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RenaissanceRe Holdings RNR Property — Underwriting expense ratio

Other segment segments

Casualty and Specialty
31.3%-7.4%

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Other financials

Income statement

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Revenue$2.8B-13.7%
Net income$663.1M-20.6%
EPS (diluted)$6.57+101%

Balance sheet

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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

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Operating cash flow$852.4M-42.0%

Valuation

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Market cap$13.45B+18.2%
Enterprise value$14.47B+18.5%
P/E5.1×-0.1×
P/S1.2×+0.3×

Profitability

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Net margin23.7%+6.7pp

Returns & leverage

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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:UnderwritingExpenseRatio.

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
Three months ended June 30, 2026PropertyCasualty and SpecialtyOtherTotal
Net claims and claim expenses incurred – current accident year$250,393$891,410$1,141,803
Net claims and claim expenses incurred – prior accident years(257,472)58,047(199,425)
Net claims and claim expenses incurred – total$(7,079)$949,457$942,378
Net claims and claim expense ratio – current accident year28.4%67.6%51.9%
Net claims and claim expense ratio – prior accident years(29.2)%4.4%(9.1)%
Net claims and claim expense ratio – calendar year(0.8)%72.0%42.8%
Underwriting expense ratio27.9%31.3%30.0%
Combined ratio27.1%103.3%72.8%

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is RenaissanceRe Holdings's property — underwriting expense ratio?
RenaissanceRe Holdings (RNR) reported property — underwriting expense ratio of 27.9% in Q2 2026.
How has RenaissanceRe Holdings's property — underwriting expense ratio changed year-over-year?
RenaissanceRe Holdings's property — underwriting expense ratio decreased by 1.4% year-over-year, from 28.3% to 27.9%.
What is the long-term trend for RenaissanceRe Holdings's property — underwriting expense ratio?
Over 4 years (2021 to 2025), RenaissanceRe Holdings's property — underwriting expense ratio has grown at a 1.5% compound annual growth rate (CAGR), from 72.9% to 77.3%.
What does property — underwriting expense ratio mean?
The ratio of underwriting expenses (acquisition and operational) to net premiums earned. It measures the efficiency of the company in managing its administrative and acquisition costs relative to the volume of business written.

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