Life Insurance Industry News
A collection of Life Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Why life insurance finds itself in the spotlight
Billionaire Mark Walter's surprise sale of the Los Angeles Lakers is drawing attention to, of all things, a once-staid corner of finance: life insurance. Why it matters: Over the past decade or so, big Wall Street firms like Apollo Global…
Yext $YEXT Shares Sold by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company trimmed its holdings in shares of Yext (NYSE:YEXT - Free Report) by 98.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,074 shares of the company's…
AIA first-half profit up 11%, driven by growth in Hong Kong and Asia sales
AIA Group, Asia's largest independent publicly listed life insurance group, reported 11 per cent growth in first-half operating profit, driven by strong growth of Hong Kong and mainland China sales and expansion in Southeast Asian markets.
South Korean insurance M&A activity heats up
South Korea's insurance mergers and acquisitions market is showing signs of revival as several long-running transactions approach key stages, with Lotte Non-Life Insurance Company Ltd. and Axa General Insurance Company Ltd. among the firms…
RBI approves LIC to raise stake in HDFC Bank to 9.99%
The Reserve Bank of India has given Life Insurance Corp (LIC) approval to raise its stake in HDFC Bank to up to 9.99%, the private lender said late on…
KB wins approval under Indonesia's stricter holding rules
Shinhan, Hanwha also reorganize local operations as Jakarta centralizes oversight of financial groups Indonesia's tightening oversight of financial conglomerates is prompting major Korean financial groups to reorganize their local ownership…
Nifty slips for seventh day as crude surge, bond yield spike rattle markets
Markets opened flat to marginally negative on Wednesday, extending a six-session losing streak, as rising crude oil prices and surging global bond yields kept investor sentiment under pressure. The Nifty 50 opened at 24,152.05, against its previous…
Bruni J V & Co. Co. Takes Position in Equitable Holdings, Inc. $EQH
Bruni J V & Co. Co. bought a new position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought…
Behari Lal Engg IPO list at 63% premium, touches ₹529 on listing day
Shares of Behari Lal Engineering Ltd (BLEL) made a strong stock market debut on Wednesday, August 19, listing at ₹465 on the NSE, a 63.1 per cent premium over the IPO issue price of ₹285. On the BSE, the stock opened at ₹458…
Equitable FY2028 EPS Forecast Reduced by DOWLING & PARTN
3 Major Buybacks Just Dropped—Here's the Signal Investors See Equitable Holdings, Inc. (NYSE:EQH - Free Report) - Research analysts at DOWLING & PARTN cut their FY2028 earnings per share (EPS) estimates for shares of Equitable in a report…
Manulife Financial Co. (TSE:MFC) Plans Quarterly Dividend of $0.48
Manulife Financial Co. (TSE:MFC - Get Free Report) NYSE: MFC announced a quarterly dividend on Friday, August 21st, TickerTech Dividends reports. Shareholders of record on Monday, September 21st will be paid a dividend of 0.485 per share by the…
Robotti Robert Invests $8.90 Million in Lincoln Electric Holdings, Inc. $LECO
Robotti Robert bought a new position in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund…
Travis Michael Witteveen Sells 440 Shares of Gen Digital (NASDAQ:GEN) Stock
Gen Digital Inc. (NASDAQ:GEN - Get Free Report) insider Travis Michael Witteveen sold 440 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $28.06, for a total value of…
AIA Group's first-half new business value rises 10%
Aug 20: Insurer AIA Group on Thursday posted a 10 per cent jump in half-year value of new business (VONB), backed by growth across all distribution channels and segments, excluding Thailand. AIA's VONB, a measure of expected profits from new…
Childless Americans have a retirement problem
Americans without children may avoid some of the substantial costs associated with raising a family, but that does not necessarily translate into greater confidence about retirement. New research from insurance company Allianz Life has found that…
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