|Bid||67.900 x 0|
|Ask||67.950 x 0|
|Day's range||67.600 - 69.300|
|52-week range||52.950 - 72.100|
|PE ratio (TTM)||17.05|
|Earnings date||22 Feb 2018 - 26 Feb 2018|
|Forward dividend & yield||1.00 (1.45%)|
|1y target est||75.64|
Commonwealth Bank of Australia said on Thursday it is undertaking a strategic review of its Indonesian life insurance business, PT Commonwealth Life, and that it has engaged external advisers for guidance on a possible sale of the venture. The decision follows an earlier announcement of the proposed sale of the bank's life insurance businesses in Australia and New Zealand to AIA Group, the company added in a statement. Reuters had earlier reported, citing people familiar with the matter, that Australia's biggest lender was considering selling its majority stake in an Indonesian insurance venture in a deal valued at up to $250 million.
When Zhang Xixi, a 25-year-old staffer at an online financial company in China's southern province of Guangdong, decided last year to buy personal insurance for the first time, he was swamped with options. Local insurers rushed to offer him products with attractive financial returns. Customers like Zhang are helping foreign insurers quickly gain market share in China, aided by a regulatory crackdown on short-term investments packaged as insurance that has hurt many of their local rivals.
March 12 (Reuters) - Universal Scientific Industrial Shanghai Co Ltd: * SAYS IT HAS SOLD 1.44 MILLION SHARES IN AIA GROUP FOR HK$97.1 MILLION ($12.39 million) ON MARCH 12 Source text in Chinese: http://bit.ly/2IhyVnk ...
Feb 27 (Reuters) - AIA Group: * SHARES SET TO OPEN UP 3 PERCENT AFTER POSTING 28 PERCENT RISE IN 2017 NEW BUSINESS VALUE Source text for Eikon: Further company coverage: (Reporting by Sumeet Chatterjee)...
AIA Group Ltd on Tuesday posted a 28 percent rise in new business in the latest fiscal year, meeting forecasts, as the insurer gained from sustained demand in its core markets of Hong Kong and China. AIA's value of new business, which measures expected profits from new premiums and is a key gauge for growth, rose to $3.51 billion for the year ended Nov. 30, up from $2.75 billion a year ago, the company said in a filing with the exchange. Analysts had expected AIA to post a 28 percent jump in value of new business to $3.52 billion, as per Thomson Reuters data.
Feb 27 (Reuters) - AIA Group Ltd: * EXPECTS FINAL NET CASH OUTLAY ABOUT US$1.5 BILLION ON CBA DEAL AFTER EXPECTED REINSURANCE AGREEMENTS Source text for Eikon: Further company coverage:
Feb 27 (Reuters) - Aia Group Ltd: * IN FY 28 PER CENT GROWTH IN VONB TO US$3,512 MILLION * FY ANNUALISED NEW PREMIUMS INCREASED BY 19 PER CENT TO US$6,092 MILLION * SAYS 17 PER CENT GROWTH IN FINAL DIVIDEND ...
Australia's QBE Insurance Group on Monday said it would exit Latin America to focus on its struggling units in Asia Pacific and North America, as it confirmed a record annual loss hurt by claims from natural disasters. The country's second-largest listed insurer by market size said it had agreed to sell its Latin American business to Zurich Insurance, for $409 million, making good on its promise to be smaller and less complex.
Australia's biggest insurer, QBE Insurance Group, reported an annual loss on Monday, as claims from natural disasters soared and its emerging-markets business underperformed. The insurer had said last month that it would record an after-tax loss of $1.2 billion as payouts related to California wildfires, storms in Australia and Hurricane Maria weighed on earnings. "Natural disasters were not the only challenge confronted by QBE during the year, with the performance of the Emerging Markets division a major disappointment due to adverse claims experience in numerous portfolios," the company said in a statement.
Australia's biggest insurer QBE Insurance Group reported an annual loss on Monday as it reels from a claims blowout from natural disasters at home and overseas. Annual cash loss came in at $258 million compared with a profit of $898 million a year ago as payouts related to massive California wildfires, storms in Australia and Hurricane Maria weighed on earnings.
Commonwealth Bank of Australia (CBA) will consider selling its majority stake in an Indonesian insurance venture, with any deal likely valuing the insurer at up to $250 million, people familiar with the matter said. Australia's biggest lender is in talks with some investment banks and is expected to hire a financial adviser soon to help it decide on its 80 percent stake in PT Commonwealth Life, the people said.
SYDNEY (Reuters) - Recent Australian life insurance sales (ranked by deal value) *CommInsure (2017) - Commonwealth Bank of Australia, the country's biggest lender, sells its life insurance unit to Hong ...
China and Hong Kong together account for about half of new business growth globally at AIA, originally founded in Shanghai nearly 100 years ago and the first foreign insurer to be granted a license in China. AIA said the value of new business, which measures expected profits from new premiums and is a key gauge for future growth, rose to $824 million in the quarter, just ahead of an average estimate of $813 million from three analysts polled by Thomson Reuters I/B/E/S.
LONDON, Oct (Shenzhen: 000069.SZ - news) 12 (Reuters) - HSBC has chosen John Flint as its next chief executive, with its newly arrived chairman promoting an insider to drive revenue growth at Europe's biggest bank. Flint, who runs HSBC's retail and wealth management business out of London, will take over as CEO in February next year when Stuart Gulliver, 58, retires after seven years in the job.
HONG KONG/LONDON, July 31 (Reuters) - A third share buyback in a year by HSBC underlined progress in the turnaround plan for Europe's biggest bank, with profit also growing by 5 percent in the first half of 2017. The news sent HSBC shares up three percent to a four-year high of 764 pence each in London, as the bank signalled further buybacks and confidence it can continue to improve revenues from growth in Asia. The latest share buyback, of up to $2 billion, comes as HSBC uses excess capital to offset the dilutive effect of shares paid out as dividends.
AIA Group Ltd, the world's third-largest life insurer by market value, posted a 42 percent surge in new business for the first half of the year, helped by robust sales growth in its main markets, Hong Kong and China. AIA (HKSE: 1299-OL.HK - news) 's value of new business, which measures expected profits from new premiums and is a key gauge for future growth, surged to $1.75 billion in the half-yearly period that ends in May, up from $1.26 billion a year ago, the company said. China and Hong Kong together account for about half of new business growth globally at AIA, founded in Shanghai nearly 100 years ago and the first foreign insurer to be granted a license in China.
HONG KONG/LONDON, May 4 (Reuters) - HSBC Holdings Plc (Frankfurt: 923893 - news) reported a better than expected first-quarter profit and capital position on Thursday, benefiting from an improved performance from its core operations and the return of cash from its U.S. unit. HSBC's shares rose 3 percent in London on Thursday, outperforming a 1 percent rise in the STOXX European banks index and following an earlier 2 percent rise in Hong Kong. HSBC is still Europe's biggest bank despite slimming down in recent years.