Financial Statements
Dai-ichi Life H1 net income up 27% to $960m in H1 2024
Dai-ichi Life H1 net income up 27% to $960m in H1 2024
However, premiums declined 6.3% YoY to $6.99b.
Swiss Re net income falls 12% in 9M 2024
In the third quarter, its net income was $102m.
Marsh McLennan bags $3.5b in Q3 Revenue for insurance
EPS rose 3% to $1.51.
Zurich’s P&C segment in Asia grows 4% YoY in 9M 2024
The Life insurance segment saw its new business premiums increase by 6%.
Manulife Asia Q3 2024 net income surges nearly ten-fold
The group bagged a Q3 2024 net income of $1.8b.
Great Eastern’s 9M 2024 earnings jump 39% YoY
Total weighted new sales and new business embedded value rose 19% YoY.\
Prudential’s APE sales up 7% to $5b for 9M 2024
Bancassurance sales were up 21% year-to-date.
FWD Group's new business value rises 6% to $623m in 9M 2024
New business sales rose to $1.4b.
Ping An's net profits soars 36.1% YoY to RMB119.18b
Its segments collectively contributed RMB119.65b in operating profit.
Allianz APAC’s H1 2024 busines volume more than doubled
Its life and health business saw new business value surge 34% YoY.
Underwriting profits drive Lloyd's earnings surge of 25.6% YoY
The market’s combined ratio improved to 83.7%.
Cathay Life net profit surges to $2b despite premiums decline
Premium slump was driven by weaker demand for investment-linked and interest-sensitive annuities.
China Taiping’s net profit leaps 19.4% YoY in H1 2024
EPS stood at HK$1.54.
Zhong An’s H1 2024 earnings fall 24.5% YoY
Its EPS stood at RMB1.11 cents.
Sunshine Insurance H1 2024 net profit rises 8.3% YoY
EPS stood at $0.04.
Prudential’s H1 2024 IFRS profit declines YoY
It dwindled 80.8% to $182m.
Commentary
AI isn’t replacing insurance, it’s finally making it work