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.
Underwriting improvements help RSA to maintain steady profits
1st August 2019
UK commercial insurer RSA Group has reported an increase in underwriting profit during the first half of 2019, which helped to keep the company’s overall underlying profit steady at £292 million. Underwriting profit was recorded at £181 million in H1 2019, compared with £171 million for the same period last year. ... Read the full article
Universal’s income down 17% in Q2, as loss ratio climbs
1st August 2019
Florida-based property and casualty insurer Universal Insurance has released its results for the first half of 2019, reporting a 16.8% decrease in income before taxes. Income slipped by $10.3 million to $50.9 million in Q2 2019, compared with $61.2 million for the same period in the previous year. Looking at the first ... Read the full article
AXA grows revenues by 4% in H1, boosted by AXA XL results
1st August 2019
Global re/insurer AXA has reported that its gross revenues increased by 4% to €57.9 billion in the first half of 2019, boosted by growth in its recently integrated AXA XL division. AXA XL recorded gross revenues of €10.4 billion for the first six months of the year, representing an increase of ... Read the full article
Generali profits up by 7.6%, with positive results across all segments
1st August 2019
Italian insurance giant Generali has reported that its operating result grew by 7.6% to €2.7 billion during the first half of 2019, driven by positive developments across all of its business segments. Operating results improved from €2.5 billion in H1 2018, while net profit also rose 6.4% to €1.3 billion this ... Read the full article
Higher loss and LAE pushes UPC Insurance to net loss in Q2
1st August 2019
Property and casualty insurance holding company, United Insurance Holdings Corp. (UPC Insurance), has reported a net loss of $2.9 million for the second-quarter of 2019, driven mostly by an increase in loss and loss adjustment expenses (LAE) when compared with the same period in 2018. Quarterly net income declined by almost ... Read the full article
James River announces 20% jump in net income, management shift
1st August 2019
James River Group Holdings, Ltd.'s second-quarter 2019 net income increased by 20% to $20.3 million when compared with the second-quarter of 2018, while its Group combined ratio improved to 95.2%. Adjusted net operating income improved from $17.6 million in Q2 2018 to $20.2 million in Q2 2019, while the year-to-date 2019 ... Read the full article
Willis Towers Watson reports 6% organic growth, jump in net income in Q2
31st July 2019
Re/insurance brokerage Willis Towers Watson (WTW) has recorded total revenue growth of 3% to more than $2 billion in the second-quarter of 2019, with net income up 138% year-on-year to $138 million. Revenue increased across all business segments for the insurance and reinsurance broker in Q2 2019 when compared with the ... Read the full article
Allstate’s Q2 income growth offset by heavy cat losses
31st July 2019
US primary insurer Allstate Corporation has released its results for the second quarter of 2019, showing net income growth of 18.7% when compared to the same period in 2018. This was despite the impact of heavy catastrophe losses on the company’s performance, which totalled $1.07 billion in Q2 2019, up ... Read the full article
AXIS reports reinsurance growth, higher net income in Q2
31st July 2019
AXIS Capital Holdings Limited has reported higher net income for the second-quarter of 2019 when compared with the prior year, while its underwriting income fell to $78.7 million, resulting in a combined ratio of 96.1%. Bermudian insurer and reinsurer AXIS Capital's combined ratio improved by 3% in Q2 2019 when compared ... Read the full article
Markel boosts revenue in Q2 but combined ratio slips
31st July 2019
Markel Corporation has reported its results for the second quarter of 2019, showing a 20% increase in operating revenue to $2.4 billion, compared with $2.0 billion for the same period last year. The insurer and reinsurer also saw significant growth in its net income, which increased to $506.5 million, up from ... Read the full article
Swiss Re’s reinsurance & investments offset Corporate Solutions loss
31st July 2019
A solid investment result and strong reinsurance performance helped Swiss Re record net income of $953 million in H1 2019, while the firm's Corporate Solutions segment fell to a $403 million net loss in the period. At $953 million, net income declined from the $1 billion recorded in the first-half of ... Read the full article
Marsh & McLennan’s revenue up 16% to $4.3 billion in Q2
30th July 2019
Global insurance and reinsurance broker, Marsh & McLennan Companies, Inc. (MMC), has reported consolidated revenue growth of 16% to $4.3 billion and underlying revenue growth of 4% for Q2 2019, which is the first time its results have included JLT, which it acquired for $5.6 billion. Underlying revenue growth of 4% ... Read the full article
RGA income stable in Q2, net premiums up 7%
30th July 2019
Reinsurance Group of America (RGA) has reported net income of $202.7 million for the second quarter of 2019, consistent with its result of $204.4 million for the same period in 2018. On an adjusted basis, earnings increased modestly to $210.8 million, compared with $202.1 million in Q2 2018. Although income remained stable, ... Read the full article
Watford Holdings falls to underwriting loss in Q2, combined ratio weakens
30th July 2019
Bermudian Watford Holdings Ltd. has reported a combined ratio of 103.5% for the second-quarter of 2019 and an underwriting loss of more than $5.2 million, compared with a combined ratio of 100.6% and an underwriting loss of roughly $1 million in the second-quarter of 2018. Despite the underwriting loss, net income ... Read the full article
Arch’s underwriting income improves on reinsurance and mortgage business
30th July 2019
Insurer and reinsurer Arch Capital Group Ltd. has reported a 2.3% improvement in its combined ratio to 80.4% for the second-quarter of 2019, underpinned by a 24.5% improvement in underwriting income driven by its reinsurance and mortgage segments. Overall, underwriting income reached $293 million in the second-quarter of 2019, compared with ... Read the full article
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