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Vantage Group net income more than doubles to $201.7m in 2025
Net earned premiums rose 29.8% to $1.04 billion in 2025, even as fee and other income declined to $30.7 million.
Bermuda-based specialty re/insurer Vantage Group Holdings Ltd. reported net income of $201.7 million for the year ended December 31, 2025, more than doubling from $100.5 million in 2024, according to Reinsurance News.
The company said the increase was driven by net earned premiums jumping 29.8% to $1.04 billion. Total revenues rose 27.5% to $1.18 billion, despite fee and other income falling to $30.7 million from $47.9 million.
On the investment side, Vantage’s net investment income increased 39.3% to $116.3 million. It also recognized net realized gains on investments of $425,000, reversing from a net realized loss of $1.4 million in 2024.
Vantage reported net claims and claim expenses incurred of $616.2 million, up from $524.3 million, and said income before income taxes reached $178.1 million, up 76.7% from $100.8 million. The results were published as the company enters its next phase after Howard Hughes Holdings Inc. completed an all-cash acquisition valued at about $2.1 billion in June 2026.