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Financial Results

AXA insurance reports fourfold profit leap

French insurance group AXA reported on Thursday a fourfold profit leap least year to 3.6 billion euros, beating analysts’ forecasts, and saying it would focus on raising profitability this year. The main difference from the results for 2008, when most financial groups were hit by the global financial crisis, was a turnaround totalling 2.6 billion euros in non-operational book-keeping items related to a recovery in the value of assets. Net profit for last year totalled 3.6 billion euros (4.9 billion dollars) compared with estimates by analysts... 


Swiss Re edges back to profit-making

One of the world’s biggest reinsurers, Swiss Re, on Thursday reported a 506-million-Swiss-franc annual net profit in 2009, edging away from a record loss suffered a year earlier in the financial crisis. The net profit, equivalent to 472 million dollars or 345 million euros, was well within the range of analysts’ expectations. “Today, I am proud to say: we have come a long way,” said chief executive Stefan Lippe in a statement. Lippe said the company had restored its capital base, which was severely eroded during the crisis,...  Lire la suite

Aon Corp total revenue rose 9% to $2.07 billion

Aon Corp said fourth-quarter earnings rose before special items, beating expectations, as savings from restructuring improved margins and currency gains boosted revenue. Total revenue increased 9% to $2.1 billion with a decline in organic revenue of 2% EPS from continuing operations was $0.49 and adjusted EPS from continuing operations, excluding certain items, increased 20% to $0.96 Brokerage revenue increased 8% to $1.7 billion with a decline in organic revenue of 1% Brokerage pretax margin was 11.5% and the adjusted pretax margin, excluding...  Lire la suite

Standard Life announces 7 percent drop in sales during 2009

Insurer Standard Life, the country’s fifth-biggest insurer by market value and the first to detail sales for the full year, beat expectations with a 7 percent drop in sales during 2009, as a market recovery during the second half helped soften the impact of crisis-hit UK consumers cutting back on savings. Life and pensions net inflows excluding bulk bond deals 57% higher at £3.2bn1 (2008: £2.1bn) Standard Life Investments third party net inflows 67% higher at £5.7bn (2008: £3.4bn) SIPP assets under administration 36% higher...  Lire la suite

Aviva sees four quarter sales increase

Insurer Aviva reported weaker 2009 life sales, held back by tough economic conditions in the UK, and said its general insurance arm had been hit by hefty weather claims in the final quarter. Life and pensions sales of £8 billion in the fourth quarter, up 21% on the third quarter of 2009 Strong regional performance with life and pension sales up 17% in the UK, 39% in Aviva Europe* and 45% in the US compared with the third quarter of 2009stre Sales volumes managed to ensure capital efficiency and profitability Worldwide total sales for the year...  Lire la suite

Munich Re increases profit to €2.56bn in 2009 and raises dividend to €5.75

On the basis of preliminary calculations, Munich Re increased its consolidated profit significantly to €2.56bn in 2009 (previous year: €1.58bn). The profit for the fourth quarter totalled €0.78bn (0.11bn). Shareholders are again set to benefit substantially from the Group’s performance: subject to approval by the Supervisory Board and the Annual General Meeting, the dividend will rise by 4.5% to €5.75 (5.50) per share. Munich RE CFO Jörg Schneider said: “This is another good result that demonstrates Munich Re’s earnings strength....  Lire la suite

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
RSA Insurance Group notice of 2009 half year results
Willis Group Holdings to Announce Second-Quarter Earnings on July 29
Broker THB Group revealed a 20% increase in turnover and 29% growth in its THB UK
Zurich reports solid first quarter operating performance
Loss record for AIG Insurance : $61.7bn