RenaissanceRe Reports Q4 Loss, Exceeds Earnings Estimates
PEMBROKE, Bermuda - RenaissanceRe Holdings Ltd. (RNR) reported a net loss of $189.7 million in Q4, with a per-share loss of $3.95. However, excluding non-recurring costs, earnings reached $8.06 per share, surpassing Wall Street expectations of $7.61 per share.
Adjusted revenue came in at $2.96 billion, slightly below the $2.99 billion analysts' consensus estimate. For the full year, RenaissanceRe posted a profit of $1.87 billion ($35.21 per share) with revenue of $11.75 billion.
Despite the Q4 loss, the company's performance remains strong, with adjusted earnings exceeding expectations and revenue growth evident throughout the year.