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.
IRB (Re) posts improved net income and CoR in Q3’24
13th November 2024
Brazilian reinsurer IRB (Re) has announced its financial results for the third quarter of 2024, reporting an improved net income of R$116 million (USD 20.18 million), as well as an underwriting profit of around R$118 million (USD 20.52 million). In the same period last year, the reinsurer posted a net income ... Read the full article
Allianz sees Q3’24 net income hit €2.5bn as operating profit climbs 14%
13th November 2024
In its Q3 2024 results, Allianz has revealed that net income attributable to shareholders was €2.5 billion, up from €2 billion in the same period of last year, driven by a higher operating profit. Allianz also disclosed that total business volume rose 17.3% to €42.8 billion in Q3 2024, driven by ... Read the full article
Assured Guaranty posts net income increase in Q3’24
13th November 2024
Assured Guaranty Ltd. (AGL) has released its financial results for the third quarter of 2024, which includes a net income of $171 million in comparison to $157 million from the third quarter of 2023. At the same time, the firm posted an adjusted operating income of $130 million for Q3 2024, ... Read the full article
Maiden Holdings posts $34.5m net loss in Q3, NPW climbs to $8.8m
12th November 2024
Maiden Holdings, Ltd. has posted a $34.5 million net loss for the third quarter of 2024, compared to a net loss of $3.5 million for the third quarter of 2023. The firm attributes the net loss towards an underwriting loss of $18.8 million in Q3 2024, a higher loss in comparison ... Read the full article
Hannover Re lifts 2024 profit target as 9M net income reaches €1.8bn and losses fall within budget
11th November 2024
Large European reinsurer Hannover Re has raised its profit target for 2024 on the back of a 30.4% rise in net income to €1.8 billion for the first nine months of the year, as the reinsurance service result increased by more than 36% to €2.1 billion. Across the group, gross reinsurance ... Read the full article
Hippo sees Q3’24 revenue growth and improved net loss despite active hurricane season
8th November 2024
Home insurance firm Hippo has announced its financial results for the third quarter of 2024 reporting revenue growth of 65% year over year (YoY), with premium retention more in-line with risk-retention. For this quarter, the insurer reported $95 million in revenue growth, up from $58 million in Q3 2023. Total Generated ... Read the full article
Coface sees net income increase 10% for 9M’24
8th November 2024
In its first nine months 2024 results, Coface recorded net income of €207.7 million, a 9.5% increase compared to the same period last year, while its revenue was down 2.1%, to €1,376.6 million compared to the €1,417.8 million reported in 9M 2023. At €1,130.2 million, insurance revenue decreased by 4.0% at ... Read the full article
Trisura Group posts 10.5% insurance revenue growth in Q3’24
8th November 2024
Trisura Group Ltd., the specialty insurance provider has released its financial results for the third quarter of 2024, which includes insurance revenue growth of 10.5%, climbing from $730.7 million to $807.6 million, which was primarily reflected through continued momentum across North America. Within its insurance operations, the group saw an 18.4% ... Read the full article
HCI reports increase in gross premiums earned in Q3’24
8th November 2024
Florida-based insurtech HCI Group reported consolidated gross premiums earned of $265.5 million for Q3 2024, an increase from last year’s $188.3 million, driven primarily by growth in Florida. The firm’s Q3 2024 net income was $9.4 million as compared to $15.7 million last year. The adjusted net income for Q3 2024 ... Read the full article
Liberty Mutual sees $892m net income in Q3, total CoR hits 96.7%
7th November 2024
Liberty Mutual Holding Company Inc. (LMHC) and its subsidiaries has posted a net income attributable to LMHC of $892 million for the third quarter of 2024, a notable shift from last year's income of $219 million, while also posting consolidated pre-tax net catastrophe losses of $1.1 billion in ... Read the full article
American Coastal posts $28m net income in Q3’24, revenue climbs 56% to $82m
7th November 2024
Property and casualty (P&C) holding company, American Coastal Insurance Corporation (ACIC) has posted a $28.1 million net income for the third quarter of 2024, an improved figure compared to the $10.6 million income that was posted in the third quarter of 2023. The company said, that of this income, $27.7 million ... Read the full article
Conditions in property cat to remain ‘very attractive’ in 2025: Hiscox CFO
7th November 2024
Paul Cooper, Group Chief Financial Officer of Hiscox, has noted that in light of recent catastrophe activity, rates are expected to remain robust, creating "very attractive" conditions in the property cat market. As a result, the company plans to gradually deploy additional capital into this sector. Speaking during an analyst call ... Read the full article
Zurich P&C sees revenue increase as GWP grows 4% in 9M’24
7th November 2024
Zurich has released its financial results for the first nine months of 2024, reporting a “robust performance” as gross written premiums (GWP) for its P&C segment rose 4% and insurance revenue was up 6% with rate increases of 5% year-on-year. The Group also highlighted that in the first nine months of ... Read the full article
Hamilton reports Q3’24 CoR of 93.6% with an underwriting income of $29.1m
7th November 2024
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported a slightly increased combined ratio of 93.6%, with an underwriting income of $29.1 million for the third quarter of 2024. The reinsurer reported catastrophe losses (current and prior year), net of reinsurance of $38.3 million for Q3 2024, driven by Hurricane Helene at $33.9 ... Read the full article
RenRe grows property book as Q3’24 underwriting income rises despite large loss events
7th November 2024
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $394 million for the third quarter of 2024 and a significant rise in net income to $1.2 billion, as the strong performance of its property segment more than offset a loss in casualty and specialty. Across the business, underwriting income ... Read the full article
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