Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in natural catastrophes in recent years continue to face higher premiums on policies.
Higher interest rates have also given insurance investment portfolios a boost, industry sources say.
Germany’s Allianz (ALVG.DE), opens new tab beat forecasts with a 7.5% rise in second-quarter net profit and said it was on track to meet its full-year target, while Zurich Insurance (ZURN.S), opens new tab posted record profit, opens new tab and said it would likely exceed its 2025 targets.
Source: REUTER
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