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The CIC Insurance Group reports half-year Profit Before Tax as Ksh337M

The CIC Insurance Group reports half-year Profit Before Tax as Ksh337M
ghafla.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghafla.com Daily Mail and Mail on Sunday newspapers.

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SBI Life Insurance Company Ltd reports Rs. 223.16 crores PAT in Q1FY22

SBI Life Insurance Company Ltd reports Rs. 223.16 crores PAT in Q1FY22
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FBD's motor premiums drop 5% so far in 2021

Insurer FBD said on Wednesday that its average private motor premiums have dropped by 5 per cent so far this year in what it described as a âcompetitive marketâ.
The company said in a trading update that new Judicial Council guidelines, which reduced award levels for most categories of personal injury from late April, are âparticularly welcomeâ, and that it has been âproactive in reflecting their impact in the prices charged to customersâ.
Minister of State with responsibility for insurance, Sean Fleming, said last month that insurers had indicated that they will begin to reduce premiums as a result of the guidelines. Consumer advocates have expressed scepticism about how meaningful the response will be. ....

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SBI Life share hits 52-week high on 24% growth in new business premium

SBI Life share hits 52-week high on 24% growth in new business premium
The company s new business premium (NBP) rose 24 per cent to Rs 2,062 crore, while renewal premium grew 23 per cent to Rs 2,963 crore during FY21
BusinessToday.In | May 4, 2021 | Updated 12:56 IST
Representative Image
SBI Life share hits 52-week high on 24% growth in new business premium
Share of SBI Life Insurance Company rose over 4 per cent in early trade a day after the company reported a 2 per cent increase in its net profit at Rs 1,460 crore for financial year 2020-21.
The stock touched a 52-week high of Rs 1,005.05. However, it shed all early gains amid profit booking. At 10:10 hours, it was quoting at Rs 965.65, up 0.65 per cent on BSE. ....

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FBD records dramatically reduced profits for 2020

February 26, 2021 7:58 am
FBD Holdings plc has announced a dramatic reduction in profits for 2020 in its preliminary announcement for last year, with Covid-19 having a severe impact on the company.
Profit before tax of €4.8 million was reported. Though well down on the €112.5 million recorded in 2019, the company said last year’s profit “reflects a strong underlying business performance and includes positive prior year claims reserve development of €23 million and an investment return of €10 million”.
The Commercial Court judgement delivered on February 5 “provides clarity” around the liability for Covid-19 pandemic business interruption claims relating to pub policies, FBD said.
Provision for this increased to €65 million – comprising best estimate net claims costs of €54 million and €11 million assumed for reinsurance reinstatement premium. ....

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