--- title: "Renaissancere Re | 8-K: FY2026 Q2 Revenue: USD 2.769 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/293518485.md" datetime: "2026-07-22T20:36:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293518485.md) - [en](https://longbridge.com/en/news/293518485.md) - [zh-HK](https://longbridge.com/zh-HK/news/293518485.md) generator: "portal-rs" --- # Renaissancere Re | 8-K: FY2026 Q2 Revenue: USD 2.769 B Revenue: As of FY2026 Q2, the actual value is USD 2.769 B. EPS: As of FY2026 Q2, the actual value is USD 15.48, beating the estimate of USD 12.7155. EBIT: As of FY2026 Q2, the actual value is USD 1.15 B. #### Net Income Available to RenaissanceRe Holdings Ltd. Common Shareholders Net income available to RenaissanceRe Holdings Ltd. common shareholders was $654.2 million for the three months ended June 30, 2026, compared to $826.5 million for the same period in 2025. For the six months ended June 30, 2026, it was $938,769 thousand, down from $987,654 thousand for the six months ended June 30, 2025. #### Operating Income Available to RenaissanceRe Holdings Ltd. Common Shareholders Operating income available to RenaissanceRe Holdings Ltd. common shareholders was $547.8 million for the three months ended June 30, 2026, a decrease from $594.6 million in the prior year period. For the six months ended June 30, 2026, operating income was $1,138,298 thousand, significantly up from $524,829 thousand for the six months ended June 30, 2025. #### Gross Premiums Written Total gross premiums written were $2,994,424 thousand for the three months ended June 30, 2026, down from $3,421,180 thousand in the prior year period. For the six months ended June 30, 2026, total gross premiums written were $6,473,297 thousand, compared to $7,576,683 thousand for the six months ended June 30, 2025. **Property Segment**: Gross premiums written were $1,551,685 thousand for the three months ended June 30, 2026, a 10.4% decrease year-over-year, primarily due to a -$187.7 million (13.9%) decrease in the catastrophe class, partially offset by a $35.0 million increase in the other property class. For the six months ended June 30, 2026, the Property segment reported $3,259,105 thousand, a 15.6% decrease year-over-year. **Casualty and Specialty Segment**: Gross premiums written were $1,442,739 thousand for the three months ended June 30, 2026, a 14.6% decrease year-over-year, mainly due to exposure reductions and changes in premium estimates. For the six months ended June 30, 2026, this segment reported $3,214,192 thousand, a 13.5% decrease year-over-year. #### Net Premiums Written Total net premiums written were $2,276,960 thousand for the three months ended June 30, 2026, down from $2,770,270 thousand in the prior year period. For the six months ended June 30, 2026, total net premiums written were $4,955,256 thousand, compared to $6,213,799 thousand for the six months ended June 30, 2025. **Property Segment**: Net premiums written were $1,203,424 thousand for the three months ended June 30, 2026, a 9.2% decrease year-over-year. For the six months ended June 30, 2026, this segment reported $2,458,617 thousand, an 18.5% decrease year-over-year. **Casualty and Specialty Segment**: Net premiums written were $1,073,536 thousand for the three months ended June 30, 2026, a 25.7% decrease year-over-year, consistent with gross premiums written drivers and increased retrocessional purchases. For the six months ended June 30, 2026, this segment reported $2,496,639 thousand, a 21.9% decrease year-over-year. #### Net Premiums Earned Total net premiums earned were $2,199,521 thousand for the three months ended June 30, 2026, down from $2,412,154 thousand in the prior year period. For the six months ended June 30, 2026, total net premiums earned were $4,383,135 thousand, compared to $5,132,935 thousand for the six months ended June 30, 2025. **Property Segment**: Net premiums earned increased by 1.6% year-over-year to $881,611 thousand for the three months ended June 30, 2026. For the six months ended June 30, 2026, this segment reported $1,782,349 thousand, a 15.8% decrease year-over-year. **Casualty and Specialty Segment**: Net premiums earned decreased by 14.7% year-over-year to $1,317,910 thousand for the three months ended June 30, 2026. For the six months ended June 30, 2026, this segment reported $2,600,786 thousand, a 13.8% decrease year-over-year. #### Underwriting Income (Loss) Total underwriting income was $599,117 thousand for the three months ended June 30, 2026, a slight decrease from $601,688 thousand in the prior year period. For the six months ended June 30, 2026, total underwriting income was $1,187,875 thousand, a significant improvement from - $168,909 thousand for the six months ended June 30, 2025. **Property Segment**: Underwriting income was $642,675 thousand for the three months ended June 30, 2026, up from $630,171 thousand in the prior year period, benefiting from low current accident year net losses and -$257.5 million net favorable development from prior accident years. For the six months ended June 30, 2026, this segment reported $1,236,538 thousand, compared to $22,953 thousand for the six months ended June 30, 2025. **Casualty and Specialty Segment**: Underwriting loss was - $43,558 thousand for the three months ended June 30, 2026, compared to - $28,483 thousand in the prior year period, including adverse development related to the Baltimore Bridge Collapse. For the six months ended June 30, 2026, this segment reported - $48,663 thousand, an improvement from - $191,862 thousand for the six months ended June 30, 2025. #### Combined Ratio Total combined ratio improved to 72.8% for the three months ended June 30, 2026, from 75.1% in the prior year period, driven by strong current year results, low catastrophe losses, and favorable prior year development. For the six months ended June 30, 2026, the total combined ratio was 72.9%, a significant improvement from 103.3% for the six months ended June 30, 2025. **Property Segment**: The combined ratio was 27.1% for the three months ended June 30, 2026, compared to 27.4% in the prior year period. For the six months ended June 30, 2026, it was 30.6%, compared to 98.9% for the six months ended June 30, 2025. **Casualty and Specialty Segment**: The combined ratio was 103.3% for the three months ended June 30, 2026, compared to 101.8% in the prior year period. For the six months ended June 30, 2026, it was 101.9%, compared to 106.4% for the six months ended June 30, 2025. #### Adjusted Combined Ratio Total adjusted combined ratio was 71.7% for the three months ended June 30, 2026, compared to 73.0% in the prior year period. For the six months ended June 30, 2026, the total adjusted combined ratio was 71.9%, compared to 101.3% for the six months ended June 30, 2025. **Property Segment**: The adjusted combined ratio was 26.0% for the three months ended June 30, 2026, compared to 25.8% in the prior year period. For the six months ended June 30, 2026, it was 29.6%, compared to 97.3% for the six months ended June 30, 2025. **Casualty and Specialty Segment**: The adjusted combined ratio was 102.3% for the three months ended June 30, 2026, compared to 99.5% in the prior year period. For the six months ended June 30, 2026, it was 100.8%, compared to 104.0% for the six months ended June 30, 2025. #### Total Expenses Total expenses were $1,650,863 thousand for the three months ended June 30, 2026, down from $1,866,040 thousand in the prior year period. For the six months ended June 30, 2026, total expenses were $3,296,965 thousand, compared to $5,407,314 thousand for the six months ended June 30, 2025. #### Total Fee Income Total fee income was $83,027 thousand for the three months ended June 30, 2026, down from $94,957 thousand in the prior year period. For the six months ended June 30, 2026, total fee income was $177,153 thousand, compared to $125,414 thousand for the six months ended June 30, 2025. **Management Fee Income**: $48,138 thousand for the three months ended June 30, 2026, down from $56,407 thousand in the prior year period due to lower fees in DaVinci and Fontana. **Performance Fee Income**: $34,889 thousand for the three months ended June 30, 2026, down from $38,550 thousand in the prior year period, primarily due to lower prior accident years net favorable development within Upsilon. #### Total Investment Result - **Managed**: Total investment result (managed) was $571,946 thousand for the three months ended June 30, 2026, down from $783,161 thousand in the prior year period. For the six months ended June 30, 2026, it was $591,020 thousand, compared to $1,539,282 thousand for the six months ended June 30, 2025. - **Retained**: Total investment result (retained) was $485,702 thousand for the three months ended June 30, 2026, down from $649,427 thousand in the prior year period. For the six months ended June 30, 2026, it was $453,577 thousand, compared to $1,274,673 thousand for the six months ended June 30, 2025. - **Net Investment Income (Consolidated)**: $432,489 thousand for the three months ended June 30, 2026, up 4.7% from $413,108 thousand in the prior year period, driven by higher average invested assets and portfolio reallocation. - **Net Realized and Unrealized Gains (Losses) on Investments**: $121,628 thousand for the three months ended June 30, 2026, down from $349,720 thousand in the prior year period, including $217.3 million net gains on equity-related investments and -$115.3 million net losses on fixed maturity-related investments. - **Total Investments**: $36.2 billion at June 30, 2026, compared to $36.1 billion at December 31, 2025. #### Redeemable Noncontrolling Interests Redeemable noncontrolling interests on consolidated balance sheets were $7,343,353 thousand at June 30, 2026, down from $7,602,092 thousand at December 31, 2025. Net income attributable to redeemable noncontrolling interests was - $537,711 thousand for the six months ended June 30, 2026, compared to - $133,087 thousand for the six months ended June 30, 2025. #### Book Value and Tangible Book Value Per Common Share Book value per common share was $264.77 at June 30, 2026, representing a 5.7% quarterly growth or 24.8% growth since June 30, 2025. Tangible book value per common share was $247.66 at June 30, 2026, compared to $230.10 at December 31, 2025. Tangible book value per common share plus accumulated dividends was $278.16 at June 30, 2026, with a quarterly change of 6.2%, compared to $259.78 at December 31, 2025. #### Operational Costs - **Net Claims and Claim Expenses Incurred**: $942,378 thousand for the three months ended June 30, 2026, down from $1,042,123 thousand in the prior year period. - **Acquisition Expenses**: $563,279 thousand for the three months ended June 30, 2026, down from $642,605 thousand in the prior year period. - **Operational Expenses**: $94,747 thousand for the three months ended June 30, 2026, down from $125,738 thousand in the prior year period. - **Corporate Expenses**: $18,681 thousand for the three months ended June 30, 2026, down from $23,781 thousand in the prior year period. - **Income Tax Expense**: $139.4 million for the three months ended June 30, 2026, compared to an expense of $176.9 million in the prior year period, primarily driven by strong operating profits. #### Unique Metrics Annualized return on average common equity was 24.0%, and annualized operating return on average common equity was 20.1% for the three months ended June 30, 2026. RenaissanceRe Holdings Ltd. repurchased 1.2 million common shares for $350.0 million at an average price of $300.82 per common share in Q2 2026, with an additional $82.9 million of shares repurchased from July 1, 2026, through July 20, 2026. #### Cash Flow The provided reference does not include a statement of cash flows or specific line items for operating cash flow or free cash flow. #### Outlook / Guidance The report indicates that the company’s combination of disciplined execution, diversified earnings streams, and consistent capital management positions it to continue compounding tangible book value per common share. However, the report does not contain specific quantitative forward-looking guidance or outlook from management regarding expected future results. ### Related Stocks - [RNR.US](https://longbridge.com/en/quote/RNR.US.md) ## Related News & Research - [RenaissanceRe EVP, Chief Portfolio Officer Curtis Ross sells 5,000 common shares for $1.63 million](https://longbridge.com/en/news/296141969.md) - [RenaissanceRe CFO Robert Qutub disposes of common shares worth $1.66 million](https://longbridge.com/en/news/294109409.md) - [RNR: Strong Q2 2026 results: $654.2M net income, 24% ROE, and robust capital returns](https://longbridge.com/en/news/293519145.md) - [RenaissanceRe Holdings Ltd. 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