Antares Syndicate posts H1’25 profit as GWP expand to $369m

Antares Syndicate 1274 at Lloyd’s, which writes Property, Casualty, Marine and Specialty insurance and reinsurance, has reported a UK GAAP profit of $42 million for H1 2025, up from $41 million in H1 2024.

During H1 2025, the syndicate also achieved a net combined ratio of 96.3% on gross written premiums of $369 million.

While the ratio deteriorated from 87.7% in H1 2024, gross written premiums were up considerably.

Antares at Lloyd’s CEO, Mark Graham, commented, “Despite experiencing two large events, Californian Wildfires and the deterioration of Russian Aviation War losses, the syndicate has demonstrated notable resilience in its financial performance.

“This strength reflects the robustness of our underwriting and diversified portfolio. In addition, our investment return has held up well in the current uncertain environment.”