• Return to Headlines

Top 5 Companies in the Reinsurance Industry With the Highest Forward P/E Ratio (Y, RNR, RGA, RE, TPRE)

By Amy Schwartz

Below are the three companies in the Reinsurance industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Alleghany Corp ranks highest with a a forward P/E ratio of 17.26. Following is Renaissancere with a a forward P/E ratio of 13.26. Reinsurance Grou ranks third highest with a a forward P/E ratio of 10.62.

Everest Re Group follows with a a forward P/E ratio of 9.26, and Third Point Rein rounds out the top five with a a forward P/E ratio of 4.91.

SmarTrend recommended that subscribers consider buying shares of Third Point Rein on January 16th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $10.32. Since that recommendation, shares of Third Point Rein have risen 7.5%. We continue to monitor Third Point Rein for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio alleghany corp renaissancere reinsurance grou everest re group third point rein

Ticker(s): Y RNR RGA RE TPRE