Headquartered in Renaissance House, Pembroke Fiscal year ends December NYSE: RNR renre.com
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance that specializes in matching desirable risk with efficient capital. The company provides property, casualty, and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, it operates through two reportable segments: Property and Casualty and Specialty. The Property segment includes catastrophe reinsurance (covering natural and man-made catastrophes) and other property reinsurance. The Casualty and Specialty segment covers general casualty (automobile liability, casualty clash, employers' liability, umbrella/excess casualty, workers' compensation, general liability), professional liability (directors and officers, medical malpractice, professional indemnity, transactional liability), credit (financial guaranty, mortgage guaranty, political risk, surety, trade credit), and other specialty lines (accident and health, agriculture, aviation, construction, cyber, energy, marine, satellite, terrorism). RenaissanceRe also manages third-party capital through consolidated joint ventures and managed funds including DaVinci, Vermeer, Medici, Fontana, the Upsilon fund family, and the Lighthouse Cat Bond Fund, generating fee income from management and performance fees. The company maintains a large investment portfolio of approximately $36.2 billion in managed invested assets across fixed maturity, equity, and alternative investments, with retained investments of approximately $26.6 billion. Updated
Operating earnings came in above expectations, but $879.8 million of mark-to-market investment losses on fixed maturities flipped the quarter to a GAAP net loss for common shareholders. Underwriting held up anyway, and management kept buying back stock.
The included top analyst upgrades, downgrades and initiations seen on Monday Albermarle, Capital One, Equinix, KeyCorp, Kratos Defense, Lowe's, Micron Technology, Skyworks Solutions and Yamana Gold.
The top analyst upgrades, downgrades and initiations seen on Thursday included ADM, Broadcom, CDK, Comcast, Ctrip, DaVita, Lowe's, Monster Beverage, Nordstrom, Roku and Square.
The top analyst upgrades, downgrades and initiations seen on Wednesday included AIG, Freeport-McMoRan, Frontier Communications, Noble Energy, Occidental Petroleum, Spark Therapeutics and Target.
The top analyst upgrades, downgrades and other research calls from Thursday include Devon Energy, Facebook, HollyFrontier, Kimberly-Clark, Square, U.S. Steel and Yelp.
These are the top analyst upgrades, downgrades and initiations seen from Wall Street research firms on the final day of March 2014. They include BlackBerry, ING, Lululemon, MannKind and Vipshop.
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24/7 Wall St. asked Audit Integrity to screen companies with market caps of more than $3 billion to create a list of the firms that use the most transparent and conservative accounting programs and have “best of class”…
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance that specializes in matching desirable risk with efficient capital. The company provides property, casualty, and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries.
24/7 Wall St.'s 12-month price target for RNR is $435.03, rated Buy. The Wall Street consensus target is $347.31. RNR price prediction →
