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.
American Financial Group reports Q1’25 net earnings of $154m
7th May 2025
American Financial Group, Inc., a Cincinnati-based holding company specialising in insurance and financial services, has reported first-quarter 2025 net earnings of $154 million, compared to $242 million for the same period in 2024. This reflects a decrease primarily due to lower property and casualty (P&C) insurance underwriting profit and reduced returns ... Read the full article
SI Re posts rise in FY’24 profit to €10.4m
7th May 2025
Zug, Switzerland-domiciled reinsurer SIGNAL IDUNA Reinsurance Ltd (SI Re) has reported a profit of €10.4 million for the full year 2024, improving over 2023's figure of €8.8 million by 17.7%. The company's shareholder equity for FY’24 hit €209.4 million, remaining at a consistently high level of 22.2% of the balance sheet ... Read the full article
Bowhead Specialty net income reaches $11.4m in Q1’25
7th May 2025
Bowhead Specialty, a provider of casualty and professional liability products, has announced its financial results for the first quarter of 2025, reporting significant net income growth of 62.9% and gross written premiums growth of 26.3% compared to the same period the year prior. The company’s net income reached $11.4 million in ... Read the full article
Fortegra drives Tiptree’s $5.6m Q1’25 net income, sees improved CoR of 89.9% despite cat losses
7th May 2025
Tiptree has announced its financial results for the first quarter of 2025, reporting a net income of $5.6 million, compared to Q1 2024’s $9.1 million, and revenues of $497.4 million, which saw a slight decrease of 0.2% from Q1 2024. The company attributed the decrease in net income primarily to lower ... Read the full article
Mercury General falls to Q1’25 net loss amid elevated cat losses
7th May 2025
Mercury General Corporation, a property and casualty insurance provider based in Los Angeles, California, has released its financial results for the first quarter of 2025, revealing a net loss for the period as a result of significant losses from the January wildfires in California. The first quarter's combined ratio surged to ... Read the full article
Heritage’s Q1’25 net income increases to $30.5m despite cat losses
7th May 2025
Super-regional property and casualty insurance holding company, Heritage Insurance Holdings, Inc, has reported first quarter 2025 net income of $30.5 million, compared to Q1’24’s $14.2 million, driven by increased net premiums earned, relatively flat total expenses, and a positive impact of rate actions, underwriting actions, and targeted exposure management in ... Read the full article
The Baldwin Group total revenue up 9% to $413.4m in Q1’25
7th May 2025
Independent insurance distribution firm, The Baldwin Group, has reported total revenue growth of 9% to $413.4 million for the first quarter of 2025 compared to $380.3 million last year, reflecting organic revenue growth of 10%. Total GAAP net income in Q1’25 hit $24.9 million, with GAAP diluted earnings per share of ... Read the full article
AXA XL Re’s premiums increase 12% to €1.4bn in Q1’25
7th May 2025
Global insurer AXA’s Property and Casualty (P&C) and Specialty Risk division, AXA XL, saw gross written premiums and other revenues climb 7% to €21 billion in Q1 2025, helped by a 12% increase in premiums to €1.4 billion at AXA XL Reinsurance. Within P&C, commercial lines premiums rose 6% to €13.2 ... Read the full article
SCOR posts 85% CoR as net income hits €200m in Q1’25
7th May 2025
French reinsurer SCOR has reported a 1.7% rise in net income to €200 million for the first quarter of 2025 with a solid performance in both its Life & Health (L&H) and Property & Casualty (P&C) segments, despite the impacts of the Los Angeles wildfires. Group-wide, SCOR has reported Q1'25 insurance ... Read the full article
Corebridge Financial reports strong operating income despite net loss in Q1’25
6th May 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting $649 million in adjusted after-tax operating income despite a net loss of $664 million. Q1 2025’s net loss compares to a gain of $878 million reported in the same period last ... Read the full article
Lemonade’s revenue increases 27% to $151.2m in Q1’25
6th May 2025
In its Q1 2025 results, Lemonade has reported total revenue of $151.2 million, marking an increase of $32.1 million or 27%, compared to Q1 2024, primarily due to the increase in gross earned premium, ceding commission income, and net investment income. Meanwhile, the firm's in force premium, defined as the aggregate ... Read the full article
James River posts Q1’25 net income of $9m and CoR of 99.5%
6th May 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has reported first quarter 2025 net income of $9 million and adjusted net operating income of $9.1 million, compared to $20.9 million and $14.8 million, respectively, in Q1’24. For the quarter, gross written premium (GWP) was $294.4 million, and Excess and Surplus ... Read the full article
Palomar’s Q1’25 net income hits $42.9m as CoR improves
6th May 2025
Palomar Holdings has reported a net income of $42.9 million for Q1 2025, up considerably compared to the $26.4 million disclosed in Q1 2024. Palomar's gross written premiums were also up in the opening quarter of 2025, expanding 20.1% from the same period of 2024 to $442.2 million, while net earned ... Read the full article
SiriusPoint maintains underwriting profit streak and posts $58m net income in Q1’25
6th May 2025
SiriusPoint Ltd., a provider of re/insurance services, has announced strong results for the first quarter of 2025, continuing its streak of underwriting profitability, with underwriting income of $29 million for the quarter, compared with $44 million in Q1 2024. The combined ratio for the Core business was 95.4%, reflecting a slight ... Read the full article
Berkshire Hathaway’s GEICO offsets underwriting losses at reinsurance and primary units in Q1’25
3rd May 2025
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a $1.3 billion decrease in net underwriting earnings across its insurance and reinsurance operations to $1.34 billion for the first quarter of 2025, compared with $2.6 billion in the prior year first quarter, amid significant losses from the Southern ... Read the full article
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