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.
Zurich reports huge rise in operating profit
11th August 2022
Zurich is reporting that it saw a 25% rise in operating profit for H1 2022. The firm said in a statement about its latest results that its group business operating profit had risen to $3,393m, which it said was its highest in fourteen years. Likewise, it said its P&C business operating ... Read the full article
Talanx profits increase despite higher cat losses
10th August 2022
Germany’s Talanx Group, the parent of reinsurer Hannover Re, has reported improved income and operating earnings for the first half of 2022 despite a considerable increase in large losses from catastrophe events, as well as a double-digit rise in premiums. Group net income increased from €546 million for the six-month period ... Read the full article
BRP Group reports an “outstanding” Q2 with a net profit $16.6mn
10th August 2022
Independent insurance distribution firm BRP Group has reported a net income of $16.6 million in the second quarter of 2022, a significant improvement compared to the $20.44 million loss reported in the same prior-year period. The group also said that its revenue increased close to 50%, from $119.7 million reported in ... Read the full article
Kemper reports $74mn net loss in Q2 results
10th August 2022
Kemper Corporation has reported a net loss of $74.7 million for the second quarter of 2022, compared to a net loss of $62.6 million from the second quarter of 2021. Total revenues for the quarter decreased $68.7 million (5%), to $1,433.8 million, compared to the second quarter of 2021, driven by ... Read the full article
Aviva sees operating profits rise 14% in H1 2022
10th August 2022
Aviva is reporting in its interim reports for 2022 that its operating profit rose by 14% to £829m in the first half of the year. The firm marked the increase from the same point in 2021 when operating profits stood at £725m. Amanda Blanc, group chief executive officer of the firm, said: ... Read the full article
L&G sees improved operating profit in H1 2022
9th August 2022
Life insurer Legal & General Group (L&G) has reported an operating profit of £1.16 billion for H1 2022, an 8% increase from £1.07 billion from the same period last year. L&G’s UK PRT business, delivered operating profit growth of 7% to £560 million in H122, compared to £525 million from H121. At ... Read the full article
United sees GWPs slide in latest results
9th August 2022
United Insurance Holdings has said that gross written premiums in H1 2022 were 15.5% lower than they were in the same quarter of the previous year. Meanwhile, the firm said in a statement that the first half of 2022 had seen gross written premiums at a level 13.3% lower than they ... Read the full article
Argo sees lower cat losses despite Q2 $18.9mn net loss
9th August 2022
Argo Group has reported an improvement in its catastrophe losses, as the figure is significantly lower at $2.5 million in Q2 2022 compared to the $11.1 million reported in the same period last year. According to the group, this quarter’s cat-loss result reflects their strategy to reduce catastrophe exposure despite continued ... Read the full article
Crawford income shrinks as international segment turns Q2 loss
9th August 2022
Crawford & Company, a provider of claims management solutions, has reported that its net income more than halved from $11.8 million in the second quarter of 2021 to $5.8 million for the same period this year. Income shrank in part due to a loss in the company’s International Operations segment, as ... Read the full article
HCI Group sees 30% increase in gross premiums earned, despite Q2 $8.5mn net loss
9th August 2022
Florida-based insurtech HCI Group has reported a net loss of $8.5 million in the second quarter of 2022, compared to a net income of $3.8 million in the same period last year. Adjusted net loss was $5.4 million for the quarter, compared to an adjusted net income of $2.7 million in ... Read the full article
Lemonade reports boon results
9th August 2022
A letter from Lemonade to its shareholders says that in-force premiums (IFP) with the firm have risen 54% year on year to reach $458m in Q2 2022. The insurer said that (IFP) stood at $297m in Q2 2021 and at $155m in Q2 2020. Gross earned premiums over the same periods ... Read the full article
AIG general insurance combined ratio falls below 90% for first time in 15 years
9th August 2022
AIG is reporting that it general insurance combined ratio improved by 5.1 points in Q2 2022, compared to the same period in 2021. The firm said in a statement that this was its first sub-90% combined ratio in a decade-and-a-half. Meanwhile, its general insurance adjusted accident year combined ratio improved over ... Read the full article
Munich Re posts robust Q2 with strong organic growth in P&C
9th August 2022
Reinsurer Munich Re has announced a profit of €768 million and €1.4 billion for the second-quarter and first half of 2022, respectively, driven by a solid performance across the Group as it took advantage of growth opportunities at the mid-year renewals. The Q2 profit figure of €768 million compares with €1.1 ... Read the full article
Ark reports huge rise in premiums in Q2 2022
8th August 2022
Ark is reporting that gross written premiums jumped from $328m to $404m between Q2 2021 and Q2 2022, with net written premiums rising from $262m to $270m between the same two points alongside an increase in net earned premiums from $118m to $217m. Comparisons between H1 2021 and H1 2022, gross ... Read the full article
Suncorp’s FY22 profit falls as nat cats exceed budget by AUD 101m
8th August 2022
Australian primary insurer Suncorp has reported a 34% decline in net profit to AUD 681 million for fiscal year 2022, as natural hazard costs exceeded budget in the period by AUD 101 million, leading to significant reinsurance recoveries. For the fiscal year ended June 30th, 2022, Suncorp has reported total natural ... Read the full article
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