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.
Everest’s record 2024 investment income offsets adverse US casualty reserve development
4th February 2025
Everest has reported a record net investment income of around $2 billion in its full-year 2024 results, with gross written premiums rising to $18.2 billion, up 9.1% year-over-year, driven by growth in its Reinsurance and Insurance segments. The firm's full-year 2024 combined ratio stood at 102.3%, with a Reinsurance segment combined ... Read the full article
The Hartford reports Q4’24 net premium growth
31st January 2025
The Hartford has announced its financial results for the fourth quarter of 2024, reporting a net income of $848 million, which increased 11% from $766 million over the same period in 2023. According to the firm, this growth was mainly driven by improvement in the P&C loss and loss adjustment expense ... Read the full article
Aon reports strong Q4’24 result as Reinsurance Solutions delivers 6% organic revenue growth
31st January 2025
Global broking group Aon's Reinsurance Solutions segment delivered 6% and 7% organic revenue growth for the fourth quarter and full year 2024, respectively, as the firm highlights another "strong quarter of performance" and "outstanding" full year result. Group-wide, Aon has today announced year-on-year total revenue growth of 23%, or 6% on ... Read the full article
A. J. Gallagher sees net earnings hit $1.47bn in 2024 amid strong segment growth
31st January 2025
Global insurance broker A. J. Gallagher & Co. has reported net earnings for 2024 of $1.47 billion, up from $966 million in 2023, driven by further improvements in both its brokerage and risk management segments. Net earnings in the firm's brokerage segment rose to $1.69 billion in 2024, up from $1.17 ... Read the full article
Selective Insurance reports 10% rise in NPW for Q4’24
30th January 2025
For the fourth quarter of 2024, Selective Insurance has reported a 10% rise in net premiums written (NPW) to $1.089 billion from Q4 2023's $991.5 million, while full year 2024 NPW grew 12% year-on-year to $4.6 billion from $4.1 billion in 2023. Starting with the quarter, the insurer has reported a ... Read the full article
Guy Carpenter sees revenue climb to $2.4bn in 2024
30th January 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has generated revenue of $2.36 billion for the full year 2024, up 5% from 2023. Marsh McLennan’s Risk & Insurance Services unit, which houses both Guy Carpenter and insurance broker Marsh, reported revenue of $15.4 billion for 2024, an increase of 9% ... Read the full article
AXIS reports solid underwriting result across insurance and reinsurance as premiums swell
30th January 2025
Bermudian re/insurer AXIS Capital has reported net income of $286 million and $1.1 billion for the fourth quarter and full year 2024, respectively, as the company's insurance and reinsurance segments produced an underwriting profit for both periods, despite elevated catastrophe activity. AXIS Capital's President and CEO, Vince Tizzio, has described 2024 ... Read the full article
Chubb reports record $9.27bn net income for 2024 with P&C CoR of 86.6%
29th January 2025
Global property and casualty insurer Chubb has reported a record net income of $9.27 billion for 2024, with a P&C combined ratio of 86.6%. The firm's P&C underwriting income for full-year 2024 was a record $5.85 billion, up 7.1% from 2023. Chubb additionally disclosed that total 2024 pre-tax and after-tax P&C catastrophe ... Read the full article
RenRe posts strong full year 2024 performance despite Q4 net loss
29th January 2025
RenaissanceRe Holdings Ltd. (RenRe), a Bermuda-based reinsurer, has reported net income of $1.8 billion for full year 2024 driven by a strong performance across underwriting, investments, and fee income, although the firm's fourth quarter result was dented by mark-to-market losses and the impact of Hurricane Milton. Group-wide, RenRe has announced a ... Read the full article
Brown & Brown’s revenue grows 15.4% with net income down 21.9% in Q4’24
28th January 2025
Brown & Brown, the insurance brokerage, has released its unaudited results for the fourth quarter of 2024, reporting a 15.4% growth in total revenues, to $1.2 billion, and a net income of $210 million, 21.9% lower compared to the same period last year. Commissions and fees increased by 15.4% as well ... Read the full article
W. R. Berkley sees highest-ever net income in record setting 2024
28th January 2025
W. R. Berkley Corporation has announced that it achieved its highest-ever net income in 2024, along with setting several other financial records during the year. W. R. Berkley's net income for 2024 stood at $1.76 billion, up from $1.38 billion for the full year 2023, while the firm's gross and net ... Read the full article
RLI sees underwriting income hit $210.7m for 2024 with CoR of 86.2%
23rd January 2025
In its full-year 2024 results, RLI Corp. reported an underwriting income of $210.7 million with a combined ratio of 86.2%, an improvement from the $173.2 million underwriting income and 86.6% combined ratio recorded in 2023. According to the firm, results for both years include favourable developments in prior years’ loss reserves. This ... Read the full article
Travelers posts stronger underwriting gain for 2024 despite rise in cat losses
22nd January 2025
Primary insurer Travelers has reported improved underwriting results for both the fourth quarter and full year 2024, as an increase in net favorable prior year reserve development more than offset a rise in catastrophe losses for both periods. Travelers has today reported net income of $2.1 billion for Q4'24 and $5 ... Read the full article
Ethio Re reports 60% growth in net profit
8th January 2025
Ethiopian Reinsurance (Ethio Re) has reported strong financial results for the 2023/24 fiscal year, achieving an impressive 60% growth in net profit to 391 million birr, despite rising natural and man-made catastrophes. The results were presented at Ethio Re’s 9th Annual General Meeting, held at the Hilton Hotel on December 31, ... Read the full article
Munich Re targets net profit of €6bn for 2025
13th December 2024
Industry giant Munich Re has disclosed that due to consistently good operational performance in all business segments, the group is now aiming for an IFRS net profit of €6 billion in 2025. This morning, the reinsurance giant announced some targets for next year, forecasting that insurance revenue will reach €64 billion ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
