RenaissanceRe Holdings (RenaissanceRe Holdings) Claims Ratio % : 0.00% (As of . 20)

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What is RenaissanceRe Holdings Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for RenaissanceRe Holdings's Claims Ratio % or its related term are showing as below:

RNRpF.PFD'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.

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RenaissanceRe Holdings Claims Ratio % Chart

RenaissanceRe Holdings (NYSE:RNRpF.PFD) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

RenaissanceRe Holdings (NYSE:RNRpF.PFD) 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

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RenaissanceRe Holdings (RenaissanceRe Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » RenaissanceRe Holdings Ltd (NYSE:RNRpF.PFD) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

RNRpG.PFD:USA RNR:USA RRJ:Germany

Address

12 Crow Lane, Renaissance House, Pembroke, BMU, HM 19

Website

https://www.renre.com

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.