Also see : News Assurances | NA Pro | NA LIVE | NA BUZZ | NA Market | AssurBOOK | News Insurances | News Banques | NB BUZZ |

Financial Results

Arista 21% growth on 2009

Commercial lines underwriting specialist Arista Insurance has recorded a 21% increase in income in the first half compared with the same period in 2009.  The figures confirm that Arista is now comfortably in profit both on an EBITDA and profit before tax basis. The achievement follows the announcement in May that Arista had achieved strong growth and an EBITDA profit during the second half of 2009. Growth has continued into 2010 and is in line with Arista’s aim to achieve a consistent trading profit in year four, while maintaining underwriting... 


Italian insurer Generali’s profit soars

Italian insurer Generali said on Thursday its first half net profit soared 73.2 percent to 872.9 million euros (1.15 billion dollars) thanks to strong life insurance sales. Profits in its life insurance business grew 23.5 percent to 1.6 billion euros, which Generali in a statement called “the best half-year figure for the past three years.” Cost containment and improving margins in financial operations also contributed to the result, Generali added. The profit however was lower than expected by analysts polled by Dow Jones Newswires,...  Lire la suite

German insurer Allianz says net profit plunged in Q2

The German insurance giant Allianz said on Friday that its second-quarter net profit plunged by 45.6 percent from the same period a year earlier to 1.02 billion euros (1.34 billion dollars). The quarter rounded out a first half that was “marked by exceptionally high natural catastrophe losses,” a statement quoted chief executive Michael Diekmann as saying. The group said the fall also stemmed from “a low level of harvesting” compared with the same period a year earlier, when Allianz booked a high level of gains on investments...  Lire la suite

AIG reports 2.66-billion-dollar quarterly loss

Ailing US insurance giant AIG on Friday said it swung to a 2.66-billion-dollar loss in the second quarter, hurt mostly by the impending sale of a key foreign business unit. American International Group, which was rescued from collapse by the government during the financial crisis, said the loss was primarily due to a 3.3-billion dollar “non-cash goodwill impairment charge” linked to the sale of Alico, AIG’s second-largest foreign life-insurance business. AIG had agreed to sell Alico to MetLife, the largest US life insurer, for...  Lire la suite

Insurer Zurich posts 76-percent profit jump in first quarter

Swiss insurer Zurich Financial Services said on Thursday that its first-quarter net profits soared 76 percent to 935 million dollars (729 million euros), despite high claims over the earthquake in Chile. The earnings marked a sharp improvement from profits of 532 million dollars 12 months ago, and beat analysts’ forecasts of 860 million dollars, according to a poll conducted by economics newswire AWP. “Our general insurance business successfully maintained its focus on protecting profit margins, managing to absorb both the significant...  Lire la suite

Insurer Aviva says profits climb in first half

British insurer Aviva revealed on Thursday that first-half profit jumped 21 percent, lifted by rising sales in Asia and Europe, sending its share price rocketing by more than eight percent. Aviva, Britain’s second largest insurer after Prudential, said operating profit rose 21 percent to 1.27 billion pounds (1.53 billion euros, 2.0 billion dollars) in the six months to June, compared with the same part of last year. That beat market expectations of 1.15 billion, according to Dow Jones Newswires. Long-term savings new business sales, meanwhile,...  Lire la suite

Reinsurer Swiss Re says it weathers oil spill costs with big profit
Insurer Axa says capital loss cuts profits 29.0 percent
Insurance comparison : A £12m profit for Go Compare in 2009
Wall Street bill boosts Obama reform legacy
Dutch bank and insurance group ING returns to profit, cautions vigilance
Combined net worth for the State Farm group increased in 2009 by $4.8 billion to end the year at $58.1 billion
A challenging year at Groupama UK
AXA insurance reports fourfold profit leap
Swiss Re edges back to profit-making
Aon Corp total revenue rose 9% to $2.07 billion
Standard Life announces 7 percent drop in sales during 2009
Aviva sees four quarter sales increase
Munich Re increases profit to €2.56bn in 2009 and raises dividend to €5.75
Zurich Financial’s net profit up six percent in 2009
THB improved its margins and turnover and announces 43% increase in broking profit
Friends Provident announces higher with profits final bonus rates
Munich Re says 2009 profit up 62 percent
British home insurance group HomeServe reports a stronger first-half profit
ABN Amro reports quarterly loss of Euros 1.0 billion
EU approves restructuring of Lloyds, ING and KBC banks
Fortis Holding confirms outlook with a net profit year-to-date of EUR 371 million
Lloyd’s of London insurer Amlin expects excellent full year result
Franco-Belgian Dexia reveals profit amid EU state-aid negotiations
AEGON returned to profit in the third quarter with a net income of €145 million
Swiss Life reports a 5% rise in 3rd quarter premiums
Zurich reports growths with a 3rd quarter profit in rise of 138 percent
Novae Group reports gross written premium in rise
Allianz Insurance reports growths in profits and premiums with an operating profit of €1.9 billion
German Hypo Real Estate Bank reports heavy losses of €574 million
ING reports quarterly profit after restructuring
Jardine Lloyd Thompson’s results in line with 3rd quarter expectations
Danish leading insurer TrygVesta reports strong growth
CNA financial announces 3rd quarter profit
AIG reports quarterly profit of $455 million
Hannover RE’s net profit rises to reach €159.4 million in the 3rd quarter
RBS more than halved its operating losses to £1.5 billion in 3rd quarter
RSA Insurance’s revenue rises 4 percent with net written premiums of £5 billion
Summary of Munich RE’s figures for the first nine months
Zurich Financial’s net profits down 24 percent over nine months
Munich RE reports €1.8 billion profit for the first nine months of 2009
Aviva reports sales drop with £27 billion worldwide sales
Swiss Re returns strong profit in third quarter and announced 1,000 jobs cuts
Brit Insurance reports great sales and investment returns
Willis Group Holdings to announce third-quarter earnings on October 26
Insurance solutions specialist RDT sees revenues increase by over 50%
Helphire announces pretax loss of £149 million
Pearl Group appoints Ron Sandler CBE as new Chairman and reports H1 results
Lloyd’s reports a 40% increase in first-half profits
Co-operative Financial Services announces great General Insurance profits
Standard Life net profits fall 34% for 2009 interim results
LV= announces strong new business growth in first half of 2009
SCOR rate outlook changed from “stable” to “positive” by A.M. Best
Swiss-based insurer and reinsurer Glacier reports pre tax net income in rise for the first half 2009
Aviva France – Slight increase in sales momentum, tight cost control, doubling of net profit
US reinsurers RAA released results for the first half of the year
Chaucer Holdings PLC reports excellent 2009 half year profit
China Life has announced 29 % increase in profit
Lloyd’s-listed insurer Omega Insurance Holdings reports light profit fall
Swiss Life to cut 520 jobs as net profits fall 92%
Hiscox insurance report a 30% profit rise
Admiral announces profit before tax up 5% for H1 2009
UK based Amlin delivers record earnings for the first six months 09
Insurance Australia Group (IAG) reports profits for Financial Year 09
Fortis first-half net profit fell 38%
Markel Reports Second Quarter and Six-Month Results
Allianz reports H1 profits in fall
Good underlying growth in difficult market conditions for Bupa
ING posts 2Q underlying net profit of EUR 229 million
RBS Insurance half year results declines
Paris Re net income drop 20% for the second quarter of 2009
Catlin group has announced 60 % increase in profit
AIG reports profits for second quarter 2009
Giant Allianz’s operating profits fall
Standard Life profit down 35%
RSA announced a 25% reduction of its net profits
Zurich announces an increase with USD 1.5 billion quarterly operating profit
Aviva reports £747 million profit for the first six months
Hannover Re reports good results for the first half of 2009
AXA UK – Life and Savings (H1 2009 results)
AXA UK – Bluefin – independent distribution businesses (H1 2009 results)
AXA UK – General and Healthcare Insurance (H1 2009 results)
Bermuda-based Lloyd’s insurer Hardy Underwriting announced lower interim results
AXA Group net income for half year 2009 fell 39 percent to 1.32 billion euros
AXA UK earnings up 2% at H1 2009 to £186million
Swiss Re has reported a net loss of SFr381m ($359m)
Flagstone Re reports a second quarter 2009 in rise
Legal and General announces strong half-year results 2009
AIG to report second quarter 2009 results on August 7, 2009
Munich Re posts €1.1bn profit for first half-year 2009
Liberty Mutual Group reports second quarter 2009 Results
GENERALI announced a lower profitability with a net profit of €504 million
Willis Group Reports great second quarter 2009 Results
Lancashire reports a strong second quarter 2009 results
Odyssey Re Net Income in raise for the Second Quarter 2009
Euler Hermes’ results net fall because of the recession
Aon Reports Second Quarter 2009 Results
SCOR records net income of EUR 184 million for the First Half of 2009
PartnerRe Ltd. Reports Second Quarter and Half Year 2009 Results
XL Capital Ltd announces second quarter 2009 results
Chubb Reports Second Quarter Net Income per Share of $1.54