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.
Hannover Re sees book grow 7.6% at Jan 1 as 2024 net income reaches €2.3bn
6th February 2025
Large European reinsurer Hannover Re has reported an increase in premium income in traditional property and casualty reinsurance by 7.6% at the 1 January 2025 treaty renewals, while its net income increased to €2.3 billion in the 2024 financial year. "The good quality of the renewed business was maintained, while an ... Read the full article
American Financial reports strong Q4’24 earnings
5th February 2025
American Financial Group, Inc. (AFG) has announced its fourth-quarter 2024 financial results, reporting net earnings of $255 million, slightly down from $263 million in the same period in the prior year. Despite the slight decrease in net earnings, the company saw significant growth in core net operating earnings for Q4 2024, ... Read the full article
GIC Re’s underwriting loss narrows in 9M’24 as premiums rise
5th February 2025
GIC Re, the Indian public sector reinsurer, reported an underwriting loss of ₹2,959.34 crore for the nine months ended December 31, 2024, compared to a loss of ₹4,576.63 crore for the same period in 2023, although gross premiums increased from ₹28,458.11 crore to ₹30,786.87 crore year-over-year. The reinsurer’s net premiums rose ... Read the full article
The Hanover reports $1.5bn in NPW for Q4’24 as CoR improves to 89.2%
5th February 2025
The Hanover Insurance Group has reported an increase in net premiums written (NPW) for the fourth quarter of 2024 to $1.45 billion or 7.4%, as well as an improved combined ratio of 89.2% from 94.2% in Q4 2023. The improvement in the combined ratio was driven by a lower catastrophe ratio ... Read the full article
Howden reports revenue of £3bn in 2024 with 30% organic reinsurance growth
5th February 2025
Howden has disclosed that adjusted revenue grew by 23% to £3.01 billion in 2024, with organic growth of 30% in its reinsurance segment, driven by a strong performance of the Treaty business across London and North America, Howden Re Programs and binder business. According to the firm, new talent contributed much ... Read the full article
WTW posts revenue of $9.93bn for 2024 amid segment growth
4th February 2025
Global advisory, broking and solutions firm WTW has revealed in its full-year results revenue of $9.93 billion, an increase of 5% as compared to the $9.48 billion recorded in 2023. WTW’s Health, Wealth & Career segment made up $5.77 billion of the total 2024 revenue, while its Risk & Broking segment ... Read the full article
Everest’s record 2024 investment income offsets adverse US casualty reserve development
4th February 2025
Everest has reported a record net investment income of around $2 billion in its full-year 2024 results, with gross written premiums rising to $18.2 billion, up 9.1% year-over-year, driven by growth in its Reinsurance and Insurance segments. The firm's full-year 2024 combined ratio stood at 102.3%, with a Reinsurance segment combined ... Read the full article
The Hartford reports Q4’24 net premium growth
31st January 2025
The Hartford has announced its financial results for the fourth quarter of 2024, reporting a net income of $848 million, which increased 11% from $766 million over the same period in 2023. According to the firm, this growth was mainly driven by improvement in the P&C loss and loss adjustment expense ... Read the full article
Aon reports strong Q4’24 result as Reinsurance Solutions delivers 6% organic revenue growth
31st January 2025
Global broking group Aon's Reinsurance Solutions segment delivered 6% and 7% organic revenue growth for the fourth quarter and full year 2024, respectively, as the firm highlights another "strong quarter of performance" and "outstanding" full year result. Group-wide, Aon has today announced year-on-year total revenue growth of 23%, or 6% on ... Read the full article
A. J. Gallagher sees net earnings hit $1.47bn in 2024 amid strong segment growth
31st January 2025
Global insurance broker A. J. Gallagher & Co. has reported net earnings for 2024 of $1.47 billion, up from $966 million in 2023, driven by further improvements in both its brokerage and risk management segments. Net earnings in the firm's brokerage segment rose to $1.69 billion in 2024, up from $1.17 ... Read the full article
Selective Insurance reports 10% rise in NPW for Q4’24
30th January 2025
For the fourth quarter of 2024, Selective Insurance has reported a 10% rise in net premiums written (NPW) to $1.089 billion from Q4 2023's $991.5 million, while full year 2024 NPW grew 12% year-on-year to $4.6 billion from $4.1 billion in 2023. Starting with the quarter, the insurer has reported a ... Read the full article
Guy Carpenter sees revenue climb to $2.4bn in 2024
30th January 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has generated revenue of $2.36 billion for the full year 2024, up 5% from 2023. Marsh McLennan’s Risk & Insurance Services unit, which houses both Guy Carpenter and insurance broker Marsh, reported revenue of $15.4 billion for 2024, an increase of 9% ... Read the full article
AXIS reports solid underwriting result across insurance and reinsurance as premiums swell
30th January 2025
Bermudian re/insurer AXIS Capital has reported net income of $286 million and $1.1 billion for the fourth quarter and full year 2024, respectively, as the company's insurance and reinsurance segments produced an underwriting profit for both periods, despite elevated catastrophe activity. AXIS Capital's President and CEO, Vince Tizzio, has described 2024 ... Read the full article
Chubb reports record $9.27bn net income for 2024 with P&C CoR of 86.6%
29th January 2025
Global property and casualty insurer Chubb has reported a record net income of $9.27 billion for 2024, with a P&C combined ratio of 86.6%. The firm's P&C underwriting income for full-year 2024 was a record $5.85 billion, up 7.1% from 2023. Chubb additionally disclosed that total 2024 pre-tax and after-tax P&C catastrophe ... Read the full article
RenRe posts strong full year 2024 performance despite Q4 net loss
29th January 2025
RenaissanceRe Holdings Ltd. (RenRe), a Bermuda-based reinsurer, has reported net income of $1.8 billion for full year 2024 driven by a strong performance across underwriting, investments, and fee income, although the firm's fourth quarter result was dented by mark-to-market losses and the impact of Hurricane Milton. Group-wide, RenRe has announced a ... Read the full article
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