Q2 2019 results News
New Aviva CEO Starts Turnaround Efforts; Asia Unit’s Options Still on Table
Aviva Plc confirmed it's examining options for its Asian business as new Chief Executive Officer Maurice Tulloch's turnaround of the U.K.'s only insurance conglomerate takes shape. The firm confirmed ...
Zurich Insurance Ends Revamp Ahead of Schedule, With Goals Complete
Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of ...
Updated: AIG’s General Insurance Unit Turns a Profit for the Second Quarter in a Row
American International Group (AIG) President and CEO Brian Duperreault has insisted that the insurer's General Insurance unit will produce an underwriting profit for all of 2019, after a decade of ...
For Munich Re, Claims Decline and Net Profit Soars
German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019. Net profit was 993 million ...
Kemper’s 2018 Infinity Acquisition Is the Gift That Keeps on Giving
Kemper Corp.'s produced mostly stellar 2019 second-quarter results, highlighted by a continued boost from its July 2018 $1.3 billion acquisition of specialty auto insurer Infinity Property and ...
Argo Group’s Net Income Drops and Combined Ratio Climbs
Argo Group International Holdings Ltd. reported a drop in net income and a spike in its Q2 2019 combined ratio, due to overseas and higher catastrophe losses. At the same time, rate increases helped ...
Higher Claims Dampen Berkshire Hathaway’s Insurance Underwriting Profit
Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the ...
The Hartford Sees Drop in Net Income After Absorbing Navigators Acquisition Costs
The Hartford saw its net income plunge and its commercial lines combined ratio spike during the 2019 second quarter, due in part to costs associated with its $2.1 billion acquisition of specialty ...