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Financial Performance tag returned 1170 results

  • Algeria: Alliance Assurances stays resilient in a difficult 2020

    Publicly-listed private-sector Alliance Assurances has posted a net profit of DDZD481m ($3.6m) for 2020, reflecting a slight decrease compared to 2019 of 0.2%, according to a statement issued by the company.

    Middle East | 22 Jun 2021
  • South Korea: Non-life insurer Hyundai posts 5-year average ROE of 10%

    One of South Korea's leading non-life insurers, Hyundai Marine & Fire Insurance (HMF), has turned in a five-year (2016-2020) average return-on-equity ratio of 10.1%, reflecting an adequate operating performance, according to AM Best.

    Asia | 22 Jun 2021
  • Taiwan: Life insurer's asset risk has eased

    Taiwan Life's asset risk has also fallen due to growth in shareholders' equity and reduction in investment in below-investment grade bonds, according to Fitch Ratings.

    Asia | 21 Jun 2021
  • 5 major listed insurance groups report slower premium growth in Jan-May

    he cumulative premium income of China's five largest listed A-share insurance companies for the period from January to May 2021 reached CNY1.3tn ($202.5bn), which reflected flat performance compared to the corresponding five months of 2020. The growth rate for the first five months of this year was only 0.69%.

    China | 18 Jun 2021
  • Middle East: Orient Group is the highest rated in the markets it serves

    The Orient group has a track record of consistently outperforming its peers in terms of underwriting and overall profitability, which has been largely free of material fluctuations despite severe competition and regulatory changes in the UAE market, notes AM Best.

    Middle East | 17 Jun 2021
  • Taskforce on nature-related financial disclosures launched

    A new market-led initiative Taskforce on Nature-related Financial Disclosures (TNFD) to support financial institutions and corporates in assessing and managing emerging nature-related risks and opportunities has been launched.

    Asia Risk | 16 Jun 2021
  • Lloyd's focuses on underperformers

    Lloyd's chief of markets is placing under-performing syndicates under the microscope. During a press briefing held last week, Lloyd's chief of markets Patrick Tiernan discussed the company's market and financial priorities for next year and beyond. He noted that Lloyd's is 'well placed' for a sustainable future and is at 'an inflection point for profitable growth'.

    AIRPlus | 15 Jun 2021
  • Japan: Pricing boosts underwriting results of major non-life groups

    Better pricing will continue to support the underwriting performance of Japanese non-life groups - MS&AD Insurance Group Holdings, Tokio Marine Holdings and SOMPO Holdings - in the financial year ending 31 March 2022 (FYE22), Fitch Ratings says. Non-life insurers are benefiting from higher rates in the mainstay automobile and fire business lines.

    Asia | 15 Jun 2021
  • Thailand: Bangkok Insurance shows resilient performance

    Bangkok Insurance Public Company (BKI), the third largest general insurer in Thailand, has a strong operating performance, as evidenced by a five-year average return-on-equity ratio of 7.4% and operating ratio of 79.1% (2016-2020), says AM Best.

    Asia | 15 Jun 2021
  • India: Private life players report weak individual APE in May

    Private life insurers reported weak individual APE growth at 5% y-o-y in May 2021, on a low base of 31% y-o-y decline in May 2020.

    AIRPlus | 11 Jun 2021

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