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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.

Allianz ‘comfortable’ with its ‘pretty good’ reinsurance program: CFO Terzariol

12th November 2021

Global insurer Allianz made significant reinsurance recoveries in the third quarter which reduced its burden from catastrophe events in the period, leading the firm’s Chief Financial Officer (CFO), Giulio Terzariol, to discuss the firm’s use of reinsurance. After pre-announcing gross losses of €1.1 billion for the flooding in Europe in July, ... Read the full article

Ageas grows insurance result to €777m

11th November 2021

Brussels-headquartered multinational insurer Ageas has reported an insurance net result of €777 million for the first nine months of 2021, up from €737 million for the same period last year. This result included a net result in non-life of €236 million, down from €311 million for the 9M period last year. But ... Read the full article

Crédit Agricole reports 24% revenue growth in 9M

11th November 2021

Crédit Agricole Assurances has announced a 24.6% growth of revenue across its priority lines of business during the first nine months of 2021. Priority lines of business include protection of assets and individuals and unit-linked products in savings and retirement. Meanwhile, the combined ratio stood at 96.9%. Property & Casualty revenue increased by ... Read the full article

Kin Insurance reports improved Adjusted Loss Ratio for Q3

11th November 2021

Kin Insurance has reported that through the third quarter of 2021, its adjusted loss ratio decreased to 89.8% from 107.4% for the same prior year period. Hurricane Ida contributed 25.4% to the adjusted loss ratio, with other PCS catastrophe events contributing 8.9%. Non-cat adjusted loss ratio of 55.5% has decreased each of ... Read the full article

Aviva’s General Insurance GWP rises to £6.5bn in 9M

11th November 2021

General Insurance premiums written by UK insurer Aviva grew 5% in the first nine months of 2021, reflecting solid customer retention and new business wins, particularly in commercial lines. UK&I life sales were £25.3 billion, up from £21.8 billion in the prior year quarter, while strong growth was seen in Savings ... Read the full article

Hippo’s Q3 revenue up 64%, total generated premium hits $162mn

11th November 2021

Home insurer Hippo Holdings Inc. has announced total generated premium (TGP) growth of 94%, year-on-year, to $162 million in the third quarter of 2021, pushing the firm's revenue up 64% to $21.3 million. Alongside the rise in TGP and revenue for the quarter, Hippo has reported a smaller net loss of ... Read the full article

Generali on track to hit 2021 targets as results up 74%

11th November 2021

Italian insurer Generali has posted a net result of €2.25 billion for the first nine months of 2021, up 73.6% from the €1.30 billion that it reported for the same period last year. The result increased thanks to a corresponding improvement in the group’s operating result, which grew by 10% over ... Read the full article

Zurich grows P&C premiums by 11% in first nine months of 2021

11th November 2021

Property & Casualty (P&C) gross written premiums (GWP) increased by 11% at Zurich through the first nine months of 2021, as the company benefited from higher premium rates amid increases in commercial insurance. P&C GWP jumped from $27.3 billion in 9M 2020 to $31.2 billion in 9M 2021, while rate increases ... Read the full article

White Mountains posts $373mn Q3 loss, Ark impacted by nat cat activity

10th November 2021

Financial services holding company White Mountains has announced a third quarter loss of income attributable to common shareholders of $373 million, compared to a $237 million income during the prior year quarter. Ark, which is focused on P&C re/insurance business, reported gross written premiums of $162 million, net written premiums of ... Read the full article

Maiden falls to $3.1mn Q3 net loss

10th November 2021

Maiden Holdings has reported a third quarter net loss of $3.1 million, down from a $2.2 million income in the prior year quarter. The company’s net income attributable to common shareholders was boosted by a $6 million gain from a repurchase of preference shares. A Q3 underwriting loss of $3.6 million compares ... Read the full article

HCI Group grows premiums by 50% in Q3

10th November 2021

Florida-based insurtech HCI Group has announced consolidated gross written premium (GWP) growth to $174.3 million for the third quarter of 2021, driven in part by the continued expansion of TypTap Insurance Company. HCI Group's GWP increased by almost 50% from the $116.5 million reported for the third quarter of 2020, primarily ... Read the full article

Allianz reports strongest Q3 despite higher nat cat experience

10th November 2021

Global insurer Allianz has reported its strongest ever third quarter performance in 2021, as total revenues and operating profit increased, year-on-year, driven by a solid performance in all business segments. Allianz has announced Q3 total revenue growth of 9.5% to €34.4 billion, alongside an 11.3% rise in operating profit to €3.2 ... Read the full article

Lemonade reports $11.7mn in gross profits for Q3

9th November 2021

Insurtech start-up Lemonade has reported a gross profit of $11.7 million for the third quarter of 2021, which increased by $4.4 million compared to the third quarter of 2020. This increase was due to the increase in gross earned premium, partially offset by a higher net loss ratio. Lemonade reported a gross ... Read the full article

BRP’s Q3 revenue up 106% to $135.6mn

9th November 2021

Independent insurance distribution firm, BRP Group, Inc., has reported an impressive 106% rise in revenue for the third quarter of 2021 to $135.6 million, as well as organic revenue growth of 26%, year-on-year. Despite the growth in revenue for the quarter, BRP Group's net loss worsened, year-on-year, from $3.3 million in ... Read the full article

PartnerRe secures Q3 net income of $70mn despite sizeable cat hit

9th November 2021

PartnerRe has reported a common shareholder net income for the third quarter of $70 million, having hit $206 million income during the same period in 2020. Concurrently, net income available to common shareholders was $317 million for the first nine months of 2021, compared to $2 million in 2020. Large catastrophe losses ... Read the full article

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