Market Overview

RenaissanceRe Holdings: Q3 Earnings Insights

Share:

Shares of RenaissanceRe Holdings (NYSE:RNR) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 1010.34% year over year to ($2.64), which missed the estimate of $0.09.

Revenue of $1,332,000,000 up by 26.74% from the same period last year, which beat the estimate of $1,270,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

RenaissanceRe Holdings hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $202.68

52-week low: $113.27

Price action over last quarter: down 5.02%

Company Overview

RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property catastrophe and specialty reinsurance risks. Revenue is primarily derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are property, and casualty and specialty.

 

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Posted-In: Earnings