Our Financials
Peak Re’s 2022 annual results demonstrate resilience in a turbulent year.
In the year ended 31 December 2022, Peak Re reported gross written premiums (“GWP”) of USD2.3 billion with total assets under management of USD2.95 billion. The Company maintained a very competitive expense ratio of 4.4%.
2022 financial highlights
Gross written premiums | US$2,294m |
Total assets | US$6,078m |
Total equity | US$1,197m |
Solvency ratio | 209% |
Expense ratio | 4.4% |
Five-year financial summary
US$m
1,500
1,200
900
600
300
0
966
2018
1,095
2019
1,487
2020
1,470
2021
1,197
2022
US$m
2,500
2,000
1,500
1000
500
0
1,382
2018
1,665
2019
1,966
2020
2,145
2021
2,294
2022
US$m
7,500
6,000
4,500
3,000
1,500
0
3,751
2018
4,418
2019
5,661
2020
5,719
2021
6,078
2022
5
4
3
2
1
0
3.6%
2018
3.4%
2019
3.7%
2020
3.3%
2021
4.4%
2022