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.
Heritage sees $48.2m loss in Q3
9th November 2022
Heritage has reported its Q3 2022 results, saying that it saw a net loss in the period of $48.2m, compared to one of $16.4m in the same three months in 2021. Despite the losses, the firm still said that its gross written premiums had gone up 11.1% between Q3 2021 and ... Read the full article
Conduit Re reports strong premium income growth in Q3
9th November 2022
Conduit Re says its Q3 2022 results show strong premium income growth, with balance sheet strength and underwriting focus putting it in ‘an excellent position’ in ‘exceptional’ market conditions. The firm said in a statement that it had seen $600.9m of estimated ultimate gross premiums written for the nine months ended ... Read the full article
SCOR reports 9M net loss amid nat cat claims of €907m and strengthening of P&C reserves
9th November 2022
Global reinsurer SCOR has reported a net loss of €509 million for the first nine months of 2022, as natural catastrophe claims increased to €907 million while the firm took a number of meaningful actions on its balance sheet during the period, including strengthening its P&C reserves. The 9M 2022 P&C ... Read the full article
Global Indemnity reports $23.6m net income for Q3
8th November 2022
Global Indemnity Group has reported a net income of $23.6 million for the third quarter of 2022, compared to a net loss of $7.8 million from the third quarter of 2021. Gross written premiums rose to $175.8 million from $174.3 million in 2021. Gross written premiums for the year currently stand ... Read the full article
BRP losses worsen, but organic growth up 28%
8th November 2022
Independent insurance distribution firm BRP Group has reported a net loss of $46.7 million for the third quarter of 2022, worsening nearly twofold from the loss of $24.6 million that it reported for the same period last year. This includes an operating loss of $29.9 million, versus a loss of $6.9 ... Read the full article
Argo sees net income plummet in Q3
8th November 2022
Argo Group has released its Q3 results, saying that net income dropped to -$51.4m from $19.8m in the same period in 2021. The firm said in its earnings release that gross written premiums had also fallen in this period from $875.6m to $750.9m, with earned premiums also falling from $487.5m to ... Read the full article
Munich Re posts rise in Q3 profit despite Hurricane Ian losses of €1.6 billion
8th November 2022
Global reinsurer Munich Re has reported profit of €527 million and €1.9 billion for the third quarter and first nine months of 2022, respectively, despite a rise in major losses within property and casualty (P&C) reinsurance on the back of Hurricane Ian losses of around €1.6 billion. Profit for the quarter ... Read the full article
White Mountains reports big rise in GWP for Ark
7th November 2022
White Mountains has released its third-quarter results for 2022, saying that its Ark partner firm saw gross written premiums rise $54m between Q3 2021 and Q3 2022. According to the firm, Ark reported gross written premiums of $216m and $1,253m, net written premiums of $193m and $1,007m and net earned premiums ... Read the full article
Berkshire Hathaway reports re/insurance underwriting loss amid Hurricane Ian claims of $3.4bn
5th November 2022
Warren Buffett-run holding company and conglomerate, Berkshire Hathaway, has reported pre-tax losses related to Hurricane Ian of $3.4 billion for the third quarter of 2022, as the company's insurance and reinsurance units fell to an underwriting loss of $962 million. The Q3 2022 insurance underwriting loss has widened from the $784 ... Read the full article
Horace Mann reports net income of $14mn in Q3 results
4th November 2022
Horace Mann Educators Corporation, an insurance and retirement solutions company for US educators and school employees, has reported a net income of $14 million for the third quarter of 2022, a 14.7% decrease from last years $16.3 million. The company’s Property & Casualty (P&C) net premiums written were slightly above last ... Read the full article
Trisura Group’s Q3 GPW rises 59% to $645mn
4th November 2022
Specialty insurer Trisura Group has reported $644.8 million of gross premiums written in the third quarter of 2022, an increase of 59.3% compared to $404.7 million from the prior year quarter, thanks to sustained growth in Canada and expansion in US fronting. Net income for the quarter increased by 48% to ... Read the full article
Fairfax Financial sees net loss of $75.1m in Q3 2022
4th November 2022
Fairfax Financial Holdings says it saw a net loss of $75.1m in Q3 2022 against net earnings of $462.4m in the same period in 2021. However, gross written premiums for the company in Q3 2022 reached $6,922.9m, up from $5,970.0m in Q3 2021. The firm said that this was an increase ... Read the full article
RGA reports net premium growth in Q3 2022
4th November 2022
Reinsurance Group of America (RGA) is reporting that its net premiums in Q3 2022 grew to $3,247m from $3,094m in the same quarter in the preceding year. The firm said in a statement accompanying its latest figures that net income to its shareholders in Q3 reached $284m, up from a loss ... Read the full article
Liberty Mutual reports net loss of $353m in Q3
3rd November 2022
Liberty Mutual Holding Company (LMHC), along with its subsidiaries, has said that elevated catastrophe losses and volatility within the investment markets has driven a net loss of $353m to the firm in Q3 2022. In releasing its result, the company said that pre-tax net catastrophe losses in the quarter were $1.4bn, ... Read the full article
Enstar reports net loss of $444mn in Q3 2022
3rd November 2022
Enstar Group has reported a net loss of $444 million in the third quarter of 2022, compared to a net loss of $196 million in the third quarter of 2021. This contrasted with the firm saying that its net loss for the year currently stands at $1.2 billion, compared to net ... Read the full article