Gard posts $144mn 2024 profit in volatile claims environment
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Gard posts $144mn 2024 profit in volatile claims environment

Gard acquired Codan’s global marine and energy portfolio during 2024.

By Samuel Casey
March 17, 2025
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Gard reported a post-tax profit of $144mn in 2024 with a net combined ratio of 95.5%.

Profits were down 39% from the prior year, when the Nordic marine insurer posted profits of $236mn and a combined ratio of 93%.

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Topics

News Results Marine Insurers UK and Europe
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