Sompo International Holdings Ltd., a specialty provider of property, casualty, and specialty re/insurance, reported an adjusted profit of $1.7 billion for full year 2025, up 69% from $1.0 billion in FY’24, while its discounted combined ratio (CoR) improved to 82.1% from 90.6%.
The company said the improved CoR was driven by a lower loss ratio, lower-than-normal catastrophe activity, and the impact of discounting.
The loss ratio declined to 54.4% from 62.2%, while the expense ratio fell to 27.7% from 28.4%.
In FY’25, the undiscounted COR improved to 93% from 100.1% in FY’24.
Sompo International’s Global Reinsurance CoR improved by 19.9 points, supported by strong Property & Catastrophe performance. Commercial Insurance CoR improved by 4.3 points, mainly due to improvements in Property & Catastrophe and Casualty, while Consumer CoR improved by 10.3 points, driven by stronger Motor and Property & Catastrophe performance.
Revenues increased 10.8% to $16.1 billion from $14.5 billion, driven by strong growth across segments.
Global Reinsurance revenue grew 8.8%, driven by strong renewals in Casualty. Commercial Insurance revenue increased 9.2%, led by Casualty and Professional Lines, while Consumer Insurance revenue rose 30.8%, primarily driven by strong growth in Turkey Motor and Property & Catastrophe.
Net investment income rose 16% to $1.6 billion from $1.4 billion due to growth in assets under management and resilient yields globally.
