Global reinsurers delivered strong results in the 2024 with further improvement in underwriting profitability, exceptional ROEs. The underlying underwriting margin increased from 2.7% a year ago to 3.9%.
Total net written premium in H1 2024 for TOP 25 global largest reinsurance companies totalled $178 bn.
Largest European reinsurers, Munich Re, Swiss Re, and Hannover Re, saw further improvements in earnings in 2024, driven by better underwriting results across most business lines. SCOR reported a loss due to unfavourable changes in its life and health insurance reserving assumptions, according to Fitch Ratings and AM Best.
TOP 25 Global Reinsurers by Net Written Premium
| Rank | Reinsurer | NWP, $ mn | Change, % |
| 1 | Munich Re | 31 587 | 5.2% |
| 2 | National Indemnity | 16 908 | -46.0% |
| 3 | Hannover Re | 12 171 | 5.0% |
| 4 | MAPFRE | 11 353 | 6.9% |
| 5 | RGA | 9 296 | 38.3% |
| 6 | Everest Re | 7 984 | 14.0% |
| 7 | Arch Capital | 7 866 | 14.8% |
| 8 | SCOR | 7 057 | 0.3% |
| 9 | Renaissance Re | 6 038 | 35.4% |
| 10 | WR Berkley | 5 978 | 11.0% |
| 11 | Markel | 4 511 | 1.9% |
| 12 | Axis Capital | 3 296 | 7.9% |
| 13 | Korean Re | 2 202 | -0.8% |
| 14 | Swiss Re | 2 075 | 3.4% |
| 15 | Hiscox | 1 582 | 3.8% |
| 16 | General Re | 1 467 | 16.5% |
| 17 | Fidelis | 1 448 | 13.6% |
| 18 | Transatlantic Re | 1 447 | |
| 19 | Sirius Point Re | 1 283 | -12.2% |
| 20 | QIC | 1 186 | -16.3% |
| 21 | WMIG Ark | 1 101 | 0.4% |
| 22 | QBE | 834 | 9.1% |
| 23 | Fairfax | 748 | 2.5% |
| 24 | Lancashire | 640 | 26.0% |
| 25 | RSUI Indemnity | 512 | |
| Index aggregate | 178 002 | 2.1% | |
| Subset aggregate | 12 753 | 7.0% |
