RNR Stock Recent News

RenaissanceRe (RNR) is expected to benefit from rising premiums, net investment income, and underwriting capabilities.

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

RenaissanceRe's book value per share continues to increase, indicating strong financial performance. The company's net investment income increased by over 50% in the first quarter, thanks to an expanded investment portfolio. RenaissanceRe's preferred shares offer a decent risk/reward ratio, with yields of 6.1% and 5.8% for different series.

RenaissanceRe's (RNR) improving yields from its fixed maturity and short-term portfolios amid a high interest rate environment are expected to enhance its net investment income.

RenaissanceRe (RNR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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.