17 U.S. reinsurers wrote $22.7 billion in net premiums in the first quarter: RAA
A group of U.S. property and casualty reinsurers wrote $22.7 billion in net premiums during the first quarter of 2022, compared to $17.8 billion in the same quarter a year earlier.
These results have just been published by the Reinsurance Association of America (RAA), which questioned seventeen P&C reinsurers.
The group’s combined ratio stood at 95.1%, an improvement compared to 98.4% for the same period in 2021. The combined ratio is explained by a loss ratio of 73.3% compared to 73.9 % for the same period in 2021, and an expense ratio of 21.8% compared to 24.5% for the same period in 2021.
The policyholders’ surplus amounted to $292.2 billion, compared to $289.6 billion as of December 31, 2021.
The RAA also found that net premiums written between the two periods increased over the same period, this type of increase was not uniform across all companies, with some such as EMC and General Re experiencing drops, while others like Endurance Assurance were up $536.2 million. at $3.3 billion.
A technical form of the RAA shows that the companies involved were American Agricultural Insurance, Axis, EMC, Endurance Assurance, Everest, General Re, Munich Re America, National Indemnity, Odyssey Group, Partner, Renaissance, SCOR US, SiriusPoint American, Swiss Re, Toa, Transatlantique and XL.