Our financial information | Key figures
A second tier reinsurer, profitable and agile
Market reinsurance has performed exceptionally well by continuing to grow its gross written premiums to €1 186 million in 2023, which strengthens CCR Re's position as one of the second tier of reinsurers worldwide.
CCR Re trajectory
With the business plan that underpinned the creation of CCR Re in 2016 successfully executed and a year ahead of schedule, the Board of Directors has assigned new goals for the company for the 2022-2024 period as a continuation of the trajectory followed to date.
Change with continuity!
CCR Re is robust and conservative by culture, but also risk friendly and client centric with a long-term commitment view.
The company’s very strong risk management framework is reflected by the diversification of the business mix and the investment portfolio, the prudent reserving policy, the wide range of mitigation tools that protect the balance sheet and the P&L against peak risks, as well as by the group’s Board governance and the company’s organization, controls and processes.
This controlled growth, which was achieved under good solvency conditions, reflects a strong financial and operational dynamic, supported by all the business lines serving CCR Re's clients and partners.
This performance was sustained by the Property & Casualty and Life & Health insurance branches. At the same time, CCR Re increased its solvency at 208%, while achieving a good year on the markets with a return on invested assets of 2.4%.
CCR Re is continuing its controlled growth trajectory.
Change with continuity!
CCR Re is robust and conservative by culture, but also risk friendly and client centric with a long-term commitment view.
The company’s very strong risk management framework is reflected by the diversification of the business mix and the investment portfolio, the prudent reserving policy, the wide range of mitigation tools that protect the balance sheet and the P&L against peak risks, as well as by the group’s Board governance and the company’s organization, controls and processes.
This controlled growth, which was achieved under good solvency conditions, reflects a strong financial and operational dynamic, supported by all the business lines serving CCR Re's clients and partners.
This performance was sustained by the Property & Casualty and Life & Health insurance branches. At the same time, CCR Re increased its solvency at 208%, while achieving a good year on the markets with a return on invested assets of 2.4%.
CCR Re is continuing its controlled growth trajectory.
TOP 30
World reinsurers
1 186
Growth written premiums
(in EUR million)
(in EUR million)
88
EBITAER
(in EUR million)
(in EUR million)
56
Net income
(in EUR million)
(in EUR million)
The figures on this page have been audited as at 12/31/2023
96.6%
Undiscounted combined ratio
3.9%
Life technical margin
3.6
Managed assets
(in EUR billion)
1 billion in ESG assets
(in EUR billion)
1 billion in ESG assets
2.4%
Return on invested assets
4.6%
of the portfolio composed of directly held sustainable bonds
96%
of the portfolio is looked through including 84% of the collective funds
2.3°
temperature until 2100 of the financial portfolio (under direct and delegated management)
100%
of delegated assets managed by management companies that are PRI signatories
208%
Solvency II ratio
Shareholding
Mid-2023 CCR sold control, through a capital increase of 200 million euros, to a consortium made up of SMABTP and MACSF. Together they now hold 75% of the voting rights alongside CCR who kept 25% of the capital.
A
AM BEST
a solid player recognized by the rating agencies
STABLE OUTLOOK
07/05/2023
STABLE OUTLOOK
07/05/2023
A
S&P
a solid player recognized by the rating agencies
STABLE OUTLOOK
04/30/2024
STABLE OUTLOOK
04/30/2024
Relationship seniority
of CCR Re's clients have been in the portfolio for more than 10 years in 2023
of the 2022 CCR Re portfolio has been renewed in 2023
