RenaissanceRe (RNR) Tops Q3 EPS by 27c, Revenues Beat

RenaissanceRe (NYSE: RNR) reported Q3 EPS of $0.52, $0.27 better than the analyst estimate of $0.25. Revenue for the quarter came in at $629.75 million versus the consensus estimate of $565.18 million.

Kevin J. O’Donnell, President and Chief Executive Officer of RenaissanceRe, commented: “Once again this quarter, our industry experienced multiple large catastrophic events around the world. It is a strong testament to our strategy that we were able to support our customers by promptly paying their claims while still recording positive net and operating income, as well as growth in tangible book value per share plus accumulated dividends. Our track record of sourcing large, one of a kind opportunities to provide bespoke solutions to key customers remains unparalleled in the industry. We remain confident in our strategy and our ability to deliver long-term shareholder value.”

For earnings history and earnings-related data on RenaissanceRe (RNR) click here.

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