China’s Ping An Insurance Reports 4.3% Drop in Q1 Net Profit April 24, 2024 Ping An Insurance’s first-quarter net profit fell 4.3%, hit by shrinking returns from property and casualty insurance as well as...
Chubb Records 13.3% Uptick in Q1 Net Income on Underwriting April 23, 2024 By Chad Hemenway Chubb started 2024 off with first quarter net income up 13.3%, compared to the same time a year ago, to...
W.R. Berkley Reports 50.4% Increase in Q1 Net Income April 23, 2024 First quarter net income at W.R. Berkley Corp. increased about 50% compared to the same period the prior year to...
Munich Re Says Beating Target More Likely After Strong Quarter April 23, 2024 By Stephan Kahl Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to...
Progressive Records Five-Fold Increase in Q1 Net Income April 12, 2024 Progressive Corp. today reported strong first quarter 2024 results with net income of $2.3 billion and a combined ratio of...
Global Accounting Rule Ends Leeway Over Operating Profit April 9, 2024 By Huw Jones Companies will have to publish standardized operating profit figures from 2027 under new requirements from a global accounting rulesetter to...
Lloyd’s of London Swings to $13.5 Billion Profit in 2023 March 28, 2024 Lloyd’s of London swung to a pre-tax profit of 10.7 billion pounds ($13.51 billion) in 2023, the commercial insurance market...
UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation March 21, 2024 By Carolyn Cohn Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the...
Generali CEO Says Insurer Has Financial Strength for M&A Deals March 12, 2024 By Sonia Sirletti Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according...
Lloyd’s Reports Banner Year in 2023 but ‘Disciplined Underwriting’ Must Be Maintained March 11, 2024 By L.S. Howard Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,”...