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Life & Health Insurance

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Old mutual's OMAMA says pricing of public offering of 6,039,630 ordinary shares

Wednesday, 15 Nov 2017 09:40am EST

Nov 15 (Reuters) - OLD MUTUAL PLC ::SAYS ‍OM ASSET MANAGEMENT PLC ANNOUNCES PRICING OF PUBLIC OFFERING OF 6,039,630 OF ORDINARY SHARES FOR AGGREGATE PROCEEDS OF ABOUT $94 MILLION​.‍PUBLIC OFFERING IS EXPECTED TO CLOSE ON 17 NOVEMBER 2017​.‍ORDINARY SHARES ARE BEING OFFERED BY OLD MUTUAL PLC ('OLD MUTUAL'), THROUGH ITS WHOLLY OWNED SUBSIDIARY, OM GROUP (UK) LIMITED​.‍OMAM WILL NOT SELL ANY SHARES IN OFFERING AND WILL NOT RECEIVE ANY PROCEEDS FROM SALE OF SHARES​.

Banco Bpm to sell 65 pct stake in Avipop and Popolare Vita to Cattolica for Euro 853.4 mln

Friday, 3 Nov 2017 03:40pm EDT

Nov 3 (Reuters) - Banco Bpm :Banco Bpm-‍reached agreement for sale of a 65% stake in Avipop Assicurazioni and popolare vita to Cattolica Assicurazioni, for euro 853.4 million​.Banco Bpm says ‍cattolica will have management control of insurance companies. Banco bpm will keep holding veto powers on significant strategic matters​.Banco Bpm says ‍Cattolica will finance this transaction with internal resources and by accessing debt capital markets.​.Banco Bpm says ‍transaction will be accretive on Cattolica's earnings, while designed financing structure will preserve its solid capital ratios​.‍Cattolica will appoint CEO of insurance companies, while Banco Bpm will appoint general manager​.

Bookrunner to place about 93 mln shares in Just Group ABB

Monday, 25 Sep 2017 11:39am EDT

Sept 25 (Reuters) - Bookrunner::BLOCK TRADE - JUST GROUP : BOOKRUNNER TO SELL C.93 MILLION SHARES IN JUST GROUP, WHICH REPRESENTS APPROXIMATELY 10% OF COMPANY'S ISSUED SHARE CAPITAL.BLOCK TRADE - JUST GROUP : BOOKRUNNER SAYS PLACING SHARES ARE BEING OFFERED BY WAY OF ABB, TO BE LAUNCHED IMMEDIATELY FOLLOWING THIS ANNOUNCEMENT.BLOCK TRADE - JUST GROUP : BOOKRUNNER SAYS BARCLAYS BANK AND NUMIS SECURITIES ACTING AS JOINT BOOKRUNNERS IN CONNECTION WITH PLACING.

Sanlam says ‍HY new business volumes down 4 pct

Thursday, 7 Sep 2017 01:06am EDT

Sept 7 (Reuters) - Sanlam Ltd ::‍HY GROUP EQUITY VALUE PER SHARE OF R54.69​.‍HY RETURN ON GROUP EQUITY VALUE PER SHARE OF 6.1% FOR SIX-MONTH PERIOD​.HY ‍NET FUND INFLOWS OF R19 BILLION COMPARED TO R22 BILLION IN 2016​.‍HY NEW BUSINESS VOLUMES DECLINED BY 4% TO R110 BILLION (DOWN 2% IN CONSTANT CURRENCY)​.HY ‍NET VALUE OF NEW COVERED BUSINESS UP 11% TO R782 MILLION (UP 17% IN CONSTANT CURRENCY)​.‍SANLAM GROUP SAM COVER RATIO OF 2.1 TIMES; SANLAM LIFE INSURANCE LIMITED SAM COVER RATIO OF 3 TIMES​.HY DILUTED HEADLINE EARNINGS PER SHARE AT 225,3 CENTS VERSUS 277,2 CENTS YEAR AGO.‍DISPOSAL OF GROUP'S STAKES IN ENTERPRISE GROUP IN GHANA WILL ALSO IMPACT ON FULL-YEAR GROWTH FOR 2017 AND 2018​.‍PROSPECTS FOR SOUTH AFRICA WILL REMAIN MUTED FOR REMAINDER OF 2017 AND 2018​.

MMI Holdings says FY core diluted HEPS at 200 cents/shr

Wednesday, 6 Sep 2017 01:05am EDT

Sept 6 (Reuters) - MMI Holdings Ltd ::FY NEW BUSINESS VOLUMES ARE DOWN 6 pct YEAR-ON-YEAR TO R41.6BN.MMI HOLDINGS LTD - ‍DECLARED A 92 CENT PER SHARE FINAL DIVIDEND WHICH RESULTS IN A FULL YEAR DIVIDEND OF 157 CENTS PER SHARE IN RESPECT OF F2017​.FY DILUTED CORE HEADLINE EARNINGS PER SHARE AT 200 CENTS VERSUS 199.9 CENTS YEAR AGO.‍OUTSIDE OF EXISTING OPERATIONS WE HAVE ALSO SET ASIDE R1.0BN TO FUND STRATEGIC INITIATIVES​.

Clientèle Ltd says FY diluted HEPS up 13pct

Monday, 21 Aug 2017 11:00am EDT

Aug 21 (Reuters) - Clientèle Limited ::FY DILUTED HEADLINE EARNINGS PER SHARE INCREASED BY 13% TO 139.06 CENTS.FY DIVIDENDS DECLARED PER SHARE INCREASED BY 15% TO 115.00 CENTS.FY NET INSURANCE PREMIUMS INCREASED BY 8% TO R1.9 BILLION.FY NET INSURANCE PREMIUMS INCREASED BY 8% TO R1.9 BILLION (2016: R1.7 BILLION).FY NEW BUSINESS PROFIT MARGINS HAVE CONSEQUENTLY DECLINED TO 21.4%.FY NEW BUSINESS PROFIT MARGINS HAVE CONSEQUENTLY DECLINED TO 21.4%.

Prudential CEO-looking at "external and internal options" for UK annuities book

Thursday, 10 Aug 2017 06:22am EDT

Aug 10 (Reuters) - Prudential :Chief executive mike wells says looking at "external and internal options" for uk annuities book.Chief executive mike wells says m&g, prudential uk & europe will start working together from today.Chief executive mike wells says "we're not looking to get rid of the entire book of annuities".

Liberty Holdings says HY normalised HEPS 456.7 cents

Friday, 4 Aug 2017 01:19am EDT

Aug 4 (Reuters) - Liberty Holdings Ltd :HY BASIC EARNINGS PER SHARE 568,5 CENTS VERSUS 666,9 CENTS.INTERIM DIVIDEND OF 276 CENTS.HY NORMALISED HEADLINE EARNINGS PER SHARE 456.7 CENTS VERSUS 650 CENTS YEAR AGO.HY TOTAL ASSETS UNDER MANAGEMENT 688 BILLION RAND VERSUS 679 BILLION RAND.HY HEADLINE EARNINGS OF R1 540 MILLION WERE DOWN 15% COMPARED TO R1 813 MILLION IN PRIOR PERIOD.CAPITAL ADEQUACY RATIO AT 2,82 AT PERIOD END (31 DECEMBER 2016: 2,95).HY BUSINESS SALES GREW BY 10% TO R3,9 BILLION COMPARED TO PRIOR PERIOD.HY NEW BUSINESS MARGINS AT 0.4%.HY GROUP NET CUSTOMER CASH INFLOWS OF R5,7 BILLION (30 JUNE 2016: R0,5 BILLION).

UniCredit CEO says happy for bank to remain Mediobanca investor

Thursday, 3 Aug 2017 05:05am EDT

Aug 3 (Reuters) - UniCredit Chief Executive Jean-Pierre Mustier tells analysts on a conference call: :happy for bank to remain shareholder of Mediobanca and to participate in renewal of shareholders pact, sale of stake would be capital negative now.when asked about Generali, says supports the existence of large, independent insurance companies in Italy .2017 targets unchanged except for lower cost of risk forecast, confident about meeting goals of business plan to 2019.

Aviva H1 operating profit rises 11 percent

Thursday, 3 Aug 2017 02:00am EDT

Aug 3 (Reuters) - Aviva Plc :Interim dividend 8.4 penceper share.H1 operating profit rose 11 percent to 1.465 billion stg.Half-Year report part 1 of 4.Operating profit, up 11%.Increasing interim dividend per share by 13% to 8.4p.Operating profit up 11% to £1,465 million (hy16: £1,325 million).Operating eps up 15% to 25.8p (hy16: 22.4p).Ifrs profit after tax £716 million (hy16: £201 million).Solvency ii coverage ratio of 193% 1 (fy16: 189%).Operating capital generation £1.1 billion (hy16: £1.2 billion).General insurance net written premiums up 11% 3 to £4,688 million (hy16: £3,991 million).Value of new business up 27% 3 to £596 million (hy16: £448 million).Aviva investors fund management operating profit up 45% to £71 million (hy16: £49 million).Total group assets under management £475 billion (fy16: £450 billion).General insurance combined operating ratio 94.5% 4 (hy16: 95.7%).

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