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Financial Performance tag returned 924 results

  • ARPC showcases strong performance in FY19-20

    The Australian Reinsurance Pool Corporation (ARPC) last week published its 2019-2020 annual report in which it showcased strong performance for that financial year, with an operating result (surplus) of A$69.1m ($48.8m), A$42.5m better than forecast.

    AIRPlus | 29 Oct 2020
  • Qatar: QIC Group increases premiums by 4% but posts loss for 9M2020

    Qatar Insurance Company (QIC), a leading insurer in Qatar and the Middle East North African (MENA) region, has posted Gross Written Premiums which grew by 4% to QAR10.2bn ($2.8bn) for the first nine months of 2020, primarily driven by hardening of rates in commercial insurance and reinsurance.

    Middle East | 29 Oct 2020
  • New Zealand: Biggest health insurer posts 3x as much profits in FY2020 as in the previous year

    New Zealand's leading health insurance brand Southern Cross Health Society Group has posted a surplus of NZ$32.4m ($21.5m) for the year ended 30 June 2020 (FY2020). This was three times the NZ$10.7m surplus reported for the previous financial year.

    Asia | 29 Oct 2020
  • Turkey: National reinsurer outlines first-year performance

    State owned Turk Reasurans has reported a string of successes in the past 12 months since it was established in September 2019 to increase domestic reinsurance capacity in Turkey.

    Middle East | 28 Oct 2020
  • Morocco: Reinsurance business outpaces direct insurance in 1H

    The premium income of insurance companies in the first half of 2020 increased by 4.6% to MAD27.3bn ($2.9bn), compared to the corresponding period last year, according to a report published in mid-October by the Insurance and Social Security Supervisory Authority (ACAPS).

    Middle East | 27 Oct 2020
  • Zambia: Insurance market grows in 1H despite COVID-19

    Despite the effects of the COVID-19 pandemic on the insurance industry in Zambia, mid-year unaudited results for insurers show some growth in the sector, Insurers Association of Zambia president Ms Christabel Banda.

    Africa | 26 Oct 2020
  • South Africa: Largest insurer shifts focus to domestic business

    Sanlam, the largest insurance company in Africa, is refocusing on its home market and plugging holes from its largest-yet acquisition to squeeze higher returns out of its businesses, reported Bloomberg.

    Africa | 26 Oct 2020
  • Kenya: Insurance sector's 2019 underwriting losses are the worst in over 20 years

    The insurance sector in Kenya has recorded KES3.27bn ($30.05m) in underwriting losses, its worst in over two decades. The underwriting losses in 2018 stood at KES1.12bn.

    Africa | 26 Oct 2020
  • Tunisia: Insurance market grows by 6.2% in 2019

    The turnover of insurance companies in Tunisia increased by 6.2% in 2019 to reach TND2.3bn ($837m), according to a recent study by Tera Finances. The growth is attributed to increases in premiums for life and non-life insurance companies.

    Middle East | 26 Oct 2020
  • China: 5 major A-share listed insurers' combined growth slows in September

    The five major A-share listed insurance companies in China have posted an aggregate premium income of CNY2.055tn ($307bn) in the first nine months of this year, an increase of 5.80% compared to the corresponding period last year. In contrast, the growth rate of these insurers for the first three quarters of the year was 6.15%.

    China | 23 Oct 2020

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