Renaissancere Holdings Ltd

Price has decisively broken above its multi-month resistance on strong volume, confirming a Momentum Breakout with supportive EMAs. Both short-term and medium-term biases remain bullish, indicating favorable conditions for continuation. We will Buy Now into the breakout area to participate in the next leg higher.

• ↑Operating income $1.9B in 2025; tangible book value +30% YoY.
• ↑Adjusted combined ratio 71% in Q4; underwriting income $669M.
• ↓Property catastrophe rates projected to drop mid-single digits, pressuring premiums.