COVID-19 loss reports and reserves reported by insurance or reinsurance companies
This table documents publicly reported COVID-19 pandemic-related losses, IBNR reserves and estimates from insurance and reinsurance companies.
The data was originally collected by Zurich-based financial services advisory PeriStrat LLC, operated by Hans-Joachim Guenther, and has now been augmented and updated where we can by Reinsurance News.
As insurance and reinsurance companies report new totals for their estimates of actual losses caused by the COVID-19 coronavirus pandemic, and their loss reserve setting, we will update this list and the running total.
As of June 2021, the running total is: US $37.381 billion
Read all of our reinsurance news coverage related to the COVID-19 coronavirus pandemic here.
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Company COVID-19 loss & reserves estimate ($m) Last updated DD/MM/YYYY
Lloyd’s 4,955.5 31/03/2021
Swiss Re 4,493 30/04/2021
Munich Re 4,469 06/05/2021
AXA 1,830 04/05/2021
Hannover Re 1,631.3 05/05/2021
Allianz 1,576 12/05/2021
Berkshire Hathaway 1,401 01/05/2021
Chubb 1,378 27/04/2021
AIG 1,133 06/05/2021
Insurance Australia Group (IAG) 884 20/11/2020
SCOR 883.1 28/04/2021
Zurich (P&C only) 821 12/05/2021
QBE 785 05/05/2021
The Hartford 728 22/04/2021
Fairfax Financial Holdings 682.6 29/04/2021
Liberty Mutual 680 06/05/2021
MS&AD (incl. MS Amlin) 605.8 20/05/2021
Mobiliar 579.4 13/04/2021
Mapfre 575.7 29/04/2021
Everest Re 511 28/04/2021
Hiscox 475 05/05/2021
Alleghany (TransRe) 433 06/05/2021
Partner Re 409 11/05/2021
Markel 379 29/04/2021
RSA 360.4 07/05/2021
AXIS Capital 360 14/04/2021
RenaissanceRe 352 29/04/2021
Beazley 340 13/05/2021
Tokio Marine (domestic & int.) 331 20/05/2021
Legal & General 280 10/03/2021
Arch Capital Group 272.6 27/04/2021
Generali 256.7 18/05/2021
Travelers 250 20/04/2021
Talanx (excl. Hannover Re) 207.1 06/05/2021
CNA 195 03/05/2021
W. R. Berkley 192.7 20/04/2021
Sirius 192 10/05/2021
Aspen 181.2 31/03/2021
Suncorp 164.5 09/02/2021
QIC Group 141 16/02/2021
Aviva 138.4 04/03/2021
Helvetia 103.8 25/03/2021
American Financial Group 95 03/02/2021
Cincinnati Financial 84.4 28/04/2021
Enstar (StarStone & Atrium) 81.8 07/05/2021
Baloise 77.6 09/03/2021
ARGO Group 77.2 21/04/2021
CCR Re 59 14/04/2021
SiriusPoint (old Third Point Re) 49.5 10/05/2021
Fidelis 48 15/03/2021
Lancashire Holdings 42 29/04/2021
Sompo (domestic & int.) 36.8 20/05/2021
Selective Insurance Group 33.8 29/01/2021
Trygg 22.8 16/04/2021
RLI Corp. 22.3 21/04/2021
The Hanover 19 30/04/2021
ProAssurance 10 22/02/2021
Watford Re 5.2 09/02/2021
Total: $37.381bn
Notes:
Numbers might overlap as reported losses of insurers might partially be reflected as well in reinsurers’ reported losses due to reinsurance arrangements.
Lloyd’s published in May 2020 a range with a midpoint of USD3.65b; H1 2020 net numbers include a forward-looking statement about losses of UDS780m to come; overall 40% reinsurance recovery is assumed.
Some companies’ reported losses might overlap with Lloyd’s market number as these companies operate at Lloyd’s as well, e.g., Hiscox, Beazley, ARGO etc.
Generali: net effect from loss provisions, net investment income drop but offset by lower general claims fq, excl. EUR 100m Extraordinary International Fund for the pandemic emergency.
Aviva: said that 63% of Covid-19 gross loss will be recovered from reinsurers. The loss estimate to the left considers the net loss only.
QBE: H1 2020 numbers include forward-looking statements about potential further Covid-19 losses of about USD 265m.
Talanx numbers are net of Hannover Re’s published numbers to avoid double counting.
Munich Re, Swiss Re, Hannover Re, SCOR, Allianz and Berkshire numbers include L&H loss estimates.
Sompo, Tokio and MS & AD run their financial year from April 1st and number their quarters off-set by 1.
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