Westfield Specialty reported $890 million in gross written premium (GWP) during the first half of 2025, up 13% compared to the same period last year.
The insurer posted a combined ratio of 89.4% and underwriting income of $58 million, with results tracking ahead of internal targets.
The growth was driven by a combination of renewal rights transactions and new underwriting teams that contributed to increased activity across its platforms. The GWP for the period was split between $452 million from the US and $438 million from international operations. This represents a 21.5% year-over-year increase in the US and a 5.4% increase internationally.
The US operation recorded a combined ratio of 89.1%, while the international segment maintained a ratio of 89.4%. The insurer said the US business accounted for 51% of total GWP, with international business making up the remaining 49%.
Westfield Specialty president Jack Kuhn said the company will continue to pursue growth strategies that align with its goals for profitable expansion and portfolio development.
“We are very pleased with our financial results so far in 2025 in a challenging and evolving marketplace,” said Kuhn. “We look forward to building on our strong results in the second half of this year.”
“I am particularly pleased with the strong growth shown in the UK and Dubai, which now make up half of Westfield Specialty’s GWP,” he added.
Last June, Westfield Specialty’s parent company, Ohio Farmers Insurance Company, announced that it entered into a definitive agreement to sell Westfield Bancorp to First Financial Bancorp. The transaction, valued at $325 million, will be paid 80% in cash and 20% in stock, comprising $260 million in cash and approximately 2.75 million shares of First Financial stock. The move supports Westfield’s strategy to concentrate on its core property and casualty insurance operations.
Westfield Specialty operates with the financial support of Ohio Farmers Insurance Company, a US-based property and casualty insurer, and Lloyd’s of London Syndicate 1200. The company underwrites six lines of business in the US, 14 in the UK, and five in Dubai. It focuses on providing coverage solutions for specialized commercial risks.
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