10-K · February 11, 2026
RenaissanceRe positions itself as a focused reinsurer operating an “integrated system of three competitive advantages: superior risk selection, superior customer relationships and superior capital management,” targeting…
Earnings analysis · 10-Q
RNR earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
RenaissanceRe reported Q1 2026 results with a significant EPS beat of $13.75 compared to expectations of $11.19, while revenues of $2.20 billion fell short of the $2.95 billion estimate. The combined ratio improved to…
Read full summary
RenaissanceRe reported Q1 2026 results with a significant EPS beat of $13.75 compared to expectations of $11.19, while revenues of $2.20 billion fell short of the $2.95 billion estimate. The combined ratio improved to 73% from 128.3% in the prior year, reflecting effective underwriting discipline despite challenges in investment income.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $13.75
- Segment
- Property Segment
- Segment
- Casualty and Specialty Segment
What stood out
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Strong EPS Beat
EPS reached $13.75, significantly higher than the expected $11.19, marking an increase of $3.30 from $3.27 in Q1 2025.
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Improved Combined Ratio
The combined ratio improved to 73%, a remarkable reduction from 128.3% in Q1 2025.
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Significant Underwriting Income
Underwriting income stood at $588.8 million, a turnaround of $1.4 billion from a loss of $(770.6) million in Q1 2025.
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Decreased Net Claims Expense
Net claims and claim expenses decreased to $983.9 million from $2.74 billion in Q1 2025, a decline of $1.76 billion.
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Increased Fee Income
Fee income rose $63.7 million to $94.1 million in Q1 2026.
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Higher Return on Equity
Return on average common equity improved to 10.5%, compared to 6.6% in Q1 2025.
What to watch
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Investment Portfolio Volatility
Net realized and unrealized losses on investments were $(421.9) million, a drop of $754.9 million compared to gains in the prior year.
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Decline in Premiums Written
Gross premiums written decreased by $676.6 million to $3.48 billion from $4.16 billion in Q1 2025.
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Civil and Regulatory Risks
Increased geopolitical issues reflected in market risks, which may impact premium pricing and claims.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · October 29, 2025
RenaissanceRe reported third-quarter total revenues of $3,198,182,000 and diluted EPS of $19.40. Revenue declined versus Q3 2024 ($3,973,775,000) while underwriting and operating margins improved — gross margin ~51.9%…
10-Q · July 24, 2025
RenaissanceRe reported a strong Q2 2025 with total revenues of $3,206,599 (thousands) and diluted EPS of $17.20, materially ahead of the year‑ago quarter. Margins expanded sharply (gross 47.1%, operating 42.4%), driven…
10-K · February 12, 2025
RenaissanceRe emphasizes an underwriting-led strategy anchored on three competitive advantages: superior risk selection, superior customer relationships and superior capital management, and measures success by long-term…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.