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.
Lloyd’s pegs LA wildfire loss at $2.3bn as FY’24 GWP rises 6.5%
10th March 2025
The specialist Lloyd's insurance and reinsurance marketplace has announced a net loss estimate of around $2.3 billion for the Los Angeles, California wildfires, as the market reports another strong year of underwriting profit and top-line growth. Lloyd's is scheduled to release its full year 2024 results on March 20th but has ... Read the full article
Hippo’s 2024 revenue up 77% in most successful year to date
6th March 2025
Home insurance group Hippo has revealed its 2024 revenue hit $372 million, up a massive 77% from 2023. In Q4 2024 alone, Hippo's revenue increased by 58% to $102 million, while net income attributable to the firm was $44 million, compared to a net loss of $42 million in Q4 2023. Meanwhile, ... Read the full article
Liberty Mutual’s 2024 net income hits $4.38bn as CoR improves
6th March 2025
Liberty Mutual has reported a net income of $4.383 billion for 2024, up considerably from the $213 million recorded in 2023. Meanwhile, the firm's total net written premium for 2024 was $44.963 billion, with Liberty Mutual's US Retail Markets segment contributing $28.279 billion and its Global Risk Solutions segment adding $16.416 ... Read the full article
Lancashire’s GPW up 11% in 2024 with growth in property and specialty reinsurance
6th March 2025
Bermuda-based Lancashire Holdings Limited recorded profit after tax of $321.3 million in 2024, which is in line with the prior year, with a solid 80% combined ratio for the year as the firm's insurance and reinsurance businesses performed well. Across the Group, Lancashire gross premiums written (GPW) increased by 11% year ... Read the full article
The Baldwin Group reports total revenue growth of 16% to $330m in Q4’24
6th March 2025
Independent insurance distribution firm, The Baldwin Group, has posted fourth quarter 2024 total revenue growth of 16% to $329.9 million, reflecting organic revenue growth of 19%, as the firm's reported full year total revenue growth of 14% and organic revenue growth of 17%. Full year 2024 total revenues amounted to $1.4 ... Read the full article
SCOR posts solid P&C performance as FY’24 net income falls on L&H assumption review
5th March 2025
French reinsurer SCOR generated net income of €233 million in the fourth quarter of 2024, up 43.2% on the comparable prior year quarter, as gross written premiums (GWP) across the Group increased by 2.5% to €5.1 billion, driven by growth in property and casualty (P&C). SCOR's solid Q4 2024 performance has ... Read the full article
James River reports Q4’24 net loss in ‘costly but transformational’ year
4th March 2025
James River Group has reported a Q4 2024 net loss available to common shareholders of $94 million, marking an improvement from a net loss of $152 million in Q4 2023. James River's adjusted net operating loss in Q4 2024 was $40.8 million, compared to an adjusted net operating income of $12.4 ... Read the full article
Beazley posts record profit for 2024 with CoR of 74.8%
4th March 2025
Specialist insurer Beazley has reported record profit before tax of $1.423 billion for full year 2024, up 13% on the prior year's $1.254 billion, as insurance written premiums rose 10% year-on-year to $6.164 million on the back of growth in the majority of divisions. Group-wide, Beazley generated an insurance service result ... Read the full article
Hiscox reports strong results for Syndicate 33 and 6104
3rd March 2025
International specialist insurer Hiscox has released the final results for Syndicate 33's 2022 account and Syndicate 6104's 2022 and 2020 accounts, as well as current estimates for both syndicates' 2023 and 2024 accounts, of which the latter includes preliminary loss estimates stemming from the January 2025 Los Angeles wildfires. For the ... Read the full article
Kin reports $495m GWP for 2024 as operating income rises 126%
28th February 2025
Kin, the direct-to-consumer home insurer, closed 2024 with $495.3 million in gross written premiums and $156.1 million in total revenue, as operating income for the year hit $12 million, representing a 126% increase over the prior year. The two Kin-managed reciprocal exchanges posted an adjusted loss ratio, net of catastrophe excess ... Read the full article
American Coastal’s CoR increases and net income down in Q4’24
28th February 2025
American Coastal Insurance, a property and casualty insurance holding company, has released its financial results for the fourth quarter, reporting a combined ratio of 91.9% despite the devastating impact of natural catastrophes. Compared to Q4 2023, the insurer’s combined ratio increased 32pts from 59.9%. American Coastal Insurance reported a Q4 net income ... Read the full article
HCI reports gross premiums earned increase of 38% in Q4’24
28th February 2025
Florida-domiciled insurtech HCI Group, Inc. has reported that consolidated gross premiums earned increased by 38% to $297.5 million for Q4'24, up from $215.2 million in Q4 2023, driven primarily by assumptions of policies from Citizens Property Insurance Corporation, the state's insurer of last resort. The insurer’s pre-tax income for Q4 2024 ... Read the full article
Brit’s profits rise in 2024 as written premiums reach $3.78bn
28th February 2025
Brit Insurance has posted a profit before tax from continuing operations of $661 million for 2024, up from $623.9 million in 2023, while insurance premium written expanded to $3.78 billion. The firm also reported a discounted combined ratio for continuing business of 75.7% for 2024, down from 76.2% in 2023. The ... Read the full article
Aspen posts strong underwriting gains for 2024 as net income rises
28th February 2025
Bermuda-based Aspen Insurance Holdings has reported an improved underwriting result for the fourth quarter and full year 2024, despite higher catastrophe losses in its insurance and reinsurance segments for both periods. Group-wide, underwriting income increased by 102.8% to $143 million in Q4 2024 and rose by 5.8% to $345.8 million for ... Read the full article
Allianz sees record operating profit in 2024 as all segments grow
28th February 2025
Allianz has reported a record operating profit of €16 billion for 2024, up 8.7% from 2023, supported by all business segments, with the Property-Casualty business being the main driver. Meanwhile, the firm's net income attributable to shareholders in 2024 was €9.9 billion, up 16.3% from 2023, while total business volume grew ... Read the full article
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