RenaissanceRe Holdings (RenaissanceRe Holdings) Debt-to-Equity

: 0.21 (As of Dec. 2023)

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RenaissanceRe Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $75 Mil. RenaissanceRe Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,884 Mil. RenaissanceRe Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9,455 Mil. RenaissanceRe Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for RenaissanceRe Holdings's Debt-to-Equity or its related term are showing as below:

RNR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.2 Max: 0.23
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of RenaissanceRe Holdings was 0.23. The lowest was 0.07. And the median was 0.20.

RNR's Debt-to-Equity is ranked better than
53.52% of 383 companies
in the Insurance industry
Industry Median: 0.24 vs RNR: 0.21

RenaissanceRe Holdings Debt-to-Equity Historical Data

The historical data trend for RenaissanceRe Holdings's Debt-to-Equity 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.

* Premium members only.

RenaissanceRe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.23

0.15

0.18

0.22

0.21

RenaissanceRe Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.22	0.20	0.25	0.25	0.21

Competitive Comparison

For the Insurance - Reinsurance subindustry, RenaissanceRe Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Insurance industry and Financial Services sector, RenaissanceRe Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where RenaissanceRe Holdings's Debt-to-Equity falls into.

RenaissanceRe Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RenaissanceRe Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(75	+	1883.655)	/	9454.958
	=	0.21

RenaissanceRe Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(75	+	1883.655)	/	9454.958
	=	0.21

RenaissanceRe Holdings (NYSE:RNR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

RenaissanceRe Holdings Debt-to-Equity Related Terms

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RenaissanceRe Holdings (RenaissanceRe Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » RenaissanceRe Holdings Ltd (NYSE:RNR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RNRpG.PFD:USA RNRpF.PFD: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.

Executives

David E Marra	officer: EVP,Chief Underwriting Officer	RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Robert Qutub	officer: EVP, Chief Financial Officer	RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Kevin Odonnell	officer: SVP--Property Catastrophe	RENAISSANCE HOUSE, 8-12 EAST BROADWAY, PEMBROKE D0 HM19
Torsten Jeworrek	director	RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Carol P Sanders	director	PO BOX 2568, MADISON WI 53701-2568
Sean G Brosnan	officer: SVP, Chief Investment Officer	RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Gray Brian Gerald John	director	1081 NORTH WASEOSA LAKE ROAD, HUNTSVILLE A6 P1H 2J4
David C Bushnell	director	11730 HULL STREET ROAD, MIDLOTHIAN VA 23112
Shyam H Gidumal	director	2325 PALOS VERDES DRIVE WEST SUITE 211, PALOS VERDES ESTATES CA 90274
Henry Iii Klehm	director	RENAISSANCE HOUSE, 8-20 EAST BROADWAY, PEMBROKE D0 HM19
James Christopher Fraser	officer: SVP, Chief Accounting Officer	RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Ross Curtis	officer: SVP,Chief Underwriting Officer	RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Ian D Branagan	officer: SVP, Chief Risk Officer	RENAISSANCE HOUSE, 8-20 EAST BROADWAY, PEMBROKE D0 HM 19
Shannon Lowry Bender	officer: SVP, General Counsel & Secty	12 CROW LANE, PEMBROKE D0 HM 19
Aditya Dutt	officer: President, Ventures	RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19