RenaissanceRe Holdings Ltd. (RNR) Income Statement
RNR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRNR revenue and net income
Where RNR's revenue goes
2025Each bar shows an amount and its share of revenue. RNR kept 21.0% of revenue as net income.
RNR profit margins
RNR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.4% | +36.2% | +19.9% | +23.9% |
| Gross profit | +41.2% | — | +31.2% | +20.4% |
| Operating income | +34.1% | — | +32.2% | +23.2% |
| Net income | +43.4% | — | +28.6% | +20.1% |
| EPS (diluted) | −28.1% | +77.8% | +132.1% | +13.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RNR quarterly EPS vs estimates
RenaissanceRe beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $9.28).
RNR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.75B | $11.65B | $9.09B | $5.05B | $5.27B | $5.16B | $4.18B | $2.06B | $2.10B | $1.73B |
| Cost of revenue | $7.57B | $7.98B | $5.45B | $5.91B | $5.09B | $3.82B | $2.86B | $1.55B | $2.21B | $820.2M |
| Gross profit | $5.18B | $3.67B | $3.64B | −$858.3M | $174.5M | $1.33B | $1.32B | $503.5M | −$112.7M | $906.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $1.12B | $631.4M | $426.4M | $323.5M | $253.3M | $303.7M | $316.9M | $212.2M | $179.3M | $235.2M |
| Total operating expenses | $1.17B | $678.1M | $532.5M | $360.6M | $288.6M | $336.9M | $352.0M | $240.8M | $215.5M | $276.3M |
| Operating income | $4.01B | $2.99B | $3.11B | −$1.22B | −$114.1M | $995.9M | $967.5M | $262.6M | −$328.2M | $630.4M |
| Interest income | $384.8M | $294.6M | $687.2M | $96.2M | $78.5M | $5.5M | $40.7M | $41.0M | $25.5M | $55.0M |
| Interest expense | $120.9M | $93.8M | $73.2M | $48.3M | $47.5M | $50.5M | $58.4M | $47.1M | $44.2M | $42.1M |
| Income before taxes | $4.01B | $2.99B | $3.11B | −$1.22B | −$114.1M | $995.9M | $967.5M | $262.6M | −$328.2M | $630.4M |
| Income taxes | $396.3M | $32.6M | −$510.1M | −$59.0M | −$10.7M | $2.9M | $17.2M | −$6.3M | $26.5M | $340,000 |
| Net income | $2.68B | $1.87B | $2.56B | −$1.06B | −$40.2M | $762.4M | $748.8M | $227.4M | −$222.4M | $503.0M |
| EBITDA | $4.14B | $3.35B | $3.05B | −$1.20B | −$87.6M | $1.06B | $966.9M | $309.8M | −$252.7M | $701.8M |
| EPS (diluted) | $39.76 | $55.27 | $37.05 | $7.07 | $1.46 | $0.59 | $9.19 | $9.17 | −$8.79 | $8.07 |
| Gross margin | 40.7% | 31.5% | 40.1% | −17.0% | 3.3% | 25.9% | 31.6% | 24.5% | −5.4% | 52.5% |
| Operating margin | 31.5% | 25.7% | 34.2% | −24.1% | −2.2% | 19.3% | 23.2% | 12.8% | −15.7% | 36.5% |
| Net margin | 21.0% | 16.1% | 28.2% | −21.0% | −0.8% | 14.8% | 17.9% | 11.1% | −10.6% | 29.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.37B | $2.17B | $2.92B | $3.19B | $3.19B | $3.45B | $2.28B | $3.97B | $2.82B | $2.59B | $3.22B | $1.83B |
| Cost of revenue | $942.4M | $984.0M | $951.1M | $1.54B | $1.68B | $3.39B | $2.16B | $2.06B | $1.95B | $1.80B | $1.57B | $1.29B |
| Gross profit | $1.43B | $1.19B | $1.97B | $1.65B | $1.50B | $61.5M | $116.9M | $1.90B | $862.0M | $788.3M | $1.65B | $537.8M |
| Sales, general & admin | — | — | $703.2M | $148.5M | $147.5M | $121.6M | $80.2M | $151.3M | $125.9M | $125.1M | $147.1M | $99.9M |
| Total operating expenses | $591.8M | $641.6M | $709.4M | $166.5M | $161.0M | $132.3M | $200.0M | $169.4M | $154.2M | $154.4M | $216.6M | $112.0M |
| Operating income | $838.9M | $548.8M | $1.26B | $1.48B | $1.34B | −$70.8M | −$83.1M | $1.73B | $707.8M | $633.8M | $1.43B | $425.8M |
| Interest income | — | — | $1.4M | $56.3M | $117.4M | $212.6M | $608.7M | $607.8M | — | — | — | $194.0M |
| Interest expense | $31.8M | $31.8M | $31.4M | $30.6M | $31.8M | $27.1M | $23.2M | $23.8M | $23.6M | $23.1M | $23.2M | $23.0M |
| Income before taxes | $1.12B | $548.8M | $1.26B | $1.48B | $1.34B | −$70.8M | −$83.1M | $1.73B | $707.8M | $633.8M | $1.43B | $425.8M |
| Income taxes | $139.4M | $33.0M | $116.1M | $148.9M | $176.9M | −$45.5M | −$63.9M | $102.0M | −$20.8M | $15.4M | −$554.2M | $9.3M |
| Net income | $663.1M | $293.4M | $760.5M | $916.5M | $835.4M | $170.0M | −$189.7M | $1.18B | $503.9M | $373.6M | $1.59B | $202.8M |
| EBITDA | $870.7M | $556.2M | $1.28B | $1.50B | $1.38B | −$40.0M | −$53.0M | $1.98B | $741.3M | $673.0M | $1.44B | $400.9M |
| EPS (diluted) | $12.92 | $13.75 | $13.34 | $15.62 | $12.29 | −$1.49 | $8.06 | $22.62 | $12.41 | $12.18 | $11.77 | $8.33 |
| Gross margin | 60.3% | 54.7% | 67.5% | 51.7% | 47.1% | 1.8% | 5.1% | 48.0% | 30.6% | 30.5% | 51.2% | 29.5% |
| Operating margin | 35.4% | 25.2% | 43.2% | 46.5% | 42.1% | −2.1% | −3.6% | 43.7% | 25.1% | 24.5% | 44.5% | 23.3% |
| Net margin | 27.9% | 13.5% | 26.0% | 28.8% | 26.2% | 4.9% | −8.3% | 29.8% | 17.9% | 14.5% | 49.2% | 11.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RNR's financial statements (latest annual report filed February 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RNR financial results
In fiscal year 2025 (ended December 31, 2025), RenaissanceRe reported revenue of $12.7 billion, up 9.4% from the year before. It had net income of $2.7 billion (up 43.4%), a net profit margin of 21.0%. Diluted earnings per share came to $39.76. Over five years revenue grew at an average rate of 19.9% a year.
See the RNR stock overview for the latest quote and news, or the RNR chart for price history and technical indicators.
RNR income statement FAQ
What is RenaissanceRe's annual revenue?
RenaissanceRe reported total revenue of $12.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.4% from $11.6 billion the previous year.
Is RenaissanceRe profitable?
Yes. RenaissanceRe reported net income of $2.7 billion in fiscal 2025, a net profit margin of 21.0%; its operating margin was 31.5%.
What is RenaissanceRe's gross margin?
RenaissanceRe's gross margin was 40.7% in fiscal 2025: for every $100 of revenue, RenaissanceRe kept $41 after the direct cost of its products and services.
How fast is RenaissanceRe growing?
Revenue grew 19.9% a year on average over the last five fiscal years, from $5.2 billion to $12.7 billion.
What are RenaissanceRe's earnings per share?
RenaissanceRe earned $39.76 per diluted share in fiscal 2025, compared with $55.27 a year earlier.
When will RenaissanceRe report its next earnings?
RenaissanceRe is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does RenaissanceRe's fiscal year end?
RenaissanceRe's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 11, 2026.