Q2 results show lower net income but improved underwriting
RenaissanceRe posted Q2 net income available to common shareholders of USD 654.2 million, down 20.84% year over year, with diluted EPS of USD 15.48.
The combined ratio improved 2.3 percentage points to 72.8%, driven by strong current-year results, low catastrophe losses, and favorable prior-year development.
Net investment income rose 4.7% from Q2 2025 to USD 432.5 million, while gross premiums written fell 12.48% to USD 2.99 billion.
Book value per common share climbed 5.7% in the quarter to USD 264.77, supported by USD 350 million of share repurchases at an average USD 300.82.
CEO Kevin J. O'Donnell cited strong contributions from underwriting, fee, and investment income, with disciplined portfolio decisions including added retrocessional protection.
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