Renaissancere Holdings Ltd (RNR) News & EventsRNRRenaissancere Holdings Ltd

Company Reports Q2 Revenue of $2.77B, Beating Expectations

Reports Q2 revenue $2.77B, consensus $2.39B. Reports annualized return on average common equity of 24.0% and annualized operating return on average common equity of 20.1%. Kevin J. O'Donnell, President and Chief Executive Officer, said, "We delivered strong results in the second quarter, growing book value per common share by 5.7% to $264.77, with annualized return on average common equity of 24.0% and annualized operating return on average common equity of 20.1%. Each of our Three Drivers of Profit - Underwriting, Fee and Net Investment Income - contributed meaningfully to this outcome, with a diversified income base that supports enhanced earnings stability."