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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%).

Prudential announces new leadership structure for U.S. businesses

Thursday, 20 Jul 2017 08:58am EDT

July 20 (Reuters) - Prudential Financial Inc ::Prudential announces new leadership structure for U.S. businesses.Prudential financial Inc says under new structure, to be effective in Q4 2017, co's five U.S. businesses will be aligned under three groups.Prudential financial says Lori Fouché to lead Individual Solutions group, Andy Sullivan to lead Individual Solutions group.Prudential Financial says Investment Management group will continue to be led by David Hunt.Says co's U.S. businesses will be aligned under individual solutions, workplace solutions and investment management groups.

Wüstenrot & Württembergische raises 2017 income forecast

Friday, 30 Jun 2017 04:13am EDT

June 30 (Reuters) - WUESTENROT & WUERTTEMBERGISCHE AG :DGAP-ADHOC: WÜSTENROT & WÜRTTEMBERGISCHE AG: W&W GROUP ADJUSTS INCOME FORECAST.‍CONSOLIDATED NET PROFIT FOR 2017 WILL MOST LIKELY SURPASS PREVIOUS-YEAR FIGURE OF EUR 235 MILLION NOTICEABLY​.UPWARD ADJUSTMENT OF FORECAST BASED ON GROWTH IN NEW BUSINESS, EFFECTS OF SALES AND CUSTOMER CARE MEASURES, VERY GOOD CLAIMS TREND IN PROPERTY INSURANCE.BUSINESS PERFORMANCE IN YEAR TO DATE DOES NOT NECESSARILY MEAN THAT INCOME WILL CONTINUE TO DEVELOP IN SAME WAY BEYOND 2017.

Metlife issues $1.5 bln aggregate amount of 3.700 pct senior notes

Thursday, 22 Jun 2017 05:00pm EDT

June 22 (Reuters) - Metlife Inc -:Metlife-Unit issued $1.5 billion aggregate amount of 3.700% senior notes due 2027, $1.5 billion aggregate amount of 4.700% senior notes due 2047 in private offering.Has initially guaranteed the notes on a senior unsecured basis.Metlife - if a unit's stock distribution event not occurred on/prior to Dec 31, 2017, it must redeem notes on tenth business day following Dec 31.

Metlife Inc announces management changes

Thursday, 15 Jun 2017 08:00am EDT

June 15 (Reuters) - Metlife Inc ::Metlife inc - announced a series of changes to its senior leadership ranks​.Metlife - Michel Khalaf to become President of U.S. Business while retaining role as president of EMEA; Marty Lippert to assume responsibility for Metlife Holdings.Metlife inc - Chief Risk Officer, Stan Talbi, will retire at end of august.Metlife inc - Ramy Tadros will join metlife in September as company's new chief risk officer.

Sanlam Group says key trends emerging during 2016 persisted into 2017

Wednesday, 7 Jun 2017 07:55am EDT

June 7 (Reuters) - Sanlam Ltd :Group maintained a resilient operational performance for first four months of 2017 financial year.Key trends emerging during 2016 financial year persisted into 2017.Sanlam - strong growth in more profitable recurring premium risk business in south africa supported sterling growth in value of new life business at a higher overall margin.First four months of 2017 was a very eventful period for south africa.For four months to 30 april 2017, new business volumes of r71 billion, down 4% on first four months of 2016 financial year.For four months to april 30, normalised headline earnings per share increased by 9% compared to first four months of 2016 financial year.All of group operations remain well capitalised.

W&W AG says it is assessing options for Wustenrot Bank AG Pfandbriefbank

Wednesday, 31 May 2017 03:40pm EDT

May 31 (Reuters) - Wuestenrot & Wuerttembergische Ag ::W&W AG is assessing options for Wüstenrot Bank Ag Pfandbriefbank.Options range from further focusing business activities through cooperations to sale of bank.

Liberty Holdings Q1 group indexed new business up 6 pct

Thursday, 18 May 2017 11:00am EDT

May 18 (Reuters) - Liberty Holdings Ltd ::Upward trend in group sales observed in H2 2016 continued in Q1 of 2017, with group indexed new business up 6% compared to Q1 of 2016.New business margins for quarter remained under pressure.Says lower economic growth and rand volatility during quarter continued to impact operating performance.Q1 ended 31st March assets under management amounted to 682 bln rand (31 December 2016: 676 bln rand).Says group remains well capitalised post downgrade of south africa's sovereign credit rating in april 2017.

NN Group Q1 operating result ongoing business rises to 406 million euros

Thursday, 18 May 2017 01:00am EDT

May 18 (Reuters) - NN GROUP NV ::Q1 OPERATING RESULT ONGOING BUSINESS EUR 406 MILLION VERSUS EUR 316 MILLION IN REUTERS POLL.Q1 SOLVENCY II RATIO OF 238 PERCENT VERSUS 239 PERCENT IN REUTERS POLL.Q1 NET RESULT EUR 435 MILLION VERSUS EUR 270 MILLION YEAR AGO.Q1 GROSS PREMIUM INCOME (ONGOING BUSINESS) EUR 3.40 BILLION VERSUS EUR 3.28 BILLION YEAR AGO.Q1 NEW SALES LIFE INSURANCE (APE) EUR 620 MILLION VERSUS EUR 478 MILLION YEAR AGO.COST SAVINGS IN THE NETHERLANDS OF EUR 14 MILLION IN THE FIRST QUARTER OF 2017 BRINGING THE EXPENSE BASE DOWN TO EUR 748 MILLION.PRO-FORMA SOLVENCY II RATIO OF NN GROUP INCLUDING DELTA LLOYD IS ESTIMATED AT APPROXIMATELY 180% AT END OF Q1.

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