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.
Allstate posts 97.4% CoR for Q1’25 as record gross cat losses offset by $1.1bn of reinsurance recoveries
1st May 2025
The Allstate Corporation, a publicly held personal lines insurers in the United States, reported first quarter 2025 financial results reflecting a solid underwriting result and disciplined risk management, even in the face of severe weather events. The company led with robust performance in underwriting, reporting a Property-Liability underlying combined ratio of ... Read the full article
Lancashire’s GPW up 12.7% in Q1’25
1st May 2025
Bermuda-based insurer and reinsurer Lancashire Holdings Limited reported a 12.7% year-on-year increase in gross premiums written (GPW) to $712.1 million for the three months ended 31 March 2025, up from $631.7 million in the same period last year. The reinsurance segment contributed $482.3 million to the Q1 total, up from $399.7 ... Read the full article
AXIS reports dip in Q1’25 net income but underwriting result strengthens
1st May 2025
Bermuda-based insurer and reinsurer AXIS Capital Holdings has reported an improved combined ratio of 90.2% for the first quarter of 2025, up 0.9 points on the prior year, with stronger underwriting income in both its insurance and reinsurance segments. AXIS has reported a strong set of results for the opening quarter ... Read the full article
Everest reports positive net income as catastrophes drive underwriting loss
1st May 2025
Bermuda-domiciled insurer and reinsurer Everest Group has reported $472 million of pre-tax catastrophe losses, net of recoveries and reinstatement premiums, in the first quarter of 2025, primarily driven by the California wildfires, compared to $85 million in Q1’24, driving an underwriting loss for the firm. The carrier states that reinstatement premiums ... Read the full article
Hiscox posts Re & ILS premiums of $492m in Q1’25, expects more favourable mid-year renewals
1st May 2025
Specialist insurer Hiscox has reported an increase in Group insurance contract written premiums (ICWP) of 2.4% to $1.6 billion for the first quarter of 2025, with growth in Retail and London Market slightly offset by a decrease in the Re & ILS business when compared with the prior year. At Hiscox ... Read the full article
Markel posts strong Q1’25 insurance result despite California wildfire impact
1st May 2025
Insurer and reinsurer Markel Group's operating income declined to $282.5 million in the first quarter of 2025 compared with $1.34 billion in the prior year quarter, as the company's combined ratio rose slightly to 95.8% on the back of underwriting losses from the January 2025 wildfires in California. Markel's operating income ... Read the full article
RiverStone sees $260m in underwriting profits for 2024
30th April 2025
Legacy sector leader RiverStone International has reported $260 million in underwriting profits for 2024, up 22% from 2023's $213 million. RiverStone also disclosed $2.6 billion in net claims outstanding acquired in 2024, up from $2.2 billion in 2023, with six transactions closed in 2024. RiverStone's investment income also improved in 2024, rising ... Read the full article
Kinsale Capital’s Q1’25 net income impacted by $17.8m in cat losses
30th April 2025
Kinsale Capital Group, Inc. has announced its financial results for the first quarter of 2025, reporting a net income of $89.2 million, which includes after-tax catastrophe losses of $17.8 million. This year’s Q1 net income compared to the $98.9 million reported in Q1 2024, a period that also saw significant lower ... Read the full article
Peak Re reports second-best net profit of $187m in 2024 amid challenging market
30th April 2025
Hong Kong-based global reinsurer Peak Re has announced its 2024 full-year financial results, reporting a net profit after tax of $187 million, which marks the company’s second-best results in its 12-year history. The company attributed this success, driven by all of its business units, to its resilience and sustained profitability amid ... Read the full article
Arch Capital’s Q1’25 GPW up to $6.5bn as CoR rises to 90.1%
30th April 2025
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has reported an 8.9% increase in group-wide gross premiums written (GPW) to $6.5 billion for the first quarter of 2025, compared to $5.9 billion last year, as the firm's combined ratio deteriorated to 90.1% on higher catastrophe losses driven by the California ... Read the full article
Brown & Brown records Q1’25 revenue growth of 12% to $1.4bn
30th April 2025
Insurance brokerage Brown & Brown, in its unaudited 2025 first quarter results, reported revenue growth of $146 million, or 11.6% to $1.4 billion, under US GAAP, compared to total revenues of $1.2 billion in Q1’24. For Q1’25, the firm's income before income taxes was $427 million, a 17.3% increase from the ... Read the full article
Aspen reports increased GWP in unaudited Q1’25 results
29th April 2025
Aspen Insurance Holdings Limited has released its unaudited results for the first quarter of 2025, reporting an increase in gross written premiums (GWP) alongside a notable decrease in profitability. The Bermuda-based re/insurer reported GWP of $1.287 billion for Q1 2025, up from $1.231 billion in the same period last year. Year on ... Read the full article
Cincinnati posts net loss of $90m in Q1’25
29th April 2025
Cincinnati Financial Corporation has reported a net loss of $90 million for the first quarter of 2025, compared with net income of $755 million for the same period a year earlier. The loss was driven in part by a $56 million after-tax reduction in the fair value of equity securities still ... Read the full article
Talanx reports preliminary consolidated net income of €604m for Q1’25
29th April 2025
European insurer and parent of large reinsurer Hannover Re, Talanx Group, has reported preliminary consolidated net income of €604 million for the first quarter of 2025. To compare, last year, in the first quarter, the group reported consolidated net income of €576 million. Despite an above-average large loss burden, the group’s current ... Read the full article
Beazley’s premiums reach $1.51bn in Q1’25 as growth momentum continues
29th April 2025
Specialist insurer Beazley has reported that its insurance written premiums reached $1.51 billion in Q1 2025, representing a 2% increase compared to the same period in 2024. Breaking down the Q1 2025 total, the Property Risks division contributed $482 million, Specialty Risks $461 million, MAP Risks $258 million, Cyber Risks $247 ... Read the full article
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