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.

Everest Re reports £386m net operating income in Q2 2022

28th July 2022

Everest Re is reporting $386m in net operating income for Q2 2022, alongside 15.3% annualised operating ROE, and net income of $123m. The firm also revealed in a statement that it had over $3.4bn in gross written premiums over the same period, with year-on-year growth of 8.1% for the Group (10.3% ... Read the full article

SCOR posts H1 2022 net loss as nat cats, war in Ukraine & COVID-19 hit profitability

28th July 2022

French reinsurer SCOR has reported a net loss of €239 million for the first half of 2022, driven by claims related to the drought in Brazil, flooding in Australia and other weather events, the war in Ukraine, and further losses related to the COVID-19 pandemic. The net loss announced by SCOR ... Read the full article

Chubb sees record earnings despite net income fall

27th July 2022

Global insurer Chubb has reported net income of $1.22 billion for the second quarter of 2022, after falling from $2.27 billion in the previous year. According to the insurer the net income in the quarter was adversely impacted by realised losses of $565mn after tax, principally due to the mark-to-market impact ... Read the full article

AXIS reports $22mn fall in Q2 operating income

27th July 2022

Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has reported operating income of $149 million for the second-quarter of 2022, down from $171 million in the prior year quarter. Net income for the quarter was $27 million, down from $228 million in the prior year quarter. Within the insurance segment, gross premiums ... Read the full article

Lancashire grows premiums by 35% in H1 2022 as combined ratio strengthens

27th July 2022

Lancashire Holdings Limited has announced an almost 35% rise in gross premiums written (GPW) for the first half of 2022 to $938.1 million, as the company's underwriting performance strengthened with a lower combined ratio of 78.2%. Alongside the growth in GPW, Lancashire has reported net premiums written (NPW) growth to over ... Read the full article

Conduit Re’s underwriting improves but Ukraine & investment losses dent result

27th July 2022

Bermuda-based Conduit Re has reported a rise in underwriting profit to $6.2 million for the first half of 2022, although the carrier has fallen to a comprehensive loss for the period after the impact of losses related to the war in Ukraine and net unrealised losses on investments. Across the business, ... Read the full article

Brown & Brown reports revenue increases of 15% in Q2 results

26th July 2022

Brown & Brown is reporting revenues of $839.7 million in its Q2 22 results. The firm said that this included a $112.4 million (15.5%) increase compared to Q2 21. Income before income taxes was $198.8 million, increasing 6.7% from the second quarter of the prior year with Income Before Income Taxes ... Read the full article

RenRe’s underwriting performance remains strong, but investments drive Q2 loss

26th July 2022

Bermuda-based reinsurer RenaissanceRe Holdings has fallen to a net loss of $325 million in the second quarter of 2022, as the macro financial market environment drove a negative investment result, somewhat offset by a solid underwriting performance in the period. While net investment income rose by more than $26 million to ... Read the full article

IAG reports rise in net profits

22nd July 2022

Australian insurer IAG is reporting that it saw net profits after tax of $347m in the year ending June 2022. The firm said that the results, which are still subject to finalisation and require Board approval, show a reverse from a $427m loss for the year ending June 2021. The results ... Read the full article

WR Berkley report bump in gross premiums written

22nd July 2022

WR Berkley Corporation is reporting that gross premiums written rose from $2.6bn to over $3bn between Q2 2021 and Q2 2022, according to the company’s latest results. The firm also said that gross premiums written jumped from $5.1bn to $5.9bn between H1 2021 and H1 2022. By its calculations, gross and ... Read the full article

Beazley’s H1 profit falls on investment losses as underwriting performance improves

22nd July 2022

Specialist re/insurer Beazley has reported a combined ratio of 87% for the first half of 2022, the best at a half year since 2015, although investment losses suffered in the period pushed down its pre-tax profit by 87%. Beazley's profit has declined from $167.3 million in H1 2021 to $22.3 million ... Read the full article

Travelers Q2 income sinks 41% to $551m

21st July 2022

US primary insurer Travelers has reported net income of $551 million for the second quarter of 2022, which represents a 41% decrease on the $934 million recorded in the same period last year. Travelers explained that its core income decreased primarily due to higher catastrophe losses, lower net investment income and ... Read the full article

Guy Carpenter sees 9% revenue growth in Q2 as Marsh McLennan reports ‘another strong quarter’

21st July 2022

Consolidated revenue at Marsh McLennan increased by 7% in the second-quarter of 2022 when compared with the previous year, supported by strong growth across the business, including at Guy Carpenter, the reinsurance arm of the global brokerage. Overall, insurance and reinsurance broker Marsh McLennan has reported revenue of $5.4 billion for ... Read the full article

Net loss of $2.2mn for RLI Corp in Q2 results

21st July 2022

US property and casualty insurer RLI Corp. has reported a net loss of $2.2 million in the second quarter of 2022, compared to net earnings of $81.8 million from the same period last year. The company’s operating earnings for the quarter were $67.4 million, a major increase from the $49.9 million ... Read the full article

Truist posts record insurance income for Q2

20th July 2022

Financial services firm Truist Financial Corporation has reported net income of $178 million for its Insurance Holdings segment in the second quarter of 2022. The company attributed its improved insurance result to continued organic growth, acquisitions and seasonality. The segment contributed to Truist’s overall net income of $1.45 billion, which was slightly ... Read the full article