Austrian Vienna Insurance Group (VIG) reported GWP for the full year 2023 worth EUR 13.8 billion, 10% more y-o-y. Earnings before taxes reached around EUR 773 million, up by +32% y-o-y, while the insurance service revenue increased by 12%, to EUR 10.9 billion, VIG announced.
13 March 2024
According to the preliminary 2023 financial results, Austrian insurance group UNIQA posted strong premium growth (+9.7% to EUR 7.18 billion) while earnings before taxes exceeded expectations (at EUR 426.4 million).
12 March 2024
Based on preliminary figures, German insurer Talanx informed it is expecting Group net income of EUR 1.58 billion. This clearly surpasses the original annual target of approximately EUR 1.4 billion. Insurance revenue rose to EUR 43.2 billion (vs. EUR 39.7 billion).
12 March 2024
The French reinsurer SCOR informed it achieved a record full year 2023 net income of EUR 812 million, due to the Q4 2023 performance.
12 March 2024
New analysis by the UK’s largest home insurer, Aviva, reveals that one in thirteen (8%) new homes built in England in the last ten years are in a flood zone, the equivalent of almost 110,000 homes.
12 March 2024
Re/insurance marketplace Lloyd’s announced its 2023 preliminary FY2023 financial performance. “The full results will be released on 28 March 2024, accompanied by guidance on expectations for Lloyd’s Full Year 2024 results”.
12 March 2024
Italian groups Generali ended 2023 with GWP of EUR 82.5 billion, 5.6% up y-o-y, and a record operating result of EUR 6.9 billion (+7.9%), thanks to positive contribution from all segments, led by P&C, the Group announced.
12 March 2024
The Sava Insurance Group achieved strong organic growth in all its operating segments and markets in 2023. Its business volume increased to EUR 910.1 million, up 14.4% on the previous year and 13.8% ahead of plan, the Groups announced in a press release.
7 March 2024
Triglav Group's total business volume rose by 12% to EUR 1,78 billion in 2023, while its earnings before tax amounted to EUR 21.1 million, the unaudited data released by the Group show. The regulated price of supplemental health insurance in Slovenia and record high CAT claims impacted the Group's earnings.
6 March 2024
Zurich insurance group posted FY 2023 Group business operating profit (BOP) up by 21% to a record USD 7.4 billion.
5 March 2024
German insurer Allianz informed that it has completed the acquisition of Tua Assicurazioni S.p.A. from Italian insurer Assicurazioni Generali for a consideration of EUR 280 million. The acquisition was initially reported in October 2023 (click
here for details).
5 March 2024
Consolidated insurance revenues of Croatia osiguranje, including regional branches, amounted to EUR 476 million in 2023, which is 11% more y-o-y. The company, part of the Adris Group, achieved a consolidated net profit before minority interests in the amount of EUR 58.5 million.
29 February 2024
Munich Re posted a profit of EUR 4.59 billion for the 2023 financial year – slightly higher even than the revised profit target of EUR 4.5 billion announced in October 2023, up from the initial figure of EUR 4.0 billion. Insurance revenue from insurance contracts issued rose y-o-y to EUR 57.88 billion.
29 February 2024
Allianz Group’s total business volume rose by 5.5% to EUR 161.7 billion in 2023, while the operating profit increased by 6.7% to EUR 14.7 billion. For 2024, the group targets an operating profit of about EUR 14.8 billion.
29 February 2024
The Dutch insurer Aegon announced the completion of the sale of its 56% stake in its joint venture in India, Aegon Life Insurance Company, to Bandhan Financial Holdings Limited, an Indian financial services company.
28 February 2024
In 2023, ERGO paid out in the Baltic States EUR 216 million. Of these, EUR 59 million were paid to Latvian customers, EUR 102 million in Lithuania, and EUR 54 million in Estonia, the
Latvian Insurers Association wrote.
28 February 2024
Global broker WTW reported FY2023 revenue worth USD 9.48 billion, an increase of 7% as compared to USD 8.87 billion for the prior year. For the year 2024, the company expects to deliver revenue of USD 9.9 billion or greater.
21 February 2024
Generali and TCC-Trieste Convention Center announce the agreement to name the largest multifunctional convention center overlooking the sea in the entire north-east of Italy as the Generali Convention Center Trieste.
21 February 2024
German insurer ERGO Group AG – with business in many CEESE markets such as Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Poland - has been recognized as one of the most attractive employers on its “home market” - Germany for the second time in a row by the international consulting institute "Top Employers Institute".
21 February 2024
Leading specialty insurer Tokio Marine Kiln (TMK) announced the appointment of Matthew SHAW as CEO with effect from 1 April, subject to regulatory approval. SHAW will succeed Brad Irick who is taking up the position of co-head of international business for Tokio Marine Holdings, which is the parent company of Tokio Marine Group, to drive its international growth ambitions.
16 February 2024