Notice - 2025 March Quarterly Financial Return (2025-04-03)

Summary

This BMA notice announces that the Quarterly Financial Return templates for the quarter ended 31 March 2025 are now available on the Authority's website. It also sets out a specific reporting expectation relating to 2025 California Wildfire catastrophe exposures for certain insurer classes.

• Templates available: Quarterly Financial Return templates for the quarter ended 31 March 2025 are published on the BMA reporting forms and guidelines page.
• Catastrophe exposure reporting: Insurance Groups, Class 4, Class 3B and Class 3A Insurers required to file quarterly financial returns must include their exposure to the 2025 California Wildfire events, based on the latest loss estimates, in the Catastrophe Exposure tab under Underwriting Loss Event #1.
• Update prior estimates: Insurers and Insurance Groups that gave a preliminary best-effort loss estimate in the Authority's recent data call (closed 31 March) must update their estimated exposures when filing the quarterly financial return.

Firms with questions about this or other reporting requirements are directed to contact the Authority's Risk Analytics team.

Key obligations

• Insurance Groups, Class 4, Class 3B and Class 3A Insurers required to provide quarterly financial returns must include their exposure to the 2025 California Wildfire events, based on the latest loss estimates, in the Catastrophe Exposure tab under Underwriting Loss Event #1.
• Insurers and Insurance Groups that submitted a preliminary loss estimate in the Authority's data call (closed 31 March) must update their estimated exposures when filing the quarterly financial return.

Applies to

Insurance Groups, Class 4 Insurers, Class 3B Insurers, Class 3A Insurers