A Message from the CEO
In 2023, we produced $3.7 billion of gross premiums written, an increase of 0.5% over the prior year. While growth was relatively flat, our five-year average growth rate is 15%, reflecting improving market conditions in reinsurance in recent years. Our reinsurance portfolio generated a combined ratio of 89.5% in 2023, compared to 95.5% in 2022, which is a testament to our defined risk appetite, diversification and underwriting discipline.
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