RenaissanceRe (RNR) Misses Q3 EPS by 10c
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RenaissanceRe Reports Net Income of $146.8 Million for the Third Quarter of 2016 or $3.56 Per Diluted Common Share; Quarterly Operating Income of $87.0 Million or $2.09 Per Diluted Common Share
November 1, 2016 4:16 PM EDTPEMBROKE, Bermuda--(BUSINESS WIRE)-- RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) today reported net income available to RenaissanceRe common shareholders of $146.8 million, or $3.56 per diluted common share, in the third quarter of 2016, compared to $75.5 million, or $1.66 per diluted common share, respectively, in the third quarter of 2015. Operating income available to RenaissanceRe common shareholders was $87.0 million, or $2.09 per diluted common share, in the third quarter of 2016, compared to $116.7 million, or $2.58 per diluted common share, respectively, in the third quarter of 2015. The Company reported an annualized return on average common equity of 13.5% and an annualized... More
