NYSE$RNR
RenaissanceRe Holdings Ltd · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Reported a net loss and operating income, driven by investment losses and hurricane impact, but demonstrated resilience through strong underwriting performance and fee income.
RenaissanceRe reported a net loss of $198.5 million for Q4 2024, influenced by mark-to-market losses and the impact of Hurricane Milton. However, the company achieved an operating income of $406.9 million, supported by underwriting income and fee income growth.
- Reported a net loss attributable to common shareholders of $198.5 million, or $(3.95) per diluted common share.
- Achieved operating income available to common shareholders of $406.9 million, or $8.06 per diluted common share.
- Combined ratio of 91.7% and adjusted combined ratio of 89.4%.
- Net investment income increased to $428.8 million, up 13.8% from Q4 2023.
Headline financials
Revenue & EPS history
RenaissanceRe · Revenue · Quarterly
$2.29B
Revenue by segment
RenaissanceRe · $970M total across 2 segments · Q4 2019
- Casualty & Specialty$503M—51.8%
- Property$467M—48.2%
Forward guidance
RenaissanceRe anticipates leveraging its strong capital and liquidity to capitalize on emerging opportunities, enhance its market leadership, and deliver superior shareholder value.
Tailwinds
- Strong capital and liquidity positions will allow capture of additional opportunities.
- Long-term partnership approach rewarded with preferential signings.
- Attractive underwriting book retained.
- Demonstrated relevance to customers through rapid claim payments.
- Delivered another strong year with growth in tangible book value per share plus change in accumulated dividends.
Headwinds
- California wildfires are expected to have a pre-tax net negative impact of approximately $750 million in Q1 2025.
- Preliminary assessment of the impact from the California wildfires is based on initial industry insured loss estimates and market share analysis.
- Difficult to provide an accurate estimate of the financial impact of the California wildfires due to the preliminary nature of the information.
- Net realized and unrealized losses on investments increased by $1.2 billion.
- Hurricane Milton had a net negative impact of $270.5 million on net income.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-0.2%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+2.4%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+8.8%
Q4 2022
Best reaction
-8.6%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | -2.7% | -9.8% | |
| Q4 2025 | +5.0% | +1.1% | +4.5% | |
| Q3 2025 | +7.2% | +10.5% | +12.8% | |
| Q1 2025 | -5.0% | +0.9% | -0.4% | |
| Q4 2024 | -8.6% | -10.4% | -8.3% | |
| Q3 2024 | -1.3% | -1.7% | +3.9% | |
| Q2 2024 | -2.8% | +0.5% | +11.6% | |
| Q1 2024 | -1.5% | -1.5% | +2.7% | |
| Q4 2023 | +6.7% | +5.5% | +4.8% | |
| Q3 2023 | -5.0% | -5.7% | -2.9% | |
| Q2 2023 | -5.5% | -7.3% | -9.7% | |
| Q1 2023 | -0.4% | -4.2% | -12.5% | |
| Q4 2022 | +8.8% | +7.0% | +11.2% | |
| Q3 2022 | +4.2% | +18.2% | +18.2% | |
| Q2 2022 | -3.3% | -7.3% | -2.9% | |
| Q1 2022 | +0.8% | +0.6% | +5.6% | |
| Q4 2021 | -3.5% | -5.7% | -9.1% | |
| Q3 2021 | +4.3% | -3.9% | +10.6% | |
| Q2 2021 | -1.7% | -0.4% | +7.1% | |
| Q1 2021 | -3.8% | -3.2% | -10.7% | |
| Q4 2020 | -2.3% | -5.0% | -5.3% | |
| Q3 2020 | -6.2% | -7.5% | -2.0% | |
| Q2 2020 | +2.3% | +1.8% | +4.8% | |
| Q1 2020 | +3.6% | +11.5% | +31.7% | |
| Q4 2019 | +1.3% | +3.2% | -8.3% | |
| Q3 2019 | +1.4% | +2.2% | +4.6% | |
| Q2 2019 | +1.1% | +4.6% | +5.7% | |
| Q1 2019 | +4.3% | +7.2% | +14.5% | |
| Q4 2018 | +3.9% | +3.9% | +10.2% | |
| Q3 2018 | -2.5% | -0.9% | +4.4% | |
| Q2 2018 | +3.0% | +6.9% | +5.9% | |
| Q1 2018 | -4.9% | -6.4% | -9.8% | |
| Q4 2017 | +2.3% | +0.5% | -1.2% | |
| Q3 2017 | -2.9% | -0.6% | -5.4% | |
| Q2 2017 | +1.4% | -0.3% | -1.3% | |
| Q1 2017 | -2.0% | -1.1% | +2.0% | |
| Q4 2016 | +3.5% | +3.3% | +9.3% | |
| Q3 2016 | -0.2% | -0.1% | +5.1% | |
| Q2 2016 | +0.7% | +1.1% | +0.5% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | +3.0% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | +5.4% | — | — | |
| Q3 2014 | -1.3% | — | — | |
| Q2 2014 | -6.6% | — | — | |
| Q1 2014 | +0.5% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | -1.5% | — | — | |
| Q1 2013 | -2.4% | — | — | |
| Q4 2012 | -1.3% | — | — | |
| Q3 2012 | -5.0% | — | — | |
| Q2 2012 | -4.0% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q3 2011 | +0.7% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q1 2011 | +3.5% | — | — | |
| Q4 2008 | +0.3% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q3 2009 | +0.1% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q4 2009 | -2.7% | — | — | |
| Q2 2010 | -2.7% | — | — | |
| Q2 2009 | -2.7% | — | — |
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