• Net premiums earned rose by 4% to $11.1bn for Q1 23
• RoI improved from 0.7% for Q1 22 to 2.8% for Q1 23
• The net result swung from a loss of $248m for Q1 22 to a profit of $643m for Q1 23
• Treaty premium volumes increased by 5% in the April renewals

04 May 2023
Good start in FY2023, return to profit

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Good start in FY2023, return to profit
• Net premiums earned rose by 4% to $11.1bn for Q1 23
• RoI improved from 0.7% for Q1 22 to 2.8% for Q1 23
• The net result swung from a loss of $248m for Q1 22 to a profit of $643m for Q1 23
• Treaty premium volumes increased by 5% in the April renewals