Daily Insurance Industry News
 
 
Daily Insurance Industry News
Saturday 21st of October 2017
November 15, 2012

Zurich reports weaker third quarter

by Richard Kilner

Story link: Zurich reports weaker third quarter

Zurich Insurance Group has reported its financial results for the first nine months and third quarter of 2012. In the first nine months of the year the firm reported a business operating profit of US$3.2bn and net income attributable to shareholders of US$2.7bn. This is a decline from the corresponding period last year, when the […]



November 8, 2012

Lancashire Q3 and 9M profits on the rise

by Richard Kilner

Story link: Lancashire Q3 and 9M profits on the rise

Lancashire Holdings Limited has reported its financial results for the third quarter and first nine months of 2012. Quarterly return on equity rose from 3.6% to 5.7%, with 9M return on equity up from 10.4% in the corresponding period last year to 13.2%. In Q3 gross written premiums fell from $142.9m to $113.5m, and net […]



Swiss Re reports rising Q3 profits

by Richard Kilner

Story link: Swiss Re reports rising Q3 profits

Swiss Re has reported its financial results for the third quarter of 2012. In Q3 the firm made a net income of US$2.2bn, up dramatically from the US$1.3bn of the corresponding period last year. The quarterly net income was even more substantially improved from the preceding quarter, when Swiss Re made just US$83m (largely due […]



November 7, 2012

Munich Re reports strong 9M results

by Richard Kilner

Story link: Munich Re reports strong 9M results

Munich Re has reassessed its expected profits for 2012, and now believes that it will make more than previously estimated. In the first nine months of the year they made a profit of €2.7bn, enormously improved on the €80m of 9M 2011. Over the full course of 2012 the firm is now predicting that it […]



Ageas UK achieves record profits

by Richard Kilner

Story link: Ageas UK achieves record profits

Ageas UK has reported its financial results for the first nine months of 2012, during which it made pre-tax profits of £106.7m. This is 36.4% more than the £78.3m of the corresponding period last year, and is a new record for the firm. It also follows biannual pre-tax profits of £64.1m, an 81% rise from […]



November 6, 2012

MMC reports rising profits

by Richard Kilner

Story link: MMC reports rising profits

Marsh & McLennan Companies, Inc. (MMC) has reported that in the third quarter of 2012 it made consolidated revenue of $2.8bn, a 1% year-on-year rise. Quarterly income from continuing operations was $246m, equating to $0.43 per share, nearly double the $133m ($0.23 per share) of the corresponding period last year. Net income was $241m, up […]



XL reports strong profits in Q3

by Richard Kilner

Story link: XL reports strong profits in Q3

XL Group plc has reported its financial results for the third quarter of 2012, during which it made net income of $171.9m. This is approximately fourfold the $42.4m that the firm made during the corresponding period last year, but is down a quarter on the $221.2m it made in Q2 2012. Net income per share […]



November 2, 2012

Navigators report Q3 results

by Richard Kilner

Story link: Navigators report Q3 results

The Navigators Group, Inc. has reported that in the three months ended 30 September 2012 it made a net income of $12.9m, equating to $0.90 per diluted share. This is slightly down on the $13.9m, or $0.92 per diluted share, the firm made during the corresponding period last year. Quarterly gross written premiums were $298.7m, […]



AIG reports Q3 net income of $1.9bn

by Richard Kilner

Story link: AIG reports Q3 net income of $1.9bn

American International Group, Inc. (AIG) has reported its financial results for the third quarter of 2012, during which it made a net income of $1.9bn. This is a significant turn around since the corresponding quarter last year when the firm incurred a net loss of $4bn, but is a decline from the second quarter of […]



November 1, 2012

PartnerRe reports strong third quarter results

by Richard Kilner

Story link: PartnerRe reports strong third quarter results

PartnerRe Ltd. has reported its financial results for the third quarter of 2012, during which the firm made net income of $486.7m, or $7.53 per share. This is about two and a half times as much as the firm made in the corresponding period last year ($180.1m, equating to $2.43 per share) or during the […]



October 30, 2012

CNA reports rising Q3 and 9M profits

by Richard Kilner

Story link: CNA reports rising Q3 and 9M profits

CNA Financial Corporation has reported its financial results for the third quarter of 2012, including net income of $221m, equating to $0.82 per share. This is an improvement of about a third from the $166m, or $0.62 per share, the firm made during the preceding quarter. It is also about three times the net income […]



October 29, 2012

Validus reports strong Q3 and 9M results

by Richard Kilner

Story link: Validus reports strong Q3 and 9M results

Validus Holdings, Ltd. has reported its financial results for the third quarter of 2012, including net income of $207.3m, equating to net income of $2.11 per diluted common share. This is almost fourfold the $56.5m net income ($0.54 per diluted common share) the firm achieved in the corresponding period last year, and is also a […]



October 26, 2012

Chubb reports record Q3 results

by Richard Kilner

Story link: Chubb reports record Q3 results

The Chubb Corporation has reported that in the third quarter of 2012 it made a net income of $533m, a significant increase on the $298m it made during the corresponding period last year. Net income per share saw a similarly substantial improvement, rising year-on-year from $1.04 to $1.98. Quarterly operating income more than doubled from […]



October 25, 2012

Aspen reports improved Q3 results

by Richard Kilner

Story link: Aspen reports improved Q3 results

Aspen Insurance Holdings Limited has reported its financial results for the third quarter of 2012, including net income of $115.1m, up from $21.2m in Q3 2011, and diluted earnings per share of $1.45. This is a substantial improvement on the corresponding period last year when the firm made diluted earnings per share of $0.21. Year-on-year, […]



October 24, 2012

Willis reports third quarter results

by Richard Kilner

Story link: Willis reports third quarter results

Global insurance broker Willis Group Holdings plc has reported its financial results for the quarter and nine months ended 30 September 2012. Reported net income for the third quarter was $26m, equating to $0.15 per diluted share, less than half the $60m, or $0.34 per diluted share, it made during the corresponding period last year. […]



ACE reports strong third quarter results

by Richard Kilner

Story link: ACE reports strong third quarter results

ACE Limited has reported its financial results for the quarter ended 30 September 2012, including net income of $640m compared to a loss of $39m in the corresponding period last year. The firm reported net income per share of $1.86, a significant improvement on the net loss per share of $0.11 suffered last year. The […]



October 16, 2012

Helphire reports pre-tax loss

by Richard Kilner

Story link: Helphire reports pre-tax loss

Helphire has reported its annual financial results for the year ended 30 June 2012, during which it made an operating loss of £0.7m. The year also saw the firm record adjusted operating profits of £1.4m, less than half the £3.4m it made during the previous year. Before taxes, Helphire made an annual loss of £6.3m, […]



September 28, 2012

Helphire reports preliminary annual results

by Richard Kilner

Story link: Helphire reports preliminary annual results

Helphire has reported its preliminary financial results for the year ended 30 June 2012. The firm reported a statutory operating loss of £0.7m, and adjusted operating profit of £1.4m, less than half the £3.4m that it achieved in the preceding year. Helphire also incurred a loss before taxation of £6.3m, with net debt reduced by […]



September 26, 2012

Lloyd’s reports strong biannual profits

by Richard Kilner

Story link: Lloyd’s reports strong biannual profits

Lloyd’s has reported that during the first six months of 2012 it made a profit of £1.53bn. This is the highest interim profit that Lloyd’s has achieved for five years, and is a swift return to the black after it incurred a £697m interim loss during the first half of 2011. Total net claims fell […]



September 6, 2012

Canopius achieves record biannual results

by Richard Kilner

Story link: Canopius achieves record biannual results

Specialist (re)insurance underwriting business Canopius Group Limited has reported its interim financial results for the six months ended 30 June 2012. The firm reported a profit to shareholders, after tax, of £33m in H1 2012, a return to the black after incurring a £51m loss in the corresponding period last year. Annualised return on equity […]