COMP <GO>

BNT vs RNR // GROSS PROFIT MARGIN

Brookfield Wealth Solutions Ltd. Class A Exchangeable Limited Voting Shares (NYSE) VS. RenaissanceRe Holdings Ltd. (NYSE) • 15-METRIC TALLY: BNT 1 — RNR 5

■ METRIC PARITY

BNT — Brookfield Wealth Solutions Ltd. Class A Exchangeable Limited Voting Shares ROARABLE D • RQD 47/100

LAST: $41.34 (+5.43%) • MKT CAP: $13.25B

DES <GO> FA <GO> 10-K RED <GO>

gross-margins

—

RNR — RenaissanceRe Holdings Ltd. ROARABLE B • RQD 75/100

LAST: $350.94 (+3.42%) • MKT CAP: $13.71B

DES <GO> FA <GO> 10-K RED <GO>

gross-margins

—

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BNT VS. RNR) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	BNT	RNR	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin ACTIVE	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	10.60%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	7.0x	—	TIE	/valuation <GO>
Free Cash Flow Yield	19.60%	22.00%	-2.40	RNR	/fcf-yield <GO>
Operating Margin	—	25.50%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	20.90%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	-17.50%	9.90%	-27.40	RNR	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.55%	-0.55	RNR	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	8/9	-6.00	RNR	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	61.5	50.1	+11.40	BNT	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.10	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	4.7x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$13.25B	$13.71B	-$458.1M	RNR	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	BNT REV	RNR REV	BNT GROSS %	RNR GROSS %	BNT FCF	RNR FCF
FY 2025	$11.63B	$12.85B	—	—	$2.61B	$3.11B
FY 2024	$14.10B	$11.70B	—	—	$4.57B	$3.64B
FY 2023	$6.91B	$9.13B	—	—	$1.51B	$1.50B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

BNT // BETA —

RNR // BETA 1.10