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.
Universal sees Q3 net loss of $5.9m, combined ratio drops 28.5 points
27th October 2023
Universal Insurance Holdings has reported a Q3 net loss of $5.9 million, much improved compared to a loss of $72.3 million in the same quarter last year, while the firm's combined ratio dropped 28.5 points to 110.7%. Universal's adjusted net loss available to common stockholders was $4.6 million, compared to a ... Read the full article
MAPFRE RE’s net income increases by 103% in Q3, combined ratio reaches 95%
27th October 2023
MAPFRE RE, the reinsurance division of Madrid-headquartered insurer MAPFRE, has posted a net income of €189.5 million for the third quarter of 2023, more than double the previous year's €93.5 million, representing a 103% increase. At the same time, MAPFRE RE premiums, which include both the Reinsurance and Global Risks business, ... Read the full article
Arthur J. Gallagher reports improved total revenue of $2.45bn in Q3
27th October 2023
In its Q3 2023 results, Arthur J. Gallagher & Co. reported total revenues before reimbursements of $2.45 billion, up from 2.01 billion in the same quarter last year. The firm's brokerage segment accounted for $2.12 billion of the total Q3 revenue, up from $1.74 billion last year, while the risk management ... Read the full article
Donegal Group reports Q3 $0.8mn net loss
26th October 2023
US primary holding company Donegal Group has reported a net loss of $0.8 million in its third quarter of 2023 results, an improved figure when compared to the $10.4 million net loss from the same period last year. Donegal Group’s combined ratio for Q3 2023 improved to 104.5%, compared to 109.6% ... Read the full article
WTW posts 9% organic growth in Q3’23
26th October 2023
Insurance broker WTW has posted 9% organic revenue growth for the third quarter of 2023, as total revenues increased by 11% to $2.17 billion. WTW saw net income decline by 28%, to $139 million from $192 million, while income from operations rose by 3% to $159 million from $154 million. The Risk ... Read the full article
Goosehead Insurance sees total revenues grow 23% to $71m in Q3
26th October 2023
In its Q3 results, Goosehead Insurance reported that total revenues were $71 million, an increase of 23% compared to the corresponding period in 2022, while net income hit $11.3 million versus $3 million a year ago. According to Goosehead, the improvement in net income was driven by strong revenue growth and ... Read the full article
Everest returns to underwriting profit in Q3 2023 on improved pricing & lower cat losses
26th October 2023
Global insurer and reinsurer Everest Group has reported a combined ratio of 91.4% for the third quarter of 2023 and pre-tax underwriting income of $301 million on the back of improved pricing and a reduction in catastrophe losses. The Q3 2023 combined ratio strengthened by 20.5 percentage points from the 112% ... Read the full article
Chubb reports significant rise in net income as P&C underwriting profit swells in Q3
25th October 2023
Property and casualty insurer Chubb has reported net income and core operating income for Q3 2023 of $2.04 billion each, up 157.8% and 55.4%, respectively, as its P&C arm delivered a combined ratio of 88.4% with underwriting income of $1.31 billion. The P&C underwriting result improved significantly from the $710 million ... Read the full article
RLI reports 98.7% combined ratio as net earnings fall to $13.5m in Q3 2023
24th October 2023
Specialty insurer for property, casualty and surety markets, RLI Corp., has reported underwriting income for Q3 2023 of $4.2 million and a combined ratio of 98.7%, compared year over year to $8.8 million and a 97% combined ratio. The company’s Q3 2023 net earnings of $13.5 million, translated to $0.29 per ... Read the full article
Brown & Brown revenues up 15.1% in Q3’23
24th October 2023
US broker firm Brown & Brown has reported revenues of $1,067.7 million for the third quarter of 2023, representing an increase of $140.1 million, or 15.1%, when compared with the same period last year. Notably, organic revenue increased 9.6% from last year, income before income taxes was $242.3 million, increasing 11.1% ... Read the full article
Kemper anticipates net loss of $150m in preliminary Q3 results
24th October 2023
In its preliminary results for Q3 of 2023, Kemper has announced an estimated net loss between $140 million and $150 million and an estimated adjusted consolidated net operating loss between $25 million and $35 million. According to the firm, net loss for Q3 includes an estimated $56 million after-tax non-cash charge ... Read the full article
W. R. Berkley Corporation sees net income increase 45.7% to $334m in Q3
24th October 2023
W. R. Berkley Corporation has reported that Q3 underwriting income and net income grew 34.7% and 45.7% to $258.7 million and $333.6 million, respectively, while net investment income in the quarter stood at $270.9 million, driven by a 59.3% increase in the core portfolio. The firm also disclosed a Q3 operating ... Read the full article
Talanx raises FY23 profit forecast to more than €1.5 billion
24th October 2023
The Talanx Group, the parent company of global reinsurer Hannover Re, expects to report net income of over €1.25 billion for the first nine months of 2023, and has raised its profit expectation for the full year to significantly above €1.5 billion. The carrier notes a strong operating performance of its ... Read the full article
Munich Re reports preliminary Q3 net result of €1.2bn, sets new annual target
23rd October 2023
Citing consistently good operational performance in all business segments, Munich Re has disclosed a preliminary net result for Q3 of ca. €1.2bn, as the firm remains "well positioned" to surpass the previous annual target of €4bn. Munich Re explained that in property-casualty reinsurance, it reported major losses that were slightly below ... Read the full article
Canadian personal auto & property rates up through Q3’23: Applied Systems
20th October 2023
The results of the latest Applied Rating Index by Applied Systems shows that average premiums for both Personal Auto and Personal Property lines increased in Canada year over year in the third quarter of 2023. Quarter over quarter, premium rate change increased for both Personal Auto and Personal Property compared to ... 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.
