Skandia reports huge profit increase in core business, but nonlife struggles

Article Abstract:

Skandia Group Forsakrings AB announced that its core operating profits in the first half of 1999 more than doubled. The group's operating profits more than doubled to 2.24 billion kronor (254.3 million euros) during the period. However, Skandia's nonlife insurance operations posted a drop in earnings. The group posted 1.02 billion kronor in operating profits during the first-half of 1998.

Sweden, Skandia Group Forsakrings AB

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Big losses are forecast for Lloyd's

Article Abstract:

This article discusses Lloyd's of London's financial fortunes. The property and casualty insurance provider is expected to fare poorly in the near future, as the competition intensifies, rates are declining, and the insurance premiums tumble. Analysts predict Lloyd's losses to top 1 billion Pounds Sterling.

Statistical Data Included, Brief Article, Lloyd's of London

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Warning by Chubb may do damage to takeover value

Article Abstract:

Chubb PLC is expecting to post lower than expected financial results for the 2003 first half and full-year periods. The forecast may have damaged Chubb's acquisition value.

Forecasts and trends, Market trend/market analysis, Company sales and earnings, Company earnings/profit, Security measures, Security systems, Electronic security systems, Chubb PLC

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