Aetna insurance company sees surge in profits but still sees weaker forecast

Health Insurance company merger Aetna

Despite the fact that the insurer has seen a strong close to 2015, its predictions aren’t as strong as Wall Street’s. The Aetna insurance company has closed 2015 with a very strong surge in its last quarter earnings, which rose by 38 percent when compared to its previous quarter. Even though its performance was better than predicted, its 2016 guidance has fallen short of Wall Street’s forecast. The insurance company is the third largest health insurer in the United States. Earlier this week, it announced that it is predicting adjusted…

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Insurance industry in China has experienced a profit doubling

china insurance industry

The country saw a profit of 204.7 billion yuan in 2014, which was over twice what was seen in 2013. The insurance industry in China has now recorded a record breaking profit last year, when it recorded a profit of 204.7 billion yuan (about $32.84 billion), which represented more than double the amount that was brought in during 2013, according to data from a regulator. The China Insurance Regulatory Commission released a press document providing insight into the sector’s performance. It showed that the premium investment capital gains from last…

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Insurance industry in China broke $1.18 trillion last year

China Life Insurance industry

The total assets within that country for that sector rose by 22.3 percent last year. According to data from the China Insurance Regulatory Commission, the total assets of the insurance industry in the country rose last year by 22.3 percent. The assets in 2012 increased to the point that they reached $1.18 trillion. This is the equivalent to 7.36 trillian yuan worth of assets in the Chinese insurance industry. The achievement that has just been announced represents the first time that the sector in the country broke the CNY 7…

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Insurance news from Zurich shows dropping profits

Zurich Insurance Company News Building in Leeds

The insurer’s third quarter profit fell by 62 percent. Zurich insurance news is now showing that the company will not be ruling out additional write-downs because of its struggling and bothersome German unit, as it has third quarter report is now revealing a drop of 62 percent in its net profits. The largest insurer in Switzerland has been accumulating almost $1 billion in additional costs since 2012. Those extra charges are the direct result of its business in Germany. In October, the group cautioned that any efforts for increasing claims…

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Insurance news from Allianz includes profit increases

Insurance News Snap Shot of Allianz Website

The Munich based insurer also saw a rise in P&C gross written premiums. Allianz SE has just announced its third quarter financial results for 2012, and part of this insurance news included a 32.8 percent increase over the operating profits at the same time in 2011, as well as a drop in natural catastrophe claims, and that property and casualty profits have edged upward. Overall, the insurer feels that this year was almost five times better than last year. Of course, it needs to be taken into account that in…

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Insurance News from Zurich shows its profits diving by $550 million in Germany

insurance industry report

The Swiss insurer’s Q3 pretax profits will take a serious hit after coverage funding issues. Zurich Insurance Group, a Switzerland based insurer, has released its latest insurance news, which shows that its profits in Germany will be slammed by $550 million, pretax in the third quarter. This was the result of the insurer’s failure to put aside enough money to cover certain claims. Specifically it did not have the cash ready to cover the potential claims that occurred several years following the expiry of the policies. The insurer also stated…

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Zurich Insurance posts first quarter profits after decline in natural disaster claims

Catastrophe Bonds Insurance News

Insurer sees profits in the wake of 2011 catastrophes Zurich Insurance Group, Switzerland’s largest insurance company, has released information concerning its first quarter profits for this year. The company posted high profits this year after overcoming the challenges presented by the past two consecutive years of natural disasters. Last year’s catastrophes broke record losses throughout the world, leaving many insurance companies in a vulnerable position. Large insurers, like Zurich, have been able to recover from the disasters and have even shown promising growth in the first quarter of 2012. Zurich…

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