The Australian Defense Industry - Competitive landscape and Strategic Insights to 2016: Market Profile
- Published: May 2012
- Region: Australia
MELBOURNE (Standard & Poor's) May 24, 2004--The strong performance of Australia's nonlife insurance sector is likely to continue in 2004, despite indications of the insurance cycle peaking recently, according to a report released by Standard & Poor's Ratings Services. The Australian nonlife insurance sector had reported robust earnings for the reporting period to Dec. 31, 2003, with major participants exceeding market expectations or prospectus forecasts and, in some cases, repatriating dividends to offshore parents for the first time in some years. "The most telling feature of this stellar performance is in the combined ratio measure of claims and expenses to earned premiums-all of the five major participants recording underwriting profits with ratios under 95% for the 2003 period after a...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings)
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Australia (Commonwealth of) (Unsolicited Ratings)