Reinsurance News


Truist Financial’s Q2 net income rises to $1.6bn

16th July 2021

Purpose-driven financial services firm Truist Financial Corporation has announced a second quarter net income of $1.6 billion, up 73% compared to last year’s quarter. Results for the quarter also produced an annualised return on average assets (ROA) of 1.28%, an annualised return on average common shareholders' equity of 10.1% and an ... Read the full article

Truist sees rise in net income as insurance segment delivers record performance

15th April 2021

Truist Financial Corporation, a purpose-driven financial services company, has reported net income of $1.3 billion and adjusted net income of $1.6 billion for the first-quarter of 2021, driven in part by the record performance of its insurance operation in the period. Year-on-year, net income and adjusted net income increased by 35.3% ... Read the full article

Truist grows Q1 income, reserves $893mn for COVID-19

20th April 2020

Truist Financial Corp. grew its income by 31.6% to $986 million during the first quarter of 2020, despite merger-related and restructuring charges as well as "discretionary actions" related to the coronavirus (COVID-19) pandemic. The company also added $893 million to its reserves during the quarter to address expected future losses related ... Read the full article

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