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.
Fidelis sees 9M underwriting income soar as combined ratio improves to 82.4%
21st November 2023
Fidelis Insurance Group has reported that underwriting income for the 9M ended September 30, 2023, was $232.9 million, with a combined ratio of 82.4%, much improved compared to an underwriting loss of $17.2 million and a combined ratio of 101.6% for the same period last year. Fidelis' net income available to ... Read the full article
Generali reports 4.7% increase in GWP to €60.5bn for 9M’23
17th November 2023
Italian insurer Generali has reported gross written premiums (GWP) of €60.5 billion for the first nine months of 2023, as its combined ratio strengthened by 3.1 percentage points to 94.3%. Generali attributes the growth in GWP to strong growth in its P&C business, which saw premiums expand 11.4% year-on-year to €23.4 ... Read the full article
Tokio Marine HCC posts 12.5% increase in net premiums written in Q2 results
17th November 2023
Tokio Marine HCC has posted a 12.5% increase in net premiums written in its Q223 financial year results to JPY 413.4 billion. Net premiums written in the firm's Non-life: North America segment reached JPY 137.3 billion, while A&H reached JPY 124.3 billion, and International came in at JPY 151.4 billion. At the ... Read the full article
MS Amlin posts 91.6% combined ratio in Q2’23, as insurance profits rise
17th November 2023
MS Amlin, the Lloyd’s global re/insurer, has published its results for second quarter 2023, which includes a combined ratio of 91.6%, compared to last year’s 100.6%. The improved combined ratio resulted in a better underwriting result with an insurance profit of £156 million, which represented an increase of £147 million from ... Read the full article
Sompo Intl. sees underwriting income of $340.6m in H1
17th November 2023
Sompo International has reported an underwriting income of $340.6 million in H1 of its 2023 financial year, down $104.6 million from the same period last year due to "increased losses due to natural disasters." The firm's commercial P&C combined ratio also adversely rose by 3.1pt YoY to 92.1%, which was again ... Read the full article
Aegon reports strong operating capital growth of 16% in Q3’23
17th November 2023
Aegon, a Netherlands-headquartered multinational life insurance, pensions and asset management company, has released its trading update for the third quarter of 2023, stating operating capital generation, before holding funding and operating expenses, increased by 16% compared to the same period in 2023, reaching €354 million. This growth can be attributed to ... Read the full article
Hallmark Financial Services reports $21.5mn net loss in Q3 2023
16th November 2023
Hallmark Financial Services has announced its financial results for the third quarter of 2023 reporting a net loss of $21.5 million, compared to the net loss of $28.1 million reported in the same period last year. According to the firm, the Q3 2023 net loss includes $13.6 million of current accident ... Read the full article
Aviva reports 13% increase in 9M’23 GWP for general insurance segment
16th November 2023
Global insurer, Aviva plc has reported a 13% increase in gross written premiums (GWP) for its general insurance business in 9M 2023 to £8 billion, driven by strong rate, new business volumes, and retention. Within the UK&I segment, GWP increased 15% year-on-year as Canadian GWP rose 11% at constant currency. While premiums ... Read the full article
IGI reports growth in reinsurance premiums in Q3’23
15th November 2023
Insurer and reinsurer International General Insurance Holdings Ltd. (IGI) has reported reinsurance gross written premiums (GWP) for the third quarter of 2023 of $15.3 million, up 140% year-on-year, as the carrier took advantage of improved pricing. The company’s reinsurance segment represented approximately 10% of the total GWP for Q3 2023. Net ... Read the full article
Oxbridge Re posts higher Q3’23 net loss
15th November 2023
Oxbridge Re Holdings, a provider of reinsurance solutions primarily to property & casualty insurers, has reported a net loss of $7.3 million in the third-quarter of 2023, compared to net loss of $2.2 million in the third quarter of 2022. The company stated that the loss in the quarter is due ... Read the full article
Coface posts 9M net income of €189.7m as turnover climbs 7.1%
15th November 2023
In its 9M results, Coface recorded net income of €189.7m, which includes €60.9m for Q3 alone. Coface recorded a consolidated turnover of €1,417.8m for the first 9M, up +7.1% at constant FX and perimeter compared to the first 9M of 2022. According to the firm, revenues from insurance activities (including surety bonds ... Read the full article
Cayman Islands’ insurance industry continues to thrive in Q3’23: CIMA
15th November 2023
The Cayman Islands Monetary Authority (CIMA) has released the latest licensing statistics for the insurance sector, indicating a robust performance in the captive insurance industry. In the third quarter of 2023, CIMA granted eight new insurance company licenses, maintaining the momentum observed in the preceding quarters. Year-to-date figures for 2023 reveal a ... Read the full article
American Coastal Insurance posts improved combined ratio of 68.7% for Q3’23
14th November 2023
American Coastal Insurance, formerly known as United Insurance Holdings, released its financial results for Q3 2023, reporting a combined ratio of 68.7% for Q3'23 as compared to a ratio of 139.3% for Q3'22. American Coastal Insurance, a property and casualty insurance holding company, reported a net income attributable to the Company ... Read the full article
GIC Re sees rise in gross premium income in half year ended September 30
14th November 2023
GIC Re has stated that gross premium income in the half year ended September 30, 2023, was INR 19,679.85 crore, compared to INR 19,122.45 crore at September-end 2022. Underwriting loss in the period was INR 3,029.04 crore against a loss of INR 1,696.07 crore in 2022. However, the company recorded Profit Before ... Read the full article
Kin posts $77.8m GWP in Q3, total revenue hits $24.2m
13th November 2023
Kin, the direct-to-consumer home insurance company, has posted $77.8 million in gross written premium and $24.2 million in total revenue for the third quarter of 2023. This compares to last year's GWP of $47,7 million and $14.8 million total revenue, respectively. The company's said that it's operating income remains positive at $11.0 ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
