RenaissanceRe Holdings Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 05:08 pm EDT
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RenaissanceRe Holdings Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 1,853.23 million compared to USD 866.97 million a year ago. Net income was USD 199.87 million compared to net loss of USD 316.07 million a year ago. Basic earnings per share from continuing operations was USD 4.1 compared to basic loss per share from continuing operations of USD 7.53 a year ago. Diluted earnings per share from continuing operations was USD 4.09 compared to diluted loss per share from continuing operations of USD 7.53 a year ago.
For the six months, revenue was USD 4,058.33 million compared to USD 1,743.39 million a year ago. Net income was USD 772.78 million compared to net loss of USD 701.64 million a year ago. Basic earnings per share from continuing operations was USD 16.75 compared to basic loss per share from continuing operations of USD 16.64 a year ago. Diluted earnings per share from continuing operations was USD 16.71 compared to diluted loss per share from continuing operations of USD 16.64 a year ago.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. The Company has two segments. The Property segment is comprised of catastrophe and other property reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Casualty and Specialty segment is comprised of casualty and specialty reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Company writes catastrophe reinsurance and insurance coverage protecting against natural and man-made catastrophes, such as earthquakes, hurricanes, typhoons and tsunamis, winter storms, freezes, floods, fires, windstorms, tornadoes, explosions and acts of terrorism, among others. Its subsidiaries include Renaissance Reinsurance Ltd., Validus Reinsurance Ltd. and others.
RENAISSANCERE HOLDINGS LTD. 
