Borsa Italiana London Stock Exchange Group. Star Conference London, 2-3 October Vittoria Assicurazioni
|
|
|
- Ashlynn Johnson
- 8 years ago
- Views:
Transcription
1 0 Borsa Italiana London Stock Exchange Group Star Conference 2014 London, 2-3 October 2014
2 1 FOLLOW-UP PLAN STRATEGY SHAREHOLDERS STRUCTURE NON-LIFE BUSINESS LIFE BUSINESS INVESTMENTS FINANCIAL INFORMATION
3 FOLLOW-UP PLAN / ML Plan WRITTEN PREMIUM DIRECT BUSINESS 1,150/1, ,151 N AGENCIES 380/ COMBINED RATIO RETAINED BUSINESS 97.5% 99.6% 97.6% 97.3% 93.2% 90.7% CONSOLIDATED ROE >12.5% 5.2% 8.0% 10.3% 12.6% 12.4% DIVIDEND PAYOUT >20% 66.1% 42.3% 30.8% 23.2% 22.7% (1) (2) (3) (1) Average Combined ratio : 95.7% (2) Consolidated Roe 2013 : 16.0% without the 2013 one-off increase in income taxes (IRES) (3) Average consolidated dividend Payout : 37%
4 3 FOLLOW-UP PLAN STRATEGY SHAREHOLDERS STRUCTURE NON-LIFE BUSINESS LIFE BUSINESS INVESTMENTS FINANCIAL INFORMATION
5 OUR STRATEGY 4 FOCUS ON TECHNICAL RESULTS INTERNAL ORGANIC GROWTH TARGET CLIENTS : FAMILIES, SMALL/MEDIUM SIZED COMPANIES AND AFFINITY GROUPS LOW RISK INVESTIMENT PORTFOLIO STABILIZATION OF REAL ESTATE OPTIMISATION OF EXPENSE RATIO IN THE MEDIUM TERM SELF-FINANCING AND MAINTENANCE OF THE CURRENT SOUND CAPITAL POSITION AVERAGE ANNUAL DIVIDEND GROWTH : +5%
6 5 FOLLOW-UP PLAN STRATEGY SHAREHOLDERS STRUCTURE NON-LIFE BUSINESS LIFE BUSINESS INVESTMENTS FINANCIAL INFORMATION
7 SHAREHOLDERS STRUCTURE 6 YAFA HOLDING BV (Carlo Acutis) 82% 12% 6.23% VITTORIA CAPITAL NV MÜNCHENER GROUP 51.15% VITTORIA ASSICURAZIONI S.P.A. Real Estate Private Equity Services Other Strategic Participations
8 SHAREHOLDERS VITTORIA ASSICURAZIONI S.p.A. 7 % ON N.SHARES CAPITAL 1 VITTORIA CAPITAL N.V. - NETHERLAND (Carlo Acutis) 34,464, % 2 YAFA HOLDING B.V.- NETHERLAND (Carlo Acutis) 4,200, % 3 ARBUS s.r.l. - Italy 3,849, % 4 SERFIS S.p.A. - Italy 2,695, % 5 NORGES BANK (Government of Norway) 2,467, % Sub total 70.76% Other 19,703, % TOTAL 67,378,
9 8 FOLLOW-UP PLAN STRATEGY SHAREHOLDERS STRUCTURE NON-LIFE BUSINESS LIFE BUSINESS INVESTMENTS FINANCIAL INFORMATION
10 NON-LIFE PREMIUM VOLUME 9 Annual average premium growth per plan : +5% +5.8% /ML +10.9% +9.4% 983 1,040 Other Non Motor Other Motor % +9.2% % +12.2% % +10.5% MTPL % % +4.8% FCT 2014
11 TOTAL NON LIFE COMBINED RATIO CoR in line with planned targets: 92% Total Cost Ratio Loss Ratio
12 MOTOR TPL COMBINED RATIO Market trends still favorable 2014 Loss Ratio in line with the last two years Total Cost Ratio Loss Ratio
13 12 FOLLOW-UP PLAN STRATEGY SHAREHOLDERS STRUCTURE NON-LIFE BUSINESS LIFE BUSINESS INVESTMENTS FINANCIAL INFORMATION
14 LIFE BUSINESS 13 Average annual growth as per plan : +15% 2014 increase above plan Steady increase in net inflow Premium ( /ML) Net Inflow( /ML) FCT2014 New Business Recurrent FCT2014 Net Inflow
15 14 FOLLOW-UP PLAN STRATEGY SHAREHOLDERS STRUCTURE NON-LIFE BUSINESS LIFE BUSINESS INVESTMENTS FINANCIAL INFORMATION
16 INVESTMENT PORTFOLIO (consolidated financial statement) 15 Stable investment portfolio with a low risk profile Core investments in Government bonds Diversification obtained through satellite investments (real estate, private equity, YAM Invest N.V.) /ML INVESTIMENTS & LIQUID FUNDS 100% 2, % 2, % 2,717 Bonds and Liquid Funds 67% 1,427 69% 1,679 70% 1,913 Real Estate 25% % % 594 of which Owner Occupied of which Trading and Development of which For Rent 90 Strategic Partecipations 5% 106 4% 110 4% 110 Private Equity 1% 32 1% 25 1% 37 Loans 2% 52 3% 67 2% 63
17 16 FOLLOW-UP PLAN STRATEGY SHAREHOLDERS STRUCTURE NON-LIFE BUSINESS LIFE BUSINESS INVESTMENTS FINANCIAL INFORMATION
18 SOLVENCY I RATIO 17 Rollforward + 29% 200% 181% - 10% 2013 Additional margin required Increase in net Equity FCT 2014
19 DIVIDEND POLICY Annual dividend growth target: +5% /000 * * In 2008 bonus capital increase (1:1)
20 CONSOLIDATED ROE average ROE target: 13.5% Steady improvement in ROE : 16.0% in 2013 without the one off-increase in income taxes (IRES) % FCT 2014
21 20 CONSOLIDATED NET PROFIT /ML FCT 2014 net result (Local GAAPS) IFRS adjustments and write off of dividends infra-group 1.3 (2.1) (0.4) 0 Italian Real Estate Companies (1.8) (3.3) (6.7) (5.5) Other Companies 2.4 (2.7) (1.8) (1) Consolidated Net Result * CONSOLIDATED ROE 10.3% 12.6% 12.4% 14.5% * Net of one-off effect in income taxes amounting to 16.3 million.
22 LEGENDA PREMIUM WRITTEN PREMIUM DIRECT BUSINESS 21 LOSS RATIO RETAINED BUSINESS INCURRED CLAIMS / EARNED PREMIUM TOTAL COST RATIO TOTAL EXPENSES + INTANGIBLE ASSET AMORTISATION + OTHER TECHNICAL CHARGES/ EARNED PREMIUMS COMBINED RATIO RETAINED BUSINESS (INCURRED CLAIMS + TOTAL EXPENSES + INTANGIBLE ASSET AMORTISATION + OTHER TECHNICAL CHARGES) / EARNED PREMIUM CONSOLIDATED ROE GROUP NET PROFIT FOR THE YEAR / GROUP AVERAGE SHAREHOLDERS EQUITY (GROUP OPENING SHAREHOLDERS EQUITY + GROUP CLOSING SHAREHOLDERS EQUITY / 2). EQUITY IS NET OF RESERVES FOR UNREALISED GAINS / LOSSES NET INFLOW PREMIUMS- PAYMENTS (CLAIMS+SURRENDERS+MATURITY+ANNUITY+CHANGE IN CLAIMS TO BE PAID) SOLVENCY RATIO I SOLVENCY MARGIN AVAILABLE / SOLVENCY MARGIN REQUIRED
23 22
Borsa Italiana London Stock Exchange Group. Star Conference 2015. London, 5-6 October 2015. Vittoria Assicurazioni
0 Borsa Italiana London Stock Exchange Group Star Conference 2015 London, 5-6 October 2015 1 BUSINESS PLAN 2014 2016 STRATEGY SHAREHOLDERS STRUCTURE NON-LIFE BUSINESS LIFE BUSINESS INVESTMENTS FINANCIAL
Financial Presentation
0 Financial Presentation London, 7 October 2010 1 GROWTH STRATEGIES SHAREHOLDERS STRUCTURE NON-LIFE BUSINESS LIFE BUSINESS EMPLOYEES AND SALES STRUCTURE INVESTMENTS FINANCIAL INFORMATION GROWTH STRATEGIES
Integration Plan Unipol Fondiaria SAI. Presentation of the joint Business Plan to the financial community
Integration Plan Unipol Fondiaria SAI Presentation of the joint Business Plan to the financial community Bologna, December 20th, 2012 Context Today, the Board of Directors of Unipol Assicurazioni, Premafin,
NN GROUP FINANCIAL SUPPLEMENT 1Q2016
NN GROUP FINANCIAL SUPPLEMENT 1Q2016 NN GROUP FINANCIAL SUPPLEMENT 1Q2016 INTRODUCTION The Financial Supplement includes quarterly financial trend data and is published on a quarterly basis. Figures are
GENERALI GROUP 1Q 2016 Results
GENERALI GROUP 1Q 2016 Results The like for like change of written premiums, life net inflows, APE and NBV is on equivalent terms (on equivalent exchange rates and consolidation area). Agenda 2 I. Profit
NN GROUP FINANCIAL SUPPLEMENT 4Q2014
NN GROUP FINANCIAL SUPPLEMENT 4Q2014 NN GROUP FINANCIAL SUPPLEMENT 4Q2014 INTRODUCTION The Financial Supplement includes quarterly financial trend data and is published on a quarterly basis. Rounding could
PRESS RELEASE RESULTS FOR THE FIRST HALF OF THE YEAR CONSOLIDATE THE PROGRESS MADE BY THE UNIPOL GROUP
PRESS RELEASE RESULTS FOR THE FIRST HALF OF THE YEAR CONSOLIDATE THE PROGRESS MADE BY THE UNIPOL GROUP Net consolidated profit 57m 1 ( 76m excluding the effects of the considerable increase in IRAP rates),
AXA s approach to Asset Liability Management. HELVEA Insurance Capital Adequacy and Solvency Day April 28th, 2005
AXA s approach to Asset Liability Management HELVEA Insurance Capital Adequacy and Solvency Day April 28th, 2005 ALM in AXA has always been based on a long-term view Even though Solvency II framework is
NN Group N.V. 30 June 2015 Condensed consolidated interim financial information
Interim financial information 5 August NN Group N.V. Condensed consolidated interim financial information Condensed consolidated interim financial information contents Condensed consolidated interim
Asset Liability Management at Munich Reinsurance Company
Asset Liability Management at Munich Reinsurance Company Helsinki, 17 th November 2004 Bernhard Kaufmann and Jochen Mayer Agenda ALM: Governance and Management The Munich Re ALM-Model: ALM on Macro Level
Alleanza Assicurazioni. 2006 First Half Results
Alleanza Assicurazioni 2006 First Half Results September 5th, 2006 A Member of the Generali Group Disclaimer This presentation is focused on the development of Alleanza s insurance business in 1H2006 We
ITALIAN INSURANCE IN FIGURES. Year 2015
ITALIAN INSURANCE IN FIGURES Year 2015 The Italian insurance industry gives a significant contribution to the economy and to the society, offering a wide range of services aiming at risk protection: from
Q2 and H1 2014 results. Investor presentation. Follow us on Twitter: @TrygIR
Q2 and H1 2014 results Investor presentation Follow us on Twitter: @TrygIR Contents Highlights Q2 2014 3 Premiums and portfolio 9 Claims 14 Investment and capitalisation 19 For new investors 23 Appendix
Insurance sector consolidated report profit and loss statement (2008-2009)
21. INSURANCE AND REINSURANCE The Ministry of Economy and Trade is the source of insurance statistics which deal with insurance companies, with the sector consolidated progress, balance sheet and profit
Results as at September 30 th 2014 Cattolica Assicurazioni Group
Results as at September 30 th 2014 Cattolica Assicurazioni Group Verona, November 13 th 2014 1 Agenda 3Q 2014 Results Non-Life Business Performance Life Business Performance Investments 2 9M 2014 Results
Presentation of consolidated results as at 31 March 2015. Carlo Cimbri CEO
Presentation of consolidated results as at 31 March 2015 Carlo Cimbri CEO Bologna, 8 May 2015 Consolidated results Insurance business Non-Life insurance business Life insurance business Agenda Banking
Presentation of consolidated results as at 31 March 2014. Carlo Cimbri CEO Bologna, 15 May 2014
Presentation of consolidated results as at 31 March 2014 Carlo Cimbri CEO Bologna, 15 May 2014 Consolidated results Insurance business Non-Life insurance business Life insurance business Agenda Banking
Presentation of consolidated results as at 30 June 2014. Carlo Cimbri CEO Bologna, 6 August 2014
Presentation of consolidated results as at 30 June 2014 Carlo Cimbri CEO Bologna, 6 August 2014 Unipol Group key operations Consolidated results Insurance business Non-Life insurance business Agenda Life
Italy. Italy General Insurance. International Comparison of Insurance Taxation* May 2009. *connectedthinking. Definition Accounting Taxation
Italy International Comparison of Insurance * May 2009 Italy General Insurance Definition Definition of property and casualty insurance company There is not a specific definition of property and casualty
Results as at December 31 st, 2015 Cattolica Assicurazioni Group. Verona, March 10 th, 2016
Results as at December 31 st, 2015 Cattolica Assicurazioni Group Verona, March 10 th, 2016 Agenda Results as at December 31 st, 2015 P&C Business Performance Life Business Performance Investments 2 Results
15 April 2015 Kurt Svoboda, CFRO. UNIQA Insurance Group AG Economic Capital and Embedded Value 2014
15 April 2015 Kurt Svoboda, CFRO UNIQA Insurance Group AG Economic Capital and Embedded Value 2014 Economic Capital Embedded Value Sensitivities and other analysis Appendix Assumptions Glossary & Disclaimer
Operating result ongoing business 305 304 0.1% Net result 270 485 44.2% Net operating ROE 8.6% 8.7% Solvency II ratio 1) 241% n/a
Press Release 26 May 2016 NN Group reports 1Q16 results Operating result stable; strong capital position Operating result ongoing business of EUR 305 million, stable on 1Q15, as higher dividends at Netherlands
Pohjola Bank plc s Interim Report for 1 January 30 September 2011
Pohjola Bank plc s Interim Report for 1 January 30 September Q3 Pohjola Bank plc Stock exchange release, 2 November, 8.00 am Interim Report Pohjola Group Performance for January September Consolidated
ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET
ASSETS I- Current Assets Audited Current Period Audited Previous Period A- Cash and Cash Equivalents 14 1.606.048.714 1.153.712.216 1- Cash 14 37.347 49.256 2- Cheques Received 3- Banks 14 1.356.733.446
Understanding with profits
Understanding with profits Stakeholder plans that started before 10 July 2006 This booklet tells you how we manage our with profits business for Stakeholder plans that started before 10 July 2006. A Stakeholder
VFB Dag van de tips 10 October 2015 Bart De Smet, CEO
VFB Dag van de tips 10 October 2015 Bart De Smet, CEO 2 PART 1 HAVE DONE Achievements Vision 2015 PART 2 SEE Challenges for the Insurance sector PART 3 WILL DO Our Strategy going forward 3 PART 1 HAVE
Institute of Certified Bookkeepers
Making you count Institute of Certified Bookkeepers Level IV Module 2 Drafting Financial Statements Topic 1 The Regulatory Framework Explain the purpose of Financial Statements, the legal framework that
THE BOARD OF DIRECTORS APPROVES THE HALF-YEARLY REPORT AT 3O JUNE 2007: CONSOLIDATED NET INCOME: 9.1 MILLION ( 16.1 MILLION IN FIRST HALF 2006)
CAMFIN s.p.a. PRESS RELEASE THE BOARD OF DIRECTORS APPROVES THE HALF-YEARLY REPORT AT 3O JUNE 2007: CONSOLIDATED NET INCOME: 9.1 MILLION ( 16.1 MILLION IN FIRST HALF 2006) NET INCOME FROM INVESTMENTS:
Consolidated balance sheet
Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089
Successful cost management and strong investment income reflected in improved earnings
UNIQA Insurance Group AG 1Q15 Successful cost management and strong investment income reflected in improved earnings 22 May 2015 Andreas Brandstetter, CEO Kurt Svoboda, CFRO 1Q15 Highlights Group Strategy
Global City Holdings N.V. Interim Financial Report as at 30 June 2015
Interim Financial Report as at 30 June 2015 Interim Financial Report for the six months ended 30 June 2015 CONTENTS Page Directors' report 1 Interim Condensed Consolidated Financial Statements as at 30
Achmea Bank update Strategy for growth. 26 May 2016 Ronald Buwalda Leiden
Achmea Bank update Strategy for growth 26 May 2016 Ronald Buwalda Leiden Key messages A solid pillar of the retirement services strategy and a good investment opportunity Achmea Bank is strategically anchored
Norwegian Finans Holding ASA. Third quarter 2014 results
Norwegian Finans Holding ASA Third quarter 2014 results Third quarter 2014 earnings were 94.1 MNOK, compared with 82.1 MNOK in the second quarter Norwegian Finans Holding Group MNOK Q3 2014 Q2 2014 Change
SIMPLIFIED CONSOLIDATED BALANCE SHEET PROFIT AND LOSS ACCOUNT
SIMPLIFIED CONSOLIDATED BALANCE SHEET PROFIT AND LOSS ACCOUNT SIMPLIFIED CONSOLIDATED BALANCE SHEET ASSETS in thousand euro Year 2002 A. SUBSCRIBED CAPITAL UNPAID 0 0 of which called-up capital ( 0 ) B.
Financial report 2014. Deutsche Bahn Finance B.V. Amsterdam
Financial report 2014 Deutsche Bahn Finance B.V. Table of contents Annual report of the directors 3 Balance sheet as at 31 December 2014 4 Profit and loss account for the year ended 31 December 2014 6
RESULTS REPORT January to September 2013 GRUPO CATALANA OCCIDENTE, S.A AND SUBSIDIARIES
RESULTS REPORT January to September 2013 GRUPO CATALANA OCCIDENTE, S.A AND SUBSIDIARIES RESULTS REPORT January to September 2013 GRUPO CATALANA OCCIDENTE, S.A AND SUBSIDIARIES INDEX Grupo Catalana Occidente
CMAC meeting Agenda paper 2 Debt vs Equity
17 October 2013 International Financial Reporting Standards CMAC meeting Agenda paper 2 Debt vs Equity Conceptual Framework The views expressed in this presentation are those of the presenter, not necessarily
Arshil Jamal President and Chief Operating Officer Canada Life Capital Corporation
Scotia Capital Financials Summit September 8, 2011 Arshil Jamal President and Chief Operating Officer Canada Life Capital Corporation Cautionary Note regarding Forward-looking Information This report contains
Words from the President and CEO 3 Financial highlights 4 Highlights 5 Export lending 5 Local government lending 6 Funding 6 Results 6 Balance sheet
Words from the President and CEO 3 Financial highlights 4 Highlights 5 Export lending 5 Local government lending 6 Funding 6 Results 6 Balance sheet 7 Events after the balance sheet date 8 Income statement
Finance for growth, the role of the insurance industry
Finance for growth, the role of the insurance industry Dario Focarelli Director General ANIA Visiting Professor, Risk Management and Insurance, 'La Sapienza' Roma Adjunct Professor, 'Tanaka Business School',
Danica Pension. Chief Executive Officer Henrik Ramlau-Hansen Danica. Capital Markets Day 4 December 2002
Danica Pension Chief Executive Officer Henrik Ramlau-Hansen Danica Capital Markets Day 4 December 2002 Company Profile Danicas history in brief 1842 Livrente og forsørgelsesanstalten af 1842 1893 Change
Measuring performance Update to Insurance Key Performance Indicators
Measuring performance Update to Insurance Key Performance Indicators John Hele Member of Executive Board and CFO of ING Group Madrid 19 September 2008 www.ing.com Agenda Performance Indicators: Background
ARION BANK S 2014 FINANCIAL RESULTS
Press release, 24 February 2015 ARION BANK S 2014 FINANCIAL RESULTS Arion Bank reported net earnings of ISK 28.7 billion for the year 2014, compared with ISK 12.7 billion for the year 2013. Return on equity
Strong results create solid foundation for an independent future
a.s.r. interim results 2015 Strong results create solid foundation for an independent future Chris Figee Jack Julicher CFO CIO Financial Markets 27 August 2015 Disclaimer Cautionary note regarding forward-looking
Operating net income SnowWorld 1 st six months increase to 4.0 million
Press release 28 May 2014 Expected increase operating net income for the financial year 2013/2014 Operating net income SnowWorld 1 st six months increase to 4.0 million Keypoints - The number of ski passes
Business overview. 2013 2015 Plan. 9M13 Results. Exchange offer. Appendix
Group Presentation Business overview AGENDA 2013 2015 Plan 9M13 Results Exchange offer Appendix OVER 50 YEARS OF EXPERIENCE 1963 70 s- 80 s Mid- 90 s Early 00 s Late 00 s 2010-11 The Compagnia Assicuratrice
These figures are taken from the draft financial statement 2014, which will be published on April 2, 2015 on the website www.brill.
Please note the text of the Dutch language version of this Press Release is definitive (www.brill.com) Brill reports marginal growth and equal profit in 2014 Key figures (in EUR x Million) 2014 2013 Revenue
Hannover Re - growth opportunities despite the crisis? Dr. Michael Pickel Member of the Executive Board
Hannover Re - growth opportunities despite the crisis? Dr. Michael Pickel Member of the Executive Board 9th WestLB Deutschland Conference Frankfurt, 16 November 211 HR Group Diversification Opport. & cycle
Pascal Quiry July 2010
Please send any questions on this case study to the author via the mail box on the web site www.vernimmen.net Pascal Quiry July 2010 This document may not be used, reproduced or sold without the authorisation
Alm. Brand A/S H1 2008 Analysts
Alm. Brand A/S H1 2008 Analysts The Alm. Brand Group Alm. Brand A/S Alm. Brand Bank Alm. Brand Forsikring Alm. Brand Liv og Pension Kjøbenhavnske Re Alm. Brand A/S Highlights H1 2008 Profit: DKK 105m Not
Updated January 2011. a n o p p o r t u n i t y t o s t r e n g t h e n t h e e q u i t y. Growth Shares
Updated January 2011 a n o p p o r t u n i t y t o s t r e n g t h e n t h e e q u i t y Growth Shares Growth Shares Thanks With thanks to Studio Legale Bonelli Erede Pappalardo and Mediobanca Banca di
Unaudited financial report for the. sixt-month period ended 30 June 2015. Deutsche Bahn Finance B.V. Amsterdam
Unaudited financial report for the sixt-month period ended 30 June 2015 Deutsche Bahn Finance B.V. Table of contents Annual report of the directors 3 Balance sheet as at 30 June 2015 4 Profit and loss
How To Calculate Financial Leverage Ratio
What Do Short-Term Liquidity Ratios Measure? What Is Working Capital? HOCK international - 2004 1 HOCK international - 2004 2 How Is the Current Ratio Calculated? How Is the Quick Ratio Calculated? HOCK
BANCA SISTEMA GROWING ACROSS ALL BUSINESS LINES WITH A NET INCOME UP BY 21% YoY 1
PRESS RELEASE BANCA SISTEMA GROWING ACROSS ALL BUSINESS LINES WITH A NET INCOME UP BY 21% YoY 1 Business performance Factoring: turnover +20% yoy and growing customer base from 124 in 2014 to 294 in 2015
Disclosure of Market Consistent Embedded Value as at March 31, 2015
May 20, 2015 Sompo Japan Nipponkoa Himawari Life Insurance, Inc. Disclosure of Market Consistent Embedded Value as at March 31, 2015 Sompo Japan Nipponkoa Himawari Life Insurance, Inc. ( Himawari Life,
BANCA SISTEMA: NET INCOME +36% IN H1 2015 1
PRESS RELEASE BANCA SISTEMA: NET INCOME +36% IN H1 2015 1 Rising factoring turnover: +36% % in H1 2015 compared with H1 2014 +37% in Q2 2015 compared with Q2 2014 Net interest income up by 20% compared
Press release Brussels/Utrecht, 17 November 2009 Q3 2009 trading update
Press release Brussels/Utrecht, 17 November 2009 Q3 2009 trading update Total gross inflow first nine months stable at EUR 11.4 billion Insurance net profit year-to-date of EUR 371 million Group net profit
Pohjola Bank plc Report by the Board of Directors and Financial Statements 2014
Pohjola Bank plc Report by the Board of Directors and Financial Statements 2014 List of contents Report by the Board of Directors for 2014... 1 Operating Environment Consolidated Earnings Analysis Risk
NET INCOME FOR 2014 OF 557 MILLION (2013: 431 MILLION) NET ASSET VALUE INCREASES BY 380 MILLION
Press release HAL NET INCOME FOR 2014 OF 557 MILLION (2013: 431 MILLION) NET ASSET VALUE INCREASES BY 380 MILLION Net income of HAL Holding N.V. for 2014 amounted to 557 million ( 7.64 per share) compared
Contents. About the author. Introduction
Contents About the author Introduction 1 Retail banks Overview: bank credit analysis and copulas Bank risks Bank risks and returns: the profitability, liquidity and solvency trade-off Credit risk Liquidity
NedSense enterprises n.v. Condensed consolidated Interim financial statements
NED NEDSENSE enterprises n.v. NedSense enterprises n.v. Condensed consolidated Interim financial statements 30 June 2012 NedSense enterprises n.v. Half-year Report 2012 (unaudited) Report of the Board
CASH FLOW STATEMENT. MODULE - 6A Analysis of Financial Statements. Cash Flow Statement. Notes
MODULE - 6A Cash Flow Statement 30 CASH FLOW STATEMENT In the previous lesson, you have learnt various types of analysis of financial statements and its tools such as comparative statements, common size
Tetragon Financial Group Limited ( TFG )
Tetragon Financial Group Limited ( TFG ) 12 August 2014 THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITY OF TFG. THIS INFORMATION
2013 Year End Results
2013 Year End Results 1.2 00 200 Why Invest in Aksigorta 2 1 Great Potential in TR NL Insurance Market Great Potential in Akbank 2 Turkey has 1,1 NL insurance penetration while peer economies have 2-3
E2-2: Identifying Financing, Investing and Operating Transactions?
E2-2: Identifying Financing, Investing and Operating Transactions? Listed below are eight transactions. In each case, identify whether the transaction is an example of financing, investing or operating
Company Presentation
Company Presentation Business overview AGENDA Unipol - Fondiaria-SAI Integration Plan* 1Q13 Results *Extract from presentation of 20th December 2012 ABOUT US Unipol Group operates as a leader in the Italian
Using Accounts to Interpret Performance
Using s to Interpret Performance ing information is used by stakeholders to judge the performance and efficiency of a business Different stakeholders will look for different things: STAKEHOLDER Shareholders
Q2 and H1 2015 results
Q2 and H1 2015 results Webcast presentation 10 July 2015 Follow us on Twitter: @TrygIR Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions
VAN LANSCHOT REINFORCES ITS CAPITAL POSITION
HOOGE STEENWEG 29 5211 JN S-HERTOGENBOSCH PO BOX 1021 5200 HC S-HERTOGENBOSCH, THE NETHERLANDS T +31 (0)73 548 32 25 F +31 (0)73 548 33 49 VANLANSCHOT@VANLANSCHOT.COM WWW.VANLANSCHOT.C OM COC S-HERTOGENBOSCH
SEK M Q2 02 Q1 02 Q4 01 Q3 01 Q2 01 Q1 01 Sales volume insurance (weighted*) Total 5,393 8,254 6,802 6,032 7,535 8,276
Appendix 1 SEB Trygg Liv SEB Trygg Liv represents the SEB Group s life insurance business according to a bank-assurance concept, i.e. an integrated banking and insurance business. The purpose of the concept
INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015
INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes INTERIM FINANCIAL STATEMENT AS PER
1stH 2014 CONSOLIDATED RESULTS
Gruppo 1stH 2014 CONSOLIDATED RESULTS Conference Call 1 Contents Financial highlights Ascopiave Group structure as of June, 30th 2014 Application of IFRS 11 international accounting standard 1stH 2013
Financial Statements
Financial Statements The financial information forms the basis of financial planning, analysis & decision making for an organization or an individual. Financial information is needed to predict, compare
SUMMARY INTERIM REPORT 1Q2015
1st QUARTER REPORT 2015 1 SUMMARY INTERIM REPORT 1Q2015 The result for Norwegian Hull Club (NHC) in the first quarter of 2015 is minus USD 9.3 million. Technical result of insurance operations is minus
mr. M.G.F.M.V. Janssen Secretary to the Managing Board T: +31 20 557 52 30 I: www.kasbank.com
Date: 27 August 2015 For information: mr. M.G.F.M.V. Janssen Secretary to the Managing Board T: +31 20 557 52 30 I: www.kasbank.com Growth of 20% in net result, excluding non-recurring items, to EUR 8.3
ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET. ASSETS Unaudited Current Audited Previous Dipnot I- Current Assets
ASSETS Unaudited Current Audited Previous Dipnot I- Current Assets A- Cash and Cash Equivalents 14 2.364.314.943 2.304.904.212 1- Cash 14 38.784 18.864 2- Cheques Received 3- Banks 14 1.961.058.269 1.937.834.876
INTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA
INTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA (UNAUDITED) APRIL 2016 Highlights Q1 2016 Growth 26% - First UK client on board Protector delivers a strong premium growth for the first quarter of 2016,
Ch. 3 Financial Statements, Cash Flows & Taxes Financial Statements All businesses should keep careful financial records. 2 Financial Statements However, many businesses do not need to report their financial
CONSOLIDATED INTERIM FINANCIAL STATEMENTS
CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND GROUP INTERIM MANAGEMENT REPORT SECOND QUARTER OF 2008 JUNE 30, 2008 FRANCONOFURT AG FRANKFURT AM MAIN FRANCONOFURT AG, FRANKFURT AM MAIN CONSOLIDATED INTERIM
Subject: Preliminary consolidated financial statements of the Capital Group of Bank Handlowy w Warszawie S.A. for the 2014
Warsaw, February 12, 2015 Subject: Preliminary consolidated financial statements of the Capital Group of Bank Handlowy w Warszawie S.A. for the 2014 Legal basis: Art. 5 section 1 item 25) of the Ordinance
Financial Ratios and Quality Indicators
Financial Ratios and Quality Indicators From U.S. Small Business Administration Online Women's Business Center If you monitor the ratios on a regular basis you'll gain insight into how effectively you
3 Why are annual bonus rates so low and when might you increase them?
With-profits policy performance your questions answered January 2015 PHOENIX LIFE LIMITED NPI WITH-PROFITS FUND WITH-PROFITS INVESTMENT BONDS This leaflet aims to answer questions that are often asked
Hannover Re - before and after the crisis. Roland Vogel CFO
Roland Vogel CFO Bank of America Merrill Lynch, 16th Annual Banking & Insurance CEO Conference London, 6 October 211 HR Group Diversification Opport. & cycle man. non-life R/I S'what different L/H R/I
ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET ASSETS
ASSETS ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ I- Current Assets Audited Current Audited Previous Period Period Notes 31/12/2015 31/12/2014 A- Cash and Cash Equivalents 14 2.304.904.212 1.606.048.714 1- Cash
Q2 2003 Sales volume insurance (weighted*) Total 7,298 6,261 5,741 4,517 5,393 8,254 Q1 2003 Q4 2002 Q1 2002 Q3 2002
Appendix 1 SEB Trygg Liv SEB Trygg Liv represents the SEB Group s life insurance business according to a bank-assurance concept, i.e. an integrated banking and insurance business. The purpose of the concept
Anadolu Hayat Emeklilik Anonim Şirketi Consolidated Balance Sheet As At 31 December 2015 (Currency: Turkish Lira (TRY))
Consolidated Balance Sheet As At ASSETS I- Current Assets A- Cash and Cash Equivalents 14 302,999,458 216,428,429 1- Cash 14 3,385 27,952 2- Cheques Received 3- Banks 14 145,598,543 87,301,020 4- Cheques
FINANCIAL OVERVIEW. Juan Carlos Baena
07 FINANCIAL OVERVIEW Juan Carlos Baena Disclaimer This presentation has been produced by Indra for the sole purpose expressed therein. Therefore, neither this presentation nor any of the information contained
Pohjola Group. 31 March 2008
Pohjola Group 31 March 2008 Group business structure Strategy Interim report 31 March 2008 Pohjola Group Banking and Investment Services Non-life Insurance Acquisition synergies Prospects for 2008 Dividend
APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015. Page 1 of 7
APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015 1 Details of the reporting period and the previous corresponding period Current period: 1 April 2014 to 31 March 2015
Aegon reports. Q1 2015 Results. The Hague May 13, 2015
Aegon reports Q1 2015 Results The Hague May 13, 2015 Alex Wynaendts CEO Darryl Button CFO Earnings impacted by adverse claims experience Underlying earnings impacted by adverse claims experience and low
FEC Announces Annual Results Strong Foundation for Future Growth
Immediate Release 24 June 2016 (Incorporated in the Cayman Islands with limited liability) Website: http://www.fecil.com.hk (Stock code:35.hk) FEC Announces Annual Results Strong Foundation for Future
- Sub-standard loans 31,093 50,092 - Unrealized interest on sub-standard loans (10,535) (12,698) Net Sub-Standard Loans 20,558 37,394
CONSOLIDATED BALANCE SHEET ASSETS (In millions of LBP) 1. Cash, Compulsory Reserves and Central Banks 1,012,603 1,014,857 2. Banks and financial institutions 1,234,691 760,707 3. Head office, branches,
Periodical Financial Information RESULTS
3M Periodical Financial Information 2014 RESULTS Main messages Ageas posts growing inflows; UK storms & floods impact Insurance result EUR 35 mio UK weather impact on Insurance net profit Group net result
UNIPOL GROUP PRESENTATION. Figures as at 30 September 2002
UNIPOL GROUP PRESENTATION Figures as at 30 September 2002 1 2 UNIPOL GROUP PRESENTATION SALES NETWORK FINANCIAL HIGHLIGHTS GROUP SUBSIDIARIES TARGETS UNIPOL GROUP STRUCTURE AS AT 30/09/2002 /2002 UNIPOL
The Italian Insurance Market
www.pwc.com/it September 2015 The Italian Insurance Market (2014 figures+ 3M15 overview) Agenda Page 1 Italian insurance market snapshots 1 2 Italian life insurance market 7 3 Italian nonlife insurance
PRESS RELEASE THE BOARD OF DIRECTORS OF CAMFIN SPA APPROVES FINANCIAL STATEMENTS AS OF 30 JUNE 2010:
CAMFIN PRESS RELEASE THE BOARD OF DIRECTORS OF CAMFIN SPA APPROVES FINANCIAL STATEMENTS AS OF 30 JUNE 2010: CONSOLIDATED NET INCOME 1.6 MILLION EUROS (22.7 MILLION EUROS IN THE FIRST HALF OF 2009 THANKS
Embedded Value Report
Embedded Value Report 2012 ACHMEA EMBEDDED VALUE REPORT 2012 Contents Management summary 3 Introduction 4 Embedded Value Results 5 Value Added by New Business 6 Analysis of Change 7 Sensitivities 9 Impact
SEK M Q4 02 Q3 02 Q2 02 Q1 02 Q4 01 Q3 01 Sales volume insurance (weighted*) Total 5,741 4,517 5,393 8,254 6,802 6,032
Appendix 1 SEB Trygg Liv SEB Trygg Liv represents the SEB Group s life insurance business according to a bank-assurance concept, i.e. an integrated banking and insurance business. The purpose of the concept
ONESTEEL LIMITED PRO-FORMA FINANCIAL INFORMATION FOR THE MERGED GROUP IN RESPECT OF THE MERGER ONESTEEL LIMITED AND SMORGON STEEL GROUP LIMITED
ONESTEEL LIMITED PRO-FORMA FINANCIAL INFORMATION FOR THE MERGED GROUP IN RESPECT OF THE MERGER OF ONESTEEL LIMITED AND SMORGON STEEL GROUP LIMITED For further information: Mark Gell General Manager, Corporate