Zurich domiciled reinsurer MS Reinsurance (MS Re), part of global insurance group MS&AD, saw its gross written premiums (GWP) rise by roughly $300 million to $3.2 billion for the six month period ended June 30, 2026.
As the reinsurer’s portfolio continued to expand, the combined ratio strengthened by 8.7 percentage points to 82.5%, supported by a benign loss experience amid below average catastrophe activity. Profit after tax increased from $126 million to $225 million in 2026.
In parent MS&AD’s earnings report, MS Re’s IFRS 17 Q1 (April – June) financial results are included as part of the parent’s financial reporting schedule. This shows that insurance revenue increased by $288 million, or 53% year-on-year to $827 million, driven by the earnings impact from the continued expansion of a profitable portfolio over recent years.
The insurance service result for the three month period increased to $120 million from $66 million, as the finance result totalled $47 million, comprised of investment gains of $98 million, partially offset by insurance finance losses of $51 million.
All in all, net income, and also adjusted profit, increased from $100 million last year to $145 million in the three month period in 2026.
Ms Re’s loss ratio for the three month period increased by 1 percentage point to 74.3%, while the expense ratio declined to 11.2%, leading to an improved combined ratio of 85.5%, compared with 87.6% a year earlier.
The post MS Reinsurance delivers increase in profit to $225m in 2026 appeared first on ReinsuranceNe.ws.
