Antares Group Navigates Losses with $124M Profit in 2025

Antares Group reported a $124 million profit for 2025, demonstrating financial resilience despite incurring approximately $100 million in losses related to wildfires and the conflict in Ukraine. The firm achieved over $1 billion in total premium, underpinned by growth in its commercial division.

Strategic Growth in the Commercial Division

The Commercial division, encompassing Lloyd’s Syndicate 1274 and the Antares reinsurance platform in Bermuda, saw an 11.4% year-over-year increase in premiums, reaching $869 million [Source: news-usa.today]. This growth highlights Antares’ strengthening market position within specialized insurance and reinsurance areas.

Restructuring for Enhanced Focus

Antares Group underwent a reorganization in 2024, dividing its operations into three core divisions: Commercial, Retail, and Legacy [Source: insurancebusinessmag.com]. This restructuring aimed to sharpen the focus on core underwriting and actively manage run-off exposures.

Improved Financial Metrics

Across its operations, Antares reported total premium of $1.08 billion for 2025. The combined operating ratio (COR) improved by 1.8 percentage points to 91.2% [Source: insurancebusinessmag.com]. The Legacy division, responsible for managing the company’s run-off portfolio, also showed improvement, with losses falling to $41 million compared to $62 million in 2024.

Antares’ Position within QIC

Within QIC, Antares accounts for approximately 40% of total group revenue and roughly half of group profit [Source: insurancebusinessmag.com]. Its 91.2% COR is competitive within the Lloyd’s market, despite specific exposures to wildfire and Ukraine-related losses.

Syndicate 1274 and Managing Agency

The Managing Agent of Syndicate 1274 is Antares Managing Agency Limited (AMAL), with a registered office at 21 Lime Street, London [Source: assets.lloyds.com]. The principal activity of Syndicate 1274 is the transaction of general insurance and reinsurance business in the London Market.