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Renaissancere Holdings Ltd (RNR)
NYSE:RNR
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Renaissancere Holdings
(NYSE:RNR)
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Rating:79Outperform
Price Target:
$283.00
▲(5.03% Upside)
Renaissancere Holdings scores well due to its strong financial performance and attractive valuation. The company's strategic focus on margin preservation and capital management, as highlighted in the earnings call, further supports its positive outlook. Technical indicators suggest some short-term weakness, but the overall fundamentals remain robust.
Positive Factors
Strong Balance Sheet
A strong balance sheet with no debt enhances financial flexibility, allowing the company to invest in growth opportunities and weather economic downturns effectively.
Revenue Growth
Consistent revenue growth indicates robust demand for the company's products and services, supporting long-term business expansion and market presence.
Capital Management
Strong capital management, including significant shareholder returns, reflects confidence in the company's financial health and commitment to enhancing shareholder value.
Negative Factors
Decreasing Property CAT Rates
Decreasing property CAT rates can pressure profitability, as lower rates may reduce revenue from key reinsurance segments, impacting overall financial performance.
Increased Competition
Rising competition in key segments could erode market share and pricing power, challenging the company's ability to maintain margins and profitability.
Decline in Net Income
A decline in net income can signal challenges in cost management or revenue generation, potentially affecting the company's ability to sustain long-term profitability.
Renaissancere Holdings (RNR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.33B
Dividend Yield0.6%
Average Volume (3M)486.04K
Price to Earnings (P/E)7.4
Beta (1Y)0.17
Revenue Growth-3.96%
EPS Growth-48.08%
CountryUS
Employees945
SectorFinancial
Sector Strength70
IndustryInsurance - Reinsurance
Share Statistics
EPS (TTM)15.62
Shares Outstanding46,109,516
10 Day Avg. Volume591,821
30 Day Avg. Volume486,035
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)1.20
Price to Sales (P/S)1.09
P/FCF Ratio3.06
Enterprise Value/Market Cap1.80
Enterprise Value/Revenue1.83
Enterprise Value/Gross Profit3.95
Enterprise Value/Ebitda7.93
Forecast
1Y Price Target
$282.26Price Target Upside4.75% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Renaissancere Holdings Business Overview & Revenue Model
Company DescriptionRenaissanceRe 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.
How the Company Makes MoneyRenaissanceRe generates revenue primarily through its reinsurance and insurance underwriting activities. The company earns premiums from clients for the coverage it provides, which are then invested to yield investment income. Key revenue streams include property catastrophe reinsurance, where RenaissanceRe provides coverage against large-scale natural disasters, and specialty insurance products that cater to niche markets. The company's investment portfolio, consisting of fixed income securities, equities, and other financial instruments, also contributes significantly to its earnings. Additionally, RenaissanceRe engages in strategic partnerships with other insurance entities and capital markets, enhancing its capacity to underwrite risks and tap into new market opportunities, which further bolsters its revenue generation capabilities.
Renaissancere Holdings Earnings Call Summary
Earnings Call Date:Oct 28, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 03, 2026
Earnings Call Sentiment Positive
RenaissanceRe delivered strong financial performance in the third quarter, with substantial operating income and growth in tangible book value. While the company faces potential challenges with decreasing property CAT rates and increased competition, its strategic focus on margin preservation and capital management has positioned it well for continued success.Q3-2025 Updates
Positive Updates
Strong Third Quarter Performance
RenaissanceRe reported operating income of $734 million with an operating return on average common equity of 28% for the third quarter. Year-to-date, the company earned almost $1.3 billion in operating income and delivered a 17% operating return on average equity.
Growth in Tangible Book Value
The company grew its primary metric, tangible book value per share plus change in accumulated dividends, by 10% in the quarter and almost 22% year-to-date.
Successful Property CAT Market Expansion
RenaissanceRe increased its property CAT portfolio from $2 billion of gross written premium in 2022 to around $3.3 billion, creating a strong base of profit going forward.
Capital Return to Shareholders
Over $1 billion in capital was returned to shareholders so far this year, with significant share repurchases continuing post-quarter end.
Investment Income Growth
Retained net investment income grew from $392 million in 2022 to almost $1.2 billion over the trailing 4 quarters.
Negative Updates
Decreasing Property CAT Rates
Facing decreasing property CAT rates and falling short-term interest rates, which could present challenges in maintaining current profitability levels.
Increased Competition in Casualty and Specialty Segments
Increased competition in some lines of the Casualty and Specialty segment is expected, potentially impacting future profitability.
Company Guidance
In the third quarter of 2025, RenaissanceRe reported a strong performance with an operating income of $734 million and an operating return on average common equity of 28%. Year-to-date figures showed nearly $1.3 billion in operating income and a 17% operating return on average equity. The company also achieved a 10% growth in tangible book value per share plus accumulated dividends for the quarter, contributing to an almost 22% growth year-to-date. Over the past three years, RenaissanceRe has maintained robust returns, with operating return on equity exceeding 20% in 10 of the last 12 quarters, averaging a return of 24%. The company has more than doubled its tangible book value per share during this period, driven by strategic growth in the property CAT market, an increase in capital partner fees to over $300 million, and a rise in retained net investment income to almost $1.2 billion over the trailing four quarters. Additionally, RenaissanceRe returned over $1 billion in capital to shareholders, demonstrating strong capital management and ongoing share repurchases. Looking ahead to 2026, the company anticipates continued profitability despite expected decreases in property CAT rates and short-term interest rates, by focusing on preserving underwriting margins and leveraging strong customer relationships.Renaissancere Holdings Financial Statement Overview
Summary
Renaissancere Holdings demonstrates a solid financial position with strong revenue growth and effective cash flow management. Despite slight declines in profitability margins, the company maintains low leverage and a strong equity position, providing stability and resilience in the reinsurance industry.Income Statement
Renaissancere Holdings shows a strong revenue growth trajectory with a 2.89% increase in TTM. The gross profit margin improved significantly to 46.23% in TTM from 31.52% in 2024, indicating better cost management. However, the net profit margin slightly decreased to 14.22% in TTM from 16.06% in 2024, suggesting increased expenses or lower pricing power. The EBIT margin also decreased to 22.96% in TTM from 26.50% in 2024, reflecting potential operational challenges.75
Positive
Balance Sheet
The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.21 in TTM, indicating prudent financial leverage. The return on equity is robust at 15.95% in TTM, though slightly down from 17.69% in 2024, showing effective use of equity to generate profits. The equity ratio remains stable, reflecting a solid capital structure.80
Positive
Cash Flow
Renaissancere Holdings exhibits strong cash flow performance with a 7.07% growth in free cash flow in TTM, indicating efficient cash generation. The free cash flow to net income ratio remains at 1.0, demonstrating consistent cash conversion. The operating cash flow to net income ratio is not available for TTM, but previous periods show strong cash flow coverage.85
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.07B | 11.65B | 9.09B | 5.05B | 5.27B | 5.16B |
| Gross Profit | 5.60B | 3.67B | 9.09B | 5.12B | 174.46M | 5.16B |
| EBITDA | 2.79B | 3.01B | 3.28B | -1.20B | -126.27M | 1.07B |
| Net Income | 1.73B | 1.87B | 2.53B | -1.06B | -40.88M | 762.40M |
Balance Sheet | ||||||
| Total Assets | 54.50B | 50.71B | 49.01B | 36.55B | 33.96B | 30.82B |
| Cash, Cash Equivalents and Short-Term Investments | 1.70B | 6.21B | 6.48B | 5.86B | 7.16B | 6.73B |
| Total Debt | 2.23B | 1.89B | 1.96B | 1.17B | 1.17B | 1.14B |
| Total Liabilities | 35.53B | 33.16B | 33.45B | 26.69B | 23.78B | 19.87B |
| Stockholders Equity | 11.50B | 10.57B | 9.45B | 5.33B | 6.62B | 7.56B |
Cash Flow | ||||||
| Free Cash Flow | 4.17B | 4.16B | 1.91B | 1.12B | 2.05B | 4.30B |
| Operating Cash Flow | 4.17B | 4.16B | 1.91B | 1.60B | 1.23B | 1.99B |
| Investing Cash Flow | -1.99B | -3.06B | -3.82B | -3.02B | -816.30M | -2.30B |
| Financing Cash Flow | -1.93B | -1.29B | 2.59B | 725.34M | -302.46M | 665.21M |
Renaissancere Holdings Technical Analysis
Positive
269.45
Price Trends
250.44
Positive
245.79
Positive
242.70
Positive
Market Momentum
3.59
Negative
65.44
Neutral
89.26
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNR, the sentiment is Positive. The current price of 269.45 is above the 20-day moving average (MA) of 253.21, above the 50-day MA of 250.44, and above the 200-day MA of 242.70, indicating a bullish trend. The MACD of 3.59 indicates Negative momentum. The RSI at 65.44 is Neutral, neither overbought nor oversold. The STOCH value of 89.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RNR.
Renaissancere Holdings Risk Analysis
Renaissancere Holdings disclosed 35 risk factors in its most recent earnings report. Renaissancere Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Renaissancere Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $2.58B | 5.86 | 17.62% | ― | 22.79% | -5.17% | |
79 Outperform | $12.33B | 7.36 | 14.98% | 0.60% | -3.96% | -48.08% | |
69 Neutral | $2.27B | 12.25 | 8.09% | ― | 7.87% | -4.68% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $12.31B | 14.48 | 7.19% | 1.90% | 2.10% | 19.23% | |
62 Neutral | $13.52B | 23.89 | 3.59% | 2.48% | 8.62% | -78.92% | |
61 Neutral | $417.72M | ― | -0.28% | ― | 5.83% | -101.38% |
* Financial Sector Average
RNR
Renaissancere Holdings
269.45
3.04
1.14%
EG
Everest Group
326.14
-33.99
-9.44%
GLRE
Greenlight Capital Re
12.97
-1.79
-12.13%
RGA
Reinsurance Group
190.44
-29.70
-13.49%
SPNT
SiriusPoint
19.82
5.69
40.27%
HG
Hamilton Insurance Group, Ltd. Class B
26.08
8.28
46.52%
Renaissancere Holdings Corporate Events
RenaissanceRe Reports Strong Q3 2025 Financial Results
Oct 30, 2025
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance, specializing in property, casualty, and specialty reinsurance solutions, with a strong presence in various international markets.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.