Renaissancere
RNR · NYSEFire, Marine & Casualty Insurance · Fiscal year ends Dec 31
Renaissancere reported revenue of $12.8B in the fiscal year ended Dec 2025, up 9.9% from the year before. Net income was $2.7B. Net debt was $598M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.1B | $9.1B | $11.7B | $12.8B |
| Interest expense | $48M | $48M | $73M | $94M | $121M |
| Pre-tax income | −$114M | −$1.2B | $3.1B | $3B | $4B |
| Income tax | −$11M | −$59M | −$510M | $33M | $396M |
| Net income | −$40M | −$1.1B | $2.6B | $1.9B | $2.7B |
| Diluted EPS | −1.57 | −25.50 | 52.27 | 35.21 | 56.03 |
| Diluted shares | 47M | 43M | 48M | 51M | 46M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.9B | $1.2B | $1.9B | $1.7B | $1.7B |
| Total assets | $34B | $36.6B | $49B | $50.7B | $53.8B |
| Long-term debt | $1.2B | $1.2B | $2B | $1.9B | $2.3B |
| Total liabilities | $23.8B | $26.7B | $33.5B | $33.2B | $34.6B |
| Shareholders' equity | $6.6B | $5.3B | $9.5B | $10.6B | $11.6B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $1.6B | $1.9B | $4.2B | $3.7B |
| Depreciation & amortisation | −$21M | −$27M | −$135M | $258M | −$14M |
| Stock-based compensation | $40M | $45M | $60M | $71M | $78M |
| Acquisitions | $0 | $0 | $2.4B | $0 | $0 |
| Share buybacks | $1B | $167M | $0 | $667M | $1.6B |
| Dividends paid | $68M | $65M | $75M | $81M | $75M |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −4.1% | 80.5% | 28.0% | 9.9% |
| EPS growth (YoY) | – | – | – | −32.6% | 59.1% |
| Net margin | −0.8% | −21.0% | 28.0% | 16.0% | 20.9% |
| Return on equityBlank when equity is negative | −0.6% | −19.9% | 27.1% | 17.7% | 23.1% |
| Cash conversion (CFO ÷ net income) | −30.8x | −1.51x | 0.75x | 2.23x | 1.38x |
| Debt ÷ equity | 0.18x | 0.22x | 0.21x | 0.18x | 0.20x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$691M | −$24M | $81M | $210M | $598M |
Recent filings
More in Fire, Marine & Casualty Insurance
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.