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.
HDI Global reports stronger combined ratio of 92.7% for 9M’23
30th November 2023
Industrial insurer HDI Global, a part of the Talanx Group, has reported an improved year-over-year combined ratio of 92.7% from 95.4% for the first nine months of the year, as well as strong revenue and earnings growth. The company reported a 10% rise in insurance revenue to €6.6 billion, driven by ... Read the full article
QBE sees Q3 GWP growth of 7%, forecasts FY operating ratio of 94.5%
27th November 2023
Australian insurer QBE has reported that 3Q 2023 gross written premium (GWP) growth was 7% on the prior corresponding period, on both a reported and constant currency basis. The firm also disclosed that group-wide, renewal rate increases averaged 9.6% in 3Q 2023, while ex-rate growth was broadly flat due to the ... Read the full article
Consilium sees 35% growth in 2023, expects to reach 1.4bn by 2026
27th November 2023
International re/insurance broker Consilium, part of Aventum Group, has reported a 35% increase in revenue for the year ending June 2023 with Gross Written Premiums (GWP) at $600 million. The broker expects to reach $800 million GWP by June 2024, and $1.4 billion by year end 2026. An entrepreneurial independent broker, Consilium ... Read the full article
Africa Re reports improved Net Profit of $75.4mn in 9M 2023
24th November 2023
The African Reinsurance Corporation has announced its financial results for the first nine months of 2023 reporting strong growth in Net Profit, to $75.4 million, a “remarkable improvement” compared to the loss recorded at the end of the same period of 2022. Africa Re’s Gross Written Premium Income also saw improvement, ... Read the full article
MNRB Holdings Berhad posts improved reinsurance profit
23rd November 2023
MNRB Holdings Berhad, the parent to Malaysian Re, has reported a strong financial performance for its first six-month period ended 30th September 2023, on the back of steady growth in the Group’s reinsurance and takaful businesses. MNRB’s group net profit improved substantially to RM111.1 million (USD 24m) in the period, compared to ... Read the full article
Tower falls to reported loss as large event costs rise to $55.6m for FY23
23rd November 2023
Kiwi insurer Tower has reported a net loss for the year ended September 30 2023, as the firm's combined ratio deteriorated by more than 10 percentage points on the back of an elevated catastrophe loss experience. For the year to 30 September 2023, the insurer recorded an underlying profit including large ... Read the full article
Aspen’s Q3’23 underwriting rebounds with $47.9m income, driven by reinsurance arm
22nd November 2023
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has reported a better underwriting result across the group as it posted underwriting income of $47.9 million in Q3'23, up significantly from a loss of $70 million in Q3'22, driven by its reinsurance business. The combined ratio was 92.7% for the group in Q3’23, ... Read the full article
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
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