Results – Page 6
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NewsAxa launches €1bn share buyback following ‘very good performance’ in H1 2022
The new scheme will operate alongside the share buyback programme set to follow Axa Germany’s sale of its closed life and pensions portfolio
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NewsDirect Line Group sees profits tumble as ‘unique combination’ of factors impact market
The insurer has posted a loss ratio of 65.1% for H1 2022
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NewsThe Clear Group grows ebitda by 76% in 2021
Group chief executive says latest financial results provide ‘an excellent base from which we can continue to deliver on our growth strategy’
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NewsInflation is surmountable with proper provision – Beazley
The specialist insurer has ensured it has sufficient amounts of reserve capital in place, to help it weather economic storms such as inflation
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NewsBeazley posts 2022 half-year COR of 87%
The insurer is actively managing ’inflation and recession’, says chief executive
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NewsSabre posts COR of 98.9% as UK inflation reaches ‘historic highs’
The insurer also recorded a £13.6m increase in GWP year-on-year
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NewsLycetts’ pre-tax profits jump up by 154% in 2021
Investing in people, operations and infrastructure has supported this growth trajectory, says chief executive
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NewsSabre’s GWP up by 30% despite inflationary pressures
The motor insurance underwriter is confident that its disciplined underwriting strategy will consolidate its core strengths and allow for sustainable growth
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NewsThe Ardonagh Group posts 29% adjusted ebitda growth for Q1 2022
The broker also reported a 44% increase in total income for 2022’s first quarter
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NewsAviva reports 5% general insurance GWP uptick for 2022’s first quarter
But the insurer’s UK COR for general insurance has worsened by 7.3 percentage points year-on-year
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NewsNatural catastrophe claims knock Q1 P&C operating profit for Allianz Group
Chief executive states that the insurer’s ‘results demonstrate that our business can withstand significant geopolitical and economic pressures’
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NewsRussia-Ukraine conflict sees Beazley predict £41m plunge
The insurer’s chief executive, however, ‘remains confident’ in its combined ratio guidance for 2022
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NewsDirect Line’s premiums slide by 2.4% during Q1 2022
The group put the hit to GWP down to the FCA’s pricing reform, but trading was ’broadly in line’ with its expectations
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NewsGallagher reports 14% UK organic growth for Q1 2022
The broker estimates sanctions and its compliance with them will adversely impact its full year 2022 brokerage segment annual revenues by up to $10m
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NewsLloyd’s returns to profit with £2.3bn in full-year 2021 results
£2.9bn was paid to customers impacted by Covid-19
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NewsSaga’s retail broking arm reports 3% GWP dip for 2021
Chief executive says Saga’s insurance business delivered a ‘robust performance’ in the last year
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NewsRestructure sees MS Amlin Underwriting swing back to profit
The results are ‘tangible evidence’ that strategic changes made are ‘starting to bear fruit’, says chief executive
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NewsThe Ardonagh Group reports adjusted ebitda growth of 42.4% for 2021
The broker’s income also reached £945.8m last year
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NewsSabre records small GWP decrease for 2021 amid ‘high levels of claims inflation’
The insurer’s COR also saw a slight raise last year, albeit within its targeted range
