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Non-Tech
RNR - RenaissanceRe Holdings
An SI Board Since August 2003
Posts SubjectMarks Bans Symbol
4 3 0 RNR
Emcee:  REH Type:  Unmoderated
RenaissanceRe Holdings provides property catastrophe reinsurance coverage to insurers and reinsurers worldwide, primarily on an excess of loss basis. For the six months ended 6/30/03, revenues increased 72% to $699.7 million. Net income before acctg. change and applicable to Common rose 81% to $331.4 million. Results reflect higher premiums on catastrophe reinsurance and other lines of reinsurance and higher income from the minority interest in DaVinci.

Currently trading at a trailing P/E of 5.6. Book value $ 26/share.

Lost market value since presenting stong last Q - stock down from high 40's to $ 41 and change.

Looks like a solid prospect in a sea of red - comments welcome
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