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.

Generali result slips 9% on Russian investments

2nd August 2022

Italy-headquartered insurer Generali has posted a net result of €1,402 million during the second quarter of 2022, down 9.0% from the same period last year due to its Russian investments. The company reported that impairments on Russian investments totaled €138 million as the war in Ukraine continue to negatively affect financial ... Read the full article

CNA Financial sees fall in Q2 net income

1st August 2022

Chicago-based insurer CNA Financial Corporation has reported a net income of $205 million for the second quarter of 2022, after falling from $368 million from the prior year period. Core income for the quarter was $245 million, compared to $341 million from the prior year quarter. At the same time, net investment ... Read the full article

Kinsale Capital Group reports GWP growth of 43% in Q2 results

1st August 2022

Kinsale Capital Group has reported a net income of $27.1 million for the second quarter of 2022, compared to a net income of $35.6 million from the second quarter of 2021. The company also reported a net income of $58.9 million for 1H22, compared to $67.7 million from 1H21. At the same ... Read the full article

Coface reports €144.4m income so far this year

29th July 2022

Coface has reported H1 2022 income of €144.4m in its latest results. According to the Paris-based firm, it saw turnover in the period of €895m. The insurer said in a statement that Trade Credit Insurance premiums were growing by 16.1%, growth that was driven by ‘high client activity’ in an inflationary ... Read the full article

The Hartford sees fall in reported Q2 net income

29th July 2022

US property and casualty insurer, The Hartford, reported a net income of $437 million for the second quarter of 2022, after falling from $900 million in the 2021 period. According to the insurer, this was primarily due to a $485 million, before tax, change from net realised gains to net realised ... Read the full article

Gallagher reports 35% growth in net earnings in Q2

29th July 2022

Reinsurance broker Gallagher has reported 35% growth in net earnings across the company during Q2 2022, ending the period with $53 million of annualised revenue. Patrick Gallagher, Jr., Chairman, President and CEO, said: "We had an excellent second quarter! Our core brokerage and risk management segments combined to post 22% ... Read the full article

Aon’s Reinsurance Solutions delivers organic revenue growth of 9% in Q2

29th July 2022

Insurance and reinsurance broker Aon has announced total organic revenue growth of 8% to $3 billion in the second-quarter of 2022, on the back of growth in all business segments including a notable 9% rise in organic revenue within its Reinsurance Solutions arm. Across the firm, Aon has revealed that net ... Read the full article

Brit posts strong underwriting performance but investments dent H1 result

29th July 2022

Specialty insurer Brit has reported a loss of $186.9 million for the first half of 2022, compared with income of $204.3 million a year earlier, as a negative return on assets more than offset an improved underwriting result in the period. Across the group, Brit has reported H1 2022 gross written ... Read the full article

Swiss Re returns to profit but H1 net income falls on investment result & Ukraine reserves

29th July 2022

Global reinsurance giant Swiss Re has reported a year-on-year decline in net income to $157 million for the first half of 2022, driven mostly by a lower investment result and reserves booked for the war in Ukraine in the first quarter. For H1 2022, Swiss Re has announced that reserves of ... Read the full article

Donegal Group reports Q2 $8.2mn net loss

28th July 2022

US primary holding company Donegal Group posted a net loss of $8.2 million, compared to a net income of $16.2 million in the prior year quarter. Net premiums earned increased 6.0% to $204.1 million, compared to $192.4 million from Q2 21. At the same time, net premiums written were $218.4 million, a ... Read the full article

Universal income shrinks amid challenging Florida claims market

28th July 2022

Florida headquartered insurer Universal Insurance Holdings has reported a 66% decrease in net income over the second quarter of 2022, from $21.9 million last year to just $7.4 million. The company primarily attributed the decline to a higher net loss ratio, partly offset by a lower net expense ratio and higher ... Read the full article

Cincinnati Financial reports Q2 $808mn net loss

28th July 2022

Cincinnati Financial Corporation has reported a net loss of $808mn for the second quarter of 2022, down from a net income of $703mn for the same period last year. The loss was mainly due to the recognition of a $928mn after-tax reduction in the fair value of equity securities still held, ... Read the full article

MAPFRE posts premium growth but misses CR target

28th July 2022

Spanish reinsurer Mapfre has released its H1 2021 results, showing its combined ratio rose by 3.2 points to 98.3 %, compared to 95.1% from the year prior. Speaking in a results webcast today, Fernando Mata, MAPFRE’s CFO, said: "The objective of the combined ratio in a range of 94-95% ... Read the full article

WTW posts 3% organic growth, maintains full-year targets

28th July 2022

Re/insurance broker WTW has posted 3% organic revenue growth for the second quarter of 2022, despite total revenues declining by 3% to $2.03 billion. After posting 2% organic growth in Q1, the broker seems to remain slightly below its target of “mid-single digit” organic revenue growth for the full year, ... Read the full article

Arch reports net income of $394.2m in Q2 2022

28th July 2022

Arch is reporting in its Q2 2022 results that it saw net income available to Arch common shareholders of $394.2m, alongside after-tax operating income of $506.5m. In addition, the firm said it had seen gross written premiums of $3,869m in Q2 2022, up 17.8% from the same point in 2021. However, ... Read the full article