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RenaissanceRe Holdings Ltd. Announces Thirtieth Consecutive Annual Increase in Quarterly Dividend and Renewal of Share Repurchase Program

1. RenaissanceRe's dividend increased from $0.39 to $0.40 per share. 2. Company has maintained annual dividend increases for 30 years. 3. The authorized share repurchase program totals $750 million. 4. Repurchases depend on market price and capital requirements.

Shares Buyback
+2.96%Current Return
VS
+0.34%S&P 500
$23402/05 05:00 PM EDTEvent Start
$240.9202/06 11:34 PM EDTLatest Updated
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FAQ

Why Bullish?

The consistent dividend increase signals financial stability, likely boosting investor confidence. Past increases usually resulted in positive market reactions for RNR.

How important is it?

The article highlights significant financial moves, emphasizing RNR’s commitment to shareholders. Such actions typically correlate with positive market sentiment.

Why Short Term?

Immediate recognition of the dividend hike may drive short-term price appreciation. Similar past announcements have seen quick upward movements.

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RNR
PEMBROKE, Bermuda--(BUSINESS WIRE)--The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) today voted to increase the Company’s quarterly dividend to $0.40 per common share, from $0.39 per common share. The Company has increased its dividend during each of the thirty years since its initial public offering. The dividend is payable on March 31, 2025, to shareholders of record on March 14, 2025. In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the total current authorization up to $750.0 million, which includes the remaining amounts under prior authorizations. The program will expire when the Company has repurchased the full value of the shares authorized, unless terminated earlier by the Board of Directors. Pursuant to the program, RenaissanceRe may repurchase shares through open market purchases and privately negotiated transactions, and the decision to repurchase common shares will depend on, among other things, the market price of the common shares and the Company’s capital requirements. About RenaissanceRe RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching desirable risk with efficient capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, RenaissanceRe has offices in Bermuda, Australia, Canada, Ireland, Singapore, Switzerland, the United Kingdom and the United States. Cautionary Statement Regarding Forward-Looking Statements Any forward-looking statements made in this Press Release, including any statements regarding any future results of operations and financial positions, business strategy, plan and any objectives for future operations, reflect RenaissanceRe’s current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous factors that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements, including the factors affecting future results disclosed in RenaissanceRe’s filings with the SEC, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

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