Renaissancere Holdings Ltd

RenaissanceRe mainly provides reinsurance, which is insurance for insurance companies. An insurer that wants to limit what one hurricane or earthquake could cost it pays RenaissanceRe a premium to take on part of that risk. Founded in 1993, the company also writes some insurance. Much of that comes through delegated authority deals, in which partner firms sign up business on its behalf. Most of its business comes through brokers. It has offices in Bermuda, Australia, Canada, Ireland, Singapore, Switzerland, the U.K. and the U.S.

Gross premiums written are the total premiums on contracts it took on, and they were $11.74 billion in fiscal 2025. The Casualty and Specialty segment covers general casualty, professional liability, credit and other specialty lines, and it made up 57.9%. Property made up 42.1%, and 67.1% of that was catastrophe cover against events such as hurricanes, floods and wildfires. Much of the property book is “excess of loss” cover: RenaissanceRe pays only after a customer's claims from one event pass an agreed amount.

Profit comes from three places. Underwriting income is premiums minus claims and costs, and it swings with disaster losses. Fee income comes from the Capital Partners unit, which runs joint ventures and funds that let outside investors back RenaissanceRe's underwriting. Investment income comes from a portfolio focused on bonds and similar fixed-income holdings.

• In Q3 FY2026 (ended Sep 30, 2026), revenue was $1.69B, down 47.1% from a year earlier, and net income was $-152.5M (-116.6%).
• For fiscal 2025, revenue was $12.85B (+9.9% year over year; +20.0% a year from FY2020 to FY2025) with a 20.9% net margin.

• Over FY2021–FY2025: $3.46B in buybacks and $363.3M in dividends.
• Regular dividend per share increased 1 years in a row.
• Regular dividends per share grew +2.1% a year over 5 years (FY2020–FY2025).
• Dividends took 2.8% of earnings in the latest fiscal year.
• Shares outstanding changed -8.1% from Feb 2, 2022 to Oct 23, 2026.

Rank among 1514 US companies

Market value at each year end

Renaissancere Holdings Ltd’s market value went from $5.61B at the end of 2016 to $13.42B on Oct 28, 2026, about 2.4 times as much; since the end of 2025 it is up 4%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 9 sales ($8.8M), 5 of them under pre-arranged 10b5-1 trading plans.

Large shareholders (13G filings)

ETFs with the most weight in RNR

1. Big disasters cause large, unpredictable losses. Hurricanes, earthquakes, wildfires and other catastrophes drive results, and no one can predict when they will strike or how big they will be. A large share of its exposure has been in the U.S. Southeast and West Coast.
2. Climate change may outpace the risk models. The company believes climate change is partly behind more frequent and severe weather disasters. Its risk assessments may not fully capture these shifts, so losses could exceed its estimates.
3. Claim reserves could prove too low. Reserves are its estimates of claims it still owes. Reserves for the large catastrophes of the past several years remain very uncertain. Even a small percentage increase could hurt results materially.
4. Heavy reliance on a few brokers. Most of RenaissanceRe's business comes through a small number of insurance and reinsurance brokers, the intermediaries who arrange coverage. Losing business from any of them could reduce premiums and profits.
5. Reinsurance prices move in cycles. The industry has long swung between periods of high and low prices. If pricing and terms weaken, profits could fall and premiums could become harder to maintain or grow.
6. A ratings downgrade could drive customers away. Insurers rely on financial strength ratings to judge whether a reinsurer can pay claims. A downgrade could lead customers to place business elsewhere, and the company says the effect could be material.

• Oct 27, 2026 Quarterly results released
• Jul 22, 2026 Quarterly results released
• May 14, 2026 Executive or board change; Investor presentation or announcement
• May 6, 2026 Executive or board change; Shareholder vote results
• Apr 28, 2026 Quarterly results released
• Feb 3, 2026 Quarterly results released
• Dec 22, 2025 Major agreement signed; New debt or financial obligation

RenaissanceRe pays a small dividend. Regular dividends rose from $1.45 per share in fiscal 2020 to $1.61 in fiscal 2025, or 2.1% a year. Slight dips in fiscal 2021 and 2024 left only a one-year streak of increases. Dividends took 2.8% of fiscal 2025 earnings, and payments continued through the net losses of fiscal 2021 and 2022. The yield was 0.49% as of October 28, 2026, so an income investor would get little cash and rely mostly on share-price gains. The company favors buybacks, which are repurchases of its own stock. It spent $3.46 billion on them over fiscal 2021–2025, against $363 million in dividends. The share count fell 8.1% from February 2022 to October 2026.

The shares fell hard in past crashes. They dropped 45% in the 2008 financial crisis. In the 2020 COVID crash they dropped 40%, and making up that loss took about 34 months. In the 2022 bear market they fell 27% but recovered in about three months. A single stock carries more risk than a diversified fund.