mlennyma wrote:The optimist wrote:Dismal performance.
this insurance companies give very good H1 results only to erode the gains in full year to the extend of some reporting declines,I guess claims pile towards year end, its becoming risky.
Increase in Insurance Contract Liabilities from 490M to 882M an 80% increase is partly to blame for the flat results. Another factor is 40M other loss.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.