Tag: insurance profit

Zurich Insurance company shows substantial profit reduction

G. Turner
Zurich Insurance Company News Building in Leeds

The general coverage business from the firm has recorded an operating loss making insurance news headlines. Zurich Insurance Group has recently reported that the insurance company has experienced a 79 percent drop in its net profit for the third quarter of 2015, requiring the firm to have to change gears with regards to a number of strategies it had planned to implement. Among the scrapped plans in this insurance news included a sizeable acquisition mean to boost financial performance. The insurance company, based in Zurich, stated that its net profit…

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Insurance news from Berkshire reveals 51 percent profit increase

G. Turner
Insurance News Profits

The company has just released its profit statements for its investments within this industry. Berkshire Hathaway has just announced its latest insurance news, saying that its net income rose to reach $4.89 billion, which translates to $2,977 per share, in a statement that it has released. This is a massive increase over a year earlier at $3.25 billion, which was $1,966 per share. The company, based in Omaha, Nebraska, said that this insurance news also includes its $2,302 per share operating profit, which does not include some of its investment…

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Insurance news from HSBC includes intention to sell Ping An stake

China Insurance industry news

A share of approximately $9.3 billion of the Chinese insurer will be sold. The latest insurance news from HSBC is that it is currently in negotiations to sell its stake of the Chinese insurer, Ping An, which is worth approximately $9.3 billion. The intention is to boost the profitability of this largest bank in Europe. It will be accomplished as a part of a larger effort to slough away some of its non-core operations. The sale of the Ping An stake is not unexpected insurance news. It was relatively anticipated…

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