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.
Ambac reports total revenue growth of 27% in Q1’25
13th May 2025
Ambac Financial Group, Inc., an insurance holding company, has reported a 27% growth in total revenue from continuing property and casualty (P&C) operations for the first quarter of 2025 to $63 million, alongside total P&C premium production of $318 million, a 70% increase year-on-year. The company’s Specialty P&C Insurance (Everspan) business ... Read the full article
IRB (Re) net income increases 50% in Q1’25 despite 13.34% written premiums decrease
13th May 2025
Brazilian reinsurer IRB (Re) has announced its financial results for the first quarter of 2025, reporting net income increase of 50%, to R$118.6m (approximately US$20.89m), despite a 13.34% decrease in total written premiums, which stood at R$1,247.9m (approximately US$219.97m). This quarter’s net income compares to Q1 2024’ R$79.1m (around US$13.93m), which ... Read the full article
Hannover Re stays profitable in Q1’25 amid elevated catastrophe claims
13th May 2025
Hannover Re has reported a group net income of €480 million for Q1 2025, marking a 13.9% year-on-year decline, primarily driven by large losses in property and casualty reinsurance, which totalled €765 million and significantly exceeded the budgeted expectation of €435 million. The most substantial individual loss stemmed from the California wildfires, ... Read the full article
Munich Re posts Q1’25 net result of €1.1bn, maintains FY profit guidance despite LA wildfire loss
13th May 2025
Reinsurance industry giant Munich Re has today reported a net result of €1.1 billion for the first quarter of 2025, despite losses from the Los Angeles, California wildfires in January of around €1.1 billion, which pushed the combined ratios for property and casualty (P&C) and Global Specialty Insurance (GSI) above ... Read the full article
Ivans Index shows y-o-y increase in premium renewal rates in April
12th May 2025
Ivans, a division of Applied Systems, has reported a year over year increase in average premium renewal rates across all major commercial lines of business, except for Workers’ Compensation which experienced a decrease in April. Month over month, General Liability, Commercial Property, and Umbrella experienced increases in premium renewal rate change, ... Read the full article
Hippo reports 30% revenue growth amidst wildfire impact in Q1’25
12th May 2025
Home insurance group Hippo, has announced its financial results for the first quarter of 2025, reporting year-on-year revenue growth of 30% to $110 million, with net loss increasing by $12 million to $48 million, with the Los Angeles wildfires contributing $45 million. Despite the wildfires' impact, the company’s Insurance-as-a-Service (IaaS) revenue ... Read the full article
Trisura reports strong operating ROE amid 20.4% lower Q1’25 net income
12th May 2025
Specialty insurance provider Trisura Group has announced its financial results for the first quarter of 2025, reporting a net income of $29.0 million and strong operating return on equity (ROE) of 18.4% driven by operating net income of $34.2 million. Trisura noted that Q1 2025 net income was lower than Q1 ... Read the full article
American Coastal reports $21.3m net income in Q1’25
12th May 2025
American Coastal Insurance Corporation, a property and casualty insurance holding company, has released its financial results for the first quarter of 2025, reporting net income of $21.3 million. While this figure represents a slight decrease compared to the $23.6 million seen in Q1 2024, the company highlighted a strong combined ratio ... Read the full article
FY 24/25 results show Skuld profit on premium and investment gains
12th May 2025
Skuld, a global marine insurer, reported a solid financial result of USD 21 million for the financial year ending 20 February 2025. Despite a more demanding claims environment, the company’s performance was underpinned by a significant rise in gross earned premium and strong investment income across multiple asset classes. Gross earned premium ... Read the full article
Global Indemnity Q1’25 impacted by California wildfires, reports $4.1m net loss
9th May 2025
Global Indemnity Group has announced its financial results for the first quarter of 2025, reporting a net loss available to common shareholders of $4.1 million, which includes $12.2 million after tax of net loss attributed to California Wildfire events in January. Excluding California Wildfires, the company reported a net income available ... Read the full article
HCI’s gross premiums earned up 17% to $300m in Q1’25
9th May 2025
Florida-domiciled insurtech HCI Group, Inc. has reported a 17% rise in consolidated gross premiums earned to $300.4 million for the first quarter of 2025, up from $256.6 million in Q1 2024, driven primarily by assumptions of policies from Citizens Property Insurance Corporation, the state’s insurer of last resort. For Q1’25, HCI ... Read the full article
Saudi Re sees net profit of SAR 35.4m in Q1’25
9th May 2025
Saudi Re has reported a net profit after zakat attributable to shareholders of SAR 35.4 million for Q1 2025, up from SAR 31.8 million in the same period last year. The company attributed the increase in net profit primarily to a 56% rise in reinsurance revenue, a 28% growth in net ... Read the full article
QBE’s GWP up 7% to $8.3bn in Q1’25
9th May 2025
Australian insurer QBE has reported strong gross written premium growth in Q1 2025, up 7% compared to the same period of 2024 to $8.3 billion. Excluding premium rate increases of 3.4%, QBE noted that ex-rate growth of 7% was driven by ongoing and relatively broad momentum in International and North America. The ... Read the full article
Hamilton posts Q1’25 net income of $81m as catastrophes drive underwriting loss
8th May 2025
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported net income of $81 million for the first quarter of 2025, down considerably on the prior year's $157 million, as the firm's underwriting result was hit by the California wildfires in January. The re/insurer has reported a Q1’25 combined ratio of 111.6%, up from ... Read the full article
Liberty Mutual’s Q1’25 net income surpasses $1bn despite significant cat losses
8th May 2025
Liberty Mutual Holding Company Inc. (LMHC), a global property and casualty insurer, reported net income attributable to LMHC of $1.025 billion for the first quarter of 2025, down from $1.535 billion in the same period in 2024, as catastrophe losses surged 121% year-on-year. Given the higher cat load, the company’s underwriting ... Read the full article
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