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.

SiriusPoint sees $142mn net investment loss in Q2

4th August 2022

SiriusPoint Ltd. has reported a net investment loss of $142 million in the second quarter of 2022, taking the company’s total net investment loss for 1H22 to $347 million. At the same time, the company reported a core income of $20 million for the quarter, which included an underwriting income of ... Read the full article

Palomar reports significant premium growth in Q2 results

4th August 2022

Specialty property insurer Palomar Holdings has reported gross written premium (GWP) of $218.7 million for the second quarter of 2022, a huge increase of 69% compared to $129.4 million from the prior year quarter. The company also reported a net income of $14.6 million for the quarter, increasing from $12.3 million ... Read the full article

PartnerRe falls to net loss as investment result offsets improved underwriting in 1H22

4th August 2022

Bermuda-based reinsurer PartnerRe has reported a loss of more than $1.1 billion for the first half of 2022, driven by unrealised losses on fixed maturities as a result of rising interest rates, while the firm's underwriting performance improved year-on-year. The reinsurer's H1 net loss includes a loss of $606 million in ... Read the full article

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