Branch Insurance Exchange reports Q1 2025 results

Branch Insurance Exchange, the reciprocal managed by insurance startup Branch, has released its Q1 2025 results, ending the period with $19 million in written premiums, a slight decrease compared to Q1 2024.

The reciprocal reported a net underwriting loss of $6.5 million during the quarter, a significant improvement compared to the $22.6 million loss in Q1 2024.

Branch said in the filing that during 2024 and into 2025, it improved operational performance and significantly reduced exposure to catastrophe losses. The improvement in financial condition is attributed to several corrective actions, including rate increases, higher policyholder surplus contributions, and revised underwriting guidelines. The company also aligned its operating expenses with its business volume through workforce reductions and other cost-saving initiatives.

These measures have “strengthened the company’s financial position, enabled more favorable reinsurance renewal terms with enhanced pricing and surplus protection, and allowed the company to resume actively writing new business.”