NYSE:RNR

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RenaissanceRe Holdings

Executive Summary

RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. More Details


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

RNRIndustryMarket
7 Day-3.0%-2.2%-0.7%
30 Day3.5%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 Year27.3%23.9%0.2%-7.1%43.5%33.9%
5 Year62.9%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

Valuation

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%).


Next Steps

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.


Next Steps

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


Next Steps

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.


Next Steps

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

NamePositionTenureCompensationOwnership
Kevin O'Donnell
President7.25yrsUS$10.77m0.43%
$ 38.0m
Robert Qutub
Executive VP & CFO4.17yrsUS$3.79m0.091%
$ 8.0m
Stephen Weinstein
Executive VP18.75yrsUS$3.25m0.20%
$ 17.5m
Ross Curtis
Executive VP & Group Chief Underwriting Officer6.25yrsUS$3.84m0.22%
$ 19.3m
Ian Branagan
Executive VP & Group Chief Risk Officer15.75yrsUS$3.44m0.11%
$ 9.4m
Sean Brosnan
Chief Investment Officer & Senior VP3.58yrsno data0.022%
$ 1.9m
James Fraser
Chief Accounting Officer & Senior VP3.83yrsno data0.025%
$ 2.2m
Blythe Walker
Senior VP & CTO0.75yrno datano data
Keith McCue
Senior Vice President of Finance & Investor Relationsno datano datano data
Keil Gunther
VP, Head of Global Marketing & Client Communicationsno datano datano data
Ann Manal
Senior VP & Chief Human Resource Officer0.67yrno datano data
Bryan Dalton
Chief Underwriting Officer – Europeno datano datano data

4.2yrs

Average Tenure

51yo

Average Age

Experienced Management: RNR's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kevin O'Donnell
President7.25yrsUS$10.77m0.43%
$ 38.0m
Cynthia Trudell
Independent Director1.42yrsUS$184.90k0.0034%
$ 300.7k
Duncan Hennes
Independent Director3.17yrsUS$229.96k0.0076%
$ 672.9k
Jean Hamilton
Independent Director15.33yrsUS$229.96k0.048%
$ 4.2m
David Bushnell
Independent Director12.42yrsUS$259.96k0.036%
$ 3.2m
Anthony Santomero
Independent Director12.42yrsUS$259.96k0.036%
$ 3.2m
Henry Klehm
Independent Director14.42yrsUS$259.96k0.038%
$ 3.3m
Carol Sanders
Independent Director4.42yrsUS$229.96k0.010%
$ 882.8k
Brian G. Gray
Independent Director7.42yrsUS$229.96k0.028%
$ 2.4m
Valerie Rahmani
Independent Director3.17yrsUS$229.96k0.0076%
$ 672.9k
James Gibbons
Independent Non-Executive Chairman of the Board4.42yrsUS$459.86k0.045%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RNRNYSE (New York Stock Exchange)YesCommon SharesUSUSDJul 1995
RRJDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 1995
RNR.PRENYSE (New York Stock Exchange)PREF SHS SER EUSUSDMay 2013
RNR.PRFNYSE (New York Stock Exchange)DPSHS RP PFD FUSUSDJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 05:49
End of Day Share Price2020/10/16 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.