NPRE’s Bold 2024: Revenue Up, Ratings Rethought, and Global Growth in Sight

Revenue up. Liquidity up. Ambitions up.

NPRE didn’t just grow in 2024 — it surged. A 53% leap in insurance revenue to $330.8 million. A 174% jump in cash and investments to $317 million. Assets up 24%. These aren’t just good numbers — they’re game-changing.

A ratings shakeup that tells a different story

When AM Best pulled its rating, some assumed turbulence. But the move was structural, not financial. As a subsidiary of NFG SA, NPRE required a rating framework that AM Best simply doesn’t accommodate. The company is now scouting for agencies that understand its architecture — and its ambition.

This isn’t damage control. It’s strategy.

NPRE isn't scrambling — it's recalibrating. Leadership is turning the rating withdrawal into a strategic advantage: choosing partners aligned with its long-term growth model, not legacy standards. It’s a bold pivot that signals control, not crisis.

Leadership sees opportunity, not distraction

CEO Keith D. Beekmeyer didn’t mince words: “We’ve never been in a stronger position.” With a balance sheet fortified and cash on hand, the company is poised for global reach. It’s not just about resilience — it’s about readiness to scale.

The path ahead: structure, scale, and smart capital

NPRE’s next chapter involves more than just metrics. It’s about aligning governance, ratings, and market access to build a next-generation reinsurer — one that doesn’t just respond to the market, but shapes it.