- RenaissanceRe Holdings Ltd. Announces Planned Leadership Succession
May 14, 2026
Bob QutubRoss CurtisMatt NeuberDavid Marra
Robert Qutub and Ross Curtis to Retire; Matthew Neuber to Become Chief Financial Officer in 2027
PEMBROKE, Bermuda, May 14, 2026--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (the "Company" or "RenaissanceRe") today announced that Robert "Bob" Qutub, Chief Financial Officer, and Ross Curtis, Chief Portfolio Officer, intend to retire on December 31, 2026.
Matthew Neuber, RenaissanceRe’s Senior Financial Officer and Corporate Treasurer, will succeed Mr. Qutub as Chief Financial Officer, effective January 1, 2027. He will remain Corporate Treasurer and will join RenaissanceRe’s Governance Committee. Mr. Neuber’s appointment to Chief Financial Officer reflects his significant contributions to RenaissanceRe and is the outcome of the Company’s ongoing commitment to long-term succession planning. David Marra, RenaissanceRe’s Group Chief Underwriting Officer, will assume oversight of Mr. Curtis’ responsibilities in 2027.
Kevin O’Donnell, President and Chief Executive Officer, said: "Since Bob joined us in 2016, he has provided rigorous financial oversight as RenaissanceRe has grown rapidly, including through two major acquisitions and geographic expansion. Over his tenure, Bob has evolved our investment portfolio and operations to reflect RenaissanceRe’s increased scale, and his financial acumen and leadership have helped drive greater earnings diversification and financial resilience that have been integral to our success. We are deeply grateful for his contributions and wish him and his family all the best in his retirement.
"Matt brings a proven track record of financial leadership, with deep expertise in corporate finance and capital management. He has played a pivotal role in advancing our strategy and has scaled our Treasury function in line with RenaissanceRe’s growth. His appointment reflects not only his individual strengths, but also the depth of internal talent we have developed across RenaissanceRe. I look forward to continuing our work together as we drive long‑term value for our shareholders."
Bob Qutub, Chief Financial Officer, said: "It has been an honor to be part of RenaissanceRe and to work alongside so many outstanding colleagues over the years. Having worked closely with Matt over the past decade, I am delighted to see him assume this role. I have great confidence in his leadership, strategic insight and financial expertise."
Mr. O’Donnell continued: "Over the past 27 years, Ross has helped shape the company we are today – from establishing our Syndicate 1458 to overseeing significant growth as Group Chief Underwriting Officer and most recently advancing our leadership in portfolio construction and capital efficiency as Chief Portfolio Officer. Importantly, he made a lasting impact on our culture by exemplifying our values, championing inclusion, and developing generations of talent. We thank Ross for his leadership and wish him and his family every happiness in his retirement.
Story Continues
"David has successfully grown RenaissanceRe’s portfolio as Chief Underwriting Officer, both organically and through the Validus acquisition, while maintaining our collaborative, high‑performing underwriting culture. I am confident that he will build on his long track record of underwriting leadership in this expanded role, matching desirable risk with capital and advancing our value proposition to customers at scale."
Ross Curtis, Chief Portfolio Officer, said: "It has been a true privilege to be part of the RenaissanceRe team for nearly thirty years and to contribute to a business defined by underwriting excellence and a strong, collaborative culture. I am proud of the company we have built and the deep client relationships we have fostered. I have every confidence that those enduring strengths will continue to distinguish RenaissanceRe in the years ahead."
To facilitate a smooth transition, Mr. Qutub will serve as a strategic advisor to the Company for a period of twelve months after his retirement and Mr. Curtis will serve as a strategic advisor for six months.
About Matthew Neuber
Mr. Neuber currently serves as RenaissanceRe’s Senior Financial Officer and Corporate Treasurer. In this role, he oversees the Company’s capital management, financial planning, and forecasting activities. He has been Corporate Treasurer since 2019 and during his tenure with RenaissanceRe has held roles of increasing responsibility across Capital Partners, Investor Relations, Strategic Investments and M&A. Mr. Neuber joined RenaissanceRe in 2014, bringing prior experience in private equity and asset management. He began his career in investment banking at Keefe, Bruyette & Woods, where he focused on the insurance industry.
Mr. Neuber holds a B.A. in Economics from Williams College and an M.B.A. from The Wharton School of the University of Pennsylvania. He is also a CFA charterholder.
He will continue to be based in RenaissanceRe’s Bermuda headquarters, pending immigration approval.
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, and headquartered in Bermuda, RenaissanceRe has offices across North America, Europe, and the Asia-Pacific region.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260514517401/en/
Contacts
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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- RenaissanceRe Holdings Ltd. Announces Planned Leadership Succession
May 14, 2026 · businesswire.com
PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) today announced that Robert “Bob” Qutub, Chief Financial Officer, and Ross Curtis, Chief Portfolio Officer, intend to retire on December 31, 2026. Matthew Neuber, RenaissanceRe's Senior Financial Officer and Corporate Treasurer, will succeed Mr. Qutub as Chief Financial Officer, effective January 1, 2027. He will remain Corporate Treasurer and will join RenaissanceRe's Governance Commi.
- RENAISSANCERE HOLDINGS LTD. ANNOUNCES PLANNED LEADERSHIP SUCCESSION
May 14, 2026
PEMBROKE, BERMUDA--(BUSINESS WIRE)--RENAISSANCERE HOLDINGS LTD. (NYSE: RNR) (THE “COMPANY” OR “RENAISSANCERE”) TODAY ANNOUNCED THAT ROBERT “BOB” QUTUB, CHIEF FINANCIAL OFFICER, AND ROSS CURTIS, CHIEF PORTFOLIO OFFICER, INTEND TO RETIRE ON DECEMBER 31, 2026. MATTHEW NEUBER, RENAISSANCERE'S SENIOR FINANCIAL OFFICER AND CORPORATE TREASURER, WILL SUCCEED MR. QUTUB AS CHIEF FINANCIAL OFFICER, EFFECTIVE JANUARY 1, 2027. HE WILL REMAIN CORPORATE TREASURER AND WILL JOIN RENAISSANCERE'S GOVERNANCE COMMI.
- MKTX Q1 Earnings Beat Estimates on Robust Commission Revenue Growth
May 11, 2026
MarketAxess Holdings Inc. MKTX reported first-quarter 2026 adjusted earnings per share of $2.25, which beat the Zacks Consensus Estimate by 4.7%. The bottom line increased 20.3% year over year.
Total revenues were $233 million, which grew 12% year over year. The top line beat the consensus mark by 0.9%
The quarterly results benefited from solid growth in total revenues, driven by higher high-grade, high-yield, emerging markets and Eurobonds trading volumes. Increased commission revenues, along with growth in information services, technology services and post-trade services revenues, also contributed to the upside. The gains were partly offset by higher expenses stemming from increased employee compensation and benefits, technology and communication, and marketing and advertising costs.
MarketAxess Holdings Inc. Price, Consensus and EPS SurpriseMarketAxess Holdings Inc. Price, Consensus and EPS Surprise
MarketAxess Holdings Inc. price-consensus-eps-surprise-chart | MarketAxess Holdings Inc. Quote
MarketAxess’ Quarterly Operational Update
Commission revenues improved 12.2% year over year to $203.5 million. The metric beat the Zacks Consensus Estimate of $202.1 million and our estimate of $198.7 million. Information services revenues of $14.4 million grew 11.9% year over year. The metric beat the consensus mark of $13.9 million and our estimate of $13.6 million. Post-trade services revenues increased 4.7% year over year to $11.6 million, while technology services revenues rose 19% to $3.9 million.
Total expenses were $132.5 million, which escalated 10.2% year over year in the quarter due to higher employee compensation and benefits, technology and communication, and marketing and advertising. The metric was lower than our estimate of $135.9 million.
MarketAxess’ net income skyrocketed 418.5% year over year to $78.1 million, higher than our estimate of $72.5 million. The net income margin of 33.5% improved 2,630 basis points year over year.
MarketAxess’ Trading Volumes
The high-grade trading volume of MarketAxess was $511.5 billion in the first quarter, which advanced 10.9% year over year and beat the Zacks Consensus Estimate of $505.1 billion. The ADV of the same product category totaled $8.39 million, which rose 10% year over year and beat the Zacks Consensus Estimate of $8.31 million.
High-yield trading volume of $100.4 billion climbed 11.6% year over year, while ADV rose 12% year over year to $1.6 billion. Other credit trading volume rose 16% year over year to $49.8 billion, whereas ADV for the same product category increased 10% year over year to $659 million.
Trading volume and ADV of emerging markets rose 30% each on a year-over-year basis to $311.9 billion and $5 billion, respectively. The Eurobonds’ trading volume and ADV improved 20% each on a year-over-year basis.
Story Continues
The total credit trading volume of $1,142.2 billion advanced 17% year over year. Total credit ADV rose 17% to $18.6 billion. Total rates’ trading volume and ADV of this product category each improved 16% on a year-over-year basis.
MarketAxess’ Balance Sheet (As of March 31, 2026)
MarketAxess exited the first quarter with cash and cash equivalents of $377.3 million, which fell 27.4% from the 2025-end level. Total assets of $2.3 billion inched up 18.9% from the figure at 2025-end.
The company had $228.3 million in outstanding borrowings under its credit facility at the end of the first quarter. Total stockholders’ equity of $1.2 billion rose 3.9% from the 2025-end level.
MarketAxess’ Cash Flows
Net cash used in operating activities was $75.3 million compared to net cash provided by operating activities of $29.6 million in the prior-year period. The free cash flow declined 66.3% year over year to $15.9 million.
MarketAxess’ Capital Deployment Update
MarketAxess completed the final settlement of its previously announced $300 million accelerated share repurchase program on Feb. 4, 2026, with the delivery of an additional 359,782 shares. As of April 30, 2026, $205 million remained available under the board-authorized share repurchase program.
The board declared a quarterly cash dividend of 78 cents per share, which will be paid out on June 3, 2026, to shareholders of record as of May 26.
MarketAxess Reaffirms Its 2026 Outlook
Service revenues, which comprise Information Services, Post-Trade Services and Technology Services, are estimated to witness mid-single-digit percentage growth. Total expenses are anticipated to be between $530 million and $545 million for 2026. Capital expenditure is projected in the range of $65 million to $75 million, while the adjusted effective tax rate is expected to be between 24% and 26%.
MKTX Reaffirms Its 2026-2028 Financial Targets
In the medium term, MarketAxess is targeting average annual total revenue growth within 8-9%, along with an average annual improvement in operating margin of 75-125 basis points.
The projections are made on anticipated minimum average annual growth of approximately 6% in composite credit market ADV and around 5% in U.S. government bond TRACE market ADV.
MKTX’s Zacks Rank
MarketAxess currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Finance Sector Releases
Several companies in the Finance space, including RenaissanceRe Holdings Ltd. RNR, AMERISAFE, Inc. AMSF and The Hartford Insurance Group, Inc. HIG, have already reported their financial results for the March quarter of 2026. Here’s how they have performed:
RenaissanceRe reported first-quarter 2026 operating income of $13.75 per share, which surpassed the Zacks Consensus Estimate by 24.2%. The bottom line improved from the year-ago quarter’s operating loss of $1.49. Total operating revenues declined 16.6% year over year to $2.6 billion. The top line missed the consensus mark by 10.6%. RNR’s quarterly earnings were aided by a decline in expenses and strong underwriting performance in both segments. Improved combined ratio and fee income contributed to the upside. However, the upside was partly offset by lower net premiums earned across both segments.
AMERISAFE reported first-quarter 2026 adjusted earnings per share of 50 cents, which missed the Zacks Consensus Estimate of 52 cents. The bottom line declined 16.7% year over year. Operating revenues increased 7.9% year over year to $81.75 million but missed the consensus estimate by 0.9%. AMSF’s quarterly result was affected by higher expenses and weaker underwriting margins, with additional pressure from lower fee income and weaker investment income. Stronger premium growth partially offsets the downside.
Hartford posted first-quarter fiscal 2026 core earnings per share of $3.09, which increased 40.5% from $2.20 in the prior-year quarter. The figure missed the Zacks Consensus Estimate of $3.29 by 6.1%. Operating revenues totaled $5.09 billion, up 7% year over year, but missed the consensus mark by 2.1%. HIG’s weaker-than-expected results were led by less favorable prior-year reserve development, higher expenses and pressure in Employee Benefits. The negatives were partially offset by high demand for expensive risk events, stronger investment income and a massive turnaround in Personal Insurance.
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- LNC Q1 Earnings Beat Estimates on Rising Investment Income
May 11, 2026
Lincoln National Corporation LNC reported first-quarter 2026 adjusted earnings per share of $1.66, which surpassed the Zacks Consensus Estimate by 1.8%. The bottom line rose 3.7% year over year.
Adjusted operating revenues grew 3.9% year over year to $4.9 billion. However, the top line missed the consensus mark by 0.2%.
The quarterly earnings were supported by strong annuity deposits and solid Life Insurance performance. Higher net investment income, favorable equity markets and reduced expenses also contributed to the upside. Nevertheless, the positives were partly offset by a decline in the sales of Group Protection and lower insurance premiums.
Lincoln National Corporation Price, Consensus and EPS SurpriseLincoln National Corporation Price, Consensus and EPS Surprise
Lincoln National Corporation price-consensus-eps-surprise-chart | Lincoln National Corporation Quote
Key Takeaways From LNC’s Q1 Results
LNC’s estimated RBC ratio rose to more than 420% at the first-quarter end.
Insurance premiums inched down 0.1% year over year to $1.7 billion, missing the Zacks Consensus Estimate by 2.4%.
Fee income was $1.4 billion, which improved 0.3% year over year but missed the consensus mark by 1.7%. Net investment income advanced 9.8% year over year to $1.6 billion and beat the consensus mark by 7.5%.
Meanwhile, other revenues of $184 million rose 8.9% year over year in the quarter under review.
Total expenses declined 1.6% year over year to $5.6 billion. Interest credited rose 12.2% year over year to $999 million.
Lincoln National reported a net loss of $172 million compared to the prior-year quarter’s loss of $722 million.
Lincoln National’s Segmental Performances
The Annuities and Life Insurance segments form part of LNC’s Retail Solutions business, while Group Protection and Retirement Plan Services units make up the Workplace Solutions business.
The Annuities segment’s operating income totaled $275 million in the first quarter, which fell 5.2% year over year and missed the Zacks Consensus Estimate of $295.6 million due to the impact of a previously disclosed net investment income allocation refinement and unfavorable tax-related items. The unit's operating revenues rose 7.1% year over year to $1.3 billion, driven by 12.7% growth in net investment income, partly offset by a 14.3% decline in insurance premiums. Total annuity deposits were $3.9 billion, which climbed 3.7% year over year.
The Life Insurance unit recorded an operating income of $41 million, improved from the prior-year quarter’s loss of $16 million and beat the consensus mark of $7.2 million. The metric benefited from higher alternative investment income. Operating revenues grew 2.6% year over year to $1.6 billion. Total Life Insurance sales of $129 million advanced 33% year over year. Total deposits grew 2.9% year over year to $1.3 billion.
Story Continues
The Group Protection segment’s operating income increased 10.9% year over year to $112 million and beat the Zacks Consensus Estimate of $110.4 million. The unit was supported by a favorable life experience. Operating revenues totaled $1.6 billion in the quarter under review, which improved 2.2% year over year. The metric was driven by a 2% rise in insurance premiums. Sales of $150 million fell 4.5% year over year.
The Retirement Plan Services segment recorded an operating income of $43 million, which rose 26.5% year over year and beat the consensus mark of $42.3 million. The metric benefited from the expansion of spreads and favorable equity markets. Operating revenues increased 5.8% year over year to $346 million. Total deposits were $4.1 billion, which advanced 0.7% year over year.
Other Operations incurred an operating loss of $111 million, wider than the year-ago quarter’s loss of $95 million and the Zacks Consensus Estimate of $94.5 million.
Lincoln National’s Financial Update (As of March 31, 2026)
Lincoln National exited the first quarter with cash and invested cash of $7.3 billion, which declined from the 2025-end level of $9.5 billion. Total assets of $406.2 billion fell from the figure at the 2025-end of $417.2 billion.
Long-term debt amounted to $6 billion, up from the figure of $5.9 billion as of Dec. 31, 2025.
Total stockholders’ equity of $10.2 billion declined from the 2025-end level of $10.9 billion.
Book value per share, excluding accumulated other comprehensive income, was $71.06, which fell from the 2025-end level of $73.10. Adjusted income from operations ROE deteriorated 20 basis points year over year to 8.8%.
LNC’s Dividend Update
Lincoln National paid out quarterly dividends of $86 million.
LNC’s 2026 Outlook
In 2026, the Annuities, Life Insurance, Group Protection and Retirement Plan Services units were projected to account for 58-60%, 8-9%, 24-25% and 8-9%, respectively, of the company’s total operating income earnings.
Management had earlier projected an RBC ratio of more than 420% for 2026 and over the long term.
LNC’s Zacks Rank
LNC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
How Did Peers Perform?
Several companies in the insurance space, including RenaissanceRe Holdings Ltd. RNR, AMERISAFE, Inc. AMSF and The Hartford Insurance Group, Inc. HIG, have already reported their financial results for the March quarter of 2026. Here’s how they had performed:
RenaissanceRe reported first-quarter 2026 operating income of $13.75 per share, which surpassed the Zacks Consensus Estimate by 24.2%. The bottom line improved from the year-ago quarter’s operating loss of $1.49. Total operating revenues declined 16.6% year over year to $2.6 billion. The top line missed the consensus mark by 10.6%. RNR’s quarterly earnings were aided by a decline in expenses and strong underwriting performance in both segments. Improved combined ratio and fee income contributed to the upside. However, the upside was partly offset by lower net premiums earned across both segments.
AMERISAFE reported first-quarter 2026 adjusted earnings per share of 50 cents, which missed the Zacks Consensus Estimate of 52 cents. The bottom line declined 16.7% year over year. Operating revenues increased 7.9% year over year to $81.75 million but missed the consensus estimate by 0.9%. AMSF’s quarterly result was affected by higher expenses and weaker underwriting margins, with additional pressure from lower fee income and weaker investment income. Stronger premium growth partially offsets the downside.
Hartford posted first-quarter fiscal 2026 core earnings per share of $3.09, up 40.5% from $2.20 in the prior-year quarter. The figure missed the Zacks Consensus Estimate of $3.29 by 6.1%. Operating revenues totaled $5.09 billion, up 7% year over year, but missed the consensus mark by 2.1%. HIG’s weaker-than-expected results were caused by less favorable prior-year reserve development, higher expenses and pressure in Employee Benefits. The negatives were partially offset by high demand for expensive risk events, stronger investment income and a massive turnaround in Personal Insurance.
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- A Look At RenaissanceRe Holdings (RNR) Valuation After Recent Trading Around $300
May 11, 2026
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RenaissanceRe Holdings stock update
RenaissanceRe Holdings (RNR) has drawn investor interest after recent trading left the stock around $300.16, inviting a closer look at its reinsurance business, recent share performance, and current valuation signals.
See our latest analysis for RenaissanceRe Holdings.
Recent trading around $300.16 comes after a modest pullback in the short term. The 10.26% year to date share price return and multi year total shareholder returns suggest that longer term momentum has been stronger than the latest move implies.
If you are looking beyond insurance and reinsurance, this could be a good moment to broaden your search and check out 19 top founder-led companies
With RenaissanceRe sitting around $300 and showing a long run of positive total returns, the key question is simple: does the current valuation still leave room for upside, or is the market already pricing in future growth?
Most Popular Narrative: 8.1% Undervalued
The most followed valuation narrative points to a fair value of about $326.47 for RenaissanceRe, compared with the recent close near $300.16. This frames the current discussion around modest upside and what could underpin it.
The company's significant diversification across property, casualty, specialty, and credit lines, plus its growing global client relationships, reduces earnings volatility and has enabled steady fee and investment income streams, which are likely to drive more stable long-term earnings and net margins.
Read the complete narrative.
Want to understand what is behind that valuation gap? The narrative leans heavily on changing revenue mix, margin reset, and where earnings and buybacks converge next.
Result: Fair Value of $326.47 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, this hinges on catastrophe losses and regulatory changes not hitting harder than expected, as both could quickly pressure margins and reset analyst expectations.
Find out about the key risks to this RenaissanceRe Holdings narrative.
Next Steps
With sentiment clearly mixed, and both risks and rewards on the table, it makes sense to review the numbers yourself and move quickly to shape your own view using the 3 key rewards and 1 important warning sign
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Story Continues
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include RNR.
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- Skyward Specialty Q1 Earnings Beat on Apollo Lift, Premium Growth
May 7, 2026
Skyward Specialty Insurance Group, Inc. SKWD delivered a solid first quarter of 2026, with operating earnings per share of $1.25, increased 38.9% from a year ago and beat the Zacks Consensus Estimate of $1.05. Total revenues were $475.87 million, up 44.8% year over year, and came in 19.4% above the consensus mark.
First quarter performance reflected stronger premiums, underlying underwriting results alongside the accretive impact of Apollo, while profitability held firm with a lower combined ratio.
Skyward Specialty Insurance Group, Inc. Price, Consensus and EPS SurpriseSkyward Specialty Insurance Group, Inc. Price, Consensus and EPS Surprise
Skyward Specialty Insurance Group, Inc. price-consensus-eps-surprise-chart | Skyward Specialty Insurance Group, Inc. Quote
SKWD’s Premium Base Expanded Across Both Platforms
Gross written premiums totaled $667.7 million, up 9.9% versus the prior-year period. Growth was broad-based, led by an 8.7% increase in the Skyward Specialty segment and an 18.7% rise in the Apollo segment, supported by higher volume in syndicate 1969.
Net earned premiums climbed to $434 million from $300.4 million a year ago, reflecting higher business volumes and the expanded footprint following the Apollo consolidation. Underwriting fee income of $10.1 million also contributed to the quarter’s top-line mix, tied to Apollo’s managing agency activities.
Net investment income increased to $27.1 million from $19.4 million a year ago, driven by the addition of the Apollo portfolio, a higher yield environment, and a larger invested asset base.
Skyward Group’s Underwriting Mix Drove Growth
Within Skyward Group’s U.S. specialty operations, several underwriting divisions posted notable momentum. Accident & Health gross written premiums increased 45.7% year over year, Credit & Surety rose 42.5%, Global Agriculture advanced 27.0%, and Specialty Programs jumped 51.2%, helping offset declines in Energy Solutions and Global Property.
The portfolio’s evolving composition also reflected a sharper emphasis on businesses positioned for steadier growth. Management highlighted continued diversification, including expansion in areas with lower exposure to property-and-casualty underwriting cycles, as it aims to sustain disciplined top-line and bottom-line progress.
SKWD’s Expenses
Losses and loss adjustment expenses were $265.22 million, up from $187.31 million in the prior-year quarter, in line with the larger premium base. Still, the total loss ratio improved to 61.1% from 62.4% a year ago, supporting underwriting profitability despite business-mix shifts within the Skyward Specialty segment. Total Cat loss and LAE of 1.8% declined from 2.2% a year ago.
Story Continues
Underwriting, acquisition and insurance expenses rose to $124.6 million from $86.6 million a year ago, reflecting higher activity levels and a larger operating platform. On the ratio side, net policy acquisition costs improved to 13.9% from 14.8% in the year-ago quarter, pointing to operating leverage as premium volume expanded.
The combined ratio of 89.5% decreased from 90.5% a year ago.
SKWD’s Financials (As of March 31, 2026)
On the balance sheet, cash and cash equivalentsrose to $255.9 million at first-quarter end, from $168.5 million at 2025-end. Total assets reached $6.55 billion as of March 31, 2026, up from $4.79 billion at 2025-end.
Notes payable jumped to $466.4 million from $100.4 million at 2025-end.
Book value per share of $27.50 in the first quarter increased from $24.92 a year ago.
Skyward Specialty currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
How Did Other Insurers Perform?
Companies like The Hartford Insurance Group, Inc. HIG, RenaissanceRe Holdings Ltd. RNR and The Allstate Corporation ALL have also reported earnings for the March quarter. Here’s how they have performed:
Hartford posted first-quarter 2026 core earnings per share of $3.09, up 40.5% from $2.20 in the prior-year quarter, but missed the Zacks Consensus Estimate of $3.29. Less favorable prior-year reserve development, higher expenses and pressure in Employee Benefits affected results. The negatives were partially offset by high demand for expensive risk events, stronger investment income and a massive turnaround in Hartford’s Personal Insurance.
RenaissanceRe reported first-quarter 2026 operating income of $13.75 per share, which surpassed the Zacks Consensus Estimate by 24.2% and improved from the year-ago quarter’s operating loss of $1.49. The quarterly earnings were aided by a decline in expenses and strong underwriting performance in both segments. RenaissanceRe’s improved combined ratio and fee income also contributed to the upside.
Allstate reported a first-quarter 2026 adjusted net income of $10.65 per share, which outpaced the consensus estimate by 43.3% and surged 201.7% year over year.Results were driven by higher property and casualty insurance premiums, improved net investment income and lower catastrophe losses. Lower expenses and strong underwriting performance further aided Allstate’s results.
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- Blue Owl Capital Q1 Earnings Miss on Lower Net Investment Income
May 7, 2026
Blue Owl Capital Corporation OBDC reported first-quarter 2026 adjusted earnings per share (EPS) of 31 cents, which missed the Zacks Consensus Estimate by 11.4%. The bottom line decreased 20.5% year over year.
Total investment income declined 14.6% year over year to $396.8 million. The top line missed the consensus mark by 6.2%.
The weaker-than-expected quarterly results were affected by lower net investment income. However, the downside was partly offset by lower expenses.
Blue Owl Capital Corporation Price, Consensus and EPS SurpriseBlue Owl Capital Corporation Price, Consensus and EPS Surprise
Blue Owl Capital Corporation price-consensus-eps-surprise-chart | Blue Owl Capital Corporation Quote
Key Insights From Q1 Results
Adjusted net investment income of $153 million fell 3% year over year. New investment commitments were $676 million across seven new portfolio companies and 16 existing ones.
Blue Owl Capital ended the first quarter with investments in 230 portfolio companies, backed with an aggregate fair value of $15.3 billion. Based on the fair value, the average investment size in each portfolio company was $66.7 million as of March 31, 2026.
Total expenses decreased 9.4% year over year to $235.2 million in the first quarter due to lower interest expenses and management fees.
OBDC recorded an adjusted net decrease in net assets resulting from operations of $24.4 million, which decreased from the net increase of $159.7 million a year ago.
Financial Update (as of March 31, 2026)
Blue Owl Capital exited the first quarter with a cash balance of $416.1 million, which declined from the 2025-end level of $558.7 million. Total assets of $16 billion decreased from the $17.2 billion figure at 2025-end.
Debt was $8.5 billion, down from the $9.3 billion figure as of Dec. 31, 2025. OBDC had $3.6 billion of undrawn capacity under its credit facilities. At the first-quarter end, net debt to equity was 1.13X.
Net operating cash flow in the first quarter of 2026 was $967.4 million, up from the prior-year figure of $38.9 million.
Q1 Dividend & Repurchase Update
The board of directors at Blue Owl Capital declared a second-quarter 2026 regular dividend of 31 cents per share, to be paid on or before July 15, 2026, to its shareholders of record as of June 30.
Blue Owl Capital announced a new repurchase program (expiring in 18 months from the approval date of Feb. 18, 2025), under which it may purchase shares up to $300 million. The company repurchased shares worth $35 million in the first quarter of 2026.
OBDC’s Zacks Rank
OBDC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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How Did Peers Perform?
Several companies in the Finance space, including RenaissanceRe Holdings Ltd. RNR, AMERISAFE, Inc. AMSF and The Hartford Insurance Group, Inc. HIG, have already reported their financial results for the March quarter of 2026. Here’s how they had performed:
RenaissanceRe reported first-quarter 2026 operating income of $13.75 per share, which surpassed the Zacks Consensus Estimate by 24.2%. The bottom line improved from the year-ago quarter’s operating loss of $1.49 per share. Total operating revenues declined 16.6% year over year to $2.6 billion. The top line missed the consensus mark by 10.6%. RNR’s quarterly earnings were aided by a decline in expenses and strong underwriting performance in both segments. Improved combined ratio and fee income contributed to the upside. However, the upside was partly offset by lower net premiums earned across both segments.
AMERISAFE reported first-quarter 2026 adjusted earnings per share of 50 cents, which missed the Zacks Consensus Estimate of 52 cents. The bottom line declined 16.7% year over year. Operating revenues increased 7.9% year over year to $81.75 million but missed the consensus estimate by 0.9%. AMSF’s quarterly result was affected by higher expenses and weaker underwriting margins, with additional pressure from lower fee income and weaker investment income. Stronger premium growth partially offsets the downside.
Hartford posted first-quarter fiscal 2026 core earnings per share of $3.09, up 40.5% from $2.20 in the prior-year quarter. The figure missed the Zacks Consensus Estimate of $3.29 by 6.1%. Operating revenues totaled $5.09 billion, up 7% year over year, but missed the consensus mark by 2.1%. HIG’s weaker-than-expected results were caused by less favorable prior-year reserve development, higher expenses and pressure in Employee Benefits. The negatives were partially offset by high demand for expensive risk events, stronger investment income and a massive turnaround in Personal Insurance.
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This article originally published on Zacks Investment Research (zacks.com).
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- RenaissanceRe Holdings Ltd. Announces Board of Directors Changes, Declares Quarterly Dividend and Approves Renewal of Share Repurchase Program
May 6, 2026
PEMBROKE, Bermuda, May 06, 2026--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) ("RenaissanceRe" or the "Company") today announced the following:
Existing director, Henry Klehm III has been appointed Non-Executive Chair of the Board of Directors, succeeding James L. Gibbons in the role. Mr. Gibbons will continue to serve as an independent director of the Company and member of the Audit Committee. Stephen C. Hooley has been elected to serve as an independent director of the Company, succeeding David C. Bushnell who is retiring from the Board after 18 years of distinguished service. The Board of Directors has declared a quarterly dividend of $0.41 per common share on its common shares, payable on June 30, 2026, to shareholders of record on June 15, 2026. The Board of Directors has approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the total current authorization up to $750.0 million, which includes the remaining amounts under prior authorizations. 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.
Kevin J. O’Donnell, Chief Executive Officer, said, "I want to thank James for his exceptional leadership as Non-Executive Chair over the past decade. His guidance has been invaluable as we navigated a period of significant strategic growth and transformation. I look forward to the leadership that Henry will bring as Chair given his deep expertise in risk, compliance and corporate governance."
Mr. O’Donnell continued, "I also want to thank David for his 18 years of distinguished service across all three Board committees. His insight and judgment in finance, capital markets, risk management, operations, and investments have made a lasting impact on RenaissanceRe. At the same time, we are pleased to welcome Stephen to the Board and look forward to the perspective that he will bring from his leadership experience in technology and financial services."
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, and headquartered in Bermuda, RenaissanceRe has offices across North America, Europe, and the Asia-Pacific region.
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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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260506037309/en/
Contacts
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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- RenaissanceRe Holdings Ltd. Announces Board of Directors Changes, Declares Quarterly Dividend and Approves Renewal of Share Repurchase Program
May 6, 2026 · businesswire.com
PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the “Company”) today announced the following: Existing director, Henry Klehm III has been appointed Non-Executive Chair of the Board of Directors, succeeding James L. Gibbons in the role. Mr. Gibbons will continue to serve as an independent director of the Company and member of the Audit Committee. Stephen C. Hooley has been elected to serve as an independent director of the Company, succeeding David.
