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.
MS Amlin reports HY’24 profit of £87m as CoR improves to 84.5%
19th November 2024
In its half-year 2024 results, Lloyd’s global re/insurer MS Amlin has reported a profit after tax of £87 million an increase of £83 million from the same period last year amid improved investment returns and lower discounting volatility through effective asset-liability matching. At the same time, MS Amlin's insurance service profits ... Read the full article
Sompo sees profit and premium growth in H1’24
19th November 2024
Sompo Holdings' international overseas insurance/reinsurance business has reported an adjusted profit of $652 million in the first half of 2024, an increase of $88 million from the $564 million reported in the same period last year. The combined ratio for the first half of the year increased +2.0 pt to 94.1%, ... Read the full article
MS Reinsurance sees HY’24 insurance service profit hit £138m as CoR improves to 90.2%
19th November 2024
Switzerland-domiciled MS Reinsurance has reported an insurance service profit of £138 million in its half-year 2024 results, up 41% from the same period last year, while its combined ratio also improved to 90.2%. The above figures were strengthened by a $492 million increase in premium growth, driven by business expansion and ... Read the full article
HDI Global posts improved YoY combined ratio of 90.5% in 9M’24
18th November 2024
HDI Global, a commercial and specialty lines insurer, has reported an improved year-over-year combined ratio of 90.5% from 92.7% for the first nine months of the year. The improvement was attributed to higher investment volumes and increased interest income, with the net insurance financial and investment result (excluding currency effects) rising ... Read the full article
GIC Re’s underwriting loss narrows for H1’24, CoR stands at 111.64%
15th November 2024
GIC Re, the Indian public sector reinsurer, has reported an underwriting loss of approximately ₹2,376.95 crore for the half year ended on September 30th, 2024, (H1 2024), as compared to a loss of around ₹3,029.04 crore for the same period in 2023. The reinsurer’s combined ratio improved slightly at 111.64 % ... Read the full article
Aspen reports Q3’24 underwriting income as GWP swell to $1.1bn
15th November 2024
Aspen Insurance has reported a Q3 2024 net income available to ordinary shareholders of $42.9 million, with an underwriting income of $33 million and a total combined ratio of 95.2%. The underwriting income figure of $33 million in Q3 2024 compares to $47.9 million in Q3 2023 and includes $54.8 million, ... Read the full article
Generali posts strong GWP growth and 94% CoR for 9M’24 despite significant cat losses
15th November 2024
Italian insurer Generali has reported a 5% year-on-year increase in its net result to €3 billion for the first nine months of 2024, as gross written premiums (GWP) across the group rose 18% to €70.7 billion amid strong growth in both P&C and life. Group-wide, Generali's 9M 2024 consolidated operating result ... Read the full article
Conifer posts $61m gain from agency sale despite $7.4m adjusted operating loss in Q3’24
15th November 2024
In their financial results for the third quarter of 2024, Conifer Holdings has posted a $61 million gain from the sale of its insurance agency operations to Bishop Street Underwriters, which was completed in August of this year. At the same time, the company also recorded a net income of $53.3 ... Read the full article
Talanx sees net income growth and improved CoR in 9M’24 despite nat cat losses
14th November 2024
Talanx Group, the parent company of Hannover Re, has generated nine-month Group net income of €1,592 million, already exceeding the full prior-year figure, and an improved combined ratio of 91.2% from 93.5 in 9M ‘23, despite numerous natural catastrophe events. The Group is also lifting its earnings forecast for the ongoing ... Read the full article
Aviva reports GI premium growth of 15% for 9M’24
14th November 2024
British insurer Aviva has reported general insurance (GI) premium growth of 15% to £9.1 billion for the first nine months of 2024 compared to £8 billion in the same period last year. Country-wise, UK&I GI premiums grew by 18% to £5.7 billion in 9M’24, up from 9M’23's £4.9 billion, with 25% ... Read the full article
SCOR falls to Q3’24 net loss as L&H assumption review trumps positive P&C result
14th November 2024
French reinsurer SCOR has reported a group net loss of €-117 million in Q3 2024, driven by a negative insurance service result in L&H reinsurance. However, its P&C segment saw a very strong performance, with a combined ratio of 88.3%. At the same time, the firm's insurance revenue in Q3 2024 ... Read the full article
Swiss Re delivers solid 9M’24 net income as P&C underwriting result more than offsets reserve strengthening
14th November 2024
Global reinsurer Swiss Re generated a net income of $2.2 billion and $102 million for the first nine months and third quarter of 2024, respectively, despite the previously announced addition of $2.4 billion to its prior year US liability reserves. Swiss Re announced earlier this month that it strengthened its ... Read the full article
James River reports $42m net loss in Q3’24 with higher CoR
14th November 2024
James River Group Holdings has released its financial results for the third quarter of 2024, posting total revenues of $191.4 million, despite a net loss of $42.0 million, and a higher combined ratio of 135.5% compared to Q3 2023. For last year’s third quarter, the Group reported total revenues of $210.3 ... Read the full article
Ambac’s specialty P&C insurance production totals $260m in Q3’24
13th November 2024
Ambac has revealed that its specialty P&C insurance production, which includes gross written premiums (GWP) by its Specialty P&C Insurance segment, Everspan, and premiums placed by the Insurance Distribution segment, totalled $260 million in the third quarter of 2024, an 86.2% increase compared to the same period last year. The firm’s ... Read the full article
Fidelis reports improved Q3’24 net income despite higher cat losses
13th November 2024
Fidelis Insurance Group has disclosed a Q3 2024 net income of $100.6 million, up from $87.7 million in the same period of last year, despite catastrophe and large losses increasing to $91.6 million. Fidelis' underwriting income in Q3 2024 was $80 million and the combined ratio was 87.4%, compared to an ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
