Global reinsurers' ROE decreases but remains high

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      <subfield code="a">Principal takeaways -- Global reinsurance composite -- Composite's ROE reaches seven-year high -- Leverage declines again -- Float also decreases -- Tax burden increased due to the one-off benefit in 2023 -- Investment allocations: increases in equities and cash & equivalents</subfield>
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      <subfield code="a">In 2024, reserve leverage for the composite dropped compared to the previous year, led by the Big Four European reinsurers, as most of this group implemented IFRS 17 accounting standards in 2023, except for one of the reinsurers in the group, which implemented IFRS 17 in 2024. This effect led to a lower ROE in 2024 than in 2023</subfield>
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