In 2024, China's insurance asset management sector extended the growth trajectory it had regained in the previous year, with both revenue and profits accelerating. According to compiled data, the country's 34 insurance asset management firms generated a combined revenue of CNY41.6bn ($5.75bn), up 14.4% year on year. Aggregate net profit rose by 18.07% to CNY18.35bn.
Intensifying geopolitical rivalries, policy uncertainty and competition for critical minerals are reshaping the risk landscape as well as driving demand for protection, according to a new report by Howden.
Generali has announced its first quarter 2025 financial results, reporting strong growth in operating result in all business segments.
Listed GCC insurers saw overall earnings decline in 1Q2025, with net profits slipping by 1.4% to $628m from $637m in 1Q2024, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Dubai Insurance Company (DIN), among the top five insurers in the UAE in terms of insurance revenue and net profit, has a track record of strong operating performance supported by robust underwriting results and steady investment income, says AM Best.
Tokio Marine Group's full year adjusted net income for FY2024 amounted to JPY1.1tn ($7.4bn), a 56% increase from FY2023 (JPY685.5bn).
Fitch Ratings has revised the outlook on Oman Reinsurance Company's Insurer Financial Strength (IFS) Rating to 'Positive' from 'Stable' and affirmed the IFS rating at 'BBB-'.
Dusseldorf-headquartered international multiline reinsurer, Deutsche Rück Group, further expanded its business in the 2024 financial year while simultaneously strengthening its financial position, the group said in a statement released yesterday.
Fitch Ratings has placed five Taiwanese life insurers under review for potential downgrades, following significant balance sheet pressures caused by a sharp appreciation of the Taiwan dollar in early-May.
Zambia Reinsurance has posted an 83% surge in net profit to ZMW28.5m ($1.05m) in the financial year ended 31 December 2024, compared to 2023, according to the company's financial statements lodged with the Lusaka bourse. The increase was achieved on the back of strong revenue growth, investment income and exchange gains.