Brit Insurance announced its 2025 results, emphasizing that full-year profits were US$651.8 million, an increase of 36.2% from 2024, and written premiums expanded from US$2.98 billion to US$3.09 billion.
Brit also reported a return on net tangible assets of 28.8% in 2025, up from 25.8% in 2024.
The discounted combined ratio in 2025 was 81.9%, an increase from the 75.7% reported in 2024, and the undiscounted combined ratio was 89.3%.
Meanwhile, Brit’s insurance services results were $446.2 million, compared with $557 million in 2024, despite a significant improvement in investment returns to $586.5 million from $272.3 million in 2024.
The company’s capital position also remains strong in 2025, with a surplus of $1.52 billion, or 175.2%, on managed capital requirements after paying $236 million in dividends.
It is worth noting that this is the first annual results released by the reorganized Brit following the demerger of Ki Financial Limited on January 1, 2025.
Group CEO Martin Thompson commented: “While our results reflect a relatively benign loss environment in 2025, the unprecedented Los Angeles wildfires at the start of the year once again reminded us that catastrophe risk is not solely determined by storms in the second half of the year.
“They also emphasized the importance of thoughtful portfolio construction, diversification and aggregation management, and diligent and efficient claims servicing to enable clients to get back on their feet when they need us most.
“Against the backdrop of changing market conditions, we continue to focus on building our position and reputation as a leading market leader. We hold leading positions in most of our businesses and are committed to strengthening and broadening our leadership capabilities at Lloyd’s.
“Across our core categories, we are setting prices and terms and, supported by our talented claims team, continue to evolve our proposition to the market. While pressure is increasing on both rates and terms through 2025, we continue to believe many product lines remain attractively profitable and that is where we have chosen to deploy capital and grow.
“I am pleased with how we have executed our plans to expand our Bermuda business this year. Through UK Re, we are building a long-term Bermuda reinsurance platform [with meaningful scale].
“The platform allows us to access business and talent outside of London, while benefiting from the UK brand and our deep underwriting expertise. The Bermuda team has delivered strong results in 2025 and we look forward to continuing to develop the platform in 2026 and beyond.
“We continue to invest in our capabilities and equip our people with the tools they need to compete and win. This year, we made further progress in how we use data while upgrading the sophistication of our AI literacy, underwriting platforms and pricing tools across the company.
“As we look to 2026, our strategy remains unchanged. Our desire for the group is to be a long-term winner at Lloyd’s, underpinned by our clear strategic focus on primary underwriting and sustainable profitability.
“We are fortunate to have ownership in Fairfax, which allows us to think long-term.
“In the short term, we remain focused on managing the cycle and delivering on our targets, in a context where market competition continues to become more intense and challenging.
“Our success is underpinned by our unique culture. I am proud of Brit’s pursuit of excellence in everything we do and grateful for the hard work everyone at Brit has put in to achieve these results.”
