RNR

RenaissanceRe Holdings Ltd. RNR is set to report second-quarter 2026 results on July 22, after the closing bell. The bottom-line estimate is currently pegged at $11.37 per share on revenues of $2.67 billion. The second-quarter earnings estimate has witnessed two upward revisions but no downward revision over the past 60 days. The bottom-line projection indicates a year-over-year decline of 7.5%. The Zacks Consensus Estimate for quarterly revenues implies a year-over-year decrease of 5.7%. Image Source: Zacks Investment Research For 2026, the Zacks Consensus Estimate for revenues is pegged at $10.54 billion, implying a 9.2% year-over-year decline. The bottom-line estimate is currently pegged at $40.57 for 2026, calling for a 3.8% year-over-year increase. RenaissanceRe Holdings beat on earnings in each of the trailing four quarters, delivering an average surprise of 33.6%. This performance is illustrated in the figure below. RenaissanceRe Holdings Ltd. price-eps-surprise | RenaissanceRe Holdings Ltd. Quote Our proven model predicts an earnings beat for RNR this time around. Stocks with the favorable combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) have a higher chance of beating on earnings. This is exactly the case here as you can see below. RNR has an Earnings ESP of +0.97% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. RNR is expected to have benefited from higher net investment income in the second quarter. The Zacks Consensus Estimate is currently pegged at $432.7 million, up 4.7% from the year-ago period’s level. Meanwhile, our model projects net investment income of $436.1 million for the quarter. Net premiums earned are likely to have faced pressure in the second quarter. The Zacks Consensus Estimate projects the figure to be $2.2 billion, down 7.7% from the year-ago quarter, primarily due to weakness in the Casualty and Specialty segment. Premiums in the segment are expected to decline 14.1% year over year to $1.3 billion from $1.5 billion in the prior-year quarter. In contrast, the Property segment is projected to grow 3.9% year over year to $901.6 million. The Zacks Consensus Estimate calls for a combined ratio of 81.64% compared with 75.1% in the year-ago quarter. Our model, however, projects a slightly higher combined r...

RenaissanceRe (RNR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This insurance company is expected to post quarterly earnings of $11.37 per share in its upcoming report, which represents a year-over-year change of -7.5%. Revenues are expected to be $2.67 billion, down 5.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.87% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant fo...

Let’s dig into the relative performance of RenaissanceRe (NYSE:RNR) and its peers as we unravel the now-completed Q1 reinsurance earnings season. This is a cyclical industry, and the sector benefits when there is 'hard market', characterized by strong premium rate increases that outpace loss and cost inflation, resulting in robust underwriting margins. The opposite is true in a 'soft market'. Interest rates also matter, as they determine the yields earned on fixed-income portfolios. The primary headwind remains the immense and concentrated exposure to large-scale catastrophe losses, as the growing impact of climate change challenges traditional risk models and creates significant earnings volatility. Additionally, they face the risk of adverse prior-year reserve development, where claims prove more costly than anticipated, while the eventual influx of new capital from alternative sources threatens to soften the market and compress future returns. The 6 reinsurance stocks we track reported a strong Q1. As a group, revenues missed analysts’ consensus estimates by 1.4%. Luckily, reinsurance stocks have performed well with share prices up 10.4% on average since the latest earnings results. Born in Bermuda after the devastating Hurricane Andrew created a crisis in the catastrophe insurance market, RenaissanceRe (NYSE:RNR) provides property, casualty, and specialty reinsurance and insurance solutions to customers worldwide, primarily through intermediaries. RenaissanceRe reported revenues of $2.19 billion, down 36.8% year on year. This print fell short of analysts’ expectations by 21.4%. Overall, it was a mixed quarter for the company with a beat of analysts’ EPS estimates but a significant miss of analysts’ net premiums earned estimates. RenaissanceRe delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. Interestingly, the stock is up 4.2% since reporting and currently trades at $323.76. Is now the time to buy RenaissanceRe? Access our full analysis of the earnings results here, it’s free. Founded in 2013 and operating through three distinct underwriting platforms across four countries, Hamilton Insurance Group (NYSE:HG) operates global specialty insurance and reinsurance platforms across Lloyd's, Ireland, Bermuda, and the United States. Hamilton Insurance Group reported revenues of $758.9 million, down 1.3% ye...

PEMBROKE, Bermuda, July 02, 2026--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (the "Company" or "RenaissanceRe") will conduct an investment community conference call on Thursday, July 23, 2026, at 10:00 a.m. ET to discuss its financial results for the second quarter of 2026, as well as the Company’s outlook. RenaissanceRe will release its results following the close of market on Wednesday, July 22, 2026. A live webcast of the conference call will be available through the Investors section of RenaissanceRe’s website at investor.renre.com. A replay will be available after the call at the same location. About RenaissanceRe RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching desirable risk with efficient capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, and headquartered in Bermuda, RenaissanceRe has offices across North America, Europe, and the Asia-Pacific region. View source version on businesswire.com: https://www.businesswire.com/news/home/20260702567558/en/ Contacts Investor Contact:RenaissanceRe Holdings Ltd.Keith McCueSenior Vice President, Finance & Investor Relations441-239-4830 Media Contacts:RenaissanceRe Holdings Ltd.Hayden KennySenior Vice President, Investor Relations & Communications441-239-4946 Kekst CNCNicholas Capuano917-842-7859

A month has gone by since the last earnings report for RenaissanceRe (RNR). Shares have lost about 4.6% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is RenaissanceRe due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. RNR Q1 Earnings Beat on Lower Expenses & Strong Investment Results RenaissanceRe reported first-quarter 2026 operating income of $13.75 per share, which surpassed the Zacks Consensus Estimate by 24.2%. The bottom line improved from the year-ago quarter’s operating loss of $1.49. Total operating revenues declined 16.6% year over year to $2.6 billion. The top line missed the consensus mark by 10.6%. The quarterly earnings were aided by a decline in expenses and strong underwriting performance in both segments. Improved combined ratio and fee income also contributed to the upside. However, the upside was partly offset by lower net premiums earned across both segments. Gross premiums written of $3.5 billion tumbled 16.3% year over year and missed our estimate of $4 billion. Net premiums earned fell 19.7% year over year to $2.2 billion. The metric fell short of the Zacks Consensus Estimate and our estimate of $2.5 billion. Net investment income of $420.5 million advanced 3.7% year over year in the quarter under review on the back of increased average invested assets and reallocation of the portfolio. The metric missed the consensus mark of $446.6 million and our estimate of $446.2 million. Fee income of $94.1 million increased more than threefold year over year. Total expenses came in at $1.6 billion, which dropped 53.5% year over year and came lower than our estimate of $2.2 billion. The year-over-year decrease resulted from a decline in net claims and claim expenses incurred, acquisition costs and operational expenses. RenaissanceRe’s underwriting income increased to $588.8 million from the prior-year quarter’s loss of $770.6 million. The combined ratio of 73% improved from 128.3% a year ago. Book value per common share was $250.48 as of March 31, 2026, up 27.7% year over year. Annualized operating return on average common equity improved to 22.3% year over year from nega...

MarketAxess Holdings Inc. MKTX reported first-quarter 2026 adjusted earnings per share of $2.25, which beat the Zacks Consensus Estimate by 4.7%. The bottom line increased 20.3% year over year. Total revenues were $233 million, which grew 12% year over year. The top line beat the consensus mark by 0.9% The quarterly results benefited from solid growth in total revenues, driven by higher high-grade, high-yield, emerging markets and Eurobonds trading volumes. Increased commission revenues, along with growth in information services, technology services and post-trade services revenues, also contributed to the upside. The gains were partly offset by higher expenses stemming from increased employee compensation and benefits, technology and communication, and marketing and advertising costs. MarketAxess Holdings Inc. price-consensus-eps-surprise-chart | MarketAxess Holdings Inc. Quote Commission revenues improved 12.2% year over year to $203.5 million. The metric beat the Zacks Consensus Estimate of $202.1 million and our estimate of $198.7 million. Information services revenues of $14.4 million grew 11.9% year over year. The metric beat the consensus mark of $13.9 million and our estimate of $13.6 million. Post-trade services revenues increased 4.7% year over year to $11.6 million, while technology services revenues rose 19% to $3.9 million. Total expenses were $132.5 million, which escalated 10.2% year over year in the quarter due to higher employee compensation and benefits, technology and communication, and marketing and advertising. The metric was lower than our estimate of $135.9 million. MarketAxess’ net income skyrocketed 418.5% year over year to $78.1 million, higher than our estimate of $72.5 million. The net income margin of 33.5% improved 2,630 basis points year over year. The high-grade trading volume of MarketAxess was $511.5 billion in the first quarter, which advanced 10.9% year over year and beat the Zacks Consensus Estimate of $505.1 billion. The ADV of the same product category totaled $8.39 million, which rose 10% year over year and beat the Zacks Consensus Estimate of $8.31 million. High-yield trading volume of $100.4 billion climbed 11.6% year over year, while ADV rose 12% year over year to $1.6 billion. Other credit trading volume rose 16% year over year to $49.8 billion, whereas ADV for the same product category increased 10% year over year...

Lincoln National Corporation LNC reported first-quarter 2026 adjusted earnings per share of $1.66, which surpassed the Zacks Consensus Estimate by 1.8%. The bottom line rose 3.7% year over year. Adjusted operating revenues grew 3.9% year over year to $4.9 billion. However, the top line missed the consensus mark by 0.2%. The quarterly earnings were supported by strong annuity deposits and solid Life Insurance performance. Higher net investment income, favorable equity markets and reduced expenses also contributed to the upside. Nevertheless, the positives were partly offset by a decline in the sales of Group Protection and lower insurance premiums. Lincoln National Corporation price-consensus-eps-surprise-chart | Lincoln National Corporation Quote LNC’s estimated RBC ratio rose to more than 420% at the first-quarter end. Insurance premiums inched down 0.1% year over year to $1.7 billion, missing the Zacks Consensus Estimate by 2.4%. Fee income was $1.4 billion, which improved 0.3% year over year but missed the consensus mark by 1.7%. Net investment income advanced 9.8% year over year to $1.6 billion and beat the consensus mark by 7.5%. Meanwhile, other revenues of $184 million rose 8.9% year over year in the quarter under review. Total expenses declined 1.6% year over year to $5.6 billion. Interest credited rose 12.2% year over year to $999 million. Lincoln National reported a net loss of $172 million compared to the prior-year quarter’s loss of $722 million. The Annuities and Life Insurance segments form part of LNC’s Retail Solutions business, while Group Protection and Retirement Plan Services units make up the Workplace Solutions business. The Annuities segment’s operating income totaled $275 million in the first quarter, which fell 5.2% year over year and missed the Zacks Consensus Estimate of $295.6 million due to the impact of a previously disclosed net investment income allocation refinement and unfavorable tax-related items. The unit's operating revenues rose 7.1% year over year to $1.3 billion, driven by 12.7% growth in net investment income, partly offset by a 14.3% decline in insurance premiums. Total annuity deposits were $3.9 billion, which climbed 3.7% year over year. The Life Insurance unit recorded an operating income of $41 million, improved from the prior-year quarter’s loss of $16 million and beat the consensus mark of $7.2 million. The me...

Skyward Specialty Insurance Group, Inc. SKWD delivered a solid first quarter of 2026, with operating earnings per share of $1.25, increased 38.9% from a year ago and beat the Zacks Consensus Estimate of $1.05. Total revenues were $475.87 million, up 44.8% year over year, and came in 19.4% above the consensus mark. First quarter performance reflected stronger premiums, underlying underwriting results alongside the accretive impact of Apollo, while profitability held firm with a lower combined ratio. Skyward Specialty Insurance Group, Inc. price-consensus-eps-surprise-chart | Skyward Specialty Insurance Group, Inc. Quote Gross written premiums totaled $667.7 million, up 9.9% versus the prior-year period. Growth was broad-based, led by an 8.7% increase in the Skyward Specialty segment and an 18.7% rise in the Apollo segment, supported by higher volume in syndicate 1969. Net earned premiums climbed to $434 million from $300.4 million a year ago, reflecting higher business volumes and the expanded footprint following the Apollo consolidation. Underwriting fee income of $10.1 million also contributed to the quarter’s top-line mix, tied to Apollo’s managing agency activities. Net investment income increased to $27.1 million from $19.4 million a year ago, driven by the addition of the Apollo portfolio, a higher yield environment, and a larger invested asset base. Within Skyward Group’s U.S. specialty operations, several underwriting divisions posted notable momentum. Accident & Health gross written premiums increased 45.7% year over year, Credit & Surety rose 42.5%, Global Agriculture advanced 27.0%, and Specialty Programs jumped 51.2%, helping offset declines in Energy Solutions and Global Property. The portfolio’s evolving composition also reflected a sharper emphasis on businesses positioned for steadier growth. Management highlighted continued diversification, including expansion in areas with lower exposure to property-and-casualty underwriting cycles, as it aims to sustain disciplined top-line and bottom-line progress. Losses and loss adjustment expenses were $265.22 million, up from $187.31 million in the prior-year quarter, in line with the larger premium base. Still, the total loss ratio improved to 61.1% from 62.4% a year ago, supporting underwriting profitability despite business-mix shifts within the Skyward Specialty segment. Total Cat loss and LAE of 1...

Blue Owl Capital Corporation OBDC reported first-quarter 2026 adjusted earnings per share (EPS) of 31 cents, which missed the Zacks Consensus Estimate by 11.4%. The bottom line decreased 20.5% year over year. Total investment income declined 14.6% year over year to $396.8 million. The top line missed the consensus mark by 6.2%. The weaker-than-expected quarterly results were affected by lower net investment income. However, the downside was partly offset by lower expenses. Blue Owl Capital Corporation price-consensus-eps-surprise-chart | Blue Owl Capital Corporation Quote Adjusted net investment income of $153 million fell 3% year over year. New investment commitments were $676 million across seven new portfolio companies and 16 existing ones. Blue Owl Capital ended the first quarter with investments in 230 portfolio companies, backed with an aggregate fair value of $15.3 billion. Based on the fair value, the average investment size in each portfolio company was $66.7 million as of March 31, 2026. Total expenses decreased 9.4% year over year to $235.2 million in the first quarter due to lower interest expenses and management fees. OBDC recorded an adjusted net decrease in net assets resulting from operations of $24.4 million, which decreased from the net increase of $159.7 million a year ago. Blue Owl Capital exited the first quarter with a cash balance of $416.1 million, which declined from the 2025-end level of $558.7 million. Total assets of $16 billion decreased from the $17.2 billion figure at 2025-end. Debt was $8.5 billion, down from the $9.3 billion figure as of Dec. 31, 2025. OBDC had $3.6 billion of undrawn capacity under its credit facilities. At the first-quarter end, net debt to equity was 1.13X. Net operating cash flow in the first quarter of 2026 was $967.4 million, up from the prior-year figure of $38.9 million. The board of directors at Blue Owl Capital declared a second-quarter 2026 regular dividend of 31 cents per share, to be paid on or before July 15, 2026, to its shareholders of record as of June 30. Blue Owl Capital announced a new repurchase program (expiring in 18 months from the approval date of Feb. 18, 2025), under which it may purchase shares up to $300 million. The company repurchased shares worth $35 million in the first quarter of 2026. OBDC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zac...

PEMBROKE, Bermuda, May 06, 2026--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) ("RenaissanceRe" or the "Company") today announced the following: Existing director, Henry Klehm III has been appointed Non-Executive Chair of the Board of Directors, succeeding James L. Gibbons in the role. Mr. Gibbons will continue to serve as an independent director of the Company and member of the Audit Committee. Stephen C. Hooley has been elected to serve as an independent director of the Company, succeeding David C. Bushnell who is retiring from the Board after 18 years of distinguished service. The Board of Directors has declared a quarterly dividend of $0.41 per common share on its common shares, payable on June 30, 2026, to shareholders of record on June 15, 2026. The Board of Directors has approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the total current authorization up to $750.0 million, which includes the remaining amounts under prior authorizations. The program will expire when the Company has repurchased the full value of the shares authorized, unless terminated earlier by the Board of Directors. Pursuant to the program, RenaissanceRe may repurchase shares through open market purchases and privately negotiated transactions, and the decision to repurchase common shares will depend on, among other things, the market price of the common shares and the Company’s capital requirements. Kevin J. O’Donnell, Chief Executive Officer, said, "I want to thank James for his exceptional leadership as Non-Executive Chair over the past decade. His guidance has been invaluable as we navigated a period of significant strategic growth and transformation. I look forward to the leadership that Henry will bring as Chair given his deep expertise in risk, compliance and corporate governance." Mr. O’Donnell continued, "I also want to thank David for his 18 years of distinguished service across all three Board committees. His insight and judgment in finance, capital markets, risk management, operations, and investments have made a lasting impact on RenaissanceRe. At the same time, we are pleased to welcome Stephen to the Board and look forward to the perspective that he will bring from his leadership experience in technology and financial services." About RenaissanceRe RenaissanceRe is a global provider of reinsurance and insurance that speciali...

Skyward Specialty Insurance Group, Inc. SKWD is set to report its first-quarter 2026 results on May 6, 2026, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $1.05 per shareon revenues of $398.43 million. The first-quarter earnings estimate witnessed one downward revision and one upward revision over the past 60 days. The bottom-line projection indicates a year-over-year increase of 16.7%. Also, the Zacks Consensus Estimate for quarterly revenues implies a year-over-year growth of 21.3%. Image Source: Zacks Investment Research For 2026, the Zacks Consensus Estimate for Skyward Specialty’s revenues is pegged at $1.77 billion, implying a jump of 25% year over year. The consensus mark for 2026 EPS is pegged at $4.69, indicating 17.3% year-over-year growth. Skyward Specialty’searnings beat the consensus estimate in each of the trailing four quarters, with the average surprise being 16.1%. This is depicted in the figure below. Skyward Specialty Insurance Group, Inc. price-eps-surprise | Skyward Specialty Insurance Group, Inc. Quote Our proven model does not conclusively predict an earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here. SKWD currently has an Earnings ESP of +0.48%, but a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for net earned premiums indicates 18.2% growth from the year-ago period’s $300.4 million. Growth in accident & health and specialty programs is expected to have benefited the metric in the to-be-reported quarter. The consensus estimate for commission and fee income indicates a 5.1% increase from the year-ago period. Moreover, the Zacks Consensus Estimate for net investment income indicates 24.6% growth from the year-ago period’s $19.3 million. These are likely to have positioned the company for a year-over-year growth in the first quarter. However, the consensus estimate for the combined ratio is pegged at 90.8, higher than the year-ago level of 90.5. The same for loss ratio currently stands at 62.3, lower than the year-ago level of 62.4. But t...

Virtu Financial, Inc. VIRT reported first-quarter adjusted earnings per share (EPS) of $2.24, which beat the Zacks Consensus Estimate by 34.9%. The bottom line increased 72.3% year over year. Adjusted Net Trading Income rose 58.2% year over year to $786.5 million, surpassing the consensus estimate by 37.5%. The strong quarterly results can be attributed to the improved commissions and technology services revenues. Strong performance in both the Market Making and Execution Services segments, driven by increased trading activity, also contributed to the upside. However, an increased expense level partially offset the positives. Virtu Financial, Inc. price-consensus-eps-surprise-chart | Virtu Financial, Inc. Quote Revenues from commissions, net and technology services rose 23.3% year over year to $186.6 million. The metric beat the Zacks Consensus Estimate and our model estimate of $163.2 million. Interest and dividend income of $127.5 million increased 16.9% year over year but missed both the Zacks Consensus Estimate and our estimate of $128.6 million. Adjusted EBITDA increased 62.7% year over year to $520.6 million. Adjusted EBITDA margin improved year over year to 66.2% from 64.4% a year ago. Total operating expenses rose 11.7% year over year to $685.8 million, but were lower than our estimate of $771.7 million. The increase was due to higher costs related to communication and data processing, as well as employee compensation and payroll taxes. Market Making: Adjusted net trading income totaled $637.1 million in the first quarter, climbing 66.8% year over year. The metric surpassed the Zacks Consensus Estimate of $446 million. The unit’s revenues increased 32.5% year over year to $915.7 million, beating both the Zacks Consensus Estimate and our estimate of $815.6 million. Execution Services: The unit recorded adjusted net trading income of $149.5 million in the quarter under review, representing an increase of 29.8% year over year. The metric surpassed the Zacks Consensus Estimate of $126 million and our estimate of $125.1 million. The unit’s total revenues rose 32.7% year over year to $187.1 million, beating both the consensus estimate and our estimate of $156.6 million. Virtu Financial ended the first quarter with cash and cash equivalents of $973.2 million, down 8.3% from the 2025 year-end level. Total assets increased to $25.1 billion from $20.2 billion...