Results

Travelers: Focus on pricing, exposure growth, loss costs and inflation

With Travelers the first P&C insurer to report Q2 earnings, equity analysts have seized upon key themes from the carrier’s results as a potential read-across to others in the US sector, including pricing, exposure growth, loss costs and inflation.

Munich Re to report €1.1bn Q2 profit as flags below-average major losses

Munich Re has preannounced a second-quarter net profit of €1.1bn ($1.3bn), with the carrier pointing to below-average major loss expenditure in its P&C reinsurance business as driving the result.

Travelers: BI rate tempering “appropriate” based on improved return profile

Travelers has described the moderation of renewal rate increases in its business insurance segment in the second quarter as “appropriate” as pricing remains well in excess of loss trend and the profitability of the book has significantly improved.

Travelers reports strong earnings beat as UW and investment results improve

Travelers has kicked off the US P&C insurer Q2 reporting season with a strong earnings beat as core income reached $879mn driven by improved underwriting results that benefited from lower cat losses along with reserve releases and significantly higher investment income.

Mapfre Re to book 11.4% premium growth in H1

Mapfre Re has reported an 11.4 percent increase in written premium for the six months to 30 June.

Truist Insurance expects high single-digit organic growth in Q3 after best ever Q2

CRC, McGriff and AmRisc parent Truist Insurance Holdings is forecasting record organic growth in the high single digits for the third quarter, traditionally its weakest period of the year, after reporting a bumper Q2 number of 14.8 percent.

Truist Insurance Holdings’ organic growth jumps to 14.8%

Insurance broker stocks are expected to trade up today after CRC Group, McGriff and AmRisc parent Truist Insurance Holdings reported record quarterly revenues with organic growth surging to 14.8 percent in Q2.

Analysts: Q2 carrier earnings to benefit from lower cats and investment gains

The Q2 earnings season will see US P&C carriers benefit from lower weather and catastrophe losses as well as investment gains, while brokers are expected to report better organic growth outlooks driven by the economy and pricing environment, according to equity analysts.

Gjensidige beats consensus as delivers Q2 CR of 78.7%

Norweigian carrier Gjensidige has reported consensus-beating second-quarter earnings, with a combined ratio of 78.7 percent and an underwriting result of NOK1,527.0mn ($174mn) – nearly 14 percent above the same period in 2020.

Admiral ups H1 profit guidance on continued motor claims windfall

London-listed motor insurer Admiral said it expects to post a higher-than-expected pre-tax profit in the first half of 2021 after a boost in earnings from its motor injury claims division.

Tryg reports 4.7% premium growth in Q2

Scandinavian insurer Tryg generated underlying premium growth of 4.7 percent during the second quarter of 2021.

Horace Mann ups 2021 EPS guidance on Q2 investments and lower cats

Horace Mann Educators Corporation has pushed its 2021 earnings per share (EPS) guidance up by over 15 percent on the back of strong net investment income returns and lower-than-guided catastrophe losses in the second quarter.

BP Marsh shares gain as NAV climbs 9.5% in 2020

Shares in specialist UK insurance investor BP Marsh gained almost 3 percent this morning after the firm reported a 9.5 percent increase in the equity value of its portfolio for the financial year ended 31 January 2021 and a consolidated profit after tax of £13.7mn ($19.4mn).

Lloyd’s 2020 YoA optimism rises as Uri losses appear manageable

There is cautious optimism among members’ agents that the 2020 year of account will deliver a result significantly above current indications with underlying loss ratios “better than for any year since 2015”.

Helios outperforms Lloyd’s market by 5.7% in 2020

Lloyd’s investment vehicle Helios outperformed the wider Lime Street market by 5.7 percent during the 2020 calendar year, generating earnings per share of 1.59 pence.

Aviva on course for FY CR of 95% in core GI units

UK insurer Aviva said it expects to report a full-year combined ratio of 95 percent or below in its core businesses following a first quarter which again saw it benefit from reduced motor claims frequency due to Covid-19.

R&Q shares fall in response to new divi policy despite strong FY results

Shares in Randall & Quilter (R&Q) have fallen in response to the unveiling of a new “progressive dividend policy” despite being accompanied by a doubling of pre-tax full-year operating profits and growth in its two operating divisions which executive chairman William Spiegel described as “quite extraordinary”.

NFP’s Q1 revenues up 15% with broker on target to hit $1.9bn by year end

NFP’s revenues increased by 15 percent year on year during the first quarter of 2021 as the business benefited from contributions from acquisitions and organic growth, with the expansive broker on course to reach $1.9bn of annual revenue by year end.

Five key takeaways from the latest Lloyd’s forecasts give reasons for optimism

Despite a series of catastrophe and major loss events which have meant the Lloyd’s market has not delivered an underwriting profit since 2016, there remains optimism that the remedial measures first introduced in 2018 by Lloyd’s then head of performance Jon Hancock are having a positive impact.

Skyward Specialty posts net profit of $13.6mn in Q1 despite cat losses

Skyward Specialty turned a prior year net loss into a net profit of $13.6mn in Q1 2021, while the company’s combined ratio improved by 3.7 points year on year to 93.8 percent in the period as it benefited from the re-underwriting of its portfolio and improved market conditions.

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