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 CROATIA
Osiguranje, 3Q2012: Net profit up 32%
by vlad.boldijar@mxp.ro, 2012-11-21
The net profit reported by CROATIA Osiguranje Group for the first
nine months of 2012 amounted to HRK 113 million (EUR 15.2 million)
which is an increase of 32% compared to 3Q2011. For the same period,
the value of gross written premium amounted to HRK 2.53 billion (EUR
340 million), reporting a decrease of 3.2%. The non-life GWP decreased
by 3.6% to HRK 2.25 billion (EUR 302 million), while the life GWP
totaled HRK 280.6 million or EUR 38 million (0.3% more), according
to the Unaudited Consolidated Financial Statements published by the
company.
 More
 GENERALI:
Relevant contribution of the CEE markets to the group's growth
by daniela.ghetu@mxp.ro, 2012-11-21
CEE markets accounted for about 6% of the aggregated gross premium
of EUR 50.94 billion written by the GENERALI subsidiaries in 3Q2012.
In terms of profitability, the CEE contribution to the total EUR
3.3 billion operating result (+9.4% y-o-y) was of about 9.5%. Commenting
upon the overall Group's achievements in the first nine months of
2012, GENERALI Group CEO Mario GRECO said that the Italian insurer
expects for the end of 2012 "a
result in excess of € 4 billion, in line with the previously announced
target."
More
 KBC
Group, 3Q2012: Net profit jumped to EUR 1.23 billion
by vlad.boldijar@mxp.ro, 2012-11-21
KBC Group posted an IFRS-based net profit of EUR 531 million for
the third quarter of 2012 against a net loss of EUR 539 million in
the previous quarter and a net loss of EUR 1.58 billion in Q3 2011.
For the first nine months of 2012, the same indicator was EUR 372
million, compared to EUR-424 million for January-September 2011.
Excluding all exceptional and non-operating items, KBC ended the
third quarter of 2012 with an underlying net profit of EUR 406 million,
while for the first nine months, the value amounted to EUR 1.23 billion.
More
 MARSH & MCLENNAN
posts strong Q3 income
by vlad.boldijar@mxp.ro, 2012-11-21
MARSH & MCLENNAN companies reported consolidated
revenue in the third quarter of 2012 of USD 2.8 billion, representing
an increase of 1% compared the third quarter of 2011. Operating income
rose 22% to USD 378 million, while the income from continuing operations
was USD 246 million, compared with USD 133 million in Q3 2011.
More
 ZURICH
Insurance Group: Q3 net profit down 62%
by vlad.boldijar@mxp.ro, 2012-11-21
Swiss ZURICH Insurance Group posted third-quarter net income of USD
477 million, 62% less than last year's USD 1.24 billion, while its
business operating profit fell to USD 733 million from USD 1.12 billion
in Q3 2011. At the same time, the company reported for January-September
2012 a net profit of USD 2.7 billion, down 16% compared with the
previous year, while the business operating profit was USD 3.2 billion,
unchanged compared with prior year.
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