Re,
Quoting insurance premium increases as evidence of 'climate change'



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Insurer profits reveal huge greedflation amid rising premiums
News.com.au

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29 June 2024 — Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage and then reinvesting those premiums ...



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Berkshire Hathaway's insurance businesses have, for many years, generated underwriting profits, allowing Buffett to play with “house money”. This emphasis on profitability demonstrates Buffett's classic value investing approach: buying businesses that generate consistent, reliable profits over time. 3 May 2024




And ...

Suncorp records fivefold boost in insurance half-year profit amid spike in premiums

This article is more than 5 months old

Increase to $203m more than compensates for falls in company’s banking and personal injury divisions

Suncorp has recorded a more than fivefold boost to its half-year profits derived from its insurance customers to $203m, even as households get squeezed by fast-rising premiums for home, contents and motor policies.The Brisbane-headquartered company joins rival QBE in reporting greatly expanding profit margins derived from general insurance, a sector that is a standout contributor to recent inflation amid double-digit annual premium increases.On Monday, Suncorp reported a 5.4% lift in overall net profit to $582m, bankrolled by its insurance arm, which more than compensated for a fall in profits in its banking and personal injury divisions.Profits derived from its consumer insurance division, which includes well-known brands Aami, GIO, Suncorp Insurance and Shannons, were up more than 530%, with underlying profit margins also rising sharply.

The insurer credited the result to strong premium growth, an increase in customer numbers and targeted price increases.

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