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Net Premiums Earned by Segment
Reflects the portion of retained premiums recognized as revenue during the period for each segment, offering a truer picture of operational revenue flow than written premiums. Comparing earned premiums to claims and expenses helps reveal margin trends, seasonality, and whether recent premium growth is translating into current-period revenue.Short-tail earned premiums have become the primary growth engine, rising steadily while long-tail earned premiums have trended lower — a divergence suggesting management is driving near-term rate/capacity opportunities (political violence, marine/war) into the book. Reinsurance earned premium is volatile, peaking with program changes and falling after non-renewals. Q1 underwriting strength was aided by large reserve releases and cyclical catastrophe volatility, so sustainability hinges on continued selective underwriting and whether long-tail GWP growth converts into earned, profitable premium rather than one-off reserve benefits.
Date | Speciality Long Tail | Speciality Short Tail | Reinsurance |
|---|---|---|---|
Jun 30, 2026 | $41.20M | $58.40M | $25.40M |
Mar 31, 2026 | $30.90M | $63.90M | $16.40M |
Dec 31, 2025 | $28.60M | $61.30M | $21.50M |
Sep 30, 2025 | $32.40M | $60.40M | $21.90M |
Jun 30, 2025 | $30.80M | $60.20M | $24.00M |
Mar 31, 2025 | $30.60M | $57.30M | $24.90M |
Dec 31, 2024 | $35.80M | $62.40M | $22.40M |
Sep 30, 2024 | $36.90M | $67.40M | $21.80M |
Jun 30, 2024 | $36.30M | $65.70M | $19.80M |
Mar 31, 2024 | $37.20M | $60.50M | $16.80M |