CCR Public reinsurance
CCR faced a series of natural disaster events, within the whole France territory, resulting in CCR recording EUR 872 million of claims in its role as public reinsurer. Here are some of the main 2018 financial indicators:
- Gross written premiums: EUR 908 million (stable, EUR 905 million in 2017);
- Net combined ratio: 2.4% (2.5% in 2017);
- Net investment income: EUR 122 million;
- Return on investment: 1.8% (1.6% in 2017);
- Cost ratio: 2.4% (2.5% in 2017);
- Net income: EUR 147 million (EUR 33 million in 2017);
- CCR can face in 2019 a Nat Cat loss experience of 4.5 billion euros for the market without calling on the State guarantee.
CCR RE continued to grow profitably, with premium income up 17%, a decrease in combined ratio to 99.4%, and net income of EUR 35 million (twice the 2017 figure). By the end of 2018, the main financial indicators stood at the following levels:
- Gross written premiums: EUR 464 million (+17%, EUR 396 million in 2017);
- Net combined ratio: 99.4% (104.9% in 2017);
- Return on investment: 2.2% (stable, 2.2% in 2017);
- Cost ratio: 5.9% (7.2% in 2017);
- Solvency ratio: 189% (in 180-220% optimal chosen range);
- Net income: EUR 35 million (EUR 17 million in 2017);
The full report can be found on CCR website, here: 2018 CCR group's financial position
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