Echo Re: 2024 results

Echo Re closed the 2024 financial year with a 7.32% increase in turnover to 399.9 million CHF (442.7 million USD).

The reinsurer's underwriting result dropped by 16.67% year-on-year, from 18.6 million CHF (22.1 million USD) in 2023 to 15.5 million CHF (17.2 million USD) in 2024. Over the same period, net result fell by 19.92% from 25.1 million CHF (29.9 million USD) to 20.1 million CHF (22.3 million USD).

Echo Re's portfolio is dominated by the property and casualty business, which accounts for 40% of gross written premiums. In terms of geographical breakdown, Asia accounts for 61% of the reinsurer's turnover, followed by the MENA region (14%), Latin America (13%), Europe (6%), Africa (5%) and Australia (1%).

Echo Re is a Swiss-based reinsurer that is wholly owned by the Echo Group.