2020 earnings News
Generali Hit by Coronavirus Costs, but Upbeat About 2021
Generali is confident it can hit its targets this year after Italy's biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating ...
Hiscox Loses Money From Virus Claims; Cites ‘Brand Damage’ From Court Case
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces "brand damage" from a legal dispute over policy wordings ...
Munich Re’s 2020 Profit Plunges 55%, Spurred by COVID Claims
Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55 percent decline from the €2.71 billion (US$3.29 billion) reported for the previous year. The reinsurer's Q4 2020 ...
QBE Full-Year 2020 Loss Is $1.5B; No Dividend
QBE officially announced a $1.5 billion bottom-line net loss for 2020 late last week, confirming a figure the Australia-based insurance group preannounced in late mid-December. The result represents ...
Swiss Re Posts $878M 2020 Loss, Much Larger Than Expected
Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects ...
Zurich Insurance’s Capital Target Disappoints; Full-Year Profit Beats Expectations
Zurich Insurance's new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher losses from natural catastrophes bit less than expected ...