{"id":108403,"date":"2022-09-06T16:00:52","date_gmt":"2022-09-06T15:00:52","guid":{"rendered":"https:\/\/www.reinsurancene.ws\/?p=108403"},"modified":"2022-09-06T12:09:07","modified_gmt":"2022-09-06T11:09:07","slug":"pc-reinsurers-post-13-premium-growth-through-h1-raa","status":"publish","type":"post","link":"https:\/\/www.reinsurancene.ws\/pc-reinsurers-post-13-premium-growth-through-h1-raa\/","title":{"rendered":"P&C reinsurers post 13% premium growth through H1: RAA"},"content":{"rendered":"

New data released by The Reinsurance Association of America (RAA) shows an increase in both profitability and net premiums for US property and casualty (P&C) reinsurers through the first half of 2022.<\/p>\n

\"\"<\/p>\n

The data, collected by RAA from 17 reinsurers globally, shows that the combined ratio for the group improved marginally to 96.1% last year, down from 96.8% for the same period last year.<\/p>\n

This was despite the loss ratio deteriorating 1.1 percentage points to 73.5%, as the overall expense ratio improved by 1.8 points to 22.6%.<\/p>\n

At the same time, the P&C reinsurers wrote $42.1 billion of net premiums during the H1 period this year, representing a substantial increase of 13.5% over the $37.1 billion recorded in H1 2021.<\/p>\n

The data further shows that policyholders\u2019 surplus was $246.3 billion, compared to $292.2 billion at March 31, 2022.<\/p>

\"Artemis<\/a><\/div><\/div>\n

Of the reinsurers included in the survey, General Re achieved the lowest Q2 combined ratio at 76.2%, whilst the highest was once again posted by EMC Re at 125.8%.<\/p>\n

And despite the overall improvement in results, nine out of the 17 reinsurers analysed by RAA continued to post a combined ratio above 100% in Q2. Additionally, six of the group fell to a net loss for the quarter, namely AXIS Re, EMC Re, Endurance Assurance Corporation, SiriusPoint America, Swiss Re America and XL Reinsurance America.<\/p>\n

For comparison, in Q2 2021 seven of the P&C reinsurers in the group posted a combined ratio above 100%, and seven also posted a net loss for the period.<\/p>\n

In aggregate, the group turned a net underwriting loss of $382.7 million in Q2 2022, an improvement on the $275.7 million from the prior year quarter, while net investment income came to $5.3 billion, down from $5.9 billion previously.<\/p>\n

General Re reported the biggest underwriting gain in Q2 at $462.1 million, while National Indemnity turned the largest investment income at $4.1 billion and the largest net income at $3.0 billion, but also the largest underwriting loss at $208.6 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

New data released by The Reinsurance Association of America (RAA) shows an increase in both profitability and net premiums for US property and casualty (P&C) reinsurers through the first half of 2022. The data, collected by RAA from 17 reinsurers globally, shows that the combined ratio for the group improved marginally to 96.1% last year, […]<\/p>\n","protected":false},"author":5,"featured_media":108408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[15,1183,1444,230,597],"class_list":["post-108403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-pc-reinsurance","tag-property-and-casualty","tag-raa","tag-reinsurance-association-of-america","tag-results"],"acf":[],"yoast_head":"\nP&C 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