Asia
Chinese Life announced its results for the first half of 2021. During the Reporting Period, the Company's operating income increased by RMB552.601 billion, an increase of 7.6% year-on-year, the Company achieved premium income of RMB442.299 billion, an increase of 3.5% year-on-year on a high base, and the value of new business for the six months ended June 30, 2021 was RMB29.867 billion. During the Reporting Period, net profit attributable to shareholders of the parent company was RMB40.975 billion, an increase of 34.2% year-on-year.
Ping An of China announces results for the first half of 2021. In the first half of the year, it achieved revenue of 687.788 billion yuan, compared with 683.28 billion yuan in the same period last year. Net profit in the first half of the year was 58.01 billion yuan, compared with 68.683 billion yuan in the same period last year. In the first half of the year, the operating profit attributable to the shareholders of the parent company was 81.836 billion yuan, an increase of 10.1% year-on-year. In the first half of 2021, the Company's impairment provision, valuation adjustment and other equity adjustments for Huaxia Happiness-related investment assets amounted to RMB35.9 billion, the impact on net profit attributable to shareholders of the parent company after tax was RMB20.8 billion, and the impact on the operating profit attributable to shareholders of the parent company after tax was RMB6.1 billion.
Chinese Insurance disclosed that the company achieved a total operating income of 313.73 billion yuan in the first half of 2021, an increase of 1.1% year-on-year; and achieved a net profit attributable to the mother of 16.88 billion yuan, an increase of 34% year-on-year. From the perspective of business structure, the operating income of property insurance was 208.71 billion yuan, accounting for 65.1% of revenue.
CPIC announces 2021 interim results. In the first half of the year, the operating income of CPIC Group was 252.512 billion yuan, an increase of 7.2% year-on-year, the operating profit attributable to the mother was 18.279 billion yuan, an increase of 4.9% year-on-year, and the group's intrinsic value was 474.431 billion yuan, an increase of 3.3% over the end of the previous year. Achieved a net profit of 17.304 billion yuan, an increase of 21.5% year-on-year. Life insurance business revenue was RMB141.449 billion, an increase of 2.1% year-on-year, and property insurance business revenue was RMB82.761 billion, an increase of 6.4% year-on-year.
Xinhua Insurance released its 2021 semi-annual report. During the reporting period, the company's operating income exceeded 132.08 billion yuan, an increase of 11.3% year-on-year. The insurance business revenue was about 100.61 billion yuan, an increase of 3.9% year-on-year. Net profit attributable to shareholders of the parent company was approximately RMB10.55 billion, up 28.3% year-on-year.
China Taiping released its 2021 financial interim report. From January 1, 2021 to June 30, 2021, the Company achieved operating income of HK$182.435 billion, an increase of 20.62% year-on-year, and net profit attributable to the parent company of HK$5.113 billion, an increase of 77.74% year-on-year.
China Reinsurance released its mid-2021 financial report. From January 1, 2021 to June 30, 2021, the company achieved operating income of 82.534 billion yuan, down 17.04% year-on-year, and net profit attributable to the parent company of 4.011 billion yuan, an increase of 62.55% year-on-year.
AIA Announces Results for the First Half of 2021. Total revenue for the period was $24,194 million, compared to $19,664 million for the same period last year. Net profit for the period was $3,269 million, compared to $2,183 million for the year-ago quarter. New business value increased 22% to $1,814 million. Intrinsic value equity was $70.1 billion, up 5% from December 31, 2020. Profit from after-tax operations rose 5% to US$3,182 million. The free surplus reached $17.9 billion, an increase of $4.4 billion from December 31, 2020.
Americas
Berkshire Hathaway reported second-quarter 2021 earnings. Total quarterly revenue was $69,114 million, compared to $56,840 million for the year-ago quarter. Net income attributable to shareholders for the quarter was $28,094 million, up 6.8% from $26,295 million for the same period in 2020. Operating profit excluding partial investment performance was $6,686 million, an increase of 21.3% from $5,515 million in the year-ago quarter. Profits in the rail, utilities and energy sectors grew, but profits in the huge insurance business units shrank.
MetLife announces second quarter 2021 results. Total quarterly revenue was $18,524 million, compared to $14,099 million for the year-ago quarter. Quarterly net income was $3,366 million, compared to $68 million for the year-ago quarter.
Prudential Financial, Inc. Announcement of second quarter 2021 results. Total quarterly revenue was $13,101 million, compared to $12,929 million for the year-ago quarter. Quarterly net income was $2,158 million, compared to a net loss of $2,409 million for the year-ago quarter.
Allstate Corporation announces second quarter 2021 results. Quarterly revenue was $12,646 million, compared to $10,403 million for the year-ago quarter. Quarterly net income was $1,595 million, compared to $1,224 million for the year-ago quarter.
American International Group (AIG) announces second quarter 2021 results. Total quarterly revenue was $10,681 million, compared to $9,396 million in the year-ago quarter. Quarterly net income was $91 million, compared to a net loss of $7,936 million for the year-ago quarter.
Travelers Companies announces second quarter 2021 results. Total quarterly revenue was $8,687 million, compared to $7,401 million for the year-ago quarter. Quarterly net income was $934 million, compared to a net loss of $40 million for the year-ago quarter.
Europe
Allianz Announces Second Quarter 2021 Results. Total quarterly revenue was €34.3 billion, compared to €30.9 billion in the year-ago quarter. Net profit attributable to the parent quarter was EUR 2,225 million, compared to EUR 1,528 million in the previous year. Among them, the property accident business revenue was 13.9 billion euros, the life and health insurance business revenue was 18.5 billion euros, and the asset management business revenue was 2 billion euros.
Axa France announces results for the first half of 2021. Revenue for the period was EUR 53,865 million, compared to EUR 52,391 million in the same period last year. Net profit for the period was EUR 3,996 million, compared to EUR 1,429 million for the same period last year.
Italy's Generali Group announces results for the first half of 2021. Premium income was €38,093 million, compared to €36,478 million in the year-ago quarter. Of this, life insurance was 25.791 billion euros and property and casualty insurance was 12.301 billion euros. Operating profit for the period was EUR 2,996 million, compared to EUR 2,714 million in the previous year. Net profit was EUR 1.54 billion, compared to EUR 774 million in the same period last year.
Zurich Insurance Group announces results for the first half of 2021. Total revenue for the period was EUR 34,905 million, compared to EUR 22,527 million in the same period last year. Attributable net profit was EUR 2,193 million, compared to EUR 1,181 million in the year-ago quarter.
Chubb Corp announces results for the first half of 2021. Premium income was US$22,405 million, compared to US$19,792 million in the year-ago quarter. Net profit for the period was $4,565 million, compared to a net loss of $79 million for the same period last year.
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