RenaissanceRe (NYSE: RNR) reported Q1 EPS of $0.09, $0.38 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $861.9 million versus the consensus estimate of $960.68 million.

Kevin J. O’Donnell, President and Chief Executive Officer, said, “We materially grew our underwriting portfolio while returning significant capital to our shareholders during a quarter that was negatively impacted by Winter Storm Uri and volatile capital markets. Going forward, we anticipate additional opportunities to grow into a broadly improving market by matching desirable risk with efficient capital, both on our wholly owned balance sheets and in our industry-leading RenaissanceRe Capital Partners business. Together with improved yields in our investment portfolio, this diligent execution of our strategy will further contribute to shareholder value creation.”

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