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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 June 2021, the running total is: US $37.381 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's4,955.531/03/2021
Swiss Re4,49330/04/2021
Munich Re4,46906/05/2021
AXA1,83004/05/2021
Hannover Re1,631.305/05/2021
Allianz1,57612/05/2021
Berkshire Hathaway1,40101/05/2021
Chubb1,37827/04/2021
AIG1,13306/05/2021
Insurance Australia Group (IAG)88420/11/2020
SCOR883.128/04/2021
Zurich (P&C only)82112/05/2021
QBE78505/05/2021
The Hartford72822/04/2021
Fairfax Financial Holdings682.629/04/2021
Liberty Mutual68006/05/2021
MS&AD (incl. MS Amlin)605.820/05/2021
Mobiliar579.413/04/2021
Mapfre575.729/04/2021
Everest Re51128/04/2021
Hiscox47505/05/2021
Alleghany (TransRe)43306/05/2021
Partner Re40911/05/2021
Markel37929/04/2021
RSA360.407/05/2021
AXIS Capital36014/04/2021
RenaissanceRe35229/04/2021
Beazley34013/05/2021
Tokio Marine (domestic & int.)33120/05/2021
Legal & General28010/03/2021
Arch Capital Group272.627/04/2021
Generali256.718/05/2021
Travelers25020/04/2021
Talanx (excl. Hannover Re)207.106/05/2021
CNA19503/05/2021
W. R. Berkley192.720/04/2021
Sirius19210/05/2021
Aspen181.231/03/2021
Suncorp164.509/02/2021
QIC Group14116/02/2021
Aviva138.404/03/2021
Helvetia103.825/03/2021
American Financial Group9503/02/2021
Cincinnati Financial84.428/04/2021
Enstar (StarStone & Atrium)81.807/05/2021
Baloise77.609/03/2021
ARGO Group77.221/04/2021
CCR Re5914/04/2021
SiriusPoint (old Third Point Re)49.510/05/2021
Fidelis4815/03/2021
Lancashire Holdings4229/04/2021
Sompo (domestic & int.)36.820/05/2021
Selective Insurance Group33.829/01/2021
Trygg22.816/04/2021
RLI Corp.22.321/04/2021
The Hanover1930/04/2021
ProAssurance1022/02/2021
Watford Re5.209/02/2021
Total:$37.381bn

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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