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RenaissanceRe Holdings Ltd.

RNR Financial Insurance Reinsurance

RenaissanceRe Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $12.8 billion, up 9.86% from fiscal 2024.

Revenue
−47.1%
EPS
−120.7%
Free cash flow
−49.8%
Total debt
+4.60%

Quarter to September 2026, against a year earlier

352.36 1.30 −0.37%
Market cap
$14.3B
P/E
10.1×
Fwd P/E
11.8×
Dividend yield
0.46%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 12.98
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 2 — — 1 — 1 3 — — —
Insider Ownership 2.00%

Capital & Financial Ratios $m

Size
Market Cap 14,310.00
Revenue ttm 9,627.79
Net income ttm 2,639.93
Free cash flow ttm 2,817.40
Net debt Q 1,233.49
Valuation
P/E 10.08
Forward P/E 11.80
Price / sales 1.47
Forward P/S Powerpack
Price / FCF 5.04
Price / book 1.34
Financial health
Current ratio Q 0.47
Debt / equity Q 0.21
Interest coverage Q (0.01)
Growth
Revenue growth Q −47.11% (below 0%: shrinking)
Operating income growth Q −102.16% (below 0%: shrinking)
EPS, this year +26.38% (at or above 15%: strong)
EPS, next year A −14.05% (below 0%: weak)
Revenue, next year A −37.78% (below 0%: weak)
EPS, past 5 yrs +29.63% (at or above 15%: strong)
EPS, next 5 yrs A +5.05%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 39.27%
10-year low 10-year high
P/S against its own 10 years 46.17%
10-year low 10-year high
P/B against its own 10 years 74.48%
10-year low 10-year high

Dividends raised every year since 2017

Yield
0.46%
Annual rate
1.63
Payout ratio
4.69%
Growth, 2017–25
+2.83%/yr
  1. 1.28 ’17
  2. 1.32 ’18 +3
  3. 1.36 ’19 +3
  4. 1.40 ’20 +3
  5. 1.44 ’21 +3
  6. 1.48 ’22 +3
  7. 1.52 ’23 +3
  8. 1.56 ’24 +3
  9. 1.60 ’25 +3
  10. 1.64 ’26e +2
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,878 1,677 1,731 1,098
Receivables 14,172 12,752 12,561 13,843
Inventory — — — —
Other — — — —
16,049 14,428 14,292 14,942
2023 2024 2025 Q'26
Payables 29,809 30,058 30,871 31,644
ST’ Debt — — — —
Other — — — —
29,809 30,058 30,871 31,644

Compound Annual Growth %

10y 5y 3y
Sales 23.83% 19.96% 36.42%
Cash Flow 24.14% 13.13% 32.06%
Earnings 20.48% 29.23% 0.00%
Book Value 9.39% 8.96% 29.66%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 11.26 Actual 12.71

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 10.59 13.34 Beat by 2.75
Q1 FY26 11.07 13.75 Beat by 2.68
Q2 FY26 11.44 12.92 Beat by 1.48
Q3 FY26 11.26 12.71 Beat by 1.45
Q4 FY26 10.01 — Reports 2 February 2027

EPS $

Mar Jun Sep Dec Year
’26 6.57 15.48 (4.02) — —
’25 3.27 17.20 19.47 16.75 56.03
’24 6.94 9.41 22.62 (3.95) 35.21
’23 12.91 4.09 3.80 30.43 52.27
’22 (9.10) (7.53) (19.27) 10.27 (25.50)
’21 (5.87) 9.35 (9.75) 4.65 (2.19)
’20 (1.89) 12.63 0.94 3.74 15.31
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,195 2,769 1,691 — —
’25 3,470 3,207 3,198 2,973 12,848
’24 2,599 2,829 3,974 2,293 11,695
’23 2,205 1,853 1,836 3,240 9,135
’22 876 867 1,287 2,031 5,060
’21 862 1,477 1,545 1,394 5,278
’20 896 1,548 1,332 1,395 5,172
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 688 852 795 — —
’25 158 1,470 1,583 483 3,693
’24 683 1,212 1,490 779 4,165
’23 436 191 772 512 1,912
’22 168 101 601 733 1,604
’21 207 129 467 433 1,235
’20 475 381 473 663 1,993
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 688 852 795 — —
’25 158 1,470 1,583 483 3,693
’24 683 1,212 1,490 779 4,165
’23 436 191 772 512 1,912
’22 168 101 601 733 1,604
’21 207 129 467 433 1,235
’20 475 381 473 663 1,993
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 38.4% a year for ten years. It grew 2.6% a year over the last ten.

Implied
38.4%
10 years, reported
2.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,728 2,104 2,075 4,202 5,172 5,278 5,060 9,135 11,695 12,848 9,628 +25.0% 7,994 7,933 7,889 (15.0%)
Gross margin, % 52.53 (4.97) 25.15 31.95 26.10 3.54 (16.74) 40.35 31.79 36.44 36.30 (16.1) pt
EBT 630 (328) 263 967 996 (114) (1,219) 3,110 2,993 4,014 2,898 +22.8%
EBT margin, % 36.48 (15.60) 12.66 23.02 19.25 (2.16) (24.09) 34.05 25.59 31.24 30.10 (5.2) pt
Net income 630 (355) 269 950 993 (103) (1,160) 3,620 2,961 3,618 2,640 +21.4%
Per share, $
Per share, $ Revenue 41.82 52.78 52.22 97.45 109.81 111.88 117.57 192.34 228.48 277.40 239.00 +23.4%
Earnings 11.50 (6.15) 4.91 16.32 15.34 (2.19) (25.50) 52.40 35.31 56.23 34.94 +19.3%
Cash flow 11.73 25.74 30.75 49.57 42.31 26.18 37.26 40.25 81.37 79.74 69.94 +23.7%
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 11.73 25.74 30.75 49.57 42.31 26.18 37.26 40.25 81.37 79.74 69.94 +23.7%
Book value 117.79 110.19 126.98 138.49 160.50 140.43 123.73 199.08 206.58 250.64 281.81 +8.8%
Shares, m 41 40 40 43 47 47 43 47 51 46 43 +1.3%
Valuation, ×
Valuation, × P/E 11.83 0.00 27.17 11.96 10.74 0.00 0.00 3.90 7.08 4.95 10.08 7.8
P/S 3.25 2.30 2.56 2.01 1.51 1.51 1.58 1.04 1.09 1.01 1.47 1.8
P/B 1.26 1.21 1.21 1.59 1.11 1.36 1.75 1.09 1.30 1.20 1.34 1.3
EV/Sales 3.55 2.13 2.50 2.01 1.39 1.38 1.58 1.05 1.11 1.06 — 1.8
EV/FCF 12.67 4.36 4.25 3.96 3.62 5.91 4.97 5.01 3.11 3.69 — 5.2
Cash, $m
Cash, $m Operating cash flow 485 1,026 1,222 2,137 1,993 1,235 1,604 1,912 4,165 3,693 2,817 +25.3%
Capex — — — (4) — — — — — — — —
Free cash flow 485 1,026 1,222 2,137 1,993 1,235 1,604 1,912 4,165 3,693 2,817 +25.3%
Balance, $m
Balance, $m Working capital (2,519) (2,658) (3,804) (7,130) (7,684) (9,542) (11,963) (13,760) (15,630) (16,579) (16,702) +23.3%
Net debt 528 (372) (117) 5 (601) (691) (24) 81 210 598 1,233 +1.4%
Shareholders’ equity 4,867 4,391 5,045 5,971 7,560 6,624 5,325 9,455 10,574 11,609 11,353 +10.1%
Returns, %
Returns, % ROA 3.97 (1.78) 1.15 3.13 2.53 (0.23) (3.11) 5.82 3.63 4.98 2.75 +1.0 pt
ROIC 7.30 (5.10) 3.33 10.12 8.94 (1.20) (14.37) 20.38 17.35 20.55 14.39 +13.3 pt
ROE 10.80 (5.80) 4.65 14.48 11.69 (1.15) (21.01) 37.48 19.51 25.19 14.06 +14.4 pt
People
People Employees 376 384 411 566 604 649 718 925 945 1,040 — +12.0%
Revenue/emp, $m 4.60 5.48 5.05 7.42 8.56 8.13 7.05 9.88 12.38 12.35 — +11.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

RenaissanceRe provides reinsurance and insurance around the world. Its main business is reinsurance: it accepts risks from insurance companies and other reinsurers in return for premiums. That can help those customers manage the financial impact of claims they have agreed to pay. The company also sells certain insurance solutions, mainly through arrangements that delegate authority to write business on its behalf.

Its Property segment covers catastrophes and other property risks. For example, a catastrophe reinsurance contract can protect an insurer against losses from events such as hurricanes, earthquakes or floods. Under an excess-of-loss contract, RenaissanceRe generally begins paying when the customer’s claims exceed an agreed amount that the customer retains.

RenaissanceRe Holdings Ltd. vs peers in Insurance Reinsurance (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RGA Reinsurance Group of America, Incorporated $17.1B 11.4× 10.4× +18.54% (above 0%: growing) +159.93% (above 0%: growing) +40.98% (above 0%: growing) 15.58% 10.73% Compare
EG Everest Group, Ltd. $15.5B 8.8× 8.1× −14.03% (below 0%: shrinking) +0.49% (above 0%: growing) −54.28% (below 0%: shrinking) 9.00% 8.19% Compare
RNR RenaissanceRe Holdings Ltd. $14.3B 10.1× 11.8× −47.11% (below 0%: shrinking) n/m −49.80% (below 0%: shrinking) 7.22% (0.01%)
HG Hamilton Insurance Group, Ltd. $3.6B 6.2× 6.9× +13.34% (above 0%: growing) −21.62% (below 0%: shrinking) −42.62% (below 0%: shrinking) 56.94% 31.21% Compare
SPNT SiriusPoint Ltd. $3.1B 6.2× 10.0× +14.78% (above 0%: growing) +1.35% (above 0%: growing) +9.25% (above 0%: growing) 29.56% 0.00% Compare
GLRE Greenlight Capital Re, Ltd. $528.1M 9.4× — (loss-making) +1.52% (above 0%: growing) n/m −84.18% (below 0%: shrinking) 12.42% 12.42% Compare
KG Kestrel Group Ltd $32.4M — (loss-making) — (loss-making) +20.12% (above 0%: growing) n/m −29.99% (below 0%: shrinking) 62.64% (94.30%) Compare
OXBR Oxbridge Re Holdings Limited $6.3M 38.5× — (loss-making) +41.57% (above 0%: growing) n/m +87.70% (above 0%: growing) 95.32% 31.17% Compare
Median of peers $3.1B 9.1× 9.0× +14.78% +0.92% −29.99% 29.56% 10.73%

All 8 Insurance Reinsurance stocks →

From the latest earnings call

Updated

  • CEO Kevin O’Donnell said RenaissanceRe extended its retained investment portfolio’s duration as interest rates rose, locking in higher yields for longer.
  • O’Donnell said property catastrophe rates were likely to decline in 2027 and that RenaissanceRe would preserve casualty margins if investment income became a larger share of profits.

Pay and ownership Proxy statement filed 18 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 12.95m 25.33m 176.40
2024 11.67m 27.85m 155.11
2023 23.68m 30.20m 121.41
2022 10.23m 10.19m 113.23
2021 8.94m 8.24m 103.07
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

RenaissanceRe Holdings Ltd. (RNR) Latest News

31 Oct

Impact 3 · · StockStory

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 4 · · MarketBeat
Impact 4 · · Moby transcript
Impact 3 · · Associated Press

27 Oct

Impact 4 · · StockStory
Impact 4 ·
Impact 3 · · Zacks
Impact 3 · · Zacks

26 Oct

Impact 4 · · Zacks
Impact 3 · · StockStory

23 Oct

Impact 4 · · Simply Wall St.

21 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

20 Oct

Impact 4 · · Zacks

19 Oct

Impact 4 · · StockStory

16 Oct

Impact 3 · · Zacks

12 Oct

Impact 3 · · Zacks

27 Sep

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

31 Aug

Impact 3 ·

8 Aug

Impact 3 ·

24 Jul

Impact 3 ·
Impact 3 ·

23 Jul

Impact 3 · · MarketBeat transcript
Impact 3 · transcript
Impact 3 · · Moby transcript

22 Jul

Impact 4 ·
Impact 4 ·
Impact 3 ·

RNR metrics, ten years each

stockrow.com/RNR · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com