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Specialist reinsurer focused on property catastrophe risk, also writing casualty and specialty reinsurance.
Specialist reinsurer focused on property catastrophe risk, also writing casualty and specialty reinsurance.
Sells reinsurance, most of it renewed at set times each year, earning premiums for taking on others' large risks and keeping the margin after claims. It also earns fees and profit shares for managing outside investors' money, which sits alongside its own funds in the same risks. Buying Validus Re from AIG in 2023 enlarged its books.
Moat: narrow (process know-how, scale). Deep catastrophe-risk modeling expertise built over decades, plus capital-markets access via managed ILS funds.
Headquarters: Pembroke, Bermuda · Founded: 1993 · Employees: 1,040
Size RenaissanceRe (RNR) is a United States Financials company (Property/Casualty Insurance) with a market value of $14.0B, the 629th largest of 3,117 United States companies the cockpit tracks. Shares closed at $347.35 on 6 Nov 2026.
Performance Over six months the shares gained 15.7%, against +17.5% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 21.2% over the last twelve months (peer median +2.8%); the operating margin is 30.8% (peer median 14.0%).
Valuation It trades at 1.34× book value against a peer median of 2.04× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 7.5%; RenaissanceRe delivers 13.4%, so the price asks less than the business earns today.
Credit RenaissanceRe has 4 bonds outstanding ($1.95B), rated BBB+ by the agencies and trading like BBB at a weighted spread of 108 bp.
Short interest Short interest is 3.3% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.54B | $12.8B | $11.6B | $9.09B | $5.05B |
| Revenue growth | — | +10% | +28% | +80% | — |
| Net income | $1.54B | $2.64B | $1.84B | $2.52B | -$1.06B |
| Free cash flow | $2.82B | $3.69B | $4.16B | $1.91B | $1.60B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $2.33B | $2.48B | $2.02B | $2.08B | $1.26B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| RenaissanceRe RNR | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% |
| Everest EG | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% |
| Arch Capital ACGL | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% |
| Swiss Re SREN.SW | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% |
| Hannover Rueck HNR1.DE | $39.6B | +24% | -2% | 22% | 2.66× | 8.3% |
| Scor SCR.PA | $6.96B | +10% | -4% | 19% | 1.44× | 9.8% |
| Axis Capital AXS | $7.60B | +7% | +10% | 16% | 1.33× | 8.1% |
| Lancashire LRE.L | $2.24B | +18% | -2% | 22% | 1.49× | 12.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RNR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.8% | +9.7% | 6th lowest of 21 |
| 6-month return | +15.7% | +17.5% | 9th lowest of 21 |
| Return on equity | 13.4% | 16.1% | 7th lowest of 21 |
| Price / book | 1.34× | 2.04× | 6th cheapest of 21 |
| Trailing P/E | 10.0× | 12.7× | 6th cheapest of 20 |
| ROE the price implies | 7.5% | 11.2% | 4th least demanding of 21 |
| ROE delivered | 13.4% | 15.8% | 7th lowest of 20 |
| Bond spread | 108 bp | 106 bp | 5th widest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| RenaissanceRe RNR | United States | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% | 13.4% |
| Insurance Australia IAG.AX | Australia | $14.4B | +17% | +9% | 14% | 2.87× | 13.1% | 14.0% |
| Assurant AIZ | United States | $15.1B | +29% | +9% | 44% | 2.60× | 14.6% | 44.2% |
| Everest EG | United States | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% | 12.8% |
| American Financial AFG | United States | $12.8B | +18% | +3% | 18% | 2.67× | 15.1% | n/a |
| Erie Indemnity ERIE | United States | $12.7B | +26% | +2% | 24% | 4.98× | 19.7% | 23.7% |
| Admiral ADM.L | United Kingdom | $16.1B | +23% | 0% | 46% | 8.04× | 33.5% | 45.6% |
| SamsungF&MIns 000810.KS | South Korea | $17.2B | +31% | +5% | 8% | 0.71× | 4.8% | 8.1% |
| Loews L | United States | $22.2B | +5% | +3% | 8% | 1.22× | 8.3% | 8.1% |
| Hanover Insurance THG | United States | $8.35B | +28% | +5% | 22% | 2.43× | 11.2% | 21.8% |
| Markel MKL | United States | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% | 9.6% |
| QBE Insurance QBE.AX | Australia | $27.7B | +19% | +3% | 19% | 2.37× | 11.3% | 19.1% |
| Scor SCR.PA | France | $6.96B | +10% | -4% | 19% | 1.44× | 9.8% | 18.8% |
| Sampo SAMPO.HE | Finland | $29.1B | +10% | +2% | 16% | 3.60× | 11.3% | 16.5% |
| Definity Financial DFY.TO | Canada | $6.47B | +14% | +35% | 12% | 2.13× | 7.6% | 11.7% |
| Hagerty HGTY | United States | $6.18B | +79% | +1% | 5% | 8.42× | 53.7% | 4.6% |
| Selective Insurance SIGI | United States | $5.87B | +17% | +4% | 15% | 1.81× | 9.1% | 14.7% |
| MGIC Investment MTG | United States | $5.87B | +7% | -2% | 14% | 1.18× | 8.9% | 13.9% |
| Hartford (The) HIG | United States | $35.8B | +1% | +4% | 23% | 1.94× | 11.3% | 22.7% |
| Fairfax Financial FFH.TO | Canada | $42.7B | +21% | -1% | 16% | 1.40× | 7.0% | 15.8% |
| Mercury General MCY | United States | $4.58B | -17% | +5% | 26% | 1.63× | 13.7% | 25.5% |
RenaissanceRe has 4 bonds outstanding with $1.95B face value. The agencies rate it BBB+; its bonds trade like BBB. Weighted yield 5.78%, a spread of 108 bp over government bonds.