RenaissanceRe Holdings Ltd.RNR
NYSE•Financial Services•Insurance - Reinsurance
RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance contracts to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, transactional liability, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, construction, cyber, energy, marine, satellite, and terrorism. The company distributes products and services primarily through intermediaries. It invests in and manages funds. RenaissanceRe Holdings Ltd. was incorporated in 1993 and is headquartered in Pembroke, Bermuda.
RenaissanceRe Holdings Ltd. (RNR) reported trailing twelve months revenue of $11.57B as of March 2026, a 7.9% decline year-over-year. Quarterly revenue reached $2.19B, reflecting a contraction in sales.
RenaissanceRe Holdings Ltd. generated $2.81B in TTM net income, with quarterly EBITDA of $2.08B. The operating margin contracted from 97.1% to 95.9%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (95.9%) and net margin (13.4%) indicates significant non-operating expenses or interest burden. Net margin has improved from 4.9% a year ago, signaling stronger bottom-line efficiency.
RNR trades at a P/E of 4.5x (below the broader market average) and a P/S of 1.1x. The price-to-book ratio of 1.1x reflects a moderate premium to book value.
The company generated $687.57M in free cash flow over the trailing twelve months, a 335.8% increase year-over-year, indicating cash generation ability. The balance sheet shows $53.72B in total assets with $2.33B in long-term debt against $11.51B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are stable at ~95.9%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 21.7% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~96.1% — no sign of cost or pricing stress.
FCF covers net income by 0.9x on average — earnings are well-supported by cash generation.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 17.9% — net buybacks are reducing shares outstanding and boosting per-share value.