Munich Re Targets Net Profit of €6 Billion ($6.3 billion) for 2025 December 13, 2024 Munich Re is aiming for an IFRS net profit of €6 billion (US$6.3 billion) in 2025 as a result of...
Allianz Raises Financial Targets for Next Three Years December 10, 2024 By Andrey Sychev and Alexander Hübner Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year,...
Zurich Insurance Group Sets New Targets After Meeting Existing Ones a Year Early November 21, 2024 By Levin Stamm Zurich Insurance Group AG set new targets for profitability and profit growth for the next three years, after a better-than-expected...
Swiss Re Execs Sleeping Well After $2.4 Billion Q3 Reserve Boost November 15, 2024 By Susanne Sclafane While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re’s executives sleep better on a...
Liberty Mutual Quadruples Q3 Net Income Despite Catastrophe Losses November 7, 2024 By Chad Hemenway Liberty Mutual Holding Company said consolidated third quarter net income more than quadrupled to $897 million compared to $215 million...
Zurich’s Exposure to Hurricanes Helene, Milton Below $360M as Catastrophe Losses Rise November 7, 2024 By Carolyn Cohn Zurich Insurance Group said on Thursday that its exposure to Hurricanes Helene and Milton, which recently wreaked havoc in the...
Swiss Re Cuts 2024 Profit Target After Raising US Reserves November 7, 2024 By Noele Illien Swiss Re AG said it was raising reserves in its US Property & Casualty business by $2.4 billion in the...
AIG General Insurance Underwriting Profit Falls 28% in Q3 November 5, 2024 By Chad Hemenway American International Group saw third quarter underwriting income in its general insurance segment fall 28% to $437 million due to...
Berkshire’s GEICO Turns in Strong Q3 but Overall Insurance UW Income Slips November 4, 2024 By Chad Hemenway Third quarter underwriting income with Berkshire Hathaway’s insurance units fell about $1.7 billion to $750 million due to estimated losses...
Lemonade Remains in the Red With $68M Loss in Q3 October 31, 2024 Insurtech Lemonade reported a third quarter 20243 net loss of nearly $68 million and a year-to-date loss of $172.2 million....