RIVER RE LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. RIVER RE LIMITED 2020-08-19 → present
2. RENAISSANCERE (UK) LIMITED 2019-03-25 → 2020-08-19
3. TOKIO MILLENNIUM RE (UK) LIMITED 2011-01-04 → 2019-03-25
4. TOKIO MARINE GLOBAL LTD. 2004-12-08 → 2011-01-04
5. EUROPEAN NICHIDO INSURANCE COMPANY LIMITED 1990-10-30 → 2004-12-08

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have evaluated the Company's ability to continue as a going concern for the foreseeable future, which they have determined to be at least up until 31 December 2026. After having considered these matters, the directors are of the opinion that the Company has adequate resources to maintain its operational existence for the foreseeable future. Consequently, the financial statements have been prepared on a going concern basis.”

Significant events

• “On 31 December 2024, the Company entered into a Loss Portfolio Transfer Agreement with a UK run-off insurer through which 100% of its insurance and reinsurance business is reinsured. This resulted in £66.7 million being added to the reinsurers' share of technical provisions.”
• “On 31 December 2024, the Company entered into a Business Transfer Agreement ("BTA") to transfer its entire insurance and reinsurance business to a UK run-off insurer. This transfer is to be executed through a court-sanctioned scheme under Part VII of the Financial Services and Markets Act 2000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -81.6%

  £592,000 → £109,000

• Cash

  +16.7%

  £15,158,000 → £17,694,000

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -442.5%

  £1,746,000 → -£5,980,000

• Profit before tax

  -117.6%

  £8,232,000 → -£1,448,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers