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.
RSA reports £107mn profit in H1 results, bouncing back from last year’s loss
4th August 2022
UK insurer, RSA Insurance Group (RSA), reported a profit of £107mn in its half year results, recovering from a comparable loss of £249mn reported in H1 2021. This bounce back consisted of £31mn in underwriting profit, compared to a £143mn loss reported in the first half of 2021, as well as ... Read the full article
Hannover Re posts solid H1 net income despite elevated large loss experience
4th August 2022
Hannover Re, one of Europe's largest reinsurers, has today announced net income of €649 million for the first half of 2022, while the firm's property and casualty (P&C) reinsurance underwriting declined on the back of higher than expected large losses. Group net income of almost €650 million represents a 3% decline ... Read the full article
NMI income up through “resoundingly strong” Q2
3rd August 2022
Mortgage insurance specialist NMI Holdings has reported net income of $75.4 million during the second quarter of 2022, up from $67.7 million for the same period last year. President and CEO Adam Pollitzer described the results as “resoundingly strong” and highlighted the positive impact of new business production and expense discipline ... Read the full article
Verisk insurance segment revenue up 10.9% through Q2
3rd August 2022
Insurance and analytics provider Verisk has reported revenue growth of 10.9% within its Insurance segment, which offset shrinking revenues across other business segments. Insurance revenue grew from $550.0 million to $610.0 million from Q2 last year to the same period in 2022. Meanwhile, Underwriting & rating revenue was up 12.8% to $437.8 ... Read the full article
Markel reports premium growth, but heavy investment loss dents 2022 performance
3rd August 2022
Markel Corporation earned premiums grew 17% in the second quarter of 2022, yet high investment losses have hurt the company’s performance. The re/insurer earned premiums grew to $1.83bn compared to the $1.56bn reported in Q2 2021; according to the re/insurer, this improvement reflects continued growth in gross premium volume from new ... Read the full article
Inflationary pressures push Mercury General to large Q2 loss
3rd August 2022
Mercury General has posted a loss of $210.7 million for the second quarter of 2022, compared with a positive result of $109.2 million for the same period last year. The loss comes as a result of inflationary pressures and $241.9 million of net realised investment losses that weighed on revenues, versus ... Read the full article
The Hanover sees earnings slip amid personal lines headwinds
3rd August 2022
Property and casualty insurance company, The Hanover Insurance Group, has reported net income of just $22.6 million for the second quarter of 2022, compared with $128.5 million for the same period last year. At the same time, operating income decreased from $104.0 million to $83.9 million, with the company attributed the ... Read the full article
Greenlight Re reports strong rise in net income in Q2 results
3rd August 2022
Hedge fund-backed reinsurer Greenlight Re has reported a net income of $14.8 million for the first quarter of 2022, a huge increase compared to net income of $0.6 million from the second quarter of 2021. Gross premiums written (GPW) in the quarter were $134.8 million, a 4.8% decrease compared to $141.6 million ... Read the full article
Hiscox reports solid underwriting performance, but investments drive H1 net loss
3rd August 2022
Global re/insurer Hiscox has fallen to a loss of $107.4 million in the first half of 2022, as a negative investment result more than offset an improved underwriting performance in the period. The loss for H1 2022 compares with profit of $133.4 million a year earlier, with Hiscox highlighting a strong ... Read the full article
AXA XL Re’s revenue down by 21% on nat cat reduction
3rd August 2022
Global insurer AXA has today reported 1% growth in gross revenues to €55 billion for the first half of 2022, although within AXA XL Reinsurance revenues fell by 21% on the back of a strong reduction in natural catastrophe exposure. Alongside the growth in gross revenues, French insurer AXA has reported ... Read the full article
James River’s net income falls, but E&S lines show improvement
2nd August 2022
James River Group Holdings Ltd. has posted a net income of $5 million for the second quarter of 2022, down from $20.8 million from the same period last year. Adjusted net operating income for the quarter was $20 million, an increase from last years $18.8 million. The company’s second quarter 2022 group ... Read the full article
Kin reports strong rise in GWP in Q2 results
2nd August 2022
Kin Insurance has reported a gross written premium (GWP) of $70.8 million in the second quarter of 2022, a major increase from the $24.7 million the company reported in the prior-year period. This now brings the company’s GWP year-to-date total to $125 million. Gross profit for the quarter was $20.6 million, a ... Read the full article
Generali result slips 9% on Russian investments
2nd August 2022
Italy-headquartered insurer Generali has posted a net result of €1,402 million during the second quarter of 2022, down 9.0% from the same period last year due to its Russian investments. The company reported that impairments on Russian investments totaled €138 million as the war in Ukraine continue to negatively affect financial ... Read the full article
CNA Financial sees fall in Q2 net income
1st August 2022
Chicago-based insurer CNA Financial Corporation has reported a net income of $205 million for the second quarter of 2022, after falling from $368 million from the prior year period. Core income for the quarter was $245 million, compared to $341 million from the prior year quarter. At the same time, net investment ... Read the full article
Kinsale Capital Group reports GWP growth of 43% in Q2 results
1st August 2022
Kinsale Capital Group has reported a net income of $27.1 million for the second quarter of 2022, compared to a net income of $35.6 million from the second quarter of 2021. The company also reported a net income of $58.9 million for 1H22, compared to $67.7 million from 1H21. At the same ... Read the full article
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