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RenaissanceRe: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — RenaissanceRe Holdings Ltd. (RNR) on Wednesday reported second-quarter earnings of $503.9 million.

The Pembroke, Bermuda-based company said it had net income of $9.41 per share. Earnings, adjusted for non-recurring costs, were $12.41 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $10.88 per share.

The insurance company posted revenue of $2.83 billion in the period. Its adjusted revenue was $2.95 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $2.93 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RNR at https://www.zacks.com/ap/RNR