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.
Sompo International’s GPW reach $12.47bn in 3Q FY’24
14th February 2025
Sompo International’s commercial P&C business has reported that gross premiums written reached $12.47 billion in the first nine months of the 2024 fiscal year (3Q FY2024), up $542 million from the same period of 2023, driven by growth in Global Markets and Reinsurance. Of the total gross premiums written figure for ... Read the full article
Assurant’s California wildfire losses could exceed $150m cat reinsurance retention
14th February 2025
In its outlook for 2025, US specialty insurance group Assurant has reported that its catastrophe losses from the California wildfires are expected to “approach or slightly exceed” its per-event catastrophe reinsurance program retention of $150 million. The firm issued this update on the impact of the Los Angeles wildfires as part ... Read the full article
Tokio Marine’s international segment sees increased profits with 5.4% net premium growth
14th February 2025
Tokio Marine Holdings has announced its results for the fiscal year third quarter of 2024 (January to September), highlighting strong growth in its international non-life insurance business. Net premiums written for the international segment reached JPY 2,383.5 billion, a 5.4% increase compared to JPY 2,351.4 billion in Q3 2023. The company ... Read the full article
MS Re’s FY’24 Q3 result boosted by strong underwriting and investment performance
14th February 2025
MS Reinsurance (MS Re), a global reinsurance provider, delivered strong financial growth in the first nine months of fiscal year 2024, driven by solid underwriting performance, significant premium expansion, and strong investment gains. MS Re’s underwriting performance remained strong, with insurance service profit rising to $215 million, an increase of $56 ... Read the full article
Fairfax sees record underwriting profit of $1.8bn in 2024
14th February 2025
Fairfax Financial Holdings' consolidated undiscounted combined ratio for its property and casualty insurance and reinsurance operations improved to 92.7% in 2024, resulting in a record underwriting profit of $1.79 billion, despite absorbing higher catastrophe losses of $1.01 billion. This compares to an undiscounted combined ratio of 93.2% and an underwriting profit ... Read the full article
MS Amlin Underwriting (MS AUL) posts improved profit for Q3’24
14th February 2025
Global insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has reported a 5% year-on-year rise in insurance service profit to £130 million for the period January to September 2024, as the firm highlights continued growth and profitability. MS AUL, which includes Lloyd’s Syndicate 2001, Amlin Corporate Member Limited, and AUL ... Read the full article
Kuwait Re’s net profit climbs 30% to $46m in 2024
13th February 2025
Kuwait Reinsurance Company has reported a net profit after tax of $45.93 million for the full year 2024, an increase of 30% as compared to the $35.22 million figure posted in 2023. The firm's insurance revenue was also up in 2024, climbing 12% from $232.11 million in 2023 to $259.88 million. Meanwhile, ... Read the full article
Palomar reports strong 23% growth in premiums for Q4’24
13th February 2025
Palomar Holdings, Inc., a specialty insurer, posted strong underwriting performance in 2024, with significant increases in premiums and underwriting income, driving robust financial performance for the fourth quarter and full year. In the fourth quarter 2024, Palomar saw impressive growth in its underwriting operations. Gross written premiums surged 23.3%, reaching $373.7 ... Read the full article
IAG posts 91% surge in net profit to A$778m in H1’25
13th February 2025
Australian insurer IAG has reported a net profit after tax of A$778 million for the first half of the 2025 financial year, a significant 91% increase from A$407 million in the same period last year. IAG noted that this increase was largely driven by a A$140 million post-tax release from the ... Read the full article
Corebridge Financial reports hike in net income for Q4 & FY’24 at $2.2bn
13th February 2025
Corebridge Financial, the American multinational financial services company, has reported 2024 fourth-quarter net income of $2.2 billion compared to a loss of $1.3 billion in the prior year's quarter, as the firm’s full-year 2024 net income rose to $2.2 billion from $1.1 billion in 2023. Corebridge explained that the variance was ... Read the full article
Mercury’s CoR strengthens as premiums rise in 2024
12th February 2025
Mercury General Corporation, a provider of auto and homeowners insurance, reported robust underwriting growth in the fourth quarter of 2024, reflecting continued premium expansion and improved profitability. The company achieved strong growth, with net premiums earned rising to $1.35 billion in Q4 2024, a 18% increase from $1.14 billion in the ... Read the full article
Suncorp posts H1’25 net profit as natural hazard costs stay within budget
12th February 2025
Australian insurer Suncorp has reported net profit after tax of A$1.1 billion for H1 of its 2025 financial year, while gross written premium in its General Insurance business increased by 8.9% compared to the same period in the prior year. According to Suncorp, this net profit result includes a one-off gain ... Read the full article
MAPFRE RE sees premiums grow 6.7% in 2024 to €8.4bn
12th February 2025
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported premiums of nearly €8.4 billion for full-year 2024, marking a 6.7% increase from 2023. This total includes €6.6 billion from its reinsurance business and over €1.8 billion from its global risks division. The reinsurer’s combined ratio improved to 93.6%, down 2 ... Read the full article
AIG reports Q4’24 net income of $898m as GI net premiums climb 6%
12th February 2025
AIG has reported net income attributable to common shareholders of $898 million for Q4 2024, a significant increase from $86 million in the same period of 2023, while General Insurance net premiums written (NPW) rose to $6.1 billion. It is worth noting that in Q4 2024, AIG realigned its organisational ... Read the full article
Cincinnati sees net operating income up in Q4’24 and improved CoR
11th February 2025
Cincinnati Financial Corporation has announced its financial results for the fourth quarter of 2024, reporting a net income of $405 million, down from $1.183 billion seen in the same period the year prior. According to the report, the change is primarily attributed to a $107 million after-tax decrease in the fair ... Read the full article
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