Added to YB: 2025-06-11
Pitch date: 2025-04-24
RNR [bullish]
RenaissanceRe Holdings Ltd.
+19.24%
current return
Author Info
No bio for this author
Company Info
RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally.
Market Cap
$12.2B
Pitch Price
$228.45
Price Target
310.00 (+14%)
Dividend
0.61%
EV/EBITDA
7.44
P/E
7.59
EV/Sales
1.71
Sector
Insurance
Category
value
RENAISSANCERE HOLDINGS LTD - RNR
RNR: Premier reinsurer w/ pricing power, 30yr track record of 14.1% CAGR. Trading at 1.16x book, 6.6x forward P/E despite Q1 being worst Cat loss quarter historically. California wildfires caused $633M net loss, yet only modest operating loss. Bullish on hardening pricing market, improved terms & industry consolidation. PT $310 (36% upside).
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