Antares Group Reports Profit Amidst Challenging Market Conditions

Antares Group has announced a profitable year for 2025, achieving over US$1 billion in premium despite significant losses stemming from wildfires and the ongoing conflict in Ukraine. The company’s reorganization into three divisions – Commercial, Retail, and Legacy – appears to be contributing to its positive financial performance.

Financial Highlights for 2025

Total premium across Antares’ operations reached US$1.08 billion for 2025. The combined operating ratio (COR) improved to 91.2%, representing an 1.8 percentage point increase in efficiency. The core business, encompassing the Commercial and Retail divisions, generated a profit of US$124 million.

Commercial Division Performance

The Commercial division, which includes Lloyd’s Syndicate 1274 and Antares’ reinsurance platform in Bermuda, experienced premium growth of 11.4% year-on-year, reaching US$869 million. Insurance Business Magazine reports that CEO attributes the company’s success to strong leadership within its various units.

Syndicate 1274 at Lloyd’s

Antares at Lloyd’s (Syndicate 1274) has been underwriting at Lloyd’s since 2008, offering a range of insurance and reinsurance products, including Property, Casualty, Marine, and Specialty lines. Antares Global highlights its commitment to providing effective solutions and exceptional service to customers worldwide. The syndicate operates platforms in the UK, Singapore, and Bermuda, covering risks globally.

Legacy Division Progress

Antares’ Legacy division, focused on managing run-off portfolios, as well showed improvement, with losses decreasing to US$41 million in 2025, compared to US$62 million in 2024. This indicates successful management of the company’s legacy exposures.

Antares’ Position in the Market

Although Antares’ 91.2% COR is slightly above some of the most profitable Lloyd’s peers, it remains competitive considering the impact of wildfire and Ukraine-related losses. The company accounts for approximately 40% of total group revenue within QIC and roughly half of group profit.

Key Takeaways

• Antares Group achieved a profit in 2025 despite significant catastrophe and conflict-related losses.
• The Commercial division, including Lloyd’s Syndicate 1274, demonstrated strong premium growth.
• The Legacy division successfully reduced its loss ratio.
• Antares’ reorganization into three divisions is contributing to improved financial performance.