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.
Zurich sees record operating profit in 2024 as P&C CoR improves to 94.2%
20th February 2025
Zurich has reported a record business operating profit for 2024 of $7.8 billion, while its P&C business continued to improve by focusing on underwriting discipline, with a combined ratio of 94.2%. Operating profit in the P&C business alone was 4.2 billion million in 2024, up 8% compared to 2023. Meanwhile, gross written ... Read the full article
SiriusPoint reports underwriting income of $200m for 2024
19th February 2025
SiriusPoint has reported a full-year 2024 core income of $244.6 million, including underwriting income of $200 million, with a core combined ratio of 91%. The firm's 2024 total core income declined from $291.4 million in 2023, while underwriting income also fell from $250.2 million (89.1% combined ratio). According to SiriusPoint, the decrease ... Read the full article
Conduit Re posts strong growth and underwriting performance amid elevated cat activity in 2024
19th February 2025
Bermuda-based Conduit Re generated gross premiums written (GPW) of $1.16 billion in 2024, an increase of almost 25% year-on-year, as the company reports a return on equity (ROE) of 12.7% for the year despite the elevated catastrophe experience. The reinsurer states that it achieved "deliberate and targeted" growth across its three ... Read the full article
Miller reports total revenues of £271m for 2024, reveals new brand
17th February 2025
Independent specialist insurance and reinsurance broker Miller has reported total revenues of £271 million for the full year 2024, a 13% increase from 2023, driven almost entirely by 12% organic growth. The firm's total gross written premium placed in 2024 stood at $4 billion, while the EBITDA margin remained above 30%, ... Read the full article
Trisura reports net income and insurance revenue increase in Q4’24
17th February 2025
Trisura Group Ltd., a specialty insurance provider, has released its financial results for the fourth quarter of 2024, reporting increased net income and insurance revenue, to $19.3 million and $794.2 million, respectively. Net income for the quarter increased 70.1%, compared to Q4 2023’s $11.3 million, as a result of growth in ... Read the full article
Sompo International’s GPW reach $12.47bn in 3Q FY’24
14th February 2025
Sompo International’s commercial P&C business has reported that gross premiums written reached $12.47 billion in the first nine months of the 2024 fiscal year (3Q FY2024), up $542 million from the same period of 2023, driven by growth in Global Markets and Reinsurance. Of the total gross premiums written figure for ... Read the full article
Assurant’s California wildfire losses could exceed $150m cat reinsurance retention
14th February 2025
In its outlook for 2025, US specialty insurance group Assurant has reported that its catastrophe losses from the California wildfires are expected to “approach or slightly exceed” its per-event catastrophe reinsurance program retention of $150 million. The firm issued this update on the impact of the Los Angeles wildfires as part ... Read the full article
Tokio Marine’s international segment sees increased profits with 5.4% net premium growth
14th February 2025
Tokio Marine Holdings has announced its results for the fiscal year third quarter of 2024 (January to September), highlighting strong growth in its international non-life insurance business. Net premiums written for the international segment reached JPY 2,383.5 billion, a 5.4% increase compared to JPY 2,351.4 billion in Q3 2023. The company ... Read the full article
MS Re’s FY’24 Q3 result boosted by strong underwriting and investment performance
14th February 2025
MS Reinsurance (MS Re), a global reinsurance provider, delivered strong financial growth in the first nine months of fiscal year 2024, driven by solid underwriting performance, significant premium expansion, and strong investment gains. MS Re’s underwriting performance remained strong, with insurance service profit rising to $215 million, an increase of $56 ... Read the full article
Fairfax sees record underwriting profit of $1.8bn in 2024
14th February 2025
Fairfax Financial Holdings' consolidated undiscounted combined ratio for its property and casualty insurance and reinsurance operations improved to 92.7% in 2024, resulting in a record underwriting profit of $1.79 billion, despite absorbing higher catastrophe losses of $1.01 billion. This compares to an undiscounted combined ratio of 93.2% and an underwriting profit ... Read the full article
MS Amlin Underwriting (MS AUL) posts improved profit for Q3’24
14th February 2025
Global insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has reported a 5% year-on-year rise in insurance service profit to £130 million for the period January to September 2024, as the firm highlights continued growth and profitability. MS AUL, which includes Lloyd’s Syndicate 2001, Amlin Corporate Member Limited, and AUL ... Read the full article
Kuwait Re’s net profit climbs 30% to $46m in 2024
13th February 2025
Kuwait Reinsurance Company has reported a net profit after tax of $45.93 million for the full year 2024, an increase of 30% as compared to the $35.22 million figure posted in 2023. The firm's insurance revenue was also up in 2024, climbing 12% from $232.11 million in 2023 to $259.88 million. Meanwhile, ... Read the full article
Palomar reports strong 23% growth in premiums for Q4’24
13th February 2025
Palomar Holdings, Inc., a specialty insurer, posted strong underwriting performance in 2024, with significant increases in premiums and underwriting income, driving robust financial performance for the fourth quarter and full year. In the fourth quarter 2024, Palomar saw impressive growth in its underwriting operations. Gross written premiums surged 23.3%, reaching $373.7 ... Read the full article
IAG posts 91% surge in net profit to A$778m in H1’25
13th February 2025
Australian insurer IAG has reported a net profit after tax of A$778 million for the first half of the 2025 financial year, a significant 91% increase from A$407 million in the same period last year. IAG noted that this increase was largely driven by a A$140 million post-tax release from the ... Read the full article
Corebridge Financial reports hike in net income for Q4 & FY’24 at $2.2bn
13th February 2025
Corebridge Financial, the American multinational financial services company, has reported 2024 fourth-quarter net income of $2.2 billion compared to a loss of $1.3 billion in the prior year's quarter, as the firm’s full-year 2024 net income rose to $2.2 billion from $1.1 billion in 2023. Corebridge explained that the variance was ... Read the full article
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