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.
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
Antares reports GWP growth of 54% to $1.1bn in 2024
4th April 2025
Qatar Insurance Group’s UK and Bermuda-domiciled insurance subsidiary, Antares Group, recorded 54% year-on-year growth in gross written premiums (GWP) for 2024 in its core ongoing business to $1.1 billion, boosted by the addition of a sizeable reinsurance transaction. Organic premium growth, so excluding the reinsurance deal, was 15%. During 2024, profits from ... Read the full article
Arundo Re’s combined ratio strengthened in 2024 as turnover rose 15% to €1.36bn
3rd April 2025
Arundo Re, the French reinsurance company majority-owned by SMABTP, MACSF, and CCR, generated turnover of €1.361 billion in 2024, an increase of 15% year-on-year, as the company's undiscounted combined ratio strengthened by 1.9 percentage points to 94.7%. After reporting 13% premium growth across its portfolio at the January 1st, 2025, ... Read the full article
Austral Re sees record net profit of BRL 75m in 2024
1st April 2025
Austral Re has reported a record net profit of BRL 75 million for 2024, an increase of 155% compared to 2023. The firm stated that this record was achieved despite the catastrophic scale of flood losses in Rio Grande do Sul, showcasing its resilience and operational efficiency. Austral Re highlighted that, ... Read the full article
Peak Re generates $187m net profit for 2024
31st March 2025
Hong Kong-based global reinsurer Peak Re experienced a 6.7% year-on-year decrease in net profit to USD 187 million in 2024, according to unaudited figures reported in the annual results of its parent company, Fosun International. Despite this dip in net profit, Peak Re’s gross written premiums (GWP) saw a modest 0.1% ... Read the full article
Convex sees 2024 net income hit $506m as underwriting result improves 57%
31st March 2025
International specialty insurer and reinsurer Convex Group has revealed an underwriting result for 2024 of $381 million, up 57% from $242 million in 2023. Meanwhile, Convex's net profit attributable to common shareholders was $506 million in 2024, up slightly from $503 million in 2023. This marks its second consecutive year of ... Read the full article
China Re’s net profit up ~91% in 2024
28th March 2025
China Re, the country’s state-owned reinsurance company, reported a net profit of RMB 11,080,440 million (USD 1.53bn) for the year ended 31 December 2024, marking a roughly 91% increase from RMB 5,790,593 million (USD 797m) recorded the same period a year prior. This increase aligns with China Re’s estimate released last ... Read the full article
Ardonagh reports FY’24 income increase of 24%
27th March 2025
Global insurance intermediary The Ardonagh Group has reported a 24% increase in income for the full year 2024 (FY’24) to $1.99 billion as adjusted EBITDA grew by 31% to $683 million. The pro forma income for FY’24 was reported at $2.5 billion, and pro forma adjusted EBITDA is $941 million, including ... Read the full article
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