Renaissancere Holdings Ltd reports results for the quarter ended December 31 - Earnings Summary

RenaissanceRe Holdings

28/01/2025 23:35

* Renaissancere Holdings Ltd  RNR.N  reported quarterly
adjusted
earnings of $8.06​​ per share for the quarter ended December 31,
lower than the same quarter last year, when the company reported
EPS of $11.77.  The mean expectation of thirteen analysts for
the quarter was for earnings of $7.03 per share. Wall Street
expected results to range from $4.91  to $8.38 per share.
    * Revenue rose 12.4% to $2.53 billion from a year ago;
analysts
expected $2.30 billion. 
    * Renaissancere Holdings Ltd's reported EPS for the quarter
was a
loss of $3.95​.
    * The company reported a quarterly loss of $198.5 million.
    * Renaissancere Holdings Ltd shares had risen by 5.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 also "hold"

Wall Street's median 12-month price target for Renaissancere
Holdings Ltd is $275.00 
This summary was machine generated from LSEG data January 28 at
11:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      7.03           8.06           Beat
 Sep. 30 2024      7.75           10.23          Beat
 Jun. 30 2024      10.65          12.41          Beat
 Mar. 31 2024      9.41           12.18          Beat