RenaissanceRe Holdings Ltd. (NYSE:RNR) Q3 2023 Earnings Call Transcript November 2, 2023 11:00 AM ET

Company Participants

Keith McCue - SVP, Finance & IR

Kevin O'Donnell - President, CEO & Director

Robert Qutub - EVP & CFO

Conference Call Participants

Elyse Greenspan - Wells Fargo Securities

Yaron Kinar - Jefferies

Joshua Shanker - Bank of America

Meyer Shields - KBW

Alex Scott - Goldman Sachs

Brian Meredith - UBS

Operator

Good morning. My name is Chelsea, and I will be your conference operator today. At this time, I would like to welcome everyone to the RenaissanceRe Third Quarter 2023 Earnings Conference Call and Webcast. After the prepared remarks, we will open the call for your questions. Instructions will be given at that time. [Operator Instructions] Thank you.

And I will now turn the call over to Keith McCue, Senior Vice President of Finance and Investor Relations. Please go ahead.

Keith McCue

Thank you, Chelsea. Good morning, and welcome to RenaissanceRe's third quarter 2023 earnings conference call. Joining me today to discuss our results are Kevin O'Donnell, President and Chief Executive Officer; and Bob Qutub, Executive Vice President and Chief Financial Officer.

First some housekeeping matters. Our discussion today will include forward-looking statements, including new and updated expectations for our business and results of operations following the Validus transaction. It's important to note that actual results may differ materially from the expectations shared today. Additional information regarding the factors shaping these outcomes can be found in our SEC filings and in our earnings release.

During today's call, we will also present non-GAAP financial measures. Reconciliations to GAAP metrics and other information concerning non-GAAP measures may be found in our earnings release and financial supplement, which are available on our website at renre.com.

And now, I'd like to turn the call over to Kevin. Kevin?

Kevin O'Donnell

Thanks, Keith. Good morning, everyone, and thank you for joining today's call. I'd like to begin today by highlighting two significant accomplishments. The closing of the Validus acquisition and our overall strong performance in the third quarter. Both are a direct outcome of the disciplined implementation of our strategy. This has provided us the clarity of focus and consistency in execution necessary to seize the many opportunities that have presented themselves this year.

Beginning with Validus, since announcing our planned acquisition in May, many teams have been working diligently across multiple workstreams. Our collective goal has been closing the transaction as quickly as possible. It is a testament to the team's hard work that we were able to get this all done by November 1st. I would like to express my gratitude to everyone at AIG, at Validus and at RenRe who contributed to this outstanding achievement.