Q2 2022 results News
Q2 Commercial P/C Premiums Up 6.1%: CIAB
The second quarter of 2022 marked a full five years of premium increases across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and ...
Zurich Reports 25% Increase in H1 Operating Profit, Beating Expectations
Zurich Insurance Group reported a better-than-expected 25 percent rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ...
AIG Exceeds Profit Estimates on Strong Underwriting Gains
American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns. Net premiums written in the ...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio
Munich Re's profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a volatile quarter for financial markets. The Munich-based company wrote down the value of ...
Lemonade Records Another Q2 Loss, Changes Pace for Profitability
InsurTech Lemonade said it booked a second-quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year, but in a letter to shareholders the company ...
Berkshire Hathaway Reports $43.8 Billion Loss as Stock Holdings Tumble
The slide in U.S. stock prices punished Berkshire Hathaway Inc.'s bottom-line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. ...
Liberty Mutual Records Net Loss of $343 Million in Q2
Liberty Mutual Holding Co. said it recorded a second-quarter net loss of about $343 million compared with net income of nearly $770 million during the same period a year ago. CEO David H. Long said ...
Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss
Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate booked a net loss of $1.04 billion in the second ...