For the first half of 2022, CCR Re’s gross written premiums amounted to €764 million: an increase of 15% in comparison to the first half of 2021.
Non-Life profitability was maintained with a combined ratio of 98.2%, despite the consequences of the war in Ukraine and the severe hailstorms experienced in France in June.
The Life technical margin amounted to 3.0%, at the same level as in 2021 (eoy).
S&P and AM Best have confirmed CCR Re’s rating as: “A Stable Outlook”.
Bertrand Labilloy, Chairman & CEO of CCR Re, comments:
“ During the first half of this year, CCR Re has continued with its profitable and diversified growth, both in P&C and in L&H, in line with our ambition to further serve our client’s needs.”
NB:
The figures and information presented are derived from management systems and have not been reviewed by the auditors.
The premium and claims estimates have been obtained on the basis of information available to establish the financial position as at 30th June 2022.
This press release may contain forward-looking statements about CCR Re based on data and assumptions made in a given economic, financial, competitive and regulatory environment. Although CCR Re considers these statements to be based on reasonable assumptions, they are not a guarantee for the future performance of CCR Re. They involve risks and uncertainties and, as such, actual results may differ significantly from those anticipated in the statements. CCR Re does not commit to releasing any updates or revisions of the statements.
This press release and the 2021 annual results are available at www.ccr-re.com
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