RenaissanceRe (RNR) Misses Q3 EPS by $2.73, Revenues Beat

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RenaissanceRe Reports Third Quarter 2020 Net Income Available to Common Shareholders of $47.8 Million, or $0.94 Per Diluted Common Share; Operating Loss Attributable to Common Shareholders of $131.7 M

October 27, 2020 4:15 PM EDT

PEMBROKE, Bermuda--(BUSINESS WIRE)-- RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) today reported net income available to RenaissanceRe common shareholders of $47.8 million, or $0.94 per diluted common share, in the third quarter of 2020, compared to $36.7 million, or $0.83 per diluted common share, in the third quarter of 2019. Operating loss attributable to RenaissanceRe common shareholders was $131.7 million, or $2.64 per diluted common share, in the third quarter of 2020, compared to operating income available to RenaissanceRe common shareholders of $32.7 million, or $0.73 per diluted common share, in the third quarter of 2019. The Company reported an annualized return on... More