Earnings Call Summary | RenaissanceRe Holdings(RNR.US) Q1 2024 Earnings Conference
Earnings Call Summary | RenaissanceRe Holdings(RNR.US) Q1 2024 Earnings Conference
The following is a summary of the RenaissanceRe Holdings Ltd. (RNR) Q1 2024 Earnings Call Transcript:
以下是文藝復興控股有限公司(RNR)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
RenaissanceRe reported an annualized operating return on average common equity of 29% for Q1 2024.
The underwriting income increased by 46% to $541 million, and fee income had a significant growth of 87% to $84 million in Q1.
Retained net investment income rose by 59% to $267 million.
Tangible book value per share plus change in accumulated dividends grew by 5%, even with $194 million in retained mark-to-market losses.
Net premiums written saw a rise of 41% to $3.2 billion.
Underwriting results were strong with a combined ratio of 78%, or 75% after adjusting for purchase accounting.
Renaissancere報告稱,2024年第一季度普通股的平均年化營業回報率爲29%。
承保收入增長了46%,達到5.41億美元,費用收入在第一季度大幅增長了87%,達到8400萬美元。
留存的淨投資收入增長了59%,達到2.67億美元。
儘管有1.94億美元的按市值計價的留存虧損,但每股有形賬面價值加上累計股息的變化仍增長了5%。
淨保費增長了41%,達到32億美元。
承保業績強勁,合併比率爲78%,調整購買會計後爲75%。
Business Progress:
業務進展:
Significant progress in strategic milestones including the Validus Re acquisition, expanding the Capital Partners business and growing the joint ventures.
Expectation to retain $3 billion of the Validus premium, leading to a combined portfolio exceeding $12 billion in gross written premiums.
Focusing on integrating employees and systems from Validus for customer satisfaction.
Preparation for elevated hurricane season with a diverse portfolio approach.
Successful integration of the balance sheets after Validus acquisition, deploying capital organically.
Cost savings identified, transition costs of $20 million expected to taper off by 2025.
Favorable development in the casualty and specialty segment, aided by acquisitions such as Tokyo and Validus.
在戰略里程碑方面取得了重大進展,包括收購Validus Re、擴大Capital Partners業務以及發展合資企業。
預計將保留30億美元的Validus保費,從而使投資組合的總書面保費超過120億美元。
專注於整合 Validus 的員工和系統,以提高客戶滿意度。
採用多元化的投資組合方法,爲颶風季節來臨做好準備。
收購Validus後成功整合資產負債表,有機部署資本。
確定了成本節約,到2025年,2000萬美元的過渡成本預計將逐漸減少。
在東京和Validus等收購的推動下,意外險和專業領域的良好發展。
More details: RenaissanceRe Holdings IR
更多詳情: Renaissancere控股
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。