INSURANCE: income

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Wednesday, May 29, 2013

Sun Life Financial reports Q1 2013 net income of $448m

Sun Life Financial reports Q1 2013 net income of $448m - Insurance Business Review Jump to page content Accessibility Log in or Register for enhanced features|Forgotten Password? White Papers | Suppliers | Events | Report Store | Companies |Dining Club General Insurance Commercial Lines Personal Lines Claims Insurer Life Insurance & Pensions Intermediaries Brokerage Underwriting London Lloyds Reinsurance Technology Technology in Insurance Outsourcing Regulatory & Risk
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Sun Life Financial has reported operating net income from continuing operations of $448m for the first quarter of 2013, compared to $437m during the comparable period last fiscal.

Reported net income from continuing operations stood at $410m, against $405m during the corresponding period earlier year.

The current quarter results reflect continued execution of its growth strategy, including product and distribution initiatives in recent quarters, and positive impact from investment activity and market factors, claims the company.

Operating earnings per share (EPS) from continuing operations was $0.75, compared to $0.74, while reported EPS from continuing operations was $0.68.

For the first three months ended on 31 March 2013, its operating net income (combined operations) decreased to $565m, compared to $727m during the year ago quarter.

Sun Life Financial Canada's reported net income was $277m for the first quarter, against $227m, while SFL US reported net income stood at $65m, compared to $144m, during the same period last year.

Sun Life Financial group of companies operate in Canada, the US, the UK, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. They had total assets under management of $571bn, as of 31 March 2013.

Latest News Philippines grants insurance license to Starr International Insurance (Asia) Life Insurance & Pensions > News ING US appoints new head of Individual Life Distribution Life Insurance & Pensions > News Fidelity Life acquires Tower’s major part of life insurance business Life Insurance & Pensions > News Sun Life Financial reports Q1 2013 net income of $448m Life Insurance & Pensions > News MetLife unveils new individual disability insurance product Life Insurance & Pensions > News Related News Related Sectors
Life Insurance & Pensions

Related Dates
2013> May

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Financial Services> Insurance> Life Insurance
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Thursday, May 23, 2013

Sun Life Financial reports Q1 2013 net income of $448m

Sun Life Financial has reported operating net income from continuing operations of $448m for the first quarter of 2013, compared to $437m during the comparable period last fiscal.

Reported net income from continuing operations stood at $410m, against $405m during the corresponding period earlier year.

Operating earnings per share (EPS) from continuing operations was $0.75, compared to $0.74, while reported EPS from continuing operations was $0.68.

For the first three months ended on 31 March 2013, its operating net income (combined operations) decreased to $565m, compared to $727m during the year ago quarter.

Sun Life Financial Canada's reported net income was $277m for the first quarter, against $227m, while SFL US reported net income stood at $65m, compared to $144m, during the same period last year.

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Wednesday, May 22, 2013

Sun Life Financial reports Q1 2013 net income of $448m

Sun Life Financial has reported operating net income from continuing operations of $448m for the first quarter of 2013, compared to $437m during the comparable period last fiscal.

Reported net income from continuing operations stood at $410m, against $405m during the corresponding period earlier year.

Operating earnings per share (EPS) from continuing operations was $0.75, compared to $0.74, while reported EPS from continuing operations was $0.68.

For the first three months ended on 31 March 2013, its operating net income (combined operations) decreased to $565m, compared to $727m during the year ago quarter.

Sun Life Financial Canada's reported net income was $277m for the first quarter, against $227m, while SFL US reported net income stood at $65m, compared to $144m, during the same period last year.

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Tuesday, May 21, 2013

Sun Life Financial reports Q1 2013 net income of $448m

Sun Life Financial has reported operating net income from continuing operations of $448m for the first quarter of 2013, compared to $437m during the comparable period last fiscal.

Reported net income from continuing operations stood at $410m, against $405m during the corresponding period earlier year.

Operating earnings per share (EPS) from continuing operations was $0.75, compared to $0.74, while reported EPS from continuing operations was $0.68.

For the first three months ended on 31 March 2013, its operating net income (combined operations) decreased to $565m, compared to $727m during the year ago quarter.

Sun Life Financial Canada's reported net income was $277m for the first quarter, against $227m, while SFL US reported net income stood at $65m, compared to $144m, during the same period last year.

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Monday, May 20, 2013

Genworth Financial Q1 2013 net income increased to $103m

Genworth Financial Q1 2013 net income increased to $103m - Insurance Business Review Jump to page content Accessibility Log in or Register for enhanced features|Forgotten Password? White Papers | Suppliers | Events | Report Store | Companies |Dining Club General Insurance Commercial Lines Personal Lines Claims Insurer Life Insurance & Pensions Intermediaries Brokerage Underwriting London Lloyds Reinsurance Technology Technology in Insurance Outsourcing Regulatory & Risk General Insurance
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Genworth Financial has reported net income of $103m, or $0.21 per diluted share, compared to $46m, or $0.09 per diluted share, during the first quarter last year.

Net operating income was $151m, or $0.30 per diluted share, against $17m, or $0.03 per diluted share, during the comparable period earlier year.

Net investment losses, net of tax and other adjustments, stood at $28m compared to net investment gains of $17m during the same period a year ago.

Genworth Financial president and CEO Tom McInerney said that the company achieved several milestones in the first quarter of 2013, including progress on long term care premium rate increase plans, the sale of its wealth management business, execution of the US Mortgage Insurance capital plan on April 1.

US Life Insurance Division net operating income was $85m, compared to $64m during the corresponding period a year ago, mainly backed by favorable mortality experience across the life insurance, long term care insurance and fixed annuity product lines.

Global Mortgage Insurance Division had net operating income of $102m, compared to a net operating loss of $37m, while Corporate and Other Division net operating loss was $36m, compared to $10m in a year ago quarter.

Employing 5,840 staff, Genworth operates through three divisions including US Life Insurance, which includes life insurance, long term care insurance and fixed annuities, Global Mortgage Insurance, containing US Mortgage Insurance and International Mortgage Insurance segments and the Corporate and Other division.

Latest News Frontline Homeowners Insurance to offer coastal coverage in Delaware General Insurance > Commercial Lines > News Northdoor partners with Ropner to launch new broking system General Insurance > Commercial Lines > News MphasiS introduces new billing solution for insurance industry General Insurance > Commercial Lines > News AIG Q1 2013 net income declines by $1bn General Insurance > Commercial Lines > News Markel completes acquisition of Alterra acquisition General Insurance > Commercial Lines > News Related News Related Sectors
General Insurance> Commercial lines

Related Dates
2013> May

Related Industries
Financial Services> Insurance> Non-Life Insurance> Commercial Insurance
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ICD Research's "Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report" is a crucial resource for industry executives and anyone looking to access key information about Deutsche Bank AGICD Research's "Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report" report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report. Buy online from $125

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Sunday, May 19, 2013

AIG Q1 2013 net income declines by $1bn

AIG Q1 2013 net income declines by $1bn - Insurance Business Review Jump to page content Accessibility Log in or Register for enhanced features|Forgotten Password? White Papers | Suppliers | Events | Report Store | Companies |Dining Club General Insurance Commercial Lines Personal Lines Claims Insurer Life Insurance & Pensions Intermediaries Brokerage Underwriting London Lloyds Reinsurance Technology Technology in Insurance Outsourcing Regulatory & Risk General Insurance
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American International Group (AIG) has reported net income attributable to the company of $2.2bn and after-tax operating income of $2bn for the first quarter of 2013, compared to $3.2bn and $3bn, respectively during the same period last year.

The prior-year first quarter net income included $3.3bn of pre-tax from investment in AIA Group (AIA), Maiden Lane II (ML II), and Maiden Lane III LLC (ML III) that were sold or liquidated in 2012.

Diluted earnings per share and after-tax operating income per share attributable to the underwriter were $1.49 and $1.34, compared to$1.71 and $1.62, respectively, during the first quarter of 2012.

AIG Property Casualty posted operating income of $1.6bn compared to $1bn during the same period earlier year, which reflects increases in both underwriting income and net investment income.

Life and Retirement operating income stood at $1.4bn, compared to $1.3bn, while United Guaranty Corporation (UGC), AIG's residential mortgage guaranty operations, reported operating income of $41m against $8m in the first quarter of 2012.

Other Operations including Mortgage Guaranty posted operating losses of $152m, versus operating income of $2.3bn during the corresponding period last fiscal.

Operating in more than 130 countries, AIG companies serve commercial, institutional, and individual customers through extensive worldwide property-casualty networks of insurer.

Latest News Frontline Homeowners Insurance to offer coastal coverage in Delaware General Insurance > Commercial Lines > News Northdoor partners with Ropner to launch new broking system General Insurance > Commercial Lines > News MphasiS introduces new billing solution for insurance industry General Insurance > Commercial Lines > News AIG Q1 2013 net income declines by $1bn General Insurance > Commercial Lines > News Markel completes acquisition of Alterra acquisition General Insurance > Commercial Lines > News Related News Related Sectors
General Insurance> Commercial lines

Related Dates
2013> May

Related Industries
Financial Services> Insurance> Non-Life Insurance> Commercial Insurance> Property
Comments Post a comment
Comments may be moderated for spam, obscenities or defamation.
Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Commercial Lines News Related Insight Suppliers Directory Spotlight Suppliers By Sector A-Z ROOM Solutions - Insurance Software and Consultancy Services ROOM Solutions is a provider of global software and consultancy services to the commercial insurance and reinsurance sector. General Insurance > Commercial Lines > Suppliers
General Insurance Commercial Lines Personal Lines Claims Insurer
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk # ABCDEFGHIJKLMNOPQRSTUVWXYZ
Commercial Lines Intelligence Latest White Papers Latest Research Buy the latest industry research online today! Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report
ICD Research's "Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report" is a crucial resource for industry executives and anyone looking to access key information about Deutsche Bank AGICD Research's "Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report" report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report. Buy online from $125

Sign up for the latest IBR news and features as well as other industry newsletters.
IBR Website Usage About us Accessibility Advertise with us Contact us Help Privacy RSS feeds Site map Dining Club Browse By Sector Browse By Network Business Review Sites General Insurance IntermediariesTechnology Brokerage Claims Commercial Line Insurer Life Insurance and Pensions Londonlloyds Outsourcing Personal Lines Regulatory and Risk Reinsurance Technology in Insurance Underwriting
Auto Banking Clean Technology Drinks Energy Food Insurance Logistics Medical Devices Packaging Pharmaceutical Retail Technology Webinars © IBR 2010. Part of Progressive Digital Media Group Plc

View the original article here