{"id":3853,"date":"2025-11-19T12:00:56","date_gmt":"2025-11-19T13:00:56","guid":{"rendered":"https:\/\/beijingcareer.com\/?p=3853"},"modified":"2025-11-19T18:23:12","modified_gmt":"2025-11-19T18:23:12","slug":"ms-reinsurances-combined-ratio-strengthens-as-h125-net-income-rises-21","status":"publish","type":"post","link":"https:\/\/beijingcareer.com\/index.php\/2025\/11\/19\/ms-reinsurances-combined-ratio-strengthens-as-h125-net-income-rises-21\/","title":{"rendered":"MS Reinsurance\u2019s combined ratio strengthens as H1\u201925 net income rises 21%"},"content":{"rendered":"

Zurich domiciled reinsurer MS Reinsurance (MS Re), part of global insurance group MS&AD, generated a net income of $155 million in the first half of 2025, an increase of $27 million, or 21% on the prior year, as the firm’s combined ratio strengthened despite a rise in incurred losses year-on-year.<\/p>\n

\"\"MS Re’s H1’25 insurance service profit amounts to $164 million, so up $26 million, or 19% on the prior year’s $138 million.<\/p>\n

The company’s financial profit increased to $30 million from $27 million, of which $98 million is investment income, partially offset by insurance service expenses of $68 million. This compares with investment income of $29 million and insurance service expenses of $6 million in H1’24.<\/p>\n

Net premium written rose by $359 million, or 15% to $2.762 billion in H1’25 compared with $2.404 billion in H1’24, as net premium earned increased by $121 million, or 9% to $1.531 billion, compared with last year’s $1.41 billion.<\/p>\n

Incurred losses, including loss adjustment expenses, increased by $37 million year-on-year to $869 million in H1’25, although the loss ratio, which excludes the change in loss component, came down to 56.7% from 59%.<\/p>\n

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\"Ascot<\/a><\/div>\n<\/div>\n

At the same time, expense for acquisition and other operating expense increased by $58 million to $499 million for H1’25, with an expense ratio, which also excludes the change in loss component, of 32.6%, up on the prior year’s 31.2%.<\/p>\n

All in all, MS Re generated a combined ratio of 89.3% for H1’25, an improvement of 0.9 percentage points on the prior year’s 90.2%, as the firm benefited from strong premium growth as a result of continued business expansion with well-managed and diversified portfolios, as well as strong attritional loss ratios.<\/p>\n

MS&AD announced the results for MS Re alongside those of its MS Amlin business, which also performed well in the period<\/a>, despite the impacts of the wildfires in California in January.<\/p>\n

The post MS Reinsurance’s combined ratio strengthens as H1’25 net income rises 21%<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Zurich domiciled reinsurer MS Reinsurance (MS Re), part of global insurance group MS&AD, generated a net income of $155 million in the first half of 2025, an increase of $27 million, or 21% on the prior year, as the firm’s combined ratio strengthened despite a rise in incurred losses year-on-year. MS Re’s H1’25 insurance service […]<\/p>\n","protected":false},"author":1,"featured_media":3855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/3853"}],"collection":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/comments?post=3853"}],"version-history":[{"count":3,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/3853\/revisions"}],"predecessor-version":[{"id":3857,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/3853\/revisions\/3857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media\/3855"}],"wp:attachment":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media?parent=3853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/categories?post=3853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/tags?post=3853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}