For the first half of 2010, consolidated gross revenues of AXA Group reached EUR49,925m, up 3% compared to first half year 2009. Total life/savings gross revenues were up 3% to EUR30,881m and property/casualty gross revenues were up 3% to EUR15,394m. The international insurance revenues were up 2% to EUR1,762m or remained stable on a comparable basis mainly driven by AXA Corporate Solutions Assurance (down 1% to EUR1,271m) and AXA Assistance up 5% to EUR392m. Asset management revenues increased by 11% to EUR1,670m and net banking revenues were up 12% to EUR218m.

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From January to June 2010, total premium income across all segments was up by 7.5% to EUR10.4bn (EUR9.7bn). Gross premiums written in accordance with IFRS, i.e. excluding savings premiums of unit-linked and capitalization products, rose by 5.4% to EUR9.4bn (EUR8.9bn). Increases were recorded in all segments but most especially in International which recorded growth of 14.7% (total premium income) and 14.6% (gross written premiums). Here, compared with the same period last year, positive developments in exchange rates were also evident in major international markets such as Poland and Turkey. Total premium income from Germany and abroad would have risen by 6.7% if adjusted to take into account the impact of exchange rates.

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EUREKO ended the first half of 2010 with a good net profit of EUR864m, a significant increase compared to the figure of EUR115m for the same period last year. The settlement with the Polish government in respect of insurer Powszechny Zaklad Ubezpieczen S.A. (PZU S.A.) was a major factor in this increase. Gross written premiums increased modestly to EUR10.7 billion (1H/2009: EUR10.5 billion).

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In a first half affected by continuing economic uncertainty and high volatility on the financial markets, the GENERALI Group confirmed the growth trend of recent quarters, closing the first six months of 2010 with significant growth in both production and net profit.
First-half net profit was EUR873m (+73.2%; EUR504m at June 30, 2009). A key factor was the strong improvement in the Life operating result to EUR1.6bn (+23.5%), the best half-year result in the Life segment for the past three years, bringing the total operating result to EUR2.2bn (+14.5%; EUR1.9bn at June 30, 2009).

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As at June 30, 2010, the consolidated premium income of GROUPAMA S.A. was up 3.4% to EUR8.6bn (on a like-for-like basis, it rose 4.4%). Consolidated premium income for the insurance business rose 3.6% to EUR8.5bn (growth was 4.6% on a like-for-like basis). Life and health premium income grew 3.3% on a reported basis and 5.6% on a like-for-like basis. Property and casualty premium income was up 3.8% on a reported basis figures and up 3.6% on a like-for-like basis.

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The net result for the first six months of the 2010 financial year amounted to EUR591m (a year earlier, the same indicator was EUR-3.3bn). In 1H/2010, gross earned insurance premiums stood at EUR2,392m, down 7% on the year-earlier figure. Net of technical charges and the ceded reinsurance result, technical insurance income came to EUR147m. The claims level continued to be high during first half of 2010 because of factors such as Xynthia storm and flooding in Central Europe.

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Poland's largest insurer, PZU (Powszechny Zaklad Ubezpieczen) said that consolidated net profit fell by 49% in the first half of the year due to a weaker investment result and flood-related claims. PZU posted consolidated net profit of EUR300m, down from EUR580m a year earlier.
For the full year, the insurer's net profit will be at least EUR250m (PLN1bn) lower than last year's figure of EUR950m, the company's CEO, Andrzej KLESYK, stated.

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In the first half of 2010, TRIGLAV Group operations have been affected by economic crisis. In this sense, the consolidated results were affected by declines in the motor insurance segment and in the segment of life insurance, because of lower activity of the economy and increases in unemployment.

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ROSGOSSTRAKH is the largest insurance company in Russia. ROSGOSSTRAKH has been around for over 88 years. With more than 25 million private and 250,000 corporate clients from all over the country, 3,000 regional offices and 400 claim centers, the company strives to provide a full range of high-quality insurance products from popular motor policies to insurance of domestic animals and spacecraft. ROSGOSSTRAKH offers more than 50 different types of insurance to cover individuals and businesses.

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For the first half of 2010, net result for ING Insurance totaled EUR112m.
Also, ING Insurance posted an underlying net result of EUR186m in the first six months of 2010, up from EUR-609m in the same period last year, as market conditions improved and the volume growth in insurance remained healthy.
Insurance results were impacted by the sharp decline in equity markets in the second quarter of 2010. ING Insurance's underlying result before tax increased to EUR220m from EUR-684m in the first six months of 2009.

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In 1H/2010, the Group's written premiums increased by 9.2% to EUR3,226m. Across the Group, the strongest growth in the first half-year was achieved in life insurance (written premiums increased by 15.5%, to EUR1,312m). The volume of premiums in property and casualty insurance was increased by 5.7%, to EUR1,419m, and in health insurance by 4.2%, to EUR495m. The UNIQA Group's investment portfolio stood at EUR23,732m at the half-year point, which is 9.0% above the figure at June 30, 2009. Net earnings from investments were up 36.7% over the first half-year of 2009 to EUR457m, as financial markets stabilised. The profit on ordinary activities has been doubled by comparison with the first six-month figure for 2009, to EUR71m (100.3%).

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With GWP totaling EUR4.6bn in the first six months of 2010, VIENNA Insurance Group achieved a plus of 7.9% compared to the same period of the previous year. Also, the Group profit amounted to EUR255.6m. Despite the natural disasters, a remarkable growth of 11.0 percent was achieved. In the first half of 2010, the combined ratio was 98.3% due to the natural disasters of the current year. The damages produced by these events (before reinsurance) - in particular in Austria, the Czech Republic, Poland and Romania - caused total expenses of about EUR100m. The financial result totaled EUR646.6m and the investments amounted to EUR26.8bn as at June 30, 2010 (3.6% more compared to the year-end level of 2009).

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The preliminary data for the first 6 months of 2010 show the consolidated insurance premium collected by the companies of the INGO Group totaled EUR688.7m according to IFRS, which was 2.7% more than the EUR670.9m collected in premiums in the same period of 2009.
The fall in earnings resulted from the company pursuing a conservative approach towards risks. While the insurance market is still affected by under pricing in the majority of insurance sectors the company still employs a very strict approach to underwriting and very carefully selects risks. Another factor that contributed to the fall in total premiums was the loss by the INGO Group of SOFAG in the fourth quarter of 2009.

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Although the main focus of MILLI Re is to develop its business in countries from the Middle East and the Far East, the company has extended its activity in Eastern Europe, where it plans to get more involved over the next 5 years. "3 years ago, our business from abroad generated about 5% of our income, whereas now the figure is close to 20% and we expect the trend to continue", said Hulki YALCIN, General Manager, MILLI Re, in an exclusive interview for XPRIMM TV, at the National Insurance Conference in Istanbul.

EASTERN Re, is one of the most important reinsurance company in Russia that currently sees Ukraine as the most important market in the Eastern Europe.
The Russian reinsurance companies consider this to have a great business potential due to the large number of figures in the insurance industry (over 400 companies), as well as the area close to Ukraine, according to the Russian historical perspective.

According to preliminary data for the first six months of 2010, the consolidated insurance premium collected by the companies of the INGO Group totalized RUR 26.3 billion (EUR 670 million) according to IFRS, which was 11% less, in national currency, than the RUR 29.4 billion (EUR 750 million) collected in premiums in the same period of 2009. Consolidated net profit for the first half of the year was RUR 1.3 billion (EUR 30 million).

Poland's largest insurer, PZU (Powszechny Zaklad Ubezpieczen) said that consolidated net profit fell by 49% in the first half of the year due to a weaker investment result and flood-related claims. PZU posted consolidated net profit of EUR 300 million, down from EUR 580 million a year earlier.
For the full year, the insurer's net profit will be at least EUR 250 million (PLN 1 billion) lower than last year's figure of EUR 950 million, the company's CEO, Andrzej KLESYK stated.

In the CEE markets, the VIENNA Insurance Group companies reported premiums written in property/casualty insurance of a total of EUR 1.4 bn., representing a 2 percent increase, while in the life insurance segment it registered a substantial growth of 16.1 percent, increasing premiums written to EUR 728.4 million.

German group ALLIANZ have wrote premiums of EUR 2 billion in Central and Eastern Europe (CEE), an increase by 5% compared to 1h/2009. When adjusted for currency effects, premiums dropped by 1 percent. Operating profit in the first half year amounted to EUR 100 million, corresponding to a 37% decrease compared to the first six months of 2009. On an adjusted basis, operating profit dropped by 39 percent.

According to the results of 2009, the consolidated insurance premiums paid to Russian INGO group amounted to RUR 52.7 billion, compared to 51.5 for the same period of previous year (2.4% growth compared to 2008).