RenaissanceRe Reports Third Quarter 2019 Net Income Available to Common Shareholders of $36.7 Million, or $0.83 Per Diluted Common Share; Operating Income Available to Common Shareholders of $13.0 Mil

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Go back to RenaissanceRe Reports Third Quarter 2019 Net Income Available to Common Shareholders of $36.7 Million, or $0.83 Per Diluted Common Share; Operating Income Available to Common Shareholders of $13.0 Mil

RenaissanceRe (RNR) Reports Q3 Revenues Beat

October 29, 2019 4:31 PM EDT

RenaissanceRe (NYSE: RNR) reported Q3 EPS of $0.29, versus $1.05 reported last year. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $915.59 million.

Third Quarter of 2019 Summary

Net negative impact on net income available to RenaissanceRe common shareholders of $154.9 million from Hurricane Dorian and Typhoon Faxai (collectively, the Q3 2019 Catastrophe Events) in the third quarter of 2019.Gross premiums written increase of $235.4 million, or 37.6%, to $861.1 million, in the third quarter of 2019 compared to the third quarter of 2018, driven by an increase of $222.4 million in the Casualty and Specialty segment and an... More