Listed GCC insurers saw overall earnings decline in 1Q2025, with net profits slipping by 1.4% to $628m from $637m in 1Q2024, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Dubai Insurance Company (DIN), among the top five insurers in the UAE in terms of insurance revenue and net profit, has a track record of strong operating performance supported by robust underwriting results and steady investment income, says AM Best.
Tokio Marine Group's full year adjusted net income for FY2024 amounted to JPY1.1tn ($7.4bn), a 56% increase from FY2023 (JPY685.5bn).
Fitch Ratings has revised the outlook on Oman Reinsurance Company's Insurer Financial Strength (IFS) Rating to 'Positive' from 'Stable' and affirmed the IFS rating at 'BBB-'.
Dusseldorf-headquartered international multiline reinsurer, Deutsche Rück Group, further expanded its business in the 2024 financial year while simultaneously strengthening its financial position, the group said in a statement released yesterday.
Fitch Ratings has placed five Taiwanese life insurers under review for potential downgrades, following significant balance sheet pressures caused by a sharp appreciation of the Taiwan dollar in early-May.
Zambia Reinsurance has posted an 83% surge in net profit to ZMW28.5m ($1.05m) in the financial year ended 31 December 2024, compared to 2023, according to the company's financial statements lodged with the Lusaka bourse. The increase was achieved on the back of strong revenue growth, investment income and exchange gains.
Profitability in the Islamic general insurance branch varied across regions, with some markets facing rising claims pressures in 2024, the Islamic Financial Services Board (IFSB) said.
The Islamic insurance sector demonstrated sustained growth momentum in 2024, significantly outpacing the broader insurance industry, according to the "Islamic Financial Services Industry Stability Report 2025" published by the Islamic Financial Services Board (IFSB).
Gulf Insurance Group (GIG) has increased its net insurance result by 39% to KWD8.7m ($28.2m) in the first quarter of 2025, up from KWD6.2m in the corresponding period last year, primarily driven by a significant improvement in the performance of its underlying insurance operations across the majority of its subsidiaries and lines of business.