Cobra Holdings has reported a pre-tax profit of £392,000 for the year ended 31 March 2010, compared to a loss of £23,000 the previous year.
LV has increased motor rates by 25% but its general insurance managing director John O'Roarke said that it has still been possible to write profitable business.
LV’s results for the six months ending 30 June 2010 have revealed a 56% increase to £300.6m (H1 2009: £193.1m) in broker business.
Commercial lines underwriting specialist Arista Insurance has recorded a 21% increase in income in the first half of 2010, compared with the same period last year.
Ecclesiastical has announced a loss of £9.9m in the first half of 2010. The figure is in stark contrast to the same period in 2009 when the insurer made a profit of £25.7m.
Price comparison website Confused has announced a 10% fall in revenue and 20% decline in profit during the first six months of the year.
The insurer reported profit before tax of £8.4m for Q2 2010, an improvement on the £3.2m loss made in Q1, but behind last year's H1 profit of £26m.
Admiral's group profit before tax has soared to £126.9m for H1 2010, a 21% increase on the same period last year (H1 2009: £105.3m).
Hiscox’s profits before tax have dropped to £97.2m (H1 2009: £141.1m) and the group combined ratio has increased by 5.8% to 93.6% (H1 2009: 87.8%).
QBE European Operations has reported a rise in pre-tax profit to US$222m for H1 2010, compared to $213m for the same period last year.
As part of Allianz’s half year results CEO Andrew Torrance has promised further double digit rate increases in private motor and said there was a “prospect of underwriting profit” in this area in 2011.
American International Group’s (AIG) general insurance operation Chartis, has reported operating income before net realised capital gains of $955m for Q2 2010 (Q2 2009: $1bn).
Combined revenues of Groupama Insurance's UK broking businesses have remained relatively flat at £33.3m during H1 2010 (H1 2009: £34.1m).
Operating profit in Allianz property and casualty (P&C) operations has grown by 28.2% to €1.14bn during Q2 2010, compared to the same period last year.
Royal Bank of Scotland Insurance (RBSI) made an operating loss of £203m during Q2 2010, compared to a £142m profit for the same period last year.
Speaking to Insurance Age, UK general insurance CEO David McMillan said the dip in Aviva’s UK general insurance and health underwriting results and operating profit was impacted by the insurer’s decision to release less reserves.
Novae Group has reported an increase in profit before tax and foreign exchange movement on non-monetary items to £13.6m during H1 2010 (H1 2009: loss of £2.1m).
The insurers UK general insurance operating profits increased by 24% to £197m in H1 2010 (HY09: £159m) but Aviva's combined UK general insurance and health operating profit fell to £268m during H1 2010, compared to £284m in the same period last year.
RSA has announced UK net written premiums of £1.5bn in the first half of 2010, up by 9% compared with the same period of 2009. However, it added its combined operating ratio had slipped from 97.4% to 98.9% for the comparable periods as a result of severe…
Legal & General’s (L&G) insurance division has reported a rise in operating profit to £14m for H1 2010, compared to £6m for the same period last year.
Moneysupermarket has reported a 9% increase in insurance revenue to £40.6m for the six months to 30 June 2010 (H1 2009: £37.1m).
Axa has seen another drop in profitability in its UK GI business in the first half of 2010.
Marsh & McLennan has reported a rise in risk and insurance services revenue to $1.5bn for Q2 2010, an increase of 9% from the same period last year or 1% on an underlying basis.
Aon today reported commission and fees in its UK arm declined 8% to $167m in the second quarter of 2010 (Q2 2009: $181m).