profits
Allianz bank unit to be closed later this year
after the business has consistently failed to live up to expectations since it was set up in 2009.
Allianz said in a statement that it...
Allianz : profits up seven-fold in third quarter
German insurance giant Allianz announced that net profit soared nearly seven-fold in the third quarter, because year-earlier figures had been hit by heavy writedowns...
AIG : US Federal Reserve nets $17.7 billion profit from AIG bailout
The US Federal Reserve said Thursday it had sold the last of its investment in insurer AIG, turning a $17.7 billion profit for the...
Hannover Re : confident for 2012 after ‘pleasing’ first half
German reinsurance giant Hannover Re said it was anticipating "good results" for 2012 after a "very pleasing" first six months.
"In view of the...
Munich Re : raises profit forecast for 2012 after a strong second quarter
Munich Re, the world's largest reinsurer, said Tuesday it was raising its profit forecast for 2012 after a better-than-expected second quarter.
"We are well...
Allianz : profits soar 60%
German insurance giant Allianz on Tuesday said its net profits soared by 60 per cent in the first quarter of 2012 and confirmed its...
Munich Re : sees ‘gratifying’ first quarter
Munich Re said Thursday it expects first-quarter profits to be "gratifying" amid a calmer situation on the financial markets and fewer losses than last...
Generali : shares drop after profit plunge
Shares in Italian insurer Generali, a leading European insurance group, dropped almost 3.0 percent on the Milan stock exchange, after the company posted a...
Prudential : Asian insurance demand lifts Prudential profits
Britain's biggest insurer Prudential on Tuesday announced a small rise in annual net profits to £1.49 billion on strong Asian demand and posted a...
Hannover Re : profits down in 2011
German reinsurance giant Hannover Re said Wednesday it was optimistic with regard to the outlook for the current year after a string of natural...
Munich Re : profits up more than threefold in 2012
Munich Re, the world's leading reinsurer, said Tuesday it is projecting a threefold increase in profits this year to around 2.5 billion euros ($3.3...
AIA : announces business results for 2011
AIA Group Limited announces record new business results for the year ended 30 November 2011. The highlights are:
- 40 per cent increase in Value...
RDT : celebrates 20th anniversary and reports 36 per cent growth
RDT, market leading supplier of packaged insurance systems and rating engine software, is delighted to report a 36 per cent year-on-year growth in turnover...
Aviva : profits tumble 89%
British insurer Aviva announced that net profits slumped 89 per cent in the first half on exceptional charges, but its underlying earnings rose and...
Barclays bank first-half net profit slides 38% to £1.5 bln
British bank Barclays announced its first half net profit slid 38 per cent as investment division revenues fell and after it set aside £1.0...
Bennetts : season starts with an increase in sales
Bennetts has achieved a record breaking start to the 2011 season with a 31 per cent increase in sales year on year. In addition,...
Aviva : falling sales for first quarter
British insurer Aviva said Tuesday that sales dipped by almost 14 percent in the first quarter, as the group moved away from selling less...
Standard Life Investments : this year will see a robust profits cycle
Standard Life Investments predicts that this year will see a robust profits cycle despite event risks, policy tightening and regulatory headwinds which will periodically...
Insurance market Lloyd’s 2010 profits tumble
The Lloyd's of London insurance market said Wednesday that profits sank last year due to major claims arising from earthquakes in Chile and New...
Swiss Re profits soar 74%
Swiss Re announced its 2010 net profit soared 74 percent to $863 million (635 million euros) but it still fell well short of analyst...
