RenRe CEO: ‘Ended Year On Positive Note’
Bermuda-based RenaissanceRe Holdings reported net loss attributable to RenaissanceRe common shareholders of $3.5 million, or $0.09 per diluted common share, in the fourth quarter of 2017, compared to net income available to RenaissanceRe common shareholders of $69.4 million, or $1.69 per diluted common share, in the fourth quarter of 2016.
For 2017, the Company reported net loss attributable to RenaissanceRe common shareholders of $244.8 million, or $6.15 per diluted common share, compared to net income available to RenaissanceRe common shareholders of $480.6 million, or $11.43 per diluted common share, in 2016.
Kevin J. O’Donnell, CEO, commented: “In 2017, we experienced solid growth across our segments, while performing well in the face of the year’s catastrophe losses and benefiting from our gross-to-net strategy.
“We ended the year on a positive note, with strong execution at the January 1 renewals allowing us to construct a more attractive portfolio. Looking forward, I am confident that we will see continued opportunities to grow in 2018 while maintaining underwriting discipline and maximizing shareholder value.”
