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 Hanover sees earnings slip amid personal lines headwinds
3rd August 2022
Property and casualty insurance company, The Hanover Insurance Group, has reported net income of just $22.6 million for the second quarter of 2022, compared with $128.5 million for the same period last year. At the same time, operating income decreased from $104.0 million to $83.9 million, with the company attributed the ... Read the full article
Greenlight Re reports strong rise in net income in Q2 results
3rd August 2022
Hedge fund-backed reinsurer Greenlight Re has reported a net income of $14.8 million for the first quarter of 2022, a huge increase compared to net income of $0.6 million from the second quarter of 2021. Gross premiums written (GPW) in the quarter were $134.8 million, a 4.8% decrease compared to $141.6 million ... Read the full article
Hiscox reports solid underwriting performance, but investments drive H1 net loss
3rd August 2022
Global re/insurer Hiscox has fallen to a loss of $107.4 million in the first half of 2022, as a negative investment result more than offset an improved underwriting performance in the period. The loss for H1 2022 compares with profit of $133.4 million a year earlier, with Hiscox highlighting a strong ... Read the full article
AXA XL Re’s revenue down by 21% on nat cat reduction
3rd August 2022
Global insurer AXA has today reported 1% growth in gross revenues to €55 billion for the first half of 2022, although within AXA XL Reinsurance revenues fell by 21% on the back of a strong reduction in natural catastrophe exposure. Alongside the growth in gross revenues, French insurer AXA has reported ... Read the full article
James River’s net income falls, but E&S lines show improvement
2nd August 2022
James River Group Holdings Ltd. has posted a net income of $5 million for the second quarter of 2022, down from $20.8 million from the same period last year. Adjusted net operating income for the quarter was $20 million, an increase from last years $18.8 million. The company’s second quarter 2022 group ... Read the full article
Kin reports strong rise in GWP in Q2 results
2nd August 2022
Kin Insurance has reported a gross written premium (GWP) of $70.8 million in the second quarter of 2022, a major increase from the $24.7 million the company reported in the prior-year period. This now brings the company’s GWP year-to-date total to $125 million. Gross profit for the quarter was $20.6 million, a ... Read the full article
Generali result slips 9% on Russian investments
2nd August 2022
Italy-headquartered insurer Generali has posted a net result of €1,402 million during the second quarter of 2022, down 9.0% from the same period last year due to its Russian investments. The company reported that impairments on Russian investments totaled €138 million as the war in Ukraine continue to negatively affect financial ... Read the full article
CNA Financial sees fall in Q2 net income
1st August 2022
Chicago-based insurer CNA Financial Corporation has reported a net income of $205 million for the second quarter of 2022, after falling from $368 million from the prior year period. Core income for the quarter was $245 million, compared to $341 million from the prior year quarter. At the same time, net investment ... Read the full article
Kinsale Capital Group reports GWP growth of 43% in Q2 results
1st August 2022
Kinsale Capital Group has reported a net income of $27.1 million for the second quarter of 2022, compared to a net income of $35.6 million from the second quarter of 2021. The company also reported a net income of $58.9 million for 1H22, compared to $67.7 million from 1H21. At the same ... Read the full article
Coface reports €144.4m income so far this year
29th July 2022
Coface has reported H1 2022 income of €144.4m in its latest results. According to the Paris-based firm, it saw turnover in the period of €895m. The insurer said in a statement that Trade Credit Insurance premiums were growing by 16.1%, growth that was driven by ‘high client activity’ in an inflationary ... Read the full article
The Hartford sees fall in reported Q2 net income
29th July 2022
US property and casualty insurer, The Hartford, reported a net income of $437 million for the second quarter of 2022, after falling from $900 million in the 2021 period. According to the insurer, this was primarily due to a $485 million, before tax, change from net realised gains to net realised ... Read the full article
Gallagher reports 35% growth in net earnings in Q2
29th July 2022
Reinsurance broker Gallagher has reported 35% growth in net earnings across the company during Q2 2022, ending the period with $53 million of annualised revenue. Patrick Gallagher, Jr., Chairman, President and CEO, said: "We had an excellent second quarter! Our core brokerage and risk management segments combined to post 22% ... Read the full article
Aon’s Reinsurance Solutions delivers organic revenue growth of 9% in Q2
29th July 2022
Insurance and reinsurance broker Aon has announced total organic revenue growth of 8% to $3 billion in the second-quarter of 2022, on the back of growth in all business segments including a notable 9% rise in organic revenue within its Reinsurance Solutions arm. Across the firm, Aon has revealed that net ... Read the full article
Brit posts strong underwriting performance but investments dent H1 result
29th July 2022
Specialty insurer Brit has reported a loss of $186.9 million for the first half of 2022, compared with income of $204.3 million a year earlier, as a negative return on assets more than offset an improved underwriting result in the period. Across the group, Brit has reported H1 2022 gross written ... Read the full article
Swiss Re returns to profit but H1 net income falls on investment result & Ukraine reserves
29th July 2022
Global reinsurance giant Swiss Re has reported a year-on-year decline in net income to $157 million for the first half of 2022, driven mostly by a lower investment result and reserves booked for the war in Ukraine in the first quarter. For H1 2022, Swiss Re has announced that reserves of ... Read the full article