RenaissanceRe Holdings Ltd reported net income available to common shareholders of $2.6 billion for the full-year 2025, alongside operating income of $1.9 billion.

Favourable market conditions, disciplined underwriting and solid investment returns combined to boost results.

The company repurchased some $1.6 billion in common shares and reduced the share count by 12.8 per cent.

RenRe had an impressive 87.2 per cent combined ratio as part of a strong performance across the three drivers of profit: underwriting income of $1.3 billion; net investment income of $1.7 billion, and fee income of $328.9 million.

The total investment result of $3.0 billion, was up 77 per cent over the prior year.

Kevin O’Donnell, president and chief executive officer, said: “We are pleased to report that we grew book value per common share by 26.2 per cent and tangible book value per common share plus change in accumulated dividends by 30.8 per cent in 2025, and that each of these metrics has more than doubled over the last three years.

“We have accomplished this by consistently executing our strategy and maximising the returns on each of our three drivers of profit — underwriting, fee and net investment income — while optimising our capital base through significant capital return to our investors.

“At the January 1 renewal, we retained the lines that we targeted and built an underwriting portfolio designed to generate returns well in excess of the cost of capital.

“Looking forward to 2026, we expect the combination of our attractive underwriting portfolio, strong fee and investment income and robust capital management will continue to generate long-term value for our shareholders.”

Full results for the fourth quarter and for the year