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 Re strengthens combined ratio as GWP rises 25%
10th February 2022
Bermuda-based Everest Re has reported underwriting income of $228 million for the fourth quarter of 2021, alongside a 25% rise in gross written premiums (GWP) across the Group driven by growth in both its insurance and reinsurance segments. In the quarter, Everest Re achieved a solid underwriting gain in spite of ... Read the full article
White Mountains falls to full-year loss despite “light” Q4 cats
9th February 2022
Bermuda-domiciled financial services holding company White Mountains has posted comprehensive income of $34 million for the fourth quarter of 2021, and a loss of $273 million for the full-year. Both figures were well below the $495 million and $716 million of comprehensive income that the company reported in the same respective ... Read the full article
Argo’s Q4 result to include adverse reserve development & non-operating charges
9th February 2022
Bermuda-based property and casualty insurer, Argo Group International Holdings, Ltd., has reported that its fourth quarter 2021 financial results will include up to $140 million of net adverse prior year reserve development, and also some non-operating charges. Argo has pre-announced a number of negative impacts ahead of the release of its ... Read the full article
WTW reports 6% organic revenue growth for 2021
8th February 2022
Re/insurance broker WTW has reported organic revenue growth of 4% in the fourth quarter of 2021 and 6% for the full year, boosted by positive organic results within its Investment, Risk & Reinsurance (IRR) segment. The IRR segment posted huge organic change of 32% for the quarter and 16% for the ... Read the full article
Suncorp positive despite significant falls in net profit and earnings in H2 2021
8th February 2022
Australia’s Suncorp has reported that its net profit after tax and cash earnings for H2 2021 were down significantly, compared to those in the prior corresponding period. Despite the significant falls of 20.8% and 29.1%, the organisation said that this remained ‘a compelling result’. Christine McLoughlin, chair of Suncorp, said in a ... Read the full article
CNA’s 2021 P&C combined ratio the lowest for five years
7th February 2022
CNA Financial Corporation has reported a rise in net income for both the fourth quarter and full year 2021, as the company's property and casualty (P&C) segment produced its strongest combined ratio for five years. Net income jumped significantly in the final quarter of 2021 to $266 million from $38 million ... Read the full article
The Hartford reports strong income growth for Q4 and full-year
4th February 2022
US property and casualty insurer The Hartford has reported 36% growth in net income for the fourth quarter of 2021 and growth of 37% for the full year. Q4 income amounted to $724 million, with the company attributing the quarterly improvement to a decrease in P&C net unfavourable prior accident year ... Read the full article
Aon’s Reinsurance Solutions contributes to robust revenue growth in 2021
4th February 2022
Global broker Aon has reported an increase in total revenue of 4% to $3.1 billion for the fourth quarter of 2021 and growth of 10% to $12.2 billion for the full year, driven in part by an improved performance in its Commercial Risk Solutions and Reinsurance Solutions segments. For the quarter, ... Read the full article
Talanx Group’s net income tops €1 billion for the first time
4th February 2022
Germany's Talanx Group, the parent of reinsurer Hannover Re, has announced that in 2021, its net income exceeded the €1 billion threshold for the very first time, supported by increased earnings across its primary business and reinsurance operation. Back in 2018, Talanx published a number of goals for the period up ... Read the full article
RGA’s full year net income rises despite $1.4bn in COVID-19 claims
4th February 2022
U.S life reinsurance company, Reinsurance Group of America (RGA), has reported net income of $617 million for the full year 2021 in spite of pre-tax COVID-19 claims of around $1.4 billion. Year-on-year, RGA's 2021 net income swelled by more than 48%, while operating income fell dramatically, from $496 million in 2020 ... Read the full article
The Hanover improves FY income despite upswing in cat losses
3rd February 2022
Property and casualty (P&C) insurance company The Hanover Insurance Group, Inc. has reported improved net income for the full-year 2021 period, despite incurring significantly larger catastrophe losses than in the previous year. The company reported net income of $418.7 million for 2021, compared with $358.7 million in the previous year, as ... Read the full article
Markel grows in reinsurance as group-wide combined ratio strengthens in 2021
3rd February 2022
Markel Corporation has reported a 10% rise in reinsurance gross written premiums (GWP) in 2021 to roughly $1.3 billion, as the improved underwriting performance of the company's insurance operation helped the group-wide combined ratio improve by 8 percentage points to 90%. Alongside solid GWP growth, Markel's reinsurance division reported a 17% ... Read the full article
Allstate reports YoY growth in revenues of 20.7%
3rd February 2022
The Allstate Corporation has reported a YoY increase in revenues of 20.7% in its latest results. The insurance giant reported that its consolidated revenues rose from $41,909m across the whole of 2020 to $50,588m in 2021. It was also reported by the firm that its Q4 revenues in 2021 were 18.7% higher ... Read the full article
Chubb’s P&C underwriting income hits record high in 2021
2nd February 2022
Global insurer Chubb has reported net income of $2.14 billion for the fourth quarter of 2021, as the company's property and casualty (P&C) underwriting income hit a record $1.27 billion with a combined ratio of 85.5%. Year-on-year, Q4 net income actually fell by 11.5% from the prior year period, as core ... Read the full article
W. R. Berkley reports twofold income growth for 2021
28th January 2022
Re/insurance holding company W. R. Berkley Corporation has reported a nearly twofold increase in net income over 2021, which totaled $1.02 billion for the year, compared with $530.7 million in 2020. Operating income for the year similarly more than double from $438.3 million to $951.9 million. For the Q4 period, net income ... Read the full article