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Renaissancere Holdings Ltd

Renaissancere Holdings Ltd

RNR
$324.99USD↓-0.47%-1.54 today

MARKET CAP

13.5B

P/E (TTM)

5.4x

FWD P/E

—

DAY RANGE

$323 – $330

52W RANGE

$231
$340

AI Summary

Stalk
Buy NowMedium

The stock remains in a Stage 2 up-advance, reinforced by a higher high/low sequence and rising EMAs. The recent normal pullback into the 9/20/50 EMA confluence offers a favorable entry. Medium-term bias is bullish, and short-term timing conditions support immediate participation on this pullback. Key risk is a deeper break below the 50-day EMA, which would invalidate the current advance.

  • ↑Q2 operating income $548M; 20% annualized operating ROE.
  • ↑$350M Q2 share repurchases; tangible book value +10% YTD.
  • ↓Gross premiums written down 12% in Q2, pressuring top-line growth.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

RenaissanceRe Holdings Ltd. (NYSE: RNR) is a leading global provider of reinsurance and insurance solutions, specifically focusing on property catastrophe risk, casualty, and specialty lines. The company has established itself as a resilient player in the reinsurance market, leveraging a diversified portfolio and disciplined capital management strategy to optimize profitability. With a strong emphasis on risk management, RenaissanceRe navigates fluctuating market dynamics, making it a prominent participant in the evolving reinsurance landscape.

Bull says

  • ↑Q2 operating income $548M; 20% annualized operating ROE.
  • ↑$350M Q2 share repurchases; tangible book value +10% YTD.
  • ↑Combined ratio of 72% reflects disciplined underwriting and strong margins.
  • ↑Grew U.S. property catastrophe capacity by $600M at mid-year renewals.
  • ↑High earnings yield, low leverage risk, and stable stock price signal quality.

Bear says

  • ↓Gross premiums written down 12% in Q2, pressuring top-line growth.
  • ↓10% rate declines could lift loss ratios, squeezing margins.
  • ↓Low dividend yield (~3.5%) limits cash returns for investors.
  • ↓Social inflation continues to impact casualty segment profitability.
  • ↓Competition from reinsurers’ retained earnings erodes pricing power.
  • ↓Analyst earnings revisions trending downward, indicating skepticism.

Investment themes with RNR

Buybacks↓ -0.29%

Companies repurchasing their own shares

C · JCI · WFC
P&C Insurance↓ -0.79%

TRV · CB · AON

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-11-2026bullish

Transcript signals

Bull points

  • We delivered outstanding results this quarter with annualized return on equity of 34% and operating return on equity of 24%.
  • Operating income per share was $12.29, our second-best result ever, exceeded only by this quarter last year.
  • Performance was strong across each of our three drivers of profit, with underwriting income of $602 million, up 26% from last year, fees of $95 million, which fully recovered from losses last quarter, and retained net investment income of $286 million, which remains a consistent and significant contributor to our bottom line.

Bear points

  • Our interest expense was somewhat elevated due to an overlap between some maturing debt in the quarter and the new issuances from Q1.
  • Our operating expense ratio was 5.2%, up about a point from the second quarter of last year.
  • we are seeing increased competition and lower rates for E&S property business. We are monitoring this closely and will adjust our portfolio with respect to business that does not meet our hurdles.
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