
• Reported GAAP EPS of $6.60 up 100.61% YoY • Reported revenue of $2.19B down -36.75% YoY
Bullish
RenaissanceRe delivered a strong 73.0% combined ratio and robust fee and net investment income of $94.1 million and $420.5 million, respectively. The company also repurchased $352.5 million of common shares.
Bearish
RenaissanceRe experienced significant net realized and unrealized investment losses of $421.9 million, while gross premiums written decreased by 19.9%. The underwriting expense ratio also increased by 6.2 percentage points in the Property segment.