At its meeting held on 13 March 2024, the Board of Directors of Caisse Centrale de RĂ©assurance (CCR) approved the company's financial statements for 2023.
The company's turnover for the previous year ended 31 December stood at 1.228 billion EUR (1.4 billion USD), up by 13.8% over one year. The premium volume includes 93.3% of the natural catastrophe business, 6.5% of terrorist risks and 0.2% of exceptional risks.
The annual net profit increased by 50.7% from 67 million EUR (71.5 million USD) in 2022 to 101 million EUR (111.5 million USD) in 2023.
The French reinsurer has recorded a technical loss of 80 million EUR (88.2 million USD), marked by a high natural catastrophe claims experience totaling 1.371 billion EUR (1.5 billion USD).
The year was also marked by CCR's sale of a majority stake in its subsidiary CCR Re [4] to the consortium formed by the SMABTP and MACSF groups. This transaction generated a capital gain, which enabled CCR to significantly increase its financial result to 182 million EUR (200.9 million USD) at end 2023.