RenaissanceRe Holdings Ltd. Financial Ratios — RNR-PF Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	-2.88	18.46	20.2	14.66	11.22	11.91	-5.97	4.9	16.08	14.37	-1.37	-23.35	47.26	24.63	27.58
Return on Assets (%)	-0.72	7.67	8.58	6.5	4.36	4.21	-1.61	1.34	3.33	2.67	-0.12	-3.01	5.99	3.75	5.13
Return on Capital (%)	- -	10.11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-2.42	54.73	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	-4.86	42.89	50.88	43.17	28.85	29.13	-10.61	11.06	17.92	14.79	-0.76	-21.02	28.17	16.06	20.99
Net Income to Common Margin (%)	-7.83	40.4	49.04	41.36	27.35	27.83	-11.68	9.59	17.04	14.19	-1.39	-21.72	27.78	15.75	20.72
Effective Tax Rate (%)	- -	0.18	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	-49.97	6.07	5.1	5.62	8.55	7.02	-10.09	18.85	5.32	5.74	-33.73	-5	1.62	2.01	1.66
Sustainable Growth Rate (%)	-4.32	17.34	19.17	13.84	10.26	11.07	-6.57	3.98	15.23	13.55	-1.83	-24.52	46.49	24.13	27.12

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	354	349	249	250	960	949	990	991	1,384	1,136	1,168	1,170	1,959	1,887	2,329
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	30	30	75	- -	- -
LT Debt	354	349	249	250	960	949	990	991	1,384	1,136	1,138	1,140	1,884	1,887	2,329
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	23	23	18	17	36	42	44	47	58	50	48	48	73	94	121
Common Equity/Total Assets	39.3	38.97	42.79	42.2	33.08	34.4	25.97	21.96	18.06	17.6	15.54	11.26	13.42	16.42	20.21
Long-Term Debt/Equity (%)	8.29	7.81	4.98	4.99	16.62	15.7	17.4	13.97	15.31	10.38	11.18	11.57	12.11	10.75	12.12
Long-Term Debt/Capital (%)	7.67	7.26	4.75	4.76	15.42	14.01	14.9	12.72	14.04	10.85	10.59	10.79	12.24	10.52	10.81
Long-Term Debt/Total Assets (%)	4.57	4.41	3.05	3.04	8.31	7.68	6.5	5.31	5.26	3.69	3.35	3.12	3.84	3.72	4.33
Total Debt/Equity (%)	8.29	7.81	4.98	4.99	16.62	15.7	17.4	13.97	15.31	10.38	11.48	11.87	12.59	10.75	12.12
Total Debt/Capital (%)	7.67	7.26	4.75	4.76	15.42	14.01	14.9	12.72	14.04	10.85	10.87	11.07	12.73	10.52	10.81
Total Debt/Total Assets (%)	4.57	4.41	3.05	3.04	8.31	7.68	6.5	5.31	5.26	3.69	3.44	3.2	4	3.72	4.33
Net Debt to Equity	3.2	1.01	-3.17	-5.52	7.85	8.73	-6.54	-1.65	0.06	-5.49	-6.79	-0.24	0.52	1.2	3.11
Net Debt/Capital (%)	3.11	1	-3.28	-5.85	7.93	8.3	-7.05	-1.75	0.06	-6.87	-7.77	-0.25	0.6	1.29	3.02
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	39.3	38.97	42.79	42.2	33.08	34.4	25.97	21.96	18.06	17.6	15.54	11.26	13.42	16.42	20.21
Long-Term Debt/Equity (%)	8.29	7.81	4.98	4.99	16.62	15.7	17.4	13.97	15.31	10.38	11.18	11.57	12.11	10.75	12.12
Long-Term Debt/Capital (%)	7.67	7.26	4.75	4.76	15.42	14.01	14.9	12.72	14.04	10.85	10.59	10.79	12.24	10.52	10.81
Long-Term Debt/Total Assets (%)	4.57	4.41	3.05	3.04	8.31	7.68	6.5	5.31	5.26	3.69	3.35	3.12	3.84	3.72	4.33
Total Debt/Equity (%)	8.29	7.81	4.98	4.99	16.62	15.7	17.4	13.97	15.31	10.38	11.48	11.87	12.59	10.75	12.12
Total Debt/Capital (%)	7.67	7.26	4.75	4.76	15.42	14.01	14.9	12.72	14.04	10.85	10.87	11.07	12.73	10.52	10.81
Total Debt/Total Assets (%)	4.57	4.41	3.05	3.04	8.31	7.68	6.5	5.31	5.26	3.69	3.44	3.2	4	3.72	4.33
CFO/Total Liabilities	4.77	20.76	25.06	20.61	7.36	7.68	10.75	10.55	12.36	10.03	5.19	6.01	5.71	12.56	10.68
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.69	0.71	0.76	0.74	0.6	0.63	0.51	0.42	0.41	0.41	0.37	0.3	0.38	0.46	0.53

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	1.97	1.8	2.16	2.28	2.11	1.58	1.01	0.6	0.9	0.92	0.76	0.56	0.81	0.95	1.11
Days Sales Outstanding	185.62	203.18	169.28	159.99	173.3	230.33	362.11	603.52	406.19	396.92	480.77	647.01	451.18	382.24	327.44
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	217	304	408	526	507	421	1,362	1,108	1,379	1,737	1,859	1,194	1,878	1,677	1,731
+ Preferred Equity and Hybrid Capital	550	400	400	400	400	400	400	650	650	525	750	750	750	750	750
+ Minority/Non Controlling Interest	661	972	1,100	1,132	1,046	1,176	1,297	2,052	3,071	3,388	3,554	4,535	6,101	6,978	7,602
+ Total Debt	354	349	249	250	960	949	990	991	1,384	1,136	1,168	1,170	1,959	1,887	2,329
Enterprise Value	300	513	262	216	673	735	333	-2	-840	-1,681	-1,685	592	2,328	-1,424	-4,009
Total Capital	4,608	4,811	5,250	5,244	6,229	6,773	6,640	7,793	9,860	10,474	10,749	10,571	15,384	17,941	21,553
Total Debt/Capital (%)	7.67	7.26	4.75	4.76	15.42	14.01	14.9	12.72	14.04	10.85	10.87	11.07	12.73	10.52	10.81
Total Debt / EV	1.18	0.68	0.95	1.16	1.43	1.29	2.97	-613.7	-1.65	-0.68	-0.69	1.98	0.84	-1.33	-0.58
EV/Sales	0.25	0.37	0.19	0.17	0.45	0.43	0.16	- -	- -	- -	- -	0.12	0.26	0.29	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	1.52	0.69	0.32	0.32	- -	1.39	0.31	- -	- -	- -	- -	- -	- -	0.8	- -
EV/Free Cash Flow to Firm	1.52	0.69	0.32	0.32	- -	1.39	0.31	- -	- -	- -	- -	- -	- -	0.8	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	1,348	1,417	1,341	1,256	1,900	2,103	1,325	2,585	3,726	3,313	3,613	5,261	6,932	7,938	8,950
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	1,178	1,401	1,357	1,234	1,495	1,727	2,096	2,056	4,179	5,155	5,265	5,049	9,091	11,648	12,777
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	198	740	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	198	740	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	300	513	262	216	673	735	333	-2	-840	-1,681	-1,685	592	2,328	-1,424	-4,009
Low Price	- -	- -	- -	- -	- -	- -	- -	21.22	21.78	13.9	25.81	20.52	20.43	22.34	20.81
EV/Sales	0.25	0.37	0.19	0.17	0.45	0.43	0.16	- -	- -	- -	- -	0.12	0.26	0.29	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	1.14	1.01	0.99	1.02	1.27	1.22	0.63	1.26	0.89	0.64	0.69	1.04	0.76	0.68	0.7
EV/Sales High	1.14	1.01	0.99	1.02	1.27	1.22	0.63	1.26	0.89	0.64	0.69	1.04	0.76	0.68	0.7
EV/Sales Low	1.14	1.01	0.99	1.02	1.27	1.22	0.63	1.26	0.89	0.64	0.69	1.04	0.76	0.68	0.7
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	21.83	27.03	28.42	26.39	21.66	23.89	22.41	22.06
High Price	- -	- -	- -	- -	- -	- -	- -	25.74	27.46	28.45	28.47	26.76	24.47	25.1	23.9
Enterprise Value Average	1,348	1,417	1,341	1,256	1,900	2,103	1,325	2,585	3,726	3,313	3,613	5,261	6,932	7,938	8,950
Enterprise Value High	1,348	1,417	1,341	1,256	1,900	2,103	1,325	2,585	3,726	3,313	3,613	5,261	6,932	7,938	8,950
Enterprise Value Low	1,348	1,417	1,341	1,256	1,900	2,103	1,325	2,585	3,726	3,313	3,613	5,261	6,932	7,938	8,950

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	52	46	44	38	44	41	40	42	44	51	44	44	53	50	44
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

RenaissanceRe Holdings Ltd.

Profitability (USD)

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