Reinsurance provider RenaissanceRe (NYSE: RNR) will be reporting earnings this Tuesday after the bell. Here’s what investors should know.
RenaissanceRe beat analysts’ revenue expectations by 8.7% last quarter, reporting revenues of $3.21 billion, up 13.4% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.
Is RenaissanceRe a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting RenaissanceRe’s revenue to decline 26.7% year on year to $2.91 billion, a reversal from the 116% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $9.50 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. RenaissanceRe has missed Wall Street’s revenue estimates four times over the last two years.
Looking at RenaissanceRe’s peers in the insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 19.1%, beating analysts’ expectations by 30.8%, and First American Financial reported revenues up 40.7%, topping estimates by 6.2%. Stewart Information Services traded down 4.1% following the results while First American Financial was up 3.6%.
Read our full analysis of Stewart Information Services’s results here and First American Financial’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. RenaissanceRe is down 2.7% during the same time and is heading into earnings with an average analyst price target of $282.86 (compared to the current share price of $243.44).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
