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Financial Performance tag returned 534 results

  • UAE: 30 listed insurers post combined pre-tax gains of US$373m for first 9 months

    Thirty listed insurance companies in the UAE posted aggregate pre-tax profits of AED1.37bn for the first nine months of this year, representing a 3% decline over the corresponding period of 2018 when combined pre-tax profits stood at AED1.42bn, according to an analysis by the Middle Eastern actuarial consulting firm Badri Management Consultancy.

    Middle East | 21 Nov 2019
  • Ivory Coast: Insurance sector sees flat growth in 1H

    The Ivory Coast insurance sector generated more than FCFA88bn ($148m) in revenue in the first half of the year, according to data from the General Directorate of the Treasury.

    Africa | 18 Nov 2019
  • China: Insurance industry sees net profit soar by 123% in Jan-Sep period

    China's insurance sector posted strong profit growth in the first three quarters due to improved operations and government tax reductions, according to a report by Xinhua News Agency.

    Asia | 18 Nov 2019
  • South Korea: Financial performance of insurance industry expected to decline this year

    The net profits of life insurers in South Korea are declining and those of non-life insurers have worsened as well against a backdrop of low economic growth, low interest rates and an ageing population.

    Asia | 18 Nov 2019
  • Health insurance rates have reached the limit

    Even as health insurance business in China is growing rapidly, attention is being drawn too to the quick rise of the loss ratio in this class of business, pointed out Mr Addise Li, head of health, Greater China, at Aon Benfield.

    China | 15 Nov 2019
  • 'Back to business' for ChangAn Liability following doubling of capital

    The CBIRC has removed administrative sanctions against ChangAn Property & Liability Insurance after the company injected funds to improve its solvency position. The move allows the company to resume normal business.

    China | 15 Nov 2019
  • Jordan: Aggregate profits of 22 insurers surge by 57% for Jan-Sep

    The combined profits of 22 insurance companies operating in the Jordanian market jumped by 57.1% for the first three quarters of this year (YTD 3Q2019) compared to the corresponding period last year, according to a study by Sanabel Al Khair for Financial Investments.

    Middle East | 14 Nov 2019
  • Pakistan the next big emerging market?

    Asia's economic growth in recent years has been nothing short of phenomenal, and with low insurance penetration rates in many areas, there remains a considerable amount of market for insurers to tap into.

    AIRPlus | 13 Nov 2019
  • Kuwait: Reinsurer's net profit for Jan-Sep hits nearly US$13m

    Kuwait Reinsurance has reported a net profit of KWD3.87m ($12.74m) for first nine months of this year (YTD 3Q2019), an increase of 30% as compared to KWD2.97m for the corresponding period last year. The increase was mainly contributed by increases in net earned premium and investment income.

    Middle East | 11 Nov 2019
  • Lebanon: Life insurance sector earns US$118m in net profit in 2018

    The aggregate net profit of 33 companies operating in the life insurance segment in Lebanon reached $118.2m in 2018, constituting an increase of 7.4% from $110.1m in 2017, reported the Economic Research & Analysis Department of Byblos Bank citing data released by the Insurance Control Commission.

    Middle East | 11 Nov 2019


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