News - Re/Insurance groups


VIG Re, 1Q2020: Net earned premiums climbed 35.7% y-o-y

VIG Re, part of the Austrian Vienna Insurance Group, ended the first three months of 2020 with a net profit of EUR 2.4 million, -42.5% lower y-o-y, impacted, as most reinsurers, by the effects of COVID-19 crisis on the financial markets and a higher volume of claims.




GENERALI actions against COVID-19 in the ACEER Region

Italian insurer GENERALI announced that all its subsidiaries in ACEER Region (Austria, CEE & Russia Region) tooked part in different initiatives to help the clients and communities overcome the coronavirus crisis. Thus, GENERALI pubished an overview of actions being taken by its subsidiaries in the Austria, CEE & Russia Region. "It covers different initiatives which have been developed to assist our clients and communities".

Irene DORNER is appointed Chairwoman of AXA's Audit Committee

Following the death of Stefan LIPPE - AXA Director since 2012 and former Chief Executive Officer of the Swiss Re Group, Director of the Company and Chairman of the Audit Committee, AXA's Board of Directors, upon recommendation of its Compensation & Governance Committee, decided to designate Irene DORNER, director of the Company and member of the Audit Committee since April 2016, as Chairwoman of the Audit Committee. Irene DORNER should remain Chairwoman for approximately a year.

PartnerRe, 1Q2020: Net premiums earned increased 13% y-o-y

For the first three months of 2020, PartnerRe reported a net loss attributable to common shareholder of USD 433 million. This compared to a net income available to common shareholder of USD 497 million in the first quarter of 2019.


Zurich, 1Q2020: P&C business grew 7% while Life insurance shrunk 10%

Since the onset of the health emergency, Zurich has delivered on its commitment to customers. The Group is providing additional financial relief through premium rebates, payment holidays and extensions of coverage. Customer interactions have been simplified by creating or expanding options to report claims by video, sign documents electronically or request remote risk assessments. The Group's additional measures to support customers and its commitments to communities totaled more than USD 90 million in the first quarter.

Allianz, 1Q2020: Net income affected by COVID-19-related market impacts

Net income attributable to shareholders decreased 28.9% to EUR 1.4 billion (1Q2019: 2.0) mostly driven by the lower operating profit. Operating profit declined 22.2% to EUR 2.3 billion (1Q2019: 3.0). The non-operating result also worsened as realized gains from the sale of Allianz Popular were more than offset by COVID-19-related market impacts. A lower tax rate had a partly offsetting effect.

CROATIA: GENERALI completed the acquisition of IZVOR osiguranje business

GENERALI CEE Holding announced it officially expanded on Croatian insurance market finalising the acquiring of the business of local non-life insurer IZVOR osiguranje. Thus, "all rights and obligations under the insurance contracts of IZVOR osiguranje were transferred to GENERALI osiguranje as the new insurer".

CROATIA's osiguranje Q1 profits expanded by 28% y-o-y

In the first quarter of 2020, Croatia osiguranje recorded consolidated net profit amounting to HRK 119 million (~EUR 15 million), which represents a 28% growth y-o-y, as announced in a statement ADRIS Grupa - the CROATIA's osiguranje shareholder with businesses in tourism, real estate, tobacco and food industry.


MetLife, 1Q2020: Net income went up to EUR 4.4 billion

Net income was USD 4.4 billion, compared to net income of USD 1.3 billion in the first quarter of 2019. On a per share basis, net income was USD 4.75, compared to net income of USD 1.40 in the prior-year period.


Aegon, 1Q2020: Net income reached EUR 1.3 billion

Aegon ended the first three months of 2020 with a net income of EUR 1,270 million, reflecting fair value gains of EUR 1,372 million, driven by a reduction in the valuation of the liabilities in the Netherlands, reflecting wider credit spreads.

Everest Re, 1Q2020: net income reached EUR 17 million

For the first three months of 2020, Everest Re Group reported a net income of USD 16.6 million, much lower, but positive, compared to the net income of USD 354.6 million for the same period of 2019. After-tax operating income for the quarter was USD 164.4 million, compared to after-tax operating income of USD 282.4 million for the same period in 2019.