RenaissanceRe Q2 adjusted EPS beats estimates

RenaissanceRe Holdings

23/07/2025 21:46

Overview

RenaissanceRe Q2 net income $826.5 mln, operating income $594.6 mln

The reinsurer's adjusted EPS of $12.29 beats analyst expectations, per LSEG data

Co repurchased 1.6 mln shares, costing $376.4 mln, avg price $242.18

Outlook

Company expects favorable underwriting and investment environments to continue

Result Drivers

UNDERWRITING PERFORMANCE - Strong underwriting results in property segment driven by successful renewals and favorable prior year claims development

FEE INCOME - Increase in performance fees due to positive underwriting results and favorable development in DaVinci and Upsilon

INVESTMENT GAINS - Significant realized and unrealized gains from fixed maturity investments and derivatives contributed to total investment result

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross Premiums
$3.42 bln
Q2 Adjusted EPS
Beat
$12.29
$9.84 (12 Analysts)
Q2 Combined Ratio
75.1%
Q2 Fee Income
$95 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 2 "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 $265.50, about 10.7% above its July 22 closing price of $237.13

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBwc3QFGba

(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.)