RenRe in strong earnings beat as UW, fee and investment income all jump

Published: Wed 1 Nov 2023

RenaissanceRe generated $8.33 of third quarter operating income per share as it delivered on all fronts, turning a Q3 2022 underwriting loss of $683.1mn into a $385.8mn profit, growing fee income by 150.9 percent to $64.6mn, and investment income by 108.6 percent to $329.1mn.