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.
Mercury’s CoR strengthens as premiums rise in 2024
12th February 2025
Mercury General Corporation, a provider of auto and homeowners insurance, reported robust underwriting growth in the fourth quarter of 2024, reflecting continued premium expansion and improved profitability. The company achieved strong growth, with net premiums earned rising to $1.35 billion in Q4 2024, a 18% increase from $1.14 billion in the ... Read the full article
Suncorp posts H1’25 net profit as natural hazard costs stay within budget
12th February 2025
Australian insurer Suncorp has reported net profit after tax of A$1.1 billion for H1 of its 2025 financial year, while gross written premium in its General Insurance business increased by 8.9% compared to the same period in the prior year. According to Suncorp, this net profit result includes a one-off gain ... Read the full article
MAPFRE RE sees premiums grow 6.7% in 2024 to €8.4bn
12th February 2025
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported premiums of nearly €8.4 billion for full-year 2024, marking a 6.7% increase from 2023. This total includes €6.6 billion from its reinsurance business and over €1.8 billion from its global risks division. The reinsurer’s combined ratio improved to 93.6%, down 2 ... Read the full article
AIG reports Q4’24 net income of $898m as GI net premiums climb 6%
12th February 2025
AIG has reported net income attributable to common shareholders of $898 million for Q4 2024, a significant increase from $86 million in the same period of 2023, while General Insurance net premiums written (NPW) rose to $6.1 billion. It is worth noting that in Q4 2024, AIG realigned its organisational ... Read the full article
Cincinnati sees net operating income up in Q4’24 and improved CoR
11th February 2025
Cincinnati Financial Corporation has announced its financial results for the fourth quarter of 2024, reporting a net income of $405 million, down from $1.183 billion seen in the same period the year prior. According to the report, the change is primarily attributed to a $107 million after-tax decrease in the fair ... Read the full article
Arch reports Q4’24 net income of $925m despite elevated cat environment
11th February 2025
Arch Capital Group's Q4 2024 net income available to common shareholders was $925 million, down from the $2.3 billion recorded in Q4 2023. According to Arch, pre-tax current accident year catastrophic losses for insurance and reinsurance segments, net of reinsurance and reinstatement premiums, were $393 million, partly due to Hurricanes Milton ... Read the full article
Robust new business momentum continues at Canada Life Re with strong 2024 performance
10th February 2025
Canada Life Reinsurance, part of Great West Lifeco, had a strong fourth quarter of new sales on the back of strong market conditions, as the company's contractual service margin (CSM) grew 40% year-on-year. When compared with Q4 2023, Canada Life Re's CSM increased to CAD 2.436 billion from CAD 1.745 billion, ... Read the full article
CNA Financial’s Q4’24 net income impacted by pension settlement
10th February 2025
Chicago-based insurer CNA Financial Corporation reported a net income of $21 million for the fourth quarter of 2024, a lower figure compared to the $367 million reported during the same period in 2023. According to the insurer, the quarter’s net income includes $290 million after-tax loss from a previously announced pension ... Read the full article
Ark reports 83% CoR in 2024 despite high nat cat losses
7th February 2025
White Mountains has released full-year results for its property and casualty re/insurance subsidiary, Ark Insurance Holdings Limited, reporting a combined ratio of 83% for the year ended December 31, 2024, compared to 82% in 2023. According to the firm, Ark's combined ratio included 13 points of catastrophe losses in 2024, primarily ... Read the full article
Talanx increases net income to €2bn in 2024
7th February 2025
Talanx Group, a European insurance provider and the parent of large reinsurer Hannover Re, reported a 25% increase in net income, reaching €1.977 billion for the 2024 financial year, based on preliminary figures. The company saw strong growth in insurance revenue, which rose 11% to €48.1 billion compared to €43.2 billion ... Read the full article
RGA sees net premiums swell 18% in 2024 to $17.8bn
7th February 2025
Reinsurance Group of America (RGA) has reported that net premiums for the full year 2024 totalled $17.8 billion, marking an increase of 18.3% from 2023. According to the firm, net premiums for the full year 2024 included a contribution of approximately $2.9 billion from single premium pension risk transfers, compared with ... Read the full article
Skyward Specialty commutes LPT with R&Q Re (Bermuda)
7th February 2025
Skyward Specialty Insurance Group, Inc. has commuted the Loss Portfolio Transfer and Adverse Development and Retrocession Agreement (LPT) with R&Q Re (Bermuda) Ltd. (R&Q) relating to accident years 2018 and prior, receiving $11.7 million in cash. Additionally, on December 31st, 2024, Skyward strengthened LPT loss reserves by $25.3 million and recognised ... Read the full article
Markel “pretty pleased” with 1.1 reinsurance renewal: Noble
6th February 2025
The reinsurance market has seen a largely "orderly" start of the year, with favourable terms and pricing in some sectors, Markel’s Jeremy Noble, President of Insurance, noted as he commented on the company’s recent 1.1 reinsurance renewals, expressing satisfaction with the outcome. He stated: “With regards to 1.1, where we buy ... Read the full article
Allstate expects $900m in reinsurance recoveries from LA wildfires
6th February 2025
U.S. primary insurer Allstate has estimated that its gross losses from the Los Angeles, California wildfires will be $2 billion, and after reinsurance recoveries of $900 million under its per-occurrence tower, the firm is projecting a net loss of $1.1 billion from the event. The insurer's LA wildfire loss estimate comes ... Read the full article
Markel’s operating income hits $3.71bn in 2024 as CoR improves
6th February 2025
Markel has reported an operating income of $3.71 billion for the full year 2024, alongside an improved combined ratio of 95.2%. The firm's insurance business contributed $601 million to the total 2024 operating income, marking a 73% increase from $348.1 million in 2023. Meanwhile, the investment business contributed $2.77 billion, and ... Read the full article
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