RenaissanceRe Q1 Profit Declines - Quick Facts

(RTTNews) - RenaissanceRe Holdings Ltd. (RNR) Tuesday reported first-quarter profit of $151.0 million or $3.56 per share, lower than $190.47 million or $4.23 per share in the prior-year quarter.

Excluding items, operating income for the quarter was $136.08 million or $3.20 per share. On average, 15 analysts polled by Thomson Reuters expected the company to earn $2.92 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter increased to $343.61 million from $333.47 million in the same quarter last year. Analysts expected revenues of $344.07 million.

Net-premiums earned increased to $286.53 million from $271.26 million last year. Net-investment income totaled $38.95 million, down from $43.20 million last year.