• RenaissanceRe Holdings average return on tangible equity for 2023 was 15.02, a 195.24% increase from 2022.
• RenaissanceRe Holdings average return on tangible equity for 2022 was -15.77, a 713.62% decline from 2021.
• RenaissanceRe Holdings average return on tangible equity for 2021 was 2.57, a 70.76% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.