Strong 2018 result
April 8, 2019 8:24 am
NB Re has published its 2018 figures on March 29, 2019.
In 2018 NB Re’s earned premium showed significant growth, increasing from €77.3 mio to €84.2 mio (+8,99%). The overall combined ratio came in at 89.2%, significantly under last year’s 93.9%. The main driver for the improved results has been the lower than expected acquisition cost ratio. The claim ratio (48.1%) and direct expense ratio (5.7%) ended up slightly above last year’s level. More details can be found in the 2018 annual report, which is available for download via the image below:
Nationale Borg Reinsurance 2018 Annual Report
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