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.
Generali posts €42.2 billion GWP in H123, combined ratio hits 91.6%
9th August 2023
Italy-headquartered insurer Generali has reported that gross written premiums (GWP) increased to €42.2 billion (+3.6%), in the first half of 2023, with the insurer noting that this was driven by significant P&C growth (+10.6%). Generali's operating result grew by 28% to reach €3,721 million, which was heavily contributed by the diversification ... Read the full article
Suncorp’s FY23 profit rises despite nat cats exceeding budget by $97 million
9th August 2023
Australian primary insurer Suncorp has reported a nearly 69% increase in net profit to $1,148 million for fiscal year 2023, despite natural hazard costs exceeding budget in the period by $97 million. Total natural hazard costs for the year came out at $1.257 billion, Suncorp said, but for the next fiscal ... Read the full article
HCI Group posts Q2’23 net income vs year-ago loss
9th August 2023
Florida-based insurtech HCI Group has reported a net income of $14.9 million in the second quarter of 2023, compared to a net loss of $8.5 million in the second quarter of 2022. Adjusted net income was $14.2 million for the quarter, compared to an adjusted net loss of $5.4 million in ... Read the full article
Heritage posts 95.1% net combined ratio in Q2, while GPW rises to $396.6m
9th August 2023
Heritage Insurance Holdings, a super-regional property and casualty insurance holding company has released its results for the second quarter of 2023, which includes a net combined ratio of 95.1%, an improvement of 4.3 points from 99.4% in the prior year quarter. According to Heritage, the combined ratio figure was driven by ... Read the full article
Hannover Re’s H1 reinsurance revenue climbs 3.9% to €12.3bn
9th August 2023
Global reinsurer Hannover Re has reported that H1 reinsurance revenue increased by 3.9% to €12.3 billion, as large losses within the P&C reinsurance segment fell within the budgeted expectations. Hannover Re's H1 2023 reinsurance service result, which reflects the profitability of underwriting activity less business ceded, surged by 56% to €1.1 ... Read the full article
Hippo reports 56% YoY growth in total generated premium in Q2’23
8th August 2023
Home insurer Hippo has announced total generated premium (TGP) growth of 56% YoY to $318 million in the second-quarter of 2023, compared to $204 million a year ago. At the same time, net earned premium for the quarter was $13.8 million, a shift from $9 million from the prior year’s quarter. In ... Read the full article
James River posts $427m GWP, while net income soars in Q2 results
8th August 2023
James River, a Bermuda-based insurance holding company has reported a gross written premium (GWP) of $427.7 million for the second quarter of 2023, a 7% rise from last year's $399.7 million. GWP for the firm's Specialty Admitted Insurance segment increased 9.6% from the prior year quarter, which included a 11.0% increase ... Read the full article
Kemper to exit preferred home/auto market, reports $16.9mn Q2 operating loss
8th August 2023
US insurer Kemper Corporation has announced it is exiting the preferred home and auto insurance market, while also reporting an improved net operating loss of $16.9m in the second quarter of 2023, compared to the $37.2m reported in the same period last year. Kemper’s exit of its preferred business will enable ... Read the full article
Tokio Marine’s international businesses produce 37.2% rise in profit in Q1’23
8th August 2023
Tokio Marine’s international business produced a profit of 91.7 billion yen for the first quarter of the 2023 fiscal year, representing year-on-year growth of 37.2%, driven by a 35.2% rise in profit to 93.2 billion yen within non-life operations. The rise in total profit comes as the firm’s international operations reports ... Read the full article
MS Amlin posts 94.9% combined ratio in Q1, as insurance profits rise
8th August 2023
MS Amlin, the Lloyd's global re/insurer, has published its results for the first quarter of 2023, which includes a combined ratio of 94.9%, compared to last year's 112.0%. The improved combined ratio resulted in a better underwriting result with an insurance profit of £53 million, which represented an increase of £132 ... Read the full article
Argo Group reports Q2 2023 underwriting loss on higher loss ratio
8th August 2023
Argo Group International Holdings, Ltd. has announced a deterioration in its combined ratio to 106.8% for Q2 2023 compared with 96.2% in Q2 2022, as the firm reports an underwriting loss of $22.4 million for the period on the back of a higher loss ratio. The Q2 2023 underwriting loss compares ... Read the full article
Ark reports solid combined ratio with GWP growth in Q2 2023
7th August 2023
White Mountains' subsidiary Ark has reported its financial results for the second quarter and half-year of 2023, reporting a robust combined ratio of 89% and gross written premiums (GWP) growth to $606 million. Ark's combined ratio in the quarter compares to the 87% reported in Q2 2022. The combined ratio for ... Read the full article
Berkshire Hathaway P&C reinsurance growth continues as underwriting improves in Q2 2023
5th August 2023
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a rise in premiums written within its property and casualty (P&C) reinsurance business in both the second quarter and half year of 2023, while the segment produced a solid combined ratio despite a rise in losses and loss adjustment ... Read the full article
RSA Insurance posts smaller profit of £55 million for H1’23
4th August 2023
RSA Insurance Group has announced a profit before tax of £55 million for the six month period ended 30 June 2023, down from £224 million a year earlier. The profit before tax of £55 million consists of £82 million underwriting profit, investment income of £79 million, £7 million central costs and ... Read the full article
RGA reports rise in net premiums of 3.3% for Q2 2023
4th August 2023
Global provider of life and health reinsurance, Reinsurance Group of America (RGA), has reported a consolidated net premium increase of 3.3% for Q2 2023 to $3.3 billion, with an adverse net foreign currency effect of $45 million. Excluding the net foreign currency effect, consolidated net premiums increased 4.7% year-over-year. RGA has ... Read the full article
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