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.
American Coastal’s CoR increases and net income down in Q4’24
28th February 2025
American Coastal Insurance, a property and casualty insurance holding company, has released its financial results for the fourth quarter, reporting a combined ratio of 91.9% despite the devastating impact of natural catastrophes. Compared to Q4 2023, the insurer’s combined ratio increased 32pts from 59.9%. American Coastal Insurance reported a Q4 net income ... Read the full article
HCI reports gross premiums earned increase of 38% in Q4’24
28th February 2025
Florida-domiciled insurtech HCI Group, Inc. has reported that consolidated gross premiums earned increased by 38% to $297.5 million for Q4'24, up from $215.2 million in Q4 2023, driven primarily by assumptions of policies from Citizens Property Insurance Corporation, the state's insurer of last resort. The insurer’s pre-tax income for Q4 2024 ... Read the full article
Brit’s profits rise in 2024 as written premiums reach $3.78bn
28th February 2025
Brit Insurance has posted a profit before tax from continuing operations of $661 million for 2024, up from $623.9 million in 2023, while insurance premium written expanded to $3.78 billion. The firm also reported a discounted combined ratio for continuing business of 75.7% for 2024, down from 76.2% in 2023. The ... Read the full article
Aspen posts strong underwriting gains for 2024 as net income rises
28th February 2025
Bermuda-based Aspen Insurance Holdings has reported an improved underwriting result for the fourth quarter and full year 2024, despite higher catastrophe losses in its insurance and reinsurance segments for both periods. Group-wide, underwriting income increased by 102.8% to $143 million in Q4 2024 and rose by 5.8% to $345.8 million for ... Read the full article
Allianz sees record operating profit in 2024 as all segments grow
28th February 2025
Allianz has reported a record operating profit of €16 billion for 2024, up 8.7% from 2023, supported by all business segments, with the Property-Casualty business being the main driver. Meanwhile, the firm's net income attributable to shareholders in 2024 was €9.9 billion, up 16.3% from 2023, while total business volume grew ... Read the full article
Ageas Re achieves 21% GWP growth in 2024 as net earnings rise to €164m
27th February 2025
Ageas Re, the reinsurance arm of international insurance group Ageas, recorded year-on-year gross written premium (GWP) growth of 21% in 2024 to €2.19 billion, driven by a solid performance in both Capital Management and Protection, while the combined ratio strengthened amid "healthy underwriting discipline." The reinsurer's Protection business combined ratio improved ... Read the full article
Ambac posts improved 96.5% CoR for Q4’24
27th February 2025
Ambac Financial Group, Inc., a financial services holding company specialising in insurance and reinsurance, reported strong growth in its fourth-quarter 2024 results. Ambac’s underwriting performance for the fourth quarter of 2024 saw continued progress, particularly in its Specialty P&C insurance and Insurance Distribution segments. The company reported $59.99 million in gross written ... Read the full article
Aviva’s operating profit hits £1.77bn in 2024 as GI premiums climb 14%
27th February 2025
Aviva reported a group operating profit of £1.767 billion for 2024, marking a 20% increase from £1.467 billion in 2023, driven by continued strategic and operational momentum. At the same time, Aviva's General Insurance premiums were up 14% to £12.204 billion, with an undiscounted combined ratio of 96.3% and discounted combined ... Read the full article
Verisk reports revenue and income increase in Q4’24
27th February 2025
Verisk, a global data analytics and technology provider, has reported consolidated revenues of $736 million for the fourth quarter of 2024. This figure was up 8.6% on a consolidated and an organic constant currency (OCC) basis., with solid growth contributions from both underwriting and claims within Insurance. For the full year 2024, ... Read the full article
Hamilton reports underwriting income of $149m for FY’24 with 91.3% CoR
27th February 2025
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported a slightly weaker full year (FY) 2024 combined ratio of 91.3% and higher underwriting income of $149.4 million, as gross premiums written (GPW) hit $2.4 billion, an increase of 24.2% or $471.5 million compared to FY’23. The increase in premiums was driven by ... Read the full article
AXA’s GWP & other revenues up to €110bn in 2024 with 10% growth at AXA XL Re
27th February 2025
Global insurer AXA's property and casualty (P&C) and specialty risk division, AXA XL, achieved a combined ratio of 91% for full year 2024, a 2.1 percentage point improvement on the prior year, as gross written premiums (GWP) and other revenues increased 7% to €56.5 billion, supported by 10% growth at ... Read the full article
Hiscox Re & ILS profit soars in 2024 as ICWP exceeds $1bn
27th February 2025
Hiscox Re & ILS, the international reinsurance and insurance-linked securities arm of Hiscox, has reported a 2024 pre-tax profit of $267.5 million, up from $221.4 million in 2023, alongside an improved undiscounted combined ratio of 69%. Hiscox Re & ILS surpassed the $1 billion insurance contract written premium (ICWP) mark in ... Read the full article
Swiss Re’s net income rises to $3.2bn for 2024 as P&C Re book grows 7% at Jan 1 renewals
27th February 2025
Global reinsurer Swiss Re generated net income of $3.2 billion in 2024, up roughly 3% on 2023's $3.1 billion, driven in part by disciplined underwriting of new business as the firm's underwriting profit declined by approximately 9% to a still strong $4.3 billion. Group-wide, Swiss Re has today reported an ROE ... Read the full article
China Re says FY’24 net profit could be up 100% YoY
27th February 2025
China Re, the country's state-owned reinsurance company, has estimated that its net profit for the full year 2024 will increase be 80% to 100% when compared with the prior year, driven by an improved underwriting and investment performance. For 2023, China Re's net profit amounted to RMB5,652 million (~USD 780m). So, the ... Read the full article
Lemonade’s gross profit surges 90% as net loss narrows for 2024
26th February 2025
Lemonade, a technology-driven insurance company offering home, renters, pet, and auto coverage, saw its gross profit surge 90% year over year in the fourth quarter of 2024, reaching $64 million. This reflects a significant improvement in its financial performance. However, the company still reported a net loss of $30 million for ... Read the full article
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