MS Amlin Syndicate 2001 has reported strong results (on a UK GAAP basis) for full year 2025, with underwriting profits increasing 50.2% to $350 million from $233 million in 2024, reflecting continued improvements in underwriting and risk selection.
Gross written premiums grew 9.6% to $2.88 billion, up from $2.62 billion, while net earned premiums increased 18.5% to $2.39 billion from $2.02 billion, driven by increased trading momentum across most classes despite rate softening in many areas.
In 2025, the combined ratio improved to 85.4%, compared to 88.9% the previous year, demonstrating the stability of the company’s portfolio and the reliability of its strategy to deliver consistent results. The result also outperforms the wider market average by more than 2%.
The attritional loss ratio improved to 42.5% from 43.3%. Likewise, the net claims ratio decreased to 50.0% from 54.9%. Meanwhile, the expense ratio increased slightly due to higher acquisition costs, however, this was partly offset by a reduction in administration costs.
Christiern Dart, CEO of MS Amlin, said, “I’m delighted with our excellent financial performance in 2025. In a year that began so turbulently with the California wildfires and ended with continued geopolitical headwinds, to deliver the profit and combined ratio that we did is testament to the hard work of everyone in the company.
“These results highlight the absolute quality of the business I now have the privilege of leading. The value of our parent company and our place within its international operations places us in an enviable position to continue to build our business over the longer term, as we make greater use of the MSI network to provide more speciality solutions to clients across the globe. This longer-term approach complements our ongoing strategy of leveraging the great strength of the Underwriting and Claims partnership proposition, and it continues to pay dividends with our broker partners.
“The pricing environment declined quite steeply in the second half of the year, and the virtues of working with a (re) insurer with the credentials of MS Amlin were clear to see as brokers looked toward capital and relationships they knew they could rely upon in any oncoming storm. MS Amlin is a safe haven for clients who know their (re)insurer has their back.
“The year ahead will be no less challenging if the first few months are anything to go by, but we’re ready for it, no matter what lies ahead.”
Global re/insurer MS Amlin also recently posted its Q3 2025 results, generating an insurance service profit of £183 million, up 53% year on year, as its combined ratio improved by 2.7 percentage points to 86.1%.
