2021 financial results Archives - Carrier Management

P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion

Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C ...

AIG Returns to Profit on Improved P/C Insurance Underwriting, Lower Catastrophes

Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business. After reporting a net loss of $60 ...

Zurich Insurance Reports 35% Increase in 2021 Operating Profit to $5.7B

Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the ...

CNA Net Income Up 74% in 2021 Despite Q4 Drop

CNA Financial Corp. said fourth-quarter 2021 net income decreased more than 30 percent to $266 million compared to the same period the prior year. There was a drop in net investment income during the ...

AXA 1st Half Net Income Up 180%; XL Unit Swings to Profit

AXA posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in pandemic-related claims that led to a 1.5 billion euro ($1.8 billion) charge last year. ...

How Reinsurers’ Results Rebounded in First Half 2021 from 2020

The first half financial results reported by a group of six reinsurers over the past week generally show a strong return to profits after last year's challenging market conditions. A wrap-up of these ...

CNA Finished Strong in Q2 After Ransomware Attack

CNA Financial Corp. (CNA) announced second quarter 2021 net income of $368 million versus $151 million in the prior year quarter. The quarter saw improvement in the underlying combined ratio, very ...