RenaissanceRe Holdings Ltd. Announces Twenty-Second Consecutive Annual Increase in Quarterly
Dividend
Board of Directors Approves Share Repurchase Program up to an Aggregate of $500 million
The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE:RNR) today voted to increase the Company’s quarterly dividend to
$0.32 per common share, from $0.31 per common share.
The Company has increased its dividend during each of the twenty-two years since its initial public offering. The dividend is
payable on March 31, 2017 to shareholders of record on March 15, 2017.
In addition, the Board of Directors approved an increase in RenaissanceRe's share repurchase program, bringing the total current
authorization to $500 million. This authorization includes the remaining amounts available under prior authorizations. Under this
program, RenaissanceRe may repurchase shares of its common stock in the open market based on, among other things, its ongoing
capital requirements and expected cash flows, and the market price of its common shares. The repurchase program does not have an
established expiration date.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company’s business consists of two reportable
segments: (1) Property, which is comprised of catastrophe reinsurance, including certain property catastrophe joint ventures
managed by our ventures unit, and other property reinsurance and insurance and (2) Casualty and Specialty, which is comprised of
casualty and specialty reinsurance and insurance and certain specialty joint ventures managed by our ventures unit.
Investors:
RenaissanceRe Holdings Ltd.
Aditya Dutt, 441-239-4778
Senior Vice President
or
Media:
RenaissanceRe Holdings Ltd.
Elizabeth Tillman, 212-238-9224
Director – Communications
or
Kekst and Company
Peter Hill or Dawn Dover, 212-521-4800
View source version on businesswire.com: http://www.businesswire.com/news/home/20170222006329/en/