Tag Search Result

Show result per page
Page 1 of 203

Financial Performance tag returned 2024 results

  • ZhongAn posts losses in 2022, hit by weak investment gains

    ZhongAn Online P&C Insurance, China's first Internet-based insurance company, fell back into red ink in 2022, reporting a net loss attributable to owners of the parent company of CNY1.36bn ($199m).

    China | 24 Mar 2023
  • Health insurance business in China shows different trends between life and non-life insurers

    In 2022, the insurance industry's health insurance premium income reached CNY865.3bn, a year-on-year increase of 2.4%, and the growth rate, which has been sliding, is predicted to fall further. At the same time, the premium growth rates of the health insurance business of life insurance companies and property insurance companies are markedly different.

    China | 24 Mar 2023
  • Insurance industry grows by 3.8% in Jan 2023

    The premium income of the mainland Chinese insurance industry stood at CNY1.02tn ($149bn) in the first month of this year, representing a year-on-year increase of 3.8%, according to statistics released by the CBIRC on 21 March.

    China | 24 Mar 2023
  • Insurance sector discusses risks in Silicon Valley Bank scenarios

    The Life Insurance Department of the CBIRC is reported to have held a forum with the Insurance Association of China and representatives of more than 20 insurance companies to discuss liability costs and asset-liability management in the life insurance industry.

    China | 24 Mar 2023
  • Bahrain: Insurance group plans to diversify via takaful market

    Bahrain National Holding Company (BNH) intends to acquire one or more takaful companies, to diversify the group's business, according to Mr Farooq Yusuf Almoayyed, chairman of the company.

    Middle East | 22 Mar 2023
  • Saudi Re chalks up 6% increase in net profit to over USD$15m in 2022

    Saudi Reinsurance Company (Saudi Re) has posted net profits before zakat of SAR56.74m ($15.10m) in 2022, an annual increase of 6.43% compared to 2021.

    Middle East | 22 Mar 2023
  • Ping An Group posts 17.6% fall in net profit to US$12bn in 2022

    Ping An Insurance (Group) Company of China's net profit attributable to shareholders of the parent company amounted to CNY83.8bn ($12.1bn) in 2022, dropping by CNY17.8bn or 17.6% year on year, according to the Group's audited financial statements for the year ended 31 December 2022 released on 15 March.

    China | 17 Mar 2023
  • AM Best assigns 'Excellent' credit ratings to Ping An P&C Insurance

    Ping An Property & Casualty Insurance Company of China (Ping An P&C) delivered a five-year average return on equity of 18.6% from 2017 to 2021, during which the company consistently demonstrated better-than-average underwriting profitability, with an average combined ratio of 97.4%, notes AM Best.

    China | 17 Mar 2023
  • AIA Group outlines complementary strategies of AIA China and China Post Life

    The completion of AIA Group's 24.99 % equity investment in China Post Life Insurance in January 2022 enables the Group to access significant upside from additional distribution channels and customer segments that are highly complementary to AIA China's strategy, Mr Lee Yuan Siong, AIA group chief executive and president, has said.

    China | 17 Mar 2023
  • AIA China sees positive uptick in VONB in 2022

    AIA China returned to positive growth in the second half of 2022 with VONB up by 3%, says AIA Group in its financial statements released earlier this week.

    China | 17 Mar 2023

    Follow Asia Insurance Review