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RNRBullishEarningsnews
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Compared to Estimates, RenaissanceRe (RNR) Q2 Earnings: A Look at Key Metrics

Jul 24, 2024, 8:42 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

RenaissanceRe reported $2.95 billion revenue, up 41.8% year-over-year. EPS was $12.41, beating consensus by 14.06% with a $10.88 expectation. Net premiums earned $2.54 billion, exceeding estimates of $2.49 billion. Combined ratio improved to 81.1%, below analyst average estimate of 81.5%. Stock has a Zacks Rank #4, suggesting potential underperformance versus the market.

  • RenaissanceRe reported $2.95 billion revenue, up 41.8% year-over-year.
  • EPS was $12.41, beating consensus by 14.06% with a $10.88 expectation.
  • Net premiums earned $2.54 billion, exceeding estimates of $2.49 billion.
  • Combined ratio improved to 81.1%, below analyst average estimate of 81.5%.
  • Stock has a Zacks Rank #4, suggesting potential underperformance versus the market.

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