Stock fact sheet · data as of
RenaissanceRe Holdings Ltd. (RNR): fair value, margin of safety and Wheel Score
Financial Services · Insurance - Reinsurance · Bermuda · High Growth
Is RNR undervalued?
RNR has a margin of safety of 75%: the stock closed at 339.51 on 16 Oct 2026 against a GLS average fair value of 1,335.01. 6 of the 9 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 9 models disagree widely: DDM gives 23.98 while GLS Growth gives 3,896.18. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files RNR under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for RNR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 133.50 | -61% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 639.57 | +88% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 1,026.76 | +202% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 254.57 | -25% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3,896.18 | +1048% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1,882.87 | +455% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 3,450.49 | +916% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 23.98 | -93% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 707.14 | +108% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 268.65 | -21% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 334.44 | -1% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - RNR passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 5.9 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are high - ROIC 19.2%, ROE 23.1%, ROA 5.0% - with debt at 0.20 times equity and a free-cash-flow yield of 25.6%.
The dividend yield is 0.48% with a payout ratio of 4% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Casualty and Specialty 60%, Property 40% (fiscal year FY2025).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 19.2% |
|---|---|---|---|
| GLS Moat | 5.9 / 10 | ROE | 23.1% |
| Debt / equity | 0.20 | ROA | 5.0% |
| Free-cash-flow yield | 25.6% | Payout ratio | 4% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 77: Good
RNR scores 77 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (13/20), the GLS moat (9/15), the option premium on offer (13/20) and how easily the stock trades (17/20). Moat (9/15) is the part holding the score back.
Implied volatility is 28% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (13 of 20 points). Chain open interest is thin - 1,624 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 542k shares a day on a market cap of $14.1B, with a beta of 0.17 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 75% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 9 / 15 | moat 5.9/10 | |
| Premium | 13 / 20 | implied volatility 28% | |
| Stability | 17 / 20 | 542k shares/day, $14.1B cap, beta 0.17 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
RenaissanceRe Holdings Ltd. reports earnings on 27 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Reinsurance
The 8 companies below are the closest to RenaissanceRe Holdings Ltd. by market cap within the Insurance - Reinsurance industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| EG Everest Group, Ltd. | 381.35 | 943.59 | +60% | 77Good | $14.6B |
| RGA Reinsurance Group of America, Incorporated | 261.05 | 780.85 | +67% | 79Good | $17.0B |
| RZC Reinsurance Group of America, Incorporated | 24.95 | 327.39 | +92% | 39No options | $17.1B |
| HG Hamilton Insurance Group, Ltd. | 35.50 | 123.93 | +71% | 86Prime | $3.5B |
| SPNT SiriusPoint Ltd. | 25.27 | 69.85 | +64% | 83Prime | $2.9B |
| GLRE Greenlight Capital Re, Ltd. | 14.74 | 68.25 | +78% | 74Good | $481M |
| KG Kestrel Group Ltd | 4.62 | 45.53 | +90% | 39No options | $36M |
| OXBR Oxbridge Re Holdings Limited | 0.9264 | 1.05 | +11% | 32No options | $8M |
⚖ Compare RNR with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about RNR
Is RNR undervalued right now?
By the GLS models, yes: at 339.51 the stock is 75% below the average fair value of 1,335.01 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of RNR and what does it mean?
RNR scores 77 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for RNR?
1,335.01 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does RenaissanceRe Holdings Ltd. report earnings next?
The next earnings report is due on 27 Oct 2026 (after the close), 11 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does RNR have listed options, and how liquid are they?
Yes. The nightly snapshot found 348 listed contracts with 1,624 open interest across all expiries and implied volatility of 28% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.