Subject: Results Page 22 / 29
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- February 19 2021
QBE sees 10% GWP growth despite US$1.5bn loss
Nat cat claims were US$134m above firm's allowance contributing to a COR of 104.2%.
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- February 17 2021
AIG slumps to US$6bn 2020 net loss
International P&C GWP, which includes Asia, was one Q4 highlight growing 102%.
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- February 15 2021
Profit at MS&AD falls steeply but Asia performs well
Japanese giant hit by a fall in premiums, Covid-19 and reorganisation costs.
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- February 11 2021
Tokio Marine in Japan P&C profit turnaround
There was a significant decrease in nat cat payouts compared to 2019.
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- February 10 2021
IAG posts A$460m loss but underlying profits improve
BI provisions drove downturn as H1 GWP climbed 3.8% to A$6.12bn.
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- February 9 2021
Suncorp drops travel as Australia profits soar
GWP increased to A$4.35bn in H1 with home and motor growing 5.2%.
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- February 8 2021
Aon’s reinsurance line grows as WTW reviews proceed
Willis Re divesture has been floated as a possible remedy to assuage antitrust enforcers.
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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.
