Annual Income Statements for RenaissanceRe
This table shows RenaissanceRe's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for RenaissanceRe
This table shows RenaissanceRe's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
-825 |
448 |
564 |
191 |
194 |
1,577 |
365 |
495 |
1,174 |
-199 |
161 |
| Consolidated Net Income / (Loss) |
|
-1,189 |
693 |
840 |
375 |
417 |
1,989 |
618 |
729 |
1,633 |
-19 |
-25 |
| Net Income / (Loss) Continuing Operations |
|
-1,189 |
693 |
840 |
375 |
417 |
1,989 |
618 |
729 |
1,633 |
-19 |
-25 |
| Total Pre-Tax Income |
|
-1,186 |
699 |
869 |
381 |
426 |
1,434 |
634 |
708 |
1,735 |
-83 |
-71 |
| Total Revenue |
|
1,274 |
2,018 |
2,193 |
1,853 |
1,836 |
3,179 |
2,576 |
2,829 |
3,974 |
2,223 |
3,443 |
| Net Interest Income / (Expense) |
|
-12 |
-12 |
-12 |
0.00 |
0.00 |
-61 |
-23 |
0.00 |
0.00 |
-71 |
-27 |
| Total Interest Income |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
| Total Interest Expense |
|
12 |
12 |
12 |
0.00 |
0.00 |
61 |
23 |
0.00 |
0.00 |
71 |
27 |
| Long-Term Debt Interest Expense |
|
12 |
12 |
12 |
- |
- |
- |
23 |
- |
- |
- |
27 |
| Total Non-Interest Income |
|
1,287 |
2,031 |
2,205 |
1,853 |
1,836 |
3,240 |
2,599 |
2,829 |
3,974 |
2,293 |
3,470 |
| Other Service Charges |
|
2.83 |
7.69 |
-4.31 |
3.88 |
-5.87 |
0.14 |
-0.05 |
0.17 |
0.68 |
1.13 |
0.91 |
| Net Realized & Unrealized Capital Gains on Investments |
|
-483 |
399 |
529 |
64 |
86 |
991 |
156 |
287 |
1,390 |
-235 |
749 |
| Premiums Earned |
|
1,767 |
1,624 |
1,681 |
1,785 |
1,756 |
2,249 |
2,444 |
2,541 |
2,583 |
2,528 |
2,721 |
| Total Non-Interest Expense |
|
2,461 |
1,319 |
1,324 |
1,473 |
1,410 |
1,745 |
1,942 |
2,121 |
2,239 |
2,306 |
3,514 |
| Property & Liability Insurance Claims |
|
1,968 |
823 |
801 |
931 |
862 |
980 |
1,166 |
1,310 |
1,374 |
1,484 |
2,744 |
| Other Operating Expenses |
|
10 |
12 |
13 |
38 |
40 |
36 |
39 |
59 |
50 |
-13 |
23 |
| Amortization Expense |
|
418 |
413 |
432 |
423 |
426 |
594 |
631 |
644 |
690 |
678 |
647 |
| Other Special Charges |
|
65 |
72 |
77 |
80 |
83 |
134 |
106 |
108 |
125 |
157 |
100 |
| Income Tax Expense |
|
2.81 |
5.41 |
29 |
5.94 |
9.30 |
-554 |
15 |
-21 |
102 |
-64 |
-46 |
| Preferred Stock Dividends Declared |
|
8.84 |
8.84 |
8.84 |
8.84 |
8.84 |
8.84 |
8.84 |
8.84 |
8.84 |
8.84 |
8.84 |
| Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-372 |
236 |
267 |
175 |
214 |
403 |
245 |
225 |
450 |
170 |
-195 |
| Basic Earnings per Share |
|
($19.27) |
$10.40 |
$12.95 |
$4.10 |
$3.81 |
$31.54 |
$6.96 |
$9.44 |
$22.68 |
($3.77) |
$3.29 |
| Weighted Average Basic Shares Outstanding |
|
43.70M |
43.72M |
43.93M |
51.18M |
51.17M |
52.69M |
52.88M |
52.16M |
51.94M |
49.25M |
48.65M |
| Diluted Earnings per Share |
|
($19.27) |
$10.40 |
$12.91 |
$4.09 |
$3.80 |
$31.47 |
$6.94 |
$9.41 |
$22.62 |
($3.76) |
$3.27 |
| Weighted Average Diluted Shares Outstanding |
|
43.70M |
43.72M |
43.93M |
51.18M |
51.17M |
52.69M |
52.88M |
52.16M |
51.94M |
49.25M |
48.65M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
43.70M |
43.72M |
43.93M |
51.18M |
51.17M |
52.69M |
52.88M |
52.16M |
51.94M |
49.25M |
48.65M |
| Cash Dividends to Common per Share |
|
$0.37 |
- |
$0.38 |
$0.38 |
- |
- |
- |
- |
$0.39 |
- |
$0.40 |
Annual Cash Flow Statements for RenaissanceRe
This table details how cash moves in and out of RenaissanceRe's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Net Change in Cash & Equivalents |
|
-19 |
-86 |
940 |
-254 |
271 |
358 |
122 |
-665 |
683 |
-201 |
| Net Cash From Operating Activities |
|
425 |
485 |
1,026 |
1,222 |
2,137 |
1,993 |
1,235 |
1,604 |
1,912 |
4,165 |
| Net Cash From Continuing Operating Activities |
|
512 |
322 |
1,026 |
1,222 |
2,137 |
1,993 |
1,235 |
1,604 |
1,912 |
4,165 |
| Net Income / (Loss) Continuing Operations |
|
542 |
630 |
-355 |
269 |
950 |
993 |
-103 |
-1,160 |
3,620 |
2,961 |
| Consolidated Net Income / (Loss) |
|
542 |
630 |
-355 |
269 |
950 |
993 |
-103 |
-1,160 |
3,620 |
2,961 |
| Depreciation Expense |
|
18 |
29 |
31 |
0.12 |
-59 |
17 |
-21 |
-27 |
-135 |
258 |
| Non-Cash Adjustments to Reconcile Net Income |
|
73 |
-147 |
-154 |
230 |
-415 |
-789 |
219 |
1,646 |
-490 |
-20 |
| Changes in Operating Assets and Liabilities, net |
|
-208 |
-27 |
1,503 |
723 |
1,661 |
1,772 |
1,140 |
1,145 |
-1,083 |
966 |
| Net Cash From Investing Activities |
|
-339 |
-165 |
-122 |
-2,537 |
-2,989 |
-2,305 |
-816 |
-3,016 |
-3,823 |
-3,061 |
| Net Cash From Continuing Investing Activities |
|
-339 |
-165 |
-122 |
-2,537 |
-2,989 |
-2,305 |
-816 |
-3,016 |
-3,823 |
-3,061 |
| Purchase of Investment Securities |
|
-10,519 |
-8,470 |
-10,113 |
-14,147 |
-20,306 |
-17,638 |
-16,575 |
-52,789 |
-67,833 |
-59,478 |
| Sale and/or Maturity of Investments |
|
10,180 |
8,121 |
9,875 |
11,611 |
17,325 |
15,196 |
15,552 |
49,773 |
64,011 |
56,417 |
| Net Cash From Financing Activities |
|
-94 |
-401 |
29 |
1,066 |
1,120 |
665 |
-302 |
725 |
2,589 |
-1,288 |
| Net Cash From Continuing Financing Activities |
|
-94 |
-401 |
29 |
1,066 |
1,120 |
665 |
-302 |
725 |
2,589 |
-1,288 |
| Issuance of Debt |
|
446 |
0.00 |
296 |
0.00 |
396 |
0.00 |
30 |
0.00 |
816 |
75 |
| Issuance of Common Equity |
|
- |
0.00 |
0.00 |
250 |
0.00 |
1,096 |
0.00 |
0.00 |
1,352 |
0.00 |
| Repayment of Debt |
|
- |
0.00 |
-250 |
0.00 |
0.00 |
-250 |
0.00 |
0.00 |
-30 |
-150 |
| Repurchase of Common Equity |
|
-260 |
-309 |
-189 |
0.00 |
0.00 |
-63 |
-1,028 |
-167 |
0.00 |
-667 |
| Payment of Dividends |
|
-76 |
-74 |
-74 |
-83 |
-96 |
-99 |
-101 |
-100 |
-110 |
-116 |
| Other Financing Activities, Net |
|
-203 |
-18 |
245 |
658 |
820 |
107 |
582 |
992 |
562 |
-429 |
| Effect of Exchange Rate Changes |
|
-11 |
-4.64 |
8.22 |
-5.10 |
2.48 |
4.49 |
6.15 |
22 |
5.54 |
-17 |
| Cash Interest Paid |
|
41 |
54 |
44 |
46 |
53 |
49 |
21 |
46 |
74 |
88 |
| Cash Income Taxes Paid |
|
10 |
-1.12 |
0.34 |
0.34 |
9.75 |
5.67 |
-4.26 |
3.13 |
27 |
100 |
Quarterly Cash Flow Statements for RenaissanceRe
This table details how cash moves in and out of RenaissanceRe's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
| Net Change in Cash & Equivalents |
|
-194 |
-9.90 |
-131 |
-120 |
252 |
682 |
-271 |
20 |
-54 |
104 |
-44 |
| Net Cash From Operating Activities |
|
601 |
733 |
436 |
191 |
772 |
512 |
683 |
1,212 |
1,490 |
779 |
158 |
| Net Cash From Continuing Operating Activities |
|
601 |
733 |
436 |
191 |
772 |
512 |
683 |
1,212 |
1,490 |
779 |
158 |
| Net Income / (Loss) Continuing Operations |
|
-1,189 |
693 |
840 |
375 |
417 |
1,989 |
618 |
729 |
1,633 |
-19 |
-25 |
| Consolidated Net Income / (Loss) |
|
-1,189 |
693 |
840 |
375 |
417 |
1,989 |
618 |
729 |
1,633 |
-19 |
-25 |
| Depreciation Expense |
|
-11 |
-26 |
-33 |
-40 |
-48 |
-14 |
16 |
9.96 |
226 |
6.85 |
3.74 |
| Non-Cash Adjustments to Reconcile Net Income |
|
589 |
-178 |
-262 |
155 |
253 |
-637 |
165 |
139 |
-843 |
519 |
-190 |
| Changes in Operating Assets and Liabilities, net |
|
1,212 |
243 |
-110 |
-299 |
150 |
-825 |
-116 |
335 |
475 |
272 |
369 |
| Net Cash From Investing Activities |
|
-826 |
-1,234 |
-685 |
-2,497 |
-328 |
-314 |
-304 |
-979 |
-1,497 |
-280 |
-499 |
| Net Cash From Continuing Investing Activities |
|
-826 |
-1,234 |
-685 |
-2,497 |
-328 |
-314 |
-304 |
-979 |
-1,497 |
-280 |
-499 |
| Purchase of Investment Securities |
|
-8,749 |
-32,839 |
-12,631 |
-16,920 |
-15,850 |
-22,432 |
-14,909 |
-18,292 |
-13,906 |
-12,370 |
-14,228 |
| Sale and/or Maturity of Investments |
|
7,973 |
31,267 |
11,947 |
14,424 |
15,522 |
22,118 |
14,605 |
17,313 |
12,410 |
12,090 |
13,729 |
| Net Cash From Financing Activities |
|
19 |
500 |
116 |
2,186 |
-198 |
485 |
-645 |
-209 |
-58 |
-376 |
290 |
| Net Cash From Continuing Financing Activities |
|
19 |
500 |
116 |
2,186 |
-198 |
485 |
-645 |
-209 |
-58 |
-376 |
290 |
| Issuance of Debt |
|
- |
- |
- |
- |
-1.02 |
75 |
- |
- |
- |
- |
866 |
| Repayment of Debt |
|
- |
- |
-30 |
- |
- |
- |
-75 |
- |
-25 |
-50 |
0.00 |
| Repurchase of Common Equity |
|
-25 |
- |
- |
- |
- |
- |
- |
- |
-107 |
-452 |
-358 |
| Payment of Dividends |
|
-25 |
-25 |
-26 |
-28 |
-28 |
-29 |
-29 |
-29 |
-29 |
-29 |
-28 |
| Other Financing Activities, Net |
|
69 |
525 |
172 |
119 |
-168 |
438 |
-540 |
-146 |
103 |
154 |
-190 |
| Effect of Exchange Rate Changes |
|
13 |
-9.31 |
2.07 |
0.32 |
5.01 |
-1.86 |
-5.21 |
-3.57 |
10 |
-19 |
7.50 |
Annual Balance Sheets for RenaissanceRe
This table presents RenaissanceRe's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Total Assets |
|
11,555 |
12,352 |
15,226 |
18,676 |
26,330 |
30,821 |
33,960 |
36,553 |
49,007 |
50,708 |
| Cash and Due from Banks |
|
507 |
421 |
1,362 |
1,108 |
1,379 |
1,737 |
1,859 |
1,194 |
1,878 |
1,677 |
| Trading Account Securities |
|
7,309 |
7,399 |
7,917 |
9,299 |
12,803 |
15,564 |
16,144 |
17,551 |
24,612 |
28,108 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Accrued Investment Income |
|
40 |
38 |
42 |
51 |
72 |
67 |
56 |
122 |
206 |
238 |
| Unearned Premiums Asset |
|
1,009 |
1,429 |
1,838 |
2,153 |
6,159 |
6,644 |
8,905 |
10,872 |
13,550 |
8,179 |
| Deferred Acquisition Cost |
|
199 |
335 |
427 |
477 |
664 |
634 |
849 |
1,172 |
1,751 |
1,552 |
| Intangible Assets |
|
265 |
251 |
243 |
237 |
262 |
250 |
243 |
238 |
775 |
704 |
| Other Assets |
|
2,226 |
2,479 |
3,398 |
5,350 |
4,991 |
5,925 |
5,903 |
5,405 |
6,235 |
10,250 |
| Total Liabilities & Shareholders' Equity |
|
11,555 |
12,352 |
15,226 |
18,676 |
26,330 |
30,821 |
33,960 |
36,553 |
49,007 |
50,708 |
| Total Liabilities |
|
5,777 |
6,310 |
9,538 |
11,579 |
17,287 |
19,872 |
23,781 |
26,692 |
33,451 |
33,156 |
| Short-Term Debt |
|
391 |
306 |
209 |
380 |
225 |
1,133 |
1,171 |
494 |
662 |
151 |
| Long-Term Debt |
|
960 |
949 |
990 |
991 |
1,384 |
1,136 |
1,168 |
1,170 |
1,959 |
1,887 |
| Claims and Claim Expense |
|
2,767 |
2,848 |
5,080 |
6,076 |
9,384 |
10,381 |
13,295 |
15,893 |
20,487 |
21,303 |
| Unearned Premiums Liability |
|
889 |
1,232 |
1,478 |
1,716 |
2,531 |
2,764 |
3,531 |
4,559 |
6,136 |
5,950 |
| Other Long-Term Liabilities |
|
769 |
976 |
1,782 |
2,416 |
3,763 |
4,458 |
4,616 |
4,576 |
4,208 |
3,864 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Redeemable Noncontrolling Interest |
|
1,046 |
1,176 |
1,297 |
2,052 |
3,071 |
3,388 |
3,554 |
4,535 |
6,101 |
6,978 |
| Total Equity & Noncontrolling Interests |
|
4,732 |
4,867 |
4,391 |
5,045 |
5,971 |
7,560 |
6,624 |
5,325 |
9,455 |
10,574 |
| Total Preferred & Common Equity |
|
4,732 |
4,867 |
4,391 |
5,045 |
5,971 |
7,560 |
6,624 |
5,325 |
9,455 |
10,574 |
| Preferred Stock |
|
400 |
400 |
400 |
650 |
650 |
525 |
750 |
750 |
750 |
750 |
| Total Common Equity |
|
4,332 |
4,467 |
3,991 |
4,395 |
5,321 |
7,035 |
5,874 |
4,575 |
8,705 |
9,824 |
| Common Stock |
|
551 |
258 |
77 |
338 |
612 |
1,674 |
653 |
519 |
2,197 |
1,563 |
| Retained Earnings |
|
3,779 |
4,208 |
3,914 |
4,058 |
4,711 |
5,374 |
5,233 |
4,071 |
6,522 |
8,276 |
| Accumulated Other Comprehensive Income / (Loss) |
|
2.11 |
1.13 |
0.22 |
-1.43 |
-1.94 |
-13 |
-11 |
-15 |
-14 |
-15 |
Quarterly Balance Sheets for RenaissanceRe
This table presents RenaissanceRe's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
| Total Assets |
|
35,936 |
38,270 |
41,400 |
40,843 |
50,944 |
51,568 |
52,756 |
53,633 |
| Cash and Due from Banks |
|
1,204 |
1,064 |
944 |
1,196 |
1,607 |
1,627 |
1,573 |
1,633 |
| Trading Account Securities |
|
15,957 |
18,032 |
19,070 |
19,352 |
24,877 |
26,168 |
28,731 |
28,539 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Accrued Investment Income |
|
85 |
122 |
148 |
154 |
197 |
226 |
223 |
217 |
| Unearned Premiums Asset |
|
11,682 |
11,771 |
12,367 |
6,958 |
9,714 |
15,081 |
9,424 |
14,230 |
| Deferred Acquisition Cost |
|
1,181 |
1,242 |
1,301 |
1,267 |
1,822 |
1,816 |
1,719 |
1,685 |
| Intangible Assets |
|
239 |
237 |
235 |
234 |
759 |
737 |
717 |
686 |
| Other Assets |
|
5,587 |
5,802 |
7,242 |
11,683 |
11,968 |
5,913 |
10,369 |
6,644 |
| Total Liabilities & Shareholders' Equity |
|
35,936 |
38,270 |
41,400 |
40,843 |
50,944 |
51,568 |
52,756 |
53,633 |
| Total Liabilities |
|
26,879 |
27,047 |
28,321 |
27,592 |
34,854 |
35,053 |
34,653 |
36,595 |
| Short-Term Debt |
|
590 |
389 |
548 |
812 |
1,428 |
778 |
607 |
552 |
| Long-Term Debt |
|
1,170 |
1,141 |
1,882 |
1,883 |
1,884 |
1,960 |
1,936 |
2,754 |
| Claims and Claim Expense |
|
15,663 |
15,997 |
16,138 |
15,955 |
20,370 |
20,741 |
21,221 |
22,857 |
| Unearned Premiums Liability |
|
5,046 |
5,251 |
5,717 |
5,222 |
7,248 |
7,697 |
7,041 |
6,999 |
| Other Long-Term Liabilities |
|
4,410 |
4,270 |
4,035 |
3,720 |
3,924 |
3,877 |
3,848 |
3,433 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Redeemable Noncontrolling Interest |
|
4,175 |
5,357 |
5,676 |
5,662 |
6,298 |
6,335 |
6,861 |
6,690 |
| Total Equity & Noncontrolling Interests |
|
4,882 |
5,866 |
7,403 |
7,589 |
9,793 |
10,179 |
11,243 |
10,349 |
| Total Preferred & Common Equity |
|
4,882 |
5,866 |
7,403 |
7,589 |
9,793 |
10,179 |
11,243 |
10,349 |
| Preferred Stock |
|
750 |
750 |
750 |
750 |
750 |
750 |
750 |
750 |
| Total Common Equity |
|
4,132 |
5,116 |
6,653 |
6,839 |
9,043 |
9,429 |
10,493 |
9,599 |
| Common Stock |
|
509 |
512 |
1,876 |
1,888 |
2,190 |
2,101 |
2,011 |
1,196 |
| Retained Earnings |
|
3,639 |
4,619 |
4,790 |
4,965 |
6,866 |
7,341 |
8,495 |
8,418 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-17 |
-15 |
-14 |
-15 |
-14 |
-13 |
-13 |
-15 |
Annual Metrics And Ratios for RenaissanceRe
This table displays calculated financial ratios and metrics derived from RenaissanceRe's official financial filings.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
19.00% |
13.99% |
22.17% |
-1.54% |
83.91% |
37.33% |
2.11% |
-4.17% |
80.79% |
28.03% |
| EBITDA Growth |
|
-29.96% |
28.21% |
-145.01% |
188.48% |
88.18% |
104.80% |
-113.34% |
-822.14% |
338.83% |
9.29% |
| EBIT Growth |
|
-27.73% |
27.00% |
-152.06% |
180.02% |
110.72% |
79.97% |
-111.46% |
-968.14% |
355.17% |
-3.76% |
| NOPAT Growth |
|
-20.99% |
16.19% |
-136.46% |
217.06% |
99.38% |
85.22% |
-108.04% |
-968.14% |
524.31% |
-18.22% |
| Net Income Growth |
|
-20.99% |
16.19% |
-156.29% |
175.82% |
253.37% |
4.50% |
-110.42% |
-1,021.25% |
412.13% |
-18.22% |
| EPS Growth |
|
-26.35% |
23.17% |
-153.81% |
179.84% |
231.77% |
-6.02% |
-110.25% |
-1,524.20% |
304.98% |
-32.64% |
| Operating Cash Flow Growth |
|
-35.67% |
14.07% |
111.60% |
19.10% |
74.94% |
-6.76% |
-38.03% |
29.87% |
19.20% |
117.87% |
| Free Cash Flow Firm Growth |
|
-266.55% |
140.74% |
-61.04% |
-827.20% |
-25.48% |
4.58% |
139.45% |
-77.56% |
-2,277.64% |
151.05% |
| Invested Capital Growth |
|
30.83% |
2.34% |
-5.62% |
22.97% |
25.79% |
24.08% |
-5.30% |
-7.93% |
57.71% |
7.77% |
| Revenue Q/Q Growth |
|
3.68% |
-1.37% |
7.08% |
2.88% |
3.88% |
32.96% |
-14.81% |
24.36% |
14.70% |
-7.62% |
| EBITDA Q/Q Growth |
|
-14.86% |
-7.59% |
-14.87% |
-45.54% |
-33.16% |
738.63% |
-120.15% |
36.51% |
33.56% |
-31.52% |
| EBIT Q/Q Growth |
|
-14.86% |
-7.45% |
-13.93% |
-40.16% |
-30.63% |
897.34% |
-117.08% |
37.70% |
30.98% |
-33.64% |
| NOPAT Q/Q Growth |
|
-14.87% |
-5.21% |
-13.93% |
-31.94% |
-31.78% |
1,235.78% |
-111.29% |
37.70% |
55.71% |
-40.41% |
| Net Income Q/Q Growth |
|
-14.87% |
-5.21% |
-33.53% |
-31.94% |
20.91% |
17.97% |
48.30% |
25.88% |
55.71% |
-40.41% |
| EPS Q/Q Growth |
|
-21.22% |
-1.64% |
-34.87% |
-31.14% |
20.67% |
23.87% |
40.53% |
18.27% |
67.53% |
-50.01% |
| Operating Cash Flow Q/Q Growth |
|
-1.03% |
-24.63% |
45.27% |
-6.93% |
33.77% |
-9.53% |
-15.70% |
23.04% |
-10.35% |
6.83% |
| Free Cash Flow Firm Q/Q Growth |
|
12.05% |
-22.01% |
-49.37% |
-70.93% |
18.26% |
44.46% |
-71.22% |
213.84% |
-8.11% |
478.48% |
| Invested Capital Q/Q Growth |
|
-2.21% |
-0.89% |
1.22% |
6.29% |
-1.08% |
-2.18% |
3.76% |
6.55% |
13.99% |
-5.12% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
34.79% |
39.13% |
-14.42% |
12.96% |
13.26% |
19.77% |
-2.58% |
-24.86% |
32.83% |
28.03% |
| EBIT Margin |
|
33.57% |
37.40% |
-15.94% |
12.95% |
14.84% |
19.44% |
-2.18% |
-24.32% |
34.32% |
25.80% |
| Profit (Net Income) Margin |
|
36.67% |
37.38% |
-17.22% |
13.26% |
25.48% |
19.39% |
-1.98% |
-23.14% |
39.95% |
25.52% |
| Tax Burden Percent |
|
109.24% |
99.95% |
108.07% |
102.40% |
171.72% |
99.71% |
90.65% |
95.16% |
116.40% |
98.91% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
-9.24% |
0.05% |
0.00% |
-2.40% |
3.11% |
0.29% |
0.00% |
0.00% |
-16.40% |
1.09% |
| Return on Invested Capital (ROIC) |
|
8.62% |
8.73% |
-3.24% |
3.50% |
5.61% |
8.32% |
-0.62% |
-7.10% |
24.38% |
15.68% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
8.62% |
8.73% |
-13.43% |
3.50% |
33.39% |
8.32% |
-1.64% |
-22.42% |
24.38% |
15.68% |
| Return on Net Nonoperating Assets (RNNOA) |
|
1.44% |
1.93% |
-2.81% |
0.70% |
6.17% |
1.61% |
-0.36% |
-4.48% |
4.11% |
2.21% |
| Return on Equity (ROE) |
|
10.06% |
10.66% |
-6.05% |
4.21% |
11.78% |
9.93% |
-0.98% |
-11.58% |
28.49% |
17.88% |
| Cash Return on Invested Capital (CROIC) |
|
-18.09% |
6.43% |
2.55% |
-17.10% |
-17.23% |
-13.17% |
4.82% |
1.16% |
-20.41% |
8.19% |
| Operating Return on Assets (OROA) |
|
5.02% |
5.27% |
-2.38% |
1.55% |
2.46% |
3.49% |
-0.35% |
-3.46% |
7.27% |
6.00% |
| Return on Assets (ROA) |
|
5.49% |
5.27% |
-2.57% |
1.59% |
4.22% |
3.48% |
-0.32% |
-3.29% |
8.46% |
5.94% |
| Return on Common Equity (ROCE) |
|
7.28% |
7.94% |
-4.36% |
2.76% |
7.09% |
6.14% |
-0.60% |
-6.04% |
14.88% |
10.01% |
| Return on Equity Simple (ROE_SIMPLE) |
|
11.46% |
12.95% |
-8.08% |
5.33% |
15.91% |
13.14% |
-1.56% |
-21.78% |
38.29% |
28.00% |
| Net Operating Profit after Tax (NOPAT) |
|
542 |
630 |
-230 |
269 |
536 |
993 |
-80 |
-853 |
3,620 |
2,961 |
| NOPAT Margin |
|
36.67% |
37.38% |
-11.15% |
13.26% |
14.38% |
19.39% |
-1.53% |
-17.02% |
39.95% |
25.52% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
10.19% |
0.00% |
-27.78% |
0.00% |
1.02% |
15.32% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Operating Expenses to Revenue |
|
66.43% |
62.60% |
115.94% |
87.05% |
85.16% |
80.56% |
102.18% |
124.32% |
65.68% |
74.20% |
| Earnings before Interest and Taxes (EBIT) |
|
496 |
630 |
-328 |
263 |
553 |
996 |
-114 |
-1,219 |
3,110 |
2,993 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
515 |
660 |
-297 |
263 |
494 |
1,013 |
-135 |
-1,246 |
2,975 |
3,252 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
1.06 |
1.18 |
1.19 |
1.17 |
1.57 |
1.16 |
1.30 |
1.73 |
1.14 |
1.32 |
| Price to Tangible Book Value (P/TBV) |
|
1.13 |
1.25 |
1.27 |
1.24 |
1.65 |
1.20 |
1.36 |
1.83 |
1.26 |
1.42 |
| Price to Revenue (P/Rev) |
|
3.11 |
3.11 |
2.31 |
2.53 |
2.23 |
1.60 |
1.46 |
1.58 |
1.10 |
1.11 |
| Price to Earnings (P/E) |
|
11.25 |
10.92 |
0.00 |
26.05 |
11.70 |
11.18 |
0.00 |
0.00 |
3.95 |
7.04 |
| Dividend Yield |
|
1.14% |
0.97% |
1.08% |
1.03% |
0.72% |
0.87% |
0.87% |
0.81% |
0.78% |
0.63% |
| Earnings Yield |
|
8.89% |
9.15% |
0.00% |
3.84% |
8.55% |
8.95% |
0.00% |
0.00% |
25.34% |
14.20% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.97 |
1.05 |
0.91 |
0.96 |
1.15 |
0.95 |
0.99 |
1.19 |
0.97 |
1.07 |
| Enterprise Value to Revenue (EV/Rev) |
|
4.66 |
4.54 |
3.05 |
4.00 |
3.29 |
2.46 |
2.37 |
2.73 |
1.94 |
1.81 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
13.39 |
11.61 |
0.00 |
30.85 |
24.84 |
12.46 |
0.00 |
0.00 |
5.90 |
6.46 |
| Enterprise Value to EBIT (EV/EBIT) |
|
13.88 |
12.15 |
0.00 |
30.86 |
22.19 |
12.67 |
0.00 |
0.00 |
5.65 |
7.02 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
12.71 |
12.16 |
0.00 |
30.14 |
22.90 |
12.71 |
0.00 |
0.00 |
4.85 |
7.10 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
16.21 |
15.80 |
6.13 |
6.63 |
5.75 |
6.33 |
10.05 |
8.54 |
9.19 |
5.05 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
16.52 |
34.81 |
0.00 |
0.00 |
0.00 |
20.02 |
98.38 |
0.00 |
13.58 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.23 |
0.21 |
0.21 |
0.19 |
0.18 |
0.21 |
0.23 |
0.17 |
0.17 |
0.12 |
| Long-Term Debt to Equity |
|
0.17 |
0.16 |
0.17 |
0.14 |
0.15 |
0.10 |
0.11 |
0.12 |
0.13 |
0.11 |
| Financial Leverage |
|
0.17 |
0.22 |
0.21 |
0.20 |
0.18 |
0.19 |
0.22 |
0.20 |
0.17 |
0.14 |
| Leverage Ratio |
|
1.83 |
2.02 |
2.35 |
2.65 |
2.79 |
2.86 |
3.07 |
3.52 |
3.37 |
3.01 |
| Compound Leverage Factor |
|
1.83 |
2.02 |
2.35 |
2.65 |
2.79 |
2.86 |
3.07 |
3.52 |
3.37 |
3.01 |
| Debt to Total Capital |
|
18.96% |
17.19% |
17.40% |
16.20% |
15.11% |
17.17% |
18.69% |
14.44% |
14.42% |
10.40% |
| Short-Term Debt to Total Capital |
|
5.49% |
4.19% |
3.03% |
4.49% |
2.11% |
8.57% |
9.35% |
4.28% |
3.64% |
0.77% |
| Long-Term Debt to Total Capital |
|
13.47% |
13.00% |
14.37% |
11.70% |
12.99% |
8.60% |
9.33% |
10.16% |
10.78% |
9.63% |
| Preferred Equity to Total Capital |
|
5.61% |
5.48% |
5.81% |
7.68% |
6.10% |
3.97% |
5.99% |
6.51% |
4.13% |
3.83% |
| Noncontrolling Interests to Total Capital |
|
14.67% |
16.11% |
18.83% |
24.23% |
28.83% |
25.64% |
28.39% |
39.35% |
33.57% |
35.62% |
| Common Equity to Total Capital |
|
60.76% |
61.21% |
57.96% |
51.90% |
49.96% |
53.23% |
46.93% |
39.70% |
47.89% |
50.15% |
| Debt to EBITDA |
|
2.63 |
1.90 |
-4.04 |
5.22 |
3.26 |
2.24 |
-17.31 |
-1.34 |
0.88 |
0.63 |
| Net Debt to EBITDA |
|
1.64 |
1.26 |
0.55 |
1.00 |
0.47 |
0.53 |
-3.55 |
-0.38 |
0.25 |
0.11 |
| Long-Term Debt to EBITDA |
|
1.87 |
1.44 |
-3.33 |
3.77 |
2.80 |
1.12 |
-8.65 |
-0.94 |
0.66 |
0.58 |
| Debt to NOPAT |
|
2.49 |
1.99 |
-5.22 |
5.10 |
3.00 |
2.28 |
-29.28 |
-1.95 |
0.72 |
0.69 |
| Net Debt to NOPAT |
|
1.56 |
1.32 |
0.71 |
0.98 |
0.43 |
0.54 |
-6.01 |
-0.55 |
0.21 |
0.12 |
| Long-Term Debt to NOPAT |
|
1.77 |
1.51 |
-4.31 |
3.69 |
2.58 |
1.14 |
-14.63 |
-1.37 |
0.54 |
0.64 |
| Noncontrolling Interest Sharing Ratio |
|
27.63% |
25.56% |
27.90% |
34.40% |
39.80% |
38.19% |
38.90% |
47.85% |
47.75% |
44.03% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-1,138 |
464 |
181 |
-1,313 |
-1,648 |
-1,572 |
620 |
139 |
-3,031 |
1,547 |
| Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Free Cash Flow to Firm to Interest Expense |
|
-31.37 |
11.00 |
4.09 |
-27.90 |
-28.23 |
-31.16 |
13.05 |
2.88 |
-41.42 |
16.50 |
| Operating Cash Flow to Interest Expense |
|
11.72 |
11.50 |
23.21 |
25.96 |
36.62 |
39.50 |
25.98 |
33.18 |
26.12 |
44.42 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
11.72 |
11.50 |
23.21 |
25.96 |
36.62 |
39.50 |
25.98 |
33.18 |
26.12 |
44.42 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.15 |
0.14 |
0.15 |
0.12 |
0.17 |
0.18 |
0.16 |
0.14 |
0.21 |
0.23 |
| Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
7,130 |
7,297 |
6,886 |
8,468 |
10,652 |
13,217 |
12,517 |
11,525 |
18,176 |
19,589 |
| Invested Capital Turnover |
|
0.24 |
0.23 |
0.29 |
0.26 |
0.39 |
0.43 |
0.41 |
0.42 |
0.61 |
0.61 |
| Increase / (Decrease) in Invested Capital |
|
1,680 |
167 |
-410 |
1,582 |
2,184 |
2,565 |
-700 |
-992 |
6,651 |
1,413 |
| Enterprise Value (EV) |
|
6,891 |
7,658 |
6,285 |
8,105 |
12,279 |
12,620 |
12,415 |
13,693 |
17,559 |
21,012 |
| Market Capitalization |
|
4,600 |
5,250 |
4,751 |
5,140 |
8,328 |
8,175 |
7,631 |
7,938 |
9,966 |
12,923 |
| Book Value per Share |
|
$98.80 |
$108.53 |
$99.71 |
$109.15 |
$120.52 |
$138.46 |
$127.65 |
$104.69 |
$170.11 |
$189.14 |
| Tangible Book Value per Share |
|
$92.75 |
$102.43 |
$93.64 |
$103.26 |
$114.58 |
$133.55 |
$122.36 |
$99.25 |
$154.96 |
$175.59 |
| Total Capital |
|
7,130 |
7,297 |
6,886 |
8,468 |
10,652 |
13,217 |
12,517 |
11,525 |
18,176 |
19,589 |
| Total Debt |
|
1,352 |
1,254 |
1,198 |
1,371 |
1,609 |
2,269 |
2,339 |
1,664 |
2,620 |
2,037 |
| Total Long-Term Debt |
|
960 |
949 |
990 |
991 |
1,384 |
1,136 |
1,168 |
1,170 |
1,959 |
1,887 |
| Net Debt |
|
845 |
833 |
-163 |
264 |
230 |
532 |
480 |
470 |
743 |
361 |
| Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
125 |
0.00 |
-414 |
0.00 |
24 |
307 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
1,352 |
1,254 |
1,198 |
1,371 |
1,609 |
2,269 |
2,339 |
1,664 |
2,620 |
2,037 |
| Total Depreciation and Amortization (D&A) |
|
18 |
29 |
31 |
0.12 |
-59 |
17 |
-21 |
-27 |
-135 |
258 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$9.36 |
$11.50 |
($6.15) |
$4.91 |
$16.32 |
$15.34 |
($1.57) |
($25.50) |
$52.40 |
$35.31 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
43.14M |
40.94M |
40.02M |
42.21M |
44.15M |
50.71M |
43.98M |
43.72M |
52.69M |
49.25M |
| Adjusted Diluted Earnings per Share |
|
$9.28 |
$11.43 |
($6.15) |
$4.91 |
$16.29 |
$15.31 |
($1.57) |
($25.50) |
$52.27 |
$35.21 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
43.14M |
40.94M |
40.02M |
42.21M |
44.15M |
50.71M |
43.98M |
43.72M |
52.69M |
49.25M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
43.14M |
40.94M |
40.02M |
42.21M |
44.15M |
50.71M |
43.98M |
43.72M |
52.69M |
49.25M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
347 |
630 |
-117 |
309 |
752 |
1,199 |
69 |
-660 |
2,440 |
3,452 |
| Normalized NOPAT Margin |
|
23.50% |
37.38% |
-5.69% |
15.22% |
20.16% |
23.41% |
1.31% |
-13.16% |
26.92% |
29.75% |
| Pre Tax Income Margin |
|
33.57% |
37.40% |
-15.94% |
12.95% |
14.84% |
19.44% |
-2.18% |
-24.32% |
34.32% |
25.80% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
13.69 |
14.96 |
-7.43 |
5.58 |
9.48 |
19.74 |
-2.40 |
-25.22 |
42.50 |
31.92 |
| NOPAT to Interest Expense |
|
14.95 |
14.95 |
-5.20 |
5.71 |
9.19 |
19.68 |
-1.68 |
-17.65 |
49.47 |
31.57 |
| EBIT Less CapEx to Interest Expense |
|
13.69 |
14.96 |
-7.43 |
5.58 |
9.48 |
19.74 |
-2.40 |
-25.22 |
42.50 |
31.92 |
| NOPAT Less CapEx to Interest Expense |
|
14.95 |
14.95 |
-5.20 |
5.71 |
9.19 |
19.68 |
-1.68 |
-17.65 |
49.47 |
31.57 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
14.08% |
11.74% |
-20.79% |
30.84% |
10.12% |
10.01% |
-97.37% |
-8.63% |
3.05% |
3.93% |
| Augmented Payout Ratio |
|
62.01% |
60.85% |
-73.97% |
30.84% |
10.12% |
16.32% |
-1,090.70% |
-23.00% |
3.05% |
26.45% |
Quarterly Metrics And Ratios for RenaissanceRe
This table displays calculated financial ratios and metrics derived from RenaissanceRe's official financial filings.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
-16.86% |
94.73% |
153.68% |
116.73% |
44.07% |
57.53% |
17.48% |
52.63% |
116.44% |
-30.09% |
33.66% |
| EBITDA Growth |
|
-78.38% |
1,656.45% |
288.55% |
222.30% |
131.58% |
111.09% |
-22.29% |
110.83% |
418.62% |
-105.37% |
-110.32% |
| EBIT Growth |
|
-79.04% |
1,906.89% |
300.19% |
228.07% |
135.90% |
105.27% |
-27.08% |
85.90% |
307.37% |
-105.80% |
-111.17% |
| NOPAT Growth |
|
-79.04% |
2,661.29% |
376.47% |
280.10% |
150.17% |
186.81% |
-26.40% |
94.42% |
291.97% |
-102.93% |
-108.01% |
| Net Income Growth |
|
-86.10% |
140.51% |
311.40% |
240.50% |
135.03% |
186.81% |
-26.40% |
94.42% |
291.97% |
-100.97% |
-104.08% |
| EPS Growth |
|
-97.64% |
121.28% |
241.87% |
154.32% |
119.72% |
202.60% |
-46.24% |
130.07% |
495.26% |
-111.95% |
-52.88% |
| Operating Cash Flow Growth |
|
28.84% |
69.35% |
159.00% |
89.19% |
28.46% |
-30.10% |
56.86% |
534.83% |
92.91% |
51.99% |
-76.92% |
| Free Cash Flow Firm Growth |
|
-57.65% |
150.46% |
-17.59% |
-509.33% |
-1,230.49% |
-376.60% |
-2,565.38% |
10.16% |
34.89% |
68.44% |
83.57% |
| Invested Capital Growth |
|
-10.34% |
-7.93% |
4.90% |
31.67% |
47.41% |
57.71% |
52.14% |
24.14% |
29.48% |
7.77% |
4.85% |
| Revenue Q/Q Growth |
|
49.04% |
58.36% |
8.66% |
-15.49% |
-0.93% |
73.16% |
-19.55% |
9.79% |
40.49% |
-44.06% |
54.92% |
| EBITDA Q/Q Growth |
|
-330.00% |
156.23% |
24.25% |
-59.29% |
11.03% |
275.85% |
-54.26% |
10.44% |
173.12% |
-103.89% |
12.10% |
| EBIT Q/Q Growth |
|
-299.00% |
158.91% |
24.39% |
-56.20% |
11.85% |
236.84% |
-55.81% |
11.66% |
145.09% |
-104.79% |
14.85% |
| NOPAT Q/Q Growth |
|
-299.00% |
183.51% |
21.20% |
-55.40% |
11.14% |
377.41% |
-68.90% |
17.81% |
124.08% |
-103.56% |
14.85% |
| Net Income Q/Q Growth |
|
-345.73% |
158.32% |
21.20% |
-55.40% |
11.14% |
377.41% |
-68.90% |
17.81% |
124.08% |
-101.18% |
-31.42% |
| EPS Q/Q Growth |
|
-155.91% |
153.97% |
24.13% |
-68.32% |
-7.09% |
728.16% |
-77.95% |
35.59% |
140.38% |
-116.62% |
186.97% |
| Operating Cash Flow Q/Q Growth |
|
495.72% |
21.93% |
-40.57% |
-56.17% |
304.50% |
-33.65% |
33.36% |
77.38% |
22.92% |
-47.73% |
-79.74% |
| Free Cash Flow Firm Q/Q Growth |
|
-49.16% |
304.42% |
-85.49% |
-1,471.71% |
-40.42% |
1.05% |
-29.35% |
50.01% |
-1.76% |
52.05% |
32.66% |
| Invested Capital Q/Q Growth |
|
-8.17% |
6.55% |
10.66% |
21.61% |
2.81% |
13.99% |
6.75% |
-0.78% |
7.24% |
-5.12% |
3.85% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
-93.92% |
33.35% |
38.13% |
18.37% |
20.59% |
44.69% |
25.22% |
25.37% |
49.33% |
-3.43% |
-1.95% |
| EBIT Margin |
|
-93.07% |
34.62% |
39.64% |
20.54% |
23.19% |
45.12% |
24.60% |
25.02% |
43.65% |
-3.74% |
-2.06% |
| Profit (Net Income) Margin |
|
-93.29% |
34.36% |
38.32% |
20.22% |
22.69% |
62.55% |
24.01% |
25.76% |
41.09% |
-0.86% |
-0.73% |
| Tax Burden Percent |
|
100.24% |
99.23% |
96.67% |
98.44% |
97.82% |
138.64% |
97.57% |
102.95% |
94.12% |
23.12% |
35.69% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
0.00% |
0.77% |
3.33% |
1.56% |
2.18% |
-38.64% |
2.43% |
-2.95% |
5.88% |
0.00% |
0.00% |
| Return on Invested Capital (ROIC) |
|
-22.95% |
14.32% |
19.51% |
10.88% |
13.39% |
38.17% |
14.10% |
15.44% |
28.20% |
-1.61% |
-0.90% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
-42.79% |
14.32% |
19.51% |
10.88% |
13.39% |
38.17% |
14.10% |
15.44% |
28.20% |
0.06% |
-0.17% |
| Return on Net Nonoperating Assets (RNNOA) |
|
-8.03% |
2.86% |
3.30% |
1.93% |
2.67% |
6.43% |
2.50% |
2.70% |
4.71% |
0.01% |
-0.03% |
| Return on Equity (ROE) |
|
-30.98% |
17.19% |
22.81% |
12.81% |
16.07% |
44.60% |
16.60% |
18.14% |
32.91% |
-1.60% |
-0.94% |
| Cash Return on Invested Capital (CROIC) |
|
-1.07% |
1.16% |
-4.16% |
-22.07% |
-20.95% |
-20.41% |
-20.22% |
0.05% |
1.46% |
8.19% |
6.92% |
| Operating Return on Assets (OROA) |
|
-10.80% |
4.92% |
6.87% |
3.94% |
4.77% |
9.56% |
5.21% |
5.61% |
11.71% |
-0.87% |
-0.49% |
| Return on Assets (ROA) |
|
-10.82% |
4.88% |
6.65% |
3.88% |
4.67% |
13.25% |
5.08% |
5.77% |
11.02% |
-0.20% |
-0.17% |
| Return on Common Equity (ROCE) |
|
-16.29% |
8.96% |
11.22% |
6.44% |
7.90% |
23.30% |
8.61% |
9.86% |
18.19% |
-0.90% |
-0.53% |
| Return on Equity Simple (ROE_SIMPLE) |
|
-32.05% |
0.00% |
1.33% |
9.72% |
30.64% |
0.00% |
34.70% |
36.86% |
44.19% |
0.00% |
22.39% |
| Net Operating Profit after Tax (NOPAT) |
|
-830 |
693 |
840 |
375 |
417 |
1,989 |
618 |
729 |
1,633 |
-58 |
-50 |
| NOPAT Margin |
|
-65.15% |
34.36% |
38.32% |
20.22% |
22.69% |
62.55% |
24.01% |
25.76% |
41.09% |
-2.62% |
-1.44% |
| Net Nonoperating Expense Percent (NNEP) |
|
19.84% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-1.67% |
-0.73% |
| SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Operating Expenses to Revenue |
|
193.07% |
65.38% |
60.36% |
79.46% |
76.81% |
54.88% |
75.40% |
74.98% |
56.35% |
103.74% |
102.06% |
| Earnings before Interest and Taxes (EBIT) |
|
-1,186 |
699 |
869 |
381 |
426 |
1,434 |
634 |
708 |
1,735 |
-83 |
-71 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-1,197 |
673 |
836 |
340 |
378 |
1,421 |
650 |
718 |
1,960 |
-76 |
-67 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
1.47 |
1.73 |
1.70 |
1.22 |
1.47 |
1.14 |
1.33 |
1.25 |
1.35 |
1.32 |
1.23 |
| Price to Tangible Book Value (P/TBV) |
|
1.56 |
1.83 |
1.78 |
1.27 |
1.52 |
1.26 |
1.45 |
1.36 |
1.45 |
1.42 |
1.33 |
| Price to Revenue (P/Rev) |
|
1.50 |
1.58 |
1.37 |
1.11 |
1.27 |
1.10 |
1.27 |
1.13 |
1.13 |
1.11 |
0.95 |
| Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
21.53 |
7.20 |
3.95 |
5.16 |
4.49 |
3.94 |
7.04 |
7.25 |
| Dividend Yield |
|
1.06% |
0.81% |
0.75% |
0.81% |
0.77% |
0.78% |
0.65% |
0.69% |
0.57% |
0.63% |
0.65% |
| Earnings Yield |
|
0.00% |
0.00% |
0.00% |
4.64% |
13.89% |
25.34% |
19.38% |
22.26% |
25.41% |
14.20% |
13.80% |
| Enterprise Value to Invested Capital (EV/IC) |
|
1.07 |
1.19 |
1.20 |
1.03 |
1.13 |
0.97 |
1.07 |
1.04 |
1.10 |
1.07 |
1.03 |
| Enterprise Value to Revenue (EV/Rev) |
|
2.86 |
2.73 |
2.41 |
2.19 |
2.27 |
1.94 |
2.20 |
1.92 |
1.81 |
1.81 |
1.68 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
448.82 |
24.58 |
8.07 |
5.90 |
7.44 |
6.32 |
4.80 |
6.46 |
8.26 |
| Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
180.41 |
21.05 |
7.57 |
5.65 |
7.22 |
6.25 |
5.05 |
7.02 |
9.15 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
195.66 |
22.30 |
7.73 |
4.85 |
6.11 |
5.33 |
4.59 |
7.10 |
9.04 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
8.85 |
8.54 |
8.15 |
8.18 |
8.43 |
9.19 |
9.61 |
6.29 |
5.85 |
5.05 |
5.75 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
98.38 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2,337.74 |
85.19 |
13.58 |
15.22 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.19 |
0.17 |
0.14 |
0.19 |
0.20 |
0.17 |
0.21 |
0.17 |
0.14 |
0.12 |
0.19 |
| Long-Term Debt to Equity |
|
0.13 |
0.12 |
0.10 |
0.14 |
0.14 |
0.13 |
0.12 |
0.12 |
0.11 |
0.11 |
0.16 |
| Financial Leverage |
|
0.19 |
0.20 |
0.17 |
0.18 |
0.20 |
0.17 |
0.18 |
0.17 |
0.17 |
0.14 |
0.20 |
| Leverage Ratio |
|
3.61 |
3.52 |
3.43 |
3.30 |
3.44 |
3.37 |
3.27 |
3.14 |
2.99 |
3.01 |
3.16 |
| Compound Leverage Factor |
|
3.61 |
3.52 |
3.43 |
3.30 |
3.44 |
3.37 |
3.27 |
3.14 |
2.99 |
3.01 |
3.16 |
| Debt to Total Capital |
|
16.27% |
14.44% |
12.00% |
15.67% |
16.90% |
14.42% |
17.07% |
14.22% |
12.31% |
10.40% |
16.25% |
| Short-Term Debt to Total Capital |
|
5.45% |
4.28% |
3.05% |
3.53% |
5.09% |
3.64% |
7.36% |
4.04% |
2.94% |
0.77% |
2.71% |
| Long-Term Debt to Total Capital |
|
10.82% |
10.16% |
8.95% |
12.14% |
11.81% |
10.78% |
9.71% |
10.18% |
9.38% |
9.63% |
13.54% |
| Preferred Equity to Total Capital |
|
6.93% |
6.51% |
5.88% |
4.84% |
4.70% |
4.13% |
3.87% |
3.90% |
3.63% |
3.83% |
3.69% |
| Noncontrolling Interests to Total Capital |
|
38.60% |
39.35% |
42.01% |
36.60% |
35.51% |
33.57% |
32.46% |
32.91% |
33.23% |
35.62% |
32.88% |
| Common Equity to Total Capital |
|
38.20% |
39.70% |
40.11% |
42.90% |
42.89% |
47.89% |
46.60% |
48.97% |
50.82% |
50.15% |
47.18% |
| Debt to EBITDA |
|
-0.90 |
-1.34 |
45.03 |
3.72 |
1.21 |
0.88 |
1.19 |
0.86 |
0.54 |
0.63 |
1.30 |
| Net Debt to EBITDA |
|
-0.28 |
-0.38 |
13.73 |
2.28 |
0.67 |
0.25 |
0.61 |
0.35 |
0.20 |
0.11 |
0.66 |
| Long-Term Debt to EBITDA |
|
-0.60 |
-0.94 |
33.57 |
2.88 |
0.85 |
0.66 |
0.68 |
0.62 |
0.41 |
0.58 |
1.09 |
| Debt to NOPAT |
|
-1.29 |
-1.95 |
19.63 |
3.38 |
1.16 |
0.72 |
0.97 |
0.73 |
0.51 |
0.69 |
1.43 |
| Net Debt to NOPAT |
|
-0.41 |
-0.55 |
5.99 |
2.07 |
0.64 |
0.21 |
0.50 |
0.30 |
0.20 |
0.12 |
0.72 |
| Long-Term Debt to NOPAT |
|
-0.85 |
-1.37 |
14.64 |
2.62 |
0.81 |
0.54 |
0.55 |
0.52 |
0.39 |
0.64 |
1.19 |
| Noncontrolling Interest Sharing Ratio |
|
47.41% |
47.85% |
50.80% |
49.76% |
50.82% |
47.75% |
48.16% |
45.66% |
44.72% |
44.03% |
43.73% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
417 |
1,686 |
245 |
-3,356 |
-4,712 |
-4,663 |
-6,031 |
-3,015 |
-3,068 |
-1,471 |
-991 |
| Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Free Cash Flow to Firm to Interest Expense |
|
34.45 |
136.12 |
20.16 |
0.00 |
0.00 |
-76.38 |
-261.05 |
0.00 |
0.00 |
-20.82 |
-36.58 |
| Operating Cash Flow to Interest Expense |
|
49.69 |
59.21 |
35.91 |
0.00 |
0.00 |
8.40 |
29.58 |
0.00 |
0.00 |
11.02 |
5.82 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
49.69 |
59.21 |
35.91 |
0.00 |
0.00 |
8.40 |
29.58 |
0.00 |
0.00 |
11.02 |
5.82 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.12 |
0.14 |
0.17 |
0.19 |
0.21 |
0.21 |
0.21 |
0.22 |
0.27 |
0.23 |
0.24 |
| Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
10,817 |
11,525 |
12,753 |
15,509 |
15,945 |
18,176 |
19,403 |
19,253 |
20,646 |
19,589 |
20,344 |
| Invested Capital Turnover |
|
0.35 |
0.42 |
0.51 |
0.54 |
0.59 |
0.61 |
0.59 |
0.60 |
0.69 |
0.61 |
0.63 |
| Increase / (Decrease) in Invested Capital |
|
-1,247 |
-992 |
596 |
3,731 |
5,129 |
6,651 |
6,650 |
3,744 |
4,701 |
1,413 |
941 |
| Enterprise Value (EV) |
|
11,535 |
13,693 |
15,253 |
16,048 |
17,972 |
17,559 |
20,759 |
20,016 |
22,788 |
21,012 |
20,933 |
| Market Capitalization |
|
6,055 |
7,938 |
8,678 |
8,135 |
10,061 |
9,966 |
12,006 |
11,819 |
14,207 |
12,923 |
11,820 |
| Book Value per Share |
|
$94.54 |
$104.69 |
$117.01 |
$151.44 |
$133.61 |
$170.11 |
$171.01 |
$178.31 |
$201.18 |
$189.14 |
$194.89 |
| Tangible Book Value per Share |
|
$89.07 |
$99.25 |
$111.60 |
$146.08 |
$129.05 |
$154.96 |
$156.66 |
$164.36 |
$187.42 |
$175.59 |
$180.96 |
| Total Capital |
|
10,817 |
11,525 |
12,753 |
15,509 |
15,945 |
18,176 |
19,403 |
19,253 |
20,646 |
19,589 |
20,344 |
| Total Debt |
|
1,760 |
1,664 |
1,530 |
2,430 |
2,694 |
2,620 |
3,312 |
2,739 |
2,543 |
2,037 |
3,306 |
| Total Long-Term Debt |
|
1,170 |
1,170 |
1,141 |
1,882 |
1,883 |
1,959 |
1,884 |
1,960 |
1,936 |
1,887 |
2,754 |
| Net Debt |
|
556 |
470 |
467 |
1,486 |
1,499 |
743 |
1,706 |
1,111 |
970 |
361 |
1,673 |
| Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Expense (NNE) |
|
359 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-39 |
-24 |
| Net Nonoperating Obligations (NNO) |
|
1,760 |
1,664 |
1,530 |
2,430 |
2,694 |
2,620 |
3,312 |
2,739 |
2,543 |
2,037 |
3,306 |
| Total Depreciation and Amortization (D&A) |
|
-11 |
-26 |
-33 |
-40 |
-48 |
-14 |
16 |
9.96 |
226 |
6.85 |
3.74 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
($19.27) |
$10.40 |
$12.95 |
$4.10 |
$3.81 |
$31.54 |
$6.96 |
$9.44 |
$22.68 |
($3.77) |
$3.29 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
43.70M |
43.72M |
43.93M |
51.18M |
51.17M |
52.69M |
52.88M |
52.16M |
51.94M |
49.25M |
48.65M |
| Adjusted Diluted Earnings per Share |
|
($19.27) |
$10.40 |
$12.91 |
$4.09 |
$3.80 |
$31.47 |
$6.94 |
$9.41 |
$22.62 |
($3.76) |
$3.27 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
43.70M |
43.72M |
43.93M |
51.18M |
51.17M |
52.69M |
52.88M |
52.16M |
51.94M |
49.25M |
48.65M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
43.70M |
43.72M |
43.93M |
51.18M |
51.17M |
52.69M |
52.88M |
52.16M |
51.94M |
49.25M |
48.65M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
-785 |
764 |
915 |
454 |
497 |
1,098 |
722 |
571 |
1,751 |
52 |
21 |
| Normalized NOPAT Margin |
|
-61.60% |
37.88% |
41.73% |
24.50% |
27.10% |
34.54% |
28.03% |
20.19% |
44.05% |
2.33% |
0.60% |
| Pre Tax Income Margin |
|
-93.07% |
34.62% |
39.64% |
20.54% |
23.19% |
45.12% |
24.60% |
25.02% |
43.65% |
-3.74% |
-2.06% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
-98.02 |
56.42 |
71.63 |
0.00 |
0.00 |
23.50 |
27.43 |
0.00 |
0.00 |
-1.18 |
-2.61 |
| NOPAT to Interest Expense |
|
-68.61 |
55.99 |
69.25 |
0.00 |
0.00 |
32.57 |
26.77 |
0.00 |
0.00 |
-0.82 |
-1.83 |
| EBIT Less CapEx to Interest Expense |
|
-98.02 |
56.42 |
71.63 |
0.00 |
0.00 |
23.50 |
27.43 |
0.00 |
0.00 |
-1.18 |
-2.61 |
| NOPAT Less CapEx to Interest Expense |
|
-68.61 |
55.99 |
69.25 |
0.00 |
0.00 |
32.57 |
26.77 |
0.00 |
0.00 |
-0.82 |
-1.83 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
-6.37% |
-8.63% |
128.86% |
14.39% |
4.59% |
3.05% |
3.36% |
3.08% |
2.34% |
3.93% |
4.97% |
| Augmented Payout Ratio |
|
-37.67% |
-23.00% |
128.86% |
17.91% |
4.59% |
3.05% |
3.36% |
5.97% |
6.67% |
26.45% |
49.20% |
Key Financial Trends
RenaissanceRe Holdings Ltd. (NYSE: RNR) has shown mixed financial performance over the past few years, with recent quarters highlighting both strengths and challenges. Below is an analysis of key trends based on the last four years of quarterly income statements, cash flow statements, and balance sheets.
- Strong Premiums Earned Growth: Premiums earned have steadily increased, reaching $2.72 billion in Q1 2025 from $1.68 billion in Q1 2023. This reflects growth in core underwriting business.
- Capital Gains Impact Profitability: There were significant net realized and unrealized capital gains in many quarters such as $748.8 million in Q1 2025 and $1.39 billion in Q3 2024, bolstering non-interest income.
- Increasing Common Shareholders' Equity: Total common equity rose to approximately $9.6 billion by Q1 2025 from about $5.1 billion in Q1 2023, showing a strengthening capital base.
- Solid Earnings per Share (EPS) in Positive Quarters: RenaissanceRe has posted solid diluted EPS in profitable quarters, such as $9.41 in Q2 2024 and $22.62 in Q3 2024, reflecting good returns to shareholders when earnings are positive.
- High Amortization Expense: The company consistently incurs high amortization expenses, ranging around $600 million per quarter, reflecting ongoing amortization of intangible assets.
- Volatile Net Income: Net income has fluctuated significantly. While Q3 2024 showed a strong profit of $1.63 billion, Q1 2025 registered a loss of $25.3 million attributable to continuing operations, indicating variability tied to investment results and underwriting claims.
- Noncontrolling Interest Effects: There is a material impact on net income attributable to noncontrolling interests, which was negative $195 million in Q1 2025, affecting the net income available to common shareholders.
- Cash and Investments Management: RenaissanceRe holds large trading account securities (~$28.5 billion in Q1 2025), with active portfolio turnover seen through significant purchases and sales of investment securities.
- Steady Dividend Payments: The company consistently pays common stock dividends, around $0.38-$0.40 per share in recent quarters, indicating a shareholder-friendly cash return policy.
- Increasing Total Non-Interest Expenses: Total non-interest expenses have grown to over $3.5 billion in Q1 2025, driven by claims, amortization, and special charges, which negatively pressure profitability.
- Rising Property & Liability Claims: Claims costs increased substantially to $2.74 billion in Q1 2025 from about $800 million in Q1 2023, reflecting significant loss events impacting underwriting results.
- Intermittent Net Losses: The company reported losses in some quarters, including Q1 2025 and Q4 2024, due to invested assets volatility and high claim expenses, raising concerns about earnings consistency.
- Increasing Debt Levels: Long-term debt: increased to $2.75 billion by Q1 2025 from about $1.14 billion in Q1 2023, potentially increasing interest burden and financial leverage risk.
Summary: RenaissanceRe has demonstrated strong revenue growth and capital gain contributions in recent years, supporting its equity build-up and shareholder returns. However, the company faces challenges from rising claims expenses and non-interest costs, causing earnings volatility, including occasional net losses. Debt levels are moderately increasing, and while cash flow from operations remains positive, ongoing investment portfolio management and claims control will be key for stable profitability.
10/23/25 10:33 PM ETAI Generated. May Contain Errors.