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The insurer disclosed its Q3 2023 results, showcasing a net income of $219 million for the quarter. However, the overall performance for the first nine months of the year reflects a net loss of $441 million.
Zurich Insurance Group has reported a robust financial performance in its first nine-month results, with property and casualty (P&C) insurance revenue witnessing a significant 9% year-on-year increase, reaching US$31.4 billion.
Munich Re has delivered a strong set of results for the third quarter of 2023, with a net result of €1.2 billion and an improved combined ratio of 82% in its property and casualty (P&C) reinsurance business.
Lemonade will hit profitability in the next 24 months, says the insurtech’s CEO, Daniel Schreiber, who also said the Israeli/American company was rallying, despite the geopolitical turmoil from the war in Gaza.
Qatar Insurance Company (QIC) has posted a robust financial performance, with Net Profits reaching QAR 453 million for the initial nine months of 2023.
Beazley has revealed a remarkable 9% growth in insurance written premiums, amounting to $4.3 billion during the first nine months of 2023.
Leading home insurer, Hippo, has reported robust performance in the third quarter of 2023, with a noteworthy 38% Year-over-Year (YoY) growth in Total Generated Premium (TGP), reaching US$303.7 million compared to $219.9 million in the corresponding period last year.
The insurtech landscape experienced a significant milestone in the third quarter of 2023, surpassing the US$1.1 billion mark in new funding.
Swiss Re has announced a robust financial performance for the first nine months of 2023, reporting a net income of US$2.5 billion.
Lemonade has revealed robust performance in the third quarter of 2023. The insurtech’s share price soared over 30% following the improved Q3 results and experts say the company will return to its long-term growth rate target of around 25% in 2024.
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