RenaissanceRe Holdings has reported a net income available to common shareholders of $210.2m or $3.66 per diluted common share in the second quarter of 2010, compared to $271.2m or $4.32 per diluted common share for the second quarter of 2009.

The total revenues reported for the second quarter of 2010 was $423.89m, compared to $508.78m for the same quarter of the previous year.

Operating income available to common shareholders was $139.9m or $2.40 per diluted common share in the second quarter of 2010, compared to $254.1m or $4.05 per diluted common share for the second quarter of 2009.

Net premiums written for the second quarter of 2010 was $552.56m, compared to $631.37m for the second quarter of 2009.

Neill Currie, CEO RenaissanceRe, said: I am pleased to report another good quarter with an annualized operating return on average common equity of 18% and growth in book value per share of almost 6%. We generated strong underwriting profits, had a successful June 1st renewal season, and have underwritten an attractive portfolio of risks. We actively managed our capital during the quarter and remain committed to generating superior returns for our shareholders.