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RNR's Q4 results benefit from account renewals as a result of the Validus buyout and higher yields from the fixed maturity portfolio, partly offset by an increase in claim expenses.
RenaissanceRe Holdings shares gained 21% over the past year but fell 10% recently due to concerns about hurricane and wildfire losses. Despite strong earnings, RNR's performance lagged the market, and ongoing catastrophe risks justify maintaining a "hold" rating. 2024's catastrophe losses were higher but normalized, and 2025 is expected to be worse due to California wildfires.
While the top- and bottom-line numbers for RenaissanceRe (RNR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
RenaissanceRe (RNR) came out with quarterly earnings of $8.06 per share, beating the Zacks Consensus Estimate of $7.61 per share. This compares to earnings of $11.77 per share a year ago.
RNR's fourth-quarter results are expected to benefit from increased demand for reinsurance and a favorable rate environment.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for RenaissanceRe (RNR), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
RenaissanceRe (RNR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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RNR is expected to benefit from rising premiums, business expansions and strategic divestitures.
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