A group of US property and casualty reinsurers wrote $22.7bn of net premiums during Q1 2022, compared to $17.8bn in the same quarter of the preceding year.
These results have just been released by the Reinsurance Association of America (RAA), which surveyed seventeen property and casualty reinsurers.
The combined ratio for the group was 95.1%, improving from 98.4% for the same period in 2021. The combined ratio is attributable to a 73.3% loss ratio versus 73.9% for the same period in 2021, and a 21.8% expense ratio versus 24.5% for the same period in 2021.
Policyholders’ surplus was $292.2bn, compared to $289.6bn at December 31, 2021.
The RAA also found that net premiums written between the two periods rose over the same period, this sort of increase was not uniform across the companies, with some such as EMC and General Re seeing falls, while others such as Endurance Assurance increase from $536.2m to $3.3bn.
A datasheet from the RAA shows that the firms involved were American Agricultural Insurance, Axis, EMC, Endurance Assurance, Everest, General Re, Munich Re America, National Indemnity, Odyssey Group, Partner, Renaissance, SCOR US, SiriusPoint American, Swiss Re, Toa, Transatlantic, and XL.
