Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, produced an improved combined ratio of 90.4% and 89.8% for the fourth quarter and full year 2025, respectively, supported by lower catastrophe losses and higher net favourable prior year reserve development (PYD) for both periods when compared with the prior year.AXIS Capital ended 2025 strongly with fourth quarter Group net income of $282 million, down slightly on Q4 2024’s $286.1 million, as total revenues increased to $1.7 billion for th ...

Core Insights - Sampo Group reported strong financial results for the first half of 2025, with significant growth in gross written premiums and underwriting profits, driven by disciplined underwriting and efficiency gains [2][3][5] Financial Performance - Gross written premiums increased by 9% year-on-year to EUR 2,542 million in Q2 2025 and by 11% to EUR 6,242 million in the first half [3] - Insurance revenue, net, rose by 10% to EUR 2,264 million in Q2 and by 9% to EUR 4,452 million in the first half [3] - The underwriting result improved by 23% to EUR 393 million in Q2 and by 26% to EUR 729 million in the first half [3] - Net profit surged by 35% to EUR 417 million in Q2 and by 8% to EUR 703 million in the first half [3] - Operating EPS increased by 26% to EUR 0.16 in Q2 and remained stable at EUR 0.26 for the first half [3] Operational Efficiency - The combined ratio improved to 82.6% in Q2 and 83.6% in the first half, reflecting better underwriting margins and a favorable claims environment [3][5] - The risk ratio decreased to 56.8% in Q2 and 57.8% in the first half, while the cost ratio slightly increased to 25.9% in Q2 and 25.8% in the first half [3] Strategic Initiatives - Sampo announced a new EUR 200 million share buyback program, funded by capital generated in 2024 [5][16] - The outlook for the 2025 underwriting result has been raised to EUR 1,425–1,525 million, indicating an expected growth of 8–16% year-on-year [22] Market Position and Growth - The private operations in the Nordics and the UK showed strong premium growth of 9% and 13% respectively, supported by improved customer retention and digital sales [2][10][12] - Digital sales in the Commercial segment increased by 30% in the first half, indicating a shift towards online purchasing among SMEs [11] Leadership Transition - Torbjörn Magnusson announced his retirement as Group CEO, with Morten Thorsrud appointed as his successor effective from October 1, 2025 [20]