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Company results

Markel soars to profit

Markel International has reported a combined operating ratio (COR) of 84% for the six months ended 30 June 2012 compared to 130% for the same period of 2011.

Aviva commercial COR stays at 101%

Aviva has revealed a combined operating ratio (COR) in UK commercial lines of 101% for the start of 2012, an identical figure to the result for the first six months of last year.

XL swaps loss for profit

XL Group has announced a profit of $397.8m [£255.2m] for the first six months of 2012, reversing a loss of $1.6m in the same period last year.

Ageas commercial COR dips to 100%

Barry Smith, chief executive at Ageas UK, has revealed that the provider’s combined operating ratio for commercial business improved to 100% in the first six months of 2012, from 104.3% in the same period last year.

Catlin soars into profit

Catlin Group has reported profits of $231m [£148.3m] for the first six months of 2012, as opposed to a loss of $201m in the same period last year.

Profits up at Ageas

Ageas UK has revealed that pre-tax profits in non-life business rose to £56.1m for the first half of 2012, more than doubling from £23.4m in the same period of 2011.

Aviva COR predicted to top 99%

Investec has predicted that Aviva’s combined operating ratio will hit 99.1% in its half year results due to be published on 9 August, a deterioration from the 96% reported for the first six months of 2011.

Axa COR sneaks above 100%

Axa has revealed a combined operating ratio of 100.4% for UK property and casualty (P&C) business in the first six months of 2012, consistent with the 100% achieved in the same period of 2011.

Revenues flat at Willis

Willis Group has reported a fall in commissions and fees to $837m [£538.6m] in the second quarter of 2012, down from $852m in the same period of 2011.

HCC posts $60m net earnings rise

Specialty insurance group HCC Insurance Holdings has posted net earnings of $176.1m (£112.7m) for the first six months of 2012, up on the $116.5m recorded for the same time last year.

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