Browsing: financial performance

The London P&I Club has reported a solid financial performance for 2024/25, with an operating surplus of US$21.3 million and free reserves boosted to US$171.2 million.

Japanese life insurers’ credit fundamentals are expected to remain robust in the financial year ending March 2026, according to Fitch Ratings.

South Korean insurance companies reported a decline in net income for the first quarter of 2025 despite an increase in premium income.

Tesla’s insurance arm, which uses real-time driving data to calculate premiums, may be operating at a loss according to a recent report.

The Philippine non-life insurance sector demonstrated robust performance in the first quarter of 2025, recovering from the downturn experienced in 2024, according to the Insurance Commission (IC).

The combined net surplus of mutual benefit associations (MBAs) in the Philippines decreased by 25.21% to PHP1.59bn ($28.67m) in the first quarter of 2025, according to the Insurance Commission (IC).

Tokio Marine Group’s FY2024 adjusted net income surged 56% to JPY1.1tn ($7.4bn) from JPY685.5bn in FY2023, driven by improved performance in its property and casualty business.

South Korean domestic insurance companies’ overseas businesses turned a profit in 2024, with combined net income reaching $159.1m, according to the Financial Supervisory Service.

China’s top five listed insurance companies reported a combined net profit of CNY84.18bn in Q1 2025, with a ‘three up, two down’ pattern in performance.

Great Eastern’s Q1 2025 financial results show 19% growth in new business embedded value to S$148.8m, driven by improved sales mix and steady insurance business growth