RenaissanceRe (RNR)
Market Price (12/4/2025): $267.46 | Market Cap: $12.3 BilSector: Financials | Industry: Reinsurance
RenaissanceRe (RNR)
Market Price (12/4/2025): $267.46Market Cap: $12.3 BilSector: FinancialsIndustry: Reinsurance
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 34% | Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -25% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9%, Rev Chg QQuarterly Revenue Change % is -20% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -47% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%, CFO LTM is 4.0 Bil, FCF LTM is 4.0 Bil | ||
| Low stock price volatilityVol 12M is 27% | ||
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Offshore Wind Development. Themes include Solar Energy Generation, Wind Energy Development, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 34% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -47% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%, CFO LTM is 4.0 Bil, FCF LTM is 4.0 Bil |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Offshore Wind Development. Themes include Solar Energy Generation, Wind Energy Development, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -23%, 3Y Excs Rtn is -25% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9%, Rev Chg QQuarterly Revenue Change % is -20% |
Valuation, Metrics & Events
RNR Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points for the movement of RenaissanceRe (RNR) stock from approximately August 31, 2025, to December 4, 2025:
1. Exceptional Q3 2025 Earnings Beat.
RenaissanceRe reported strong third-quarter 2025 financial results on October 28, 2025, significantly surpassing analyst expectations. The company announced operating income available to common shareholders of $733.7 million, or $15.62 per diluted common share, exceeding the consensus estimate of $9.49 by $6.13. Revenue also exceeded estimates, reaching $3.20 billion against an expected $1.97 billion.
2. Robust Underwriting Performance and Favorable Catastrophe Losses.
The Q3 2025 earnings report highlighted a strong combined ratio of 68.4% and an adjusted combined ratio of 66.6%. The property segment, in particular, demonstrated a combined ratio of 15.5%, attributed to low catastrophe losses and favorable development from prior accident years, indicating strong underlying business performance.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RNR Return | -15% | 3% | 10% | 7% | 28% | 7% | 42% |
| Peers Return | -10% | 39% | 13% | 5% | 25% | 9% | 103% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| RNR Win Rate | 50% | 58% | 58% | 58% | 58% | 70% | |
| Peers Win Rate | 58% | 63% | 58% | 60% | 65% | 60% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| RNR Max Drawdown | -39% | -16% | -26% | -4% | 0% | -11% | |
| Peers Max Drawdown | -54% | -2% | -10% | -21% | -1% | -9% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: TRV, MET, AIG, HIG, PRU. See RNR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | RNR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -28.1% | -25.4% |
| % Gain to Breakeven | 39.0% | 34.1% |
| Time to Breakeven | 93 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -40.8% | -33.9% |
| % Gain to Breakeven | 68.9% | 51.3% |
| Time to Breakeven | 1050 days | 148 days |
| 2018 Correction | ||
| % Loss | -22.4% | -19.8% |
| % Gain to Breakeven | 28.9% | 24.7% |
| Time to Breakeven | 457 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -46.6% | -56.8% |
| % Gain to Breakeven | 87.2% | 131.3% |
| Time to Breakeven | 840 days | 1480 days |
Compare to TRV, MET, AIG, HIG, PRU
In The Past
RenaissanceRe's stock fell -28.1% during the 2022 Inflation Shock from a high on 12/29/2021. A -28.1% loss requires a 39.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to RNR. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.4% | 3.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 9.5% | 9.5% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.1% | 0.1% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.1% | -0.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.7% | -7.7% | -11.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.4% | 3.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 9.5% | 9.5% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.1% | 0.1% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.1% | -0.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.7% | -7.7% | -11.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for RenaissanceRe
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 121.30 |
| Mkt Cap | 40.8 |
| Rev LTM | 38,050 |
| Op Inc LTM | - |
| FCF LTM | 5,570 |
| FCF 3Y Avg | 5,351 |
| CFO LTM | 5,631 |
| CFO 3Y Avg | 5,445 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.5% |
| Rev Chg 3Y Avg | 9.2% |
| Rev Chg Q | -6.5% |
| QoQ Delta Rev Chg LTM | -1.6% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 20.6% |
| CFO/Rev 3Y Avg | 19.6% |
| FCF/Rev LTM | 20.6% |
| FCF/Rev 3Y Avg | 19.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 40.8 |
| P/S | 1.1 |
| P/EBIT | 8.1 |
| P/E | 12.0 |
| P/CFO | 6.3 |
| Total Yield | 10.6% |
| Dividend Yield | 1.9% |
| FCF Yield 3Y Avg | 16.5% |
| D/E | 0.2 |
| Net D/E | -1.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.1% |
| 3M Rtn | 1.8% |
| 6M Rtn | 5.1% |
| 12M Rtn | -0.9% |
| 3Y Rtn | 38.1% |
| 1M Excs Rtn | 5.1% |
| 3M Excs Rtn | -4.7% |
| 6M Excs Rtn | -9.6% |
| 12M Excs Rtn | -15.5% |
| 3Y Excs Rtn | -31.3% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10292025 | 10-Q 9/30/2025 |
| 6302025 | 7242025 | 10-Q 6/30/2025 |
| 3312025 | 4242025 | 10-Q 3/31/2025 |
| 12312024 | 2122025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 7252024 | 10-Q 6/30/2024 |
| 3312024 | 5012024 | 10-Q 3/31/2024 |
| 12312023 | 2212024 | 10-K 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 7262023 | 10-Q 6/30/2023 |
| 3312023 | 5032023 | 10-Q 3/31/2023 |
| 12312022 | 2082023 | 10-K 12/31/2022 |
| 9302022 | 11022022 | 10-Q 9/30/2022 |
| 6302022 | 7262022 | 10-Q 6/30/2022 |
| 3312022 | 5042022 | 10-Q 3/31/2022 |
| 12312021 | 2042022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |