RenaissanceRe: Q2 Earnings Snapshot
By AP News
Published - Jul 25, 2023, 05:19 PM ET
Last Updated - Jul 25, 2023, 05:19 PM EDT
PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — RenaissanceRe Holdings Ltd. (RNR) on Tuesday reported second-quarter profit of $199.9 million.
On a per-share basis, the Pembroke, Bermuda-based company said it had profit of $4.09. Earnings, adjusted for non-recurring costs, were $8.79 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $7.58 per share.
The insurance company posted revenue of $1.85 billion in the period. Its adjusted revenue was $2.08 billion, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.97 billion.
