RNR Stock Recent News

RenaissanceRe Holdings Ltd. (NYSE:RNR ) Q1 2024 Earnings Call Transcript May 1, 2024 10:00 AM ET Company Participants Keith McCue - Senior Vice President of Finance and Investor Relations Kevin O'Donnell - President and Chief Executive Officer Robert Qutub - Executive Vice President & Chief Financial Officer David Marra - Executive Vice President and Group Chief Underwriting Officer Conference Call Participants Elyse Greenspan - Wells Fargo Meyer Shields - KBW Ryan Tunis - Autonomous Research Joshua Shanker - Bank of America Yaron Kinar - Jefferies Brian Meredith - UBS Mike Zaremski - BMO Charlie Lederer - Citigroup David Motemaden - Evercore ISI Operator Good morning.

RenaissanceRe's (RNR) first-quarter results reflect a solid underwriting performance and improved investment income. A rise in expenses partially offsets its quarterly results.

Although the revenue and EPS for RenaissanceRe (RNR) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

RenaissanceRe (RNR) came out with quarterly earnings of $12.18 per share, beating the Zacks Consensus Estimate of $9.86 per share. This compares to earnings of $8.16 per share a year ago.

RenaissanceRe (RNR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) will conduct an investment community conference call on Wednesday, May 1, 2024, at 10:00 a.m. ET to discuss its financial results for the first quarter of 2024, as well as the Company's outlook. RenaissanceRe will release its results following the close of market on Tuesday, April 30, 2024. A live webcast of the conference call will be available through the Investors section of Renaiss.

RenaissanceRe's (RNR) rising premiums earned and investment income are major growth drivers.

RenaissanceRe (RNR) reported earnings 30 days ago. What's next for the stock?

Renaissance Re is one of the largest reinsurance businesses in the world, providing insurance backup for insurers. The reinsurance market is experiencing growth due to factors such as environmental impact, economic growth, and regulation. Renaissance Re stands out in the industry with its focus on Property & Casualty reinsurance and its aggressive growth strategy through mergers and acquisitions.

RenaissanceRe's (RNR) fourth-quarter results reflect a solid underwriting performance and improved investment income. A rise in expenses partially offsets its quarterly results.