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Financial Performance tag returned 463 results

  • Australia's second largest global insurer sees net profit rise by 29% in 1H2019

    Despite reporting an underwriting loss of $24m in 1H2019, QBE Insurance posted a 29% jump in statutory net profit amounting to $463m compared to $358m in the same period last year. Its cash profit after tax increased by 35% to $520m. This resulted in the combined operating ratio decreasing to 95.2% from 95.8% year-on-year.

    Asia | 20 Aug 2019
  • New Zealand: Non-life insurer posts 79% surge in net profit

    IAG New Zealand, the largest non-life insurer in New Zealand, has increased its profit by 79% in the year ended 30 June 2019 (FY2019), due to higher premiums and low natural disaster claims.

    Asia | 19 Aug 2019
  • China: Life giant posts 5% increase in premiums till July

    China Life Insurance, the biggest life insurer in China, has posted steady growth in its premium income in the first seven months, company data show.

    Asia | 19 Aug 2019
  • UAE: Emirates Insurance's net profits shoot up 53% in 1H2019

    Emirates Insurance, a leading UAE based insurer and reinsurer, has announced its half-year results, showing a 53% increase to AED90m ($24.5m).

    Middle East | 18 Aug 2019
  • Ping An Group posts fastest profit growth in 1H since at least 2007

    Ping An Insurance (Group) Co, the country's largest insurer by market value, posted a 68.1% jump in first-half net profit, the fastest pace of growth in more than a decade, on a rise in retail customers, reported Reuters.

    China | 16 Aug 2019
  • Insurance startups show mixed 1H results

    Four life insurers and two non-life companies, which started operations last year, have posted 1H2019 results that highlight outcomes arising from their different backgrounds.

    China | 16 Aug 2019
  • Loss making online insurer seeks capital increase

    Major insurance group Taikang Insurance Group plans to double the registered capital of its online-only insurance subsidiary Tk.cn Insurance.

    China | 16 Aug 2019
  • South Korea: Several life insurers see 1H profits plummet

    Major local life insurers including Hanwha Life and Nonghyup Life saw their net profits for the first half of 2019 fall by more than 50% from the corresponding period a year earlier.

    Asia | 16 Aug 2019
  • This insurance giant is set to split by this year

    This insurance giant delivered Asia-led growth in the first half of 2019. It is also set to complete its demerger in the fourth quarter of 2019 and preparations are complete for its move to Group-wide supervision by the Hong Kong Insurance Authority.

    Agents | 15 Aug 2019
  • 1H2019 Results: 19% growth in half-year profit for Hannover Re

    German reinsurer Hannover Re reported a successful first half-year both in property and casualty (P&C) reinsurance as well as in life and health (L&H) reinsurance with group net income seeing a significant 19.3% increase to EUR662.5m ($741.4m) compared to the previous year's equivalent period. At the same time, its gross written surged by 17.1% to EUR11.7bn and net premium earned climbed by 12.1% to EUR9.4bn (unadjusted for exchange rate effects).

    Asia | 13 Aug 2019


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