SCOR delivered EUR 233 million net income in Q4 2024, supported by robust performance across all business lines. The P&C combined ratio stood at 83.1%, benefiting from a low natural catastrophe ratio of 6.4% and disciplined reserving. The L&H insurance service result reached EUR 119 million, while investments yielded a solid 3.6% return.
According to the unaudited consolidated reports for 4Q2024, Adris Grupa achieved total consolidated revenue of EUR 1.1 billion, which is 11% more y-o-y, the Group said in its press release.
AXA announced its full year 2024 earnings. Gross written premiums & other revenues reached EUR 110 billion, up +8% y-o-y, the company said in its press release.
Swiss Re reported a net income of USD 3.2 billion in 2024, with a net income of USD 1.1 billion for the fourth quarter and a return on equity (ROE) of 15.0% for the full year. The Board of Directors will propose a dividend of USD 7.35 per share, the company said in its press release.
Allianz announced its 4Q2024 and FY2024 results. In 2024 total business volume increased strongly by 11.2% to EUR 179.8 billion. Adjusted for foreign currency translation and consolidation effects, internal growth was 11.9%. The Life/Health business was the main growth driver, with strong contribution also from the Property-Casualty segment.
In 2024, ERGO paid out EUR 212 million to customers in the Baltic States, of which EUR 56 million in Latvia, EUR 101 million in Lithuania, and EUR 55 million in Estonia, the Latvian Insurers Association (LAA) said in its press release.
Chubb, a world leader in insurance, announced that Ana Robic, Senior Vice President, Chubb Group and currently Division President of Personal Risk Services (PRS), Chubb North America, has been appointed Regional President of Europe, Middle East and Africa, the company said in its press release.
Aviva, one of the UK’s leading Insurance, announced its 2024 results. According to the company’s press release, the Group’s operating profit was up 20% to GBP 1,767 million (vs 2023: GBP 1,467 million).
SCOR announced retirement of René Kunz, Head of Agriculture at SCOR P&C, after nearly 20 years of dedicated service to the role and the Group. He will be succeeded by Vikas Mahajan, effective May 1st, while René will remain at SCOR until July to ensure a smooth transition, the company said.
MetLife, one of the world’s leading financial services companies, announced that Christian Mumenthaler has been elected to its board of directors, effective May 1, 2025.
Swiss Re announced that Kera McDonald, currently Chief Underwriting Officer of Swiss Re Corporate Solutions, is appointed Group Chief Underwriting Officer as of 1 June 2025, subject to regulatory approval.
On 27 February 2025, the PZU SA Supervisory Board adopted a resolution on appointing Andrzej Klesyk to the company's management board, entrusting him with the function of the President of the PZU SA Management Board, subject to approval of the Polish Financial Supervision Authority.
Swiss Re’s commercial insurance arm announced today that Katie McGrath is appointed Chief Underwriting Officer. It also unveiled a new organisational structure to serve corporates and brokers more closely at country level with the introduction of Market Units.
Zurich Insurance Group (Zurich) delivered record results, driven by strong momentum in all areas of the business, with P&C and Life achieving their highest-ever business operating profits and the Farmers Exchanges lowering their combined ratio by 12 percentage points in just one year.
NN Group, an international financial services company, continued strong business performance in 2024. Full-year operating result increased to EUR 2.6 billion; the net result increased to EUR 1.6 billion from EUR 1.2 billion in 2023.
The Dutch insurer Aegon reported second half year 2024 results. Net profit was EUR 741 million. Operating result was EUR 776 million, up 14% compared with the second half of 2023, the company said in its press release.
American International Group (AIG) announced that Juan Perez, Executive Vice President and Chief Information Officer (CIO) of Salesforce, has been elected to its Board of Directors as an independent Director, effective immediately.
VIG Re appoints Hong-Wha Ling to the newly created role of Chief People Officer, underscoring its commitment to talent development and strategic growth. The creation of the Chief People Officer role reflects the evolving nature of People Management within VIG Re.