{"id":1843,"date":"2025-08-14T11:00:29","date_gmt":"2025-08-14T11:00:29","guid":{"rendered":"http:\/\/xinetica.com\/?p=1843"},"modified":"2025-08-14T14:28:36","modified_gmt":"2025-08-14T14:28:36","slug":"sompos-global-reinsurance-cor-improves-on-lower-cat-losses-in-q1-fy25","status":"publish","type":"post","link":"http:\/\/xinetica.com\/index.php\/2025\/08\/14\/sompos-global-reinsurance-cor-improves-on-lower-cat-losses-in-q1-fy25\/","title":{"rendered":"Sompo\u2019s global reinsurance CoR improves on lower CAT losses in Q1 FY\u201925"},"content":{"rendered":"

Sompo Holdings, Inc. has posted results for its overseas insurance\/reinsurance business for the first quarter of the 2025 financial year, reporting a global reinsurance combined ratio of 85.8%, down 10.9 points from 96.7% a year earlier, due to better-than-expected CAT loss experience.<\/p>\n

\"Sompo\"Commercial insurance CoR increased 5.2 points to 93.9% from 88.7%, mainly due to EMEA and UK Insurance, which experienced several large losses, including marine & energy, property, and a large Brazil fire loss.<\/p>\n

Consumer insurance CoR decreased by 21.2 points to 99.3% from 120.5%, driven by the loss component release on Turkey\u2019s motor book as portfolio performance improved quarter over quarter.<\/p>\n

Total undiscounted CoR for Q1 FY\u201925 was 94.0%, down 3 points from 96.9% in Q1 FY\u201924, driven by lower loss and expense ratios of 65.2% and 28.8%, compared to 66.3% and 30.6%, respectively.<\/p>\n

Global reinsurance revenue grew 3.2% year over year to $810 million from $785 million, driven by strong growth in casualty and property, partially offset by professional lines.<\/p>\n

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Commercial insurance revenue rose 8.3% to $2.8 billion from $2.6 billion, with strong growth across casualty and agriculture.<\/p>\n

Consumer insurance grew by 37% to $321 million from $235 million, primarily driven by strong growth in motor.<\/p>\n

In total, insurance revenue increased 9% to $3.9 billion from $3.6 billion, reflecting sustained momentum across all segments.<\/p>\n

Insurance service result improved 30% to $386 million from $296 million, as premium growth outpaced the increase in technical expenses due to strong underwriting performance.<\/p>\n

Sompo reported continued growth in net investment income to $360 million from $318 million, due to higher assets under management and resilient yields globally.<\/p>\n

Assets under management increased $3.7 billion year over year to $24.8 billion from $21.1 billion.<\/p>\n

The post Sompo\u2019s global reinsurance CoR improves on lower CAT losses in Q1 FY\u201925<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sompo Holdings, Inc. has posted results for its overseas insurance\/reinsurance business for the first quarter of the 2025 financial year, […]<\/p>\n","protected":false},"author":1,"featured_media":1845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1843"}],"collection":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=1843"}],"version-history":[{"count":3,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1843\/revisions"}],"predecessor-version":[{"id":1847,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1843\/revisions\/1847"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/1845"}],"wp:attachment":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=1843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=1843"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=1843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}