RenaissanceRe Holdings Ltd. (RNR) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Reinsurance
EV/EBITDA
↑
3.36
-3% vs avg
5yr avg: 3.48
30Y Low3.1·High45.4
P/FCF
↓
3.50
↓-22% vs avg
5yr avg: 4.46
30Y Low1.8·High22.7
P/B Ratio
↓
0.70
-2% vs avg
5yr avg: 0.71
30Y Low0.6·High1.9
ROE
↑
14.6%
↓+108% vs avg
5yr avg: 7.0%
30Y Low-11%·High28%
Debt/EBITDA
↓
0.58
↓-4% vs avg
5yr avg: 0.61
30Y Low0.3·High25.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RNR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
RenaissanceRe Holdings Ltd. trades at 5.3x earnings, roughly in line with its 5-year average of 5.3x, sitting at the 17th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 61%. On a free-cash-flow basis, the stock trades at 3.5x P/FCF, 22% below the 5-year average of 4.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.9B | $12.6B | $12.8B | $9.3B | $7.9B | $8.0B | $7.8B | $8.5B | $5.3B | $5.0B | $5.7B |
| Enterprise Value | $13.5B | $13.2B | $13.0B | $9.4B | $7.9B | $7.3B | $7.2B | $8.5B | $5.2B | $4.6B | $6.2B |
| P/E Ratio → | 5.28 | 4.97 | 7.07 | 3.75 | — | — | 10.83 | 12.03 | 23.37 | — | 11.92 |
| P/S Ratio | 1.01 | 0.99 | 1.10 | 1.03 | 1.57 | 1.52 | 1.52 | 2.03 | 2.58 | 2.39 | 3.28 |
| P/B Ratio | 0.70 | 0.66 | 0.73 | 0.60 | 0.80 | 0.78 | 0.71 | 0.94 | 0.75 | 0.88 | 0.94 |
| P/FCF | 3.50 | 3.42 | 3.07 | 4.88 | 7.06 | 3.89 | 1.82 | 3.96 | 4.35 | 4.79 | 12.05 |
| P/OCF | 3.50 | 3.42 | 3.07 | 4.88 | 4.94 | 6.47 | 3.93 | 3.96 | 4.35 | 4.79 | 12.05 |
P/E links to full P/E history page with 30-year chart
RNR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
RenaissanceRe Holdings Ltd.'s enterprise value stands at 3.4x EBITDA, roughly in line with its 5-year average of 3.5x. The Financial Services sector median is 11.4x, placing the stock at a 70% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.04 | 1.11 | 1.04 | 1.57 | 1.39 | 1.40 | 2.03 | 2.53 | 2.21 | 3.58 |
| EV / EBITDA | 3.36 | 3.29 | 3.99 | 3.16 | — | — | 7.13 | 9.32 | 19.79 | — | 9.38 |
| EV / EBIT | 3.37 | 3.20 | 4.21 | 2.96 | — | — | 6.90 | 8.25 | 16.79 | — | 9.20 |
| EV / FCF | — | 3.58 | 3.12 | 4.92 | 7.04 | 3.56 | 1.68 | 3.96 | 4.26 | 4.43 | 13.17 |
RNR Profitability
Margins and return-on-capital ratios measuring operating efficiency
RenaissanceRe Holdings Ltd. earns an operating margin of 31.5%, above the Financial Services sector average of 20.3%. Operating margins have compressed from 34.2% to 31.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 14.6% is modest. ROIC of 16.0% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.7% | 40.7% | 31.5% | 40.1% | -17.0% | 3.3% | 25.9% | 31.6% | 24.5% | -5.4% | 52.5% |
| Operating Margin | 31.5% | 31.5% | 25.7% | 34.2% | -24.1% | -2.2% | 19.3% | 23.2% | 12.8% | -15.7% | 36.5% |
| Net Profit Margin | 21.0% | 21.0% | 16.1% | 28.2% | -21.0% | -0.8% | 14.8% | 17.9% | 11.1% | -10.6% | 29.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.6% | 14.6% | 11.3% | 20.2% | -10.6% | -0.4% | 7.6% | 9.3% | 3.6% | -3.8% | 8.5% |
| ROA | 5.1% | 5.1% | 3.8% | 6.0% | -3.0% | -0.1% | 2.7% | 3.3% | 1.3% | -1.6% | 4.2% |
| ROIC | 16.0% | 16.0% | 13.4% | 18.3% | -9.5% | -0.9% | 7.7% | 9.1% | 3.2% | -4.1% | 7.4% |
| ROCE | 10.7% | 10.7% | 8.6% | 8.3% | -3.7% | -0.4% | 5.7% | 8.0% | 2.4% | -5.9% | 11.0% |
RNR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
RenaissanceRe Holdings Ltd. carries a Debt/EBITDA ratio of 0.6x, which is very conservative (86% below the sector average of 4.3x). Net debt stands at $598M ($2.3B total debt minus $1.7B cash). Interest coverage of 34.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.11 | 0.13 | 0.12 | 0.11 | 0.10 | 0.15 | 0.14 | 0.17 | 0.16 |
| Debt / EBITDA | 0.58 | 0.58 | 0.58 | 0.66 | — | — | 1.12 | 1.52 | 3.77 | — | 1.44 |
| Net Debt / Equity | — | 0.03 | 0.01 | 0.01 | -0.00 | -0.07 | -0.05 | 0.00 | -0.02 | -0.07 | 0.09 |
| Net Debt / EBITDA | 0.15 | 0.15 | 0.06 | 0.03 | — | — | -0.59 | 0.01 | -0.44 | — | 0.80 |
| Debt / FCF | — | 0.16 | 0.05 | 0.04 | -0.02 | -0.34 | -0.14 | 0.00 | -0.10 | -0.36 | 1.12 |
| Interest Coverage | 34.21 | 34.21 | 32.92 | 43.50 | -24.22 | -1.40 | 20.74 | 17.58 | 6.58 | -6.43 | 15.96 |
RNR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
RenaissanceRe Holdings Ltd.'s current ratio of 5.03x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 4.15x to 5.03x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.03 | 5.03 | 0.08 | 4.15 | 5.25 | 4.01 | 3.76 | 0.60 | 4.13 | 0.37 | 0.42 |
| Quick Ratio | 5.03 | 5.03 | 0.08 | 4.15 | 148.82 | 7.03 | 3.76 | 1.09 | 7.31 | 0.37 | 0.42 |
| Cash Ratio | 3.62 | 3.62 | 0.31 | 2.72 | 52.43 | 1.84 | 1.93 | 0.31 | 1.94 | 0.24 | 0.27 |
| Asset Turnover | — | 0.24 | 0.23 | 0.19 | 0.14 | 0.16 | 0.17 | 0.16 | 0.11 | 0.14 | 0.14 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RNR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
RenaissanceRe Holdings Ltd. returns 12.9% to shareholders annually — split between a 0.6% dividend yield and 12.4% buyback yield. The payout ratio of 2.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 18.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.6% | 0.6% | 0.8% | 0.8% | 0.8% | 0.9% | 0.7% | 1.0% | 1.0% | 0.9% |
| Payout Ratio | 2.8% | 2.8% | 4.3% | 2.9% | — | — | 9.0% | 7.9% | 23.2% | — | 10.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 18.9% | 20.1% | 14.2% | 26.7% | — | — | 9.2% | 8.3% | 4.3% | — | 8.4% |
| FCF Yield | 28.6% | 29.3% | 32.6% | 20.5% | 14.2% | 25.7% | 54.9% | 25.3% | 23.0% | 20.9% | 8.3% |
| Buyback Yield | 12.4% | 12.7% | 5.2% | 0.2% | 2.1% | 16.3% | 2.4% | 0.0% | 0.0% | 3.8% | 5.5% |
| Total Shareholder Yield | 12.9% | 13.3% | 5.9% | 1.0% | 2.9% | 17.2% | 3.3% | 0.7% | 1.0% | 4.8% | 6.4% |
| Shares Outstanding | — | $45M | $51M | $48M | $43M | $47M | $47M | $43M | $40M | $40M | $42M |
Peer Comparison
Compare RNR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RNRYou | $13B | 5.3 | 3.4 | 3.5 | 40.7% | 31.5% | 14.6% | 16.0% | 0.6 |
 EVR | $15B | 26.5 | 17.9 | 12.5 | 99.4% | 20.5% | 27.8% | 18.8% | 1.4 |
 PRE | $349M | -7.6 | — | — | 52.8% | -41.3% | -21.8% | -21.2% | — |
 ACGL | $32B | 7.8 | 6.6 | 5.3 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 AXS | $7B | 8.2 | 6.3 | — | 49.9% | 18.7% | 16.2% | 14.8% | 1.2 |
 GLRE | $533M | 7.4 | 5.1 | 2.5 | 40.9% | 11.2% | 11.1% | 9.5% | 0.1 |
 MMC | $85B | 21.3 | 16.0 | 21.4 | 42.8% | 23.8% | 31.3% | 15.2% | 3.3 |
 AON | $68B | 18.7 | 15.7 | 21.2 | 47.7% | 25.3% | 46.3% | 13.5% | 3.1 |
 WTW | $24B | 15.7 | 10.5 | 15.6 | 42.1% | 23.0% | 20.0% | 14.0% | 2.6 |
 MKL | $23B | 10.9 | 8.0 | 9.0 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 RLI | $5B | 12.2 | 9.4 | 8.0 | 29.8% | 27.5% | 24.4% | 22.8% | 0.2 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into RNR consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
RNR — Frequently Asked Questions
Quick answers to the most common questions about buying RNR stock.
What is RenaissanceRe Holdings Ltd.'s P/E ratio?
RenaissanceRe Holdings Ltd.'s current P/E ratio is 5.3x. The historical average is 9.5x. This places it at the 17th percentile of its historical range.
What is RenaissanceRe Holdings Ltd.'s EV/EBITDA?
RenaissanceRe Holdings Ltd.'s current EV/EBITDA is 3.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.4x.
What is RenaissanceRe Holdings Ltd.'s ROE?
RenaissanceRe Holdings Ltd.'s return on equity (ROE) is 14.6%. The historical average is 11.1%.
Is RNR stock overvalued?
Based on historical data, RenaissanceRe Holdings Ltd. is trading at a P/E of 5.3x. This is at the 17th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is RenaissanceRe Holdings Ltd.'s dividend yield?
RenaissanceRe Holdings Ltd.'s current dividend yield is 0.56% with a payout ratio of 2.8%.
What are RenaissanceRe Holdings Ltd.'s profit margins?
RenaissanceRe Holdings Ltd. has 40.7% gross margin and 31.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does RenaissanceRe Holdings Ltd. have?
RenaissanceRe Holdings Ltd.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.