Japanese general insurers’ FY24 COR improves by 0.9 percentage points to 96%: GIAJ
June 27 2025 by Joana Nguyen
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Asian Re reports underwriting turnaround with 84.9% COR in FY24
- June 26
Thailand-based intergovernmental reinsurer also more than doubled net profits for the fiscal year to US$7m.
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GIC Re’s FY25 underwriting loss at US$403m, COR improves to 108.8%
- May 27
Carrier’s net profit for the financial year rose by 3.1% to US$784.3m, while GWP grew by 10.7% to US$4.8bn.
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Japanese insurance groups lean on overseas arms to post record results
- May 21
The country's big three insurers reported a mixed bag of domestic results, but international businesses posted strong growth.
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Tokio Marine Group’s FY24 NWP up 10% to US$36.7bn
- May 20
Top-line results in line with the projections and strong due to rate increases domestically and internationally, product revisions for fire and motor and expanded specialty lines sales.
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