OverviewSuggest Edit

RenaissanceRe is a provider of reinsurance and insurance services. It offers property, casualty, and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries.
TypePublic
Founded1993
HQHamilton, BM
Websiterenre.com
Employee Ratings4

Latest Updates

Employees (est.) (Feb 2021)604(+7%)
Revenue (FY, 2020)$5.8 B(+21%)
Share Price (Nov 2021)$156.4
Cybersecurity ratingAMore
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Key People/Management at RenaissanceRe

Kevin O'Donnell

Kevin O'Donnell

President and Chief Executive Officer, Dirtector
Aditya K. Dutt

Aditya K. Dutt

Senior Vice President and Head of RenaissanceRe Ventures Ltd.
Jonathan Paradine

Jonathan Paradine

Chief Executive, Renaissance Reinsurance Ltd & DaVinci Reinsurance Ltd.
Robert Qutub

Robert Qutub

Executive Vice President and Chief Financial Officer
Mark A. Wilcox

Mark A. Wilcox

Senior Vice President and Chief Accounting Officer
James L. Gibbons

James L. Gibbons

Chairman of the Board
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RenaissanceRe Office Locations

RenaissanceRe has offices in Hamilton, New York, Schaumburg, South Kingstown and in 6 other locations
Hamilton, BM (HQ)
12 Crow Lane Pembroke
Sydney, AU
Australia Square, level 21/264 George St
Dublin 2, IE
Hardwicke House, Hatch Street Upper, Saint Kevin's
Singapore, SG
50 Collyer Quay
Zürich, CH
Beethovenstrasse 33
London, GB
125 Old Broad St
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RenaissanceRe Financials and Metrics

RenaissanceRe Revenue

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View revenue for all periods
RenaissanceRe's revenue was reported to be $5.81 b in FY, 2020 which is a 20.8% increase from the previous period.
USD

Revenue (Q3, 2021)

1.5b

Gross profit (Q3, 2021)

(253.3m)

Gross profit margin (Q3, 2021), %

(16.4%)

Net income (Q3, 2021)

(638.9m)

Market capitalization (12-Nov-2021)

7.2b

Closing stock price (12-Nov-2021)

156.4

Cash (30-Sept-2021)

1.4b

EV

6.9b
RenaissanceRe's current market capitalization is $7.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

3.3b4.8b5.8b

Revenue growth, %

45%21%

Cost of goods sold

1.1b2.1b2.9b

Gross profit

2.2b2.7b2.9b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

807.1m1.2b1.1b896.3m1.5b1.3b861.9m1.5b1.5b

Cost of goods sold

227.0m453.4m654.5m571.0m510.3m942.0m867.1m520.0m1.8b

Gross profit

580.1m785.0m396.6m325.3m1.0b390.3m(5.1m)957.3m(253.3m)

Gross profit Margin, %

72%63%38%36%67%29%(1%)65%(16%)
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.1b1.4b1.7b

Total Assets

18.7b26.3b30.8b

Long-term debt

991.1m1.4b1.1b

Total Debt

991.1m1.4b1.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

1.0b670.6m871.3m896.2m1.2b1.3b1.3b1.8b1.4b

Total Assets

24.6b26.1b25.6b27.5b30.5b31.0b32.2b32.7b33.5b

Long-term debt

1.2b1.4b1.4b1.1b1.1b1.1b1.1b1.1b1.1b

Total Debt

1.2b1.4b1.4b1.1b1.1b1.1b1.1b1.1b1.1b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

268.9m950.3m993.1m

Depreciation and Amortization

123.0k(59.0m)16.7m

Cash From Operating Activities

1.2b2.1b2.0b

Cash From Investing Activities

(2.5b)(3.0b)(2.3b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

353.1m802.0m909.9m25.2m727.0m801.4m(330.5m)247.2m(391.7m)

Depreciation and Amortization

(3.6m)(16.5m)(27.2m)(4.4m)(8.5m)(1.9m)1.7m(7.9m)(16.4m)

Cash From Operating Activities

377.1m784.0m1.3b475.5m857.0m1.3b206.5m335.2m801.9m

Cash From Investing Activities

(616.0m)(2.1b)(2.3b)(530.3m)(1.7b)(2.1b)(463.1m)118.4m(654.9m)
USDFY, 2018

EV/CFO

4.5 x

Revenue/Employee

8.6m

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

3.7 x

P/E Ratio

27.2
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RenaissanceRe Operating Metrics

RenaissanceRe's Reported Claims, units was reported to be 1.9 k in FY, 2020.
FY, 2018FY, 2019FY, 2020

Reported Claims, units

1.29 k1.68 k1.91 k
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RenaissanceRe Revenue Breakdown

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RenaissanceRe revenue breakdown by business segment: 48.3% from Casualty and Specialty and 51.7% from Property

RenaissanceRe revenue breakdown by geographic segment: 38.0% from Worldwide, 5.4% from Europe, 50.5% from US and Caribbean and 6.2% from Other

RenaissanceRe Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

RenaissanceRe Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

RenaissanceRe Online and Social Media Presence

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RenaissanceRe News and Updates

RenaissanceRe 15th Risk Mitigation Leadership Forum Focuses on Community Solutions to Advance Climate Change Resiliency Globally

The 15th annual forum sought to advance risk mitigation efforts and awareness, support community preparedness and resilience, and strategize how to better prepare for, and respond to, natural catastrophes. Using Portsmouth as a case study, the forum established a real-world framework that can be app…

RenaissanceRe Holdings Ltd. Announces Quarterly Dividend and Renewal of Share Repurchase Program

The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the “Company”) announced today a quarterly dividend of $0.36 per common share on its common shares. The dividend is payable on September 30, 2021, to shareholders of record on September 15, 2021

RenaissanceRe Reports Net Income Available to Common Shareholders of $456.8 Million;Operating Income Available to Common Shareholders of $278.1 Million in the Second Quarter of2021. Reports Strong Growth in Gross Premiums Written

RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the “Company”) today announced its financial results for the three months ended June 30, 2021.

RenaissanceRe Announces Redemption of 5.375% Series E Preference Shares

RenaissanceRe Holdings Ltd. (NYSE:RNR) (the “Company” or “RenaissanceRe”) announced today that it has decided to call all 11,000,000 of its outstanding 5.375% Series E Preference Shares (NYSE: RNRPRE; CUSIP: G7498P 119)

RenaissanceRe Announces $500 Million Public Offering of Depositary Shares Representing 4.20% Series G Preference Shares

RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) announced today it has agreed to sell in an underwritten public offering 20,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a share of its 4.20% Series G Preference Shares, $1.00 par value and $25,…

RenaissanceRe Schedules Second Quarter 2021 Financial Results Conference Call

RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) will conduct an investment community conference call on Friday, July 23, 2021, at 10:00 a.m. ET to discuss its financial results for the second quarter of 2021, as well as the Company's outlook. RenaissanceRe will release its…
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RenaissanceRe Blogs

RenaissanceRe Reports Net Loss Attributable to Common Shareholders of $450.2 Million; Operating Loss Attributable to Common Shareholders of $414.5 Million in the Third Quarter of 2021

Hurricane Ida, severe flooding in Northwestern Europe , and aggregate losses associated with these and other events contributed to a $726.8 million net negative impact on net loss attributable to common shareholders. Strong growth in gross premiums written of $631.1 million , or 55.2%, across both

RenaissanceRe’s 15th Risk Mitigation Leadership Forum Focuses on Community Solutions to Advance Climate Change Resiliency Globally

Government officials, scientists, and private sector leaders examined Portsmouth, Virginia as a case study to apply risk intelligence and lessons learned to global communities PEMBROKE , Bermuda --(BUSINESS WIRE)--Sep. 30, 2021-- RenaissanceRe (NYSE: RNR) hosted thought leaders, risk scientists,

RenaissanceRe Schedules Third Quarter 2021 Financial Results Conference Call

PEMBROKE, Bermuda --(BUSINESS WIRE)--Sep. 28, 2021-- RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) will conduct an investment community conference call on Tuesday, October 26, 2021 , at 10:00 a.m. ET to discuss its financial results for the third quarter of 2021, as

RenaissanceRe Reports Net Income Available to Common Shareholders of $456.8 Million; Operating Income Available to Common Shareholders of $278.1 Million in the Second Quarter of 2021. Reports Strong Growth in Gross Premiums Written.

RenaissanceRe Reports Net Income Available to Common Shareholders of $456.8 Million; Operating Income Available to Common Shareholders of $278.1 Million in the Second Quarter of 2021. Reports Strong Growth in Gross Premiums Written. renee.wong@west.com Thu, 07/22/2021 - 16:16 RenaissanceRe…

RenaissanceRe Announces Redemption of 5.375% Series E Preference Shares

PEMBROKE, Bermuda --(BUSINESS WIRE)--Jul. 12, 2021-- RenaissanceRe Holdings Ltd. (NYSE:RNR) (the “Company” or “RenaissanceRe”) announced today that it has decided to call all 11,000,000 of its outstanding 5.375% Series E Preference Shares (NYSE: RNRPRE; CUSIP: G7498P 119) (the “Series E Preference

RenaissanceRe Announces $500 Million Public Offering of Depositary Shares Representing 4.20% Series G Preference Shares

RenaissanceRe Announces $500 Million Public Offering of Depositary Shares Representing 4.20% Series G Preference Shares Content Import Wed, 07/07/2021 - 19:50 RenaissanceRe Announces $500 Million Public Offering of Depositary Shares Representing 4.20% Series G Preference Shares …
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RenaissanceRe Frequently Asked Questions

  • When was RenaissanceRe founded?

    RenaissanceRe was founded in 1993.

  • Who are RenaissanceRe key executives?

    RenaissanceRe's key executives are Kevin O'Donnell, Aditya K. Dutt and Jonathan Paradine.

  • How many employees does RenaissanceRe have?

    RenaissanceRe has 604 employees.

  • What is RenaissanceRe revenue?

    Latest RenaissanceRe annual revenue is $5.8 b.

  • What is RenaissanceRe revenue per employee?

    Latest RenaissanceRe revenue per employee is $9.6 m.

  • Who are RenaissanceRe competitors?

    Competitors of RenaissanceRe include Reinsurance Group of America, Validus Holdings and Global Indemnity.

  • Where is RenaissanceRe headquarters?

    RenaissanceRe headquarters is located at 12 Crow Lane Pembroke, Hamilton.

  • Where are RenaissanceRe offices?

    RenaissanceRe has offices in Hamilton, New York, Schaumburg, South Kingstown and in 6 other locations.

  • How many offices does RenaissanceRe have?

    RenaissanceRe has 11 offices.