RenaissanceRe's Q4 net income rises, combined ratio improves

RenaissanceRe Holdings

03/02/2026 21:27

Overview

Reinsurance provider's Q4 net income rises, driven by strong underwriting and investment results

Company's Q4 combined ratio improved to 71.4%, reflecting strong underwriting performance

Company repurchased $650.5 mln of shares in Q4, reducing share count by 5.5%

Outlook

Company expects strong fee and investment income to drive long-term shareholder value in 2026

RenaissanceRe aims to generate returns exceeding cost of capital with targeted underwriting

Company plans robust capital management to support growth in 2026

Result Drivers

UNDERWRITING PERFORMANCE - Q4 combined ratio improved to 71.4%, driven by strong underwriting results, particularly in the property segment despite Hurricane Melissa's impact

INVESTMENT GAINS - Total investment result of $654.0 mln, including significant gains from commodity and equity-related investments

FEE INCOME GROWTH - Fee income increased by 31.8% from Q4 2024, driven by strong performance fee income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Gross Premiums
$1.84 bln
Q4 Combined Ratio
71.40%
Q4 Fee Income
$101.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the reinsurance peer group is "hold"

Wall Street's median 12-month price target for Renaissancere Holdings Ltd is $289.00, about 1.6% above its February 2 closing price of $284.50

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw2d1W30a

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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.)