• Net premiums earned rose by 4% to $10.6bn
• Impact of the COVID-19 on the underwriting result of the group was $524m for Q1 22
• Net result was a loss of $248m for Q1 22 compared to a profit of $333m for Q1 21
• Treaty premium volumes increased by 15% in the April renewals
05 May 2022
Spluttering start to FY2022 impacted by Covid, large losses and Ukraine
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Spluttering start to FY2022 impacted by Covid, large losses and Ukraine
• Net premiums earned rose by 4% to $10.6bn
• Impact of the COVID-19 on the underwriting result of the group was $524m for Q1 22
• Net result was a loss of $248m for Q1 22 compared to a profit of $333m for Q1 21
• Treaty premium volumes increased by 15% in the April renewals