In the first quarter of 2019, Vienna Insurance Group (VIG) saw an increase of 2.9% in GWP, compared to the first quarter of 2018. Profit before taxes also increased by 8.7%, while the net result increased by 10.5%.
Slovenia-based Triglav Group registered a profit of EUR 26 million in the first quarter of 2019. Investments played the biggest role for the 9% increase in Group's profit. Triglav's activity outside Slovenia slightly increased compared to 2018 Q1.
UNIQA Insurance Group made a positive start to 2019, with earnings before taxes of EUR 42.3 million in the first quarter. Total premiums written by the UNIQA Group (including the savings from life insurance) decreased though, by 0.4 per cent, to EUR 1,530.0 million.
In the first quarter of 2019, Munich Re generated a profit of EUR 633 million. Higher basic losses and greater expenditure for claims from previous years prevented a repeat of the extraordinary result in the same quarter last year, which was practically free of major losses.
The umbrella brand Sava Re Group will be replaced in all corporate documents by Zavarovalna skupina Sava in Slovenian and Sava Insurance Group in English, starting with the 1Q financial report for 2019, the Group has announced.
The Sava Insurance Group delivered a net profit of EUR 10.9 million in 1Q2019, accounting for 25.4% of the 2019 planned profit. The annualized RoE was 12.2%. A benign claims development and improved cost efficiency were the main drivers of the profit increase.
The GENERALI Group ended Q1 with a net profit of EUR 744 million, up 28.1% y-o-y, reflecting in part the result from disposals. The adjusted net profit increased to EUR 616 million (+6%) in line with the targets of the Group's new strategic plan.
For the first three months of 2019, Allianz Group reported a solid growth compared to first quarter of prior year. Total revenues at group level grew by 9.1%, the operating profit increased as well, by 7.5%, while the net income stood above EUR 2 billion.
In the first quarter of 2019, PZU broke its own record at the start of the year, generating higher GWP volumes and higher net result, compared to the same period of 2018. Company's officials said it was the merit of the newly introduced strategy, for 2017-2020 period.
On 7 May 2018, during the ordinary and extraordinary Shareholders' Meeting ("GM"), Generali chose a new Board of Directors, elected to hold office for three financial years, until approval of the financial statements for the year 2021.
In the 2018 financial year, GRAWE AG increased its total premium income by 5.0% to EUR 588 million. Premium growth in non-life and accident insurance was up 5.7%, while in life insurance GRAWE recorded a 2.6% rise.
Zurich Insurance Group Ltd (Zurich) reported a 4% increase in terms of P&C GWP volume for the first quarter of 2019. In local currency, the figures show growths across all regions, keeping Zurich on track to meet and even to exceed 2017 to 2019 targets.
Hannover-based insurer TALANX Group reported a double-digit growth in GWP of 11% to EUR 11.7 (10.6) billion, the insurer officially announced May 9, 2019.
Hannover-based insurer TALANX informed it is expanding its activities in Turkey by acquiring the P&C insurer ERGO Sigorta.
Dutch insurer ACHMEA announced that Can Akin CAGLAR has decided to step down from his position as CEO of EUREKO Sigorta, Achmea's subsidiary in Turkey, as per the 10th of May 2019. He held this position for the past five years.
AXA XL Insurance has partnered with AXA - Global Healthcare to launch a new healthcare insurance solution for Spanish and Portuguese companies with employees on expatriate assignments.
As from 1 May 2019, Giulia RAFFO is appointed as Head of Investor & Rating Agency Relations, directly reporting to the General Manager, Frederic de COURTOIS.