What does casualty and specialty — combined ratio mean?

The sum of the loss ratio and the underwriting expense ratio. It is the definitive measure of underwriting profitability; a ratio below 100% indicates an underwriting profit, while a ratio above 100% indicates an underwriting loss.

RenaissanceRe Holdings (RNR) Casualty and Specialty — Combined Ratio

Screener

Other segment segments

Property

27.1%-1.1%

Similar metrics at other companies

ORISpecialty Insurance Group — Combined Ratio

94.8%+5.0pp

RDNSpecialty Segment Operating — Combined Ratio

85.3%—

EIGCombined Ratio

110.9%+13.0pp

NOD

NODKCrop — Combined Ratio

100.9%-25.4pp

AXSInsurance — Combined Ratio

90%+4.7pp

AXSReinsurance — Combined Ratio

94.5%+2.5pp

Other financials

Income statement

See full

Revenue$2.8B-13.7%

Net income$663.1M-20.6%

EPS (diluted)$6.57+101%

Balance sheet

See full

Cash & equivalents$1.3B-8.9%

Total debt$2.3B+3.0%

Total equity$11.8B+9.4%

Total assets$55.2B+0.9%

Cash flow

See full

Operating cash flow$852.4M-42.0%

Valuation

See full

Market cap$13.45B+18.2%

Enterprise value$14.47B+18.5%

P/E5.1×-0.1×

P/S1.2×+0.3×

Profitability

See full

Net margin23.7%+6.7pp

Returns & leverage

See full

Return on equity23.3%+2.4pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by RenaissanceRe Holdings in its filing.

Tagged under the XBRL concept us-gaap:CombinedRatio.

The source filing: RenaissanceRe Holdings’s 10-Q, filed July 23, 2026.

Filed: Jul 23, 2026, 4:19 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000913144-26-000084

Six months ended June 30, 2025	Property	Casualty and Specialty	Other	Total
Net claims and claim expenses incurred – current accident year	$2,068,961	$2,182,504	—	$4,251,465
Net claims and claim expenses incurred – prior accident years	(453,634)	(11,950)	—	(465,584)
Net claims and claim expenses incurred – total	$1,615,327	$2,170,554	—	$3,785,881
Net claims and claim expense ratio – current accident year	97.8%	72.3%		82.8%
Net claims and claim expense ratio – prior accident years	(21.5)%	(0.4)%		(9.0)%
Net claims and claim expense ratio – calendar year	76.3%	71.9%		73.8%
Underwriting expense ratio	22.6%	34.5%		29.5%
Combined ratio	98.9%	106.4%		103.3%

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is RenaissanceRe Holdings's casualty and specialty — combined ratio?: RenaissanceRe Holdings (RNR) reported casualty and specialty — combined ratio of 103.3% in Q2 2026.
How has RenaissanceRe Holdings's casualty and specialty — combined ratio changed year-over-year?: RenaissanceRe Holdings's casualty and specialty — combined ratio increased by 1.5% year-over-year, from 101.8% to 103.3%.
What does casualty and specialty — combined ratio mean?: The sum of the loss ratio and the underwriting expense ratio. It is the definitive measure of underwriting profitability; a ratio below 100% indicates an underwriting profit, while a ratio above 100% indicates an underwriting loss.