Enhanced Investments - Financial Portal

General information

Renaissance Insurance is one of the largest independent insurers in Russia. The number of customers exceeds 4 million. The company takes first place in the online segment

Pretty weak financial results growth rate 7.8% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (29.6%)
Dividend yield for the last twelve months 8.9%
Share price is 156.3% higher than minimum and 18.9% lower than maximum for the last 3 years
The company is overvalued by P/E LTM multiple compared to target level (5.3x vs
)
Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: RENI

Share price, RUB: (-1.0%)111.94

year average price 114.23

year start price 94.12 2024-09-16

min close price 91.96 2024-10-28

max close price 138.00 2025-03-25

current price 113.42 2025-09-15

Common stocks: 556 950 000

Dividend Yield: 8.9%

P / E LTM: 5.3x

P / E annualized: 7.4x

Last revenue growth (y/y): 28.1%

Last growth of Net Income (y/y): -12.5%

Historical revenue growth: 22.2%

Historical growth of Net Income: 36.9%

Target P/E (hist percentile):

Fundamental value created in LTM:

Потенциал с учетом ускорения/замедления

	Mult Upside	-7.9%
	FCF Creation	0.0%
	Growth	+7.8%
	Growth Corr	-21.8%

	Sum	-21.8%

P/E mutiple calculation

Market Cap (m RUB): 62 345

Net Profit (m RUB): 11 800

P / E LTM: 5.3x

Average daily trading volume for the week, RUB mln: 143

P / E 6.2x

P / E ann-d5.1x

P / B 1.2x

Рассчитаны в тестовом режиме, annualized:

ROE (Return on equity) 24.2%

ROA (Return on assets) 4.2%

Revenue and Net Income

Quarterly values (m RUB)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM Net Income and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

MSFO data *The values are shown in mln RUB The % change shows the difference from the same period last year

View as Pivot Table Export as Pivot Table (xlsx)

Income (financial)

формула расчета Revenue = PercentIncomeNet + CommissionIncome

Q	PercentIncome	PercentExpense	PercentIncomeNet	ReserveForCreditLoss	PercentIncomeNetAfterReserve	CommissionIncome	Revenue	CommissionExpense	CommissionIncomeNet	OperationsWithFinancialInstruments	OtherOperatingIncomeNet	IncomeNonCoreNet	AdministrativeExpense	IncomeBeforeTax	IncomeTax	IncomeNet	IncomeNetRegular	IncomeNetIrregular


2024 q4	2 480+106%	-53-12%	2 427+112%	-10 163+20%	-7 736+5%	2 427+112%	839>+200%	725-69%	-3 713+43%	2 865-2%		3 063+35%	2 196-2%	868>+200%
2024 q3	2 480+106%	-53-12%	2 427+112%	-10 163+20%	-7 736+5%	2 427+112%	839>+200%	725-69%	-3 713+43%	2 865-2%		3 063+35%	2 196-2%	868>+200%
2024 q2	1 844+142%	-65+70%	1 779+145%	-6 212-13%	-4 434-31%	1 779+145%	204+120%	-291-50%	-3 229+54%	2 331-47%	-389-55%	1 942-45%	1 772-48%	170+128%
2024 q1	1 844	-65	1 779	-6 212	-4 434	1 779	204	-291	-3 229	2 331	-389	1 942	1 772	170
2023 q4 ( 7726 , 8922 )	1 205	-60	1 145	-8 494	-7 349	1 145	54	2 350	-2 600	2 910	-639	2 272	2 229	42
2023 q3	1 205	-60	1 145	-8 494	-7 349	1 145	54	2 350	-2 600	2 910	-639	2 272	2 229	42
2023 q2 ( 3249 , 6921 )	763	-38	725	-7 136	-6 411	725	93	-584	-2 096	4 373	-860	3 513	3 438	75
2021 q4		-122+34%		-4 101-36%			1 163+70%	-335<-100%	-2 038+14%	875-44%	-55-81%	819-35%	-150<-100%	942+76%
2021 q3		-122+34%		-4 101-36%			1 163+70%	-335<-100%	-2 038+14%	875-44%	-55-81%	819-35%	-150<-100%	942+76%
2021 q2		-97+4%		-4 840+21%			634+25%	-329-60%	-1 725+22%	842-16%	-134-18%	708-16%	175-57%	533+11%
2021 q1		-97+3%		-4 840+21%			634+9%	-329+108%	-1 725+18%	842-22%	-134-29%	708-20%	175-57%	533+11%
2020 q4		-91-73%		-6 373-62%			683-71%	105<-100%	-1 794-72%	1 555-70%	-291-73%	1 264-70%	634-72%	536-72%
2020 q3		-91-73%		-6 373-62%			683-71%	105<-100%	-1 794-72%	1 555-70%	-291-73%	1 264-70%	634-72%	536-72%
2020 q2		-94+12%		-3 996+61%			506+2%	-823>+200%	-1 417-9%	1 008-24%	-164-39%	844-20%	407	481
2020 q1		-94		-3 996			582	-158	-1 468	1 075	-187	887	407	481
2019 q4		-337>+200%		-16 900>+200%			2 394>+200%	-1 473+45%	-6 515>+200%	5 224>+200%	-1 077>+200%	4 147>+200%	2 246>+200%	1 900>+200%
2019 q3		-337>+200%		-16 900>+200%			2 394>+200%	-1 473+45%	-6 515>+200%	5 224>+200%	-1 077>+200%	4 147>+200%	2 246>+200%	1 900>+200%
2019 q2		-84		-2 479			498	-224	-1 552	1 326	-270	1 057
2018 q4		-83-23%		-3 630+86%			494+13%	-1 019-2%	-1 600+31%	1 047+133%	-203+90%	844+146%	446	398
2018 q3		-83		-3 630			494	-1 019	-1 600	1 047	-203	844	446	398
2017 q4		-108		-1 950			435	-1 045	-1 219	450	-106	343

Balance

Q	Total equity	Total assets	PortfolioCredit	PortfolioBonds	Deposits


2024 q4	50 555+17%	289 896+29%	152 865-8%
2024 q3
2024 q2	45 318+4%	238 053+6%	132 637
2024 q1
2023 q4 ( 7726 , 8922 )	43 370	223 937	165 595
2023 q3
2023 q2 ( 3249 , 6921 )	43 370	223 937
2021 q4	50 253+66%	178 729+9%	99 218+3%
2021 q3
2021 q2	31 592+16%	179 347+25%	86 265+11%
2021 q1			3 0530%
2020 q4	30 244+18%	163 674+24%	96 229+44%
2020 q3			3 0510%
2020 q2	27 309+7%	143 840+9%	77 676>+200%
2020 q1			3 046
2019 q4	25 572+18%	131 658+24%	66 895+30%
2019 q3			3 043
2019 q2	25 572	131 658	3 043
2018 q4	21 617+14%	105 801+24%	51 368
2018 q3
2017 q4	18 984	85 559

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2024 q4	8 653+58%	-1 255-31%	-1 547-21%
2024 q3	8 653+58%	-1 255-31%	-1 547-21%
2024 q2	3 063>+200%	-2 507<-100%	-1 085>+200%
2024 q1	3 063	-2 507	-1 085
2023 q4 ( 7726 , 8922 )	5 485	-1 829	-1 950
2023 q3	5 485	-1 829	-1 950
2023 q2 ( 3249 , 6921 )	703	265	-107
2021 q4	1 0760%	-650%	-1330%
2021 q3	1 0760%	-650%	-1330%
2021 q2	6640%	-3090%	1560%
2021 q1	6640%	-3090%	1560%
2020 q4	1 076-88%	-65-99%	-133<-100%
2020 q3	1 076-88%	-65-99%	-133<-100%
2020 q2	664-39%	-309-88%	156<-100%
2020 q1	664	-309	156
2019 q4	8 973-50%	-6 375-70%	272<-100%
2019 q3	8 973-50%	-6 375-70%	272<-100%
2019 q2	1 082	-2 524	-163
2018 q4	18 079+191%	-21 126>+200%	-1 528<-100%
2018 q3	18 079	-21 126	-1 528
2017 q4	6 209	-4 040	7 883

RSBU data *The values are shown in mln RUB The % change shows the difference from the same period last year

View as Pivot Table Export as Pivot Table (xlsx)

Income

Q	Revenue	Net income


2025 q2		133 257 856<-100%
2025 q1		166 169 615+18%
2024 q4
2024 q3		429 109 310+54%
2024 q2		-138 728 655
2024 q1		141 019 427
2023 q4 ( 7713 , 8921 )		180 918 053<-100%
2023 q3		277 868 142
2023 q2
2023 q1
2022 q4		-53 332 671

Balance

Q	Total equity	Total assets	PortfolioCredit	PortfolioBonds	Deposits


2025 q2
2025 q1
2024 q4
2024 q3
2024 q2
2024 q1
2023 q4 ( 7713 , 8921 )
2023 q3
2023 q2
2023 q1
2022 q4

More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.