Westfield Specialty Reports Strong Q3 with $1.4bn GWP and 89.9% Combined Ratio

Westfield Specialty Achieves Notable Q3 Performance

Westfield Specialty, a key player in the insurance sector, has reported remarkable financial results for the third quarter of 2025, achieving a gross written premium (GWP) of $1.4 billion. This figure represents the total premiums written before reinsurance costs are deducted, reflecting a robust demand for their specialized insurance products. The combined ratio, a key indicator of profitability in the insurance industry, stood at an impressive 89.9%, indicating that the company is effectively managing its claims and expenses relative to its premiums earned.

The encouraging numbers are not merely the result of fortunate circumstances; they reflect a well-devised business strategy that emphasized diversifying underwriting lines and expanding market presence. During the first nine months of the year, Westfield Specialty implemented a strategy focusing on renewal rights transactions, which has provided a significant lift to their underwriting performance. Additionally, the expansion of both new and existing underwriting teams during the first half of 2025 has contributed to noteworthy organic growth in GWP.

Geographically, the GWP performance is almost evenly split between the United States and international operations, showcasing the company's global reach. Approximately 53% of the GWP originated from the U.S. market, amounting to about $755 million, while the international segment, headquartered in London, accounted for 47% of the total with $674 million in GWP. The combined ratio for the U.S. stood at 89.4%, while the international operations reported a slightly higher ratio of 90.3%. This balanced growth demonstrates Westfield Specialty's strong foothold in both domestic and international markets.

Jack Kuhn, President of Westfield Specialty, expressed satisfaction with the financial results, attributing the success to the long-term sustainable growth strategy that the company has adopted. The company’s investments in key markets such as the UK, US, and Dubai have begun to yield significant benefits. Kuhn emphasized their commitment to finding new business opportunities that enhance portfolio diversification and foster profitable growth.

In particular, 2025 has been a year of transformative change within the company, including a successful leadership transition in its international business segment. Kuhn highlighted that the results achieved by the London and Middle East teams further validate the effectiveness of the company’s strategic direction.

About Westfield Specialty

Westfield Specialty operates as a leading specialty insurance provider, benefiting from the financial strengths of Westfield, a prominent U.S.-based property and casualty insurance firm, and the reputable Lloyd's of London Syndicate 1200. With a reputation for delivering strategic and innovative insurance solutions, Westfield Specialty addresses the demands of its clients by providing tailored coverage that enhances business protection, facilitates recovery from losses, and drives overall growth. Its operational reach extends across the U.S., U.K., and Dubai, with plans to continually diversify its business lines and expand its specialty insurance offerings.

A Legacy of Excellence

Founded in 1848, Westfield has built a formidable legacy in the insurance industry, becoming a global leader in property and casualty insurance. The company prides itself on providing exceptional risk insights and innovative solutions to its customers through a diverse range of insurance products. As a mutual insurance company employing over 3,000 personnel, Westfield boasts revenues exceeding $4 billion and assets worth more than $12 billion. This longstanding commitment to excellence and customer satisfaction has established Westfield as a trusted partner in navigating the complexities of the insurance landscape.

For further details, visit Westfield's website.