Industry Segments: Results Page 4 / 26
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- August 27 2024
ZhongAn P&C H1 2024 underwriting profit drops 41% to US$44m as COR deteriorates to 97.9%
Insurance revenue for the P&C business for the first six months ended June 2024 increased 18.1% year-on-year to US$2.1bn.
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- August 23 2024
PSC Insurance FY2024 revenue up 15.5% on UK business growth
The ASX-listed broking group said it expects to complete its US$1.5bn sale to The Ardonagh Group by October 11.
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- August 23 2024
Ping An P&C H1 underwriting profit rises 15.7% on improved liability business
China's second-largest P&C insurer saw underwriting profit rise to US$49.5 million, as strong growth in its liability mitigated declines in its motor business, whose combined ratio was dampened by rainstorms.
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- August 21 2024
Philippines non-life GWP for H1 2024 tops US$1bn
Casualty net premiums saw the strongest growth, up 35% year-on-year, while fire premiums were down 0.11% over the same period.
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- August 21 2024
AUB logs 32.5% growth in FY 2024 after-tax profit on margin expansion, acquisitions
The Sydney-based broker's chair David Clarke will retire in October with current director Peter Harmer set to assume the role.
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- August 21 2024
IAG grows FY 2024 insurance profit 79% to near US$1bn
The Australian insurer's COR improved 4.3 percentage points to 89.3% and its GWP grew 11.3% to US$11bn for the financial year ended June 30.
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- August 19 2024
Suncorp Group’s FY 2024 general insurance post-tax profit rises 42% to US$722.3m
Its general insurance results benefitted from strong growth in its consumer insurance, whose profit doubled to US$283.6m, while its New Zealand business tripled to US$118.4m, benefitting from benign nat cat claims compared to FY2023.
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- August 15 2024
DB Insurance H1 underwriting profit improves 21.5% to US$810m
Strong growth in the non-life carrier's long-term and commercial insurance business offset the decline seen in its motor insurance in the first six months this year.
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- August 15 2024
Hyundai Insurance’s H1 2024 underwriting income up 118% to US$670m
This was largely because of good results in long-term and commercial business despite motor underwriting income down 45% in the first six months of the year.
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- August 14 2024
Samsung Fire & Marine H1 insurance profit down 5% at US$880m
The South Korean carrier’s net profit for the first six months of 2024 still rose 8.2% from a year ago, supported by strong growth in investment profits.
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- August 14 2024
Canopius CEO highlights strong pipeline for APAC H2 growth
With a new regional CEO in place, the carrier is optimistic about growth prospects for the remainder of the year.
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- August 9 2024
QBE doubles H1 net profit, COR improves 5 percentage points to 93.8%
The insurer's GWP grew 2% to US$13bn for the period, while its underwriting performance benefitted from lower cat claims, stable prior-year reserve development and rate increases.
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- August 9 2024
Tower upgrades FY 2024 NPAT guidance to US$27m
The updated guidance assumes full utilisation of the FY 2024 large events allowance, which is set at US$27m.
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- August 8 2024
Zurich APAC H1 premiums up 9%, COR climbs marginally to 93.7%
Top line increase driven by strong retail growth, however, rising commission costs from a recovery in travel business in the region hurts bottom line.
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- August 6 2024
Hyogo hail losses dampen Tokio Marine Japan P&C Q1 underwriting performance
The Japanese P&C insurer’s combined ratio deteriorated 5.9 percentage points year-on-year to 99.5% for the quarter ended June.
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- July 25 2024
Chubb delivers on Asia promise with impressive Q2 top-line growth
Greenberg highlights accident & health and travel insurance as strong perfomers in the region, which was the fastest growing globally with 33% net premium increase in the second quarter.
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- July 16 2024
PICC P&C posts 3.7% premium income growth in H1 2024
The premium income for the first half stood at US$42.9bn with motor vehicle insurance accounting for about 45% of the premiums.
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- July 10 2024
Toa Re FY 2023 net income up six-fold on investment gains
The group's net written premiums dropped 12.5% to JPY280.8bn (US$1.7bn), as its US and European subsidiaries reversed their losses posted a year ago.
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- July 8 2024
Pacific Islands captive PCRIC’s FY2023 net underwriting profit down 5%
Thanks to a World Bank grant support it recorded a US$1.4m surplus for the year. The company sold a total of eight policies while incurring zero claims.
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- July 4 2024
Japan’s big 4 insurers see lackluster premium growth in H1 2024
Most insurers recorded total premium growth by 3% for the six months to June 2024, with compulsory motor liability insurance posting declines year-on-year while fire insurance registering growth.
