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COVID-19 insurer & reinsurer loss reports

COVID-19 loss reports and reserves reported by insurance or reinsurance companies

This table documents publicly reported COVID-19 pandemic-related losses, IBNR reserves and estimates from insurance and reinsurance companies.

The data was originally collected by Zurich-based financial services advisory PeriStrat LLC, operated by Hans-Joachim Guenther, and has now been augmented and updated where we can by Reinsurance News.

As insurance and reinsurance companies report new totals for their estimates of actual losses caused by the COVID-19 coronavirus pandemic, and their loss reserve setting, we will update this list and the running total.

As of October 20th, 2020, the running total is: US $23.3 billion

Read all of our reinsurance news coverage related to the COVID-19 coronavirus pandemic here.

CompanyCOVID-19 loss & reserves estimate ($m)Last updated DD/MM/YYYY
Lloyd's3,90510/09/2020
Swiss Re2,50022/07/2020
Munich Re2,72620/10/2020
AXA1,47006/08/2020
Allianz1,41505/08/2020
Chubb1,37006/07/2020
Zurich75013/08/2020
AIG73003/08/2020
Hannover Re70505/08/2020
QBE60022/07/2020
Berkshire Hathaway57508/08/2020
SCOR53023/07/2020
Liberty Mutual52905/08/2020
Fairfax Financial Holdings392.430/07/2020
Partner Re33828/07/2020
Markel32528/07/2020
Everest Re31023/07/2020
The Hartford30115/07/2020
Alleghany (TransRe)28804/08/2020
Talanx (excl. Hannover Re)26312/08/2020
Arch Capital Group272.614/10/2020
AXIS Capital23528/07/2020
Hiscox23203/08/2020
Aviva214.606/08/2020
CNA19715/07/2020
Aspen187.304/09/2020
Mapfre Re18024/07/2020
Beazley17023/07/2020
Generali (P&C only)16330/07/2020
Sirius15306/08/2020
W. R. Berkley15010/07/2020
MS Amlin11007/08/2020
Legal & General10505/08/2020
QIC Group10426/07/2020
RenaissanceRe103.828/07/2020
Travelers8623/07/2020
RSA7530/07/2020
Insurance Australia Group (IAG)7124/07/2020
Cincinnati Financial6514/07/2020
Suncorp6221/08/2020
CCR Re56.509/09/2020
Tokio Marine HCC47.307/08/2020
Sompo International4707/08/2020
Enstar (StarStone)46.910/08/2020
ARGO Group43.603/08/2020
Lancashire Holdings4229/07/2020
Selective Insurance Group28.929/07/2020
Third Point Re19.407/08/2020
The Hanover1928/07/2020
RLI Corp.622/07/2020
Watford Re5.229/07/2020
Total:$23.3bn

Notes:

  1. Where we can, these Covid-19 insurance and reinsurance loss estimates are taken net of reinsurance recoveries. However some companies do not disclose the effects of reinsurance, meaning we cannot always report the net claims.
  2. Figures can overlap. Reported COVID-19 losses of insurers might also be reflected in reinsurance company reported losses due to protection agreements.
  3. Lloyd’s published a range. Figure above reflects the mid-point. Plus, H1 2020 net numbers include a forward-looking statement about losses of UDS780m to come; overall 40% reinsurance recovery is assumed.
  4. Some companies’ reported losses might overlap with Lloyd’s market number as these re/insurers operate at Lloyd’s as well as internationally, e.g. Hiscox, Beazley, ARGO etc.
  5. Note: FM Global has been removed as they did not report any loss estimate and the total limit of communicable disease coverage did not compare well with loss estimates published by the rest of the market.
  6. Generali: net effect from loss provisions, net investment income drop but offset by lower general claims fq, excl. EUR 100m Extraordinary International Fund for the pandemic emergency.
  7. Aviva: said that 63% of Covid-19 gross loss will be recovered from reinsurers. The loss estimate above considers the net loss only.
  8. QBE: H1 2020 numbers include forward- looking statements about potential further Covid-19 losses of about USD 265m.

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