RenaissanceRe 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.

RenaissanceRe Holdings Ltd.

RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving.  

Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval.  

We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most.  Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild. 

Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives. 

RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business.  

Essent Group

Catalina Holdings

RenaissanceRe

ClimateWise has released its 2023 Principles Independent Review, highlighting the insurance industry’s continued focus on quality sustainability reporting and actions to facilitate the transition to a low carbon economy. Hear from RenaissanceRe CEO and ClimateWise Chair Kevin O’Donnell, and access the full report here: https://lnkd.in/ebFKXZ5U
Cambridge Institute for Sustainability Leadership (CISL) Centre for Sustainable Finance

Are you a Bermudian college or university student interested in a dynamic career in reinsurance? We are now accepting applications for our 2024 Summer internship program. 

From Accounting and Claims to Operations and Underwriting, our interns gain exposure to a variety of teams and functions. Apply by February 29, 2024 here: https://lnkd.in/e4gV_kuG

Learn more about life at RenaissanceRe: https://careers.renre.com/

To our colleagues, customers and partners—thank you for your continued commitment to RenaissanceRe. 

Happy New Year!

We are now accepting applications for the 2024 RenaissanceRe Undergraduate Scholarship. 

Throughout our history, we have been proud to support over 20 students, including Xavier Ramsay, 2023 RenaissanceRe Scholar and Intern, who recently said, “The RenaissanceRe Undergraduate Scholarship has provided me with the resources to continue my post-secondary studies in pursuit of a career where I can support the community around me. I encourage qualified students to apply for this opportunity!”

Our scholarship recipients have gone on to achieve great things, from successful careers in reinsurance to postgraduate education and even Rhodes Scholarships. Learn more: https://lnkd.in/eU6i_yHP

We are delighted to share that Fiona Walden, Chief Underwriting Officer - Casualty & Specialty, has been named to the 2023 Bermuda:Re+ILS Women in Hamilton report, highlighting trailblazing women in the (re)insurance industry. 
Read the interview for her leadership advice and thoughts on building a rewarding career in (re)insurance: https://lnkd.in/ekCCrzRh

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	1.36B -	1.23B 9.08%	1.49B 21.12%	1.73B 15.54%	2.10B 21.36%	2.06B 1.87%	4.18B 103.20%	5.16B 23.37%	5.27B 2.14%	5.05B 4.11%	9.09B 80.05%
cost of revenue											9.07B -
gross profit	1.36B -	1.23B 9.08%	1.49B 21.12%	1.73B 15.54%	2.10B 21.36%	2.06B 1.87%	4.18B 103.20%	5.16B 23.37%	5.27B 2.14%	5.05B 4.11%	24.05M 99.52%
selling and marketing expenses
general and administrative expenses	224.73M -	213.63M 4.94%	296.23M 38.67%	235.15M 20.62%	179.35M 23.73%	212.25M 18.34%	316.86M 49.28%	303.66M 4.17%	253.34M 16.57%	323.47M 27.68%
selling general and administrative expenses	224.73M -	213.63M 4.94%	296.23M 38.67%	235.15M 20.62%	179.35M 23.73%	212.25M 18.34%	316.86M 49.28%	303.66M 4.17%	253.34M 16.57%	323.47M 27.68%
research and development expenses
other expenses	314.27M -	359.37M 14.35%	722.77M 101.12%	861.85M 19.24%	2.25B 161.37%	1.60B 28.98%	-3.73B 333.44%	-4.69B 25.68%	-5.58B 18.89%	69.75M 101.25%	2.50B 3,486.84%
cost and expenses	516.25M -	547.14M 5.98%	998.25M 82.45%	1.10B 9.84%	2.42B 121.05%	1.79B 25.99%	3.21B 79.01%	4.16B 29.52%	5.38B 29.34%	6.27B 16.52%	5.98B 4.58%
operating expenses	539M -	573M 6.31%	1.02B 77.84%	1.10B 7.65%	2.43B 121.70%	1.81B 25.49%	-3.42B 288.61%	-4.39B 28.45%	-5.33B 21.34%	69.75M 101.31%	2.50B 3,486.84%
interest expense	17.93M -	17.16M 4.27%	35.67M 107.82%	42.14M 18.15%	44.19M 4.86%	47.07M 6.51%	58.36M 24.00%	50.45M 13.55%	47.54M 5.78%	48.34M 1.68%	73.18M 51.40%
ebitda	761.84M -	598.26M 21.47%	439.18M 26.59%	574.75M 30.87%	-120.47M 120.96%	268.25M 322.68%	702.10M 161.73%	781.71M 11.34%	-82.69M 110.58%	-1.08B 1,207.61%	2.53B 333.59%
operating income	710.25M -	550.49M 22.49%	421.00M 23.52%	545.45M 29.56%	-151.71M 127.81%	268.13M 276.74%	761.06M 183.84%	765.05M 0.52%	-61.70M 108.07%	-1.05B 1,608.74%	2.53B 339.56%
depreciation and amortization	51.60M -	47.77M 7.41%	18.18M 61.95%	29.30M 61.20%	31.24M 6.61%	123K 99.61%	-58.96M 48,038.21%	16.65M 128.24%	-20.99M 226.04%	-26.95M 28.40%	-134.75M 400.01%
total other income expenses net	-2.36M -	-423K 82.07%	13.47M 3,284.87%	14.18M 5.24%	9.41M 33.59%	5.97M 36.60%	206.42M 3,358.17%	230.87M 11.84%	-52.41M 122.70%	-164.49M 213.89%	-6.15M 96.26%
income before tax	841.04M -	686.86M 18.33%	496.38M 27.73%	630.39M 27.00%	-328.18M 152.06%	262.62M 180.02%	967.48M 268.40%	995.92M 2.94%	-114.11M 111.46%	-1.22B 968.14%	3.11B 355.17%
income tax expense	1.69M -	608K 64.07%	-45.87M 7,643.75%	340K 100.74%	26.49M 7,690.29%	-6.30M 123.79%	17.21M 373.17%	2.86M 83.37%	-10.67M 472.75%	-59.02M 453.23%	-510.07M 764.24%
net income	690.62M -	532.72M 22.86%	431.19M 19.06%	502.96M 16.64%	-222.39M 144.22%	227.36M 202.24%	748.80M 229.34%	762.40M 1.82%	-103.44M 113.57%	-1.16B 1,021.25%	2.56B 320.82%
weighted average shs out	43.35M -	39.42M 9.05%	43.16M 9.47%	41.31M 4.27%	39.85M 3.53%	39.73M 0.31%	43.12M 8.52%	47.10M 9.24%	47.17M 0.14%	43.04M 8.76%	47.49M 10.35%
weighted average shs out dil	44.13M -	39.97M 9.43%	43.53M 8.90%	41.56M 4.52%	39.85M 4.10%	39.76M 0.25%	43.17M 8.60%	47.18M 9.27%	47.17M 0.01%	43.04M 8.76%	47.61M 10.61%
eps	15.14 -	12.77 15.65%	9.36 26.70%	11.50 22.86%	-5.58 148.52%	5.72 202.51%	16.32 185.31%	15.34 6.00%	-2.19 114.28%	-26.95 1,130.59%	52.40 294.43%
epsdiluted	14.87 -	12.60 15.27%	9.28 26.35%	11.43 23.17%	-5.58 148.82%	5.72 202.51%	16.29 184.79%	15.31 6.02%	-2.19 114.30%	-26.95 1,130.59%	52.27 293.95%

NYSE:RNR

RenaissanceRe Holdings Ltd.

Last Close

226.85

17/05 20:00

Market Cap

11.20B

Beta: 0.43

Volume Today

175.60K

Avg: 317.79K

PE Ratio

5.42

PFCF: 10.99

Dividend Yield

0.67%

Payout:3.72%