R&Q Insurance Holdings multi-year operational turnaround well underway

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on the Program Management (“Accredited”) and Legacy Insurance (“R&Q Legacy”) businesses, today announced its results for the half year ended 30 June 2023.

H1 2023 Financial Highlights

Accredited

·      Gross Written Premium (“GWP”) of $1.1 billion (H1 2022: $0.8 billion, a 34% increase)

·      Fee Income of $46.2 million (H1 2022: $39.1 million, an 18% increase)

·      Pre-Tax Operating Profit of $28.6 million (H1 2022: $15.4 million, an 86% increase)

·      Pre-Tax Operating Profit Margin of 57.0% (H1 2022: 43.6%, a 13.4 percentage point increase)

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
R&Q Insurance Holdings Ltd

More articles like this

R&Q Insurance Holdings Ltd

R&Q Insurance Holdings update on proposed sale of Accredited

On 20 October 2023, R&Q Insurance Holdings Ltd (LON:RQIH) announced the proposed Sale of Accredited to Onex Corporation (the “Announcement”). Capitalised terms used, but not defined, in this announcement have the meaning given to such terms in the Announcement.

R&Q Insurance Holdings Ltd

R&Q Insurance signs LPT Reinsurance agreement with a UK motor insurer

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced that it has signed a Loss Portfolio Transfer (LPT) Reinsurance agreement with a UK motor insurer covering net

R&Q Insurance Holdings Ltd

R&Q Insurance in talks with Onex regarding a potential sale of Accredited

R&Q Insurance Holdings Ltd (LON:RQIH) has noted the press commentary regarding a potential sale of the Company’s Program Management business, Accredited. As previously announced, the R&Q Insurance Board has been undertaking a review of the strategic options for the Group, which

R&Q Insurance Holdings Ltd

R&Q Insurance appoints Jerome Lande as a Non-Executive Director

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on the Program Management and Legacy Insurance businesses, has announced that, further to the announcement made on 30 June 2023, Jerome Lande has

R&Q Insurance Holdings Ltd

R&Q Insurance appoints Jerome Lande as a Non-Executive Director

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on the Program Management and Legacy Insurance businesses, has announced that, in accordance with the Purchase and Exchange Agreement entered into with Scopia Capital

R&Q Insurance Holdings Ltd

R&Q Insurance secures independent rating for Accredited

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced that AM Best has recognized Accredited as an independent ratings unit, distinct from R&Q.

R&Q Insurance Holdings Ltd

R&Q Insurance appoints Jeffrey Hayman as Non-Executive Chairman

R&Q Insurance Holdings Ltd (LON:RQI), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced the appointment of Jeffrey (Jeff) Hayman as Non-Executive Chairman of R&Q, with immediate effect.

R&Q Insurance Holdings Ltd

R&Q Insurance completes sale of its 40% holding in Tradesman

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced that, further to the announcement of 23 February 2023, the completion of the sale

R&Q Insurance Holdings

R&Q Insurance updates on its Program Management business

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced an update for its Program Management business. R&Q Accredited approved partnerships with seven new

R&Q Insurance Holdings

R&Q Insurance acquires legacy liabilities of MSA Safety

R&Q Insurance Holdings Ltd (LON:RQIH) and Obra Capital, Inc. has announced that they have acquired, through a newly formed joint venture, a wholly owned subsidiary of global safety equipment manufacturer MSA Safety Incorporated. The acquired subsidiary holds

R&Q Insurance Holdings

R&Q Insurance GWP grows by over 80% to $1.3 billion

R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, has announced a performance update for its Program Management business for the nine months ending 30

R&Q Insurance Holdings

Divisional growth on track, group scaling up

The interim results were a strong reminder that operationally RQIH remains on track to meet its defined strategic targets. Some of this was obscured during the first six months by an unsuccessful bid and a US$130m