RenaissanceRe (RNR) Reports Q3 EPS of ($9.75)
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RenaissanceRe Reports Net Loss Attributable to Common Shareholders of $450.2 Million; Operating Loss Attributable to Common Shareholders of $414.5 Million in the Third Quarter of 2021
October 25, 2021 4:15 PM EDTHurricane Ida, severe flooding in Northwestern Europe, and aggregate losses associated with these and other events contributed to a $726.8 million net negative impact on net loss attributable to common shareholders. Strong growth in gross premiums written of $631.1 million, or 55.2%, across both segments; included $254.9 million of reinstatement premiums associated with the Q3 2021 Weather-Related Large Losses in the Property segment, which accounted for approximately one-third of the overall growth. Repurchased $223.8 million of common shares in the third quarter; aggregate of $704.5 million of common shares repurchased in the first three quarters of 2021; and an additional $75.3 million of common... More
