RENAISSANCERE HOLDINGS (RNR) Company Report

RenaissanceRe Holdings Ltd. reported strong Q3 2025 results, with $734 million in operating income and an operating return on average common equity of 28%. Operating income per share was $15.62, and underwriting income nearly doubled from Q3 2024 to $770 million.
Year-to-date, the company achieved almost $1.3 billion in operating income and grew tangible book value per share plus change in accumulated dividends by almost 22%.
The company returned over $1 billion in capital to shareholders through repurchases year-to-date and anticipates continuing share buybacks, having bought back over 850,000 shares for $205 million since Q2 2024 and an additional $100 million post quarter-end as of October 24, 2025.
Looking ahead to 2026, while property catastrophe rates are expected to decrease by about 10%, the company anticipates return levels to remain very attractive, maintaining a focus on margin over growth and disciplined underwriting.

Oct 29, 2025, 2:00 PM

Transcript

RenaissanceRe Reports Strong Q3 2025 Results and Capital Returns

RNR

Earnings

Share Buyback

Guidance Update

RenaissanceRe Holdings Ltd. reported strong Q3 2025 financial results, including an annualized return on equity of 35% and operating income per share of $15.62.
The company generated $1.9 billion in GAAP earnings and $3.2 billion in operating cash flow year-to-date, growing tangible book value by $1 billion.
RenaissanceRe returned $1 billion of capital to shareholders through repurchases as of October 24, 2025, and plans to continue share buybacks, considering them an "exceptional value".
Underwriting income nearly doubled to $770 million in Q3 2025 , driven by disciplined underwriting, while the market anticipates property catastrophe rates could be down about 10% at the January 1, 2026 renewal, though returns are expected to remain attractive.

Oct 29, 2025, 2:00 PM

Transcript

RenaissanceRe Announces Q3 2025 Results

RNR

Earnings

For the third quarter of 2025, RenaissanceRe reported net income available to common shareholders of $907.7 million, or $19.47 per basic common share. For the nine months ended September 30, 2025, net income was $1,895.3 million, with basic EPS of $39.60.
Gross premiums written for Q3 2025 were $2.32 billion, and net premiums written were $2.06 billion. For the nine months ended September 30, 2025, gross premiums written totaled $9.90 billion and net premiums written were $8.27 billion.
The company achieved underwriting income of $770.2 million with a combined ratio of 68.4% in Q3 2025. For the nine months ended September 30, 2025, underwriting income was $601.3 million and the combined ratio was 92.1%.
Total investment result for Q3 2025 was $750.2 million, contributing to a nine-month total of $2.25 billion.

Oct 29, 2025, 2:00 PM

Presentation

RenaissanceRe Reports Strong Q3 2025 Operating Income and Tangible Book Value Growth

RNR

Earnings

Share Buyback

Guidance Update

RenaissanceRe Holdings Ltd. reported operating income of $734 million and an operating return on average common equity of 28% for Q3 2025.
The company grew its tangible book value per share plus change in accumulated dividends by 10% in Q3 2025 and almost 22% year-to-date.
RenaissanceRe returned over $1 billion in capital to shareholders through repurchases in 2025 and anticipates continuing share buybacks.
Key profit drivers in Q3 2025 included underwriting income of $770 million, retained net investment income of $305 million, and fee income of $102 million.
While anticipating continued growth in demand, the company expects property catastrophe rates to be down about 10% at January 1, 2026 renewals due to increased supply.

Oct 29, 2025, 2:00 PM

Transcript

RenaissanceRe Reports Strong Q3 2025 Financial Results

RNR

Earnings

Share Buyback

Revenue Acceleration/Inflection

RenaissanceRe reported net income available to common shareholders of $907.7 million and operating income available to common shareholders of $733.7 million in Q3 2025.
The company achieved an annualized return on average common equity of 34.9% and an annualized operating return on average common equity of 28.2% for Q3 2025.
The combined ratio was 68.4% and the adjusted combined ratio was 66.6% in Q3 2025.
RenaissanceRe repurchased approximately $205.2 million of common shares in Q3 2025, with an additional $100.0 million repurchased from October 1, 2025, through October 24, 2025.
Year-to-date growth in book value per common share and tangible book value per common share plus change in accumulated dividends was 18.1% and 21.8%, respectively.

Oct 28, 2025, 8:33 PM

8-K

RenaissanceRe Holdings Ltd. Receives Positive Outlook Revision from AM Best

RNR

AM Best revised the outlook for the Long-Term Issuer Credit Ratings (Long-Term ICRs) of RenaissanceRe Holdings Ltd. (RNR) and its key subsidiaries to positive from stable.
The Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of "aa-" (Superior) for Renaissance Reinsurance Ltd. and its members were affirmed.
This positive outlook reflects substantially improved operating performance due to dampened volatility from specialty and casualty lines, very strong underwriting results, and significantly increased investment returns.
RenaissanceRe's balance sheet strength is assessed as strongest, supported by its ability to raise capital and its very favorable business profile in global reinsurance.

Oct 2, 2025, 9:44 PM

Press Release

RenaissanceRe Holdings Ltd. announces quarterly dividend and share repurchase program renewal

RNR

Dividends

Share Buyback

RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.40 per common share, payable on September 30, 2025, to shareholders of record on September 15, 2025.
The Board of Directors approved the renewal of the company's share repurchase program, bringing the total current authorization to $750.0 million, which includes remaining amounts from prior authorizations.

Jul 30, 2025, 8:18 PM

Press Release

RenaissanceRe Reports Strong Q2 2025 Financial Results

RNR

Earnings

Share Buyback

Guidance Update

RenaissanceRe reported strong Q2 2025 financial results, including an annualized return on equity of 34% and operating return on equity of 24%, with operating income per share of $12.29.
The company demonstrated significant shareholder value creation, growing tangible book value per share by 10% year-to-date and over 20% over the past twelve months.
RNR repurchased $376 million of shares in Q2 2025, contributing to a total of $808 million in share repurchases year-to-date.
Underwriting income reached $600 million with an adjusted combined ratio of 73%. The company strategically grew property catastrophe premiums by 8% while reducing U.S. general liability exposure by approximately 30%.
Management anticipates continued strong performance, projecting Q3 2025 fees of approximately $80 million and sustained strong retained net investment income.

Jul 24, 2025, 7:17 PM

RenaissanceRe Holdings Ltd. Reports Strong Full-Year 2024 Financial Results

RNR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

RenaissanceRe Holdings Ltd. reported strong financial results for the year ended December 31, 2024, with Gross Premiums Written reaching $11.7 billion.
For the year ended December 31, 2024, the company's Net Income Available to Common Shareholders was $1.8 billion, and Operating Income Available to Common Shareholders was $2.2 billion.
Key profitability metrics for 2024 included a Return on Average Common Equity (ROACE) of 19.3% and an Operating ROACE of 23.5%.
RenaissanceRe's earnings are diversified across three main drivers: underwriting income ($1.6 billion with an 83.9% combined ratio), fee income ($327 million), and retained net investment income ($1.1 billion) for the year ended December 31, 2024.
The company maintained a strong financial position with Cash and Investments of $34.3 billion and Common Shareholders' Equity of $9.8 billion as of December 31, 2024.

Jul 24, 2025, 2:00 PM

Presentation

RenaissanceRe Reports Q2 2025 Financial Results

RNR

Jul 23, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for RENAISSANCERE HOLDINGS.

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