Island reinsurers score well on ROE
Updated: Jul 15, 2014 09:51 AM
RenaissanceRe Holdings ranks highest with a ROE of 18.9 percent. Everest Re Group is next with a ROE of 16.7 percent. Enstar Group ranks third highest with a ROE of 13.5 percent.
Validus Holdings follows with a ROE of 12.4 percent, and Montpelier Re Holdings rounds out the top five with a ROE of 12 percent.
According to SmarTrend, the ROE is a general indication of the company’s efficiency; investors usually look for companies with ROEs that are high and are growing.