• Net premiums earned rose by 6% for 9M 20.
• Net result attributable to shareholders was a loss of $691m for 9M 20 compared to net income of $1.34bn for 9M 19.
• COVID-19-related claims and reserves rose from $2.5bn for H1 20 to $3.0bn for 9M 20.
• Net income of $444m for Q3 20 was above consensus expectations of $248m.
30 Oct 2020
9M 20 loss but profit for Q3 owing to lower Covid-19 claims
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9M 20 loss but profit for Q3 owing to lower Covid-19 claims
• Net premiums earned rose by 6% for 9M 20.
• Net result attributable to shareholders was a loss of $691m for 9M 20 compared to net income of $1.34bn for 9M 19.
• COVID-19-related claims and reserves rose from $2.5bn for H1 20 to $3.0bn for 9M 20.
• Net income of $444m for Q3 20 was above consensus expectations of $248m.