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Tag: earnings


Financial, Risk Management

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

March 27, 2024

Via: Reinsurance News

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 […]


Financial, InsurTech, Risk Management

Insurtech Root Inc. Results Improve but Remain at a Net Loss

February 22, 2024

Via: Insurance Journal

Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and […]


InsurTech

Verisk Tops Q3 Expectations on Resilient Demand From Insurers

November 1, 2023

Via: Insurance Journal

Verisk Analytics beat market expectations for third-quarter revenue and profit on Wednesday, as more insurance companies used its products to assess risk. The data analytics company’s products cater to insurers across sectors ranging from real estate to manufacturing. Insurance company […]


Financial, Risk Management

Berkshire poised for gains on rate hikes, countering slumps

August 4, 2023

Via: Insurance Business

Berkshire Hathaway Inc. contended with rising prices, a troubled insurance market and a dearth of deals in the second quarter. But rate hikes and an expanded stake in Apple Inc. will likely help counter those woes. Warren Buffett’s conglomerate reports […]


Financial, Risk Management

Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes

February 2, 2023

Via: Insurance Journal

As it had warned last month, Allstate Corp. reported a fourth quarter 2022 loss of $310 million as losses from auto insurance outpaced an increase in revenue. Results were in comparison to net income of $790 million for Q4 2021. […]


Financial, Risk Management

Enstar announces $183mn in Q1 net earnings

May 10, 2021

Via: Reinsurance News

Legacy specialist Enstar Group has reported consolidated net earnings of $183.2 million for the opening quarter of 2021, compared to a consolidated net loss of $516.8 million in the prior year quarter. enstarKey drivers of this rather substantial earnings increase […]