RenaissanceRe Holdings Ltd. has reported its financial results for the second quarter of 2025, showing a net income of $826.5 million available to common shareholders and an operating income of $594.6 million. The company achieved a combined ratio of 27.4% in its property segment, with growth driven by successful mid-year renewals.
In the casualty and specialty segment, RenaissanceRe recorded a combined ratio of 101.8% and an adjusted combined ratio of 99.5%. The company also saw an increase in fee income, reaching $95.0 million, up 12.9% from the same period last year.
The total investment result for the quarter was $762.8 million, which includes net investment income of $413.1 million and net realized and unrealized gains of $349.7 million.
RenaissanceRe uses certain non-GAAP financial measures to evaluate its performance, such as "operating income (loss) available (attributable) to RenaissanceRe common shareholders" and "tangible book value per common share." These measures are considered useful for comparing quarterly results and assessing corporate performance.
A conference call is scheduled for July 24, 2025, at 10:00 a.m. ET to discuss these results further.
RenaissanceRe is a global provider specializing in reinsurance and insurance solutions with offices in several countries including Bermuda, Australia, Canada, Ireland, Singapore, Switzerland, the United Kingdom, and the United States.
Forward-looking statements within this release reflect current views on future events but are subject to numerous factors that could cause actual results to differ materially.
For more detailed information on financial performance or forward-looking statements mentioned herein, visit RenaissanceRe's website or refer to their filings with the SEC.