• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Americans now view this figure as the benchmark for being wealthy

July 11, 2025

10 AI-Proof Jobs With Highest Pay, Fastest Growth

July 11, 2025

Photos: Allen & Co. Sun Valley Billionaire Summer Camp

July 11, 2025
Facebook Twitter Instagram
Trending
  • Americans now view this figure as the benchmark for being wealthy
  • 10 AI-Proof Jobs With Highest Pay, Fastest Growth
  • Photos: Allen & Co. Sun Valley Billionaire Summer Camp
  • Nvidia CEO Jensen Huang Now as Wealthy as Warren Buffett
  • Using Legal Authority Over An Aging Parent
  • Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances
  • Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here
  • This Former NFL Player Built a Brand Around Nasal Breathing
Friday, July 11
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Key Insurance reports 51.3% surge in pre-tax profit
Investing

Key Insurance reports 51.3% surge in pre-tax profit

News RoomBy News RoomNovember 25, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

© Reuters.

KEY Insurance Company has reported a significant increase in its financial performance for the nine-month period ending September 30, with a pre-tax profit of $41.1 million, marking a 51.3% year-over-year rise. The company’s revenue also saw a substantial boost, climbing by 22.4% to reach $361.6 million, largely propelled by its non-motor portfolio which contributed $223.2 million.

Chairman Don Wehby and GraceKennedy Group CEO highlighted the resilience and strategic planning that have underpinned the company’s success, particularly emphasizing the growth in non-motor premiums as a key driver of this performance. General Manager Tammara Glaves-Hucey echoed this sentiment, noting that the strategic initiatives to expand non-motor premiums were integral to the revenue increase.

Despite facing increased claims costs that resulted in a 9.7% rise in insurance service expenses, totaling $72.8 million, KEY’s focus on operational efficiency and market share expansion has not wavered. The company remains optimistic about its future financial performance as it continues to deliver value to stakeholders and enhance profitability through strategic planning and resilience in a challenging economic landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Americans now view this figure as the benchmark for being wealthy

Personal Finance July 11, 2025

10 AI-Proof Jobs With Highest Pay, Fastest Growth

Make Money July 11, 2025

Photos: Allen & Co. Sun Valley Billionaire Summer Camp

Investing July 11, 2025

Nvidia CEO Jensen Huang Now as Wealthy as Warren Buffett

Make Money July 11, 2025

Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances

Burrow July 11, 2025

Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here

Make Money July 11, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

10 AI-Proof Jobs With Highest Pay, Fastest Growth

July 11, 20250 Views

Photos: Allen & Co. Sun Valley Billionaire Summer Camp

July 11, 20250 Views

Nvidia CEO Jensen Huang Now as Wealthy as Warren Buffett

July 11, 20250 Views

Using Legal Authority Over An Aging Parent

July 11, 20250 Views
Don't Miss

Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances

By News RoomJuly 11, 2025

Ford Motor Co. / Money Talks NewsFord is recalling the vehicles because the fuel pump…

Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here

July 11, 2025

This Former NFL Player Built a Brand Around Nasal Breathing

July 10, 2025

What My First Failed Startup Taught Me — and How I Finally Got It Right 20 Years Later

July 10, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.