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.
Aviva ‘off to a great start’ with GI premium growth of 9% in Q1’25
15th May 2025
British insurer Aviva has reported general insurance (GI) premium growth of 9% to £2.9 billion in the first quarter of 2025, compared to £2.7 billion in the comparative prior year quarter. Country-wise, UK&I GI premiums grew by 12% to £2 billion in Q1’25, compared to £1.8 billion in Q1’24. Personal lines ... Read the full article
Talanx posts best-ever quarterly performance despite LA wildfire impact
15th May 2025
Despite significant large loss payments, Talanx generated group net income of €604 million in Q1 2025, the strongest quarterly result in its history, highlighting its robust position with a balanced mix of Primary Insurance and Reinsurance. According to the firm, primary insurance contributed 60% to its overall Q1 2025 net income, ... Read the full article
Allianz sees record operating profit of €4.2bn in Q1’25
15th May 2025
Allianz has reported a record operating profit of €4.2 billion for Q1 2025, marking a 6.3% increase from Q1 2024, keeping the firm on track to meet its full-year operating profit target of €16 billion. The Property & Casualty (P&C) segment posted an operating profit of €2.2 billion in Q1 2025, ... Read the full article
Fidelis reports Q1’25 net loss as LA wildfires hit underwriting performance
15th May 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has reported a net loss of $42.5 million and a higher combined ratio of 115.6% for the first quarter of 2025, as catastrophe losses, driven by the California wildfires, dented the underwriting performance, notably within its reinsurance business. Group-wide, Fidelis fell to an ... Read the full article
Canada Life Re had ‘solid growth’ in Q1’25 despite headwinds: CEO Poulin
14th May 2025
Canada Life Reinsurance, part of Canadian headquartered international financial services holding company, Great-West Lifeco, experienced robust year on year growth in the first quarter of 2025 and also reduced its exposure to weather-related catastrophes. Great-West Lifeco generated net earnings of CAD 860 million in the opening quarter of 2025, a strong ... Read the full article
Conduit Re’s GWP expand 15% to $410m in Q1’25
14th May 2025
Bermuda-based Conduit Re has reported gross premiums written of $410.2 million for Q1 2025, marking a 15% increase over Q1 2024, with growth achieved across all three of its segments. Of the total Q1 2025 premium, the Property segment contributed $237.9 million, while Casualty and Specialty contributed $84.1 million and $88.2 ... Read the full article
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
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