RenaissanceRe (RNR) Tops Q2 EPS by 102c
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RenaissanceRe Reports Net Income Available to Common Shareholders of $456.8 Million; Operating Income Available to Common Shareholders of $278.1 Million in the Second Quarter of 2021. Reports Strong G
July 22, 2021 4:15 PM EDT27.6% annualized return on average common equity; 16.8% annualized operating return on average common equity. 72.4% combined ratio; 48.0% current accident year net claims and claim expense ratio. Continued strong top-line growth across both segments; 23.1% growth in gross premiums written; representing 38.1% growth in the Casualty and Specialty segment and 13.5% growth in the Property segment. Repurchased $309.0 million of common shares in the second quarter; aggregate of $480.7 million of common shares repurchased in the first half of 2021; and an additional $137.5 million of common shares repurchased from July 1, 2021 through July 19, 2021. Continued growth in the Capital... More
