How do you interpret reportable legal entities — income tax expense benefit?

An increase in expense reduces net income, while a tax benefit can bolster the bottom line.

How does reportable legal entities — income tax expense benefit compare across companies?

Standardized as Income Tax Expense in financial statements across all sectors.

RenaissanceRe Holdings RNR Reportable Legal Entities — Income Tax Expense Benefit

Discontinued — last reported Q2 '18

Similar metrics at other companies

RSReportable Legal Entities — Income Tax Expense Benefit

$56.4M+23.4%

ARMKReportable Legal Entities — Income Tax Expense Benefit

-$35.76M-397%

ARReportable Legal Entities — Income Tax Expense Benefit

-$25.57M-236%

CTREReportable Legal Entities — Income Tax Expense Benefit

$27.25K—

ACMReportable Legal Entities — Income Tax Expense Benefit

$23.3M+232%

TPX

TPXReportable Legal Entities — Income Tax Expense Benefit

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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:IncomeTaxExpenseBenefit.

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

Questions, answered.

What does reportable legal entities — income tax expense benefit mean?: The total income tax cost or benefit recorded by the company.
How do you interpret reportable legal entities — income tax expense benefit?: An increase in expense reduces net income, while a tax benefit can bolster the bottom line.
How does reportable legal entities — income tax expense benefit compare across companies?: Standardized as Income Tax Expense in financial statements across all sectors.