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RNR RenaissanceRe

RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, the Company has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom and the United States.

Company profile

Ticker
RNR, RNR-PF, RNR-PE
Exchange
Website
CEO
Kevin O'Donnell
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
980138020

RNR stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Mar 21 Kevin ODonnell Common Stock Sell Dispose S No Yes 167.29 11,748 1.97M 228,919
1 Mar 21 Kevin ODonnell Common Stock Payment of exercise Dispose F No No 162.61 1,269 206.35K 240,667
1 Mar 21 Kevin ODonnell Common Stock Payment of exercise Dispose F No No 162.61 1,480 240.66K 241,936
1 Mar 21 Kevin ODonnell Common Stock Payment of exercise Dispose F No No 162.61 545 88.62K 243,416
1 Mar 21 Kevin ODonnell Common Stock Payment of exercise Dispose F No No 162.61 1,156 187.98K 243,961
1 Mar 21 Kevin ODonnell Common Stock Payment of exercise Dispose F No No 162.61 1,210 196.76K 245,117
1 Mar 21 Kevin ODonnell Common Stock Grant Aquire A No No 0 28,748 0 246,327
1 Mar 21 Kevin ODonnell Common Stock Grant Aquire A No No 0 14,374 0 217,579
1 Mar 21 James Christopher Fraser Common Stock Grant Aquire A No No 0 2,552 0 15,241
1 Mar 21 David C Bushnell Common Stock Grant Aquire A No No 0 953 0 19,449

Financial report summary

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Risks
  • Risks Related to our (Re)insurance Business
  • Risks Related to the Economic Environment
  • Risks Related to Legal and Regulatory Matters
  • Risks Related to Taxation
  • The extent to which the COVID-19 pandemic and measures taken in response thereto will adversely impact our results of operations, financial condition and other aspects of our business is highly uncertain and difficult to predict, and will depend on future developments.
  • Legislative, regulatory, judicial or social influences related to the COVID-19 pandemic may affect our financial performance and our ability to conduct our business.
  • The COVID-19 pandemic may adversely impact the value of our investment portfolio and strategic investments, and may affect our ability to access liquidity and capital markets financing.
  • Measures taken to mitigate the COVID-19 pandemic may adversely affect our operations or the operations of our brokers, services providers, retrocessionaires and other counterparties.
  • Our exposure to catastrophic events and premium volatility could cause our financial results to vary significantly from one period to the next and could adversely impact our financial results.
  • Our claims and claim expense reserves are subject to inherent uncertainties.
  • The trend towards increasingly frequent and severe climate events could result in underestimated exposures that have the potential to adversely impact our financial results.
  • A decline in our financial strength ratings may adversely impact our business, perhaps materially so.
  • Emerging claim and coverage issues, or other litigation, could adversely affect us.
  • Retrocessional reinsurance may become unavailable on acceptable terms, or may not provide the coverage we intended to obtain, or we may not be able to collect on claimed retrocessional coverage.
  • We depend on a few insurance and reinsurance brokers for a preponderance of our revenue, and any loss of business provided by them could adversely affect us.
  • A soft reinsurance underwriting market would adversely affect our business and operating results.
  • We could face losses from terrorism, political unrest and war.
  • We depend on the policies, procedures and expertise of ceding companies and delegated authority counterparties, who may fail to accurately assess the risks they underwrite, which exposes us to operational and financial risks.
  • The reinsurance and insurance businesses are historically cyclical and the pricing and terms for our products may decline, which would affect our profitability.
  • Consolidation in the (re)insurance industry could adversely impact us.
  • We operate in a highly competitive environment.
  • Internationally, restrictions on the writing of reinsurance by foreign companies and government intervention in the natural catastrophe market could reduce market opportunities for our customers and adversely impact us.
  • We are exposed to counterparty credit risk, including with respect to reinsurance brokers, customers and retrocessionaires.
  • Weakness in business and economic conditions generally or specifically in the principal markets in which we do business could adversely affect our business and operating results.
  • A decline in our investment performance could reduce our profitability and hinder our ability to pay claims promptly in accordance with our strategy.
  • We may be adversely affected by foreign currency fluctuations.
  • Changes in the method for determining LIBOR and the potential replacement of LIBOR may affect our cost of capital and net investment income.
  • We may be adversely impacted by inflation.
  • We may require additional capital in the future, which may not be available or may only be available on unfavorable terms.
  • We are subject to cybersecurity risks and may incur increasing costs in an effort to minimize those risks.
  • Acquisitions or strategic investments we have made or may make could turn out to be unsuccessful.
  • The loss of key senior members of management could adversely affect us.
  • We are exposed to risks in connection with our management of capital on behalf of investors in joint ventures or other entities we manage.
  • We may from time to time modify our business and strategic plan, and these changes could adversely affect us and our financial condition.
  • Our business is subject to operational risks, including systems or human failures.
  • The preparation of our consolidated financial statements requires us to make many estimates and judgments.
  • The determination of impairments taken is highly subjective and could materially impact our financial position or results of operations.
  • The covenants in our debt agreements limit our financial and operational flexibility, which could have an adverse effect on our financial condition.
  • The regulatory systems under which we operate and potential changes thereto could restrict our ability to operate, increase our costs, or otherwise adversely impact us.
  • We face risks related to changes in Bermuda law and regulations, and the political environment in Bermuda.
  • Because we are a holding company, we are dependent on dividends and payments from our subsidiaries.
  • Some aspects of our corporate structure may discourage third-party takeovers and other transactions or prevent the removal of our current board of directors and management.
  • Investors may have difficulty in serving process or enforcing judgments against us in the U.S.
  • Recent or future U.S. federal or state legislation may impact the private markets and decrease the demand for our property reinsurance products, which would adversely affect our business and results of operations.
  • Other political, regulatory and industry initiatives by state and international authorities could adversely affect our business.
  • Our business is subject to certain laws and regulations relating to sanctions and foreign corrupt practices, the violation of which could adversely affect our operations.
  • Increasing barriers to free trade and the free flow of capital could adversely affect the reinsurance industry and our business.
  • Regulatory regimes and changes to accounting rules may adversely impact financial results irrespective of business operations.
  • The exit by the U.K. from the EU (“Brexit”) could adversely affect our business.
  • U.S. taxing authorities could contend that one or more of our Bermuda subsidiaries is subject to U.S. corporate income tax, as a result of changes in laws or regulations, or otherwise.
  • Recently enacted U.S. tax reform legislation, as well as possible future tax reform legislation and regulations, could reduce our access to capital, decrease demand for our products and services, impact our shareholders or investors in our joint ventures or other entities we manage or otherwise adversely affect us.
  • The OECD and the EU may pursue measures that might increase our taxes and reduce our net income and increase our reporting requirements.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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