Reinsurer Underwriting Results for First Quarter 2015 Released

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May 27, 2015 |

An abstract of charts in various shades of green, black, and white with overlapping lines and graphs

Only 8 of the group of 18 reinsurers reported an increase over the same period last year in net written premiums for the first quarter, as shown in the Reinsurance Association of America (RAA) 2015 survey of reinsurers’ statutory underwriting results.

RAA reported the combined ratio for the group was 90.5 percent, an improvement from 93.9 percent reported for the same period in 2014. All but three reinsurers (General Re Group, QBE North America, and Axis Reinsurance Co.) in the group reported combined ratios of less than 100 percent.

Loss ratios of the reinsurers surveyed ranged from a low of 30.4 percent to a high of 76.6 percent. The reported overall loss ratio for the group was 64.3 percent. The expense ratio for the group was 26.2 percent with a low of 14.9 percent to a high of 53.4 percent.

First-quarter 2015 pretax net income for the reinsurance group was $3.1 billion. This represented a 13 percent increase over the $2.7 billion for the same period in 2014.

Finally, the policyholder surplus of the reinsurers decreased from $141.8 billion at year-end 2014 to $131.8 billion, a decrease of 7.6 percent.

Read the RAA's press release, which contains a link to a chart with the RAA's Quarterly Underwriting Report for the first quarter of 2015 as well as results for prior years, on Captive.com.

May 27, 2015