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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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