Discovery Ltd : Fy normalised profit from operations r6.41 billion up 11% . Fy gross inflows under management r104 billion up 17% . Fy normalised headline earnings were r4.3 billion, +7%; and normalised headline earnings per share grew 1% . Sees strong performance from existing businesses going forward; spend on new initiatives to reduce over time, absent of intent to enter banking . Fy normalised diluted heps 671.1 cents versus 663.0 cents year ago . Fy diluted heps 566.7 cents versus 870.2 cents year ago .Final gross cash dividend of 90 cents (76.5 cents net of dividend withholding tax) per ordinary share.
New China Life Insurance Co Ltd <601336.SS>: As at 30 June, changes in accounting estimates resulted in increase in liabilities of life insurance contracts by RMB772 million . Adopted prospective application method to deal with changes in accounting estimates, and no retroactive adjustment required . As at 30 June, changes in accounting estimates resulted in reduction of profit before tax by RMB1.553 billion for HY .
Mutual Benefits Assurance Plc : FY 2015 group profit before income tax 1.20 billion naira versus 4.98 billion naira year ago . FY net premium income of 7.73 billion naira versus 9.34 billion naira year ago Source: http://bit.ly/2bUmQXq Further company coverage: [MBENEFI.LG] (Bangalore.firstname.lastname@example.org).
Italian stocks: Shares in insurer Assicurazioni Generali and bank UniCredit little changed at open after exclusion from EURO STOXX 50 stock index <.STOXX50> . Broker ICBPI says in a note the revision forces passive funds such as ETFs to adjust their portfolios accordingly . By 0707 GMT shares in Generali rise 0.4 percent, UniCredit gains 1.7 percent Further company coverage: [GASI.MI] [CRDI.MI] (Reporting by Milan Newsroom).
Swiss Life Holding Ag says : has exercised its call option to redeem all outstanding amount of its 500 million Swiss franc guaranteed perpetual callable capital securities as per the First Call Date (4 October 2016) Further company coverage: [SLHN.S] (Reporting By Zurich newsroom) ((email@example.com; +41 58 306 7336;)).
Turners Ltd : Turners signs further three-year deal with Custom Fleet NZ .
Delta Lloyd : Has signed a letter of intent with Ansvar Verzekeringsmaatschappij for the sale of Xclusief portfolio . Also discontinue its prominent portfolio and landbouw portfolio in underwriting agency channel .Effective date of envisaged sale is January 1st 2017.
MMI Holdings Ltd : Trading statement . FY diluted headline earnings per share are expected to be between 130 and 140 cents per share, a decrease of between 23 and 28 percent . Decrease in core headline earnings mainly result of lower underwriting profits in certain units, a slow-down in health administration profits .Says annualised return on embedded value is expected to be between 11 and 14 percent.
Chesnara Plc : Says could move HQ to Amsterdam, depending on EU/UK regulatory environment . Says preferred scenario is to maintain HQ in Preston, northwest England Further company coverage: [CSN.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).