RenaissanceRe is a best-in-class reinsurer with a PEG ratio of 0.07, 24% net margins, and a strong 3-of-4 earnings beat history, but the stock has already reached analyst price targets and a significant broker concentration in Aon, Marsh, and Gallagher representing 81% of business introduces meaningful counterparty dependency.
Thesis pillars
- Deep Value Low Peg Ratio↑Improving
- Broker Concentration Counterparty Risk↓Deteriorating
- Strong Earnings Beat Streak Underwriting↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 11, 2026
RenaissanceRe Holdings Ltd. (RNR) Stock Analysis
Range Bound setup
Financial Services · Insurance - Reinsurance
Hold if already holding. Not a fresh buy at $332.19, but acceptable to hold if already in. Reasons: Concentration risk — Counterparty: Aon plc, Marsh & McLennan, Arthur J. Gallagher (81.3%); Analyst target reached - limited upside remaining.
RenaissanceRe provides property, casualty, and specialty reinsurance and insurance globally through two segments — Property at 42.1% and Casualty and Specialty at 57.9% of $11.7 billion in gross premiums written in 2025. The company earns revenue through underwriting income,... Read more
Hold if already holding. Not a fresh buy at $332.19, but acceptable to hold if already in. Reasons: Concentration risk — Counterparty: Aon plc, Marsh & McLennan, Arthur J. Gallagher (81.3%); Analyst target reached - limited upside remaining. Chart setup: RSI 51 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 5.4/10, moderate confidence.
Passes 4/7 gates (clean insider activity, earnings proximity 96d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About RenaissanceRe Holdings Ltd.
About RenaissanceRe Holdings Ltd.
RenaissanceRe wrote $11.7 billion in gross premiums during 2025, with the Casualty and Specialty segment contributing 57.9% and the Property segment contributing 42.1%. Founded in 1993 and headquartered in Bermuda, the company operates offices in Australia, Canada, Ireland, Singapore, Switzerland, the United Kingdom, and the United States, serving ceding companies principally through intermediaries. Underwriting income, fee income from managing third-party capital in joint ventures and managed funds, and investment income comprise three distinct profit streams.
RenaissanceRe earns underwriting income by writing property catastrophe reinsurance on an excess-of-loss basis as well as proportional and delegated-authority casualty and specialty lines. Within the Property segment, catastrophe business represented 67.1% of Property gross premiums written in 2025, covering earthquakes, hurricanes, and other natural perils on a worldwide basis. Within the Casualty and Specialty segment, other specialty lines at 34.6% and general casualty at 31.6% are the largest sub-categories by premium, followed by credit at 18.0% and professional liability at 15.8%. Fee income flows from the Capital Partners unit, which manages joint ventures including DaVinci, Fontana, Medici, and Upsilon; RenaissanceRe holds minority economic stakes while acting as exclusive underwriting manager and collecting management and performance fees from third-party investors. The investment portfolio is concentrated in fixed maturity securities, subject to rising interest rates that could reduce portfolio market value in the near- to medium-term, while declining rates may impact investment yield over the medium- to long-term.
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RenaissanceRe's distribution is highly concentrated: three brokerage firms — Aon plc, Marsh & McLennan Companies, and Arthur J. Gallagher — accounted for 81.3% of gross premiums written, a level the 10-K flags as creating risk if any broker is lost through merger or acquisition. Retrocessional coverage, purchased annually to limit net retained losses from large catastrophes, is itself concentrated among a relatively small number of reinsurers, meaning a capacity withdrawal could simultaneously reduce protection and force premium reductions. In May 2026, RenaissanceRe disclosed via Form 8-K that CFO Robert Qutub plans to retire effective December 31, 2026, with named successor Matthew Neuber, the current Corporate Treasurer, assuming the EVP and CFO role on January 1, 2027.
See also: Financial Services · Insurance - Reinsurance
From RenaissanceRe Holdings Ltd.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-29Recent Developments — RenaissanceRe Holdings Ltd.
Latest news
- NEWS RenaissanceRe Holdings Ltd. Announces Quarterly Dividend and Renewal of Share Repurchase Program - Business Wire — Business Wire positive
- NEWS RNR Q1 Deep Dive: Profits Rise Despite Revenue Decline Amid Shifting Reinsurance Markets - StockStory — StockStory positive
- NEWS RenaissanceRe (NYSE:RNR) Shares Gap Down - Here's What Happened - MarketBeat — MarketBeat negative
- NEWS RNR Q1 Earnings Beat on Lower Expenses & Strong Investment Results - TradingView — TradingView positive
- NEWS RNR Q1 Earnings Beat on Lower Expenses & Strong Investment Results - Yahoo Finance — Yahoo Finance positive
Generated 2026-10-29T11:20:25Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHcounterpartyAon plc, Marsh & McLennan, Arthur J. Gallagher81%10-K Item 1A: 'three brokerage firms (Aon plc, Marsh & McLennan Companies, Inc. and Arthur J. Gallagher) accounting for 81.3% of our gross premiums written'
- MEDIUMGeographicU.S. Southeast or West Coast10-K Item 1A: 'a relatively large percentage of our coverage exposures has been concentrated in natural disasters in the U.S. Southeast or West Coast'
- MEDIUMcounterpartyretrocessional reinsurance concentration10-K Item 1A: 'a large portion of our reinsurance protection is concentrated with a relatively small number of reinsurers'
Material Events(8-K, last 90d)
- 2026-05-14Item 5.02MEDIUMCFO Robert Qutub notified the Board on May 11, 2026 of his intention to retire effective December 31, 2026. Named successor: Matthew Neuber, current SVP and Corporate Treasurer, will become EVP, CFO and Corporate Treasurer effective January 1, 2027.SEC filing →
- 2026-05-06Item 5.02LOWAt the May 5, 2026 Annual Meeting, shareholders approved the 2026 Long-Term Incentive Plan replacing the prior 2016 First Amended and Restated plan. Routine compensatory arrangement; no officer departure cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Revenue shrinking — -13.2% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $332.19, but acceptable to hold if already in. Reasons: Concentration risk — Counterparty: Aon plc, Marsh & McLennan, Arthur J. Gallagher (81.3%); Analyst target reached - limited upside remaining. Chart setup: RSI 51 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Analyst target $314.32 reached (−5.4%), stop $314.65 (−5.6%), A.R:R -1.0:1. Score 5.4/10, moderate confidence.
Analyst target $314.32 reached (−5.4% from $332.19); no take-profit level is published. Analyst target $314.32 reached (−5.4%), stop $314.65 (−5.6%), A.R:R -1.0:1. Stop-loss: $314.65.
Concentration risk — Counterparty: Aon plc, Marsh & McLennan, Arthur J. Gallagher (81.3%); Analyst target reached - limited upside remaining; Weak growth.
RenaissanceRe Holdings Ltd. trades at a P/E of 9.5 (forward 7.9). TrendMatrix value score: 8.4/10. Verdict: Hold.
24 analysts cover RNR with a consensus score of 3.4/5. Average price target: $349.
What does RenaissanceRe Holdings Ltd. do?RenaissanceRe provides property, casualty, and specialty reinsurance and insurance globally through two segments —...
RenaissanceRe provides property, casualty, and specialty reinsurance and insurance globally through two segments — Property at 42.1% and Casualty and Specialty at 57.9% of $11.7 billion in gross premiums written in 2025. The company earns revenue through underwriting income, management and performance fees from third-party capital joint ventures, and fixed income investment returns.