SulAmérica. UBS Global Healthcare Services Conference February 11-13, 2008 New York

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "SulAmérica. UBS Global Healthcare Services Conference February 11-13, 2008 New York"

Transcription

1 SulAmérica UBS Global Healthcare Services Conference February 11-13, 2008 New York

2 Disclaimer The material that follows is a presentation of general background information about Sul América S.A. ( SulAmérica ) as of the date of the presentation. It is information in summary form and does not purport to be complete. It is not intended to be relied upon as advice to potential investors and does not form the basis for an informed investment decision. This presentation is strictly confidential and may not be disclosed to any other person. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the information presented herein. This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of SulAmérica and its subsidiaries that may cause the actual results of the companies to be materially different from any future results expressed or implied in such forward-looking statements. No person has any responsibility to update any such information. Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act of This presentation is being made only to investors that, by means of their attendance at this presentation, represent that they are Qualified Institutional Buyers as that term is defined in the Securities Act of Any offering of securities to be made in the United States will be made by means of an offering memorandum that will be sent to you at the address you provided today. Such offering memorandum will contain, or incorporate by reference, detailed information about SulAmérica and its business and financial results, as well as its financial statements. Investment decisions should be made on the basis of the offering memorandum and not on the basis of this presentation. This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment. 2

3 Agenda SulAmérica - Company Overview Healthcare - Industry Overview SulAmérica - #2 Health Insurer in Brazil Financial Highlights Growth Opportunities Market Performance

4 #1 Independent Insurance Group in Brazil Businesses Lines (1) Revenue Breakdown #2 health insurer 1.5 million members #3 auto insurer 1.6 million vehicles HEALTH AUTO 9M07 R$5.3 billion P&C (2) #5 industrial and commercial risks insurer LIFE & WEALTH Life #2 independent player (non-bank affiliates) 2.3 million members Pension #2 independent player in terms of pension reserves Asset Management #3 independent player R$ 8.7 billion of assets under management Highlights 6 million clients* 6,369 employees 26,500 active brokers* Net Income: R$ million Combined Ratio: 97.2% Source: SUSEP, ANS, ANBID and Company Ranking as of September 2007, except for Health which refers to December 2006 (latest available information) (1) 9M07 figures (2) Other Property and Casualty Insurance * Approximate figures 4

5 SulAmérica has 6 Main Strengths 105 points of presence Leader in markets with superior growth potential Room for growth in the Southeast region 26,500 active brokers Joint-venture with Banco do Brasil Bancassurance partnerships Nationwide Presence Strong Distribution Capabilities Optimize capital structure Acquisitions Bancassurance Organic growth Multiple Growth Opportunities Widely- Recognized Brand Brand developed over 112 years History of innovation and partnership Joint-venture with ING Solid Turnaround High Standards of Corporate Governance New strategy & business model ( ) Repositioning of existing business portfolio ( ) Focus on growth ( ) Board of directors composed by experienced professional, including 3 independent members Operations oversight by specialized committees Management compensation tied to financial performance and achievement of goals 5

6 Strong Improvement on Consolidated Key Figures Revenue Combined and Operational Ratios (R$ million) CAGR +7.2% +4.4% (%) Combined Operational Net Income ROAE (R$ million) +218% (%) +2,150 bps Non- Applicable Non- Applicable 6

7 Agenda SulAmérica - Company Overview Healthcare - Industry Overview SulAmérica - #2 Health Insurer in Brazil Financial Highlights Growth Opportunities Market Performance

8 Health Expenditure per Capita (US$ 000s) Healthcare Industry Opportunities GDP vs. Health Expenditure Registered Employees (1) (2) Source: World Health Organization (2004) GDP per Capita (US$ - Log scale) Source: IBGE (1) Registered employees as a percentage of total occupied population. (2) Registered employees monthly average income. End of the period. SME Distribution / # of Employees Main Opportunities Growth in income per capita and formal economy # Employees 2,968,944 Salary* (R$ billion) R$ 9.6 # Employees 479,719 Salary* (R$ billion) R$ 10.4 SME / affinity groups Restricted network / lower ticket products # Employees 2,968,944 Salary* (R$ billion) R$ 8.0 Source: IBGE 2001 (*) Total Employees annual income 8

9 Healthcare has a Significant Growth Potential Health Insurance Premiums Industry Revenue (R$ billion) CAGR +9.4% > 2,000 Healthcare Companies 679 Companies 2006 R$41.3 billion 858 Companies 510 Companies 12 Insurance Companies Source: ANS (1) Members Healthcare Companies Source: ANS 1) Other: ASO, Self-managed operators, Dental, Non profit institutions 2) Medical and Dental Cooperatives Key Drivers 38.3 million plan members (21% of population) Increasing penetration of healthcare plans Highly fragmented sector with room for consolidation Source: ANS September 2007 (1) in million # Members of Healthcare Companies 9

10 Law 9,656/98 Improved Regulatory Environment after 1998 Philanthropic Institutions Philanthropic Institutions Medical Cooperatives SUSEP Regulatory Environment ASO s & HMO s Medical Cooperatives ANS Regulatory Environment ASO s & HMO s Self-governing Operators Health Insurance Companies Group Dentistry and Dental Care Cooperatives Self-governing Operators Health Insurance Companies Group Dentistry and Dental Care Cooperatives SUSEP regulates only Insurance Companies Other healthcare entities were not subject to any regulatory supervision Regulates preexisting conditions General contract adoption Standards of quality and coverage Authorizes price increases and adjustments 10

11 Agenda SulAmérica - Company Overview Healthcare - Industry Overview SulAmérica - #2 Health Insurer in Brazil Financial Highlights Growth Opportunities Market Performance

12 SulAmérica has 1.5 million Members and Market Share of 38% Health Insurance Premiums Market Share Source: SUSEP and ANS Health refers to December 2006 (latest available information) Covered Individuals ( 000s) 1,590 1,520 1,532 1,524 # Member Market Share 2.6% Source: ANS Sep/07 (*) Composed by several Cooperatives Strategic Segment Group Health Group health - the strategic focus of the Company in health, represented 57.7% of total members in 9M07 and increased 4.0% in 9M07 over 9M06. SME - increased 32.3% in 9M07 over 9M06. Strategic corporate clients * 4.2% 3.2% 2.9% 2.9% 6.7% 6.6% 5.2% 12.1% 53.6% 12

13 Third-Party Network and Distribution Channel Broad Geographic Coverage 20,500 physicians 1,480 hospitals 3,060 laboratories 150 emergency units 2,031 dentists Competitive Advantages Flexibility and lower fixed costs associated with a third-party network Higher bargaining power with service providers Main Distribution Channels Independent insurance brokers Brokers specializing in health insurance and employee-benefit solutions Joint-venture with Banco do Brasil Brasilsaúde Net Income R$6.8 million in Dec 2007 and 15.5%ROE Earned Premiums of R$130.6 million, representing a growth of 2.4% over 2006 New partnerships with brokers 13

14 Prevention and Wellness Program Cost Reduction Strategy Highlights Goal: Improve the quality of life and health of our covered individuals to reduce claims and healthcare costs. Active Health Program was made up of more than 73,000 individuals covered under our individual and group health insurance policies. Used by approximately 253 companies that contract our group health insurance policies. 14

15 Dental Care Expand Cross Selling Opportunities Highlights Dental care products offered since 1982 Dental care coverage provided both under dental care insurance policies and ASO dental care plans Approximately 16% of our covered individuals in ASO have dental care Average monthly insurance premiums of R$29.1 per policyholder Average per capita fees of R$2.6 plan holder of our ASO dental care plans. Covered Individuals ( 000s) Total Covered: 85,130 Source: Company Sep/07 15

16 Agenda SulAmérica - Company Overview Healthcare - Industry Overview SulAmérica - #2 Health Insurer in Brazil Financial Highlights Growth Opportunities Market Performance

17 Health Consolidated Results Insurance Premiums Loss Ratio (R$ million) (R$ million) Acquisition Costs Highlights (R$ million) Health insurance premiums represented 56.0% of total premiums in 9M07 Increased 10.5% in 9M07 over 9M06, excluding the impact of the additional individual health insurance premium receivables. The overall health insurance loss ratio was 76.1% in 9M07, an improvement of 440 bps over 9M06, excluding the impact of the additional individual health insurance premium receivables. 17

18 Group Health Insurance Premiums Loss Ratio (R$ million) (R$ million) Acquisition Costs Highlights (R$ million) Group health insurance premiums (the strategic focus of the Company in health, which represented 33.0% of total insurance premiums in 9M07) increased 12.6% in 9M07 over 9M06. The group health insurance loss ratio was 73.7% in 9M07, an improvement of 220 bps over 9M06. 18

19 Individual Health Insurance Premiums Loss Ratio (R$ million) (R$ million) Premium Adjustment (ANS) Highlights (%) Individual health insurance premiums increased 7.5% in 9M07 over 9M06, excluding the impact of the additional individual health insurance premium receivables. Individual health insurance loss ratio was 79.6% in 9M07, an improvement of 890 bps over 9M06, excluding the impact of the additional individual health insurance premium receivables. 19

20 Agenda SulAmérica - Company Overview Healthcare - Industry Overview SulAmérica - #2 Health Insurer in Brazil Financial Highlights Growth Opportunities Market Performance

21 Growth Opportunities Expand presence in the SME and Dental Segments Re-launch Dental Care Product New Product with Restricted Network Improve Underwriting Process 21

22 Agenda SulAmérica - Company Overview Healthcare - Industry Overview SulAmérica - #2 Health Insurer in Brazil Financial Highlights Growth Opportunities Market Performance

23 Market Performance Price: R$26.14 per Unit - February 07, 2008 Market Capitalization 2,451,025,212 UBS Dec 2007 Dec 2008 P/BV 1.3x P/E 6.9x Unibanco Dec 2007 Dec 2008 P/BV 1.3x P/E 6.2x Santander Dec 2007 Dec 2008 P/BV 1.3x P/E 5.7x Banks Average Dec 2007 Dec 2008 P/BV 1.3x P/E 6.2x - February 07,

24 Market Performance

25 Analyst Coverage Latest report: December 3, Recommendation: Buy Target-price: R$ month from report date: December 2008 Contact: Bruno Pereira Phone: Latest report: December 10, Recommendation: Buy Target-price: R$ year-end Contact: Henrique Navarro Phone: Contact: Boris Molina Phone: Latest report: January 11, Recommendation: Buy Target-price: R$ year-end Contact: Daniel Mourão Phone:

26 Investor Relation Contact Sul América S.A. Rua da Quitanda 86 7th floor Centro Rio de Janeiro, RJ Phone: Investor Relations Department Carolina Pinheiro Coura Phone:

27 Appendix

28 Income Statement Year Ended December 31, Nine Months Ended Sept 30, R$ million Insurance premiums , ,207.6 Reinsurance premiums ceded Other ceded premiums, net Retained premiums , ,893.2 Changes in insurance and reinsurance technical reserves Earned premiums , ,917.5 Retained claims and benefit expenses , ,399.2 Acquisition costs Other insurance operating income (expenses) Net operating income from private pension business Net operating income from ASO business Net operating income from asset management business Administrative expenses Tax expenses Net financial income Equity income from non-consolidated subsidiaries and others Non-operating income (expenses) Income before income tax, social contribution and profit sharing Income tax and social contribution Profit sharing Minority interest Interest on shareholders' equity Net income (loss) Selected Operating Ratios (%): Loss ratio (Retained Claims / Earned Premiums) 77,8 75,1 71,4 73,4 69,1 Health 84,9 81,3 78,9 80,4 73,9 Auto 67,8 68,3 60,5 63,2 62,3 Other property and casualty 55,1 55,8 66,2 71,5 60,5 Life 93,7 77,9 65,2 63,8 64,0 Combined ratio (Loss ratio plus Underwriting Expense ratio) 106,5 101,3 98,4 99,6 97,2 28

29 Balance Sheet As of December 31, As of Sept 30, R$ million Current assets Cash, cash equivalents and marketable securities Receivables from insurance and reinsurance operations Deferred acquisition costs Other current assets Non-current assets Marketable securities Judicial deposits Deferred acquisitions costs Other non-current assets Permanent assets Total assets Current liabilities Loans and financing Other accounts payable Payables for insurance, reinsurance and private pension operations Technical reserves for insurance, reinsurance and private pension Accrued liabilities for contingencies Non-current liabilities Taxes and contributions payable Loans and financing Other accounts payable Technical reserves for insurance and private pension Accrued liabilities for contingencies Minority interest Shareholders' equity Total liabilities and shareholders' equity

30 Summary Financial Information Financial Information (R$ million) Summary Financial Information 3Q07 3Q06 D% 9M07 Adjusted 9M06 D% Adjusted Consolidated Revenue 1, , % 5, , , % 2.8% Loss Ratio 70.4% 76.7% 6.3 p.p. (*) 69.1% 70.3% 73.4% 4.3 p.p. 3.1 p.p. Combined Ratio 96.5% 100.9% 4.4 p.p. 97.2% 98.2% 99.6% 2.4 p.p. 1.4 p.p. Net Financial Income % % - Net Income % % 188.5% ROAE 25.7% 7.9% 17.8 p.p. 33.5% 30.1% 12.0% 21.5 p.p p.p. p.p.: percentage points (= 100 bps) Revenue (R$ million) Consolidated Revenue 3Q07 3Q06 D% 9M07 Adjusted (*) 9M06 D% Adjusted Health Insurance % 2, , , % 10.5% Auto Insurance % 1, , % -4.3% (**) Other Property & Casualty Insurance % % - Life Insurance % % - Total Insurance Premiums 1, , % 5, , , % 2.8% (*) Other Revenue % % - Total Revenue 1, , % 5, , , % 2.8% (*) (*) Excludes additional individual health premiums related to prior periods only (**) Excludes RVNE 30

31 Gross Margin Gross Margin per Business Line Gross Margin Ratio (*) 3Q07 3Q06 D p.p. 9M07 9M06 D p.p. Health Insurance 19.8% 11.5% % 14.7% 6.8 Individual 17.5% 7.7% % 12.3% 13.1 Group 21.3% 14.0% % 16.4% 2.4 Auto 19.9% 18.2% % 18.4% 0.1 P&C 16.3% 3.7% % 9.9% 11.8 Life 6.2% -2.9% % 16.2% 1.2 Total 19.0% 12.4% % 15.6% 4.8 (*) (Earned premiums - net losses - deferred commissions) / (earned premiums) 31

32 Financial Income Net Financial Income (R$ million) Net Financial Income 9M07 9M06 D% Return on Investment Portfolio % Income from Insurance and Pension Operations (68.4) (35.9) 90.7% CPMF % Other 1.1 (27.3) - Net Financial Income % Investment Portfolio Fixed Income Government (9M07) (9M07) 32

Institutional Presentation

Institutional Presentation Institutional Presentation SulAmérica and Industry SULAMÉRICA A DIFFERENTIATED APPROACH Largest independent Brazilian insurer, leveraging strong brand reputation with a multiline model: One Stop Shop,

More information

3Q11. Insurance premiums grow 9.6% to R$2.4 billion in 3Q11. Highlights. Conference Calls and Webcasts:

3Q11. Insurance premiums grow 9.6% to R$2.4 billion in 3Q11. Highlights. Conference Calls and Webcasts: 3Q11 Rio de Janeiro, November 3 rd, 2011 - SulAmérica S.A. (BM&FBovespa: SULA11), the largest independent insurance group in Brazil, presents its results for the third quarter of 2011 (3Q11). The Company

More information

PDG Realty raises its stake in CHL to 50%

PDG Realty raises its stake in CHL to 50% PDG Realty raises its stake in CHL to 50% Investors Relations: Michel Wurman Investors Relations Director João Mallet Investors Relations Manager Telephone: (21) 3804 3800 E-mail: ri@pdgrealty.com.br Website:

More information

BRASIL BROKERS RESULTS 3 rd Quarter 2011 BRASIL BROKERS RESULTS

BRASIL BROKERS RESULTS 3 rd Quarter 2011 BRASIL BROKERS RESULTS 1 This presentation does not constitute an offer, or invitation, or solicitation of an offer to subscribe for or purchase This presentation any securities does neither not constitute does this an presentation

More information

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015 2015 FIRST HALF RESULTS CONFERENCE CALL August 31st, 2015 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

2010 Earnings Release. March 31, 2011

2010 Earnings Release. March 31, 2011 2010 Earnings Release March 31, 2011 Speakers Carlos Alberto Trindade Filho CEO Bruno Padilha de Lima Costa CFO and IRO Disclaimer This presentation does not constitute an offer, or invitation, or solicitation

More information

BR INSURANCE CORRETORA DE SEGUROS S.A. ANNOUNCES 1Q16 RESULTS.

BR INSURANCE CORRETORA DE SEGUROS S.A. ANNOUNCES 1Q16 RESULTS. RELEASE OF RESULTS Investor Relations Marcelo Moojen Epperlein CEO and IRO (55 11) 3175-2900 ri@brinsurance.com.br Ana Carolina Pires Bastos Investor Relations (55 11) 3175-2920 BR INSURANCE CORRETORA

More information

Porto Seguro S.A. March 2007

Porto Seguro S.A. March 2007 Porto Seguro S.A. March 2007 Porto Seguro Highlights Porto Seguro Highlights Beginning of activities Largest insurance group in Brazil Leader in auto insurance R$ billion Written Premiums in 2006 Direct

More information

2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014

2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014 2014 FIRST QUARTER RESULTS CONFERENCE CALL May 15th, 2014 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

Investor Relations May 2016. Project: 701 Praças da Lapa

Investor Relations May 2016. Project: 701 Praças da Lapa Investor Relations May 2016 Project: 701 Praças da Lapa Even 2 Over 40 years of history... 2006 Acquisition of interest by Spinnaker 1974 abc investmob is founded 1999 ISO 9000 Certification ERP system

More information

The General Department of Insurance Control

The General Department of Insurance Control Saudi Arabian Monetary Agency The General Department of Insurance Control The Saudi Insurance Market Report 2014 Table of Contents Introduction 4 Insurance Market Performance - Overall Gross Written Premiums

More information

Earnings Release. Investor Relations HIGHLIGHTS. Brasil Insurance discloses its 4Q10 results

Earnings Release. Investor Relations HIGHLIGHTS. Brasil Insurance discloses its 4Q10 results Investor Relations Bruno Padilha de Lima Costa Investor Relations Officer (55 21) 3433-5060 ri@brasilinsurance.com.br 4Q10 Earnings Conference Call Thursday, March 31, 2010 Portuguese 10:00 a.m. (BR);

More information

Institutional Presentation June 13

Institutional Presentation June 13 Institutional Presentation June 13 BB Seguridade Largest Insurance, Pension and Premium Bonds Company in Latin America Fast Growing with High Profitability Largest Insurance Broker in Latin America Largest

More information

NN GROUP FINANCIAL SUPPLEMENT 1Q2016

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

More information

E.SUN FHC Financial Review of 1Q 2015

E.SUN FHC Financial Review of 1Q 2015 E.SUN FHC Financial Review of 1Q 2015 May 2015 Disclaimer This Presentation is provided by E.SUN Financial Holding Co., Ltd. ( E.SUN FHC ). E.SUN makes no guarantee or warranties as to the accuracy or

More information

Porto Seguro S.A. December 2006

Porto Seguro S.A. December 2006 Porto Seguro S.A. December 2006 Porto Seguro S.A. Total Revenues R$ m illion 2006 2005 Variation Total Revenues 4,548.1 3,849.9 18.1% (R$ million) 4,548.1 3,849.9 2,384.6 2,758.5 3,232.4 2002 2003 2004

More information

2015 FULL YEAR RESULTS CONFERENCE CALL. March 14th, 2016

2015 FULL YEAR RESULTS CONFERENCE CALL. March 14th, 2016 2015 FULL YEAR RESULTS CONFERENCE CALL March 14th, 2016 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

How to improve the Banco Santander Brasil business model by analyzing opportunities of Cross Sell

How to improve the Banco Santander Brasil business model by analyzing opportunities of Cross Sell Case Study - 2012 How to improve the Banco Santander Brasil business model by analyzing opportunities of Cross Sell Is it possible to increase client relationship efficiency and revenue by collect, analyze

More information

Asian Non Life Markets - Challenges and opportunities

Asian Non Life Markets - Challenges and opportunities Investor Day 2012 Asian Non Life Markets - Challenges and opportunities Gary Crist CEO Ageas Asia INVESTOR DAY 2012 Asian Non-Life Markets Challenges and Opportunities Conclusions China South Korea Taiwan

More information

Consolidated and Non-Consolidated Financial Statements

Consolidated and Non-Consolidated Financial Statements May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,

More information

Gjensidige Insurance Group Q4 2008 and preliminary 2008

Gjensidige Insurance Group Q4 2008 and preliminary 2008 Gjensidige Insurance Group Q4 2008 and preliminary 2008 Disclaimer The information contained herein has been prepared by and is the sole responsibility of Gjensidige Forsikring BA ( the Company ). Such

More information

Trxade Group, Inc. (TCQB: TRXD): Record Revenues in Q3

Trxade Group, Inc. (TCQB: TRXD): Record Revenues in Q3 Siddharth Rajeev, B.Tech, MBA, CFA Analyst November 5, 2015 Trxade Group, Inc. (TCQB: TRXD): Record Revenues in Q3 Sector/Industry: E-commerce Market Data (as of November 5, 2015) Current Price $1.15 Fair

More information

Institutional Presentation 2014. Institutional Presentation

Institutional Presentation 2014. Institutional Presentation Institutional Presentation 2014 Institutional Presentation Overview Track Record 2013 IPO BB Seguridade Equity investment in IRB Brasil RE 2012 2008-2011 2010 Established Joint Venture with Mapfre Creation

More information

Full Year Report 2005. 26 January 2006

Full Year Report 2005. 26 January 2006 Full Year Report 2005 26 January 2006 Important Notice This Presentation has been produced by TradeDoubler AB (the Company ) and is furnished to you solely for your information. This document contains

More information

2013 Year End Results

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

More information

Sberbank Group s IFRS Results for 6 Months 2013. August 2013

Sberbank Group s IFRS Results for 6 Months 2013. August 2013 Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB

More information

YE08 Consolidated Financial Results. February 13, 2009

YE08 Consolidated Financial Results. February 13, 2009 YE08 Consolidated Financial Results February 13, 2009 1 We support our strategy with strong risk management Proven risk management track record and the highest credit ratings given to a bank in Turkey

More information

JGWPT Holdings Inc. Reports Third Quarter Financial Results

JGWPT Holdings Inc. Reports Third Quarter Financial Results JGWPT Holdings Inc. Reports Third Quarter Financial Results 12.20.13 RADNOR, Pa.--(BUSINESS WIRE)-- JGWPT Holdings Inc. ( JGWPT or the Company ) (NYSE:JGW), a leading purchaser of structured settlement

More information

E.SUN FHC Financial Review of 3Q 2015

E.SUN FHC Financial Review of 3Q 2015 E.SUN FHC Financial Review of 3Q 2015 Nov. 2015 Disclaimer This Presentation is provided by E.SUN Financial Holding Co., Ltd. ( E.SUN FHC ). E.SUN makes no guarantee or warranties as to the accuracy or

More information

NN GROUP FINANCIAL SUPPLEMENT 4Q2014

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

More information

NEWS RELEASE FOR IMMEDIATE RELEASE

NEWS RELEASE FOR IMMEDIATE RELEASE NEWS RELEASE FOR IMMEDIATE RELEASE Readers are referred to the sections entitled Forward looking Statements and Non IFRS Financial Measures at the end of this release. The Corporation s financial results

More information

SBERBANK GROUP S IFRS RESULTS. March 2015

SBERBANK GROUP S IFRS RESULTS. March 2015 SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB

More information

EMC Insurance Group Inc. Reports 2014 Fourth Quarter and Year-End Results and 2015 Operating Income Guidance

EMC Insurance Group Inc. Reports 2014 Fourth Quarter and Year-End Results and 2015 Operating Income Guidance FOR IMMEDIATE RELEASE Contact: Steve Walsh (Investors) 515-345-2515 Lisa Hamilton (Media) 515-345-7589 EMC Insurance Group Inc. Reports 2014 Fourth Quarter and Year-End Results and 2015 Operating Income

More information

Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015. Analyst Briefing 29 February 2016

Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015. Analyst Briefing 29 February 2016 Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015 Analyst Briefing 29 February 2016 1 AMB Group Results Allianz Malaysia Berhad (12428-W) Resilient Growth Operating revenue Group operating revenue

More information

Key performance indicators

Key performance indicators The information included in the following sheets of this Excel file forms an integral part of the Aegon press release on the Q2 results 2013 as published on August 8, 2013. Cautionary note regarding non-ifrs

More information

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013 Focus on fleet customers SAF-HOLLAND Annual Financial Statements 213 Detlef Borghardt, CEO Wilfried Trepels, CFO March 13, 214 Agenda 1 Financials 3 2 Appendix 21 2 Executive Summary 1 2 3 Group sales

More information

AMERISAFE INC FORM 8-K. (Current report filing) Filed 04/29/15 for the Period Ending 04/29/15

AMERISAFE INC FORM 8-K. (Current report filing) Filed 04/29/15 for the Period Ending 04/29/15 AMERISAFE INC FORM 8-K (Current report filing) Filed 04/29/15 for the Period Ending 04/29/15 Address 2301 HIGHWAY 190 WEST DERIDDER, LA 70634 Telephone 337-463-9052 CIK 0001018979 Symbol AMSF SIC Code

More information

2013 Third Quarter Review October 25, 2013 1

2013 Third Quarter Review October 25, 2013 1 October 25, 213 1 Panalpina Group October 25, 213 213 Third Quarter Review October 25, 213 2 Highlights and key figures Operating and financial review Outlook Growth in profitability and margins in the

More information

Investor Relations 2Q12 HIGHLIGHTS. Brasil Insurance Reports 2Q12 Financial Results

Investor Relations 2Q12 HIGHLIGHTS. Brasil Insurance Reports 2Q12 Financial Results Investor Relations Luis Eduardo Fischman Investor Relations Officer (55 21) 3626-1550 ri@brasilinsurance.com.br 2Q12 Earnings Conference Call Tuesday, August 14, 2012 Brasil Insurance Reports 2Q12 Financial

More information

Re: Agreement to Commence the Process for the Acquisition of Amlin, a UK Insurance Holding Company by Mitsui Sumitomo Insurance

Re: Agreement to Commence the Process for the Acquisition of Amlin, a UK Insurance Holding Company by Mitsui Sumitomo Insurance September 8, 2015 MS&AD Insurance Group Holdings, Inc. Re: Agreement to Commence the Process for the Acquisition of Amlin, a UK Insurance Holding Company by Mitsui Sumitomo Insurance Mitsui Sumitomo Insurance

More information

Tetragon Financial Group Limited ( TFG )

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

More information

Alleanza Assicurazioni. 2006 First Half Results

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

More information

Institutional Presentation 1Q13

Institutional Presentation 1Q13 Institutional Presentation BB Seguridade Largest Insurance, Pension and Premium Bonds Company in Latin America Fast Growing with High Profitability Largest Insurance Broker in Latin America Largest Life

More information

Consolidated Results 2011

Consolidated Results 2011 SAG GEST Soluções Automóvel Globais, SGPS, SA Listed Company Estrada de Alfragide, nº 67, Amadora Registered Share Capital: 169,764,398 euros Registered at the Amadora Registrar of Companies under the

More information

Sapiens results in the first quarter represent a solid start to achieving our financial targets for the full year.

Sapiens results in the first quarter represent a solid start to achieving our financial targets for the full year. Sapiens Reports 12% Year-Over-Year Increase in Quarterly Revenue to $41 Million Non-GAAP Quarterly Operating Profit Increased by 58.5% Year-Over-Year Holon, Israel, May 6, 2015 Sapiens International Corporation,

More information

Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP)

Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP) November 1, 2012 Sony Financial Holdings Inc. Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP) Tokyo, November 1, 2012

More information

2013 Second Quarter Review July 26, 2013 1

2013 Second Quarter Review July 26, 2013 1 213 Second Quarter Review July 26, 213 1 Panalpina Group Basel, July 26, 213 213 Second Quarter Review 213 Second Quarter Review July 26, 213 2 Highlights and key figures Operating and financial review

More information

Capital Stock. (units) 9/30/2015 512.362.664 509.842.829 1.022.205.493 6.522.831 13.045.663 19.568.494

Capital Stock. (units) 9/30/2015 512.362.664 509.842.829 1.022.205.493 6.522.831 13.045.663 19.568.494 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 9/30/2015 SUL AMÉRICA S/A Capital Stock Shares Number (units) Capital Stock Common Preferred

More information

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16 RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS Earnings Presentation Q2 FY16 Company Overview COMPANY OVERVIEW Rajesh Exports Ltd. (REL) was incorporated in 1989. Currently REL is a leader

More information

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013 SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%

More information

Business and Financial Highlights Nine Months Ended December 31, 2014. Shinsei Bank, Limited January 2015

Business and Financial Highlights Nine Months Ended December 31, 2014. Shinsei Bank, Limited January 2015 Business and Financial Highlights Nine Months Ended December 31, 214 Shinsei Bank, Limited January 215 Table of Contents Q3 FY214 Results: Key Points ------------------------------------------ Q3 FY214

More information

Results Presentation Jan-Sep 2014. November 25 th, 2014

Results Presentation Jan-Sep 2014. November 25 th, 2014 Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any

More information

Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors

Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors 28 January 2015 Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES.

More information

Life & Protection. Scott Ham CEO. John Hunter COO. Analyst & Investor Conference

Life & Protection. Scott Ham CEO. John Hunter COO. Analyst & Investor Conference Life & Protection Scott Ham CEO John Hunter COO Analyst & Investor Conference New York City, December 2010 Key messages Grow profitable new sales Leverage expertise to increase recruiting and expand existing

More information

Kuehne + Nagel International AG Analyst Conference Call Q1 Results 2014

Kuehne + Nagel International AG Analyst Conference Call Q1 Results 2014 Kuehne + Nagel International AG Analyst Conference Call Q1 Results 2014 April 14, 2014 Schindellegi, Switzerland Forward-Looking Statements This presentation contains forward-looking statements. Such statements

More information

ASPEN INSURANCE HOLDINGS LIMITED REPORTS SECOND QUARTER 2006 EARNINGS. Net profit of $101.8 million for three months ended June 30, 2006

ASPEN INSURANCE HOLDINGS LIMITED REPORTS SECOND QUARTER 2006 EARNINGS. Net profit of $101.8 million for three months ended June 30, 2006 FOR IMMEDIATE RELEASE Investor Contact: Aspen Insurance Holdings Limited T 441-297-9382 Noah Fields, Head of Investor Relations Julian Cusack, Chief Financial Officer European Press Contact: The Maitland

More information

Software AG Results 1 st Quarter 2015 (IFRS, unaudited)

Software AG Results 1 st Quarter 2015 (IFRS, unaudited) Software AG Results 1 st Quarter (IFRS, unaudited) April 29, 1 Safe Harbor This presentation includes forward-looking statements based on the beliefs of Software AG management. Such statements reflect

More information

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P BMO 2013 Technology and Digital Media Conference Forward-Looking Statements This presentation contains certain statements that

More information

For personal use only

For personal use only GROUP HIGHLIGHTS 1H12 1H11 % Premium revenue $554.4m $495.0m 12.0 Total policyholders 457,768 430,582 6.3 Net underwriting profit $42.7m $40.9m 4.5 Net investment income $12.4m $18.6m (33.2) Net profit

More information

Australian Accounting Standards Board (AASB)

Australian Accounting Standards Board (AASB) Standards Board () FACT SHEET September 2011 1038 Life Insurance Contracts (This fact sheet is based on the standard as at 1 January 2011.) Important note: This standard is an Australian specific standard

More information

China Harmony Auto 1H 2013 NDR Presentation. September 2013

China Harmony Auto 1H 2013 NDR Presentation. September 2013 China Harmony Auto 1H 2013 NDR Presentation September 2013 Disclaimer This document is confidential and is being prepared and supplied to you by China Harmony Auto Holding Limited (the Company") solely

More information

NN Group Insurance International

NN Group Insurance International NN Group Insurance International Robin Spencer, CEO International Insurance Capital Markets Day 19 November 2015 Portfolio of mature and developing international markets Top 3 positions in CEE 1 life insurance

More information

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014)

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) 28/4/2014 Name of registrant: ShinMaywa Industries, Ltd. Stock Exchange Listed: Tokyo Code number: 7224 (URL: http://www.shinmaywa.co.jp

More information

QSC AG. Company Presentation Results Q3 2009. Cologne, November 9, 2009 9.11.09

QSC AG. Company Presentation Results Q3 2009. Cologne, November 9, 2009 9.11.09 QSC AG Company Presentation Results Q3 2009 Cologne, November 9, 2009 1 9.11.09 AGENDA 1. Financial Results Jürgen Hermann, Chief Financial Officer 2. Operational Update & Outlook Dr. Bernd Schlobohm,

More information

Institutional Presentation March 2014. 2013 was one of our best years ever. Jovian acquisition adds private wealth management expertise

Institutional Presentation March 2014. 2013 was one of our best years ever. Jovian acquisition adds private wealth management expertise Industrial Alliance Yvon Charest President and Chief Executive Officer 1 Institutional Presentation March 2014 Introduction 2013 was one of our best years ever Solid top-line momentum Capital-light businesses

More information

The Hartford Financial Services Group, Inc. Business Profile March 31, 2006

The Hartford Financial Services Group, Inc. Business Profile March 31, 2006 The Hartford Financial Services Group, Inc. Business Profile March 31, 2006 Safe Harbor Statement Certain statements made in this presentation should be considered forwardlooking statements as defined

More information

(Unofficial Translation) Consolidated Summary Report under Japanese GAAP for the Nine Months Ended December 31, 2011 February 13, 2012

(Unofficial Translation) Consolidated Summary Report under Japanese GAAP for the Nine Months Ended December 31, 2011 February 13, 2012 (Unofficial Translation) Consolidated Summary Report under Japanese GAAP for the Nine Months Ended December 31, 2011 February 13, 2012 Company Name: The Dai-ichi Life Insurance Company, Limited Stock exchange

More information

Scotiabank Financials Summit September 4, 2014

Scotiabank Financials Summit September 4, 2014 Scotiabank Financials Summit September 4, 2014 Customers Capital Bank ~7,000 customers, high level of recurring revenue 2 Forward-Looking Statements This presentation contains certain statements that constitute

More information

Gjensidige Bank. Investor Presentation Q May 2015

Gjensidige Bank. Investor Presentation Q May 2015 Gjensidige Bank Investor Presentation Q1 2015 6. May 2015 Content Gjensidige and Gjensidige Bank in brief Financial performance Funding overview Appendix Gjensidige Bank in Brief KEY FINANCIALS 1 st QUARTER

More information

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings NEWS RELEASE For Immediate Release November 4, 2015 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737

More information

Nomura Securities Co., Ltd. Non-consolidated Balance Sheets

Nomura Securities Co., Ltd. Non-consolidated Balance Sheets ASSETS Non-consolidated Balance Sheets Nomura Securities Co., Ltd. (Millions of yen) March 31, 2014 March 31, 2015 Increase/(Decrease) Current Assets 12,488,887 13,949,399 1,460,512 Cash and time deposits

More information

33/81/ 139 240/196/ 128/128/ 128 70/133/ 210 245/218/ 101 1st Quarter 157/190/ 2013 231 249/231/ 157 218/231/ 246

33/81/ 139 240/196/ 128/128/ 128 70/133/ 210 245/218/ 101 1st Quarter 157/190/ 2013 231 249/231/ 157 218/231/ 246 1 st Quarter 2013 1 Disclaimer This presentation may include references and statements, planned synergies, estimates, projections of results, and future strategy for Banco do Brasil, it s Associated and

More information

INTENTION TO FLOAT ( ITF ) Press release, 14/01/2014

INTENTION TO FLOAT ( ITF ) Press release, 14/01/2014 INTENTION TO FLOAT ( ITF ) Press release, 14/01/2014 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN This announcement is not

More information

WESTERN FINANCIAL GROUP REPORTS FIRST QUARTER 2009 RESULTS

WESTERN FINANCIAL GROUP REPORTS FIRST QUARTER 2009 RESULTS For Immediate Release WESTERN FINANCIAL GROUP REPORTS FIRST QUARTER 2009 RESULTS High River, Alberta May 14, 2009, (TSX WES) - Western Financial Group ( the Company ) announced today its operating and

More information

Ally Financial Inc. Auto Securitization - Corporate Overview

Ally Financial Inc. Auto Securitization - Corporate Overview Ally Financial Inc. Auto Securitization - Corporate Overview 3Q 2015 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com Forward-Looking Statements and Additional Information

More information

Zurich Insurance Group - Low rates and heavy regulation: how to deliver shareholder returns

Zurich Insurance Group - Low rates and heavy regulation: how to deliver shareholder returns Zurich Insurance Group - Low rates and heavy regulation: how to deliver shareholder returns Martin Senn Chief Executive Officer BoAML 9th Annual Banking & Insurance CEO Conference London, October, 04 Group

More information

Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP)

Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP) February 10, 2016 Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP) (1st Quarter / October 1, 2015 December 31, 2015) Company Name Hosokawa Micron Corporation Stock Exchange

More information

Sul America Upgraded To 'BBB-' And Sul America Companhia Nacional de Seguros To 'BBB+' Under New Criteria Review

Sul America Upgraded To 'BBB-' And Sul America Companhia Nacional de Seguros To 'BBB+' Under New Criteria Review Research Update: Sul America Upgraded To 'BBB-' And Sul America Companhia Nacional de Seguros To 'BBB+' Under New Criteria Review Primary Credit Analyst: Suzane M Iamamoto, Sao Paulo (55) 11-3039-9728;

More information

Gerry Byrne Country Head Poland

Gerry Byrne Country Head Poland Gerry Byrne Country Head Poland Bank Zachodni WBK S.A. ( BZ WBK ) and Banco Santander, S.A. ("Santander") both caution that this presentation contains forward-looking statements. These forward-looking

More information

Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015. April 14, 2015 (CET 14.00) Schindellegi, Switzerland

Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015. April 14, 2015 (CET 14.00) Schindellegi, Switzerland Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015 (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements. Such statements

More information

United Fire Group, Inc. Reports Second Quarter 2015 Results

United Fire Group, Inc. Reports Second Quarter 2015 Results United Fire Group, Inc. Reports Second Quarter 2015 Results CEDAR RAPIDS, Iowa - (GLOBE NEWSWIRE) - United Fire Group, Inc. (NASDAQ OMX: UFCS), August 4, 2015 - FOR IMMEDIATE RELEASE Consolidated Financial

More information

Share Capital Increase

Share Capital Increase Share Capital Increase Additional Information Pack Part 2 July 2014 Table of contents Margins and profitability - Interest earning assets decomposition 3 Asset quality - Recovery analysis 4 Capital - Q2

More information

Remarks by George Quinn (slides 2 to 12), Chief Financial Officer of Zurich Insurance Group.

Remarks by George Quinn (slides 2 to 12), Chief Financial Officer of Zurich Insurance Group. Q1 Results 2015 Remarks by George Quinn (slides 2 to 12), Chief Financial Officer of Zurich Insurance Group. May 7, 2015 Slide 2: Key highlights Good morning or good afternoon. My name is George Quinn

More information

The Hartford Financial Services Group, Inc. Business Profile December 31, 2005

The Hartford Financial Services Group, Inc. Business Profile December 31, 2005 The Hartford Financial Services Group, Inc. Business Profile December 31, 2005 Safe Harbor Statement Certain statements made in this presentation should be considered forwardlooking statements as defined

More information

INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY. FIRST QUARTER 2000 Consolidated Financial Statements (Non audited)

INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY. FIRST QUARTER 2000 Consolidated Financial Statements (Non audited) INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY FIRST QUARTER 2000 Consolidated Financial Statements (Non audited) March 31,2000 TABLE OF CONTENTS CONSOLIDATED INCOME 2 CONSOLIDATED CONTINUITY OF EQUITY 3 CONSOLIDATED

More information

GLOBAL BANKING & MARKETS

GLOBAL BANKING & MARKETS GLOBAL BANKING & MARKETS Investors Day Boadilla del Monte. September 14 th, 2007 Important information 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements

More information

Management s Discussion and Analysis for 2014

Management s Discussion and Analysis for 2014 1 Business Overview Industry total premiums as of December were 504 billion baht 1, a 13.75% increase over the same period of the previous year. They can be divided into first year premiums of 171 billion

More information

2011 Interim Results. August,2011

2011 Interim Results. August,2011 2011 Interim Results August,2011 Cautionary Statements Regarding Forward-Looking Statements To the extent any statements made in this presentation containing g information that is not historical are essentially

More information

Kuehne + Nagel International AG Analyst Conference Call Half-Year 2015 Results. July 14, 2015 (CET 14.00) Schindellegi, Switzerland

Kuehne + Nagel International AG Analyst Conference Call Half-Year 2015 Results. July 14, 2015 (CET 14.00) Schindellegi, Switzerland Kuehne + Nagel International AG Analyst Conference Call Half-Year 2015 Results (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements. Such

More information

CHINA ENERGY ENGINEERING CORPORATION LIMITED*

CHINA ENERGY ENGINEERING CORPORATION LIMITED* Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Morgan Stanley Reports Third Quarter 2015:

Morgan Stanley Reports Third Quarter 2015: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports Third Quarter 2015: Net Revenues of $7.8 Billion and Earnings per Diluted Share of $0.48

More information

CONTACTS: PRESS RELATIONS BETSY CASTENIR (212) 339-3424 INVESTOR RELATIONS ROBERT TUCKER (212) 339-0861 FSA HOLDINGS FIRST QUARTER 2004 RESULTS

CONTACTS: PRESS RELATIONS BETSY CASTENIR (212) 339-3424 INVESTOR RELATIONS ROBERT TUCKER (212) 339-0861 FSA HOLDINGS FIRST QUARTER 2004 RESULTS FOR IMMEDIATE RELEASE CONTACTS: PRESS RELATIONS BETSY CASTENIR (212) 339-3424 INVESTOR RELATIONS ROBERT TUCKER (212) 339-0861 FSA HOLDINGS FIRST QUARTER 2004 RESULTS NET INCOME $84 Million in Q1 04 (+28%

More information

Domestic Insurance Business Strategy. Hideo TERAMOTO, Director, Senior Managing Executive Officer

Domestic Insurance Business Strategy. Hideo TERAMOTO, Director, Senior Managing Executive Officer Domestic Insurance Business Strategy Hideo TERAMOTO, Director, Senior Managing Executive Officer Growth Initiatives for Domestic Insurance Business Catering to the changing needs of our customers Product

More information

Ramón Tellaeche Santander Cards

Ramón Tellaeche Santander Cards Ramón Tellaeche Santander Cards Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in various

More information

INTERIM HALF YEAR 2016 RESULTS

INTERIM HALF YEAR 2016 RESULTS INTERIM HALF YEAR 2016 RESULTS 1 February 2016 to 31 July 2016 Inditex continues to expand its global, fully integrated store and online sales platform. In 1H2016 Inditex achieved a strong operating performance.

More information

August 11, 2015. Q2 2015 Earnings Presentation

August 11, 2015. Q2 2015 Earnings Presentation August 11, 2015 fa Q2 2015 Earnings Presentation Disclaimer These slides contain (and the accompanying oral discussion will contain) forward looking statements. All statements other than statements of

More information

NN Group N.V. 30 June 2015 Condensed consolidated interim financial information

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

More information

Numericable Group Company presentation

Numericable Group Company presentation Numericable Group Company presentation July 2013 Numericable Group Q1 2014 Results Presentation 13 May 2014 Paris Disclaimer 2 This document was prepared by Numericable Group for the sole purpose of this

More information

Third quarter results FY2015. August 17, 2015

Third quarter results FY2015. August 17, 2015 Third quarter results FY2015 August 17, 2015 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment

More information

GLOSSARY. a group of customers who share a common enterprise or social affinity or relationship

GLOSSARY. a group of customers who share a common enterprise or social affinity or relationship This glossary contains explanations of certain terms used in this prospectus in connection with the AIA Group and its business. These terms and their meanings may not always correspond to standard industry

More information