PEMBROKE, Bermuda (AP) 鈥� PEMBROKE, Bermuda (AP) 鈥� RenaissanceRe Holdings Ltd. (RNR) on Wednesday reported second-quarter profit of $663.1 million.
On a per-share basis, the Pembroke, Bermuda-based company said it had net income of $15.48. Earnings, adjusted for non-recurring gains, were $12.92 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $11.44 per share.
The insurance company posted revenue of $2.77 billion in the period. Its adjusted revenue was $2.64 billion, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $2.66 billion.
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