RenaissanceRe Holdings Ltd. (RNR) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Reinsurance
EV/EBITDA
↑
3.39
-3% vs avg
5yr avg: 3.48
30Y Low3.1·High45.4
P/FCF
↓
3.53
↓-21% vs avg
5yr avg: 4.46
30Y Low1.8·High22.7
P/B Ratio
↓
0.71
-1% 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 13.3x, the stock trades at a discount of 60%. On a free-cash-flow basis, the stock trades at 3.5x P/FCF, 21% 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 | $13.0B | $12.6B | $12.8B | $9.3B | $7.9B | $8.0B | $7.8B | $8.5B | $5.3B | $5.0B | $5.7B |
| Enterprise Value | $13.6B | $13.2B | $13.0B | $9.4B | $7.9B | $7.3B | $7.2B | $8.5B | $5.2B | $4.6B | $6.2B |
| P/E Ratio → | 5.33 | 4.97 | 7.07 | 3.75 | — | — | 10.83 | 12.03 | 23.37 | — | 11.92 |
| P/S Ratio | 1.02 | 0.99 | 1.10 | 1.03 | 1.57 | 1.52 | 1.52 | 2.03 | 2.58 | 2.39 | 3.28 |
| P/B Ratio | 0.71 | 0.66 | 0.73 | 0.60 | 0.80 | 0.78 | 0.71 | 0.94 | 0.75 | 0.88 | 0.94 |
| P/FCF | 3.53 | 3.42 | 3.07 | 4.88 | 7.06 | 3.89 | 1.82 | 3.96 | 4.35 | 4.79 | 12.05 |
| P/OCF | 3.53 | 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 | 3.39 | 3.29 | 3.99 | 3.16 | — | — | 7.13 | 9.32 | 19.79 | — | 9.38 |
| EV / EBIT | 3.40 | 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 21.4%. 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 5.7%.
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 4.1x). 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 12.8% to shareholders annually — split between a 0.6% dividend yield and 12.3% buyback yield. The payout ratio of 2.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 18.7% (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 | 18.7% | 20.1% | 14.2% | 26.7% | — | — | 9.2% | 8.3% | 4.3% | — | 8.4% |
| FCF Yield | 28.3% | 29.3% | 32.6% | 20.5% | 14.2% | 25.7% | 54.9% | 25.3% | 23.0% | 20.9% | 8.3% |
| Buyback Yield | 12.3% | 12.7% | 5.2% | 0.2% | 2.1% | 16.3% | 2.4% | 0.0% | 0.0% | 3.8% | 5.5% |
| Total Shareholder Yield | 12.8% | 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 | $13B | 23.2 | 15.7 | 10.9 | 99.4% | 20.5% | 27.8% | 18.8% | 1.4 |
 PRE | $255M | -4.0 | — | — | 53.0% | -40.5% | -33.7% | -20.8% | — |
 ACGL | $34B | 8.1 | 6.8 | 5.5 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 AXS | $7B | 8.0 | 6.2 | — | 49.9% | 18.7% | 16.2% | 14.8% | 1.2 |
 GLRE | $608M | 8.2 | -0.3 | 2.9 | 40.9% | 11.2% | 11.1% | 16.7% | 0.1 |
 MMC | $85B | 21.3 | 16.0 | 21.4 | 42.8% | 23.8% | 31.3% | 15.2% | 3.3 |
 AON | $67B | 18.5 | 15.6 | 20.9 | 47.7% | 25.3% | 46.3% | 13.5% | 3.1 |
 WTW | $24B | 16.0 | 10.6 | 15.8 | 42.1% | 23.0% | 20.0% | 14.0% | 2.6 |
 MKL | $22B | 10.4 | 7.6 | 8.6 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 RLI | $5B | 11.5 | 8.8 | 7.6 | 29.8% | 27.5% | 24.4% | 22.8% | 0.2 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonRNR — 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 0.55% 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.