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Financial Performance tag returned 496 results

  • 1H2019 Results: Lloyd's records $3bn profit before tax

    Lloyd's pre-tax profit for the first six months of 2019 has jumped to GBP2.3bn ($3bn) from GBP0.6bn in June 2018. The increased profit was underpinned by a combined ratio of 98.8% and investment income of EUR2.3bn as the market benefitted from unrealised gains due to lower US and UK bond yields as well as robust returns from equities.

    Asia | 19 Sep 2019
  • Powering through flat rates and disaster years

    "It's not about how hard you can hit; it's about how hard you can get hit, and keep moving forward. It's about how much you can take, and keep moving forward. That's how winning is done."

    AIRPlus | 19 Sep 2019
  • Saudi Arabia: Primary insurers face profitability & consolidation pressures

    Saudi Arabia's primary insurers saw weaker profitability in the first half of this year amid intense competition, and there is increasing pressure for consolidation in the industry, Moody's Investors Service said in a report published yesterday.

    Middle East | 18 Sep 2019
  • Kenya: Insurance industry is upbeat about prospects for this year

    The insurance sector in Kenya is optimistic that there would be a rebound this year after some insurance companies posted impressive results for the 2019 half-year.

    Africa | 16 Sep 2019
  • Thinking Ahead Institute reveals top 15 extreme risks for investors

    The Thinking Ahead Institute's (TAI) 'Extreme risks 2019 report and ranking', which categorises rare events that could have a high impact on global economic growth and asset returns, has a new top three- global temperature change, global trade collapse and cyber warfare.

    Asia Risk | 11 Sep 2019
  • Senegal: Insurance market expands by 7% in 2018

    Preliminary financial figures for the insurance sector in Senegal show for 2018 that the 29 insurers in the country posted a premium income of FCFA174.36bn ($296m), an increase of 7.3% over 2017.

    Africa | 09 Sep 2019
  • Kenya: Non-life insurance sector continues to show underwriting losses

    The underwriting loss in the non-life insurance sector in Kenya, covering 14 classes of risks including medical, fire and motor, has increased by more than 50% to KES2.87bn ($27.9m) for 2018 compared to KES1.01 for 2017.

    Africa | 09 Sep 2019
  • UAE: Abu Dhabi National Takaful expected to outperform competitors

    Abu Dhabi National Takaful Company (ADNTC) benefits from a solid reputation as one of the most successful takaful operators in the market, which is complemented by its strong relationships with local Islamic banks, notes AM Best.

    Middle East | 09 Sep 2019
  • Turkey: Takaful grows faster than conventional business in Jan-July

    Takaful insurance in Turkey posted contributions of TRY1.92bn ($335m) in the first seven months of this year, representing growth of 56.5%.

    Middle East | 05 Sep 2019
  • China: Largest local reinsurer posts buoyant interim results

    China Reinsurance (Group) Corp has recorded a 27.8% jump in GWP to CNY84.6bn ($11.8bn) and a 42.4% surge in net profit attributable to shareholders to CNY3.3bn, in the January-to-June period compared to the corresponding half of last year. These results are reflected in the company's interim financial statements.

    Asia | 03 Sep 2019

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