Norwegian insurer Gjensidige Forsikring posted a better-than-expected combined ratio of 83.3 percent for the fourth quarter of 2024 while its operating earnings for the period came in comfortably ahead of analysts’ consensus forecast.

RLI’s share price fell by more than 10 percent during morning trading on Thursday as investors responded negatively to the carrier’s Q4 2024 results, which included the company falling short of analysts’ operating profit consensus forecast.

Old Republic’s consolidated combined ratio for the fourth quarter of 2024 improved by 60 basis points year on year to 92.7 percent while its operating earnings for the period came in comfortably ahead of analysts’ consensus forecast.

Norwegian insurer Protector Forsikring ASA has pre-announced 30 percent growth in gross written premium for the fourth quarter of 2024 along with an 8.4 percentage point improvement in its combined ratio.

Danish insurer Tryg has posted a combined ratio of 82.5 percent for the fourth quarter of 2024, in line with the prior-year period.

RLI’s Q4 underwriting gain fell by 63 percent to $22mn following a sharp drop in its property unit’s result, which included $39mn of Hurricanes Beryl, Helene and Milton-driven catastrophe losses, while its casualty unit swung to a loss after earning a small profit in the prior year period.

Investors reacted positively to a strong earnings beat from Travelers as management highlighted record core income in Q4 and full-year underlying underwriting income of $4.5bn.

Travelers reported a core income per diluted share of $9.15 for the fourth quarter of 2024, well ahead of consensus of $6.63.

Travelers will begin the fourth quarter and full-year 2024 earnings season on Wednesday morning, with RLI expected later in the day, and observers will be awaiting disclosures and insights on many of the major themes that are expected to dominate as carriers and brokers report in the coming weeks.

Kingstone Companies has scaled back its personal lines quota share treaty for 2025/26 by 11 points to 16 percent on a cut-off basis in a bid to improve profitability.