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.
IRB (Re) posts underlying profit in Q3’23 vs year-ago loss
13th November 2023
Brazilian reinsurance company IRB (Re), which was formerly named IRB Brasil Re, has reported an underwriting profit of R$11 million for the third quarter of 2023, compared with an underwriting loss of R$539 million in the third quarter of 2022. The reinsurer posted a net income in Q3’23 of R$48 million, ... Read the full article
Kingstone reports net loss of $3.5mn in Q3 2023
13th November 2023
P&C insurance holding company Kingstone Companies has released its financial results for the third quarter of 2023, reporting a net loss of $3.5 million on a net combined ratio of 110.2%. The net loss in the current quarter compares to the $4.0 million net loss reported in Q3 2022. According to ... Read the full article
FG Financial Group posts $5.2m net income in Q3 results
10th November 2023
FG Financial Group, a reinsurance and asset management holding company, has reported a net income of $5.2 million for the third quarter of 2023, compared to $9.8 million from the third quarter of 2022. The company also posted net reinsurance premiums earned of $4.2 million for Q323, compared to $4.4 million ... Read the full article
Maiden Holdings sees $3.5 million net loss in Q3’23
10th November 2023
Bermuda-based Maiden Holdings has reported a net loss of $3.5 million for the third quarter of 2023, compared with net loss of $8.2 million in Q3'22. It posted lower underwriting loss of $10.9 million in the third quarter of 2023, compared to an underwriting loss of $12.6 million in the same ... Read the full article
Conifer Holdings posts 16.5% increase in GWP in Q3
10th November 2023
Conifer Holdings has reported its gross written premiums for the third quarter of 2023 increased 16.5% to $38.5 million, compared to $33.1 million in the prior year period. The company said that this top line growth derived primarily from continued expansion within select key verticals that have demonstrated strong performance. Conifer Holdings' ... Read the full article
Allianz Q3 operating profit down 14.6% driven by impact of nat cats
10th November 2023
Allianz has reported that its operating profit dropped 14.6% to €3.5 billion in Q3, driven by the Property-Casualty business segment affected by a 7.3 percentage point impact by natural catastrophes on the combined ratio, the highest in a decade. The firm's net income in Q3 was €2.1 billion, down by 29.3%, ... Read the full article
SCOR posts 90.2% P&C combined ratio as nat cat losses exceed budget in Q3
10th November 2023
French reinsurer SCOR has reported Group net income of €147 million for the third quarter of 2023 and an improved P&C combined ratio of 90.2%, despite natural catastrophe losses coming in above budget and large man-made claims. In its results, SCOR states that while the attritional loss ratio is satisfactory for ... Read the full article
Great-West Lifeco sees base earnings increase to $950m in Q3
10th November 2023
Great-West Lifeco Inc. reported a solid increase in its base earnings in the third quarter of 2023, as they rose from $809 million to $950 million. The firm attributed the sharp increase primarily to business growth, as well as higher average equity markets and interest rates. At the same time, Great-West Lifeco ... Read the full article
Brookfield Reinsurance sees $77mn net income in Q3 2023
9th November 2023
Brookfield Reinsurance has announced its financial results for the third quarter of 2023 reporting a net income of $77 million, which compares to the $139 million reported in the same period last year. According to Brookfield, this figure was the result of contributions from the firm’s distributable operating earnings (DOE), less ... Read the full article
Liberty Mutual sees $219 million net income in Q3’23
9th November 2023
Liberty Mutual Holding Company and its subsidiaries (LMHC) have reported their results for the three and nine months ended September 30, 2023, posting a net income attributable to LMHC of $219 million and loss of $441 million for Q3'23 & 9M'23, compared to net loss’ attributable to LMHC of $353 ... Read the full article
Argo Group reports Q3’23 underwriting loss on higher loss ratio
9th November 2023
Argo Group International Holdings, Ltd. has announced a deterioration in its combined ratio to 115.8% for Q3 2023 compared with 101.1% in Q3 2022, driven by a higher loss ratio. The firm reported an underwriting loss of $54.3 million, compared with a $4.8 million loss a year earlier, as the loss ... Read the full article
Greenlight Re reports $13.5mn net income for Q3 2023
9th November 2023
Greenlight Re has reported a net income of $13.5mn for the third quarter of 2023, compared to the $18.5mn net loss seen in the same quarter last year; gross premiums written (GPW) increased to $183.1mn, and combined ratio improved to 91.2% from 115.4%. The 18% GPW increase in Q3 2023 relates ... Read the full article
SiriusPoint’s combined ratio hits 88% in Q3, generates $43m underwriting profit
9th November 2023
Specialty insurer and reinsurer, SiriusPoint Ltd. has posted a combined ratio of 88% for the third quarter of 2023, compared to last year's 107.7%, while also reporting a net income of $58 million for the same period. In Q3, the company's core income totaled $50 million, which includes an underwriting income ... Read the full article
Lancashire sees GWP grow 23.2% as insurance revenue breaches $1bn
9th November 2023
In its nine month results, Lancashire Holdings Limited has reported that gross premiums written increased by 23.2% year-on-year to $1.6 billion, while IFRS 17 insurance revenue increased by 22.1% to $1.1 billion. Of the total gross premiums written, the reinsurance segment accounted for $837.7 million, while the insurance segment accounted for ... Read the full article
Zurich P&C insurance revenue up 9% YoY to $31.4bn
9th November 2023
In its first nine month results, Zurich Insurance Group has reported that property & casualty insurance revenue grew 9% year-on-year to $31.4 billion, driven by strong growth in commercial and retail insurance. Of this total revenue, Zurich disclosed that the EMEA region accounted for $12.7 billion, while the North American region ... Read the full article
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