AIG reports GI underwriting income increase of 81% for Q3’25

AIG’s General Insurance segment delivered a very strong Q3 2025 performance, with underwriting income increasing by 81% to $793 million. This big improvement mainly came from much lower catastrophe losses – $100 million this year compared to $417 million last year and continued strict underwriting discipline. Gross premiums written rose slightly to $8.7 billion, and although net premiums written slipped to $6.2 billion, overall profitability improved because the combined ratio fell to 86.8% (from 92.6% a year earlier). The accident-year combined ratio, excluding cats, remained stable at 88.3%, showing that the core portfolio remains stable and profitable. Adjusted pre-tax income for the segment grew 44% to $1.7 billion, helped by both strong underwriting and higher investment income. Across the whole company, net income increased to $519 million. AIG is also making several strategic moves, including investing in Convex Group (a specialty insurer) and Onex Corporation (an asset manager), and planning to acquire renewal rights to about $2 billion of Everest Group’s global retail commercial portfolio-steps that support long-term growth and expand AIG’s market presence.

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Allianz reports highest 9M operating profit ever in 2025

Allianz reported its strongest nine-month results ever in 2025, reaching a record €13.1 billion in operating profit – much higher than the €11.8 billion it made in the same period last year. The company’s total business volume also grew by 8.5%, reaching €141.2 billion, thanks to steady growth across all parts of its business. Its property and casualty insurance segment performed better because of improved claim results, while the life and health business continued to see stable demand. Allianz’s asset management division also grew as more clients invested money with them, which means more individuals and institutions chose to entrust their funds to Allianz to invest and manage on their behalf. Overall profit after taxes and adjustments rose to about €8.4 billion, showing that the company is in a strong financial position. Because of these results, Allianz increased its forecast for the full year and now expects to finish 2025 with at least €17-17.5 billion in operating profit.

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Swiss Re’s Group net income rises 85% as P&C reinsurance delivers 77.6% CoR

Swiss Re posted an exceptionally strong result for the first nine months of 2025, with net income jumping 85% to about $4 billion, marking a major rebound compared to last year. The biggest boost came from its property and casualty reinsurance business, which delivered $2.3 billion in profit – nearly four times more than last year – thanks to a much quieter year for natural disasters and very disciplined underwriting. This led to an outstanding combined ratio of 77.6%, showing extremely profitable underwriting and far fewer costly claims than usual. Strong investment income also added support, further strengthening the company’s overall performance. Altogether, the results highlight how reduced catastrophe losses and careful risk management helped Swiss Re achieve one of its most impressive years in recent memory.

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Munich Re confirms €6bn annual guidance as net result rises 12% to €5.2bn in 9M’25

Munich Re delivered an impressive performance in the first nine months of 2025, raising its net profit by 12% to €5.2 billion and confidently reaffirming its goal of reaching €6 billion for the full year. The third quarter was especially strong – profit almost doubled compared to last year – driven by excellent underwriting results, noticeably higher investment income, and far fewer major natural catastrophe losses in its property and casualty reinsurance segment. With claims coming in well below long-term averages, the company enjoyed stronger margins and healthier overall profitability. Although insurance revenue dipped slightly due to currency movements, Munich Re still achieved a solid improvement in its operating result and return on equity. Overall, these results show that Munich Re benefited from lower-than-usual claims, careful and selective underwriting, and the strength of having multiple business lines to rely on. All of this has put the company in a strong and confident position to achieve its full-year profit target.

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