Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
RenaissanceRe Holdings's Claims Ratio % for the quarter that ended in Mar. 2024 was 47.70%
, which is higher than
43.50% for the pervious quarter ended in Dec. 2023.
RenaissanceRe Holdings's Claims Ratio % for the annual that ended in Dec. 2023 was 47.80%
, which is lower than
68.50% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for RenaissanceRe Holdings's Claims Ratio % or its related term are showing as below:
RNR's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
RenaissanceRe Holdings Claims Ratio % Historical Data
The historical data trend for RenaissanceRe Holdings's Claims Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of RenaissanceRe Holdings's Claims Ratio %
For the Insurance - Reinsurance subindustry, RenaissanceRe Holdings's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
RenaissanceRe Holdings (NYSE:RNR) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
RenaissanceRe Holdings (NYSE:RNR) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
RenaissanceRe Holdings Claims Ratio % Related Terms
Thank you for viewing the detailed overview of RenaissanceRe Holdings's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
RenaissanceRe Holdings (RenaissanceRe Holdings) Business Description
RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property, casualty, specialty reinsurance, and certain insurance products. Revenue is derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are the Property segment which includes catastrophe and other property reinsurance, and the Casualty and Specialty segment which is comprised of casualty and specialty reinsurance. It derives a majority of its revenue from the Casualty and specialty segment.
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