# RenaissanceRe Holdings Ltd. (RNR)

> Source: Nexqual · https://nexqual.com/RNR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, RenaissanceRe Holdings Ltd. (RNR), nexqual.com/RNR" · informational, not investment advice.

**Price:** USD 362.59 (+2.12% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 355.07 · day 355.88–363.16 · 52w 231.17–363.25 · market cap $15.1B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $11.1B, net income $2.63B (23.7% margin) (SEC filings).
- Valuation: P/E 5.7x (avg 5.1x at the last 3 fiscal year-ends), net debt $1.03B.
- 3 of 80 tracked superinvestors hold RNR (13F, Q2 2026): 0 new, 0 added, 1 reduced, 2 unchanged.
- Analysts: Hold (mean 2.83 on a 1–5 scale) (18 analysts), mean target USD 347.31 (range 312–428).
- Total return with dividends: 1Y +49.7% vs S&P 500 +14.9%; 5Y +154.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 10.15, revenue estimate $1.75B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.28B | $5.06B | $9.13B | $11.7B | $12.8B | $11.1B |
| Net income | -$40.2M | -$1.06B | $2.56B | $1.87B | $2.68B | $2.63B |
| EPS (diluted) | -$1.57 | -$25.50 | $52.27 | $35.21 | $56.03 | — |
| Net margin | -0.8% | -21.0% | 28.0% | 16.0% | 20.9% | 23.7% |
| Revenue growth | +2.0% | -4.1% | +80.5% | +28.0% | +9.9% | — |
| Cash + short-term investments | $1.86B | $1.19B | $1.88B | $1.68B | $1.73B | — |
| Total debt | $1.17B | $1.17B | $1.96B | $1.89B | $2.33B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 5.7x · P/S 1.4x · EV/Sales 1.4x · P/B 1.3x · Earnings yield 17.48% · Dividend yield (paid, TTM) 0.47% · Buyback yield (TTM) 10.43% · Net debt $1.03B · EV $16.1B
P/E at fiscal year-ends: Dec 2025 4.9x, Dec 2024 6.8x, Dec 2023 3.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold RNR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.32% | $74.3M | Reduced -8.8% |
| Thomas Gayner | Markel Group | 0.17% | $22.2M | Unchanged |
| Sarah Ketterer | Causeway Capital Management | <0.01% | $315K | Unchanged |

## Analysts
Consensus Hold (mean 2.83 on a 1–5 scale), 18 analysts; mean target USD 347.31 (low 312, high 428).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Wells Fargo | Target lowered | Equal-Weight | $331 → $319 |
| 2026-10-12 | TD Cowen | Target raised | Hold | $315 → $320 |
| 2026-10-09 | JP Morgan | Target lowered | Neutral | $360 → $355 |
| 2026-09-22 | RBC Capital | Initiated | Sector Perform | $365 |
| 2026-07-28 | Keefe, Bruyette & Woods | Target raised | Market Perform | $342 → $350 |
| 2026-07-27 | UBS | Target raised | Neutral | $342 → $349 |
| 2026-07-23 | B of A Securities | Target raised | Buy | $410 → $438 |
| 2026-07-23 | Evercore ISI Group | Target raised | In-Line | $320 → $330 |
| 2026-07-20 | JP Morgan | Target raised | Neutral | $329 → $360 |
| 2026-07-10 | Evercore ISI Group | Target raised | In-Line | $309 → $320 |
| 2026-07-09 | Wells Fargo | Target raised | Equal-Weight | $306 → $329 |
| 2026-07-09 | Cantor Fitzgerald | Target raised | Overweight | $340 → $354 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +49.7% | +154.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +49.9% | +20.5% |
| Volatility (annualized) | 23.9% | 25.4% |
| Max drawdown | -11.9% (Apr 2026→Jun 2026) | -26.5% (Jan 2022→Aug 2022) |

## Peers (Insurance - Reinsurance)
EG (Everest Group, Ltd.) USD 407.56 +3.24% · RGA (Reinsurance Group of America, I) USD 272.05 +1.07% · HG (Hamilton Insurance Group, Ltd.) USD 37.11 +1.62% · SPNT (SiriusPoint Ltd.) USD 25.96 +1.09% · GLRE (Greenlight Reinsurance, Ltd.) USD 15.3 +2.41%

## More
Full page: https://nexqual.com/RNR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $10.15 | $6.68 | +52.0% | $1.75B | 18 |
| Next quarter (ends 2026-12-31) | $8.59 | $7.87 | +9.1% | $1.41B | 4 |
| Current fiscal year (ends 2026-12-31) | $46.62 | $41.43 | +12.5% | $8.15B | 18 |
| Next fiscal year (ends 2027-12-31) | $39.46 | $39.28 | +0.5% | $8.04B | 4 |