Sector: Financials | Industry: Reinsurance |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Renaissance House, 12 Crow Lane PEMBROKE HM 19 |
Tel: | 1-441-2954513 |
Website: | https://www.renre.com |
IR: | See website |
Key People | ||
Kevin J. O'Donnell President, Chief Executive Officer, Director | Robert Qutub Chief Financial Officer, Executive Vice President | Shannon Lowry Bender Executive Vice President, Group General Counsel and Corporate Secretary |
Ross A. Curtis Executive Vice President, Chief Portfolio Officer | David E. Marra Executive Vice President, Group Chief Underwriting Officer | James C. Fraser Senior Vice President, Chief Accounting Officer | Sean G. Brosnan Senior Vice President, Chief Investment Officer |
Business Overview |
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. The Company has two segments. The Property segment is comprised of catastrophe and other property reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Casualty and Specialty segment is comprised of casualty and specialty reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Company writes catastrophe reinsurance and insurance coverage protecting against natural and man-made catastrophes, such as earthquakes, hurricanes, typhoons and tsunamis, winter storms, freezes, floods, fires, windstorms, tornadoes, explosions and acts of terrorism, among others. Its subsidiaries include Renaissance Reinsurance Ltd., Validus Reinsurance Ltd. and others. |
Financial Overview |
For the fiscal year ended 31 December 2023, Renaissancere Holdings Ltd revenues increased 64% to $8.38B. Net income applicable to common stockholders totaled $2.49B vs. loss of $1.1B. Revenues reflect Gross investment income increase from $581.5M to $1.28B. Net Income reflects Equity in earnings (losses) of other ven increase from $11.2M to $43.5M (income). |
Employees: | 925 as of Feb 14, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $12,436M as of Dec 31, 2023 |
Annual revenue (TTM): | $8,374M as of Dec 31, 2023 |
EBITDA (TTM): | $4,222M as of Dec 31, 2023 |
Net annual income (TTM): | $2,488M as of Dec 31, 2023 |
Free cash flow (TTM): | $1,801M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $81.14M as of Dec 31, 2023 |
Shares outstanding: | 52,710,222 as of Mar 12, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |