Renaissancere Holdings Ltd reports results for the quarter ended in March - Earnings Summary

RenaissanceRe Holdings

03/05/2023 01:13

* Renaissancere Holdings Ltd  RNR.N  reported quarterly
adjusted
earnings of $8.16​​ per share for the quarter ended in March.
The mean expectation of ten analysts for the quarter was
for earnings of $7.24 per share.
    * Revenue rose 151.6% to $2.21 billion from a year ago;
analysts
expected $1.80 billion. 
    * Renaissancere Holdings Ltd's reported EPS for the quarter
was
$12.91​.
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Renaissancere Holdings Ltd shares had risen by 7.5% this
quarter and gained 16.9% so far this year.
    * The company reported quarterly net income of $564.06
million.
    * Wall Street's median 12-month price target for
Renaissancere
Holdings Ltd is $239.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 12:13 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      7.24           8.16           Beat
 Dec. 31 2022      6.40           7.33           Beat
 Sep. 30 2022      -7.74          -9.27          Missed
 Jun. 30 2022      5.11           5.51           Beat