RenaissanceRe Holdings
Market Cap
US$8.8b
Last Updated
2020/10/19 05:49 UTC
Data Sources
Company Financials +
Executive Summary
RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has RenaissanceRe Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RNR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.0%
RNR
-2.2%
US Insurance
-0.7%
US Market
1 Year Return
-9.2%
RNR
-13.3%
US Insurance
19.9%
US Market
Return vs Industry: RNR exceeded the US Insurance industry which returned -13.3% over the past year.
Return vs Market: RNR underperformed the US Market which returned 19.9% over the past year.
Shareholder returns
| RNR | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | -2.2% | -0.7% |
| 30 Day | 3.5% | 1.8% | 5.8% |
| 90 Day | -4.5% | 0.4% | 8.3% |
| 1 Year | -8.5%-9.2% | -10.9%-13.3% | 22.7%19.9% |
| 3 Year | 27.3%23.9% | 0.2%-7.1% | 43.5%33.9% |
| 5 Year | 62.9%55.5% | 37.4%20.1% | 86.9%65.8% |
Price Volatility Vs. Market
How volatile is RenaissanceRe Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
A Look At RenaissanceRe Holdings' (NYSE:RNR) CEO Remuneration1 month ago | Simply Wall St
Have Insiders Been Selling RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares?1 month ago | Simply Wall St
The RenaissanceRe Holdings (NYSE:RNR) Share Price Is Up 77% And Shareholders Are Holding OnValuation
Is RenaissanceRe Holdings undervalued compared to its fair value and its price relative to the market?
13.55x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RNR ($172.19) is trading above our estimate of fair value ($156.95)
Significantly Below Fair Value: RNR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RNR is good value based on its PE Ratio (13.5x) compared to the US Insurance industry average (14.7x).
PE vs Market: RNR is good value based on its PE Ratio (13.5x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: RNR is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: RNR is overvalued based on its PB Ratio (1.3x) compared to the US Insurance industry average (0.9x).
Next Steps
Future Growth
How is RenaissanceRe Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
21.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RNR's forecast earnings growth (21.3% per year) is above the savings rate (2.2%).
Earnings vs Market: RNR's earnings (21.3% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RNR's revenue (12.3% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: RNR's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RNR's Return on Equity is forecast to be low in 3 years time (11.4%).
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Past Performance
How has RenaissanceRe Holdings performed over the past 5 years?
1.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RNR has high quality earnings.
Growing Profit Margin: RNR's current net profit margins (12%) are lower than last year (18.1%).
Past Earnings Growth Analysis
Earnings Trend: RNR's earnings have grown by 1.2% per year over the past 5 years.
Accelerating Growth: RNR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RNR had negative earnings growth (-4.5%) over the past year, making it difficult to compare to the Insurance industry average (-3.3%).
Return on Equity
High ROE: RNR's Return on Equity (8.2%) is considered low.
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Financial Health
How is RenaissanceRe Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: RNR's short term assets ($28.0B) exceed its short term liabilities ($18.3B).
Long Term Liabilities: RNR's short term assets ($28.0B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: RNR's debt to equity ratio (9.9%) is considered satisfactory.
Reducing Debt: RNR's debt to equity ratio has reduced from 16.7% to 9.9% over the past 5 years.
Debt Coverage: RNR's debt is well covered by operating cash flow (208.2%).
Interest Coverage: RNR's interest payments on its debt are well covered by EBIT (16.5x coverage).
Balance Sheet
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Dividend
What is RenaissanceRe Holdings's current dividend yield, its reliability and sustainability?
0.81%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RNR's dividend (0.81%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: RNR's dividend (0.81%) is low compared to the top 25% of dividend payers in the US market (4.66%).
Stability and Growth of Payments
Stable Dividend: RNR is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: RNR is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: RNR is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RNR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
Kevin O'Donnell (53 yo)
7.25yrs
Tenure
US$10,768,159
Compensation
Mr. Kevin Joseph O’Donnell has been the Chief Executive Officer and President at RenaissanceRe Holdings Ltd. and Renaissance Reinsurance U.S. Inc. since July 1, 2013 and November 13, 2012 respectively. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD10.77M) is above average for companies of similar size in the US market ($USD7.31M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.25yrs | US$10.77m | 0.43% $ 38.0m | |
| Executive VP & CFO | 4.17yrs | US$3.79m | 0.091% $ 8.0m | |
| Executive VP | 18.75yrs | US$3.25m | 0.20% $ 17.5m | |
| Executive VP & Group Chief Underwriting Officer | 6.25yrs | US$3.84m | 0.22% $ 19.3m | |
| Executive VP & Group Chief Risk Officer | 15.75yrs | US$3.44m | 0.11% $ 9.4m | |
| Chief Investment Officer & Senior VP | 3.58yrs | no data | 0.022% $ 1.9m | |
| Chief Accounting Officer & Senior VP | 3.83yrs | no data | 0.025% $ 2.2m | |
| Senior VP & CTO | 0.75yr | no data | no data | |
| Senior Vice President of Finance & Investor Relations | no data | no data | no data | |
| VP, Head of Global Marketing & Client Communications | no data | no data | no data | |
| Senior VP & Chief Human Resource Officer | 0.67yr | no data | no data | |
| Chief Underwriting Officer – Europe | no data | no data | no data |
4.2yrs
Average Tenure
51yo
Average Age
Experienced Management: RNR's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.25yrs | US$10.77m | 0.43% $ 38.0m | |
| Independent Director | 1.42yrs | US$184.90k | 0.0034% $ 300.7k | |
| Independent Director | 3.17yrs | US$229.96k | 0.0076% $ 672.9k | |
| Independent Director | 15.33yrs | US$229.96k | 0.048% $ 4.2m | |
| Independent Director | 12.42yrs | US$259.96k | 0.036% $ 3.2m | |
| Independent Director | 12.42yrs | US$259.96k | 0.036% $ 3.2m | |
| Independent Director | 14.42yrs | US$259.96k | 0.038% $ 3.3m | |
| Independent Director | 4.42yrs | US$229.96k | 0.010% $ 882.8k | |
| Independent Director | 7.42yrs | US$229.96k | 0.028% $ 2.4m | |
| Independent Director | 3.17yrs | US$229.96k | 0.0076% $ 672.9k | |
| Independent Non-Executive Chairman of the Board | 4.42yrs | US$459.86k | 0.045% $ 4.0m |
7.3yrs
Average Tenure
62yo
Average Age
Experienced Board: RNR's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16%.
Top Shareholders
Company Information
RenaissanceRe Holdings Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: RenaissanceRe Holdings Ltd.
- Ticker: RNR
- Exchange: NYSE
- Founded: 1993
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: US$8.819b
- Shares outstanding: 51.22m
- Website: https://www.renre.com
Number of Employees
Location
- RenaissanceRe Holdings Ltd.
- Renaissance House
- 12 Crow Lane
- Pembroke
- HM 19
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RNR | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jul 1995 |
| RRJ | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 1995 |
| RNR.PRE | NYSE (New York Stock Exchange) | PREF SHS SER E | US | USD | May 2013 | |
| RNR.PRF | NYSE (New York Stock Exchange) | DPSHS RP PFD F | US | USD | Jun 2018 |
Biography
RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property se ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/19 05:49 |
| End of Day Share Price | 2020/10/16 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.