How do you interpret operating segments — income tax expense benefit?

An increase in tax expense typically correlates with higher pre-tax segment profitability, while a tax benefit may indicate operational losses or the utilization of tax credits.

How does operating segments — income tax expense benefit compare across companies?

Comparable to income tax provisions reported by other global reinsurance and insurance entities.

RenaissanceRe Holdings RNR Operating Segments — Income Tax Expense Benefit

Discontinued — last reported Q3 '16

Similar metrics at other companies

NRGOperating Segments — Income Tax Expense Benefit

$2M+60.0%

ESOperating Segments — Income Tax Expense Benefit

$144.7M+4.2%

WTRGOperating Segments — Income Tax Expense Benefit

-$643K-117%

LADROperating Segments — Income Tax Expense Benefit

$0—

FEOperating Segments — Income Tax Expense Benefit

$176M+1.1%

NRZ

NRZOperating Segments — Income Tax Expense Benefit

——

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:IncomeTaxExpenseBenefit.

The official record: RenaissanceRe Holdings’s 10-Q, filed November 2, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — income tax expense benefit mean?: The total income tax cost or benefit associated with the operations of a specific business segment.
How do you interpret operating segments — income tax expense benefit?: An increase in tax expense typically correlates with higher pre-tax segment profitability, while a tax benefit may indicate operational losses or the utilization of tax credits.
How does operating segments — income tax expense benefit compare across companies?: Comparable to income tax provisions reported by other global reinsurance and insurance entities.