Aggregated News From Investment Management Regulators

Insurance Market Financial Report for the First Quarter 2018

Report/Flag

Please complete the required fields.



  • For the period January-March 2018, insurance companies registered sales for MMUS$ 3,478, which represented a real increase of 5.2% compared to the same period in 2017, whereas profits reached MMUS$ 195, the equivalent of a real drop of 42.8% regarding the first quarter last year.

August 9th, 2018.- Today, the Financial Market Commission (CMF for its initials in Spanish) made public the Insurance Market Financial Report belonging to the first quarter of the 2018 financial year.

This market, as a whole, recorded sales for MMUS$ 3,478 between January and March 2018, which accounted for a real increase of 5.2% regarding the same time period last year, whereas its profits reached MMUS$ 195, a figure that represented a real drop of 42.8% regarding the first quarter of 2017.

Regarding the insurance companies’ investments portfolio, both life and general insurances were made up mainly of domestic fixed income instruments, at 58.8% and 76.6%, respectively.

At the end of the first quarter of 2018, life insurance market sales had a real increase of 5.3%, compared to the same period in 2017 when recording amounts for MMUS$ 2,493, whereas general insurance market increased 5% during the same period, adding MMUS% 985.

Regarding outcomes, the life insurance market reached profits for MMUS$ 186.8, which represented a real drop of 43.9% concerning the period January-March last year, due to a lesser investment outcome, associated to the worst stock market performance and the rise of income rates, for a higher sale of life annuities (19.1% increase in the period).

On the other hand, in the third quarter this year, general insurance companies recorded profits for MMUS$ 8.7, which meant a real increase of 1.3% concerning the ones observed in the same period in 2017, primarily due to the rise of the contribution margin, whose effect was mitigated by the increase of administration costs and a lesser investment outcome.

Link to the Insurance Market Financial Report

Click here

Source link

Regulator Information

Recent Articles

SEC Charges Two Canadian Software Engineers with Insider Trading

Washington D.C., Sept. 30, 2022 — The Securities and Exchange Commission today announced insider trading charges against two Canadian software engineers who made $1.

AMF Chair: Proposal to appoint Marie-Anne Barbat-Layani

Yesterday, the President of the Republic put forward the name of Marie-Anne Barbat-Layani to chair the AMF.

Get the latest from Regulatory.News in your inbox!

×