RENAISSANCERE HLDG
RENAISSANCERE HLDG operates in Diversified Metals & Mining.
RENAISSANCERE HLDG (RRJ) - Net Assets
Latest net assets as of September 2024: €18.10 Billion EUR
Based on the latest financial reports, RENAISSANCERE HLDG (RRJ) has net assets worth €18.10 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€52.76 Billion) and total liabilities (€34.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €18.10 Billion |
| % of Total Assets | 34.32% |
| Annual Growth Rate | 18.06% |
| 5-Year Change | 160.51% |
| 10-Year Change | N/A |
| Growth Volatility | 32.93 |
RENAISSANCERE HLDG - Net Assets Trend (2016–2023)
This chart illustrates how RENAISSANCERE HLDG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RENAISSANCERE HLDG (2016–2023)
The table below shows the annual net assets of RENAISSANCERE HLDG from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €15.56 Billion | +57.76% |
| 2022-12-31 | €9.86 Billion | -3.12% |
| 2021-12-31 | €10.18 Billion | -7.04% |
| 2020-12-31 | €10.95 Billion | +83.35% |
| 2019-12-31 | €5.97 Billion | +18.36% |
| 2018-12-31 | €5.05 Billion | +14.89% |
| 2017-12-31 | €4.39 Billion | -9.76% |
| 2016-12-31 | €4.87 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to RENAISSANCERE HLDG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 55.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.52 Billion | 68.98% |
| Other Components | €2.93 Billion | 31.02% |
| Total Equity | €9.45 Billion | 100.00% |
RENAISSANCERE HLDG Competitors by Market Cap
The table below lists competitors of RENAISSANCERE HLDG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UCB - Dusseldorf Stock Exchang
DU:UNC
|
$2.45 Million |
|
Inix Technologies Holdings Bhd
KLSE:0094
|
$2.45 Million |
|
SYNEX RENE. ENERGY CORP.
F:V5X
|
$2.45 Million |
|
LANDSEA GREEN MANAGEMENT
F:8G7
|
$2.45 Million |
|
Palatin Technologies Inc
NYSE MKT:PTN
|
$2.45 Million |
|
CREDICORP
BE:D8V
|
$2.45 Million |
|
Par Drugs And Chemicals Limited
NSE:PAR
|
$2.45 Million |
|
Saigon General Service Corp
VN:SVC
|
$2.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RENAISSANCERE HLDG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 5,325,274,000 to 9,454,958,000, a change of 4,129,684,000 (77.5%).
- Net income of 2,561,132,000 contributed positively to equity growth.
- Dividend payments of 110,487,000 reduced retained earnings.
- New share issuances of 1,351,608,000 increased equity.
- Other factors increased equity by 327,431,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.56 Billion | +27.09% |
| Dividends Paid | €110.49 Million | -1.17% |
| Share Issuances | €1.35 Billion | +14.3% |
| Other Changes | €327.43 Million | +3.46% |
| Total Change | €- | 77.55% |
Book Value vs Market Value Analysis
This analysis compares RENAISSANCERE HLDG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.43x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.33x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €109.72 | €256.00 | x |
| 2018-12-31 | €119.53 | €256.00 | x |
| 2019-12-31 | €135.26 | €256.00 | x |
| 2020-12-31 | €148.79 | €256.00 | x |
| 2021-12-31 | €149.05 | €256.00 | x |
| 2022-12-31 | €121.81 | €256.00 | x |
| 2023-12-31 | €179.43 | €256.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RENAISSANCERE HLDG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.17%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 5.18x
- Recent ROE (27.09%) is above the historical average (4.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.34% | 29.13% | 0.14x | 2.54x | €16.30 Million |
| 2017 | -5.06% | -10.61% | 0.14x | 3.47x | €-661.53 Million |
| 2018 | 4.51% | 11.06% | 0.11x | 3.70x | €-277.14 Million |
| 2019 | 12.54% | 17.92% | 0.16x | 4.41x | €151.66 Million |
| 2020 | 10.08% | 14.79% | 0.17x | 4.08x | €6.38 Million |
| 2021 | -0.61% | -0.76% | 0.16x | 5.13x | €-702.58 Million |
| 2022 | -19.93% | -21.02% | 0.14x | 6.86x | €-1.59 Billion |
| 2023 | 27.09% | 28.17% | 0.19x | 5.18x | €1.62 Billion |
Industry Comparison
This section compares RENAISSANCERE HLDG's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RENAISSANCERE HLDG (RRJ) | €18.10 Billion | 10.34% | 1.91x | $2.45 Million |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |