RenaissanceRe (RNR) Misses Q2 EPS by 5c
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RenaissanceRe Reports Net Income of $73.2 Million for the Second Quarter of 2015 or $1.59 Per Diluted Common Share; Quarterly Operating Income of $99.9 Million or $2.18 Per Diluted Common Share
July 28, 2015 4:19 PM EDTPEMBROKE, Bermuda--(BUSINESS WIRE)-- RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) today reported net income available to RenaissanceRe common shareholders of $73.2 million, or $1.59 per diluted common share, in the second quarter of 2015, compared to $120.8 million, or $2.95, respectively, in the second quarter of 2014. Operating income available to RenaissanceRe common shareholders was $99.9 million, or $2.18 per diluted common share, for the second quarter of 2015, compared to $93.6 million, or $2.28, respectively, in the second quarter of 2014. The Company reported an annualized return on average common equity of 6.6% and an annualized operating return on average common equity of 9.1% in... More
