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RenaissanceRe Holdings RNR Operating Segments — Deferred Policy Acquisition Cost Amortization Expense

Discontinued — last reported Q2 '18

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WRBOperating Segments — Supplementary Insurance Information Amortization Of Deferred Policy Acquisition Costs
$228.81M-17.7%
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Other financials

Income statement

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Revenue$2.2B-36.8%
Net income$293.4M+72.6%
EPS (diluted)$6.57+101%

Balance sheet

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Cash & equivalents$1.6B-4.3%
Total debt$2.3B-15.4%
Total equity$11.5B+11.3%
Total assets$53.7B+0.2%

Cash flow

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Operating cash flow$687.6M+336%

Valuation

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Market cap$12.75B+9.1%
Enterprise value$13.52B+5.5%
P/E4.6×-1.8×
P/S1.1×+0.2×

Profitability

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Net margin24.2%+9.5pp

Returns & leverage

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Return on equity25.7%+7.2pp
Debt / equity0.2×-0.1×

Where this comes from

Reported directly by RenaissanceRe Holdings in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostAmortizationExpense.

The official record: RenaissanceRe Holdings’s 10-Q, filed July 25, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — deferred policy acquisition cost amortization expense mean?
The portion of policy acquisition costs recognized as an expense during the current period.
How do you interpret operating segments — deferred policy acquisition cost amortization expense?
Changes reflect shifts in business volume or changes in the mix of business with different commission structures.
How does operating segments — deferred policy acquisition cost amortization expense compare across companies?
Standard accounting practice for insurers, often labeled as 'DAC amortization' or 'amortization of deferred acquisition costs'.