MS Amlin’s FY 2024 underwriting profits rise 12% to $250m

Gross written premiums increased to $2.2b.

MS Amlin’s fiscal year 2024 (FY 2024) underwriting profits from its continuing business rose 12% to $250.4m (2023: $224.7m).

Gross written premiums increased to $2,222.3m, whilst net earned premiums grew 14% to $1,912.4m (2023: $1,679.4m), driven by trading momentum across multiple business lines.

The combined operating ratio remained stable at 87.2% (2023: 86.6%), reflecting the resilience of the portfolio.  

The attritional loss ratio improved to 43.3% (2023: 47.6%), highlighting enhanced risk selection.