Re,
Quoting insurance premium increases as evidence of 'climate change'
Insurance profits surge on rising premiums. IAG boss ...Australian Broadcasting Corporation
15 Feb 2024 — Two of Australia's biggest insurance companies have posted bumper profits today as policy holders struggle with the higher cost of living ...
Insurer profits reveal huge greedflation amid rising premiums
News.com.au
1 Mar 2024 — Coles and Woolies have been slammed for jacking up prices, but another industry is increasing them at the fastest rate in 22 years...
How Do Insurance Companies Make Money?
29 June 2024 — Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage and then reinvesting those premiums ...
Why Buffett likes insurance companies?
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 oldIncrease 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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