MS Amlin Syndicate 2001 reported strong full-year 2025 results (on a UK GAAP basis), with underwriting profit rising 50.2% to $350 million from $233 million in 2024, reflecting continued improvements in underwriting and risk selection.
Gross written premiums increased 9.6%, from $2.62 billion to $2.88 billion, while net written premiums increased 18.5%, from $2.02 billion to $2.39 billion, with transaction momentum increasing in most categories, although rates softened in many areas.
The combined ratio improved to 85.4% in 2025 from 88.9% in the previous year, demonstrating the stability of the company’s investment portfolio and the reliability of its strategy to deliver consistent performance. The result was also more than 2% higher than the broader market average.
The attrition rate increased from 43.3% to 42.5%. Likewise, the net claims ratio dropped from 54.9% to 50.0%. At the same time, expense ratios increased slightly due to higher acquisition costs, but this was partially offset by lower administrative costs.
Christiern Dart, CEO of MS Amlin, said: “I am delighted with our excellent financial performance in 2025. The year started with the California wildfires and ended with continued geopolitical headwinds, but the profit and combined ratio we achieved are testament to the hard work of everyone at the company.
“These results underline the sheer quality of the business that I am now privileged to lead. The value of our parent company and our position within the international business puts us in an enviable position to continue to grow our business long-term as we increasingly leverage the MSI network to deliver more specialist solutions to clients around the world. This long-term approach complements our ongoing strategy of leveraging the strong strengths of our underwriting and claims partnership proposition and continues to pay dividends for our broker partners.”
“With the pricing environment declining sharply in the second half of the year, the advantages of working with a (re)insurer with MS Amlin’s credentials are clear as brokers seek capital and relationships they can rely on through any coming storm. MS Amlin is a safe haven for clients who know their (re)insurer has their back.
“If the past few months are anything to go by, the year ahead will be equally challenging, but we are ready for whatever happens.”
Global reinsurance company MS Amlin also recently announced its third quarter results for 2025. Insurance service profits were 183 million pounds, a year-on-year increase of 53%, and the combined ratio increased by 2.7 percentage points to 86.1%.
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