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RenaissanceRe Holdings Ltd - RNR STOCK NEWS

Welcome to our dedicated news page for RenaissanceRe Holdings (Ticker: RNR), a resource for investors and traders seeking the latest updates and insights on RenaissanceRe Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RenaissanceRe Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RenaissanceRe Holdings's position in the market.

Rhea-AI Summary
RenaissanceRe Holdings (RNR) will host a conference call on May 1, 2024, to discuss its first-quarter financial results and outlook. The call will be webcast live and archived for later viewing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
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Rhea-AI Summary
RenaissanceRe Holdings Ltd. (RNR) has announced a 2.6% increase in its quarterly dividend to $0.39 per common share, marking the twenty-ninth consecutive year of dividend increases since its initial public offering. The dividend is payable on March 29, 2024, to shareholders of record on March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.02%
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dividends
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Rhea-AI Summary
RenaissanceRe Holdings Ltd. (NYSE: RNR) reported $2.5 billion of annual net income available to common shareholders and $1.8 billion of annual operating income available to common shareholders in 2023. The company achieved an annualized return on average common equity of 83.5% and an annualized operating return on average common equity of 33.0%. The combined ratio was 76.0% and the adjusted combined ratio was 73.6%. Fee income increased by 133.2% from Q4 2022, reaching $70.8 million. Net investment income also saw a significant increase of 78.5% from Q4 2022, reaching $377.0 million. The company raised $1.2 billion of third-party capital in the Capital Partners unit, with a further $494.8 million raised from third-party investors effective January 1, 2024. The acquisition of Validus Holdings, Ltd. has exceeded expectations and positioned the company for continued exceptional shareholder value.
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Rhea-AI Sentiment
End-of-Day
6.4%
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Rhea-AI Summary
RenaissanceRe Holdings Ltd. (NYSE: RNR) will hold an investment community conference call on January 31, 2024, to discuss its financial results for Q4 and year-end 2023, as well as the company’s outlook. The live webcast will be available on the company's website, with an archive available until February 7, 2024.
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Rhea-AI Sentiment
End-of-Day
0.4%
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Rhea-AI Summary
RenaissanceRe Holdings Ltd. (NYSE: RNR) announces quarterly dividend of $0.38 per common share, payable on December 29, 2023, to shareholders of record on December 15, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
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Rhea-AI Summary
RenaissanceRe Holdings Ltd. has completed the acquisition of Validus Re from American International Group, Inc. The company reported an annualized return on average common equity of 11.5% and an annualized operating return on average common equity of 25.0%. The overall combined ratio was 78.0%. Fee income increased by 150.9% from Q3 2022 to $64.6 million, and net investment income increased by 108.6% to $329.1 million.
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Rhea-AI Sentiment
End-of-Day
-8.09%
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Rhea-AI Summary
RenaissanceRe Holdings Ltd. has completed its acquisition of Validus Re, the treaty reinsurance business of AIG. The acquisition includes Validus Reinsurance Ltd., AlphaCat Managers Ltd., and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot. The transaction accelerates RenaissanceRe's strategy, expands its ability to match efficient capital to desirable risk, and positively impacts its three drivers of profit. Sidley Austin LLP and Oxbow Partners acted as legal counsel and integration consultant, respectively.
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Rhea-AI Sentiment
End-of-Day
3.36%
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Rhea-AI Summary
RenaissanceRe Holdings Ltd. will release its financial results for Q3 2023 on November 1, 2023, and conduct a conference call on November 2, 2023, to discuss the results and outlook.
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Rhea-AI Sentiment
End-of-Day
-0.32%
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Rhea-AI Summary
AM Best affirms RenaissanceRe's Financial Strength Rating of A+ and Long-Term Issuer Credit Ratings of aa-. DaVinci and Vermeer also affirmed. RenaissanceRe's exposure to catastrophe losses is a concern, but it benefits from broad-based pricing improvement. DaVinci and Vermeer have strong balance sheet strength and very strong ERM. RenaissanceRe's Long-Term IRs affirmed with stable outlooks.
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Rhea-AI Sentiment
End-of-Day
1.28%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.05%
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dividends
RenaissanceRe Holdings Ltd

NYSE:RNR

RNR Rankings

RNR Stock Data

11.37B
51.52M
1.9%
99.43%
1.72%
Reinsurance Carriers
Finance and Insurance
Link
Bermuda
12 Crow Lane

About RNR

founded in bermuda in 1993, renaissancere has offices around the globe and is one of the world’s largest and most successful catastrophe reinsurers. renaissancere is also a leading provider of casualty and specialty reinsurance across a wide range of products. we participate selectively in the insurance market through renaissancere syndicate 1458 at lloyd’s. in addition, we create and manage joint ventures and structured products that enable others to partner with and invest alongside us. our largest joint ventures include davinci reinsurance ltd. and top layer reinsurance ltd. our management expertise, disciplined underwriting approach, sophisticated risk models and responsive client service have earned us a reputation for excellence throughout our industry. this success has also led us to achieve a consistent record of exceptional financial performance for renaissancere’s shareholders.