earnings News

Powerful Typhoons Scar Japanese Non-Life Insurers’ Earnings

A string of powerful typhoons that struck Japan has left scars on the country’s non-life insurers, with industry giants likely forced to pay a combined $8 billion in insurance payments in the current fiscal year that ends in March. Japan’s …

Allianz Increases Dividend After Profit

Insurance company Allianz says it is increasing its dividend to 5.30 euros ($7.27) from 4.50 euros a share after profits rose 15 percent last year. The Munich-based company said Thursday its net income attributable to shareholders reached 6 billion euros …