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.
The Hartford posts 18% rise in net income in Q3, P&C CAY CAT losses reach $247m
25th October 2024
Property & casualty (P&C) insurer The Hartford has posted an 18% year-on-year increase in net income to $761 million for the third quarter of 2024, driven by double-digit earned premium growth in both its Commercial and Personal Lines segments, as well as lower net realised losses and higher net investment ... Read the full article
Cincinnati sees combined ratio increase in Q3 ’24 due to cat losses
25th October 2024
Cincinnati Financial Corporation has announced its financial results for the third quarter of 2024, reporting a combined ratio for the Consolidated Property Casualty Insurance segment of 97.4%, an increase from 94.4% in the same period last year driven by a peak in catastrophes. In the third quarter of 2024, the insurer ... Read the full article
Aon’s Reinsurance Solutions generates 7% organic revenue growth in Q3’24
25th October 2024
Global insurance and reinsurance broking group Aon has reported a 26% year-on-year rise in total revenue to $3.7 billion for the third quarter of 2024, with solid organic revenue growth across the business, including 7% to $503 million in its Reinsurance Solutions arm. Aon noted that this increase in total revenue ... Read the full article
Kinsale Capital reports net income of $114.2m, after-tax cat losses surge to $10.8m for Q3’24
25th October 2024
Kinsale Capital Group, Inc. has reported a net income of $114.2 million for Q3 2024, which includes after-tax catastrophe losses of $10.8 million, compared to after-tax catastrophe losses of $0.9 million in Q3 2023, when the net income was $76.1 million. For the quarter, gross written premiums (GWP) increased by 18.8% ... Read the full article
Universal Insurance reports Q3’24 CoR of 116.9% and net loss of $16.2m
25th October 2024
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a Q3 2024 combined ratio of 116.9%, up by 6.2 points from the comparative quarter, reflecting an increase in both the net loss and net expense ratios. The insurer’s net loss ratio increased by 4.7 points in Q3 2024 to ... Read the full article
A. J. Gallagher sees Q3 net earnings hit $314.1m as revenues increase 13%
25th October 2024
Global insurance broker Arthur J. Gallagher & Co. has reported net earnings of $314.1 million for Q3 of 2024, up 12% from the same period of last year, while total revenues increased 13% to $2.77 billion. Gallagher's EBITDAC also improved to $691 million in Q3 of 2024, up from $606.1 million ... Read the full article
Donegal Group’s CoR reaches 96.4% in Q3, insurance subsidiaries see $6m net loss from Helene
24th October 2024
US primary holding company Donegal Group has announced its financial results for the third quarter of 2024, reporting a net income of $16.8 million, compared to net loss of $0.8 million from the prior year quarter. At the same time, Donegal posted a combined ratio of 96.4% for the quarter, a ... Read the full article
Goosehead’s net income reaches $12.6m in Q3, revenues up 10%
24th October 2024
Goosehead Insurance, the independent personal lines insurance agency, has released its financial results for the third quarter of 2024, which includes a $12.6 million net income, a notable improvement from the prior year's $11.3 million. At the same time, Goosehead's total Adjusted EBITDA was $26.1 million for Q3'24, in comparison to ... Read the full article
B.P. Marsh sees Net Asset Value increase to £252.9m in H1’24
23rd October 2024
B.P. Marsh & Partners, the specialist private equity investor, has reported that Net Asset Value increased by £23.7 million to £252.9 million in its half-year results for the six months to July 31, 2024, representing a notable increase from £229.2 million, which the firm recorded on January 31, 2024, and ... Read the full article
Selective sees net income growth, cat losses increase CoR in Q3’24
22nd October 2024
Selective Insurance Group, Inc. has announced its financial result for the third quarter of 2024, reporting an improved net income of $90.0 million and $1,157.6 million net premiums written (NPW). According to the insurer, NPW increased 9% from a year ago driven by accelerating renewal pure price increases and stable Standard ... Read the full article
Munich Re reports preliminary Q3 result of €900m despite high loss expenditure
22nd October 2024
Munich Re has reported a preliminary Q3 2024 net result of around €900 million, despite the impact of higher-than-average major-loss expenditure from natural catastrophes in property-casualty reinsurance. Hurricane Helene was the reinsurer's largest single claims event in the quarter, causing approximately €500 million in losses. Meanwhile, three loss events in Canada ... Read the full article
Bowhead Specialty does not expect direct material losses from Q3 hurricanes
22nd October 2024
Specialty lines insurance group Bowhead Specialty does not expect material direct losses from the recent hurricanes in the third quarter of 2024, as the firm does not write any property risks, the company recently said in its preliminary third quarter earnings. In their preliminary third quarter earnings, the company revealed that ... Read the full article
W. R. Berkley sees record Q3 net profit of $365.6m
22nd October 2024
W.R. Berkley Corporation has reported a record Q3 net profit of $365.6 million amid continued strong underwriting margins and increased investment income. The firm's Q3 2024 return on equity and operating return on equity were 19.6% and 20.0%, respectively, while net investment income grew 19.5% compared to the same period of ... Read the full article
RLI’s Q3’24 underwriting income reaches $40.7m, combined ratio improves to 89.6%
22nd October 2024
Specialty insurer RLI Corp. has reported an improved underwriting income of $40.7 million for Q3 2024 with a combined ratio of 89.6%, compared to $4.2 million and a 98.7% combined ratio in Q3 2023. The year-on-year improvement in underwriting comes despite losses from Hurricanes Beryl and Helene resulting in a $32.7 ... Read the full article
Ping An reports 4.5% growth in P&C insurance revenue in 9M 2024
21st October 2024
Chinese insurer Ping An has reported its results for the first nine months of 2024, showing a solid 4.5% year-on-year growth in property & casualty (P&C) insurance revenue, reaching RMB246,022 million. At the same time, its P&C operating profit increased 39.7% year-on-year to RMB13,987 million. The company also improved its overall P&C ... Read the full article
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