RenaissanceRe Q3 net income to common shareholders rises to $1.2 billion
RenaissanceRe reported third-quarter 2024 net income available to common shareholders of $1.17 billion, or $22.62 per diluted share, compared with $194.0 million, or $3.80, a year earlier. Operating income available to common shareholders was $540.3 million, or $10.23 per diluted share, versus $8.41 in the third quarter of 2023, and the company said Hurricane Milton is estimated to reduce fourth-quarter 2024 results by $275.0 million.
Key points
- Net income available to common shareholders was $1.17 billion, or $22.62 per diluted share, versus $194.0 million, or $3.80, in Q3 2023.
- Operating income available to common shareholders was $540.3 million, or $10.23 per diluted share, versus $8.41 in Q3 2023.
- Q3 2024 large loss events had a net negative impact of $243.2 million on net income available to common shareholders.
- Hurricane Milton is estimated to have a net negative impact of $275.0 million on fourth-quarter 2024 results; the company repurchased $106.8 million of common shares in Q3 and on November 6, 2024 raised its repurchase authorization to $750
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.