RenaissanceRe (RNR) Misses Q1 EPS by 38c, Revenues Miss

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Go back to RenaissanceRe (RNR) Misses Q1 EPS by 38c, Revenues Miss

RenaissanceRe Reports Net Loss Attributable to Common Shareholders of $290.9 Million; Operating Income Available to Common Shareholders of $4.4 Million in the First Quarter of 2021. Gross Premiums Wri

April 28, 2021 4:15 PM EDT

Grew gross premiums written by 30.9%, with 32.5% growth in the Property segment and 28.6% in the Casualty and Specialty segment. Major winter storms in February 2021, referred to as Winter Storm Uri, caused widespread damage in the U.S., predominately in Texas, and had a $179.8 million net negative impact on net loss attributable to common shareholders, primarily in the Property segment. Repurchased 1.1 million common shares at an average price of $159.47 per common share in the first quarter, with additional repurchases of 330 thousand common shares from April 1, 2021 through April 23, 2021 at an average... More