Renaissancere Historical Income Statement
| RNR Stock | USD 285.44 3.06 1.08% |
Historical analysis of Renaissancere Holdings income statement accounts such as Selling General Administrative of 48.7 M, Gross Profit of 9.5 B, Other Operating Expenses of 6.3 B or Operating Income of 3.5 B can show how well Renaissancere Holdings performed in making a profits. Evaluating Renaissancere Holdings income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Renaissancere Holdings's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Renaissancere Holdings latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Renaissancere Holdings is a good buy for the upcoming year.
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About Renaissancere Income Statement Analysis
Renaissancere Holdings Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Renaissancere Holdings shareholders. The income statement also shows Renaissancere investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Renaissancere Holdings Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Renaissancere Holdings generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Renaissancere Holdings minus its cost of goods sold. It is profit before Renaissancere Holdings operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Renaissancere Holdings. It is also known as Renaissancere Holdings overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Renaissancere Holdings' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Renaissancere Holdings current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renaissancere Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Renaissancere Stock, please use our How to Invest in Renaissancere Holdings guide.At this time, Renaissancere Holdings' EBIT is relatively stable compared to the past year. As of 11/29/2024, Total Operating Expenses is likely to grow to about 9.5 B, while Selling General Administrative is likely to drop slightly above 48.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 5.4B | 6.3B | 6.0B | 6.3B | Gross Profit | 5.3B | 5.0B | 9.1B | 9.5B |
Renaissancere Holdings income statement Correlations
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Renaissancere Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Renaissancere Holdings income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 58.4M | 50.5M | 47.5M | 48.3M | 73.2M | 76.8M | |
| Total Revenue | 4.2B | 5.2B | 5.3B | 5.0B | 9.1B | 9.5B | |
| Ebitda | 702.1M | 1.1B | (126.3M) | (1.3B) | 3.3B | 3.4B | |
| Net Income | 748.8M | 762.4M | (103.4M) | (1.2B) | 2.5B | 2.7B | |
| Depreciation And Amortization | (59.0M) | 16.7M | (21.0M) | (27.0M) | (24.6M) | (23.4M) | |
| Selling General Administrative | 316.9M | 303.7M | 253.3M | 323.5M | 51.2M | 48.7M | |
| Gross Profit | 4.2B | 5.2B | 5.3B | 5.0B | 9.1B | 9.5B | |
| Other Operating Expenses | 3.2B | 4.2B | 5.4B | 6.3B | 6.0B | 6.3B | |
| Operating Income | 761.1M | 765.1M | (61.7M) | (1.1B) | 3.3B | 3.5B | |
| Ebit | 761.1M | 1.1B | (105.3M) | (1.2B) | 3.3B | 3.5B | |
| Total Operating Expenses | (3.4B) | (4.4B) | (5.3B) | 69.7M | 9.1B | 9.5B | |
| Income Before Tax | 967.5M | 995.9M | (114.1M) | (1.2B) | 3.1B | 3.3B | |
| Total Other Income Expense Net | 206.4M | (35.7M) | (52.4M) | (105.2M) | (191.1M) | (181.5M) | |
| Income Tax Expense | 17.2M | 2.9M | (10.7M) | (59.0M) | (510.1M) | (484.6M) | |
| Cost Of Revenue | 2.2B | 1.6B | 2.9B | 9.1B | 10.4B | 10.9B | |
| Net Income Applicable To Common Shares | 712.0M | 731.5M | (74.1M) | (1.1B) | (986.9M) | (937.6M) | |
| Minority Interest | 201.5M | 230.7M | 63.3M | 98.6M | (892.4M) | (847.8M) | |
| Net Income From Continuing Ops | 984.7M | 998.8M | (103.4M) | (1.2B) | 2.3B | 2.4B | |
| Preferred Stock And Other Adjustments | 36.8M | 30.9M | 33.3M | 35.4M | 40.7M | 31.6M | |
| Tax Provision | 17.2M | 2.9M | (10.7M) | (59.0M) | 49.5M | 52.0M | |
| Interest Income | 40.7M | 5.5M | 78.5M | 96.2M | 110.6M | 116.2M | |
| Net Interest Income | (58.4M) | (50.5M) | (47.5M) | (48.3M) | (62.4M) | (65.5M) | |
| Reconciled Depreciation | (59.0M) | 16.7M | (21.0M) | (27.0M) | (146.8M) | (139.5M) |
Pair Trading with Renaissancere Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Renaissancere Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Renaissancere Holdings will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Renaissancere Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Renaissancere Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Renaissancere Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Renaissancere Holdings to buy it.
The correlation of Renaissancere Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Renaissancere Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Renaissancere Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Renaissancere Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Renaissancere Stock Analysis
When running Renaissancere Holdings' price analysis, check to measure Renaissancere Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renaissancere Holdings is operating at the current time. Most of Renaissancere Holdings' value examination focuses on studying past and present price action to predict the probability of Renaissancere Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renaissancere Holdings' price. Additionally, you may evaluate how the addition of Renaissancere Holdings to your portfolios can decrease your overall portfolio volatility.