RenaissanceRe Holdings Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 25, 2021 at 04:15 pm EDT
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RenaissanceRe Holdings Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 1,544.7 million compared to USD 1,332.29 million a year ago. Net loss was USD 440.38 million compared to net income of USD 55.09 million a year ago. Basic loss per share from continuing operations was USD 9.75 compared to basic earnings per share from continuing operations of USD 0.94 a year ago. Diluted loss per share from continuing operations was USD 9.75 compared to diluted earnings per share from continuing operations of USD 0.94 a year ago.
For the nine months, revenue was USD 3,883.89 million compared to USD 3,776.99 million a year ago. Net loss was USD 259.92 million compared to net income of USD 565.3 million a year ago. Basic loss per share from continuing operations was USD 5.94 compared to basic earnings per share from continuing operations of USD 11.6 a year ago. Diluted loss per share from continuing operations was USD 5.94 compared to diluted earnings per share from continuing operations of USD 11.58 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. 
