RenaissanceRe Holdings Ltd. Announces Quarterly Dividend and Increase of Share Repurchase Authorization to $750 million
06 Noviembre 2024 - 3:17PM
Business Wire
The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE:
RNR) (“RenaissanceRe” or the “Company”) announced today a quarterly
dividend of $0.39 per common share on its common shares. The
dividend is payable on December 31, 2024, to shareholders of record
on December 13, 2024.
In addition, the Board of Directors approved a renewal of
RenaissanceRe’s authorized share repurchase program, increasing the
total current authorization to $750.0 million, which includes the
remaining amounts under prior authorizations. This represents a
50.0% increase from RenaissanceRe’s previous share repurchase
authorization of $500.0 million. The program will expire when the
Company has repurchased the full value of the shares authorized,
unless terminated earlier by the Board of Directors. Pursuant to
the program, RenaissanceRe may repurchase shares through open
market purchases and privately negotiated transactions, and the
decision to repurchase common shares will depend on, among other
things, the market price of the common shares and the Company’s
capital requirements.
About RenaissanceRe
RenaissanceRe is a global provider of reinsurance and insurance
that specializes in matching desirable risk with efficient capital.
The Company provides property, casualty and specialty reinsurance
and certain insurance solutions to customers, principally through
intermediaries. Established in 1993, RenaissanceRe has offices in
Bermuda, Australia, Canada, Ireland, Singapore, Switzerland, the
United Kingdom and the United States.
Cautionary Statement Regarding Forward-Looking
Statements
Any forward-looking statements made in this Press Release,
including any statements regarding any future results of operations
and financial positions, business strategy, plan and any objectives
for future operations, reflect RenaissanceRe’s current views with
respect to future events and financial performance and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements are subject to
numerous factors that could cause actual results to differ
materially from those set forth in or implied by such
forward-looking statements, including the factors affecting future
results disclosed in RenaissanceRe’s filings with the SEC,
including its Annual Reports on Form 10-K and Quarterly Reports on
Form 10-Q.
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version on businesswire.com: https://www.businesswire.com/news/home/20241106208967/en/
Investor Contact: RenaissanceRe Holdings Ltd. Keith McCue Senior
Vice President, Finance & Investor Relations 441-239-4830
Media Contacts: RenaissanceRe Holdings Ltd. Hayden Kenny Senior
Vice President, Investor Relations & Communications
441-239-4946
Kekst CNC Nicholas Capuano 917-842-7859
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