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RenaissanceRe Reports Q4 EPS of $2.23 vs. $2.05

RenaissanceRe Holdings Ltd. (NYSE: RNR) today reported net income available to RenaissanceRe common shareholders of $122.6 million or $2.23 per diluted common share in the fourth quarter of 2010, compared to $211.8 million or $3.38 per diluted common share, in the fourth quarter of 2009.

Operating income available to RenaissanceRe common shareholders was $189.1 million for the fourth quarter of 2010, or $3.47 per diluted common share, compared to $177.7 million, or $2.82 per diluted common share, in the fourth quarter of 2009. The Company reported an annualized return on average common equity of 14.6% and an annualized operating return on average common equity of 22.5% in the fourth quarter of 2010, compared to 27.1% and 22.7%, respectively, in the fourth quarter of 2009.

For the year, the Company reported a 21.7% return on average common equity and a 16.5% operating return on average common equity, compared to 30.2% and 27.6%, respectively, for 2009. See Comments on Regulation G for a reconciliation of non-GAAP measures.

Posted-In: Earnings News

 

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