Results – Page 6
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AnalysisBriefing: Russia-Ukraine conflict takes toll on insurers’ half-year results
Insurers are preparing for further losses as Russia continues to hold on to leased planes
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NewsThe Ardonagh Group posts 170% increase in pro forma losses for H1 2022
The group also recorded a 21% increase in its adjusted ebitda for the reporting period, reaching a figure of £186m
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NewsProbitas’ Syndicate 1492 achieves COR of 78.5% in H1 2022
The Lloyds syndicate also grew its underwriting profit by 86% from the equivalent period last year
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NewsAgeas posts COR of 94.9% for its GI portfolio during H1 2022
The insurer’s chief executive called this an ’exceptionally strong’ result and confirmed an interim dividend of £1.26 per share to shareholders
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NewsZurich’s P&C business reports record COR of 91.9% for H1 2022
The insurer attributed its record combined operating ratio to underwriting profitability
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NewsAzur acquisition set to make Aviva a one-stop-shop for its SME customers
Once the MGA has been integrated into Aviva, its boosted private clients division will be targeting ‘strong organic growth’ to help it achieve the ‘number one position’ in the HNW market, says UKGI boss
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NewsBoosted eTrading proposition is key driver of Aviva’s H1 12% commercial lines growth
UKGI chief executive explains that the insurer is ‘really mindful of acting on broker feedback’
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NewsAviva takes ‘active’ approach to inflation in personal lines
Inflation is ‘not a surprise’, so the insurer has adopted a ‘cautious and prudent’ strategy to mitigate ramifications for brokers and consumers, says leadership
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NewsCatch up on insurers’ half-year financial results for 2022
In July and August, insurers operating in the UKGI market have been publishing their half-year financial results for the first six months of 2022. Get the story on insurers’ balance sheets and factors driving the figures here…
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NewsAdmiral Group sees COR rise to 96.7% for H1 2022 as inflation squeezes profitability
The insurer is ‘happy’ with its progress during the first half of the year, against the ‘backdrop of a more turbulent cycle than usual’, says chief executive
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NewsAviva plans 2022 year-end share buyback programme
Group chief executive emphasises that any return of capital to shareholders must be ‘sustainable’ and ‘regular’
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NewsAmanda Blanc: Aviva is ‘not in any way vulnerable’
Following the ‘seismic move’ to divest non-UK, Ireland and Canada-based businesses, group chief executive confirms that Aviva has a ‘strength and performance that we didn’t have before’
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NewsAviva’s COR for UK and Ireland GI business worsens to 95.6% for 2022’s H1
The insurer attributes profitability dip to post-pandemic claims uptick and the occurrence of more severe weather events
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IT InterviewColm Holmes: ‘Strong relationships’ with brokers is ‘a core part of our strategy’
Chief executive believes half-year growth in 2022 secures firm’s status as ‘the number one P&C insurer in the UK’
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NewsRates ‘will need to increase’ to accommodate high inflation – Allianz Holdings
Amid predicted inflation increases and an impending recession, insurer boss has fears around underinsurance and incorrect indexation in the commercial market
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NewsPIB Group records 78% increase in adjusted ebitda for 2021
The intermediary consolidation business also grew its revenue by 52% over the course of last year
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NewsAllianz Holdings’ operating profit falls 42% in H1 2022 due to motor uptick, inflation and storms
The insurer’s COR has also worsened, despite the business growing its total revenue by 5% in the first six months of the year and commercial lines GWP improving by 10%
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NewsAxa XL records 6% dip in H1 2022 revenue after cutting natural catastrophe reinsurance exposure
Insurer chief executive notes that the subsidiary still has the ability ‘to generate earnings totally in line with our objectives’
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NewsAxa’s UK and Ireland P&C revenue grows by 3% in H1 2022
The insurer’s group deputy chief executive additionally outlines two ‘headwinds’ impacting Axa’s group-wide P&C COR of 93.7%
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NewsHiscox results reflect mixed bag for H1 2022
The insurer’s underwriting result improved by 23.4%, despite conflict and nat cat driven losses
