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Quarterly and Annual Results News

Reinsurance & insurance company results.
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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.

Hiscox Re & ILS grows 19% in Q1 2024 as it continues to deploy capital

International specialist insurer Hiscox has announced net insurance contract written premium (ICWP) within Hiscox Re & ILS grew 19.0% as the business continued to seize attractive market opportunities deploying additional capital and new quota share capacity. In Q1 2024, the international reinsurance and insurance-linked securities (ILS) arm of the Hiscox Group ... Read the full article

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AXIS sees sharp rise in net income in Q1, CR sits at 91.1%

AXIS Capital Holdings Limited has reported a substantial rise in net income for the first quarter of 2024, as it climbed to $388 million from the $173 million figure that the company posted in the first quarter of 2023. Operating income for Q124 sat at $220 million, compared to operating income ... Read the full article

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Lancashire’s GPW hit $631.7m in Q1, insurance revenue climbs 24.6%

Lancashire Holdings has announced that gross premiums written in Q1 of 2024 increased by 7.8% year-on-year to $631.7 million, while its insurance revenue increased by a huge 24.6% year-on-year to $422 million. As per Lancashire, the reinsurance segment contributed $399.7 million to the Q1 total gross premiums written figure, with the ... Read the full article

AIG reports Q1 net income of $1.2bn, GI CoR improves to 89.8%

In its Q1 2024 results, AIG has reported net income attributable to its common shareholders of $1.2 billion, marking a massive improvement compared to the $23 million recorded in the prior year quarter. According to AIG, the increase in net income was primarily driven by net realized gains on Fortitude Re ... Read the full article

Verisk reports Q1 consolidated revenues of $704m

Verisk has revealed that consolidated revenues in Q1 of 2024 were $704 million, up from $652 million in the previous year. Elsewhere, Verisk's underwriting revenues increased 8.2% in the quarter and 7.8% on an organic constant currency (OCC) basis. The firm explained that this was primarily due to its forms, rules ... Read the full article

Lemonade

Lemonade sees top line growth as loss ratio drops to 79%

Lemonade, a digital insurance firm powered by AI, has reported a net loss in Q1 2024 of $47.3 million, marking an improvement of 28% on last year's figure, while its in-force premium (IFP) grew 22% year on year (YoY) to $794 million and gross loss ratio refined 8 points to ... Read the full article

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SiriusPoint reports net income of $90.8m for Q1’24

Bermuda-domiciled SiriusPoint Ltd., a global specialty re/insurer, has reported Q1 2024 net income of $90.8 million, with core income of $62.4 million, which includes underwriting income of $44.3 million and a combined ratio of 91.4%. The core combined ratio deteriorated from 80.5% in Q1 2023, as did the firm's reported combined ... Read the full article

RenaissanceRe building

RenRe’s underwriting income rises as Q1’24 premiums swell with 45% growth in property

Bermudian RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $541 million with a combined ratio of 77.9% in its first quarter 2024 results, as the reinsurer's premiums swelled as a result of the renewal of business acquired in its takeover of Validus. RenRe explains that Q1 2024 was the first ... Read the full article

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Aspen realises dip in operating income for Q1 as CoR increases

In its Q1 2024 results, Aspen Insurance Holdings has revealed an operating income of $103 million, driven by an 86.3% adjusted combined ratio, down marginally from last year's $108 million and adjusted combined ratio of 82.7%. Gross written premiums in Q1 of 2024 were up at $1.23 billion, while net written ... Read the full article

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Everest reports Q1’24 combined ratio of 88.8% amid record underwriting income

Bermuda-based insurer and reinsurer, Everest Group, Ltd., has reported a Q1 2024 combined ratio of 88.8%, as pre-tax underwriting income reached a record $409 million for the firm, up on the $273 million seen in the prior year period. The re/insurer's gross premiums written (GWP) for Q1 2024 was $4.4 billion, ... Read the full article

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Arch sees Q1 2024 net income hit $1.1bn, CoR improves to 78.8%

Arch Capital Group has reported Q1 2024 net income available to its common shareholders of $1.1 billion, marking an increase of $395 million compared to the same quarter of 2023. After-tax operating income in Q1 2024 also improved, reaching $933 million, compared to $654 million in the same quarter of the ... Read the full article

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Beazley’s Q1 insurance written premiums increase 7% to $1.48bn

Specialist insurer Beazley has revealed that insurance written premiums in Q1 of 2024 increased by 7% compared to the previous year, reaching $1.48 billion. Adrian Cox, Beazley's Chief Executive Officer, noted that it has been a "solid start to the year" with the firm demonstrating its ability to grow whilst exercising ... Read the full article

Aon’s Reinsurance Solutions delivers 7% organic revenue growth in Q1’24

Global insurance and reinsurance broker Aon has reported a 5% increase in total revenue in the first quarter of 2024 to $4.1 billion, reflecting 5% organic growth and a strong performance its Reinsurance Solutions arm. Aon attributes the $199 million increase in total revenue to ongoing strong retention, net new business ... Read the full article

Use This Hartford

The Hartford reports 41% rise in Q1’24 net income to $748m

Insurer The Hartford has reported strong Q1 2024 results with net income of $748 million, up 41% on the $530 million seen a year earlier, as P&C written premiums increased 9% in the quarter on the back of 8% growth in commercial lines and 13% growth in personal lines. Supporting the ... Read the full article

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Universal’s Q1’24 CoR strengthens to 95.5% as net income rises

Universal Insurance Holdings has announced net income of $33.7 million for the first quarter of 2024, an increase of more than 39% on the prior year quarter, as the company's combined ratio strengthened by 4.5 percentage points to 95.5%. As well as the rise in net income, which the firm attributes ... Read the full article

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