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International Medical Health Insurance Company Results News

  • Towergate Insurance Q1 2017 Results
    Commenting on the results, Towergate Chief Executive David Ross said, “I am pleased to report that the strong performance we delivered in the second half of 2016 has continued in the first quarter of this year. Revenues have continued to improve to a point where we are reporting organic income growth once again. We have also delivered the third consecutive quarter of year-on-year growth in Adjusted EBITDA, a reflection of just how far this business has come in a relatively short span of time. “Of particular note is the profit improvement in Insurance Broking where we have reported an 85%…
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    Written on Wednesday, 17 May 2017 05:31 in iPMI Magazine Company Results News
  • AIG Europe Announces Full Year Results For 2016 And First Quarter Results For 2017
    In its annual report published AIG Europe Limited (AEL) posted its financial results for the year ended 30 November 2016, impacted by prior year development and higher levels of severe claims. First quarter 2017 figures demonstrate that the long term plan to improve returns is showing results. During 2016, AEL achieved premium growth in several key business lines and demonstrated resilience to strong competition thanks to its focus on underwriting discipline and also on business lines and geographies that are most profitable. However, adverse prior year development and higher levels of severe claims within both Property and Special Risks and…
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    Written on Wednesday, 10 May 2017 09:12 in iPMI Magazine Company Results News
  • Aon Reports First Quarter 2017 Results
    First Quarter Key Metrics From Continuing Operations Reported revenue increased 5% to $2.4 billion, with organic revenue growth of 4% Operating margin decreased 410 basis points to 14.4%, and operating margin, adjusted for certain items, increased 220 basis points to 22.3% EPS decreased 15% to $0.94, and EPS, adjusted for certain items, increased 20% to $1.45 For the first three months of 2017, cash flow from operations increased $38 million, or 26%, to $182 million, and free cash flow increased $41 million, or 38%, to $148 million First Quarter Highlights Repurchased 1.1 million Class A Ordinary Shares for approximately $125…
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    Written on Wednesday, 10 May 2017 08:36 in iPMI Magazine Company Results News
  • Cigna Reports Strong First Quarter 2017 Results
    Cigna Corporation has reported strong first quarter 2017 results driven by continued execution of its proven strategy, and highlighted by earnings growth in each of Cigna's business segments over first quarter 2016. “Cigna's strong first quarter performance reflects the value we are delivering to our customers and clients through affordable, high-quality and personalized solutions,” said David M. Cordani, President and Chief Executive Officer. “We expect continued positive momentum and growth across targeted customer segments, fueled by ongoing investments in innovative products and services.” Total revenues in the quarter were $10.4 billion, an increase of 5% over first quarter 2016, driven…
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    Written on Saturday, 06 May 2017 05:49 in iPMI Magazine Company Results News
  • UnitedHealth Group 2017 First Quarter Highlights
    First Quarter Revenues of $48.7 Billion Grew 9.4% Year-Over-Year Excluding ACA Individual Offerings, UnitedHealthcare Grew to Serve 2.5 Million More People in the Past 12 Months Optum Earnings from Operations Grew 16%, With Every Optum Segment Reporting Double-Digit Percentage Earnings Growth Cash Flows from Operations were $6.5 Billion in First Quarter; Adjusted Cash Flows from Operations were $2 Billion First Quarter Net Earnings of $2.23 Per Share Grew 34% Year-Over-Year First Quarter Adjusted Net Earnings of $2.37 Per Share Grew 31% Year-Over-Year UnitedHealth Group (NYSE: UNH) reported first quarter results, led by continued broad-based growth across the enterprise. “Our focus…
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    Written on Wednesday, 19 April 2017 05:35 in iPMI Magazine Company Results News
  • Lloyd’s Reports £2.1bn Profit For 2016
    Lloyd’s, the world’s specialist market for insurance and reinsurance has announced a profit of £2.1bn for 2016 despite the combined ratio moving from 90.0% to 97.9%. Conditions over the course of the year were extremely challenging with continued downwards pressure on pricing whilst traditional and alternative capital remained attracted to the insurance industry. The level of Lloyd’s major claims, £2.1bn, was the fifth highest since the turn of the century and above the long-term average. This was due primarily to Hurricane Matthew and the Fort McMurray Wildfire in Canada. The lower underwriting result in 2016 was offset by significantly improved…
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    Written on Tuesday, 04 April 2017 06:51 in iPMI Magazine Company Results News
  • Download In PDF Zurich’s Annual Report 2016
    The Annual Report contains detailed information about Zurich's financial performance, strategy, structure, executive bodies, risk management, corporate governance and remuneration in 2016. Download In PDF Zurich’s Annual Report 2016 For more free PDF downloads please visit the new iPMI Magazine online magazine store, iPMI Digital. Click Me. 
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    Written on Tuesday, 21 March 2017 04:52 in iPMI Magazine Company Results News
  • VIDEO: CEO Mark Wilson summarises Aviva's 2016 results
    Profit Operating profit2,3 up 12% to £3,010 million (2015: £2,688 million4) Operating EPS2,3 up 3% to 51.1p (2015: 49.7p4) Operating profit and operating EPS exclude the impact of the change in the Ogden discount rate in UK general insurance, which has been classified as an exceptional item IFRS profit after tax down 22% to £859 million (2015: £1,097 million4) including the £380 million after-tax charge due to the reduction in the Ogden discount rate Capital Solvency II capital surplus5 £11.3 billion (2015: £9.7 billion) Solvency II coverage ratio5,6 of 189% (2015: 180%) Solvency II operating capital generation £3.5 billion Net…
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    Written on Friday, 10 March 2017 08:02 in iPMI Magazine Company Results News
  • APRIL: 2016 Results
    APRIL CEO Emmanuel Morandini made the following comments: The results for 2016 show that we are moving in the right direction: we posted strong sales momentum in our brokerage business, including in the health insurance market, and the impacts of the National Interbranch Agreement (ANI) are now largely behind us. In accordance with its core values, the Group will continue to serve customers through segmentation, innovation and digitised relationship management. At the same time, APRIL will continue to invest in initiatives aimed at streamlining and automating processes, achieving productivity gains and optimising cost structures. The Group confirms its commitment to…
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    Written on Friday, 10 March 2017 05:20 in iPMI Magazine Company Results News
  • Charles Taylor Announces Annual Results For 2016
    Charles Taylor has announced its annual results for 2016. David Marock, Group Chief Executive Office, Charles Taylor plc said: “Charles Taylor performed solidly overall in 2016, building on the strong growth achieved in 2015. Revenue grew significantly, while adjusted profit before tax and earnings have increased; we also made good progress on delivering our strategic growth strategy. We are reinvesting in the business to drive that growth, both organically and by undertaking strategic acquisitions, entering into joint ventures and making business investments. This will enable us to achieve scale economies, to diversify the business, and to deliver sustainable year-on-year growth,…
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    Written on Thursday, 09 March 2017 10:33 in iPMI Magazine Company Results News
  • ADNIC Reports AED205 Million Net Profit
    Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has announced its preliminary financial results for full-year 2016. The Company reported a net profit of AED 205 million for this year, a significant turnaround back into strong profit. Commenting on the strong results, Shaikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: “The Board of Directors is pleased to note that ADNIC hassustained its profitability throughout 2016 with continued strong underwriting and net profit growth for the last quarter of this year. The realignment of ADNIC’s operational strategy has delivered positive…
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    Written on Thursday, 02 March 2017 08:20 in iPMI Magazine Company Results News
  • PDF Download: AXA Full Year 2016 Earnings
    Download The Results PDF, Click here. "With the commitment and the engagement of our teams, we have delivered a strong performance in the first year of our new Ambition 2020 plan. We recorded Euro 5.7 billion in underlying earnings, a growth of 4% on a per share basis, despite continued low interest rates and market volatility. We generated over Euro 6.2 billion of operating free cash flows and our Solvency II ratio of 197% remained well within our target range. In this context, the Board of Directors is proposing a dividend of Euro 1.16 per share, an increase of 5%…
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    Written on Friday, 24 February 2017 09:26 in iPMI Magazine Company Results News
  • Munich Re Posts Profit Of €2.6bn For 2016 And Raises Dividend To €8.60
    Munich Re posted a consolidated result of €2.6bn for 2016, thus meeting its profit target of “well over €2.3bn”. According to provisional calculations, in the fourth quarter of 2016 it posted a profit of €0.5bn (previous year: €0.7bn). Subject to approval by the Supervisory Board and the Annual General Meeting, the dividend will rise to €8.60 (8.25) per share. CFO Jörg Schneider said, “We are satisfied with the result for 2016. Thanks to our strong market position, client proximity and successful investment management, we were largely able to counter the effects of low interest rates and intense competition in the…
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    Written on Friday, 10 February 2017 08:16 in iPMI Magazine Company Results News
  • Cigna Reports 2016 Results, Expects Attractive Earnings Growth In 2017
    Total revenues for 2016 increased 5% to $39.7 billion Shareholders’ net income for 2016 was $1.9 billion, or $7.19 per share Adjusted income from operations 1 for 2016 was $2.1 billion, or $8.10 per share Global medical customer base 2 is projected to grow in the range of 300,000 to 500,000 lives in 2017 Adjusted income from operations 1,3,4 is projected to grow in the range of 12% to 18%, to $2.35 billion to $2.48 billion in 2017, or $9.00 to $9.50 per share, excluding capital deployment “We concluded 2016 with strong momentum that positions the company for attractive earnings…
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    Written on Friday, 10 February 2017 08:13 in iPMI Magazine Company Results News
  • Unitedhealth Group Reports 2016 Results Highlighted By Continued Strong And Diversified Growth
    UnitedHealth Group reported fourth quarter and full year 2016 results driven by broad-based, balanced growth across the enterprise. In 2016, UnitedHealthcare grew to serve 2.2 million more people with medical benefits, through consistent focus on improving health outcomes, increasing satisfaction and delivering greater value on behalf of the consumers it serves. Optum combined strong organic growth and strategic investments to drive revenue growth of nearly 24 percent in 2016. “We are privileged today to serve more people in more ways than ever before, and we know further growth in 2017 and beyond rests on continuing to drive ever higher quality…
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    Written on Wednesday, 18 January 2017 08:35 in iPMI Magazine Company Results News
  • Munich Re Posts Profit Of €684m In Third Quarter
    Munich Re posted a consolidated profit of €2.1bn for the first nine months of 2016 (same period last year: €2.4bn). In the third quarter, the Group realised a profit of €684m (525m). Following the gratifying result for the third quarter, the profit for the current year is expected to significantly exceed the previously projected amount of €2.3bn. CFO Jörg Schneider summed up the figures as follows, "Munich Re is well on track with this quarterly profit of almost €700m. We are now more optimistic about our profit guidance."Concerning trends in reinsurance, Schneider said, "The environment continues to be challenging. If…
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    Written on Thursday, 24 November 2016 10:01 in iPMI Magazine Company Results News
  • Anthem Reports Third Quarter 2016 Results
    Net income was $2.30 per share, including net negative adjustment items of $0.15 per share. Adjusted net income was $2.45 per share (refer to the GAAP reconciliation table). Medical enrollment has increased by approximately 1.3 million members in 2016, or 3.4 percent, totaling approximately 39.9 million members as of September 30, 2016. Company now expects medical enrollment to grow by 1.05 - 1.25 million members for full year 2016. Full year 2016 GAAP net income is expected to be approximately $9.28. Full year adjusted net income is expected to be approximately $10.80 (refer to the GAAP reconciliation table). Fourth quarter…
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    Written on Thursday, 24 November 2016 07:54 in iPMI Magazine Company Results News
  • Humana Reports 3RD Quarter 2016 Financial Results
    3Q 2016 earnings per share (EPS) of $2.98 on a GAAP basis, Adjusted EPS of $3.18 Full-year 2016 earnings per share guidance of approximately $8.68 on a GAAP basis; Adjusted EPS guidance of approximately $9.50 reiterated Medicare Advantage and Healthcare Services businesses performing above expectations Individual commercial and Group segment performance in line with management’s expectations 3Q 2016 cash flows from operations of $4.50 billion on a GAAP basis, $1.47 billion on an Adjusted basis versus 3Q 2015 cash flows from operations of $1.03 billion (both GAAP and Adjusted) “We are pleased that our third-quarter results enable us to reaffirm…
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    Written on Thursday, 10 November 2016 09:05 in iPMI Magazine Company Results News
  • Swiss Re Reports Strong Net Income Of $3.0 Billion For First 9 Months Of 2016
    Swiss Re has reported net income of USD 3.0 billion for the first nine months of 2016, despite the difficult market environment. All Business Units contributed to this strong result. Net income in Property & Casualty Reinsurance was USD 1.5 billion in the first nine months of 2016, reflecting solid underwriting. Life & Health Reinsurance net income was USD 635 million, demonstrating continued good performance. Corporate Solutions reported net income of USD 150 million after profitable business performance. Life Capital reported net income of USD 726 million attributable to investments and underlying growth. Swiss Re starts its public share buy-back…
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    Written on Thursday, 10 November 2016 08:53 in iPMI Magazine Company Results News
  • Lloyd’s Report £1.46 Billion Profit For First Half Of 2016
    The figures show an increase in profits of €0.31 billion (£0.26 billion) on the same period last year for the world’s specialist insurance and reinsurance market. Lloyd’s also reported an annualised return on capital of 11.7% and a combined ratio of 98.0%. The key financial figures are: Pre-tax profits of €1.77 billion (£1.46 billion), (H1 2015: £1.20 billion) Return on capital of 11.7% (H1 2015: 10.7%) Combined ratio of 98.0% (H1 2015: 89.5%) Investment return of 1.8% (H1: 0.6%) Net resources of €32.19 billion (£26.6 billion) 2016 saw major claims increase due primarily to the Fort McMurray fires in Alberta,…
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    Written on Thursday, 10 November 2016 08:50 in iPMI Magazine Company Results News
  • Cigna Reports Third Quarter 2016 Results Led By Strong Commercial Health Care Performance
    Cigna Corporation (NYSE: CI) has reported third quarter 2016 results with solid revenue and earnings, led by strong performance in Commercial health care. Total revenues in the quarter were $9.9 billion, an increase of 5% over third quarter 2015, driven by continued growth in Cigna's targeted customer segments. For the third quarter of 2016, shareholders’ net income was $456 million, or $1.76 per share, compared with $547 million, or $2.10 per share, for the third quarter of 2015. Third quarter 2016 shareholders’ net income included special item1 charges of $71 million after-tax, or $0.28 per share, for transaction costs related…
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    Written on Thursday, 10 November 2016 08:47 in iPMI Magazine Company Results News
  • Bupa Half Year Results 2016
    Evelyn Bourke, CEO of Bupa, commented, "In the first half of 2016, we remained focused on delivering value for money and providing great service and care to our customers. We have delivered modest growth in profitability despite challenging economic conditions in our key markets. The immediate impact on Bupa’s financial position following the EU referendum in June has been limited. While there will be some operational and legal impacts, it is too early to conclude how the Leave vote will affect our underlying businesses and employees. We will continue to monitor the situation closely. Looking forward, we currently anticipate modest…
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    Written on Monday, 12 September 2016 07:20 in iPMI Magazine Company Results News
  • The Health Insurance Group Revenue Up By 5%
    The Health Insurance Group announced its 2016 half year trading results: New business sales up 8% vs H1 2015, to £7.1m (Annual Premium Income) Product portfolio increased by 8% vs H1 2015, to £124.7m (Annual Premium Income). Revenues up 5% vs H1 2015, to £7.5m. Brett Hill, Managing Director for The Health Insurance Group said, "Against the backdrop of a fiercely competitive private healthcare market and economic uncertainty we are delighted to report strong increases in sales, portfolio and revenues for 2016." "In a varied yet progressive year we have continued innovating our core private healthcare programmes focusing on wellness…
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    Written on Monday, 08 August 2016 07:31 in iPMI Magazine Company Results News
  • Allianz Worldwide Partners: Double Digit Growth In 2015 And A 10 Billion Euros Ambition For 2020
    Allianz Worldwide Partners (AWP) has announced its financial results for 2015 and confirms its ambitions for 2020. Global revenue increased by 14% compared to 2014, and 11% at a constant exchange rate. All of the Group's geographical regions and lines of business made balanced contributions to growth in 2015. Allianz Worldwide Partners also showed a marked improvement in its combined ratio at 97.9%, while operating profit increased by 21% (+15% at a constant exchange rate). "We saw that 2015 was another year of growth for Allianz Worldwide Partners, and generated very satisfactory results, particularly in light of the difficult global…
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    Written on Wednesday, 01 June 2016 07:19 in iPMI Magazine Company Results News
  • Reinsurance Group Of America Reports 2016 First-Quarter Results
    Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life reinsurance, reported operating income of $120.8 million, or $1.85 per diluted share, compared with $121.8 million, or $1.77 per diluted share, in the prior-year quarter. Net income totaled $76.5 million, or $1.17 per diluted share, compared to $125.1 million, or $1.81 per diluted share, the year before. Consolidated net premiums totaled $2.2 billion this quarter, up 7 percent from last year’s first quarter. Current-period premiums reflect net adverse foreign currency effects of approximately $70.2 million. Excluding those effects, premiums increased 10 percent versus the prior-year quarter. Investment…
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    Written on Friday, 29 April 2016 06:48 in iPMI Magazine Company Results News