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Building trust on solid foundations.

Shareholders' Equity

USD 717.6 M

Barents Re’s consolidated equity reached USD 717.6 million, a 7.5% increase compared to the previous year, reaffirming its commitment to prudent management, a profitable business model, and a top-tier financial position in the international market.

↑7.5%

Increase compared to the previous year.

2020

2021

2022

2023

2024

USD 515.8M

USD 550.6M

USD 600.0M

USD 667.5M

USD 717.6M

Key Performance Indicators

2020

2021

2022

2023

2024

NET LOSS RATIO

68%

63%

54%

52%

47%

EXPENSE RATIO

20%

24%

31%

35%

41%

NET COMBINED RATIO

88%

87%

85%

87%

88%

NET PROFIT MARGIN

12%

24%

23%

26%

30%

Gross Written Premium

USD 365.9 M

17%

LATAM

USD 62.65 M

64%

EUROPE

USD 235.72 M

18%

MENA

USD 67.58 M

Net Profit

USD 56.6 M

+3%

Increase compared to the previous year.

Reflecting strong operational performance and profitability.

Despite the contraction in global premiums, Barents Re achieved a net profit of USD 56.6 million, consolidating its position as an efficient, profitable, and forward-looking reinsurance company.

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