RNR Earnings Prediction
The chart below shows how RNR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RNR sees a -2.05% change in stock price 10 days leading up to the earnings, and a -1.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.42%. This data can give you a slight idea of what to expect for the next quarter's release.
RNR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.28B
-10.38%
-32.16%
Gross Margin
--
--
--
Operating Margin
-3.27%
-111.91%
-109.60%
Net Margin
-0.84%
-101.07%
-101.73%
EPS
-3.94
-112.95%
-117.42%
No Data Available
RNR Earnings Analysis
Renaissancere Holdings Ltd Corporation (RNR.N) Earnings Conference Call
Positive
Tangible Book Value Growth: Tangible book value plus accumulated dividends grew by 26% in 2024, indicating strong financial health and shareholder value growth.
Strong Operating Income Performance: Operating income reached $220 million, with an operating income per share of nearly $43, showcasing robust profitability despite industry challenges.
Underwriting Income Performance: Underwriting income was $1.6 billion with an impressive adjusted combined ratio of 81.5%, reflecting effective risk management and operational efficiency.
Capital Partners Fee Income Growth: Fee income from Capital Partners increased by 38% to $327 million, demonstrating strong performance in third-party capital management.
Share Repurchase Commitment: Share repurchases totaled $4.6 million in 2024, contributing to a total of over $800 million since the program's inception, reinforcing commitment to returning value to shareholders.
Negative
Underwriting Performance Deterioration: Adjusted combined ratio for the Casualty and Specialty segment increased to 101%, up from 98% the previous year, indicating a deterioration in underwriting performance.
Net Loss Reported: The company reported a net loss of $199 million for the quarter, resulting in an annualized return on average common equity of negative 8%.
Wildfire Financial Impact: The California wildfires are expected to have a pretax net negative impact of approximately $7.5 million, based on a preliminary market loss estimate of $50 billion, reflecting significant exposure to catastrophic events.
Rising Operating Expense Ratio: Operating expense ratio increased to 6.2% for the quarter, driven by performance-related compensation expenses and increased headcount, indicating rising operational costs.
Catastrophic Loss Impact: The company experienced a 49 percentage point impact on the Property segment's adjusted combined ratio from large events, including 42 percentage points from Hurricane Milton, highlighting vulnerability to catastrophic losses.
RNR FAQs
How does RNR typically perform around its earnings report dates?
Is Renaissancere Holdings Ltd (RNR) Q4 2024 Earnings Call Summary positive or negative?
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RNR Earning Call Sentiment
Earnings call transcript: RenaissanceRe Q4 2024 beats EPS forecast, shares fall
RNR.N
0.4%Positive
The earnings call reflects both positive and negative aspects. While the company shows strong financial performance with record operating income and improved combined ratios, there are concerns about elevated casualty loss ratios and investment portfolio volatility. The Q&A session highlighted management's confidence in reserves but also revealed uncertainty regarding unique losses. The share repurchase program is a positive sign, but net losses and the impact of California wildfires are concerning. Overall, the mixed signals suggest a neutral stock price movement.
