Welcome to our dedicated page for RenaissanceRe Holdings Ltd. news (Ticker: $RNR), a resource for investors and traders seeking the latest updates and insights on RenaissanceRe Holdings Ltd. stock.
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RenaissanceRe Holdings (NYSE: RNR) reported $364.8 million of net income available to common shareholders and $636.4 million of operating income available to common shareholders in Q1 2024. The company achieved an annualized return on average common equity of 16.4% and an annualized operating return on average common equity of 28.7%. Gross premiums written grew by 43.0%, with significant growth in the Property and Casualty and Specialty segments. Fee income increased by 86.6% from Q1 2023, and net investment income was up 53.6%. The Company's President and CEO, Kevin J. O’Donnell, highlighted strong profitability and growth, driven by successful renewals and partnerships.