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.

HCI Group’s net income falls to $5.9 million in Q3

6th November 2019

InsurTech HCI Group has announced a decline in net income for the third-quarter of 2019 to $5.9 million, while a decline in underwriting profitability resulted in a combined ratio of 96%, compared with 92% for the same period last year. HCI Group's net income declined in Q3 2019 when compared with ... Read the full article

Assurant falls to Q3 loss despite lower cat impact

6th November 2019

US specialty insurance group Assurant has posted a net loss of $59.5 million for the third quarter of 2019, despite a much smaller impact from catastrophe losses on its Global Housing segment. Assurant’s earnings were down from $48.3 million in Q3 2018, primarily due to charges related to the $124.8 million ... Read the full article

Hannover Re misses CR target as large losses dent Q3 results

6th November 2019

German reinsurer Hannover Re has posted strong growth in its net income over the first nine months of 2019, but its combined ratio (CR) missed targets due to the large losses incurred during the third quarter. At September 30, Hannover Re’s net income for 2019 stood at €1.0 billion, representing a ... Read the full article

Athene’s net income down 56% in Q3

5th November 2019

Retirement services firm Athene has reported a 56% decline in third quarter net income, driven by an unfavorable change in FIA embedded derivatives due to the impact of unlocking, less favorable equity market performance and an unfavorable change in discount rates. At $276 million, the slump represents a $347 million decrease ... Read the full article

The Hartford posts strong Q3 results, net income up 21%

5th November 2019

Property and casualty insurer The Hartford has posted strong financial results for the third quarter, with net income up 21% against the prior year quarter at $524 million. This is the first full quarter with Navigators, which The Hartford acquired recently in an all-cash transaction valued at $2.1 billion. Chairman and ... Read the full article

Oxbridge Re records Q3 loss as net premiums drop

5th November 2019

Property and casualty reinsurer Oxbridge Re Holdings Limited has posted a net loss of $15,000 for the third quarter of 2019, driven by a more conservative capital deployment strategy that resulted in much lower net premiums earned. The company’s performance was far below the $652,000 recorded in Q3 2018, despite taking ... Read the full article

Palomar reports Q3 demand surge after Ridgecrest quake

5th November 2019

Palomar Holdings, Inc.'s third-quarter 2019 results announcement shows a significant jump in net income and underwriting income for the period, while the Ridgecrest earthquake in July contributed to a surge in demand for residential earthquake coverage. Palomar's net income increased by 376% from the prior year quarter to $7.5 million, while ... Read the full article

Berkshire Hathaway earnings dip offset by P&C reinsurance gains

4th November 2019

Warren Buffett’s property and casualty (P&C) reinsurance businesses at Berkshire Hathaway have reported underwriting earnings of $314 million, helping to offset an overall decline in earnings for the company during the third quarter of 2019. The P&C reinsurance underwriting result was almost five times higher than the $67 million reported in ... Read the full article

Investment losses hit Fairfax in Q3 but underwriting profit up

1st November 2019

Fairfax Financial Holdings Limited has reported a dip in net earnings to $68.6 million for the third-quarter of 2019, primarily as a result of a $96.7 million loss on investments, compared with a gain of $41.2 million in the prior year quarter. The Canada-based firm's net earnings fell by almost 55% ... Read the full article

MAPFRE revenues grow 6.5%, with reinsurance profits up in Q3

31st October 2019

Spanish re/insurance firm MAPFRE has posted a 6.5% increase in revenues over the first nine months of 2019, as well positive earnings growth in its reinsurance unit, MAPFRE RE. The company recorded revenues of €21.6 billion (US $24.1 billion) for the first three quarters of the year, compared to €20.3 billion ... Read the full article

All business segments contribute to revenue growth for Willis Towers Watson

31st October 2019

Insurance and reinsurance broker Willis Towers Watson (WTW) has reported a 70% increase in net income for the third-quarter of 2019 to $75 million, while growth in all segments led to overall revenue of $1.99 billion, up 7% year-on-year. The broker has reported organic growth of 6% for the quarter and ... Read the full article

RGA’s net income down at Q3

31st October 2019

Reinsurance Group of America (RGA) has reported a third quarter net income of $262.8 million, down $38.4 million from the prior-year quarter, driven partly by higher than expected traditional segment losses in Australia and modestly unfavourable results in Asia. Overall results were buoyed by RGA’s EMEA traditional segment, which reported a ... Read the full article

Lower cat losses help The Hanover maintain earnings growth in Q3

31st October 2019

Massachusetts-based property and casualty insurer The Hanover Insurance Group has reported an 18.4% increase in net income during the third quarter of 2019, helped by lower catastrophe losses. The company posted net income of $118.9 million in Q3 2019, compared with $100.4 million for the same period last year. Catastrophe losses came ... Read the full article

Swiss Re’s net income up but catastrophes hit underwriting result

31st October 2019

Global reinsurance giant Swiss Re has reported group net income of $1.3 billion for the first nine months of the year, supported by growth in reinsurance. However, a $1.7 billion hit from natural catastrophes and man-made disasters resulted in a combined ratio of 101.4% in property and casualty reinsurance (P&C ... Read the full article

Significantly improved underwriting result boosts Markel in Q3

30th October 2019

Markel Corporation has reported an improved combined ratio of 94% for the third-quarter of 2019 compared with 99% a year earlier, as the firm produced a significantly better underwriting result in the period. In 2019, Markel's underwriting results included a loss of $42.6 million from Hurricane Dorian and Typhoon Faxai. This ... Read the full article