RenaissanceRe Holdings Ltd. announced its financial results for the fourth quarter and full year 2024. For the full year 2024, the company reported $1.8 billion in Net Income Available to Common Shareholders and a robust $2.2 billion in Operating Income Available to Common Shareholders.
The full year 2024 saw an operating return on average common equity of 23.5% and a 26.0% increase in tangible book value per common share plus accumulated dividends. Gross premiums written for the full year surged to $11.7 billion, up from $8.9 billion in 2023.
For the fourth quarter of 2024, RenaissanceRe reported a net loss of $198.5 million, or $3.95 per diluted common share, primarily due to net realized and unrealized losses on investments. However, operating income for Q4 2024 was $406.9 million, or $8.06 per diluted common share, with underwriting income of $208.6 million and a combined ratio of 91.7%.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.