SEPOY.net
No Result
View All Result
Monday, July 14, 2025
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Business

PartnerRe declares losses in latest interim numbers

Nicholas by Nicholas
August 4, 2022
in Business
0

According to the Covéa-owned reinsurer, here’s how it fared in the periods ended June 30:

READ ALSO

Kawartha Lakes seeks provincial aid for ice storm cleanup costs

UK wine duty: Are hotter countries really being taxed more on their wine?







Metric

Q2 2022

Q2 2021

H1 2022

H1 2021

Gross written premium

US$2.15 billion

US$2.04 billion

US$4.98 billion

US$4.51 billion

Net income/(loss) attributable to common shareholder

US$(606 million)

US$314 million

US$(1.15 billion)

US$248 million

Operating income

US$328 million

US$151 million

US$502 million

US$192 million

 

PartnerRe said the net loss was due to unrealized losses on fixed maturities of US$591 million in the second quarter and US$1.41 billion for the first half because of increasing interest rates.

In terms of underwriting profit, PartnerRe’s non-life business saw increases in the second quarter and first half, to US$282 million and US$481 million, respectively. The allocated underwriting profit for life & health, meanwhile, jumped in both periods as well. 

“With the completion of Covéa’s acquisition of PartnerRe in early July, we are excited to join a group with such an established history, strong brand, and robust financial strength,” commented PartnerRe president and chief executive Jacques Bonneau.

“As our financial results for the half year demonstrate, with an annualized operating return on equity of 15.0%, an improvement in our non-life combined ratio of 10.5 points year-over-year, and our growing life operations and third-party capital management, we believe we can make an immediate contribution to the Covéa group.”

The CEO added: “I am thankful for our relationship with Exor, which we will continue through their meaningful contribution to our third-party capital platform. We look forward to our future with Covéa and to further increasing the value that we provide to all of our clients, distribution partners, capital partners, and other stakeholders.”        

Tags: CovéaExorPartnerRe

Related Posts

Kawartha Lakes seeks provincial aid for ice storm cleanup costs
Business

Kawartha Lakes seeks provincial aid for ice storm cleanup costs

July 14, 2025
UK wine duty: Are hotter countries really being taxed more on their wine?
Business

UK wine duty: Are hotter countries really being taxed more on their wine?

July 12, 2025
Insuring solar panels from the perfect storm 
Business

Insuring solar panels from the perfect storm 

July 11, 2025
3 ways brokers can boost customer service
Business

3 ways brokers can boost customer service

July 11, 2025
Jargon and specialist talk: Struggles abound for brokers selling cyber
Business

Jargon and specialist talk: Struggles abound for brokers selling cyber

July 11, 2025
Manitoba under provincewide emergency order as wildfires continue to burn
Business

Manitoba under provincewide emergency order as wildfires continue to burn

July 11, 2025
Next Post

India’s D2R Films Signs Production Deal With Netflix

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: hello@sepoy.net

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • Casino tillsamman Swish 2025 Rapp Safari Madness $1 insättning insättningar och uttag
  • Arcade Bomb: FanDuel Local casino The newest Games Limelight
  • Casinon Tillsammans Swish, 20+ Swish Casinon Ybets bonusregler Insättningar & Uttag

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net