RenaissanceRe Holdings
Market Cap
US$8.4b
Last Updated
2019/09/18 00:06 UTC
Data Sources
Company Financials +
Executive Summary
RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally.
Snowflake
Fundamentals
Excellent 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
Market Performance
7 Day Return
0.1%
NYSE:RNR
1.6%
US Insurance
0.8%
US Market
1 Year Return
41.6%
NYSE:RNR
9.9%
US Insurance
1.9%
US Market
RNR outperformed the Insurance industry which returned 9.5% over the past year.
RNR outperformed the Market in United States of America which returned 2.1% over the past year.
Share holder returns
| RNR | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | 1.6% | 0.8% |
| 30 Day | 0.1% | 2.7% | 3.4% |
| 90 Day | 3.9% | 1.4% | 2.1% |
| 1 Year | 42.8%41.6% | 12.6%9.9% | 4.2%1.9% |
| 3 Year | 60.6%56.2% | 47.6%36.3% | 46.7%37.2% |
| 5 Year | 99.4%89.6% | 71.8%51.2% | 62.3%44.5% |
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 month ago | Simply Wall St
Introducing RenaissanceRe Holdings (NYSE:RNR), A Stock That Climbed 85% In The Last Five Years2 months ago | Simply Wall St
What Did RenaissanceRe Holdings Ltd.'s (NYSE:RNR) CEO Take Home Last Year?3 months ago | Simply Wall St
Is RenaissanceRe Holdings Ltd.'s (NYSE:RNR) ROE Of 6.9% Impressive?Valuation
Is RenaissanceRe Holdings undervalued based on future cash flows and its price relative to the stock market?
25%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
RenaissanceRe Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
RenaissanceRe Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
RenaissanceRe Holdings is good value based on earnings compared to the US Insurance industry average.
RenaissanceRe Holdings is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
RenaissanceRe Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price Based on Value of Assets
RenaissanceRe Holdings is overvalued based on assets compared to the US Insurance industry average.
Next Steps
Future Growth
How is RenaissanceRe Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?
-10.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
RenaissanceRe Holdings's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
RenaissanceRe Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
RenaissanceRe Holdings's revenue growth is positive but not above the United States of America market average.
RenaissanceRe Holdings's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
RenaissanceRe Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
RenaissanceRe Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Past Performance
How has RenaissanceRe Holdings performed over the past 5 years?
-24.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
RenaissanceRe Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
RenaissanceRe Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
RenaissanceRe Holdings has become profitable in the last year making it difficult to compare the US Insurance industry average.
Return on Equity
RenaissanceRe Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
RenaissanceRe Holdings used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
Return on Capital Employed
RenaissanceRe Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is RenaissanceRe Holdings's financial position?
Financial Position Analysis
RenaissanceRe Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
RenaissanceRe Holdings's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
RenaissanceRe Holdings's level of debt (16%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has increased over the past 5 years (5.1% vs 16% today).
Debt is well covered by operating cash flow (119.8%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 16.3x coverage).
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 17.1x debt.
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Dividend
What is RenaissanceRe Holdings's current dividend yield, its reliability and sustainability?
0.73%
Expected Dividend Yield
Dividend Yield and Payments Analysis
RenaissanceRe Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
RenaissanceRe Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).
RenaissanceRe Holdings is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
RenaissanceRe Holdings is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to Shareholders
No need to calculate the sustainability of RenaissanceRe Holdings's dividends as it is not paying a notable one for United States of America.
Future Payout to Shareholders
No need to calculate the sustainability of RenaissanceRe Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.
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Management
What is the CEO of RenaissanceRe Holdings's salary, the management and board of directors tenure and is there insider trading?
7.8yrs
Average management tenure
CEO
Kevin O'Donnell (52yo)
6.2yrs
Tenure
US$10,819,363
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
Kevin's remuneration is higher than average for companies of similar size in United States of America.
Kevin's compensation has increased in line with RenaissanceRe Holdings recently becoming profitable.
Management Age and Tenure
7.8yrs
Average Tenure
49yo
Average Age
The average tenure for the RenaissanceRe Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
6.3yrs
Average Tenure
60.5yo
Average Age
The tenure for the RenaissanceRe Holdings board of directors is about average.
Insider Trading
RenaissanceRe Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Investment Officer Chief Investment Officer & Senior VP |
| Shares | 931 |
| Max Price | US$183.91 |
| Entity | Individual |
| Role | Chief Investment Officer Chief Investment Officer & Senior VP |
| Shares | 1,250 |
| Max Price | US$145.97 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 810 |
| Max Price | US$128.00 |
Ownership Breakdown
Management Team
Kevin O'Donnell (52yo)
President
- Tenure: 6.2yrs
- Compensation: US$10.82m
Keil Gunther (46yo)
Vice President of Marketing & Communications
- Tenure: 0yrs
Steven Weinstein (50yo)
Senior VP
- Tenure: 17.7yrs
- Compensation: US$3.38m
Ross Curtis (46yo)
Senior VP & Group Chief Underwriting Officer
- Tenure: 13.5yrs
- Compensation: US$3.89m
Ian Branagan (51yo)
Senior VP & Group Chief Risk Officer
- Tenure: 14.7yrs
- Compensation: US$3.38m
Jon Paradine (48yo)
SVP and Chief Executive of Singapore Branch - Renaissance Reinsurance Ltd & DaVinci Reinsurance Ltd
- Tenure: 9.3yrs
Bob Qutub (57yo)
Executive VP & CFO
- Tenure: 3.1yrs
- Compensation: US$3.96m
Jamie Fraser (43yo)
Chief Accounting Officer & Senior VP
- Tenure: 2.8yrs
Sean Brosnan
Chief Investment Officer & Senior VP
- Tenure: 2.5yrs
Keith McCue
Senior Vice President of Finance & Investor Relations
- Tenure: 0yrs
Board Members
Duncan Hennes (62yo)
Director
- Tenure: 2.1yrs
- Compensation: US$229.89k
Jean Hamilton (72yo)
Director
- Tenure: 14.3yrs
- Compensation: US$229.89k
Kevin O'Donnell (52yo)
President
- Tenure: 6.2yrs
- Compensation: US$10.82m
Dave Bushnell (64yo)
Director
- Tenure: 11.3yrs
- Compensation: US$259.89k
Tony Santomero (73yo)
Director
- Tenure: 11.3yrs
- Compensation: US$259.89k
Henry Klehm (60yo)
Director
- Tenure: 13.3yrs
- Compensation: US$259.89k
Carol Sanders (51yo)
Director
- Tenure: 3.3yrs
- Compensation: US$229.89k
Brian G. Gray (57yo)
Director
- Tenure: 6.3yrs
- Compensation: US$229.89k
Val Rahmani (61yo)
Director
- Tenure: 2.1yrs
- Compensation: US$229.89k
James Gibbons (55yo)
Non-Executive Chairman of the Board
- Tenure: 3.3yrs
- Compensation: US$459.97k
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$8.390b
- Shares outstanding: 44.16m
- 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 PRDCL | NYSE (New York Stock Exchange) | PREF D 6.6% | US | USD | Dec 2006 | |
| 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 | 2019/09/18 00:06 |
| End of Day Share Price | 2019/09/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.