Industry Segments: Results Page 16 / 22
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- February 4 2021
Ping An’s P&C operating profit fell 23% in 2020
Financial guarantee insurance's COR climbed to 111%, but life and health profits increased 5.2%.
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- January 8 2021
China’s P&C insurers crash to US$1.2bn underwriting loss: report
Investment returns allowed sector to achieve an overall profit of Rmb5bn.
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- December 30 2020
Philippines P&C sector sees 18% H1 2020 premium drop
Insurance Commission notes decline across the board but profitability holds up.
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- December 18 2020
QBE’s shares dive on US$1.5bn FY loss warning
ASX-listed global P&C player hit hard by Covid-19, nat cats and North America write-downs.
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- November 30 2020
Japan’s P&C majors to bounce back in 2021: Fitch
Tokio Marine, MS&AD and Sompo more exposed to Covid-19 risk in overseas markets.
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- November 26 2020
‘Significantly lower’ profits at Australia’s P&C players: APRA
It has been a tough 12 months for the sector as market enters perilous summer season.
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- November 20 2020
MS&AD sees first half profit boost, plans share buyback
The Japanese giant is aiming to purchase up to 10 million shares.
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- November 19 2020
IAG halts share trades, QBE and Suncorp react to BI verdict
Firms explaining to shareholders the implications of a decision by the NSW Supreme Court.
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- November 18 2020
Korea’s insurers struggling to meet profit expectations: KIRI
The sector's returns are at a 10-year low in a saturated market.
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- November 9 2020
AIA: Medium term outlook highly uncertain, long term positive
Economic recovery is diverging significantly at a country level with China growing in importance.
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- October 26 2020
IAG’s growth sluggish as outgoing Harmer flags “challenging” H2
The firm's incoming CEO will take the reins after an exceptionally tricky period.
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- October 21 2020
Munich Re expects further market hardening as claims mount
Covid-19 losses to hit US$2.7bn in the first nine months of the year.
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- October 1 2020
Hong Kong’s market grew 10% in challenging 2019
Data from the regulator shows robust growth before Covid-19 struck, despite the protests.
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- September 11 2020
Hardening market benefits Lloyd’s Asia in “challenging year”
Uptick in demand for specialist capacity, as CEO John Neal reveals US$6.5bn pandemic claims estimate.
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- September 1 2020
Hong Kong’s H1 premiums rise, but “Covid impact” coming
Firms look to the Greater Bay Area despite large drop in life policies taken by mainland Chinese.
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- August 31 2020
Ping An’s Ma Mingzhe: “Now is the time for reform”
The Chinese giant is set to accelerate its digital agenda in the wake of Covid-19.
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- August 26 2020
Steadfast projects solid ‘underlying’ profit growth for next FY
The broking group posted an after tax loss due to acquisition and impairment costs for FY 2020.
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- August 25 2020
PSC brushes off Covid-19 with strong FY result
Acquisitions and a hardening market have boosted the expansive Melbourne broker.
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- August 21 2020
Suncorp focuses on transformation as FY cash profit drops 33%
Group CEO Steve Johnston recognises the need to speed up change.
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- August 20 2020
AIA’s CEO optimistic despite H1 37% new business drop
Lee Yuan Siong sees strong growth in markets where Covid-19 restrictions are being relaxed.