Brit Insurance has disclosed its results for 2025, highlighting profits for the year of $651.8m, an increase of 36.2% from 2024, while insurance premiums written expanded to $3.09bn from $2.98bn.
Brit also reported a return on net tangible assets of 28.8% for 2025, up from 25.8% in 2024.
The combined ratio after discounting in 2025 was 81.9%, an increase from the 75.7% reported in 2024, with an undiscounted combined ratio of 89.3%.
Meanwhile, Brit’s insurance service result came in at $446.2m, compared with $557m in 2024, though investment return improved markedly to $586.5m from $272.3m in 2024.
The firm’s capital position also remained strong in 2025, with a surplus over management capital requirements of $1.52bn, or 175.2%, after dividend payments of $236m during the year.
It is worth noting that these are the first set of annual results of the reconstituted Brit, following the separation of Ki Financial Limited on 1 January 2025.
Martin Thompson, Group Chief Executive Officer, commented, “Although our results reflect the relatively benign loss environment in 2025, the unprecedented LA wildfires at the start of the year were another reminder that catastrophe exposure isn’t defined solely by windstorms in the second half.
“They also reinforced the importance of thoughtful portfolio construction, diversification and aggregation management and a diligent and efficient claims service to enable customers to get back on their feet when they need us most.
“Against the backdrop of a shifting market environment, we have continued to focus on building our position and reputation as a lead market. We lead on most of our business and are committed to strengthening and broadening our leadership capabilities at Lloyd’s.
“Across our core classes we are setting price and terms and, with support from our excellent Claims team, constantly improving our proposition to the market. While 2025 saw increasing pressure on both rate and terms, we still believe attractive margins remain in many lines, and this is where we are choosing to deploy our capital and grow.
“I am pleased with how we executed against our plan to expand our presence in Bermuda this year. Through Brit Re we are building a long-term Bermudian reinsurance platform [with meaningful scale].
“The platform is giving us access to business and talent outside of London while benefitting from the Brit brand and our deep underwriting expertise. The team in Bermuda have delivered a strong result in 2025 and we look forward to continuing the development of the platform in 2026 and beyond.
“We continue to invest in our ability to equip our people with the tools they need to compete and win. This year we have made further strides in how we use data whilst upgrading our company-wide AI literacy, our underwriting platform and the sophistication of our pricing tools.
“Looking ahead to 2026, our strategy remains unchanged. Our aspiration for the Group is to be a long-term winner at Lloyd’s, supported by our clear strategic focus on lead underwriting and sustainable profitability.
“We are fortunate to have our ownership with Fairfax, which allows us to have a long-term mindset.
“In the near term, we remain focused on managing the cycle and delivering against our objectives, against the backdrop of a market which continues to become more competitive and challenging.
“Our success is underpinned by our unique culture. I am proud of how this sees Brit strive for excellence in everything we do and would like to thank everyone at Brit for their hard work in delivering these results.’
