The commercial division, which includes Lloyd’s Syndicate 1274 and Antares Re in Bermuda, was the primary driver of growth. The newly launched retail division, focused on supporting retail lines through MGAs, came close to breakeven in its first year of operation. Meanwhile, Antares’ legacy division, which manages the company’s run-off portfolios, recorded a post-tax loss of $62 million, although this marked a significant improvement compared to the $140 million loss in 2023.
