RenaissanceRe: Investment Grade Preferred Equity Yields Almost 7%
RenaissanceRe Holdings Ltd. reported strong first-quarter earnings, highlighting a net income of $285 million for common shareholders. The company also achieved a 22% annualized operating return on equity. Investors are encouraged to consider both the common stock and preferred shares, which yield nearly 7%.
- ▪RenaissanceRe reported a net income of $285 million for common shareholders in Q1.
- ▪The company achieved a 22% annualized operating return on equity.
- ▪Preferred shares yield almost 7%, making them an attractive investment option.
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