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	7	+* RenaissanceRe Holdings Ltd. (RNR) was founded in 1993 by James Stanard and Stephen Velotti. The company emerged in response to a shifting landscape in the reinsurance market following Hurricane Andrew, a $16 billion loss event.
	8	+* RenaissanceRe is a global provider of reinsurance and insurance specializing in aligning well-structured risks with sources of capital. The company offers property, casualty, and specialty reinsurance, along with certain insurance solutions, primarily through intermediaries.
	9	+* The company's profitability is driven by three main factors, creating diversified earnings streams: underwriting income, fee income, and investment income. Underwriting income is derived from the core underwriting business, while fee income, primarily from managing third-party capital in the Capital Partners unit, includes management fee income and performance fee income.
	10	+* In addition to these income sources, RenaissanceRe actively explores various opportunities, such as establishing and managing joint ventures and managed funds, executing customized reinsurance transactions to assume or cede risk, and managing strategic investments focused on risk classes beyond catastrophe reinsurance.
	11	+* In 2022, the company experienced a decline in sales, with total sales reaching $5,060 million. This marked a decrease of $217 million or 4.1% compared to the sales figure of $5,277 million in 2021.
	12	+* The company's gross profit for 2022 amounted to $6,334 million, reflecting an increase of $1,140 million or 22% from the gross profit of $5,194 million in the previous year, 2021.
	13	+* Additionally, the company's operating profit decreased in 2022, totaling $-1,218 million, which was lower by $-1,104 million or 96.8% compared to the operating profit of $-114 million in 2021.
	14	+* The net profit for the year 2022 was $-1,096 million, representing an increase of $-1,023 million or 1,402% compared to the net profit of $-73 million in 2021.
	15	+* Moreover, the diluted earnings per share (EPS) for 2022 were reported as $-25.50, which showed a decrease of $-23.93 or 1,524% compared to the diluted EPS of $-1.57 in 2021.
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	17	+= Brief Company Overview =
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	19	+RenaissanceRe Holdings Ltd. (NYSE:RNR) is a global provider of reinsurance and insurance. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. The Company has two segments. The Property segment is comprised of catastrophe and other property reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Casualty and Specialty segment is comprised of casualty and specialty reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Company writes catastrophe reinsurance and insurance coverage protecting against natural and man-made catastrophes, such as earthquakes, hurricanes, typhoons and tsunamis, winter storms, freezes, floods, fires, windstorms, tornadoes, explosions and acts of terrorism, among others. Its subsidiaries include Renaissance Reinsurance Ltd., Validus Reinsurance Ltd. and others.
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	21	+RenaissanceRe’s principal wholly-owned operating subsidiaries are Renaissance Reinsurance, RREAG, Renaissance Reinsurance U.S., RenaissanceRe Specialty U.S., and Syndicate 1458. Through these subsidiaries, the company writes property and casualty and specialty (re)insurance that drives its underwriting income. Renaissance Reinsurance is the company’s flagship balance sheet, through which it has broad exposure to a range of risks. RenaissanceRe’s other balance sheets allow it to optimize where and how it writes specific risks, considering geographic location, regulatory flexibility, and the ability to access different markets of risk. For example, RenaissanceRe Specialty U.S. writes excess and surplus U.S. risk, which can be supported on a quota-share reinsurance or delegated authority basis through managing general agents. The company utilizes an integrated and flexible underwriting platform to ensure that risks are matched with the optimal wholly-owned operating subsidiary balance sheet.
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	23	+As of September 2023, the company had a 52-week share price range of $174.22 to $227.16. The trailing P/E ratio of the company is 7.06 times, the price-to-sales ratio (ttm) is 1.24 times, the profit margin is 17.97%, the operating margin is 25.49%, the return on assets (ttm) is 4.06%, the return on equity is 20.84%, and the diluted earnings per share (ttm) is $30.46. The aggregate market value of Common Shares held by nonaffiliated of the registrant at June 30, 2022 was $6.7 billion based on the closing sale price of the Common Shares on the New York Stock Exchange on that date. The number of Common Shares, par value US $1.00 per share, outstanding at February 3, 2023 was 43,719,732.
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