Lancashire Holdings Limited today announces its trading statement for the nine months ended 30 September 2024. Gross premiums written increased by 9.0% year-on-year to $1.7 billion, insurance revenue increased by 16.8% year-on-year to $1.3 billion. Net losses relating to recent weather events expected to be between $110 million to $140 million. Total…
Reinsurance
Freedom Holding Corp., a multinational diversified financial services holding company with a presence through its subsidiaries in 22 countries, today announced the financial results for their second quarter and first six months of fiscal 2025. $581 million in revenue for the quarter Net income of $115 million, or $1.89 earnings per share, diluted, and $1.93…
Prior to the sale of Westminster on June 30, 2024, the Company had six reportable segments as described below. The Commercial segment consisted primarily of Westminster's balances and results. As a result of the sale, Westminter's results have been removed from the Commercial segment for all 2024 amounts and any remaining commercial business not associated…
STATEMENT AS OF SEPTEMBER 30, 2024 OF THE MBIA Insurance Corporation. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE MBIA INSURANCE CORPORATION. Accounting Practices The statutory financial statements of MBIA Insurance Corporation ( " MBIA Corp." or the "Company") are presented on the basis of accounting practices prescribed or permitted by the New York State…
Sector mix by asset class. Headings are included in each tab, as applicable, to distinguish amounts reported under IFRS 17- Insurance Contracts and IFRS 9- Financial Instruments and those reported under the previous accounting standards: IFRS 4. Insurance Contracts and IAS 39- Financial Instruments: Recognition and Measurement.
As at September 30, 2024. The current supplementary financial information is following the adoption of IFRS 17 and IFRS 9 Figures reflect both IFRS 17 and IFRS 9 metrics, as well as IFRS 4 metrics where the calculation has been impacted by the adoption of IFRS 17 and/or IFRS 9 IFRS 17 became effective on January 1, 2023, with a transition date of January 1, 2022…
Longtime Arch executives David Gansberg and Maamoun Rajeh named Presidents of Arch Capital Group Ltd.. PEMBROKE, Bermuda—- Arch Capital Group Ltd. today announced that its Board of Directors has declared a special cash dividend of $1.9 billion to common shareholders, representing $5.00 per outstanding common share. David Gansberg has been promoted to…
ProAssurance Corporation, an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.4 million, or $0.32 per diluted share, and operating income of $17.3 million, or $0.34 per diluted share, for the three months ended…
Document As filed with the Securities and Exchange Commission on November 7, 2024 File No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM S-3 _______________________ REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ Lincoln National Corporation Indiana…
Porch Group, Inc., a homeowners insurance and vertical software platform, today reported third quarter results through September 30, 2024, with total revenue of $111.2 million. GAAP net income was $14.4 million, an improvement of $20.1 million compared to the prior year, and Adjusted EBITDA was $16.9 million, an improvement of $8.1 million compared to the prior…
The Consolidated Financial Statements for Holding Companies is to be prepared in accordance with instructions provided by the Federal Reserve System. I, the undersigned CFO of the named holding company, attest that the Consolidated Financial Statements for Holding Companies for this report date have been prepared in conformance with the instructions…
Hamilton, Bermuda- Hiscox Ltd, the international specialist insurer, today issues its trading statement for the first nine months of the year to 30 September 2024. Group insurance contract written premiums increased by $113.1 million or 3.0% to $3,872.5 million due to continued capital deployment in Re& ILS and solid Retail growth. Large natural catastrophe…
Sean M. Dalton, CPCU, AMIM, Executive Vice President, Munich Reinsurance America Inc., was elected chair of the American Institute of Marine Underwriters at its annual meeting on Nov. 6. Sean M. Dalton, CPCU, AMIM, Executive Vice President, Munich Reinsurance America Inc., was elected chair of the American Institute of Marine Underwriters. We are extremely pleased…
Majesco, a global leader in cloud insurance software solutions for insurance business transformation, is proud to announce its recognition as a Leader in the Gartner ® Magic Quadrant™ for SaaS P&C Insurance Core Platforms, North America. To us, this acknowledgment highlights Majesco’s commitment to pioneering technology advancements, including its…
Oscar Health, Inc., a leading healthcare technology company, today announced its financial results for the third quarter ended September 30, 2024. “Oscar reported positive third quarter results with strong revenue growth and improved financial performance, "said Mark Bertolini, CEO of Oscar Health.“ Our technology continues to enhance our growth and…
Hamilton, Bermuda- Hiscox Ltd, the international specialist insurer, today issues its trading statement for the first nine months of the year to 30 September 2024. Group insurance contract written premiums increased by $113.1 million or 3.0% to $3,872.5 million due to continued capital deployment in Re& ILS and solid Retail growth. Large natural catastrophe…
Home Company Media Relations Media Information and Corporate News Media Information 2024 Quarterly statement 3/ 2024 Quarterly statement: Munich Re generates Q3 result of €0.9 bn and is set to exceed annual target 11/07/2024. Net result increases to €4.7 bn in Q1-3 despite major losses attributable to natural catastrophes in Q3 Reinsurance:…
Media Release Munich 7 November 2024 Quarterly statement: Munich Re generates Q3 result of €0.9 bn and is set to exceed annual target• Net result increases to €4.7 bn in Q1-3 despite major losses attributable to natural catastrophes in Q3• Reinsurance: Above-average major losses in property-casualty business in Q3; life and health business once again…
Manulife Financial Corporation reported its third quarter results for the period ended September 30, 2024, delivering record core earnings and insurance new business results 1. Core earnings 2 of $1.8 billion, up 4% on a constant exchange rate basis 3 from the third quarter of 2023 Net income attributed to shareholders of $1.8 billion, up $0.8 billion from 3…