RenaissanceRe Holdings Ltd. has reported its financial results for the third quarter of 2025, with net income available to common shareholders totaling $907.7 million and operating income available to common shareholders at $733.7 million.
The company’s property segment posted a combined ratio of 15.5%, alongside an underlying growth rate of 21.9% in catastrophe class gross premiums written, excluding the impact of reinstatement premiums. In the casualty and specialty segment, the combined ratio was 101.4%, with an adjusted combined ratio of 99.3%.
Fee income for the quarter reached $101.8 million, representing a 24.1% increase compared to the same period in 2024. RenaissanceRe also reported a total investment result of $750.2 million, which included net investment income of $438.4 million and net realized and unrealized gains amounting to $311.9 million.
The company noted that some figures referenced are non-GAAP financial measures, such as operating income available to common shareholders and adjusted combined ratio, among others. Reconciliations between these non-GAAP measures and their most comparable GAAP counterparts are provided in supplemental financial data accessible through the company’s website at www.renre.com.
A conference call discussing these results is scheduled for Wednesday, October 29, 2025 at 10:00 a.m. ET, with a live webcast available on RenaissanceRe’s investor relations site (investor.renre.com). A replay will be made available following the event.
Founded in 1993, RenaissanceRe operates globally as a provider of reinsurance and insurance services specializing in matching risk with capital efficiency across property, casualty, and specialty lines through intermediaries.
The company cautioned that forward-looking statements contained in its release are subject to numerous risks that could cause actual results to differ materially from those projected, including exposure to catastrophic events, climate change impacts, claims reserving effectiveness, market volatility affecting investments, regulatory changes in Bermuda or other jurisdictions where it operates, geopolitical developments such as conflicts involving Russia or Ukraine or unrest in the Middle East, cybersecurity threats, and other factors disclosed in filings with the U.S. Securities and Exchange Commission.
Management stated its belief that non-GAAP measures like “operating income (loss) available (attributable) to RenaissanceRe common shareholders,” “tangible book value per common share,” “tangible book value per common share plus accumulated dividends,” and “adjusted combined ratio” provide better comparability for investors assessing performance over time or against peers within or outside the industry.
Further details about these financial metrics—including definitions and reconciliations—are included within tables attached to the press release.