Sompo International Holdings Ltd., a specialty property, casualty and specialty re/insurance provider, reported full-year 2025 adjusted profit of $1.7 billion, up 69% from $1.0 billion in fiscal 2024, while its discounted combined ratio (CoR) improved to 82.1% from 90.6%.
The company said the improvement in CoR was driven by lower loss ratios, lower than normal catastrophe activity and the impact of discounting.
The loss ratio dropped from 62.2% to 54.4%, and the expense ratio dropped from 28.4% to 27.7%.
In FY25, undiscounted COR improved to 93% from 100.1% in FY24.
Sompo International’s global reinsurance CoR improved by 19.9 points, supported by strong property and catastrophe results. Commercial CoR improved by 4.3 percentage points, primarily due to improvements in Property & Catastrophe and Casualty, while Consumer CoR improved by 10.3 percentage points, driven primarily by strong Auto and Property & Catastrophe performance.
Revenue increased 10.8% to $16.1 billion from $14.5 billion, driven by strong growth across all segments.
Driven by strong accident insurance renewal business, global reinsurance revenue increased by 8.8%. Commercial insurance revenue increased by 9.2%, with casualty and professional insurance revenue increasing by 9.2%, while consumer insurance revenue increased by 30.8%, mainly driven by strong growth in Turkish automobile insurance and property and catastrophe insurance.
Net investment income increased 16% to $1.6 billion from $1.4 billion, driven by growth in assets under management and resilience in global yields.
