Bermuda-based reinsurer PartnerRe has reported net income of $447 million for the first half of 2026, with return on equity of 8.1%, while its non-life combined ratio was 85.1%. Total revenues for H1 2026 fell 15.5% year over year to $4.10 billion, compared with $4.86 billion in H1 2025. Recurring net investment income also delivered a strong performance, rising 15.8% to $491.1 million in H1 2026, while other income declined to $27.1 million from $44 million. “Our Non-Life business produced a solid underwriting performance with a combined ratio of 85.1%, while our Life and Health business continued to contribute meaningfully to earnings, generating a net allocated underwriting profit of $76 million. “We also achieved strong growth in net investment income, which reached $491 million.