RenaissanceRe (RNR) Reports Q2 EPS of $5.23, Revenues Beat

RenaissanceRe (NYSE: RNR) reported Q2 EPS of $5.23, versus $2.94 reported last year. Revenue for the quarter came in at $607.5 million versus the consensus estimate of $562.27 million.

Kevin J. O\'Donnell, CEO, commented: “We celebrated our 25th anniversary as a company this quarter, and I am proud to report very strong results. We recorded annualized operating return on average common equity of 20.3% and growth in tangible book value per common share plus accumulated dividends of 4.9%. I am especially pleased that we were also able to construct our best portfolio of risk in years. Moving forward, a combination of top line growth, an effective gross-to-net strategy, rising interest rates and improved operational efficiency should provide the foundations for continued superior shareholder return.”

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

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