Reinsurance News
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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.
Global Indemnity Q1’25 impacted by California wildfires, reports $4.1m net loss
9th May 2025
Global Indemnity Group has announced its financial results for the first quarter of 2025, reporting a net loss available to common shareholders of $4.1 million, which includes $12.2 million after tax of net loss attributed to California Wildfire events in January. Excluding California Wildfires, the company reported a net income available ... Read the full article
HCI’s gross premiums earned up 17% to $300m in Q1’25
9th May 2025
Florida-domiciled insurtech HCI Group, Inc. has reported a 17% rise in consolidated gross premiums earned to $300.4 million for the first quarter of 2025, up from $256.6 million in Q1 2024, driven primarily by assumptions of policies from Citizens Property Insurance Corporation, the state’s insurer of last resort. For Q1’25, HCI ... Read the full article
Saudi Re sees net profit of SAR 35.4m in Q1’25
9th May 2025
Saudi Re has reported a net profit after zakat attributable to shareholders of SAR 35.4 million for Q1 2025, up from SAR 31.8 million in the same period last year. The company attributed the increase in net profit primarily to a 56% rise in reinsurance revenue, a 28% growth in net ... Read the full article
QBE’s GWP up 7% to $8.3bn in Q1’25
9th May 2025
Australian insurer QBE has reported strong gross written premium growth in Q1 2025, up 7% compared to the same period of 2024 to $8.3 billion. Excluding premium rate increases of 3.4%, QBE noted that ex-rate growth of 7% was driven by ongoing and relatively broad momentum in International and North America. The ... Read the full article
Hamilton posts Q1’25 net income of $81m as catastrophes drive underwriting loss
8th May 2025
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported net income of $81 million for the first quarter of 2025, down considerably on the prior year's $157 million, as the firm's underwriting result was hit by the California wildfires in January. The re/insurer has reported a Q1’25 combined ratio of 111.6%, up from ... Read the full article
Liberty Mutual’s Q1’25 net income surpasses $1bn despite significant cat losses
8th May 2025
Liberty Mutual Holding Company Inc. (LMHC), a global property and casualty insurer, reported net income attributable to LMHC of $1.025 billion for the first quarter of 2025, down from $1.535 billion in the same period in 2024, as catastrophe losses surged 121% year-on-year. Given the higher cat load, the company’s underwriting ... Read the full article
Greenlight Re’s Q1’25 net income rises despite catastrophes driving underwriting loss
8th May 2025
Reinsurer Greenlight Re's net income increased to $29.6 million in the first quarter of 2025, as a stronger investment result more than offset a $7.8 million underwriting loss amid elevated losses from catastrophes. Greenlight Re’s underwriting performance weakened compared to the prior year, swinging from a $3.4 million underwriting profit in ... Read the full article
Zurich’s P&C business sees insurance revenue & GWP rise 5% in Q1’25
8th May 2025
Zurich has reported that insurance revenue and gross written premiums (GWP) in its Property & Casualty (P&C) segment rose by 5% each in Q1 2025, reaching $10.8 billion and $13.3 billion, respectively. According to Zurich, the Q1 2025 growth was supported by higher premium rates of 4% in P&C, which was ... Read the full article
Verisk reports strong Q1 2025 results with 6.8% underwriting growth and healthy profitability
8th May 2025
Verisk Analytics, a data analytics and technology provider, reported a 6.8% growth in underwriting revenues for the first quarter of 2025, with an even stronger increase of 7.2% on an organic constant currency (OCC) basis. Underwriting revenue in the quarter jumped from $498 million to $532 million, while claims increased to ... Read the full article
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
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