RenaissanceRe reports Q1 operating EPS $8.16, consensus $7.34

Reports Q1 revenue $2.21B, consensus $1.9B. Kevin J. O’Donnell, President and CEO, said, "We began the year with an excellent quarter, reporting an operating return on average common equity of 29.7% driven by strong underwriting results, growing Capital Partners fees, and increased net investment income. Looking forward, we expect these Three Drivers of Profit to continue to improve, driven by ongoing strong demand for our products, increased fees from our Capital Partners business and a favorable investment environment. We are confident that the attractive reinsurance market will persist, providing us with many opportunities to deploy additional capital as the year progresses."