Empire State Realty Trust Q2 Revenue Beats FactSet Estimate at $191.3 Million

RenaissanceRe Q2 adjusted earnings fell, but revenue rose to $3.21B, beating estimates of $2.97B. Adjusted EPS was $12.29 per share, above FactSet's estimate of $9.90. BofA Securities adjusted its price target to $425 from $440, maintaining a Buy rating.

Title: RenaissanceRe's Q2 2025 Financials: Revenue Growth, EPS Surpass Estimates

RenaissanceRe Holdings Ltd. (NYSE: RNR) reported its financial results for the second quarter of 2025, showcasing a mix of growth and improvement in key metrics. The company's revenue reached $3.21 billion, exceeding estimates of $2.97 billion, while adjusted earnings per share (EPS) stood at $12.29 per share, surpassing FactSet's estimate of $9.90. These results highlight a strong performance, particularly in the context of the broader market conditions.

The company's combined ratio improved to 75.1%, down from 81.1% in the same quarter last year, indicating a more efficient underwriting operation. The adjusted combined ratio, which excludes certain non-GAAP items, improved to 73.0%, reflecting better performance in net claims and claim expense ratios. RenaissanceRe's operating income available to common shareholders reached $594.6 million, up from $650.8 million in the same period last year.

Underwriting income for the property segment increased to $630.1 million, driven by successful mid-year renewals and growth in the catastrophe class. The casualty and specialty segment saw a net underwriting income of -$28.5 million, reflecting higher attritional losses and increased compensation expenses. Fee income also showed significant growth, reaching $95.0 million, up 12.9% from the previous year.

RenaissanceRe's President and Chief Executive Officer, Kevin J. O’Donnell, commented on the performance, stating, "We delivered outstanding results this quarter, reporting 24.2% annualized operating return on average common equity and 10.4% year-to-date growth in tangible book value per common share plus change in accumulated dividends. Underwriting and fee income reached record highs, and investment income remained near peak levels."

BofA Securities adjusted its price target to $425 from $440, maintaining a Buy rating, reflecting confidence in the company's financial health and future prospects.

References:
[1] https://www.morningstar.com/news/business-wire/20250723507929/renaissancere-reports-8265-million-of-net-income-available-to-common-shareholders-and-5946-million-of-operating-income-available-to-common-shareholders-in-q2-2025