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.
The Hartford sees 16% dip in Q1’25 net income due to wildfire losses
25th April 2025
The Hartford has reported a Q1 2025 net income available to common stockholders of $625 million, down from $748 million in Q1 2024, primarily driven by P&C current accident year catastrophe losses of $467 million, before tax, including $325 million, net of reinsurance, related to the January 2025 California wildfires. The ... Read the full article
MAPFRE RE’s premiums grow to nearly €2.4bn in Q1’25
25th April 2025
MAPFRE RE, which encompasses the Reinsurance and Global Risks businesses of Madrid-based insurer MAPFRE, has reported a combined ratio of 97.9% for Q1 2025, an increase of 4.1 percentage points from Q1 2024, driven by the California wildfires, which had an attributable impact of €85 million. Despite the impact of catastrophe ... Read the full article
Goosehead Insurance reports strong Q1’25 results with 17% revenue growth
25th April 2025
Goosehead Insurance, an independent personal lines insurance agency, has reported robust financial results for the first quarter of 2025, with total revenues reaching $75.6 million - up 17% from the same period last year. Core revenues, which exclude contingent commissions and other one-time items, also rose 17% to $69.1 million, driven ... Read the full article
Compre posts $128.5m net loss in 2024 amid lower deal volume
24th April 2025
Bermuda-domiciled legacy reinsurer Compre Group Holdings Limited (Compre) has posted a net loss post tax of $128.5 million in its full-year 2024 results, compared to a profit of $279.4 million in 2023. The loss was driven by an 18% year-over-year decline in global deal volume, the natural unwinding of discounted liabilities, ... Read the full article
WTW sees net income hit $239m in Q1’25
24th April 2025
WTW has reported a net income of $239 million for Q1 2025, up from $194 million in Q1 2024, although revenue declined by 5% to $2.2 billion due to the sale of TRANZACT to GTCR and Recognize in Q4 of 2024 for $632.4 million. Meanwhile, the advisory, broking and solutions ... Read the full article
RLI posts Q1’25 underwriting income of $70.5m, CoR increases to 82.3%
24th April 2025
RLI Corp. has reported an underwriting income of $70.5 million for Q1 2025, on an 82.3% combined ratio, compared to $77.7 million on a 78.5% combined ratio in Q1 2024. In Q1 2025, the Property segment contributed $56.9 million to underwriting income, followed by $11.5 million from the Surety segment and ... Read the full article
RenRe falls to Q1’25 underwriting loss amid $1.6bn California wildfire bill
24th April 2025
Bermuda-based reinsurer RenaissanceRe (RenRe) incurred net claims and claims expenses from large loss events of more than $1.7 billion in the first quarter of 2025, driven by almost $1.6 billion of net claims from the January California wildfires, leading the firm to record an underwriting loss in the period. The California ... Read the full article
Chubb’s Q1’25 net income down 37% amid $1.5bn LA wildfire loss
23rd April 2025
Global insurer Chubb has announced its financial results for the first quarter of 2025, reporting a net income of $1.33 billion, impacted by total pre-tax net catastrophe losses of $1.64 billion, which includes $1.47 billion from the California wildfires. The company's Q1 2025 net income represents a 37% decrease compared to ... Read the full article
W. R. Berkley posts record net premiums written for Q1’25
22nd April 2025
Insurance holding company W. R. Berkley Corporation has posted record high net premiums written for the first quarter of 2025 at $3.1 billion, compared to $2.8 billion in Q1’24. This was supported by the growth in gross written premiums (GWP) for the quarter, reported at $3.6 billion compared to $3.3 billion ... Read the full article
Guy Carpenter’s revenue up 5% to $1.2bn in Q1’25
17th April 2025
Global broking group Marsh McLennan's reinsurance arm, Guy Carpenter, saw its revenue increase in the first quarter of 2025 to $1.2 billion, as total revenue within the Risk & Insurance Services segment rose 11%. Guy Carpenter's revenue increased by 5% year on year on both a GAAP and underlying basis and ... Read the full article
Travelers sees Q1’25 underwriting loss amid $2.27bn catastrophe bill
16th April 2025
Travelers has reported catastrophe losses of $2.266 billion pre-tax for Q1 of 2025, primarily driven by the January California wildfires, leading to an underwriting loss of $305 million for the quarter. Of Travelers' total catastrophe loss figure in Q1 2025, $1.731 billion pre-tax ($1.368 billion after-tax) was attributed to wildfire losses ... Read the full article
Africa Re posts strong underwriting result with CoR of 90.89% in 2024
15th April 2025
The African Reinsurance Corporation (Africa Re) reported an improved net combined ratio of 90.89% for the 2024 financial year, down from 93.51% in 2023, alongside a net underwriting profit of $87.34 million, up 59.37% from $54.81 million the year prior. The company attributed its strong underwriting performance to disciplined underwriting, improved ... Read the full article
Tech & underwriting drove Trium’s “remarkable” ’24 CoR
15th April 2025
Trium, a cyber and property catastrophe underwriter at Lloyd’s of London, has announced its 2024 financial results, reporting a combined ratio of 71.8%. Its “remarkable” performance makes Trium the fifth-best performing syndicate overall within the Lloyd’s market and the leading performer in the class of 2023. In 2023 Trium launched as Read the full article
VIG Re reports 9.2% growth in GWP for FY’24
7th April 2025
The reinsurance arm of Vienna Insurance Group, VIG Re, has reported preliminary, unaudited full-year 2024 gross written premiums (GWP) growth of 9.2% to €983.3 million, driven by its third-party reinsurance and VIG business segments. The reinsurer has delivered solid financial results despite above-average catastrophe losses, including the European floods in VIG ... Read the full article
Groupama sees ’24 net premium increase
4th April 2025
French insurer Groupama has posted its annual results for 2024, which include a net income of €961 million and an economic operating income of €954 million, up €52 million despite moderate weather loss experience. Growth in economic operating income came from P&C insurance €429 million and health and protection insurance for ... Read the full article
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