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Financial Performance tag returned 205 results

  • Morocco: Insurance mart sees profit jump by 20% on 11% increase in premiums in 2017

    Insurers in Morocca in 2017 achieved MAD38.7bn ($4.05bn) in premiums, 10.9% higher compared to 2016, according to a report issued by the central bank, Bank Al-Maghrib, in partnership with the Moroccan Capital Market Authority and the Insurance and Social Insurance Supervisory Authority (ACAPS).

    Middle East | 15 Aug 2018
  • UAE: 190% increase in 1H net profit for Watania

    Watania Takaful Company, one of the leading insurance companies in the UAE, has announced a net profit of AED7.8m ($2.1) for the first half of this year, 189% higher compared to AED2.7m in the corresponding period last year.

    Middle East | 15 Aug 2018
  • Algeria: National Insurance Co increases 2017 profits despite premium dip

    State-owned National Insurance Company (SAA or Société Nationale d'Assurance ) has realised a profit of DZD3.25bn ($27.3m) in 2017, an increase of 4% over 2016, the insurer said in a statement.

    Middle East | 14 Aug 2018
  • Singapore: Life records 20% growth in new business for 1H2018

    Singapore's life industry recorded a 20% increase in total weighted new business premiums in the first half of this year (1H2018) to S$2.02bn ($1.47bn).

    Asia | 14 Aug 2018
  • Bahrain: Leading insurer posts gains of US$4.5m for first half

    A leading insurer, Bahrain Kuwaiti Insurance Company (BKIC), has reported an increase in profits of around 50% for the first half of this year to BHD1.7m ($4.5m) from BHD1.1m in the corresponding period of 2017.

    Middle East | 13 Aug 2018
  • Bahrain: Takaful International posts 75% jump in 1H profits

    Takaful International Company has chalked up a profit of BHD533,000 ($1.4m) for the first six months of this year, 75% higher compared to BHD304,000 for the corresponding half last year.

    Middle East | 13 Aug 2018
  • Fosun's domestic insurance ops face challenges

    Chinese international conglomerate and investment company Fosun is facing challenges in its three domestic insurance subsidiaries, namely, Pramerica Fosun Life Insurance, Fosun United Health Insurance and Yong An Property Insurance, according to indications given in second quarter solvency reports.

    China | 10 Aug 2018
  • Huahai P&C Insurance cleans up product offerings

    Huahai Property & Casualty Insurance, billed as China's first specialist marine insurer, has reported net profits of CNY24.87m for the first six months of the year, the first such profits since its establishment in December 2014.

    China | 10 Aug 2018
  • Jordan: Profits of 21 insurers jump by 332% in 1H

    The combined profits of 21 insurance companies operating in the local market soared by 332% in the first half of this year compared to the corresponding period last year, according to a study by Sanabel Al Khair Financial Investment Company.

    Middle East | 08 Aug 2018
  • Moody's: Chinese P&C insurers to see strong growth over next 18 months

    China's P&C insurance industry is expected to experience strong growth in the low-teen percentages over the next 12-18 months, says Moody's Investors Service in a new report.

    China | 03 Aug 2018

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