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MS Reinsurance profit rises as gross premiums climb to $3.2B
For the six months ended June 30, 2026, gross written premiums rose about $300 million, while profit after tax increased to $225 million.
Zurich domiciled reinsurer MS Reinsurance, part of MS&AD, reported a rise in both scale and profitability, with gross written premiums increasing by roughly $300 million to $3.2 billion for the six months ended June 30, 2026.
MS Re said its combined ratio improved to 82.5%, supported by benign loss experience and below average catastrophe activity. Profit after tax rose from $126 million to $225 million over the same period.
In MS&AD’s financial reporting, MS Re’s insurance revenue for the April to June quarter increased by $288 million, or 53% year on year, to $827 million, reflecting earnings impact from the continued expansion of a profitable portfolio.
For the three month period, MS Re’s insurance service result increased to $120 million from $66 million, while its combined ratio improved to 85.5% after the loss ratio edged up to 74.3% and the expense ratio declined to 11.2%.