Renaissancere Holdings Ltd. (RNR) intrinsic value & 10-year financials
Renaissancere Holdings Ltd. (RNR) has a Graham intrinsic value of $1,861.07 per share. At $351.06 on Oct 17, 2026, the stock trades 81% below that value. Over the last 10 fiscal years revenue grew 25.0% a year to $12.8B, with an average return on invested capital of 9.2%.
- Graham intrinsic value
- $1,861.07
- Share price (Oct 17, 2026)
- $351.06
- Price vs Graham value
- 81% below
- Market cap
- $16.3B
- Revenue (FY2025)
- $12.8B
- Revenue growth (10-yr CAGR)
- 25.0%
- ROIC (10-yr avg)
- 9.2%
- Free cash flow (FY2025)
- —
RNR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $12.8B | $2.7B | $56.03 | — | — | 23.3% |
| FY2024 | $11.7B | $1.9B | $35.21 | — | — | 18.4% |
| FY2023 | $9.1B | $2.6B | $52.27 | — | — | 34.5% |
| FY2022 | $5.1B | -$1.1B | -$25.50 | — | — | -18.9% |
| FY2021 | $5.3B | -$40.2M | -$1.57 | — | — | -0.6% |
| FY2020 | $5.2B | $762.4M | $15.31 | — | — | 11.8% |
| FY2019 | $4.2B | $748.8M | $16.29 | — | — | 13.7% |
| FY2018 | $2.1B | $227.4M | $4.91 | — | — | 5.1% |
| FY2017 | $2.1B | -$222.4M | -$6.15 | — | — | -4.7% |
| FY2016 | $1.7B | $503.0M | $11.43 | — | — | 9.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
RENAISSANCERE HOLDINGS LTD is a consistent compounder, expanding top-line revenue at 25.0% annually over the past decade.
RENAISSANCERE HOLDINGS LTD returns on capital have been average, hovering around 9.2% ROIC over the decade.
RENAISSANCERE HOLDINGS LTD has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, RENAISSANCERE HOLDINGS LTD is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1861.07 per share.