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.
Active Re reports record growth and strong performance
26th February 2025
Barbados-based reinsurer Active Re has saw its net reinsurance premiums increase by 16% and its net retained premiums by 17% in 2024, achieving what it calls "historic figures." Active Re also reported a 19% expansion in total equity, maintaining a strong double-digit compound annual growth rate of 47% since its inception. Additionally, ... Read the full article
AUB Group sees 12% revenue increase in H1’25
25th February 2025
AUB Group has release its financial results for the first half of 2025, reporting AUD 712.6 million in revenue, a 12.1% increase when compared to the AUD 635.7 million seen in the first half of 2024. Underlying net profit after tax (NPAT) increased to AUD 79.3 million in H1 2025, compared ... Read the full article
Goosehead’s 2024 net income soars 107% as revenue hits $314.5m
25th February 2025
Goosehead Insurance has reported net income for 2024 of $49.1 million, up 107% from 2023, while total revenue increased 20% to $314.5 million. Despite significant macroeconomic challenges, Goosehead described 2024 as an "outstanding" year, with full-year premium growth of 29% and a 17% increase in core revenue. Adjusted EBITDA was also ... Read the full article
Coface reports FY’24 net income increase of 8.6% to €261m
24th February 2025
For the full year 2024, credit insurer Coface has reported net income (group share) of €261.1 million, which increased by 8.6% compared to 2023’s €240.5 million. For 2024, net financial income was €91.7 million, a sharp increase compared to 2023. Coface stated, "This figure includes capital gains of €11.4 million, which more ... Read the full article
Berkshire Hathaway’s re/insurance underwriting gain rises to $9bn in 2024 as firm pegs LA wildfire loss at $1.3bn
22nd February 2025
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a 66% year-on-year rise in net underwriting earnings for its insurance and reinsurance businesses in 2024 to $9.02 billion. 2024 was another strong year for Berkshire's re/insurance operations as the underwriting performance of its Berkshire Hathaway Reinsurance Group and GEICO ... Read the full article
QBE’s profits surge in 2024 as underwriting performance tracks ahead of plan
21st February 2025
Australian insurer QBE has revealed a 2024 net profit after tax of $1.779 billion, up from $1.355 billion in 2023, while its combined operating ratio improved to 93.1% from 95.2%, driven by favourable catastrophe experience and more stable central estimate reserves. According to QBE, underwriting profitability tracked ahead of the firm's ... Read the full article
Donegal Group sees improved Q4’24 net income and CoR
20th February 2025
US primary holding company Donegal Group has announced its financial results for the fourth quarter of 2024, reporting a net income of $24.0 million, compared to a net loss of $2.0 million from the prior year quarter. For the full year of 2024, the Group reported an increased net income of ... Read the full article
Zurich APAC’s P&C gross premiums reach $3.96bn in 2024
20th February 2025
Zurich's Asia Pacific business has delivered an overall operating profit of $586m for 2024, up 6% from 2023. Broken down, Zurich’s Asia Pacific P&C business saw operating profit grow 21% in 2024 to $343 million, while gross written premiums in this segment increased by 12%. According to the firm, this was ... Read the full article
Aegon sees €741m net profit in H2’24, operating result climbs 14%
20th February 2025
Life insurer and asset manager Aegon has released its financial results for the second half of 2024, reporting a net profit of EUR 741 million and 14% improvement in its operating result, to EUR 776 million, compared to the same period the year prior. According to the firm, the increase in ... Read the full article
Progressive reports $43m in California wildfire losses for January
20th February 2025
The Progressive Corporation, a property and auto-focused insurance group, has released its results for January 2025, revealing it incurred about $43 million in catastrophe losses due to the California wildfires. The company stated that 72% of these losses came from its personal property products, with the segment recording a net catastrophe ... Read the full article
Zurich sees record operating profit in 2024 as P&C CoR improves to 94.2%
20th February 2025
Zurich has reported a record business operating profit for 2024 of $7.8 billion, while its P&C business continued to improve by focusing on underwriting discipline, with a combined ratio of 94.2%. Operating profit in the P&C business alone was 4.2 billion million in 2024, up 8% compared to 2023. Meanwhile, gross written ... Read the full article
SiriusPoint reports underwriting income of $200m for 2024
19th February 2025
SiriusPoint has reported a full-year 2024 core income of $244.6 million, including underwriting income of $200 million, with a core combined ratio of 91%. The firm's 2024 total core income declined from $291.4 million in 2023, while underwriting income also fell from $250.2 million (89.1% combined ratio). According to SiriusPoint, the decrease ... Read the full article
Conduit Re posts strong growth and underwriting performance amid elevated cat activity in 2024
19th February 2025
Bermuda-based Conduit Re generated gross premiums written (GPW) of $1.16 billion in 2024, an increase of almost 25% year-on-year, as the company reports a return on equity (ROE) of 12.7% for the year despite the elevated catastrophe experience. The reinsurer states that it achieved "deliberate and targeted" growth across its three ... Read the full article
Miller reports total revenues of £271m for 2024, reveals new brand
17th February 2025
Independent specialist insurance and reinsurance broker Miller has reported total revenues of £271 million for the full year 2024, a 13% increase from 2023, driven almost entirely by 12% organic growth. The firm's total gross written premium placed in 2024 stood at $4 billion, while the EBITDA margin remained above 30%, ... Read the full article
Trisura reports net income and insurance revenue increase in Q4’24
17th February 2025
Trisura Group Ltd., a specialty insurance provider, has released its financial results for the fourth quarter of 2024, reporting increased net income and insurance revenue, to $19.3 million and $794.2 million, respectively. Net income for the quarter increased 70.1%, compared to Q4 2023’s $11.3 million, as a result of growth in ... Read the full article
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