RenaissanceRe Reports Third Quarter 2020 Net Income Available to Common Shareholders of $47.8 Million, or $0.94 Per Diluted Common Share; Operating Loss Attributable to Common Shareholders of $131.7 M

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Go back to RenaissanceRe Reports Third Quarter 2020 Net Income Available to Common Shareholders of $47.8 Million, or $0.94 Per Diluted Common Share; Operating Loss Attributable to Common Shareholders of $131.7 M

RenaissanceRe (RNR) Misses Q3 EPS by $2.73, Revenues Beat

October 27, 2020 4:34 PM EDT

RenaissanceRe (NYSE: RNR) reported Q3 EPS of ($2.64), $2.73 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.27 billion.

Third Quarter of 2020 Summary

Net negative impact on net income available to RenaissanceRe common shareholders of $321.7 million resulting from Hurricane Laura, Hurricane Sally, the wildfires occurring in California, Oregon and Washington (the Q3 2020 Wildfires), other catastrophe events including the August 2020 derecho which impacted the U.S. Midwest, Hurricane Isaias, and Typhoon Maysak (the Other Q3 2020 Catastrophe Events), and loss estimates associated with aggregate loss contracts... More