Edition:
United States

Life & Health Insurance

Page 3

Delta Lloyd Q1 solvency standard formula ratio stable at 144 pct within target range

Thursday, 18 May 2017 01:00am EDT

May 18 (Reuters) - DELTA LLOYD NV ::Q1 SOLVENCY STANDARD FORMULA RATIO STABLE AT 144% WITHIN TARGET RANGE (YEAR-END 2016: 143%).Q1 GROSS WRITTEN PREMIUMS (GWP) IN GENERAL INSURANCE DECREASED TO EUR 447 MILLION (3M 2016: EUR 465 MILLION).Q1 COMBINED RATIO OF 97.9 PERCENT VERSUS 97.0 PERCENT YEAR AGO.AT END Q1 TOTAL ASSETS UNDER MANAGEMENT WERE DOWN MODESTLY AT EUR 69 BILLION (YEAR-END 2016: EUR 71 BILLION),.Q1 VOLUME OF LIFE NEW BUSINESS (SII NAPI) DECREASED TO € 119 MILLION (3M 2016: € 132 MILLION),.FROM THE SECOND QUARTER 2017, OUR RESULTS WILL BE REPORTED AS PART OF NN GROUP.

Industrial Alliance Q1 earnings per share c$1.03

Thursday, 11 May 2017 08:41am EDT

May 11 (Reuters) - Industrial Alliance Insurance And Financial Services Inc :Industrial alliance reports first quarter results - strong business growth topped by rebound in mutual fund sales.Q1 core earnings per share c$1.07.Q1 earnings per share c$1.03.Q1 earnings per share view c$1.10 -- Thomson Reuters I/B/E/S.Sees q1 earnings per share c$1.00 to c$1.10.Industrial alliance insurance and financial services inc - qtrly premiums and deposits of $2.8 billion, up 42 percent.Industrial alliance insurance and financial services inc - sees fy earnings per common share of $4.65 to $5.05.Industrial alliance insurance and financial services inc - sees fy dividend payout ratio range of 25% to 35% with target being mid-point.

Prudential Financial says may shed "too big to fail" label- conf call

Thursday, 4 May 2017 12:10pm EDT

May 4 (Reuters) - Prudential Financial Inc :Believes that it "ultimately may not end up" as a systematically important financial institution (sifi) - conf call.Prudential financial says "tone of things is moving in the right direction in terms of ... Non-Bank sifis in general" - conf call.Prudential financial says capacity for pension risk transfer business is "holding steady if not increasing" - conf call.Prudential financial's pension risk transfer business "will remain episodic," but there is "robust pipeline" - conf call.

April Group diversifies its business in Brazil with the acquisition of Public Broker

Thursday, 4 May 2017 02:31am EDT

May 4 (Reuters) - April SA ::Reg-April: the April Group diversifies its business in Brazil with the acquisition of Public Broker.Extends its operations in Brazil to group private insurance by acquiring a 60 pct ty stake in Public Broker.APRIL purchased 60 pct of shares in Public Broker, while the remaining 40 pct will be kept by its founding partners, who will retain their existing positions at the company. The transaction was financed with group cash.

Trupanion says Q1 revenue rose 28 percent to $54.7 mln

Tuesday, 2 May 2017 04:05pm EDT

May 2 (Reuters) - Trupanion Inc :Trupanion reports first quarter 2017 results.Q1 revenue rose 28 percent to $54.7 million.Trupanion Inc says total enrolled pets was 364,259 at march 31, 2017, up 19% over prior year period.Trupanion Inc says q1 subscription business revenue was $50.2 million, an increase of 28% compared to q1 of 2016.Trupanion Inc says subscription enrolled pets was 334,909 at march 31, 2017, up 17% over prior year period.Trupanion Inc - qtrly loss per share $0.05.Q1 earnings per share view $-0.06, revenue view $53.4 million -- Thomson Reuters I/B/E/S.

Old Mutual says terminated contract with IFDS

Tuesday, 2 May 2017 03:50am EDT

May 2 (Reuters) - Old Mutual Plc ::Terminated its contract with IFDS for "bluedoor" back-end investment administration platform.Has contracted with FNZ to deliver platform and outsourcing services..Expect an enhanced customer and adviser proposition supplied by FNZ to be operational for new business by late 2018/early 2019.Preliminary cost estimates for operational delivery of FNZ system are of order of 120-160 mln stg.New platform is expected to provide additional functionality that was not included in previous arrangements..Management estimate this would have cost in excess of a further £50 million and taken a further two years post migration to deliver..Decisions do not affect Old Mutual Plc's managed separation..

Swiss Re Life Capital Ltd to raise stake in Lifenet Insurance to 11.1 pct from 0 pct

Friday, 17 Mar 2017 06:48am EDT

Lifenet Insurance Co <7157.T>: Says Swiss Reinsurance Company Ltd will sell its entire 11.1 percent stake in the co to Swiss Re Life Capital Ltd at 2.17 billion yen in total .Says Swiss Re Life Capital Ltd will hold 11.1 percent stake in the co after the acquisition.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary