RNRRENAISSANCERE HOLDINGS LTD
Fire, Marine & Casualty Insurance
- Revenue
- $12.8B
- 9.9% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $13.9B
- Employees
- 1,040
- $12M revenue each
- Net debt / EBITDA
- —
- $1.2B net debt
- AI in 10-K
- 0.3
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo138% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo45% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$12M · 94th pctBottom quartile of its SIC industry
- Quiet on AIYes0.3 per 10K words · 17th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$13.9B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$16M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.3B | $5.1B | $9.1B | $11.7B | $12.8B | 9.9% |
| Net income | −$40M | −$1.1B | $2.6B | $1.9B | $2.7B | 43% |
| Operating cash flow | $1.2B | $1.6B | $1.9B | $4.2B | $3.7B | 11% |
| Stock-based comp | $40M | $45M | $60M | $71M | $78M | 8.5% |
| Buybacks | $1.0B | $167M | $0 | $667M | $1.6B | 140% |
| Dividends | $68M | $65M | $75M | $81M | $75M | 7.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $16M · 15
- Net
- −$16M
Pay vs performance
No pay-versus-performance disclosure yet.