RenaissanceRe boosts share repurchase program to $750M

RenaissanceRe (RNR) announced a quarterly dividend of 39c 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 approved a renewal of RenaissanceRe’s authorized share repurchase program, increasing the total current authorization to $750M, which includes the remaining amounts under prior authorizations. This represents a 50.0% increase from RenaissanceRe’s previous share repurchase authorization of $500M. The program will expire when the company has repurchased the full value of the shares authorized, unless terminated earlier by the board.