Industry Segments: Results Page 1 / 26
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- March 28 2025
PICC P&C FY24 underwriting profit drops by 43.9% to US$759m
COR deteriorated from 97.8% to 98.8% due to the impact of severe disasters and accidents, as well as the rise in cost of debt following a decrease in the discount rate.
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- March 27 2025
China Pacific Insurance’s P&C underwriting profit falls 35.5% to US$372m in FY24
Underwriting COR deteriorated by 0.9 percentage points to 98.6% due to a loss ratio that worsened to 70.8%.
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- March 25 2025
South Korea’s P&C insurers’ net income up 3.1% to US$5.8bn in 2024
Insurance income marginally down by 1% to US$5.6bn due to higher loss ratios for motor insurance, according to preliminary statistics from the Financial Supervisory Service.
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- March 25 2025
Taiping Re’s FY24 service results double to US$75m, COR improves to 92.7%
Hong Kong-based reinsurer’s total premium for the last financial year decreased by 5.1% to US$2bn.
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- March 21 2025
Lloyd’s looks beyond Asia for growth: John Neal
APMEA platform’s 2024 GWP was up 9% year-over-year at US$9.5bn, while global premiums were up 6.5% to US$72bn.
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- March 20 2025
ZhongAn P&C’s underwriting profit drops 24.4% to US$137m in FY24, COR deteriorates to 96.9%
Chinese online insurer’s total GWP for FY24 was US$4.6bn, a 13.3% year-on-year increase.
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- March 19 2025
Ping An’s P&C FY24 net profit up 68% to US$2bn, COR improves to 98.1%
Chinese carrier’s insurance revenue rose by 4.7% year-on-year to US$45.4bn.
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- March 14 2025
Hannover Re’s 2024 APAC P&C revenue down 4.5% to US$3bn
Reinsurer's Australian P&C business increased by 8%, while the larger Asian portfolio declined by a comparable percentage.
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- March 13 2025
Generali Asia’s P&C operating result 16% down to US$79.3m in FY24, COR deteriorates to 99%
Asia continues to be a key target areas of growth for the Italian insurance group, alongside Latin America.
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- March 12 2025
Canopius’ APAC premiums grow 28% to US$377m in FY24
Lloyd's insurer's APAC COR in the region deteriorated 5.5 percentage points year-on-year to 92.1%.
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- March 4 2025
Allianz APAC P&C business total business volume tops US$2bn
The insurance group's regional total operating profits rose 6% to EUR795 million despite less favourable health claims experience.
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- March 4 2025
Analytics: Short-tail performance boost for Australia’s P&C carriers
APRA data shows general insurance COR improves in Q4 2024, while profit after tax almost doubles to US$1bn.
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- March 3 2025
Allianz Malaysia’s FY24 general insurance GWP rises 13.8% to US$775m
But insurer refrains from issuing profit forecast or guarantee for FY25.
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- March 3 2025
Thailand’s non-life 2023 underwriting profit at US$380m after US$1.5bn loss in 2022: AM Best
Rebound attributed to a rise in premium income and a decline in claims incurred, the rating agency said in its country report.
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- March 3 2025
Tune Protect’s insurance revenue up 4% to US$87.2m in FY24
Net insurance service result more than doubled, mainly attributable to improvement in the acquisition cost due to changes in the company's portfolio mix, as well as a lower reinsurance ratio.
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- February 28 2025
Swiss Re’s 1.1 APAC renewals growth slows down
Reinsurer's 2% increase in regional premium volume this year contrasts the 5% growth reported in last year’s January 1 renewals.
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- February 27 2025
Hong Kong’s Nova Insurance H1 FY25 revenue up 8.3% to US$8.1m
Broker expects to record 'very substantial growth' in H2, as revenue from the purchase of Beijing Nova Insurance Services will be counted.
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- February 25 2025
Steadfast’s H1 FY25 revenue grows 11.5% to US$561m
Australian broking and underwriting group is on target to complete US$191m of trapped capital acquisitions in FY25.
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- February 25 2025
West P&I, London P&I record strong renewal growth amid market challenges
West P&I achieves mutual tonnage increase to 110 million gross tonnes (GT), while London P&I records 12% rise to 49.3 million GT.
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- February 25 2025
AUB’s profits grow 13% to US$50m in H1 FY25
Revenues across the broker's businesses grew 12.1% to US$454m, with the full-year earnings forecast reaffirmed between US$121-127m.
