RenaissanceRe Holdings Balance Sheet Health
Financial Health criteria checks 6/6
RenaissanceRe Holdings has a total shareholder equity of $18.1B and total debt of $2.0B, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are $52.8B and $34.7B respectively. RenaissanceRe Holdings's EBIT is $4.7B making its interest coverage ratio 50.4. It has cash and short-term investments of $30.2B.
Key information
10.8%
Debt to equity ratio
US$1.95b
Debt
| Interest coverage ratio | 50.4x |
| Cash | US$30.17b |
| Equity | US$18.10b |
| Total liabilities | US$34.65b |
| Total assets | US$52.76b |
Recent financial health updates
No updates
Recent updates
Premium Buybacks Not Good For RenaissanceRe
Nov 26Investors Appear Satisfied With RenaissanceRe Holdings Ltd.'s (NYSE:RNR) Prospects
Oct 08
Do RenaissanceRe Holdings' (NYSE:RNR) Earnings Warrant Your Attention?
Sep 12RenaissanceRe Holdings Ltd. (NYSE:RNR) Might Not Be As Mispriced As It Looks
Jun 06RenaissanceRe: A Series Of Preferred Shares Still Offers A 6.1% Yield
May 22Investors Holding Back On RenaissanceRe Holdings Ltd. (NYSE:RNR)
Dec 28RenaissanceRe: Benefits From A Light Hurricane Season Are Likely Already In The Price
Nov 23RenaissanceRe: The 6.4-6.5% Yielding Preferred Shares Are Still Appealing
Sep 03Financial Position Analysis
Short Term Liabilities: RNR's short term assets ($45.0B) exceed its short term liabilities ($32.2B).
Long Term Liabilities: RNR's short term assets ($45.0B) exceed its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: RNR has more cash than its total debt.
Reducing Debt: RNR's debt to equity ratio has reduced from 15.9% to 10.8% over the past 5 years.
Debt Coverage: RNR's debt is well covered by operating cash flow (199.7%).
Interest Coverage: RNR's interest payments on its debt are well covered by EBIT (50.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 19:07 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
RenaissanceRe Holdings Ltd. is covered by 29 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jay Gelb | Barclays |
| Alex Scott | Barclays |
| Michael Zaremski | BMO Capital Markets Equity Research |