2023-07-25 16:20:25 ET
- RenaissanceRe press release ( NYSE: RNR ): Q2 Non-GAAP EPS of $8.79 beats by $1.39 .
- Revenue of $1.85B (+113.4% Y/Y) misses by $270M .
- 13.5% annualized return on average common equity and 28.8% annualized operating return on average common equity.
- Property catastrophe net premiums written grew by $273.4 million or 54.9%, driven by significant rate increases.
- Property combined ratio of 63.0% and Casualty and Specialty combined ratio of 93.2%; overall combined ratio of 80.3%.
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RenaissanceRe Non-GAAP EPS of $8.79 beats by $1.39, revenue of $1.85B misses by $270M