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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 February 2021, the running total is: US $32.962 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
Swiss Re4,35019/02/2021
Munich Re4,102.801/12/2020
Lloyd's3,90510/09/2020
AXA1,75503/11/2020
Allianz1,57619/02/2021
Hannover Re145004/02/2021
Chubb1,37827/10/2020
AIG1,09316/02/2021
Berkshire Hathaway86006/11/2020
Zurich82111/02/2021
QBE78519/02/2021
Fairfax Financial Holdings668.712/02/2021
Insurance Australia Group (IAG)62920/11/2020
SCOR60106/11/2020
Liberty Mutual56505/11/2020
The Hartford51904/02/2021
Everest Re51125/01/2021
MS&AD (incl. MS Amlin)466.812/02/2021
Mapfre444.411/02/2021
Hiscox43515/01/2021
Mobiliar371.811/09/2020
Partner Re36618/11/2020
Markel360.403/02/2021
AXIS Capital36019/01/2021
RenaissanceRe35226/01/2021
Talanx (excl. Hannover Re)35005/02/2021
Beazley34005/02/2021
Alleghany (TransRe)33903/11/2020
Tokio Marine (domestic & int.)32010/02/2021
Arch Capital Group27229/10/2020
Travelers21920/10/2020
Generali (P&C only)21512/11/2020
CNA19502/11/2020
Aspen187.304/09/2020
W. R. Berkley177.726/01/2021
Legal & General16412/11/2020
RSA155.705/11/2020
Sirius15306/08/2020
Suncorp14220/11/2020
QIC Group14116/02/2021
Aviva127.626/11/2020
Helvetia97.715/09/2020
American Financial Group9528/10/2020
Cincinnati Financial84.411/02/2021
ARGO Group73.207/02/2021
Baloise68.427/08/2020
Sompo (domestic & int.)58.812/02/2021
CCR Re56.609/09/2020
Enstar (StarStone & Atrium)46.910/08/2020
Lancashire Holdings4210/02/2021
Third Point Re3505/11/2020
Selective Insurance Group28.929/07/2020
The Hanover1928/07/2020
RLI Corp.17.327/01/2021
ProAssurance1006/11/2020
Watford Re5.229/07/2020
Total:$32.962bn

Notes:

  1. Numbers might overlap as reported losses of insurers might partially be reflected as well in reinsurers’ reported losses due to reinsurance arrangements.
  2. Lloyd’s published in May 2020 a range with a midpoint of USD3.65b; H1 2020 net numbers include a forward-looking statement about losses of UDS780m to come; overall 40% reinsurance recovery is assumed.
  3. Some companies’ reported losses might overlap with Lloyd’s market number as these companies operate at Lloyd’s as well, e.g., Hiscox, Beazley, ARGO etc.
  4. 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.
  5. Aviva: said that 63% of Covid-19 gross loss will be recovered from reinsurers. The loss estimate to the left considers the net loss only.
  6. QBE: H1 2020 numbers include forward-looking statements about potential further Covid-19 losses of about USD 265m.
  7. Talanx numbers are net of Hannover Re’s published numbers to avoid double counting.
  8. Munich Re, Swiss Re, Hannover Re, SCOR, Allianz and Berkshire numbers include L&H loss estimates.
  9. Sompo, Tokio and MS & AD run their financial year from April 1st and number their quarters off-set by 1.

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