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Europe’s big four reinsurers doubled combined earnings in 2023, says Moody’s

March 27, 2024

Analysts at Moody’s Investors Service report that the four largest European reinsurers—Munich Re, Swiss Re, Hannover Re, and SCOR — achieved a combined earning of €10.2 billion in 2023, more than double their earnings in 2022, attributed to higher prices and improved investment returns.

Moody’s report underscores that all four companies exhibited robust underwriting results. Despite a high number of natural disasters in 2023, the companies managed to reduce their exposure by setting higher coverage limits.

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