News - Re/Insurance groups
Triglav Group H1 2022 GWP expanded by 9% y-o-y to EUR 797.2 million
Slovene re/insurance group Triglav announced its H1 2022 total revenue grew by 11% to EUR 861.2 million while the volume of gross written premium increased by 9% y-o-y to EUR 797.2 million.
31 August 2022Zurich reports 25% rise in first-half operating profit
Zurich Insurance Group reported the highest first-half business operating profit since 2008 and the second highest ever, with all regions and business lines contributing to the successful results.
31 August 2022Eurohold reported biggest half-year profits and revenues in company's history
Bulgarian energy and financial group Eurohold reported record half-year results in 2022 due to the strong performance of the company's two main businesses - electricity and insurance, according to the company's consolidated interim financial statement.
31 August 2022AXA posted half-year 2022 consolidated revenue worth EUR 55.14 billion
French re/insurance group AXA has reported revenue growth of 2% to EUR 55.14 billion in the first half of 2022, reflecting growth in P&C, health, asset management and a reduction in life & savings.
31 August 2022AGCS posted 11% y-o-y increasing business during H1 2022
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported H1 2022 GWP worth EUR 5.73 billion, up by EUR 572 million or by 11% y-o-y.
31 August 2022UNIQA, 1H2022: Solid results despite high depreciation on Russian bonds
In 1H2022, the UNIQA Insurance Group AG (UNIQA) generated earnings before taxes of EUR 169 million, by 22% lower y-o-y, under the impact of the exposure to Russian bonds. Premiums written grew by 3.8%, to EUR 3,436.0 million.
25 August 2022Global insured losses from NatCat in H1 2022 at USD 35 billion, 22% above the 10Y average
Global estimated insured losses from natural catastrophes in first half of 2022 totaled USD 35 billion, 22% above average of past ten years (USD 29 billion), according to Swiss Re Institute's preliminary estimates.
25 August 2022VIG: strong results in 1H and expecting a positive operating performance for the year-end
Austria based Vienna Insurance Group (VIG) ended the first half of 2022 with strong premium and profit growth and very good combined ratio: while GWP went up by 11.6% to EUR 6.44 billion, the profit before taxes increased by 10.3% to EUR 277.3 million, supported by the improving technical indicators.
18 August 2022SAVA Re, 1H2022: motor claims inflation and weather-related losses imopacted upon the group's net profit
Slovenian Sava Insurance Group generated a net profit of EUR 28.9 million in 1H2022, which is 48.2% of the annual target. The Group achieved operating revenue of EUR 364.2 million, representing 52.0% of the full-year target, the Group announced.
18 August 2022Allianz confirmed FY2022 operating profit outlook of EUR 13.4 billion, plus or minus EUR 1 billion
German insurer Allianz announced 1H 2022 revenue worth EUR 81.2 billion (+7.2%), operating profit worth EUR 6.7 billion (+1.2%) and net income attributable to shareholders of EUR 2.3 billion, a decrease of 52.7%, "mostly due to a provision booked in 1Q in relation to the AllianzGI U.S. Structured Alpha proceedings".
11 August 2022Hannover Re confirms FY 2022 profit guidance with sustained profitable growth in H1
German reinsurer Hannover Re is confirming its earnings guidance for 2022 after generating Group net income of EUR 649 million in the first six months (vs. EUR 671 million in H1 2021). At the same time, gross premium recorded further double-digit growth: +19.9% to EUR 17.3 billion vs. EUR 14.5 billion in H1 2021.
11 August 2022Marsh: Global commercial insurance prices increased 9% in Q2
Global commercial insurance prices increased by 9% in the second quarter of 2022 (down from an 11% increase in Q1), according to the Global Insurance Market Index released by global re/insurance broker Marsh, continuing a trend of moderating rate increases that began in Q1 2021.
9 August 2022Generali Group, 1H 2022: operating result up to EUR 3.1 billion
Generali reported continued growth in the operating result in 1H 2022, reaching EUR 3.1 billion (+4.8%), thanks to the positive performance of the Life, P&C and Holding and other businesses segments. The net result was stable, excluding Russian impairments. Capital position remained extremely solid
4 August 2022AON Q2 revenue increased by USD 97 million to almost USD 3 billion
Global re/insurance broker AON announced that its Q2 2022 total revenue increased by USD 97 million, or by 3%, to USD 2.98 billion compared to the prior year period, while total operating increased by 3% to USD 2.28 billion.
3 August 2022Croatia osiguranje's half-year profits increased by 6% y-o-y to almost EUR 30 million
In the first half of 2022, Croatia osiguranje - one of the largest re/insurance group in Adriatic Region, increased its consolidated net profit by 6% to HRK 222 million (~EUR 29.6 million), as Croatian conglomerate ADRIS Grupa announced on its website, fortifieng "its leading position on Croatian insurance market".
3 August 2022Eurohold sold Avto Union and Eurolease Group
Bulgarian financial holding Eurohold announced it signed a contract for the sale of 100% of the capital of its subsidiaries Avto Union and Eurolease Group to Asterion Bulgaria AD.
3 August 2022SCOR posted H1 net loss worth EUR 239 million following war in Ukraine, COVID-19 and NatCat losses
French reinsurer SCOR reported a net loss of EUR 239 million for the first half of 2022, of which EUR 159 million was incurred in the second quarter, driven by the conflict in Ukraine, impact of climate change and further losses related to the COVID-19 pandemic.
3 August 2022Swiss Re posted H1 net income of USD 157 million
Swiss Re reported a net income of USD 157 million and an ROE of 1.6% for the first half of 2022, compared with a net income of USD 1.0 billion and an ROE of 8.2% for the same period in 2021.
3 August 2022AXA Germany to sell a closed life and pensions portfolio
AXA announced that AXA Germany has entered into an agreement with Athora Deutschland GmbH, a licensed insurer in Germany, to sell a portfolio of EUR 16 billion of life and pensions insurance reserves in Germany.
29 July 2022Generali co-opts Stefano Marsaglia to its BoD
The Board of Directors of Assicurazioni Generali announced the co-optation of Stefano Marsaglia as a member of the Board, following the resignation of Francesco Gaetano Caltagirone.
29 July 2022
