Saturday 17 October 2026
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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. In the quarter to June 2026, revenue fell 13.7%, EPS fell 9.91%, free cash flow fell 42.0% and total debt rose 2.98%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for three.
350.39
6.23
+1.81%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 107.27 | 120.55 | 116.50 | 127.22 | 113.27 | 137.66 | 124.18 | 174.22 | 196.95 | 219.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | 137.21 | 152.00 | 142.56 | 201.36 | 202.68 | 175.12 | 189.77 | 227.16 | 300.00 | 285.26 | |||||
| People | |||||||||||||||
| People | Employees | 376 | 384 | 411 | 566 | 604 | 649 | 718 | 925 | 945 | 1,040 | ||||
| Revenue/emp, $m | 4.60 | 5.48 | 5.05 | 7.42 | 8.56 | 8.13 | 7.05 | 9.88 | 12.38 | 12.35 | |||||
| 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 | ||||
| Gross margin, % | 52.53 | (4.97) | 25.15 | 31.95 | 26.10 | 3.54 | (16.74) | 40.35 | 31.79 | 36.44 | |||||
| EBT | 630 | (328) | 263 | 967 | 996 | (114) | (1,219) | 3,110 | 2,993 | 4,014 | |||||
| EBT margin, % | 36.48 | (15.60) | 12.66 | 23.02 | 19.25 | (2.16) | (24.09) | 34.05 | 25.59 | 31.24 | |||||
| Net income | 630 | (355) | 269 | 950 | 993 | (103) | (1,160) | 3,620 | 2,961 | 3,618 | |||||
| Depreciation | 29 | 31 | 0 | (59) | 17 | (21) | (27) | (135) | 258 | (14) | |||||
| 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 | ||||
| Earnings | 11.50 | (6.15) | 4.91 | 16.32 | 15.34 | (2.19) | (25.50) | 52.40 | 35.31 | 56.23 | |||||
| Cash flow | 11.73 | 25.74 | 30.75 | 49.57 | 42.31 | 26.18 | 37.26 | 40.25 | 81.37 | 79.74 | |||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Free cash flow | 11.73 | 25.74 | 30.75 | 49.57 | 42.31 | 26.18 | 37.26 | 40.25 | 81.37 | 79.74 | |||||
| Book value | 117.79 | 110.19 | 126.98 | 138.49 | 160.50 | 140.43 | 123.73 | 199.08 | 206.58 | 250.64 | |||||
| Shares, m | 41 | 40 | 40 | 43 | 47 | 47 | 43 | 47 | 51 | 46 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 11.83 | 0.00 | 27.17 | 11.96 | 10.74 | 0.00 | 0.00 | 3.90 | 7.08 | 4.95 | ||||
| P/S | 3.25 | 2.30 | 2.56 | 2.01 | 1.51 | 1.51 | 1.58 | 1.04 | 1.09 | 1.01 | |||||
| P/B | 1.26 | 1.21 | 1.21 | 1.59 | 1.11 | 1.36 | 1.75 | 1.09 | 1.30 | 1.20 | |||||
| EV/Sales | 3.55 | 2.13 | 2.50 | 2.01 | 1.39 | 1.38 | 1.58 | 1.05 | 1.11 | 1.06 | |||||
| EV/FCF | 12.67 | 4.36 | 4.25 | 3.96 | 3.62 | 5.91 | 4.97 | 5.01 | 3.11 | 3.69 | |||||
| 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 | ||||
| Capex | — | — | — | (4) | — | — | — | — | — | — | |||||
| Free cash flow | 485 | 1,026 | 1,222 | 2,137 | 1,993 | 1,235 | 1,604 | 1,912 | 4,165 | 3,693 | |||||
| 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) | ||||
| Total debt | 949 | 990 | 991 | 1,384 | 1,136 | 1,168 | 1,170 | 1,959 | 1,887 | 2,329 | |||||
| Net debt | 528 | (372) | (117) | 5 | (601) | (691) | (24) | 81 | 210 | 598 | |||||
| Shareholders’ equity | 4,867 | 4,391 | 5,045 | 5,971 | 7,560 | 6,624 | 5,325 | 9,455 | 10,574 | 11,609 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.97 | (1.78) | 1.15 | 3.13 | 2.53 | (0.23) | (3.11) | 5.82 | 3.63 | 4.98 | ||||
| ROIC | 7.30 | (5.10) | 3.33 | 10.12 | 8.94 | (1.20) | (14.37) | 20.38 | 17.35 | 20.55 | |||||
| ROE | 10.80 | (5.80) | 4.65 | 14.48 | 11.69 | (1.15) | (21.01) | 37.48 | 19.51 | 25.19 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 | $17.2B | 11.5× | 8.4× | +18.54% (above 0%: growing) | +159.93% (above 0%: growing) | −40.98% (below 0%: shrinking) | 15.58% | 10.73% | Compare |
| EG Everest Group, Ltd. | $14.6B | 8.2× | 6.4× | −11.80% (below 0%: shrinking) | −11.68% (below 0%: shrinking) | −73.12% (below 0%: shrinking) | 18.99% | 18.15% | Compare |
| RNR RenaissanceRe Holdings Ltd. | $14.3B | 6.0× | 9.0× | −13.66% (below 0%: shrinking) | −9.91% (below 0%: shrinking) | −42.00% (below 0%: shrinking) | 45.62% | 41.52% | |
| HG Hamilton Insurance Group, Ltd. | $3.5B | 6.1× | 7.1× | +13.34% (above 0%: growing) | −21.62% (below 0%: shrinking) | −42.62% (below 0%: shrinking) | 56.94% | 31.21% | Compare |
| SPNT SiriusPoint Ltd. | $2.9B | 5.9× | 8.3× | −0.55% (below 0%: shrinking) | +15.69% (above 0%: growing) | −108.37% (below 0%: shrinking) | 30.79% | 30.47% | Compare |
| GLRE Greenlight Capital Re, Ltd. | $481.1M | 9.8× | — (loss-making) | −14.15% (below 0%: shrinking) | n/m | −54.17% (below 0%: shrinking) | (13.58%) | (13.58%) | Compare |
| KG Kestrel Group Ltd | $36.2M | — (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 | $7.5M | 50.0× | — (loss-making) | +41.57% (above 0%: growing) | n/m | +87.70% (above 0%: growing) | 95.32% | 31.17% | Compare |
| Median of peers | $2.9B | 9.0× | 7.7× | +13.34% | +2.01% | −42.62% | 30.79% | 18.15% |
RenaissanceRe Holdings Ltd. (RNR) key facts
- Strength: RenaissanceRe Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $12.8 billion, up 9.86% from fiscal 2024.
- RenaissanceRe Holdings Ltd. (RNR) is an Insurance Reinsurance company in the Financial sector, listed on the New York Stock Exchange.
- As of October 16, 2026, RNR traded at $350.39, a market capitalization of $14.3 billion.
- RenaissanceRe Holdings Ltd. pays an annual dividend of $1.63 per share, a yield of 0.47%, with a payout ratio of 2.80%.
- Return on equity was 25.2% and debt-to-equity 0.20.
- Its Piotroski F-score is 7 out of 9 for fiscal 2025.
RenaissanceRe Holdings Ltd. (RNR) Latest News
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