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Arundo Re, formerly known as CCR Re, closed the financial year 2024 with a 15% turnover increase to 1.361 billion EUR (1.4 billion USD).
The combined ratio went from 96.6% in 2023 to 94.7% in 2024, marking an improvement of 1.9 points, despite the impact of natural catastrophes in Canada (forest fires, hail, floods, cyclones) and medium-sized claims linked to climate change.
The French reinsurer's annual net result climbed by 14.3% to 64 million EUR (66.7 million USD). Arundo Re's solvency ratio stood at 211% at end-December.
