PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — RenaissanceRe Holdings Ltd. (RNR) on Tuesday reported a loss of $189.7 million in its fourth quarter.
On a per-share basis, the Pembroke, Bermuda-based company said it had a loss of $3.95. Earnings, adjusted for non-recurring costs, came to $8.06 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $7.61 per share.
The insurance company posted revenue of $2.29 billion in the period. Its adjusted revenue was $2.96 billion, falling short of Street forecasts. Four analysts surveyed by Zacks expected $2.99 billion.
For the year, the company reported profit of $1.87 billion, or $35.21 per share. Revenue was reported as $11.75 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RNR at https://www.zacks.com/ap/RNR
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