Active Re reports record growth and strong performance

Barbados-based reinsurer Active Re has saw its net reinsurance premiums increase by 16% and its net retained premiums by 17% in 2024, achieving what it calls “historic figures.”

Active Re also reported a 19% expansion in total equity, maintaining a strong double-digit compound annual growth rate of 47% since its inception.

Additionally, financial income more than doubled the five-year average, contributing a substantial 25% to the company’s 19% return on equity (ROE).

Despite losses from catastrophic events like the Dubai floods and the Taiwan earthquake, Active Re CEO Ramón Martínez Carrera emphasised the reduction in the loss ratio from 67% to 59%.

The company also maintained a stable combined ratio of 90%, attributing this success to “the efficient risk management of our strategic partners, MGAs, and brokers.”

In November 2024, Active Re reported a 20% year-on-year increase in net reinsurance premiums to $164 million for the first nine months of the year, declaring 2024 a “period of significant achievements.”

The reinsurer also noted that performance through October aligned with its strategic objectives, with the 20% net reinsurance premium growth demonstrating robust expansion.

Net retained premiums saw substantial growth, increasing by 38% to $106 million during the nine-month period, demonstrating the company’s strengthened retention capacity.

Moreover, return on equity for this period reached a healthy 21%, reflecting the efficiency and profitability of Active Re’s operations.

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