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Renaissancere Holdings Ltd Stock Research

RNR

203.28USD-1.97(-0.96%)Delayedas of 21 Sep 2023, 12:28 pm
Watchlist

Market Summary

USD203.28-1.97
Delayedas of 21 Sep 2023, 12:28 pm
-0.96%

RNR Alerts

RNR Stock Price

RNR RSI Chart

RNR Valuation

Market Cap

10.5B

Price/Earnings (Trailing)

25.42

Price/Sales (Trailing)

1.41

EV/EBITDA

16.27

Price/Free Cashflow

5.36

RNR Price/Sales (Trailing)

RNR Profitability

EBT Margin

1.20%

Return on Equity

-1.75%

Return on Assets

-0.27%

Free Cashflow Yield

18.67%

RNR Fundamentals

RNR Revenue

Revenue (TTM)

7.4B

Revenue Y/Y

113.76%

Revenue Q/Q

-15.96%

RNR Earnings

Earnings (TTM)

413.2M

Earnings Y/Y

163.24%

Earnings Q/Q

-65.11%

Price Action

52 Week Range

128.00223.80
(Low)(High)

Last 7 days

3.3%

Last 30 days

15.6%

Last 90 days

7.5%

Trailing 12 Months

43.6%

RNR Financial Health

Debt/Equity

0.19

Debt/Cashflow

1.7

RNR Investor Care

Dividend Yield

0.73%

Dividend/Share (TTM)

1.51

Shares Dilution (1Y)

16.64%

Diluted EPS (TTM)

8.07

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for RNR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-01
BRANAGAN IAN D
sold (taxes)
-1,094,030
189
-5,769
evp, group chief risk officer
2023-05-26
ODonnell Kevin
bought
2,499,840
192
13,020
pres & chief executive officer
2023-05-25
Klehm Henry III
gifted
-
-
-263
-
2023-05-09
Brosnan Sean G
acquired
-
-
1,900
svp, chief investment officer
2023-05-09
Fraser James Christopher
acquired
-
-
475
svp, chief accounting officer
2023-05-09
Jeworrek Torsten
acquired
-
-
783
-
2023-03-10
Curtis Ross
back to issuer
-
-
-4,255
evp,chief portfolio officer
2023-03-10
BRANAGAN IAN D
back to issuer
-
-
-4,010
evp, group chief risk officer
2023-03-10
ODonnell Kevin
back to issuer
-
-
-11,248
pres & chief executive officer
2023-03-10
Qutub Robert
back to issuer
-
-
-4,038
evp, chief financial officer

1–10 of 50

Which funds bought or sold RNR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
-28.00
373
-%
2023-09-07
ST GERMAIN D J CO INC
sold off
-
-
-
-%
2023-09-05
Covenant Partners, LLC
sold off
-100
-206,751
-
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
sold off
-100
-801,360
-
-%
2023-08-21
BOKF, NA
added
5.2
-27,533
1,312,540
0.03%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
10.99
365,156
11,322,000
0.02%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
23.1
205,000
1,610,000
0.02%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-41.4
-1,120,040
1,345,150
-%
2023-08-17
Orion Portfolio Solutions, LLC
reduced
-2.47
-35,806
353,455
-%
2023-08-17
STANSBERRY ASSET MANAGEMENT, LLC
reduced
-18.62
-1,795,450
5,613,320
1.03%

1–10 of 46

Latest Funds Activity

Are funds buying RNR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own RNR
No. of Funds

Schedule 13G FIlings of Renaissancere Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
7.1%
3,105,292
SC 13G/A
Feb 13, 2023
capital world investors
4.5%
1,983,968
SC 13G/A
Feb 09, 2023
vanguard group inc
10.52%
4,597,369
SC 13G/A
Feb 07, 2023
state street corp
5.55%
2,425,084
SC 13G/A
Jan 31, 2023
state farm mutual automobile insurance co
5.49%
2,399,303
SC 13G/A
Jan 24, 2023
blackrock inc.
9.2%
4,026,028
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
8.0%
3,697,314
SC 13G
Feb 14, 2022
state street corp
5.26%
2,418,598
SC 13G/A
Feb 11, 2022
capital world investors
5.3%
2,420,550
SC 13G
Feb 10, 2022
vanguard group inc
10.02%
4,611,480
SC 13G/A

Recent SEC filings of Renaissancere Holdings

View All Filings
Date Filed Form Type Document
Sep 06, 2023
4
Insider Trading
Jul 26, 2023
10-Q
Quarterly Report
Jul 25, 2023
8-K
Current Report
Jul 20, 2023
8-K
Current Report

Peers (Alternatives to Renaissancere Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.5B
55.3B
7.95% 14.06%
47.86
1.51
11.39% 104.72%
45.2B
50.4B
7.84% 18.06%
10.04
0.9
-9.25% -63.51%
29.9B
54.6B
8.41% -11.08%
-11.18
0.55
9.14% -383.17%
9.7B
7.5B
0.02% -5.61%
11.38
1.3
12.86% -17.26%
-
23.6B
3.56% 13.84%
-
-
5.78% -4.19%
38.7B
38.7B
4.54% 6.04%
17.31
1
8.33% -37.32%
25.2B
13.3B
0.67% 24.34%
20.79
1.9
12.64% 55.58%
MID-CAP
3.9B
1.3B
-1.00% 25.57%
14.29
3.05
41.34% 137.60%
10.5B
7.4B
15.58% 43.63%
25.42
1.41
62.27% 144.80%
SMALL-CAP
1.3B
348.9M
3.93% -38.51%
22.87
3.8
16.85% 25.90%
1.2B
1.4B
3.21% -21.40%
-111.97
0.86
3.44% -114.81%
1.0B
1.1B
7.76% -11.80%
108.04
0.88
-2.53% -76.30%
559.0M
901.0M
-0.73% -39.67%
12.05
0.62
14.76% 164.17%

Renaissancere Holdings News

Best Stocks
Investment Confidence and Dividend Announcement: Atria Wealth ....
Best Stocks,
29 hours ago
Investing.com Canada
StreetInsider.com
Form N-PX T. Rowe Price Global For: Jun 30.
StreetInsider.com,
21 days ago

Returns for RNR

Cumulative Returns on RNR

9.6%


10-Year Cumulative Returns

8.5%


7-Year Cumulative Returns

9.3%


5-Year Cumulative Returns

7.7%


3-Year Cumulative Returns

Risks for RNR

What is the probability of a big loss on RNR?

50.4%


Probability that Renaissancere Holdings stock will be more than 20% underwater in next one year

18.5%


Probability that Renaissancere Holdings stock will be more than 30% underwater in next one year.

0%


Probability that Renaissancere Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RNR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Renaissancere Holdings was unfortunately bought at previous high price.

Drawdowns

Financials for Renaissancere Holdings

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue15.3%7,4506,4636,3344,8524,5914,9175,1945,2485,0745,4305,1894,8994,6184,3084,2023,6453,2232,4642,0752,0182,023
Operating Expenses2.8%294286277245239225212214204195207230235245223217204182178149151
  S&GA Expenses23.4%58.0047.0047.0046.0045.0043.0041.0052.0090.0091.0097.0094.0059.0071.0094.0089.0082.0066.0034.0026.0024.00
EBITDA-100.0%-82.00-1,197-1,568-1,042-182-87.56-1895547001,063872903625967------
EBITDA Margin-100.0%-0.01*-0.19*-0.26*-0.18*-0.03*-0.02*-0.03*0.10*0.13*0.21*0.18*0.20*0.15*0.23*------
Interest Expenses6.2%52.0049.0048.0048.0048.0048.0048.0048.0047.0047.0050.0054.0058.0062.0058.0055.0051.0047.0047.0047.0047.00
Earnings Before Taxes801.9%76385.00-1,218-1,610-1,087-198-114-239489630996851897623967798736534263439-333
EBT Margin-100.0%-0.01*-0.19*-0.27*-0.18*-0.03*-0.02*-0.04*0.09*0.12*0.19*0.17*0.19*0.15*0.23*------
Net Income502.2%413-102-1,061-1,298-922-142-40.15-62.81433552762608599393749631628448227304-237
Net Income Margin100.0%--0.01*-0.17*-0.21*-0.16*-0.02*-0.01*-0.01*0.08*0.10*0.15*0.12*0.13*0.09*0.18*------
Free Cashflow-100.0%-1,8711,6041,3031,1691,1971,2351,4651,4711,7241,9932,2032,2102,2362,137------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets8.2%41,40038,27036,55335,93635,03434,84833,96033,53632,72732,23630,82130,99630,48027,46626,33025,64426,08724,56018,67617,09617,023
    Cash Equivalents-11.3%9441,0641,1941,2041,3981,5631,8591,4411,7901,2871,7371,2871,1868961,3798716711,0211,108453548
Liabilities4.7%28,32127,04726,69226,87924,94324,76723,78123,32921,85321,74819,87220,21819,74518,55017,28716,91417,46216,89611,57910,67610,670
  Long Term Debt66.5%1,9001,1411,2001,1701,1691,2001,1681,1001,1001,1371,1361,1361,1351,1351,3841,3831,3831,191991991990
Shareholder's Equity26.2%7,4035,8665,3254,8825,7396,1176,6246,7507,2187,0787,5607,3917,3475,6845,9715,9515,9135,5545,0454,8874,860
  Retained Earnings3.7%4,7904,6194,0713,6394,4814,8225,2335,0385,5055,0655,3745,2025,1724,6144,7114,6924,6704,3174,0584,1554,136
  Additional Paid-In Capital290.3%1,8254684764664795146089281,1541,4511,6231,6151,60350356856055254429642.0035.00
Shares Outstanding16.5%51.0044.0044.0044.0044.0044.0044.0047.0048.0050.0051.0051.0051.0044.0044.0044.0044.0044.0042.0040.0040.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations4.8%1,9611,8711,6041,3031,1691,1971,2351,4651,4711,7241,9932,2032,2102,2362,1371,5981,6571,6361,2221,3131,054
Cashflow From Investing-59.0%-5,241-3,296-3,016-1,943-1,890-757-816-904-458-2,237-2,304-2,704-2,639-2,902-2,988-2,811-3,191-2,447-2,536-1,991-1,601
Cashflow From Financing210.6%2,821908725370304-175-302-414-4129016659199415381,1201,6291,6601,1921,066556473
  Dividend Payments4.9%68.0065.0065.0065.0065.0066.0068.0069.0070.0071.0068.0066.0063.0060.0059.0058.0056.0054.0053.0052.0052.00
  Buy Backs-63.5%25.0069.001674906889531,02870448117263.0063.0063.0063.00------43.00

RNR Income Statement

2023-06-30
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Gross premiums written$ 2,651,621$ 2,464,639$ 5,441,882$ 5,407,603
Net premiums written2,195,8031,863,6164,459,5064,028,833
Decrease (increase) in unearned premiums(410,541)(407,233)(993,694)(1,086,025)
Net premiums earned1,785,2621,456,3833,465,8122,942,808
Net investment income292,662107,211547,040190,902
Net foreign exchange gains (losses)(13,488)(50,821)(27,991)(66,307)
Equity in earnings (losses) of other ventures7,7007,38317,230993
Other income (loss)3,876923(430)2,116
Net realized and unrealized gains (losses) on investments(222,781)(654,107)56,670(1,327,124)
Total revenues1,853,231866,9724,058,3311,743,388
Expenses    
Net claims and claim expenses incurred931,211706,2391,732,4111,547,972
Acquisition expenses422,545361,238854,802737,745
Operational expenses80,49172,520157,965140,427
Corporate expenses23,37112,35236,21424,854
Interest expense14,89511,89527,02923,850
Total expenses1,472,5131,164,2442,808,4212,474,848
Income (loss) before taxes380,718(297,272)1,249,910(731,460)
Income tax benefit (expense)(5,942)30,534(34,844)67,241
Net income (loss)374,776(266,738)1,215,066(664,219)
Net (income) loss attributable to redeemable noncontrolling interests(174,907)(49,331)(442,291)(37,419)
Net income (loss) attributable to RenaissanceRe199,869(316,069)772,775(701,638)
Dividends on preference shares(8,844)(8,844)(17,688)(17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$ 191,025$ (324,913)$ 755,087$ (719,326)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic (in dollars per share)$ 4.10$ (7.53)$ 16.75$ (16.64)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted (in dollars per share)4.09(7.53)16.71(16.64)
Dividends per common share (in dollars per share)$ 0.38$ 0.37$ 0.76$ 0.74

RNR Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets  
Fixed maturity investments trading, at fair value – amortized cost $16,398,682 at June 30, 2023 (December 31, 2022 – $15,038,551)$ 15,888,564$ 14,351,402
Short term investments, at fair value - amortized cost $6,374,957 at June 30, 2023 (December 31, 2022 - $4,671,581)6,373,9694,669,272
Equity investments, at fair value93,058625,058
Other investments, at fair value3,091,6862,494,954
Investments in other ventures, under equity method89,50579,750
Total investments25,536,78222,220,436
Cash and cash equivalents943,9351,194,339
Premiums receivable6,490,8865,139,471
Prepaid reinsurance premiums1,187,1771,021,412
Reinsurance recoverable4,689,3514,710,925
Accrued investment income147,824121,501
Deferred acquisition costs1,300,9921,171,738
Receivable for investments sold508,887350,526
Other assets358,863384,702
Goodwill and other intangible assets235,218237,828
Total assets41,399,91536,552,878
Liabilities  
Reserve for claims and claim expenses16,138,12815,892,573
Unearned premiums5,717,3024,559,107
Debt1,882,1011,170,442
Reinsurance balances payable3,780,4103,928,281
Payable for investments purchased547,974493,776
Other liabilities254,925648,036
Total liabilities28,320,84026,692,215
Commitments and contingencies
Redeemable noncontrolling interests5,676,2624,535,389
Shareholders’ Equity  
Preference shares: $1.00 par value – 30,000 shares issued and outstanding at June 30, 2023 (December 31, 2022 – 30,000)750,000750,000
Common shares: $1.00 par value – 51,182,221 shares issued and outstanding at June 30, 2023 (December 31, 2022 – 43,717,836)51,18243,718
Additional paid-in capital1,825,215475,647
Accumulated other comprehensive income (loss)(14,050)(15,462)
Retained earnings4,790,4664,071,371
Total shareholders’ equity attributable to RenaissanceRe7,402,8135,325,274
Total liabilities, noncontrolling interests and shareholders’ equity$ 41,399,915$ 36,552,878
Kevin J. O'Donnell
650
RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. The company distributes its products and services primarily through intermediaries. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.