earnings News

AIA Reports 20% Hike in New Business During 1st Quarter

AIA Group Ltd., the third-largest Asia-based insurer by market value, said the value of new business climbed 20 percent in the first quarter, meeting analysts’ estimates. The measure of projected future profitability of new policies increased to $425 million in the three …

Aspen Reports Q1 After-Tax Net Income of $128M; Combined Ratio of 88.9%

Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015, compared with $120.4 million, or diluted net income per share of $1.66, reported for the same period …

Allied World Reports Q1 Net Income of $124.4M; Operating Income of $91.7M

Allied World Assurance Company Holdings, headquartered in Zug, Switzerland, reported net income of $124.4 million, or $1.27 per diluted share, for the first quarter of 2015 compared to net income of $177.0 million, or $1.74 per diluted share, for the first quarter of 2014. The …

Vienna Insurance Misses 2014 Profit Estimates on $85 Million Heta Writedown

Vienna Insurance Group AG wrote down debt of Austrian “bad bank” Heta Asset Resolution AG by 80 million euros ($85 million), a larger amount than expected, causing the firm to miss estimates for profit last year. The insurer, based in …

Insurers Face Earnings Growth Challenges in Varying Global Economy: S&P

When it comes to finding earnings growth in 2015, the challenge facing the global insurance industry will be uneven economic conditions in many parts of the world, according to a report released by Standard & Poor’s Ratings Services. Entitled “Pursuing …

Lloyd’s Reports US$4.9 Billion (£3.2 Billion) Profit for 2014, Level With 2013

Lloyd’s announced a pre-tax profit of US$4.9 billion (£3.2 billion) for 2014, which is unchanged from the profit figure reported in 2013. The 2014 profit was driven by a relatively benign year for major natural catastrophes, favorable prior year development, and …

Talanx Q4 Profit Rose 17% on Measures to Restructure German Retail Division

Talanx AG, Germany’s third-biggest insurer, said fourth-quarter profit rose 17 percent helped by investment gains as it sought to restructure its German retail division. Net income increased to 239 million euros ($259 million) from 203 million euros a year earlier, the …

Ping An Profit Jumps 40% in 2014 on Strong Investment Returns

Ping An Insurance (Group) Co., China’s second-biggest insurer, rose to the highest in more than four years in Hong Kong stock trading on Thursday after it said profit jumped 40 percent last year. The shares advanced 4.6 percent to HK$92.60 as …

Generali Q4 Profit Drops 75% on Higher Impairments

Assicurazioni Generali SpA, Italy’s biggest insurer, said fourth-quarter profit slid 75 percent after impairments of its Russian stake and related to the sale of BSI. The insurer increased its dividend by 33 percent. Net income declined to 81 million euros …

Low Catastrophe Claims Help to Boost Full-Year Profit for Hannover Re

Hannover Re, the world’s third-biggest reinsurer, plans to pay a special dividend after fourth-quarter profit rose more than analysts estimated, helped by low catastrophe claims. The shares climbed. Net income rose to 290 million euros ($313 million) from 265 million …