Allianz increases operating profit by almost a quarter to 3.7 billion euros
Group confirms full-year outlook1Q 2023: Total business volume rises 3.9 percent to 46.0 billion euros operating profit increases 24.2 percent to 3.7 billion euros; strong performance particularly in Life/Health and Property-Casualty business segments Shareholders’ core net income strong at 2.2 billion…
Financial worries fuel a growing health crisis
he world has faced several crises since COVID-19. A crisis in one area seems to be sparking a crisis in another, engulfing us all in what seems to be one continuous crisis or permacrisis. Most recently, the cost-of-living crisis also…
Allianz SE resolves on new share buy-back program with a volume of up to 1.5 billion euros
Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 1.5 billion euros. The program shall start end-May 2023 and be finalized by December 31, 2023, at the latest.…
Brent Hunter Named Cigna Healthcare General Manager for MidAmerica
Cigna Healthcare has named Brent Hunter as general manager for its group employer business in MidAmerica, which spans Iowa, Kansas, Missouri, Nebraska, North Dakota, and South Dakota. In this role, Brent will be responsible for driving market growth for client…
Ping An Publishes 2022 Annual Insurance Claims Report
Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An of China,” “Ping An,” the “Company” or the “Group,” HKEX: 2318; SSE: 601318) released its 2022 Annual Insurance Claims Report. In 2022, Ping An’s four insurance companies paid for…
A year after catastrophic floods, Lismore’s residents share their stories of courage and community
The city of Lismore in NSW’s Northern Rivers region is often celebrated as the “rainbow” region, a moniker that sums up its colourful arts and music scene, and its friendly locals. But in 2022, Lismore took a huge hit. Catastrophic…
Girls in Tech fostering the next generation of women in STEM
When was the first female crash test dummy used to accurately gauge the impact of car accidents on women’s bodies? Was it 30 years ago? Twenty years? Ten? Shockingly, it was only in November 2022 — a fact that drew…
Federal Budget reaction: CommBank Chief Economist
Commonwealth Bank of Australia’s Chief Economist Stephen Halmarick has provided an initial reaction to today’s 2023/24 Commonwealth Budget, ahead of the publication of a detailed report on its key spending commitments: “The 2022/23 budget is now estimated to be in surplus…
Household spending declines in April
The CommBank Household Spending Intentions (HSI) Index fell 4.3 per cent in April as a result of fewer trading days in the month with the Easter and Anzac Day public holidays, while the lagged effect of recent Reserve Bank of Australia (RBA)…
Customer focus and balance sheet strength, delivering for all stakeholders
Commonwealth Bank has reported an unaudited cash net profit after tax (NPAT) of $2.6 billion for the third quarter of its current financial year, up 1% on 1H23 quarterly average (up 3% after adjusting for day-count) and 10% higher than the…
RBC Global Asset Management Inc. announces April sales results for RBC Funds, PH&N Funds and BlueBay Funds
RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced April mutual fund net redemptions of $833 million. Long-term funds had net redemptions of $1.1 billion and money market funds had net sales of $225 million. Mutual fund assets under management increased by 1.1…
Wells Fargo Announces Transition Information for Outstanding U.S. Dollar LIBOR-Linked Instruments
Wells Fargo & Company (NYSE: WFC) (“Wells Fargo”) and certain of its consolidated subsidiaries have issued debt securities, certificates of deposit, trust preferred securities and preferred stock and related depositary shares that reference the London Interbank Offered Rate (LIBOR) for…