An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally.
VERDICT
The label
Markup
read at $323.49
RenaissanceRe Holdings Ltd holds its Markup at $323.49.
PHPhase · the trend structure carries the Markup label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · does not pass the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-08-06
Phase
Markup
Quantitative state
The statistical read favours the sellers, held for 17 days
Price
$323.49
Valuation
5.61 trailing · 7.89 forward price to earnings
Values screen
FAIL· score 30.0
Beta
0.17
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$323.49
5.61 P/E · 7.89 fwd
Our fair value
$355.00
10% discount
Analyst target (avg)
$341.00
+5% to current
Target low $304.00Analyst target rangeTarget high $438.00
▲ current $323.49 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$323.49
you are here
Conservative
$328.00
+1%
Analyst avg
$341.00
+5%
Our fair value
$355.00
+10%
Analyst high
$438.00
+35%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Revenue growth
-13.20%
Profit margin
23.58%
Debt to equity
12.21
Analyst consensus
Hold · 15 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:
The common standard· AAOIFI Used by most halal investing apps✗ DOES NOT PASS
Our stricter standard· asset-based The one Titan applies✗ DOES NOT PASS
Why it fails. The problem is its excluded industry: insurance - reinsurance. Because both standards agree on this, it is a clear exclusion, not a borderline case.
Business activityExcluded industry: Insurance - ReinsuranceFail
Debt loadInterest-bearing debt is of its assets, above the one-third ceiling the screen allows.Fail
Interest-bearing cashInterest-bearing cash and securities are of assets, above the one-third limit.Fail
ReceivablesMoney owed to the company is of assets, above the 49% limit.Fail
Revenue purity of revenue comes from non-compliant sources, over the 5% line.Fail
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Reinsurance looks cheap until ethics get involved
When a hurricane hits Florida or a wildfire tears through California, the bill eventually lands with firms like this one. RenaissanceRe sits in that chain, taking premiums today and paying out when disasters strike. The numbers show a forward P/E of 7.9x and a 23 percent ROE, yet revenue fell 37 percent last year.
We pass. The ethical screen rules out reinsurance outright, and no valuation discount changes that stance. Narrow moat, hold-rated by analysts and a slim margin of safety do not outweigh the industry exclusion.
Cyclical earnings can look attractive on low multiples right before claims spike, and Bermuda domicile adds another layer of regulatory and tax uncertainty. The market is not mispricing the business so much as correctly tagging the structural risks.
Screened names in the same industry · explore each on its own page.
TRADER
The trader read · the latest dated commentary
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 7.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (15 analysts) rates it hold, with a mean price target of $325. Entered 2026-08-11 · Markup
JOURNAL
The dated journal · newest first, never edited
2026-08-11Markup · changed$323.49+7.5%Entry 4
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 7.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (15 analysts) rates it hold, with a mean price target of $325.
2026-07-18Markdown$300.88+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (15 analysts) rates it hold, with a mean price target of $325.
2026-07-03Markdown$300.88+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markdown$300.88Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$295.95
+0.2%
·
$1,002
+0.2%
2 months
$303.03
-2.2%
·
$978
-2.2%
3 months
$290.95
+1.9%
$0.41
$1,020
+2.0%
6 months
$270.01
+9.8%
$0.41
$1,099
+9.9%
1 year
$242.17
+22.4%
$1.21
$1,229
+22.9%
2 years
$225.44
+31.5%
$2.78
$1,327
+32.7%
3 years
$188.95
+56.9%
$4.31
$1,592
+59.2%
5 years
$145.30
+104.0%
$7.25
$2,090
+109.0%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever RNR does next, these words stay.
RenaissanceRe Holdings Ltd · RNR · Markup · $323.49
Recorded 2026-08-06 · before the outcome · scored mechanically
