-0.02%	0.01%	0.03%	0.03%	-0%	-0.03%	0.06%	0.04%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	0.17x	0.16x	0.17x	0.14x	0.15x	0.10x	0.11x	0.12x	0.13x	0.11x
Book Value per Share	132.75	145.39	142.72	178.51	209.44	232.07	215.78	229.10	326.75	341.88
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	414.74M	469.83M	1.05B	1.22B	2.14B	1.99B	1.23B	1.6B	1.91B	4.16B
Operating CF Growth %	-0.37%	0.13%	1.23%	0.17%	0.75%	-0.07%	-0.38%	0.3%	0.19%	1.18%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	542.24M	630.05M	-354.67M	268.92M	950.27M	993.06M	-103.44M	-1.16B	3.62B	2.96B
Depreciation & Amortization	18.18M	29.3M	31.24M	123K	-58.96M	16.65M	-20.99M	-26.95M	-134.75M	258.46M
Stock-Based Compensation	38.3M	47.4M	37.2M	35.7M	0	43.7M	40M	45.2M	0	0
Deferred Taxes	0	0	0	0	0	-43.7M	-40M	-45.2M	0	0
Other Non-Cash Items	72.81M	-147.37M	-154.26M	179.61M	-414.87M	-788.83M	219.1M	1.65B	-490.44M	-20.4M
Working Capital Changes	-218.49M	-42.16M	1.52B	773.05M	1.66B	1.77B	1.14B	1.14B	-1.08B	966.24M
Cash from Investing+	-339.04M	-164.53M	-142.43M	-2.54B	-2.99B	-2.3B	-816.3M	-3.02B	-3.82B	-3.06B
Capital Expenditures	0	0	0	0	0	2.3B	816.3M	-481.3M	0	0
Acquisitions	-688.3M	-2.99M	260.48M	-13.01M	-267.67M	142.3M	-15.49M	1.48M	-1.89B	-15.99M
Purchase of Investments	-9.68B	-8.35B	-10.11B	-13.93B	-20.03B	-17.63B	-16.55B	-25.74B	-25.03B	-59.48B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	4.5M	400K	-122.43M	2.5M	-4.11M	-2.3B	-816.3M	481.3M	-539.06M	57.34M
Cash from Financing+	-83.67M	-386.39M	28.86M	1.07B	1.12B	665.21M	-302.46M	725.34M	2.59B	-1.29B
Dividends Paid	-76.35M	-73.96M	-73.75M	-82.93M	-96.12M	-99.41M	-100.72M	-100.07M	-110.49M	-116.22M
Share Repurchases	-259.87M	-309.43M	-188.59M	0	0	-187.62M	-1.3B	-166.66M	0	-666.92M
Stock Issued	0	0	0	250M	0	1.1B	488.65M	0	1.35B	0
Debt Issuance (Net)	1000K	0	1000K	0	1000K	-1000K	1000K	0	1000K	-1000K
Other Financing	-203.28M	-2.99M	245.34M	657.82M	819.83M	106.74M	582.11M	992.08M	561.94M	-429.37M
Net Change in Cash+	-18.7M	-85.73M	940.43M	-253.67M	271.15M	357.75M	122.21M	-664.68M	683.18M	-200.91M
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Cash at Beginning	525.58M	506.88M	421.16M	1.36B	1.11B	1.38B	1.74B	1.86B	1.19B	1.88B
Cash at End	506.88M	421.16M	1.36B	1.11B	1.38B	1.74B	1.86B	1.19B	1.88B	1.68B
Free Cash Flow+	414.74M	469.83M	1.05B	1.22B	2.14B	4.3B	2.05B	1.12B	1.91B	4.16B
FCF Growth %	-0.37%	0.13%	1.23%	0.17%	0.75%	1.01%	-0.52%	-0.45%	0.7%	1.18%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	9.53	11.31	26.24	30.73	49.5	91.09	43.48	26.08	40.15	81.12

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	66.79%	63.5%	115.66%	87.23%	76.85%	80.68%	102.17%	124.14%	65.79%	73.9%
Medical Cost Ratio	45.95%	47.49%	105.38%	75.52%	68.42%	74.15%	96.69%	117%	59.93%	68.48%
Return on Equity (ROE)	8%	8.51%	-3.79%	3.56%	9.28%	7.63%	-0.38%	-10.59%	20.15%	11.3%
Return on Assets (ROA)	4.36%	4.21%	-1.61%	1.34%	3.33%	2.67%	-0.12%	-3.01%	5.99%	3.75%
Equity / Assets	49.98%	48.92%	37.36%	38%	34.34%	35.52%	29.97%	26.98%	31.74%	34.61%
Book Value / Share	132.75	145.39	142.72	178.51	209.44	232.07	215.78	229.1	326.75	341.88
Debt / Equity	0.17x	0.16x	0.17x	0.14x	0.15x	0.10x	0.11x	0.12x	0.13x	0.11x
Revenue Growth	21.12%	15.54%	21.36%	-1.87%	103.2%	23.37%	2.14%	-4.11%	80.05%	28.13%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Casualty and Specialty	-	682.34M	786.5M	925.3M	1.71B	2.02B	2.59B	3.56B	4.38B	6.25B
Casualty and Specialty Growth	-	-	15.27%	17.65%	84.90%	17.85%	28.25%	37.82%	22.91%	42.58%
Property	-	720.95M	931.07M	1.05B	1.63B	1.94B	2.61B	2.77B	3.09B	3.85B
Property Growth	-	-	29.14%	12.86%	54.88%	18.97%	34.71%	6.21%	11.57%	24.57%
Others	-48K	-	-	-	-	-	-	-	-	-
Others Growth	-	-	-	-	-	-	-	-	-	-
Catastrophe Reinsurance	622.71M	-	-	-	-	-	-	-	-	-
Catastrophe Reinsurance Growth	-	-	-	-	-	-	-	-	-	-
Specialty Reinsurance	548.81M	-	-	-	-	-	-	-	-	-
Specialty Reinsurance Growth	-	-	-	-	-	-	-	-	-	-
Lloyds	229.07M	-	-	-	-	-	-	-	-	-
Lloyds Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

RenaissanceRe Holdings Ltd. (RNR) has a price-to-earnings (P/E) ratio of 7.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

RenaissanceRe Holdings Ltd. (RNR) grew revenue by 28.1% over the past year. This is strong growth.

Yes, RenaissanceRe Holdings Ltd. (RNR) is profitable, generating $1.73B in net income for fiscal year 2024 (16.1% net margin).

Dividend & Returns

Yes, RenaissanceRe Holdings Ltd. (RNR) pays a dividend with a yield of 0.58%. This makes it attractive for income-focused investors.

RenaissanceRe Holdings Ltd. (RNR) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

Industry Metrics

RenaissanceRe Holdings Ltd. (RNR) has a combined ratio of 73.9%. A ratio below 100% indicates underwriting profitability.

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