Canopius is a profitable international specialty and P&C (re)insurer.
We take an ambitious approach to efficiently growing a sustainable business in areas where we have, or can have, distinction or a competitive advantage.
We are driven by empowered, collaborative and accountable people, underpinned by operational excellence and data insights.
Our ambition is to serve our clients’ needs whilst supporting people, community, business and sustainability.
Building on our momentum through 2025
Neil Robertson, Group Chief Executive Officer, said: “I am delighted with our 2024 results, achieving another record year of profitability. We have developed a consistent track record of returns and have the right framework, strategy and team to deliver profitable growth and attractive returns for our shareholders.
“Our strategy is to take an ambitious but disciplined approach to growing a sustainable international specialty and P&C (re)insurer in areas where we have or can have a distinction or competitive advantage.
“I am pleased to report another year of strong delivery against the goals we have set ourselves. While we expect 2025 to be a more challenging environment, we can look forward with confidence and are highly focused on building on our success and capitalising on the momentum we have achieved.”
2024 Financial Highlights
Amounts presented are determined from the financial statements except as noted below:
Tangible net assets (TNAV) represents total equity attributable to equity holders of the parent less intangible assets and deferred tax liabilities on intangibles
Total available capital represent tangible net assets (TNAV) plus utilised unsecured letter of credit facilities
Net insurance revenue is ‘insurance revenue’ net of the ‘allocation of reinsurance premiums’
Net combined ratio – undiscounted excludes the impact of discounting net claims costs recorded within ‘insurance service expenses’ and ‘amounts recoverable from reinsurers’ of $137.1m (2023: $84.7m; 2022: $17.1m)
Unless otherwise stated, all figures are on IFRS 17 basis
