PEMBROKE, Bermuda (AP) _ RenaissanceRe Holdings Ltd. (RNR) on Tuesday reported second-quarter net income of $583.1 million.

The Pembroke, Bermuda-based company said it had net income of $12.63 per share. Earnings, adjusted for investment gains, were $4.06 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.

The insurance company posted revenue of $1.55 billion in the period. Its adjusted revenue was $1.1 billion.

RenaissanceRe shares have declined nearly 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $177.21, a fall of 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RNR at https://www.zacks.com/ap/RNR

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