Results – InsuranceAsia News https://insuranceasianews.com/industry_segments/results/ Fri, 19 Dec 2025 04:15:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Hong Kong non-life carriers show sustained underwriting profitability: AM Best https://insuranceasianews.com/hong-kong-non-life-carriers-show-sustained-underwriting-profitability-am-best/ Fri, 19 Dec 2025 04:15:01 +0000 https://insuranceasianews.com/?p=207389 Industry reported US$13bn in GWP and US$1bn in underwriting profit in 2024.

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Hong Kong’s non-life insurance industry has shown an ability to sustain profitable underwriting between 2020 and 2024, which was supported by the performance in the general liability and property dama...

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]]> Nat cat insured losses reach US$107bn, driven by LA wildfires and severe convective storms https://insuranceasianews.com/nat-cat-insured-losses-reach-us107bn-driven-by-la-wildfires-and-severe-convective-storms/ Tue, 16 Dec 2025 11:44:02 +0000 https://insuranceasianews.com/?p=207099 With losses at US$89bn, the US is again the most affected market in 2025, Swiss Re Institute says.

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Insured losses from natural catastrophe again have surpassed the US$100 billion mark in 2025 for the sixth consecutive year, mainly driven by the unprecedented Los Angeles wildfire loss record in the ...

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]]> Kiwi insurer Tower posts ‘exceptional’ FY25 results https://insuranceasianews.com/kiwi-insurer-tower-posts-exceptional-fy25-results/ Thu, 27 Nov 2025 04:54:25 +0000 https://insuranceasianews.com/?p=205506 Tower benefits from low natural catastrophe losses to post a record underlying net profit after tax (NPAT) of NZ$107.2 million (US$61.35 million).

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Kiwi insurer Tower said that it made a record underlying net profit after tax (NPAT) of NZ$107.2 million (US$61.35 million) in FY25, which finished at the end of September, and a reported profit of NZ...

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]]> Sompo P&C’s adjusted profit rises 50% to US$1.5bn https://insuranceasianews.com/sompo-pcs-adjusted-profit-rises-50-to-us1-5bn/ Wed, 19 Nov 2025 09:56:50 +0000 https://insuranceasianews.com/?p=204895 Improved performance mainly driven by lower nat cat costs and profit improvement in domestic P&C.

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Adjusted consolidated profit of Sompo P&C for the first half of the financial year rose 50% to JPY226.6 billion (US$1.5 billion) in the mentioned period, mainly due to lower nat cat losses and pro...

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]]> Tokio Marine posts strong H1 domestic non-life underwriting performance, overseas results hit by forex losses https://insuranceasianews.com/tokio-marine-posts-strong-h1-domestic-non-life-underwriting-performance-overseas-results-hit-by-forex-losses/ Wed, 19 Nov 2025 09:38:03 +0000 https://insuranceasianews.com/?p=204918 Results driven by a decrease in nat cat losses and rate increases for Japan P&C, as well as a strong underwriting performance for the international business.

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Tokio Marine’s group total non-life NWP for the first half of the financial year was flat at JPY2.68 trillion (US$17.2 billion), compared with JPY2.69 trillion a year ago, due to a decline in overseas...

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]]> GIC Re trims H1 FY26 underwriting loss by 45.5% to US$1.46bn, COR down to 107.7%. https://insuranceasianews.com/gic-re-pares-h1-fy26-underwriting-loss-by-45-5-to-us1-46bn-cor-down-to-107-7/ Sun, 16 Nov 2025 22:59:57 +0000 https://insuranceasianews.com/?p=204651 State-owned reinsurer's GWP was up by 5.6% in the first half, and it plans to expand its Lloyd's syndicate in pursuit of a larger share of international business.

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Indian state-owned reinsurer GIC Re has narrowed its underwriting loss by 45.5% in H1 FY2026 to INR12.95 billion (US$1.46 billion) from INR23.77 billion a year earlier.
The reinsurer’s combined ratio ...

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]]> Hannover Re reports US$105m Myanmar earthquake losses https://insuranceasianews.com/hannover-re-reports-us105m-myanmar-earthquake-losses/ Mon, 10 Nov 2025 07:44:22 +0000 https://insuranceasianews.com/?p=204231 March quake that also hit Thailand is the reinsurer’s second largest net individual loss in the first nine months of the year.

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Hannover Re has reported EUR91 million (US$105 million) in losses from March's earthquake in Myanmar, which also affected Thailand.
It is the reinsurer’s second-largest net individual loss in the firs...

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]]> Taiwan’s new solvency regime seen posing limited risk to insurers: AM Best https://insuranceasianews.com/taiwans-new-solvency-regime-seen-posing-limited-risk-to-insurers-am-best/ Sun, 02 Nov 2025 07:25:46 +0000 https://insuranceasianews.com/?p=203317 Non-life insurance segment maintains its stable outlook driven by healthy operating profitability in 2024 and regulatory initiatives that support improvements in underwriting.

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Taiwan’s non-life insurers are unlikely to face solvency pressure under the island’s upcoming risk-based capital regime, even as they prepare to adopt the new Taiwan-localised Insurance Capital Standa...

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]]> Axa Tianping P&C handed rating upgrade as portfolio rejig, parent support strengthen performance https://insuranceasianews.com/portfolio-rejig-parent-support-to-strengthen-axa-tianping-pc-sp-global/ Mon, 27 Oct 2025 10:30:24 +0000 https://insuranceasianews.com/?p=202959 S&P Global raised Axa Tianping’s financial strength and long-term issuer credit ratings to ‘A’ from ‘A-’, with a stable outlook.

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Axa Tianping Property & Casualty Insurance’s portfolio restructuring and continued parental backing from France’s Axa are expected to strengthen its capital position and support business expansion...

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]]> Hong Kong insurers’ H1 GWP at US$7.5bn, underwriting profit at US$180m: HKIA https://insuranceasianews.com/hong-kong-insurers-h1-overall-gwp-at-us7-5bn-underwriting-profit-at-us180m-hkia/ Mon, 27 Oct 2025 05:16:52 +0000 https://insuranceasianews.com/?p=202916 The industry reported gross claims of US$3.3bn, while overall operating profit stood at US$840m, the regulator said.

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Gross and net premium of general insurance business, including reinsurance inward business, rose to HK$58.4 billion (US$7.5 billion) and HK$39.9 billion respectively, according to provisional statisti...

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