February 17, 2026
Ironrock Insurance Company Limited(ROC)
Unaudited financials for the twelve months ended December 31, 2025:
Ironrock Insurance Company Limited (ROC) for the twelve months ended December 31, 2025, reported a 22% increase in Insurance Revenue totaling $2.14 billion compared to $1.75 billion in the corresponding period last year. Insurance Revenue for the fourth quarter increased by 23% to close at $571.42 million relative to $466.32 million reported for the comparable quarter of 2024.
Reinsurance Contracts Expense amounted to $1.30 billion (2024: $926.18 million), representing a 40% year‑over‑year increase. Additionally, insurance service contracts expense increased by 10% to $748.32 million compared to $678.02 million for the twelve months ended December 31, 2024. The company booked insurance service contracts expense of $225.72 million for the fourth quarter versus $203.66 million reported for the similar quarter of 2024.
Consequently, Insurance Service Results decreased by 40% to close at $90.12 million (2024: $150.61 million), while Investment Return decreased by 2% from $104.30 million in 2024 to $102.61 million in the period under review.
Other income for the twelve months ended December 31, 2025, amounted to $8.25 million, a 13% decline relative to the $9.52 million reported in 2024. Other operating expense totalled $202.40 million, a 16% increase from the corresponding period last year (2024: $174.79 million).
Loss before taxation for the twelve months ended December 31, 2025, amounted to $1.42 million (2024: profit of $93.28 million). Profit before taxation for the fourth quarter totalled $40.13 million (2024: $81.32 million).
No tax charge was incurred for the twelve months ended December 31, 2025 (2024: tax charge of $12.57 million). As a result, Loss for the twelve‑month period was $1.42 million, representing a 102% decrease from the profit of $80.71 million reported in 2024. For the fourth quarter, Profit for the period amounted to $40.13 million (2024: $68.98 million).
Consequently, Loss Per Share for the twelve months amounted to $0.01 (2024: EPS: $0.38), while Earnings Per Share for the quarter totaled $0.19 (2024: EPS: $0.32). The twelve-month trailing LPS was $0.01, and the number of shares used in these calculations was 214,000,000.
Notably, ROC’s stock price closed the trading period on February 16, 2026 at a price of $2.89.
Balance Sheet Highlights
The company’s assets totaled $4.09 billion (2024: $1.69 billion). The movement in total assets was primarily attributable to a 316% increase in ‘Reinsurance contract assets’ amounting to $1.82 billion (2024: $438.64 million).
Shareholder’s equity was $792.81 million (2024: $811.48 million), representing book value per share of $3.70 (2024: $3.79).
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