Reinsurance News
Results news
News on reinsurance and insurance company quarterly and annual results or reporting. Detailing news on the financial performance of insurance and reinsurance underwriting companies and brokers.
Kemper reports smaller net loss in Q1’23
9th May 2023
Kemper Corporation has reported a net loss of $80.1 million for the first quarter of 2023, compared to a net loss of $86.3 million in Q1 2022. Total revenues for Q1 of 2023 decreased $75.3 million, or 5.5%, to $1,294.8 million, compared to the first quarter of 2022, mostly driven by ... Read the full article
MediaAlpha investment boosts White Mountains’s Q1 results
9th May 2023
Bermuda domiciled financial services holding company White Mountains Insurance Group has reported a “good” first quarter with a comprehensive income of $180 million for the first quarter of 2023, up from $31 million for the same period last year. According to the Group, these Q1 2023 results, as well as Q1 ... Read the full article
Hippo reports 59% YoY growth in total generated premium in Q1’23
9th May 2023
Home insurer Hippo has announced total generated premium (TGP) growth of 59% YoY to $245 million in first-quarter of 2023, compared to $154 million a year ago. At the same time, net earned premium for the quarter was $13.8 million, a shift from $9 million from the prior year’s quarter. In addition, ... Read the full article
Corebridge Financial reports $459m net loss in Q1
9th May 2023
Corebridge Financial has reported a $459 million net loss for the first quarter of 2023, representing a 114% decrease compared to the same period last year. The company states that the change was largely driven by realized losses recorded for the Fortitude Re funds withheld embedded derivative. At the same time, net ... Read the full article
Argo reports a combined ratio of 108.1% for Q1 2023
9th May 2023
Argo Group International Holdings, Ltd. has reported its financial results for Q1 of 2023, a combined ratio of 108.1% which has increased by 13.1% points, driven by a higher loss ratio. The loss ratio of 73.0% increased by 14% points, compared to 59.0% in Q1 2022. The company saw reduced catastrophe ... Read the full article
Berkshire Hathaway P&C reinsurance premiums soar 30% in Q1 2023
6th May 2023
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a strong quarter of growth for its property and casualty (P&C) reinsurance operations, with premiums written rising by 30% in the period, with the inclusion of TransRe a significant driver of that growth. However, at the same time, Berkshire Hathaway's ... Read the full article
Heritage posts net income in Q1’23 vs year-ago net loss
5th May 2023
Super-regional property & casualty insurance holding company, Heritage Insurance Holdings, Inc., has reported net income of $14.0 million in the first-quarter of 2023, up from a net loss of $30.8 million in the prior year quarter primarily due to higher net earned premium and significantly lower weather losses. At the same ... Read the full article
China Re sees significant net income growth in Q1 2023, raises capital
5th May 2023
China Reinsurance Group (China Re), the country’s largest reinsurer, has published its first quarter of 2023 results, reporting an increased net profit of RMB 1,235 million and a combined ratio - at its own level - of 103.35%. In the same period last year, the Group reported RMB 463 million in ... Read the full article
Ryan Specialty sees Q1 total revenue grow 18.3% YoY to $457.6 million
5th May 2023
Ryan Specialty Holdings has disclosed that its total revenue grew 18.3% to $457.6 million in Q1 of 2023. According to the firm, this increase was primarily due to organic revenue growth of 12.9%, which was driven by new client wins and expanded existing relationships, growth of the E&S market, revenue from ... Read the full article
AIG reports a GI combined ratio of 91.9% for Q1
5th May 2023
AIG has released strong Q1 financial results for 2023, with its General Insurance segment posting a combined ratio of 91.9%, improving by 1.0 points from the prior year quarter. The accident year combined ratio, ex-CAT, was 88.7%, so a 100-basis point and 80-basis point improvement, respectively, from the previous year's ... Read the full article
RGA reports Q1 net income of $252 million as net premiums jump 7.3%
5th May 2023
Global life and health reinsurer Reinsurance Group of America (RGA) has reported Q1 net income available to RGA shareholders of $252 million, compared with $197 million in the prior-year quarter. RGA's adjusted operating income for Q1 2023 totalled $349 million, significantly higher than the $283 million disclosed in the same quarter ... Read the full article
Specialty insurance business Fortegra drives Q1’23 revenue growth at Tiptree
4th May 2023
Holding company Tiptree has reported a substantial increase in revenues for Q1 2023, with growth driven to a large degree by the company’s global specialty insurance subsidiary, Fortegra. Revenues increased by 17.5% to $381.6 million thanks to growth in the insurance business. This was partially offset by declines in the mortgage ... Read the full article
Enstar posts net earnings in Q1’23 vs year-ago loss
4th May 2023
Enstar Group reported a net earnings of $424 million in the first-quarter of 2023, compared to net loss of $267 million in Q1 2022. Return on equity (ROE) was 9.5% in Q1 of 2023, compared with (4.6)% the previous year, while adjusted ROE was 6.8% for the quarter compared to (1.1)% ... Read the full article
Selective Insurance posts 67% rise in Q1’23 net income
4th May 2023
Selective Insurance has reported income of $90.3 million for the first quarter of 2023, compared to $54.0 million in Q1'22, helped by strong growth in both net written premiums (NPW) and investment income. Selective Insurance Group reported for Q1, overall NPW increased 12% from a year ago, and growth was strong ... Read the full article
Lemonade reports a loss ratio of 87% in Q1 2023
4th May 2023
Lemonade has released its Q1 2023 financial results. Despite persistent inflation and the heightened frequency of severe weather events, the company said it has moved in the right direction this year. The company’s In Force Premium (IFP) has topped at $653 million i.e. a 56% or $234 million increase from last ... Read the full article
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