Added to YB: 2023-06-23
Pitch date: 2023-06-23
RNR [bullish]
RenaissanceRe Holdings Ltd.
+47.1%
current return
Author Info
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
$185.19
Price Target
N/A
Dividend
0.61%
EV/EBITDA
7.44
P/E
7.59
EV/Sales
1.71
Sector
Insurance
Category
value
Leader in Catastrophe Reinsurance: RenaissanceRe (Initial Screen)
RNR: Leading P&C reinsurer, esp catastrophe risk. Sophist. modeling edge widens as climate change impacts pricing. Hard mkt benefits expertise>cheap capital. ILS pioneer w/$6B 3rd party AUM, 20% net income from fees. 97.7% combined ratio. 1.9x P/B w/$7.78/sh unrealized HTM losses. M&A (Validus RE) + mgmt align w/LT value creation. Buffett-like discipline.
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