Reinsurer RenaissanceRe's Q3 net income drops to $907.7 mln

RenaissanceRe Holdings

28/10/2025 20:44

Overview

RenaissanceRe's Q3 net income falls to $907.7 mln from $1.17 bln, while operating income rises

Company achieves combined ratio of 68.4%, reflecting improved underwriting performance

Fee income rises 24.1% yr/yr, driven by positive underwriting results

Outlook

RenaissanceRe did not provide specific financial guidance for future quarters or the full year

Result Drivers

CATASTROPHE PREMIUM GROWTH - 21.9% underlying growth in catastrophe class gross premiums written, primarily in U.S. catastrophe-exposed business

LOW CATASTROPHE LOSSES - Improved net claims and claim expense ratio due to low catastrophe losses in Q3 2025

INCREASED FEE INCOME - Fee income up 24.1% from Q3 2024, driven by positive underwriting results and favorable development in DaVinci

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Gross Premiums
$2.32 bln
Q3 Combined Ratio
68.40%
Q3 Fee Income
$101.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the reinsurance peer group is "buy."

Wall Street's median 12-month price target for Renaissancere Holdings Ltd is $278.00, about 12.9% above its October 27 closing price of $242.27

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw6d47mqa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)