IronRock Insurance Company has reported a net loss for the year ended December 2025, despite an increase in revenue.
After accounting for taxation, IronRock recorded a net loss of $12.4 million, compared to a profit of $80.7 million in 2024.
The company posted insurance revenue of just over $2.1 billion, up from $1.7 billion in 2024.
However, higher insurance service expenses and reinsurance costs weighed on performance, resulting in an insurance service surplus of $96.2 million, down from $150.6 million the previous year.
Net investment income remained relatively stable at $102.6 million.
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