Brit Q1 combined ratio deteriorates 7.4 points to 97.6%
ReutersMay 2, 2025 2:35 PM
By Michael Jones
May 2 - (The Insurer) - Brit Insurance generated an undiscounted combined ratio of 97.6% for the first quarter of 2025, a deterioration of 7.4 percentage points on the prior-year period, its parent Fairfax Financial disclosed on Thursday.
Gross written premiums for Brit rose by 7.4% year on year to $781 million during the quarter.
Fairfax said that Brit's 2024 comparative figures excluded Ki following the official separation of the two entities on January 1, 2025.
Ki's combined ratio deteriorated by 10.1 points from the prior-year period to 98.3%, Fairfax disclosed.
The follow-form syndicate posted gross written premiums of $203.8 million for Q1 2025, an increase of 9.5% on the prior-year period.
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