Prudential Financial's (PRU) Q4 performance is likely to have benefited from growth in asset-based businesses, solid international operations and pension risk transfer business.
The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today a quarterly dividend of $0.35 per common share on its common shares.
Chubb (CB) Q4 performance is likely to have benefited from premium growth in its Property and Casualty business, partly offset by loss in Agricultural business and catastrophes.
Importantly, earnings yield can be more useful than the traditional P/E ratio as the former facilitates comparisons of stocks with fixed- income securities.
Top Ranked Growth Stocks to Buy for February 25th
Q4 2019 Renaissancere Holdings Ltd Earnings Call
RenaissanceRe Holdings Ltd. (NYSE: RNR) (the "Company" or "RenaissanceRe") today reported net loss attributable to RenaissanceRe common shareholders of $82.0 million, or $1.89 per diluted common share, in the first quarter of 2020, compared to net income available to RenaissanceRe common shareholders of $273.7 million, or $6.43 per diluted common share, in the first quarter of 2019. Operating income available to RenaissanceRe common shareholders was $33.4 million, or $0.76 per diluted common share, in the first quarter of 2020, compared to $153.6 million, or $3.59 per diluted common share, in the first quarter of 2019. The Company reported an annualized return on average common equity of negative 6.3% and an annualized operating return on average common equity of positive 2.6% in the first quarter of 2020, compared to positive 23.5% and positive 13.1%, respectively, in the first quarter of 2019. Book value per common share decreased $3.38, or 2.8%, to $117.15 in the first quarter of 2020, compared to a 6.6% increase in the first quarter of 2019. Tangible book value per common share plus accumulated dividends decreased $2.99, or 2.6%, to $131.72 in the first quarter of 2020, compared to a 7.0% increase in the first quarter of 2019.
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long Term Issuer Credit Ratings (Long-Term ICR) of "aa-" of Renaissance Reinsurance Ltd. (RenaissanceRe), Renaissance Reinsurance U.S. Inc. (Maryland), RenaissanceRe Specialty U.S. Ltd., Renaissance Reinsurance of Europe Unlimited Company (Dublin, Ireland) and RenaissanceRe Europe AG (Zurich, Switzerland) (formally named Tokio Millennium Re AG). Additionally, AM Best has affirmed the Long-Term ICR of "a-" and Long-Term Issue Credit Ratings (Long-Term IR) of RenaissanceRe Holdings Ltd. [NYSE: RNR]. AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of "a+" of DaVinci Reinsurance Ltd. (DaVinci) and the Long-Term ICR of "bbb+" of DaVinciRe Holdings Ltd. Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of "a+" of Vermeer Reinsurance Ltd. (Vermeer). The outlook of these Credit Ratings (ratings) is stable. All aforementioned companies are domiciled in Bermuda unless otherwise specified. (See below for a detailed listing of the Long-Term IRs.)
RenaissanceRe's (RNR) Q1 results reflect the adversity of the coronavirus outbreak and its escalating expenses.
RenaissanceRe (RNR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Top Ranked Growth Stocks to Buy for March 20th
RenaissanceRe (RNR) holds potential to provide benefits to investors on the back of its growing premiums and financial strength.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Allstate's (ALL) Q4 results are likely to reflect increase in premium, partly offset by impairment and catastrophe charges.
Ladies and gentlemen, thank you for standing by, and welcome to the RenaissanceRe First Quarter 2020 Financial Results Conference Call. Before I start, it's nice to be back in the office today after several months from working from home.
While RenaissanceRe Holdings Ltd. (NYSE:RNR) shareholders are probably generally happy, the stock hasn't had...
RenaissanceRe Holdings Ltd. (NYSE:RNR) (the "Company" or "RenaissanceRe") will conduct an investment community conference call on Thursday, May 7, 2020, at 9:00 a.m. ET to discuss its financial results for the first quarter of 2020, as well as the Company's outlook. RenaissanceRe will release its results following the close of market on Wednesday, May 6, 2020.
RenaissanceRe Holdings Ltd. (NYSE: RNR) (the "Company" or "RenaissanceRe") announced today that Ed Cruttenden has been appointed Active Underwriter of RenaissanceRe’s Syndicate 1458 at Lloyd’s, effective May 1, 2020. In addition to managing business written at the Syndicate, Mr. Cruttenden will oversee all UK-based underwriting for the Company.
Q1 2020 Renaissancere Holdings Ltd Earnings Call
Today, Boost Insurance ("Boost") announced a $14 million Series A round of financing to expand its cutting edge infrastructure-as-a-service (IaaS) platform that is transforming the insurance industry. The round was co-led by Coatue and Greycroft, with participation from Tusk Venture Partners, Conversion Capital, and MetLife Chairman Glenn Hubbard. Existing investors Norwest Venture Partners and IA Capital Group also participated. The investment brings Boost's total funding to $17 million and will be used to launch new business lines and expand its API services.