Vienna Insurance Group (VIG) reported today total GWP for 2021 reaching for the first time the EUR 11 billion premium threshold and by 5.5% up y-o-y. VIG results were positive and showed a very good dynamic largely on all business lines and geographies. Profit before taxes went up by almost 50%, to EUR 511.3 million.

In 2021, the Sava Insurance Group generated EUR 732.7 million in operating revenue, up 7.6% year on year, according to unaudited results. "The after-tax profit of EUR 76.2 million is a remarkable 35.1% increase over the previous year and significantly better than planned", as the Slovene re/insurance group mentioned in a statement.

According to unaudited data, the Triglav Group increased its total revenue to EUR 1.46 billion in 2021 (10% growth compared to the previous year) and achieved EUR 132.6 million in profit before tax (46% growth compared to the previous year).

Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (Croatia osiguranje) reported total revenue of HRK 5.73 billion in 2021 (EUR 762 million), which is 20% more compared to the previous year. Consolidated earnings before interest, tax depreciation and amortisation (EBITDA) amount to HRK 1.02 billion, which is 5% less than the figure achieved in pre-pandemic 2019. Net earnings in 2021 amount to HRK 403 million.

Re/insurance broker Aon announced it has acquired actuarial software platform Tyche from technology and software firm RPC Tyche. "The transaction significantly expands Aon's existing capabilities to help re/insurer clients rethink access to capital and make better business decisions".

French insurer AXA has reported a 6% rise y-o-y in FY 2021 revenue to EUR 99.93 billion, supported by growth on all operations.

Thus, in P&C, AXA has reported revenue expansion of 3% y-o-y to EUR 49.3 billion. In commercial lines, revenue increased by 5% to EUR 32.7 billion mainly driven by AXA XL (+3%), mostly from continued favorable price effects (+10%), while Personal lines revenues increased by 1% y-o-y to EUR 16.6 billion, with higher revenues in non-Motor LoBs.

Eurohold -the largest public Bulgarian holding and one of the largest financial and energy groups in Southeast Europe announced record results for 2021. "Eurohold Bulgaria AD, reached all-time highs in 2021, while the group's profitability increased significantly", as the financial holding informed in a statement.

Austrian insurance group UNIQA informed its preliminary earnings for 2021 exceeds expectations. Thus, according to the figures, 2021 earnings before taxes increased almost sevenfold to EUR 382.3 million (2020: EUR 57.1 million), well above the increased target of EUR 330 million to EUR 350 million.

In 2021, German reinsurer Hannover Re announced it transferred altogether 11 catastrophe bonds with a record volume of USD 2.7 billion (previous year: USD 1.6 billion) to the capital market for its clients, "and thereby extended its leading position in the insurance-linked securities (ILS) market".

Swiss Re reported a net income of USD 1.4 billion and an ROE of 5.7% for 2021, considerably rebounding from a net loss of USD 878 million in 2020. The reinsurer mentioned it continued to grow all its businesses, increasing net premiums earned and fee income for the Group by 4.8% compared with the previous year to USD 42.7 billion in 2021.

French reinsurer SCOR posted 2021 gross written premiums of EUR 17,600 million, up by 9.8% at constant exchange rates compared with 2020, as the company informed in a statement announcing that SCOR SE's BoD met on February 23, 2022 and approved the Group's 2021 financial statements.

After a very challenging 2020, extremely impacted by the COVID pandemics, in 2021 CCN Group returned on a growth path, as the company informed in a statement.

Euroins Romania announced a significant reduction in the processing time for the claims following road accidents with only material damages to 7 days in Q4 2021, from the average of 38 days in Q2 2021. Consequently, the number of complaints also decreased substantially, to only 197 out of 14,000 claim files processed.

Members of the Association of Bermuda Insurers and Reinsurers (ABIR) contributed USD 8.5 billion to the Bermudian economy over the decade ended 2020, according to a annual member survey results.

Allianz Global Corporate & Specialty (AGCS) - the global corporate insurance carrier part of Allianz Group, reported YE 2021 GWP of EUR 9.49 billion, up by EUR 174 million vs. 2020 (EUR 9.31 billion).

German insurer Allianz reported FY2021 total revenues of EUR 148.5 billion, up by 5.7% as compared with 2020 (EUR 140.5 billion). At the same time, operating profit jumped by 24.6% to EUR 13.4 billion (12M 2020: EUR 10.8 billion).

Global re/insurance broker Aon announced that the Board of Directors has authorized an additional USD 7.5 billion in share repurchases.

The European Commission has concluded that Hungary's decision to veto the acquisition of the Hungarian subsidiaries of the AEGON Group by Vienna Insurance Group (VIG) breached Article 21 of the EU Merger Regulation (EUMR). Hungary has to withdraw its veto by 18 March 2022.

According to preliminary results, Austrian insurer VIG will exceed its expectations for 2021. Thus, based on consolidated, preliminary and not yet audited figures, premium volume will amount to EUR 11 billion, while profit before taxes will be around 510 million euros and the combined ratio will be 94.1 %.

French reinsurer SCOR announced the completion of a GBP 5.5 billion longevity reinsurance transaction covering liabilities of over 17,000 members of the Lloyds Bank No. 1 Pension Scheme. The transaction protects the trustee of the scheme by transferring the risk that members live longer than expected. SCOR was advised by global law firm CMS and WTW was the adviser to the Trustee for the transaction.