Discover the new CCR Re (and CCR Group - Caisse Centrale de Réassurance) Activity Report covering the year 2021 ⬇️
📈 CCR Re continued to grow, increasing its turnover growth up 30% to 843M€ and improving its net income.
◾ The Streamline strategic plan trajectory is achieved one year ahead of schedule.
◾ A selective and diversified development strategy, with 18% of new business won and more than a third of clients in the portfolio for more than 10 years.
◾ L&H line of business grew by 27% and P&C by 32%.
Chairman and Chief Executive Officer of CCR Re, Bertrand Labilloy, commented:
« The market reinsurance business performed exceptionally well, with premium income continuing to grow to €843M, reinforcing CCR Re’s position as one of the second tier reinsurers of this world. This performance was driven by the Property & Casualty and Life & Health lines. At the same time, CCR Re maintained its solvency to 192%, while achieving a good year on the financial markets with a 1.9% return on invested assets. The expense ratio continued to decrease to 4.3% without slowing down investments for the transformation of operational processes and the hiring effort across all business lines. The current operating income was €62 million, up 59%. Net profit doubled from €18 million to €41 million. CCR Re maintains its mastered growth momentum..»
🔺📢 To view the section of the report dedicated to CCR Re, go to page 43.
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