Barbados-based global reinsurer Active Re has released its 2025 annual report “Preparing for the Future”, reporting a combined ratio of 88.4% in 2025, a return on equity of 16.1%, technical performance of US$26.7 million and total equity of US$108 million.
Despite a well-capitalized global reinsurance market, pricing adjustments across multiple lines of business and increased competition, Active Re remains committed to its strategy of prioritizing portfolio quality over volume growth.
The reinsurer said this approach emphasizes sustainable value creation and responsible risk management.
For the third consecutive year, AM Best reaffirmed Active Re’s Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of ‘a’ (Excellent), both with a Stable Outlook, highlighting the company’s balance sheet strength, stable operating performance and robust enterprise risk management framework.
Ramón MartÃnez Carrera, CEO of Active Re, said: “In a market that continues to reward discipline, Active Re has demonstrated that portfolio quality, capital strength and technical consistency are the foundation for sustainable growth.
“In 2025, we made disciplined decisions that prioritized a technically sound business, long-term relationships and a clear risk vision. This approach allows us to enter the next cycle with a stronger balance sheet, a more diversified portfolio and a team ready to continue creating value for customers, partners and shareholders.”
The report also highlights Active Re’s global reach, servicing 628 cedants in 129 countries, supported by a team of 83 professionals and a network of 190 brokers and 15 authorized underwriting agencies (DUAs).
In 2025, the company also strengthened its regulatory position in Argentina, increased its recognition as a foreign reinsurer in the Middle East, Asia and Africa, and deepened key relationships in North America, Latin America, the Caribbean, EMEA and Asia Pacific.
The Treaty business remains a key growth pillar, driven by Property & Engineering, Specialty Business and Credit & Guarantee, while maintaining a disciplined approach that prioritizes technical profitability over volume growth.
The company also strengthened its global retrocession program and continued to solidify its Alternative Risk Transfer (ART) platform, expanding its capabilities to provide risk transfer and capital efficiency solutions.
In addition, the report highlights important developments in innovation, digitalization and operational efficiency. Active Re moves from the prototyping stage to actual implementation of AI solutions to improve technical and operational processes.
AI will support processing of 50% of treaty technology accounts by the end of 2025, a roadmap that will continue until 2026.
Active Re concluded: “With these results, Active Re reaffirms its position as a global, specialized and innovative reinsurer committed to technical excellence, underwriting discipline, financial strength and the creation of sustainable value for its clients, strategic partners and shareholders.”
