{"id":1738,"date":"2025-08-07T11:00:59","date_gmt":"2025-08-07T11:00:59","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=1738"},"modified":"2025-08-07T14:28:34","modified_gmt":"2025-08-07T14:28:34","slug":"canopius-net-insurance-revenue-up-42-in-h125","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/08\/07\/canopius-net-insurance-revenue-up-42-in-h125\/","title":{"rendered":"Canopius net insurance revenue up 42% in H1\u201925"},"content":{"rendered":"

International specialty and P&C re\/insurer Canopius has announced its financial results for the first half of 2025, reporting a net insurance revenue increase of 42%, to $1.39 billion from $0.98 billion in H1 2024, and a net combined ratio (discounted) of 84.0%.<\/p>\n

\"\"The firm\u2019s insurance contract written premium figure in H1 2025 increased 31% to $2.41 billion, from the $1.84 billion reported in H1 2024. Canopius\u2019 profit after tax in the period also improved, to $222 million compared to the $179 million in the same period last year.<\/p>\n

Annualised Return on Opening Tangible Equity (ROTE) in H1 2025 stood at 24.5%, which compares to the 23.9% seen in H1 2024.<\/p>\n

At 84.0%, combined ratio (discounted) improved slightly in H1 2025, compared to the 85.4% reported in the same period the year prior. Group net combined ratio (undiscounted) was 89.7%, compared to H1 2024\u2019s 91.3%.<\/p>\n

The modest increase in Canopius\u2019 undiscounted loss ratio during the period reflects elevated industry-wide catastrophe activity during the first half of 2025.<\/p>\n

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Importantly, attritional loss ratios remained stable, despite absorbing several significant market events, including the aviation leasing legal judgment and several large losses in the Energy sector.<\/p>\n

Favourable development on both current and prior accident years continues to demonstrate the prudence of the company\u2019s reserving approach, Canopius noted.<\/p>\n

\u201cAt Canopius, we are guided by a clear strategic vision focused on delivering attractive, sustainable returns by expanding in areas where we have a competitive edge or differentiated capabilities. Our relentless focus on underwriting and execution has created strong business momentum that has again allowed us to deliver both attractive growth rates and robust underwriting profitability,\u201d said Neil Robertson, Group Chief Executive Officer.<\/p>\n

He continued: “The Group is well placed to capitalise on the strong fundamentals of our industry. The ongoing enhancement of our operational capabilities combined with our disciplined underwriting approach continues to position us well to take further advantage of emerging opportunities and sustain our profitable growth.\u201d<\/p>\n

\u201cThe year has started well. Despite rate pressure emerging across parts of our portfolio, the breadth of our business and the momentum we have generated in recent periods has been reflected in material premium growth at strong levels of rate adequacy. We were again able to demonstrate growth and profitability across our business regions in the UK, US, Bermuda, and APAC.\u201d<\/p>\n

Robertson noted that the January California wildfires \u201cwere a significant though not outsized event for Canopius.\u201d It was the fact that the period experienced many smaller catastrophe events, which combined with the wildfires, led to higher catastrophe losses relative to the prior half year. The CEO explained.<\/p>\n

He continued: \u201cHowever, attritional loss experience is stable, with positive reserve experience on both current and prior years.<\/p>\n

\u201cOur balance sheet has strengthened once again this half year. The investment return from our high-quality investment portfolio continues to trend positively as our business grows and we continue to maintain a prudent reserving position and have a robust capital surplus.\u201d<\/p>\n

\u201cTo deliver lasting value to our customers and shareholders, we remain committed to driving excellence and consistency across our business. In recent years, we\u2019ve accelerated our progress, building a more diverse and resilient enterprise through the disciplined execution of our strategic priorities.<\/p>\n

Robertson concluded: \u201cAs market competition intensifies, we continue to apply a disciplined and selective approach to capital allocation with a strongly held commitment to pricing integrity across all parts of the Canopius Group. We are confident in our ability to navigate the remainder of 2025 and to further enhance our value proposition.\u201d<\/p>\n

The post Canopius net insurance revenue up 42% in H1’25<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

International specialty and P&C re\/insurer Canopius has announced its financial results for the first half of 2025, reporting a net […]<\/p>\n","protected":false},"author":1,"featured_media":1740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1738"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=1738"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1738\/revisions"}],"predecessor-version":[{"id":1742,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1738\/revisions\/1742"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/1740"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=1738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=1738"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=1738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}