Tag Search Result

Show result per page
Page 1 of 317

Financial Performance tag returned 3161 results

  • 54 P&C insurers report over 100% combined ratio, but losses ease

    In 2024, underwriting losses widened for non-listed P&C insurers, though the overall deficit showed signs of improvement. Among 74 companies, 54 reported a combined ratio exceeding 100%. Notably, 37 insurers fell within the 100%-110% range-10 more than in 2023-while only eight exceeded 120%, down by six year-on-year.

    China | 14 Mar 2025
  • Egypt: Takaful market grows faster than conventional business in 2024

    Gross written premiums for the insurance industry in Egypt registered notable growth rates in 2024 with takaful contributions, in particular, showing outstanding performance.

    Middle East | 13 Mar 2025
  • Thailand's regulator launches stress test plan to enhance stability of insurance business

    Office of Insurance Commission (OIC), Thailand's regulator, has explained the framework for conducting the OIC Stress Test in 2025 for life and non-life insurance businesses to assess the durability of the insurance system under simulated risk scenarios, according to OIC assistant secretary-general, regulatory standards development division, Ayusri Khambanlue.

    Asia | 13 Mar 2025
  • Qatar: Highly profitable insurance market where growth remains modest

    The profitability metrics of insurers in Qatar, particularly underwriting performance and ROE, outperform those of other GCC insurers, according to S&P Global Ratings credit analyst Emir Mujkic.

    Middle East | 12 Mar 2025
  • India: LIC ranked world's third strongest insurance brand

    Brand Finance's latest report has ranked Indian life insurer, Life Insurance Corporation of India (LIC) as the third strongest insurance brand in the world.

    Asia | 12 Mar 2025
  • South Africa: Biggest short-term insurer posts 13% jump in net profit to over US$201m

    Headquartered in Cape Town, Santam Group has announced a net income attributable to equity holders of ZAR3.68bn ($201.07m) for 2024, 13% higher than in 2023.

    Africa | 11 Mar 2025
  • Tunisia: Insurance market grows by nearly 11% in 2024

    Net insurance premiums for insurance companies in Tunisia reached TND3.82bn ($1.24bn) in 2024, up from TND3.45bn in the previous year, a 10.8% increase, according to preliminary figures released by the General Insurance Committee (CGA), the insurance sector's regulatory authority.

    Middle East | 11 Mar 2025
  • UAE: Orient Insurance's directors propose higher cash dividend payout for 2024

    The board of directors of Orient Insurance has proposed the distribution of cash dividends for 2024 amounting to AED400m ($109m), representing 80% of the company's issued share capital of AED500m. In comparison, Orient paid cash dividends of AED300m for 2023.

    Middle East | 10 Mar 2025
  • Tunisia: Largest insurer posts 18% surge in profit in 2024

    Star Assurances (STAR) has announced that its consolidated net profit reached TND27.5m ($8.9m) in 2024 against TND23.3m in the preceding year, an increase of 18%. The company's individual net profit grew by 10% to TND29.8m from TND27m for the same period, according to a statement the company lodged with the Tunis Bourse.

    Middle East | 09 Mar 2025
  • Saudi Arabia: Al Rajhi Takaful maintains stable net profits in 2024

    Al Rajhi Cooperative Insurance Company (Al Rajhi Takaful), the third largest insurer in Saudi Arabia in terms of premium volume, has reported a net profit after zakat attributable to the shareholders of SAR332.34m ($88.58m) in 2024, 1.30%, higher than the SAR328.06m chalked up in 2023.

    Middle East | 09 Mar 2025


    Follow Asia Insurance Review