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.
The Fidelis Partnership sees GWP rise 29% in 2024
20th March 2025
The Fidelis Partnership, a privately owned, Bermuda-domiciled managing general underwriter, has reported gross written premium (GWP) growth of 29% across the group to $4.6 billion for full year 2024. Group-wide, GWP increased from the $3.6 billion in 2023, with Fidelis Insurance Group's GWP hitting $4.4 billion, up 23% year on year. Additionally, ... Read the full article
Lloyd’s posts strong £9.6bn profit for 2024 despite rise in major losses
20th March 2025
2024 was another strong year for the specialist Lloyd's insurance and reinsurance marketplace, with profit before tax of £9.6 billion and a combined ratio of 86.9%, slightly up on the previous year's 84% amid a higher major claims ratio due to significant events in the year. Today, Lloyd's has released its ... Read the full article
Ping An P&C’s net profit swells 67.7% in 2024
19th March 2025
Ping An Insurance Company of China has disclosed that its property & casualty (P&C) segment achieved a net profit of RMB 15,021 million in 2024, marking a significant 67.7% increase compared to 2023. The segment maintained steady growth and strong business performance throughout the year, with insurance revenue for Ping An ... Read the full article
Talanx sees net income climb 25% in 2024 as insurance revenue hits €48.1bn
19th March 2025
Talanx has disclosed a net income of €1.977 billion for 2024, up 25% over the previous year, while the firm's combined ratio also improved to 90.3%. At the same time, Talanx's insurance revenue rose 11% to €48.1 billion in 2024, while the firm's operating profit (EBIT) reached €4.9 billion. All divisions reportedly ... Read the full article
PartnerRe reports non-life CoR of 90.6% for 2024 as GPW rises to $9.35bn
19th March 2025
Bermuda-domiciled reinsurer PartnerRe has reported a non-life combined ratio of 90.6% for the full year 2024 (FY’24), as the underwriting result reached $532 million, driven by the specialty segment contributing $331 million and the property and casualty (P&C) segment contributing $201 million. Group-wide, PartnerRe's gross premiums written (GPW) for FY’24 were ... Read the full article
MS Amlin posts 12% rise in underwriting profit for 2024 as GWP hits $2.2bn
18th March 2025
MS Amlin, the Lloyd’s global insurer and reinsurer and Managing Agent of Syndicate 2001, has reported a 12% rise in underwriting profit from its continuing business to $250.4 million for full year 2024, as gross written premiums (GWP) rose 1% year on year to $2.222 billion. For context, MS Amlin's continuing ... Read the full article
Saudi Re reports 282% rise in net profit for 2024
17th March 2025
Saudi Re has reported net profit after zakat (a religious obligation for all Muslims who meet the necessary wealth criteria) of SAR 475 million for 2024, reflecting a 282% increase from 2023, driven by improved underwriting results. During the year, the reinsurer's underwriting results improved significantly, with net reinsurance results increasing ... Read the full article
REVO Insurance posts strong 2024 results with GWP of €309m
14th March 2025
REVO Insurance, the first Italian company specialised in parametric policies and specialty lines, reported gross written premiums of €308.8 million as of December 31, 2024, marking a 42.8% increase from €216.2 million in the previous year. The 2024 financial year confirmed the project’s solidity, with steady progress across all economic and ... Read the full article
Probitas posts record results in 2024 with NCOR of 77.9%
13th March 2025
Probitas 1492 has achieved its seventh consecutive year of excellent financial performance in 2024, posting an undiscounted Net Combined Operating Ratio (NCOR) of 77.9% and UK GAAP pre-tax profit of £62 million, representing a 17% increase compared to 2023. 2024 also marks the fourth consecutive year of delivering an NCOR below ... Read the full article
Global Indemnity sees 71% net income increase in 2024
13th March 2025
Global Indemnity Group (GBLI) has released its financial results for 2024, which include a 71% increase in net income available to shareholders of $42.8 million, compared to $25.0 million from the same period in 2023. GBLI’s operating income for the year also witnessed a notable increase, growing 51% to $42.9 million, ... Read the full article
Generali sees record operating result in 2024 as GWP swell to €95.2bn
13th March 2025
Generali has revealed that its operating result grew to a record €7.295 billion in 2024, driven by a positive performance in all of its business segments, including a significant Asset & Wealth Management contribution. Breaking down this record 2024 figure, Generali's P&C operating result grew to €3.052 billion (+5.1%), with a ... Read the full article
Hannover Re posts 28% rise in net income for 2024 as CoR strengthens to 86.6%
13th March 2025
Large European reinsurer Hannover Re's net income increased by 28% in 2024 to €2.3 billion, reaching the revised higher guidance, with a substantial improvement in property and casualty (P&C) operating profit and a solid life and health (L&H) performance. Hannover Re has today reported a very strong set of results ... Read the full article
VIG’s GWP rises to €15.2bn for 2024 as insurer reports storm Boris claims of €617m
12th March 2025
Vienna Insurance Group (VIG) has reported a preliminary gross written premiums growth (GWP) of 10% to €15.2 billion for 2024, driven by growth in all reporting segments and lines of business. At the same time, VIG recorded a net combined ratio of 93.4% for 2024, a slight increase from 2023’s 92.6%, ... Read the full article
IQUW sees GWP grow 22% in 2024 with 83.3% CoR
12th March 2025
Specialty insurer and reinsurer, IQUW has announced its financial results for the year ending 31 December 2024, reporting a combined operating ratio of 83.3% and gross written premium (GWP) growth of 22%. 2024’s combined ratio was slightly higher compared to the 80.9% reported in 2023. This year’s $1.1 billion in gross written ... Read the full article
Heritage continues growth momentum in 2024 as net income climbs 36%
12th March 2025
Heritage Insurance Holdings, Inc. has reported a net income of $61.539 million for 2024, up 35.8% from 2023, despite the impact of catastrophic weather resulting in retention events in the third and fourth quarters. Heritage's total revenue in 2024 reached $816.985 million, an 11.1% increase from 2023. The firm also disclosed gross ... Read the full article
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