RenaissanceRe Holdings (RenaissanceRe Holdings) Interest Expense : $-84.15 Mil (TTM As of Mar. 2024)

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What is RenaissanceRe Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RenaissanceRe Holdings's interest expense for the three months ended in Mar. 2024 was $ -23.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-84.15 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. RenaissanceRe Holdings's Operating Income for the three months ended in Mar. 2024 was $ 656.95 Mil. RenaissanceRe Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -23.10 Mil. RenaissanceRe Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 28.43. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

RenaissanceRe Holdings Interest Expense Historical Data

The historical data trend for RenaissanceRe Holdings's Interest Expense 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 Interest Expense Chart

RenaissanceRe Holdings Annual Data

Trend

Dec14

Dec15

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Dec20

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Dec23

Interest Expense

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-58.36

-50.45

-47.54

-48.34

-73.18

RenaissanceRe Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-12.13	-14.90	-22.95	-23.20	-23.10

RenaissanceRe Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-84.15 Mil.

RenaissanceRe Holdings (NYSE:RNRpF.PFD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

RenaissanceRe Holdings's Interest Expense for the three months ended in Mar. 2024 was $-23.10 Mil. Its EBIT for the three months ended in Mar. 2024 was $656.95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,884.41 Mil.

RenaissanceRe Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	656.945	/	-23.104
	=	28.43

The higher the ratio, the stronger the company's financial strength is.

RenaissanceRe Holdings (RenaissanceRe Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » RenaissanceRe Holdings Ltd (NYSE:RNRpF.PFD) » Definitions » Interest Expense

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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.