Bermuda-based Lancashire Holdings Ltd. recorded a 9% year-on-year decline in its 2025 group profit after tax to $293 million amid higher costs from weather and large loss events, Reinsurance News reported. Its gross premiums written increased 5% year on year to $2.3 billion. The firm’s combined ratio rose to 93% from 89%.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.