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Financial Times

Prudential may earmark annuity sale proceeds for acquisitions
Financial Times
Life insurance new business profits hit £2.47bn in the first nine months of the year, an increase of 17 per cent on the same period last year. Business in Asia helped drive growth. Prudential said that higher sales and benefits from higher interest ...
Sun rises in east for Prudential as it aims to double growth in ChinaThe Times
Prudential reaps rewards of higher interest rates in US and AsiaAberdeen Evening Express
Prudential Plc announces huge rise in business profitsInsurance Business

all 27 news articles »


FT Adviser

Phoenix Life drops with profit exit fees
FT Adviser
“Sometimes these guarantees are quite complicated and come in various forms, such as guaranteed annuity rates, guaranteed cash sums, or annual returns and so on. “All of this needs to be weighed up with the benefits obtained by the pension flexibility ...



Financial Times

Legal & General looks to expand in US
Financial Times
In 2008, European companies were behind six of the top 20 individual annuity providers in the US, according to data from Limra, an industry research organisation. ... The unit, which L&G has owned for the past 30 years, made profits of £85m last year.



FT Adviser

Pru readies annuities book for sale
FT Adviser
“The current era of low interest rates together with improvements in mortality rates and increased solvency capital requirements has meant insurers such as Prudential face higher costs and lower profits when setting up new annuities. "As such, it is ...



Forbes

What Insurance Companies Don't Want You To Know About Retirement Annuities
Forbes
Selling annuities provides insurance companies with a long-term -- if unspectacular -- flow of profit, but that's not enough for some companies. Not content with a fair profit earned from issuing and backing basic income annuity contracts, many ...



Financial Times

Macquarie shares hit new high on record profit
Financial Times
Australia's biggest investment bank benefited from a strong performance from its “annuity-style” businesses that generate recurring income, which enabled the group to report a 19 per cent year-on-year increase in net profit after tax to A$1.24bn ($949 ...

and more »


Financial Times

Legal & General overhauls management at two key businesses
Financial Times
LGR last year made profits of £811m, making it L&G's biggest division. The group increasingly backs its annuities with direct investments in long-term assets such as property and infrastructure, many of which are sourced by Legal & General Capital. L&G ...

and more »


Reuters

Prudential Financial posts profit gain on rising markets
Reuters
(Reuters) - Prudential Financial Inc (PRU.N) reported an 11 percent rise in adjusted quarterly operating profit on Wednesday, beating Wall Street's expectations, as rising market values helped its annuities and asset management businesses. FILE PHOTO ...

and more »


TheBull.com.au

Macquarie beats expectations with record H1 profit
Financial Times
The Australian investment bank benefited from a strong performance from its annuity style businesses, which enabled the group to report a 19 per cent increase in net profit after tax to A$1.24bn ($949.3m) in the six months to end September, compared to ...
UPDATE 3-Australia's Macquarie posts record H1 profit, shares jump to record highReuters
Australia's Macquarie posts record H1 profit, shares jump to record highDaily Mail

all 25 news articles »