Global Insurance Report 2025: Finding profitable personal lines growth
Positive profit alert in 1H24E; Strong order momentum to continue into 2H24/FY25E
–1H23 profit warning worse than feared; Maintain Hold
–Net profit in 2Q23 +19% YoY; Higher R&D spending but still a set of good quality results
1Q23 beat with sustainable profitability ahead
An increment in the profit attributable to shareholders
pricing-for-profit_august-2011
1H23 core profit +10% YoY; positive on the structural growth and mgmt. execution
1Q24 core earnings beat estimates; Shifted to profitable growth strategy
Growing non-GAAP profit