RenaissanceRe posts $198.5 million Q4 net loss on Hurricane Milton; full-year profit $1.8 billion
RenaissanceRe reported a fourth-quarter 2024 net loss attributable to common shareholders of $198.5 million, or $(3.95) per diluted share, compared with net income of $1.58 billion in the fourth quarter of 2023. For full-year 2024, net income attributable to common shareholders was $1.8 billion ($35.21 per diluted share), down from $2.5 billion in 2023, while operating income rose to $2.2 billion. The company also estimated a pre-tax net negative impact of approximately $750 million from the California wildfires in the first quarter of 2025.
Key points
- Q4 2024 net loss of $198.5 million, or $(3.95) per diluted share, versus net income of $1.58 billion in Q4 2023
- Full-year 2024 net income of $1.8 billion ($35.21 per diluted share) versus $2.5 billion in 2023; operating income of $2.2 billion ($42.99 per diluted share) versus $1.8 billion
- Hurricane Milton had a net negative impact of $270.5 million on Q4 2024 net income
- Estimated pre-tax net negative impact of approximately $750 million from the California wildfires in Q1 2025, based on a $50 billion aggregate industry insured loss
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 January 28, 2025.
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.