RenaissanceRe Holdings Ltd. RNR has been in investors’ good books on the back of solid segmental contributions and an encouraging solvency level.Here we discuss the reasons for retaining this currently Zacks Rank #3 (Hold) company in your investment portfolio.The company is witnessing a continued positive trend in gross premiums written, which has doubled over a span of five years, driven by premium growth at both its Casualty and Specialty plus Property segments. This upside is quite obvious from its five-year CAGR (2014 to 2020) of 24.6%, primarily led by strong segmental results.In 2020, gross premiums written improved 20.8% year over year to $5.8 billion. This consistent growth in premiums is likely to drive the top line further for RenaissanceRe. In 2021, the company remains optimistic about driving its Casualty and Specialty segment’s gross written premiums by 17.9% from the 2020 figure. It expects net premiums to grow around $1 billion this year.The company also took initiatives to streamline its business by getting rid of low-return high-risk businesses.Additionally, it is buying units to expand business. In March 2019, it purchased Tokio Millennium Re for a deal value of $1.5 billion to increase the business scale and strengthen its portfolio.Its solvency level impresses as well. Its free cash flow, which rose over the last few years, reflects its solid capital position. Total debt of the company represents 13.1% of its capital, lower than the industry’s average of 20.6%. Its times interest earned stands at 20.7X, higher than the industry's average of 14.4X. As of Dec 31, 2020, it had cash and cash equivalents worth $1.7 billion, higher than its debt level of $1.1 billion.However, being a property and casualty insurer, it is always exposed to cat activities, the occurrence of which imparts volatility to its results.In the past year, shares of this currently Zacks Rank #3 (Hold) have gained 31%, underperforming its industry's growth of 42.2%.The stock movement looks better than the price performance of other companies in the same space, namely Axis Capital Holdings Limited AXS, First American Financial Corporation FAF and Selective Insurance Group, Inc. SIGI, which have also surged 37.2%, 43.7% and 57.6%, respectively, over the same time frame. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Bitcoin, Like the Internet Itself, Could Change EverythingBlockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.See 3 crypto-related stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RenaissanceRe Holdings Ltd. (RNR): Free Stock Analysis Report Axis Capital Holdings Limited (AXS): Free Stock Analysis Report First American Financial Corporation (FAF): Free Stock Analysis Report Selective Insurance Group, Inc. (SIGI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research