RenaissanceRe on the up

    RenaissanceRe reported net income of $50.6 million for the quarter ended December 31, 2001 – an increase of 33.9 per cent compared with the same period of 2000.
    Revenues went up by 17.7 per cent from $104.9 million to $123.4 million, while expenses fell by 13 per cent from $65.6 million to $57.1 million. Operating earnings per common share grew to $2.07 in the fourth quarter, from $1.79 per common share in Q4 of the previous year.