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.
Verisk reports solid revenue and income growth in Q3’24
30th October 2024
Verisk, the global data analytics and technology provider has reported its financial results for the third quarter of 2024, which includes an increase in its consolidated and organic constant currency (OCC) revenues, with growth contributions from both underwriting and claims within insurance. The organisation's consolidated revenues were $725 million, up 7.0%, ... Read the full article
Chubb’s Q3 P&C underwriting income climbs 12% to $1.5bn
30th October 2024
Global property and casualty insurer Chubb has reported P&C underwriting income for Q3 2024 of $1.46 billion, up 11.7% from the same period in 2023, with a combined ratio of 87.7%. This occurred despite the firm disclosing pre-tax catastrophe losses of $765 million in Q3, including $250 million from Hurricane Helene, ... Read the full article
Brown & Brown’s net income rises by 33% to $234m for Q3’24
29th October 2024
Brown & Brown, the insurance brokerage, in its unaudited results for Q3 2024 has reported net income of $234 million, an increase of $58 million, or 33% from the previous year’s $176 million. Simultaneously, revenues for Q3 2024 under U.S. generally accepted accounting principles (GAAP) were reported at $1.2 billion, increasing ... Read the full article
MAPFRE RE sees 9M’24 premiums hit €6.3bn as net result climbs 9.3%
29th October 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums reached almost €6.3 billion in the first nine months of 2024, up 3.5% from last year, while the net result hit €207 million. MAPFRE RE's premium figure in the first 9M includes the reinsurance business, which contributes more ... Read the full article
ARPC reports strong operating result of $710m for FY 2023-24
28th October 2024
The Australian Reinsurance Pool Corporation (ARPC), a government-backed provider of reinsurance for terrorism-related risks, has released its 2023-24 Annual Report, posting an operating result of $710.1 million. During this time, ARPC received a total of $1.1 billion in gross written premiums and net assets of $1.67 billion under management. Dr. Christopher Wallace, ... Read the full article
The Hartford posts 18% rise in net income in Q3, P&C CAY CAT losses reach $247m
25th October 2024
Property & casualty (P&C) insurer The Hartford has posted an 18% year-on-year increase in net income to $761 million for the third quarter of 2024, driven by double-digit earned premium growth in both its Commercial and Personal Lines segments, as well as lower net realised losses and higher net investment ... Read the full article
Cincinnati sees combined ratio increase in Q3 ’24 due to cat losses
25th October 2024
Cincinnati Financial Corporation has announced its financial results for the third quarter of 2024, reporting a combined ratio for the Consolidated Property Casualty Insurance segment of 97.4%, an increase from 94.4% in the same period last year driven by a peak in catastrophes. In the third quarter of 2024, the insurer ... Read the full article
Aon’s Reinsurance Solutions generates 7% organic revenue growth in Q3’24
25th October 2024
Global insurance and reinsurance broking group Aon has reported a 26% year-on-year rise in total revenue to $3.7 billion for the third quarter of 2024, with solid organic revenue growth across the business, including 7% to $503 million in its Reinsurance Solutions arm. Aon noted that this increase in total revenue ... Read the full article
Kinsale Capital reports net income of $114.2m, after-tax cat losses surge to $10.8m for Q3’24
25th October 2024
Kinsale Capital Group, Inc. has reported a net income of $114.2 million for Q3 2024, which includes after-tax catastrophe losses of $10.8 million, compared to after-tax catastrophe losses of $0.9 million in Q3 2023, when the net income was $76.1 million. For the quarter, gross written premiums (GWP) increased by 18.8% ... Read the full article
Universal Insurance reports Q3’24 CoR of 116.9% and net loss of $16.2m
25th October 2024
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a Q3 2024 combined ratio of 116.9%, up by 6.2 points from the comparative quarter, reflecting an increase in both the net loss and net expense ratios. The insurer’s net loss ratio increased by 4.7 points in Q3 2024 to ... Read the full article
A. J. Gallagher sees Q3 net earnings hit $314.1m as revenues increase 13%
25th October 2024
Global insurance broker Arthur J. Gallagher & Co. has reported net earnings of $314.1 million for Q3 of 2024, up 12% from the same period of last year, while total revenues increased 13% to $2.77 billion. Gallagher's EBITDAC also improved to $691 million in Q3 of 2024, up from $606.1 million ... Read the full article
Donegal Group’s CoR reaches 96.4% in Q3, insurance subsidiaries see $6m net loss from Helene
24th October 2024
US primary holding company Donegal Group has announced its financial results for the third quarter of 2024, reporting a net income of $16.8 million, compared to net loss of $0.8 million from the prior year quarter. At the same time, Donegal posted a combined ratio of 96.4% for the quarter, a ... Read the full article
Goosehead’s net income reaches $12.6m in Q3, revenues up 10%
24th October 2024
Goosehead Insurance, the independent personal lines insurance agency, has released its financial results for the third quarter of 2024, which includes a $12.6 million net income, a notable improvement from the prior year's $11.3 million. At the same time, Goosehead's total Adjusted EBITDA was $26.1 million for Q3'24, in comparison to ... Read the full article
B.P. Marsh sees Net Asset Value increase to £252.9m in H1’24
23rd October 2024
B.P. Marsh & Partners, the specialist private equity investor, has reported that Net Asset Value increased by £23.7 million to £252.9 million in its half-year results for the six months to July 31, 2024, representing a notable increase from £229.2 million, which the firm recorded on January 31, 2024, and ... Read the full article
Selective sees net income growth, cat losses increase CoR in Q3’24
22nd October 2024
Selective Insurance Group, Inc. has announced its financial result for the third quarter of 2024, reporting an improved net income of $90.0 million and $1,157.6 million net premiums written (NPW). According to the insurer, NPW increased 9% from a year ago driven by accelerating renewal pure price increases and stable Standard ... Read the full article
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