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Financial Performance tag returned 800 results

  • Turkey: Insurance sector posts 65% surge in technical gains in 1Q

    The Turkish insurance market reported total underwriting profit of TRY2,731m ($399m) for 1Q2020, 65% higher than the TRY1,651m chalked up for the corresponding period last year, according to data released by the Insurance Association of Turkey.

    Middle East | 02 Jul 2020
  • Profitability over growth

    HDI Global Singapore managing director Graham Silton talks about the Asian insurance markets and the impact of COVID-19.

    AIRPlus | 02 Jul 2020
  • Hong Kong: Operating performance of China Merchants Insurance improves

    The operating performance of China Merchants Insurance (CMI) has improved over the past few years and remains positive, notes AM Best. The company recorded an after-tax operating profit of HK$11m ($1.4m) in 2019, with a return on equity of 3.5%.

    Asia | 30 Jun 2020
  • Nigeria: Insurance sector grows by 15.55% in 2019

    The volume of business written by insurers last year rose by 15.55% to NGN490bn ($1.3bn) in terms of premiums in 2019, according to the Nigerian Insurers Association (NIA).

    Africa | 29 Jun 2020
  • Insurance market continues to improve

    From January to May, the Chinese insurance industry posted aggregate premiums of CNY2.31tn ($325.9bn), a year-on-year increase of 5.5%, according to data released by the CBIRC.

    China | 26 Jun 2020
  • Non-life insurer turns operations around in 2019

    Alltrust Property Insurance, with nearly 20% of its equity held by foreign investors, turned around its operations last year, posting a net profit of CNY139.2m ($19.7m), compared to a net loss of CNY392.3m for 2018, according to the insurer's 2019 annual report.

    China | 26 Jun 2020
  • India: GIC Re's underwriting loss widens in wake of COVID-19

    General Insurance Corporation of India (GIC Re) has reported underwriting losses of INR63.67bn ($842m) for the financial year ended 31 March 2020 (FY2020), 188% compared to a loss of INR22.11bn in FY2019.

    Asia | 26 Jun 2020
  • Jordan: Life & health business helps cushion insurance sector in 1Q

    Most classes of insurance in Jordan showed a decline in premiums in the domestic market in the first quarter of this year, compared to the corresponding quarter last year.

    Middle East | 25 Jun 2020
  • South Korea: Major insurers are expected to increase net profit in 2Q

    The financial performance of several non-life insurance companies is expected to improve in the second quarter of this year, as the motor loss rate decreases in the wake of the coronavirus pandemic.

    Asia | 25 Jun 2020
  • Jordan: 1Q insurance business dips by 1.3% to around US$250m

    The Jordanian insurance market showed a dip of 1.3% in written premiums to JOD176.3m ($248.6m) in the first quarter of 2020, according to preliminary data released by the Jordan Insurance Federation.

    Middle East | 24 Jun 2020

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