RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer’s liability, casualty clash, umbrella or excess casualty, workers’ compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. It distributes products and services primarily through intermediaries. The company invests in and manages funds. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
Resilient Reinsurance | RenaissanceRe outperforms peers amid quiet hurricane season, showcasing strong financial metrics and effective risk management strategies |
Financial Fortitude | Explore RenaissanceRe's impressive turnaround in pre-tax profit growth and significant increase in adjusted earnings per share |
Market Positioning | Delve into RenaissanceRe's competitive advantage in the reinsurance industry, benefiting from multiple market scenarios and disciplined underwriting |
Future Prospects | Analysts project continued growth with EPS forecasts reaching $40.60 for FY24, and price targets ranging from $280 to $298 |
Metrics to compare | RNR | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipRNRPeersSector | |
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P/E Ratio | 3.9x | 5.5x | 8.7x | |
PEG Ratio | 0.03 | 0.07 | 0.03 | |
Price/Book | 1.3x | 1.4x | 1.0x | |
Price / LTM Sales | 1.1x | 1.2x | 2.7x | |
Upside (Analyst Target) | 7.3% | 0.0% | 10.5% | |
Fair Value Upside | Unlock | 19.7% | 2.7% | Unlock |