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.
Everest reports Q1’24 combined ratio of 88.8% amid record underwriting income
30th April 2024
Bermuda-based insurer and reinsurer, Everest Group, Ltd., has reported a Q1 2024 combined ratio of 88.8%, as pre-tax underwriting income reached a record $409 million for the firm, up on the $273 million seen in the prior year period. The re/insurer's gross premiums written (GWP) for Q1 2024 was $4.4 billion, ... Read the full article
Arch sees Q1 2024 net income hit $1.1bn, CoR improves to 78.8%
30th April 2024
Arch Capital Group has reported Q1 2024 net income available to its common shareholders of $1.1 billion, marking an increase of $395 million compared to the same quarter of 2023. After-tax operating income in Q1 2024 also improved, reaching $933 million, compared to $654 million in the same quarter of the ... Read the full article
Beazley’s Q1 insurance written premiums increase 7% to $1.48bn
29th April 2024
Specialist insurer Beazley has revealed that insurance written premiums in Q1 of 2024 increased by 7% compared to the previous year, reaching $1.48 billion. Adrian Cox, Beazley's Chief Executive Officer, noted that it has been a "solid start to the year" with the firm demonstrating its ability to grow whilst exercising ... Read the full article
Aon’s Reinsurance Solutions delivers 7% organic revenue growth in Q1’24
26th April 2024
Global insurance and reinsurance broker Aon has reported a 5% increase in total revenue in the first quarter of 2024 to $4.1 billion, reflecting 5% organic growth and a strong performance its Reinsurance Solutions arm. Aon attributes the $199 million increase in total revenue to ongoing strong retention, net new business ... Read the full article
The Hartford reports 41% rise in Q1’24 net income to $748m
26th April 2024
Insurer The Hartford has reported strong Q1 2024 results with net income of $748 million, up 41% on the $530 million seen a year earlier, as P&C written premiums increased 9% in the quarter on the back of 8% growth in commercial lines and 13% growth in personal lines. Supporting the ... Read the full article
Universal’s Q1’24 CoR strengthens to 95.5% as net income rises
26th April 2024
Universal Insurance Holdings has announced net income of $33.7 million for the first quarter of 2024, an increase of more than 39% on the prior year quarter, as the company's combined ratio strengthened by 4.5 percentage points to 95.5%. As well as the rise in net income, which the firm attributes ... Read the full article
A. J. Gallagher reports 26% rise in net earnings in Q1’24 results
26th April 2024
Global insurance broker A. J. Gallagher & Co. has reported net earnings of $612.7 million for the first quarter of 2024, an increase of 26% on the $486.6 million seen a year earlier, driven by a strong performance in both its brokerage and risk management businesses. Group-wide, revenues before reimbursements rose ... Read the full article
Donegal sees 6% increase in NPW, Q1 net income sits at $6m
25th April 2024
US primary holding company Donegal Group has reported a 6.0% increase in net premiums written (NPW) for the first quarter of 2024, reaching $251.4 million, compared to $237.3 million from the prior year quarter. The firm explained that the $14.1 million increase in NPW included Commercial Lines, which saw a $0.9 ... Read the full article
MAPFRE RE sees premiums grow 7% in Q1 reaching €2.2bn
25th April 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums, which include the reinsurance and Global Risks businesses, are up 7% in the first quarter of 2024, reaching nearly €2.2 billion. At the same time, the combined ratio improved significantly in the year to 93.8% (-4.9 p.p.), which ... Read the full article
WTW reports Q1’24 organic revenue growth of 5%
25th April 2024
Global insurance broker WTW has announced 5% organic revenue growth to more than $2.34 billion for the first quarter of 2024, although Group net income fell by 6% year-on-year to $194 million. Alongside the slight dip in net income, WTW has reported Q1 2024 income from operations of $280 million, down ... Read the full article
Goosehead’s net income climbs to $1.8m in Q1, revenues reach $64.5m
25th April 2024
Goosehead Insurance, Inc., an independent personal lines insurance agency, has posted a net income of $1.8 million in their results for the first quarter of 2024, compared to a net loss of $0.2 million from the prior year period. At the same time, earnings per share (EPS) and net income margin ... Read the full article
Inigo’s CoR strengthens to 85.5% as GWP surpasses $1bn in 2023
24th April 2024
Specialist insurer Inigo Limited has surpassed $1 billion in gross written premium (GWP) in its third year of operation, as the company announces a significant, more than 400% rise in profit after tax of $144.5 million for the full year 2023. All in all, GWP rose by 35.2% to $1.1 billion ... Read the full article
Chubb reports Q1’24 net income increase and P&C CoR of 86%
24th April 2024
Global insurer Chubb has reported a net income increase of 13.3% to $2.14 billion for the first quarter of 2024, supported by a stronger performance in both its property and casualty (P&C) and Life insurance businesses in the period. As well as the rise in net income, Chubb has reported core ... Read the full article
W. R. Berkley reports Q1’24 combined ratio of 88.8% as underwriting income rises
23rd April 2024
Property and casualty re/insurer W. R. Berkley Corporation has reported a Q1 2024 combined ratio of 88.8%, including current accident year catastrophe losses of $30.5 million, leading to a 31.8% rise in pre-tax underwriting income to $309 million. The insurer’s gross premiums written (GWP) were $3.4 billion for Q1 2024, compared ... Read the full article
Brown & Brown’s net income climbs to $293m in Q1
23rd April 2024
Insurance brokerage firm, Brown & Brown has posted their results for the first quarter of 2024, which included net income of $293 million, increasing $57 million from the prior year period. Revenues for Q124 under US generally accepted accounting principles (GAAP) were $1,258 million, representing an increase of $142 million, or ... Read the full article
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