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Canopius profit jumps 76% in H1 2026 on higher premiums
Canopius reported profit after tax of $391.0 million in H1 2026, while its net combined ratio improved to 87.3 from 89.7 a year earlier.
International specialty and P&C re/insurer Canopius reported a 76% jump in H1 2026 profit after tax, citing higher premium volumes, improved underwriting performance, and the sale of its Vave business, according to Reinsurance News.
Canopius said profit after tax rose to $391.0 million in H1 2026 from $222.0 million in H1 2025. Excluding the impact of Vave, the company reported profit after tax increased 18% to $261.0 million. Insurance contract written premiums grew 10% to $2.66 billion, and net insurance revenue rose 15% to $1.59 billion.
The insurer also pointed to underwriting results improvement, with its undiscounted net combined ratio improving to 87.3 from 89.7 in H1 2025.
Canopius’ CEO, Neil Robertson, said the company is pursuing a strategy aimed at delivering attractive returns through the cycle by expanding where it has competitive or differentiated capabilities, and that the firm remains focused on disciplined execution despite more challenging market conditions. The company also reported that tangible net assets increased 12% to $2.50 billion and said its growth came across the UK, U.S., Bermuda, and APAC, with year-on-year premium growth of 10%.