RenaissanceRe (RNR) Misses Q1 EPS

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Go back to RenaissanceRe (RNR) Misses Q1 EPS

RenaissanceRe Reports Q1 2022 Net Loss Attributable to Common Shareholders of $394.4 Million; Operating Income Available to Common Shareholders of $151.9 Million. Poised to Deliver Shareholder Value A

May 3, 2022 4:16 PM EDT

Grew net premiums written by $341.1 million, or 18.7%; driven by growth in Casualty and Specialty net premiums written of $459.4 million, or 56.3%. Launched Fontana, an innovative casualty and specialty joint venture, in April 2022, expanding fee income business. Reported a combined ratio of 86.5%, which included an impact of 7.0 percentage points from the Q1 2022 Weather-Related Large Losses and 1.8 percentage points related to the Russia-Ukraine War. Repurchased $93.4 million of common shares.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- RenaissanceRe Holdings Ltd. (NYSE: RNR) (RenaissanceRe or the Company) today announced its financial results for the first quarter of... More