Showing posts with label Insurance. Show all posts
Showing posts with label Insurance. Show all posts
Wednesday, November 28, 2012
Phoenix insurance stock ratings
Phoenix insurance stock ratings : Phoenix Inc. (NYSE:PNX) is having a tough week. The company’s rating falls from a D to a F rating. Phoenix is the holding company of Phoenix Life Insurance Company. The stock receives F’s in Earnings Growth, Earnings Momentum, Earnings Revisions, and Equity. The stock price has dropped 26.4% over the past month, worse than the 1% decrease the S&P 500 has seen over the same period of time
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Tuesday, November 20, 2012
Reliance stock prices Analysis november 20 2012
Reliance stock prices Analysis november 20 2012 : Reliance Capital Ltd BSE 0.01 % surged over 2 per cent in early trade on Tuesday after the financial services major has begun talks to sell 26 per cent equity in its general insurance arm to a foreign partner.
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Best Health Care Provider stocks strong to buy This week
Best Health Care Provider stocks strong to buy november 2012 : This week, seven Health Care Provider stocks are improving their overall ratings on Portfolio Grader. Each of these stocks is rated an “A” (“strong buy”) or “B” overall (“buy”).
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Thursday, August 30, 2012
Why Admiral insurance stock down august 30 2012
Why Admiral insurance stock down august 30 2012 : Shares in Admiral, the owner of Confused.com, came under pressure as fears over slowing growth in its key UK car insurance arm overshadowed an eighth consecutive year of record profits.
The company said the number of vehicles it insures in the UK rose 7pc to 3.02m in the six months to June 30, compared to growth of 33pc during the same period last year.
Admiral also reported a drop in the extra revenue it makes per car from £86 to £82. This income includes fees for personal injury insurance, breakdown cover and car hire cover.
Henry Engelhardt, chief executive of Admiral, said it was “appropriate” for the company to moderate its growth in the UK.
He added: “After favourable conditions during 2010 and the first half of 2011 in the group’s core UK car insurance market, there has been a marked change in 2012, with premium rates falling and competitors seeking to add market share.”
Pre-tax profits in the division still rose from £168m last year to £183m, helping group profits up 7pc to a record £171m. However, shares in Admiral fell 34, or 2.8pc, to £11.62.
Eamonn Flanagan, analyst at Shore Capital, said: “Admiral reported interim results which were well below our expectations and included a number of features which reinforce our concerns over the group’s business model within the UK motor insurance industry.”
However, Stuart Duncan at Peel Hunt said the drop in Admiral’s reliance on ancillary income is “a positive outcome”.
Admiral is no longer earning revenues from the sale of legal protection policies and next year personal injury referral fees will be banned. The Office of Fair Trading is investigating the car insurance market, including extra fees.
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The company said the number of vehicles it insures in the UK rose 7pc to 3.02m in the six months to June 30, compared to growth of 33pc during the same period last year.
Admiral also reported a drop in the extra revenue it makes per car from £86 to £82. This income includes fees for personal injury insurance, breakdown cover and car hire cover.
Henry Engelhardt, chief executive of Admiral, said it was “appropriate” for the company to moderate its growth in the UK.
He added: “After favourable conditions during 2010 and the first half of 2011 in the group’s core UK car insurance market, there has been a marked change in 2012, with premium rates falling and competitors seeking to add market share.”
Pre-tax profits in the division still rose from £168m last year to £183m, helping group profits up 7pc to a record £171m. However, shares in Admiral fell 34, or 2.8pc, to £11.62.
Eamonn Flanagan, analyst at Shore Capital, said: “Admiral reported interim results which were well below our expectations and included a number of features which reinforce our concerns over the group’s business model within the UK motor insurance industry.”
However, Stuart Duncan at Peel Hunt said the drop in Admiral’s reliance on ancillary income is “a positive outcome”.
Admiral is no longer earning revenues from the sale of legal protection policies and next year personal injury referral fees will be banned. The Office of Fair Trading is investigating the car insurance market, including extra fees.
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Wednesday, August 29, 2012
Facts Hurricane Isaac And insurance payouts
Facts Hurricane Isaac And insurance payouts : As the Gulf Coast braces for hurricane-force weather, there may be some solace in understanding how flood and windstorm coverage works. Here are five things you should know:
1. People usually underestimate the risk
Ninety percent of all natural disasters that occur nationwide involve flooding, according to the National Flood Insurance Program (NFIP). To further underscore the danger, the NFIP notes that homes have a 26 percent chance of flooding during the life of a typical 30-year mortgage. That compares to the nine percent risk your home will suffer fire damage, says the NFIP. (See: "5 ways Mother Nature undermines your homeowner insurance.")
Also, keep in mind that if you live in flood-prone areas, like those threatened by Isaac, your homeowners policy doesn't protect you for flood damage. You'll need separate insurance for that, provided by the NFIP and purchased through most insurance companies. To make sure your community is eligible for NFIP coverage, visit the NFIP's Community Status Book.
2. The 30-day clause
You can't just go out and buy flood insurance after learning that a hurricane or tropical storm is approaching. Coverage becomes effective 30 days after purchase, so the NFIP recommends that you consider where you live and the risks living there, and plan ahead.
3. Wind damage and insurance
Insurance for windstorm damage caused by hurricanes usually comes with a deductible tied to your home's value, according to the Insurance Information Institute (III). That deductible typically ranges from 1 percent to 5 percent. So, if your $200,000 house has a 2 percent wind damage deductible, you'd have to pay for $4,000 toward repairs. (See: "The $5,000 gap in your hurricane coverage.')
"In some coastal areas with high wind risk, hurricane deductibles may be higher" and even approach 10 percent, notes the III. (See: "Who pays when my tree falls on a neighbor's porch?')
4. Premiums for flood insurance
The average premium for flood insurance in 2010 was about $600 a year, according to the NFIP. But it can climb dramatically in a high-risk area -- $250,000 of protection in a coastal zone can cost you about $3,900, according to the NFIP's Floodsmart website.
The NFIP also provides flood insurance in low- to moderate-risk areas for much less, as low as $129 a year in some cases.
5. Limits of federal flood protection insurance
Flood insurance provided by the NFIP tops out at $250,000, so you may have to buy more flood coverage with a private insurer.
These policies can add as much as several million dollars of extra coverage to your NFIP base, but can only be purchased after first securing the NFIP protection, says Christina Loznicka, a spokesperson for Allstate.
More than $16.2 billion in insurance payouts for Hurricane Katrina
One of the ways to measure the impact of such natural disasters is to consider the property damage and resulting insurance losses left in their wake. The III -- drawing on statistics gathered from the Federal Emergency Management Agency (FEMA) and the U.S. Department of Homeland Security -- recently released a list of the highest hurricane- and flood-related insurance payouts, from Jan. 1, 1978, to July 31, 2011:
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1. People usually underestimate the risk
Ninety percent of all natural disasters that occur nationwide involve flooding, according to the National Flood Insurance Program (NFIP). To further underscore the danger, the NFIP notes that homes have a 26 percent chance of flooding during the life of a typical 30-year mortgage. That compares to the nine percent risk your home will suffer fire damage, says the NFIP. (See: "5 ways Mother Nature undermines your homeowner insurance.")
Also, keep in mind that if you live in flood-prone areas, like those threatened by Isaac, your homeowners policy doesn't protect you for flood damage. You'll need separate insurance for that, provided by the NFIP and purchased through most insurance companies. To make sure your community is eligible for NFIP coverage, visit the NFIP's Community Status Book.
2. The 30-day clause
You can't just go out and buy flood insurance after learning that a hurricane or tropical storm is approaching. Coverage becomes effective 30 days after purchase, so the NFIP recommends that you consider where you live and the risks living there, and plan ahead.
3. Wind damage and insurance
Insurance for windstorm damage caused by hurricanes usually comes with a deductible tied to your home's value, according to the Insurance Information Institute (III). That deductible typically ranges from 1 percent to 5 percent. So, if your $200,000 house has a 2 percent wind damage deductible, you'd have to pay for $4,000 toward repairs. (See: "The $5,000 gap in your hurricane coverage.')
"In some coastal areas with high wind risk, hurricane deductibles may be higher" and even approach 10 percent, notes the III. (See: "Who pays when my tree falls on a neighbor's porch?')
4. Premiums for flood insurance
The average premium for flood insurance in 2010 was about $600 a year, according to the NFIP. But it can climb dramatically in a high-risk area -- $250,000 of protection in a coastal zone can cost you about $3,900, according to the NFIP's Floodsmart website.
The NFIP also provides flood insurance in low- to moderate-risk areas for much less, as low as $129 a year in some cases.
5. Limits of federal flood protection insurance
Flood insurance provided by the NFIP tops out at $250,000, so you may have to buy more flood coverage with a private insurer.
These policies can add as much as several million dollars of extra coverage to your NFIP base, but can only be purchased after first securing the NFIP protection, says Christina Loznicka, a spokesperson for Allstate.
More than $16.2 billion in insurance payouts for Hurricane Katrina
One of the ways to measure the impact of such natural disasters is to consider the property damage and resulting insurance losses left in their wake. The III -- drawing on statistics gathered from the Federal Emergency Management Agency (FEMA) and the U.S. Department of Homeland Security -- recently released a list of the highest hurricane- and flood-related insurance payouts, from Jan. 1, 1978, to July 31, 2011:
- Hurricane Katrina, in 2005, resulted in 167,397 flood insurance claims with an average of $96,821 paid for each settlement. That's a total of $16.208 billion in payouts.
- Hurricane Ike (2008): 46,316 claims, $57,033 per settlement, $2.642 billion total.
- Hurricane Ivan (2004): 27,647 claims, $57,371 per settlement, $1.586 billion total.
- Tropical Storm Allison (2001): 30,663 claims, $36,000 per settlement, $1.104 billion total.
- Louisiana flood (1995): 31,343 claims, $18,667 per settlement, $585 million total.
- Hurricane Isabel (2003): 19,864 claims, $24,825 per settlement, $493 million total.
- Hurricane Rita (2005): 9,514 claims, $49,562 per settlement, $472 million total.
- Hurricane Floyd (1999): 20,438 claims, $22,618 per settlement, $462 million total.
- Hurricane Opal (1995): 10,343 claims, $39,208 per settlement, $406 million total.
- Hurricane Hugo (1989): 12,840 claims, $29,317 per settlement, $376 million total.
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EMC Insurance dividend per share report august 29 2012
EMC Insurance dividend per share report august 29 2012 : EMC Insurance Group Inc. (NASDAQ:EMCI) (the "Company") today declared a quarterly dividend of $0.20 per share of common stock payable September 17, 2012 to shareholders of record as of September 10, 2012. This is the one hundred and twenty-third consecutive quarterly dividend declared since EMC Insurance Group Inc. became a publicly held company in February 1982.
On Wednesday, September 5, 2012, Mr. Bruce G. Kelley, President and Chief Executive Officer, and Mr. Mark E. Reese, Senior Vice President and Chief Financial Officer, will present at the Keefe, Bruyette & Woods 2012 Insurance Conference at the Crowne Plaza Times Square Hotel in New York City, NY at 11:05 a.m. eastern daylight time.
Interested persons may access a webcast of the presentation on the Company's website at http://www.emcins.com/ir/Presentations.aspx or at the official conference site at http://wsw.com/webcast/kbw5/emci/.
Presentation slides will also be available at both URL sites listed above. A replay of the presentation will be available at the websites listed above for 90 days after the event.
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On Wednesday, September 5, 2012, Mr. Bruce G. Kelley, President and Chief Executive Officer, and Mr. Mark E. Reese, Senior Vice President and Chief Financial Officer, will present at the Keefe, Bruyette & Woods 2012 Insurance Conference at the Crowne Plaza Times Square Hotel in New York City, NY at 11:05 a.m. eastern daylight time.
Interested persons may access a webcast of the presentation on the Company's website at http://www.emcins.com/ir/Presentations.aspx or at the official conference site at http://wsw.com/webcast/kbw5/emci/.
Presentation slides will also be available at both URL sites listed above. A replay of the presentation will be available at the websites listed above for 90 days after the event.
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China Life Insurance will investment in real estate and infrastructure sector 2012-2013
China Life Insurance will investment in real estate and infrastructure sector 2012-2013 : China Life Insurance Co. (2628.HK), the world's largest life insurer by market value, will boost its investment in the real estate sector and major infrastructure projects for higher returns, Chairman Yang Mingsheng said Wednesday after the company reported a 26% drop in first-half net profit.
Speaking at a news briefing in Hong Kong, Mr. Yang said that China Life would boost its investment in the real estate sector in late 2012 and 2013. The insurer will also step up infrastructure investment, he said, although he didn't give a time frame.
The key to broadening our investment channels is to enter into the real economy, especially the real estate sector and major infrastructure construction led by the government," he said.
Mr. Yang added that the insurer's return on investment in the first half of the year was hurt by the sluggish stock markets and less than robust insurance premium income.
The chairman said that investment in real estate could provide as much as a 6% investment return while investment in the stock market was producing less than 1% and the bond market about 2%.
The company on Tuesday reported a 26% drop in first-half net profit, citing lower premium income and higher asset impairments arising from sluggish domestic capital markets.
Vice President Liu Jiade told the briefing that China Life had made sufficient provisions for impairment losses.
Mr. Liu also said that China's A-share market provides opportunities for investment as the average price-to-equity ratio had fallen to less than 14 times. He added that the economic slowdown will pressure A-share prices in the second half of the year.
Chairman Yang said the insurer will face increasing competition from banks' wealth management products as well as banks' bigger presence in the industry as they acquire insurers.
Meanwhile, he said the insurer has yet to make a decision on a possible increase in its stake in China Guangfa Bank. China Life has a 20% stake in China Guangfa, according to the bank's website.
According to a report in Hong Kong's South China Morning Post on Wednesday, China Life has entered into talks with some investment agencies of Guangdong province, which plan to sell some of their holdings in China Guangfa Bank. The report cited people familiar with the situation.
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Speaking at a news briefing in Hong Kong, Mr. Yang said that China Life would boost its investment in the real estate sector in late 2012 and 2013. The insurer will also step up infrastructure investment, he said, although he didn't give a time frame.
The key to broadening our investment channels is to enter into the real economy, especially the real estate sector and major infrastructure construction led by the government," he said.
Mr. Yang added that the insurer's return on investment in the first half of the year was hurt by the sluggish stock markets and less than robust insurance premium income.
The chairman said that investment in real estate could provide as much as a 6% investment return while investment in the stock market was producing less than 1% and the bond market about 2%.
The company on Tuesday reported a 26% drop in first-half net profit, citing lower premium income and higher asset impairments arising from sluggish domestic capital markets.
Vice President Liu Jiade told the briefing that China Life had made sufficient provisions for impairment losses.
Mr. Liu also said that China's A-share market provides opportunities for investment as the average price-to-equity ratio had fallen to less than 14 times. He added that the economic slowdown will pressure A-share prices in the second half of the year.
Chairman Yang said the insurer will face increasing competition from banks' wealth management products as well as banks' bigger presence in the industry as they acquire insurers.
Meanwhile, he said the insurer has yet to make a decision on a possible increase in its stake in China Guangfa Bank. China Life has a 20% stake in China Guangfa, according to the bank's website.
According to a report in Hong Kong's South China Morning Post on Wednesday, China Life has entered into talks with some investment agencies of Guangdong province, which plan to sell some of their holdings in China Guangfa Bank. The report cited people familiar with the situation.
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Best Insurance stocks strong buy september 2012
Best Insurance stocks strong buy for september 2012 : This week, 6 Insurance stocks are improving their overall rating on Portfolio Grader. Each of these rates an “A” (“strong buy”) or “B” overall (“buy”).
ACE (NYSE:ACE) is showing significant improvement as the company’s rating hops from a C (“hold”) to a B (“buy”). ACE provides a range of insurance and reinsurance products worldwide. In Portfolio Grader’s specific subcategory of Earnings Momentum, ACE also gets an A. The stock’s trailing PE Ratio is 12.5
Arch Capital Group (NASDAQ:ACGL) is showing good progress as the company’s rating jumps from a B (“buy”) last week to an A (“strong buy”). Arch Capital Group writes insurance and reinsurance on a worldwide basis. The stock’s trailing PE Ratio is 8.2
The rating of Selective Insurance Group (NASDAQ:SIGI) moves up this week, rising from a C to a B. Selective Insurance Group offers property and casualty insurance products and services the eastern and midwestern regions of the United States. The stock price is up 4.9% over the past month.
Primerica (NYSE:PRI) shows solid improvement this week. The company’s rating rises from a B to an A. Primerica distributes financial products to middle income households in North America. Shares of PRI have increased 6.6% over the past month, better than the 2.2% increase the S&P 500 has seen over the same period of time.
Safety Insurance Group (NASDAQ:SAFT) earns an A this week, jumping up from last week’s grade of B. Safety Insurance Group is a provider of private passenger automobile insurance in Massachusetts. Investors have pushed the stock price up 9.2% over the past month. The stock’s dividend yield is 11.6%.
Independence Holding Co. (NYSE:IHC) gets a higher grade this week, advancing from a C last week to a B. Independence Holding sells life and health insurance through its wholly-owned subsidiaries, Standard Security Life Insurance Company of New York, and Madison National Life Insurance. IHC has a trailing PE Ratio of 12.5
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ACE (NYSE:ACE) is showing significant improvement as the company’s rating hops from a C (“hold”) to a B (“buy”). ACE provides a range of insurance and reinsurance products worldwide. In Portfolio Grader’s specific subcategory of Earnings Momentum, ACE also gets an A. The stock’s trailing PE Ratio is 12.5
Arch Capital Group (NASDAQ:ACGL) is showing good progress as the company’s rating jumps from a B (“buy”) last week to an A (“strong buy”). Arch Capital Group writes insurance and reinsurance on a worldwide basis. The stock’s trailing PE Ratio is 8.2
The rating of Selective Insurance Group (NASDAQ:SIGI) moves up this week, rising from a C to a B. Selective Insurance Group offers property and casualty insurance products and services the eastern and midwestern regions of the United States. The stock price is up 4.9% over the past month.
Primerica (NYSE:PRI) shows solid improvement this week. The company’s rating rises from a B to an A. Primerica distributes financial products to middle income households in North America. Shares of PRI have increased 6.6% over the past month, better than the 2.2% increase the S&P 500 has seen over the same period of time.
Safety Insurance Group (NASDAQ:SAFT) earns an A this week, jumping up from last week’s grade of B. Safety Insurance Group is a provider of private passenger automobile insurance in Massachusetts. Investors have pushed the stock price up 9.2% over the past month. The stock’s dividend yield is 11.6%.
Independence Holding Co. (NYSE:IHC) gets a higher grade this week, advancing from a C last week to a B. Independence Holding sells life and health insurance through its wholly-owned subsidiaries, Standard Security Life Insurance Company of New York, and Madison National Life Insurance. IHC has a trailing PE Ratio of 12.5
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impact hurricane Isaac on insurance stock
impact hurricane Isaac on insurance stock, insurance shares prices 8/29/2012 : The insurance industry was particularly well positioned to withstand even a serious hurricane this year, says Catherine Seifert of S&P Capital IQ. Insurance companies have been able to maintain strong pricing for policies, well ahead of the claims they've paid out so far in 2012, she says. Publicly traded insurers that write policies in the affected region include Allstate, Travelers, Chubb, the Hartford and AIG, she adds
If the damage from Hurricane Isaac is in line with expectations, that might lead to an even stronger market for insurance and future premiums, prompting many investors to buy the stocks. Meanwhile, the top insurers in the region have adequate capital reserves to handle the losses, Seifert says. "It's counter-intuitive," Seifer says. "If there are heavy storm losses, many insurance companies will be paying out claims, but investors will bid up shares on the belief that (that) will lead to firmer rates."
Investor sentiment was mixed on the insurance industry Wednesday. Shares of major insurers were higher, lower to flat, including Allstate, which rose 13 cents to $37.41, Travelers fell 6 cents to $64.78, Chubb fell 11 cents to $73.50, the Hartford rose 1 cent to $17.81, and AIG fell 21 cents to $34.06.
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If the damage from Hurricane Isaac is in line with expectations, that might lead to an even stronger market for insurance and future premiums, prompting many investors to buy the stocks. Meanwhile, the top insurers in the region have adequate capital reserves to handle the losses, Seifert says. "It's counter-intuitive," Seifer says. "If there are heavy storm losses, many insurance companies will be paying out claims, but investors will bid up shares on the belief that (that) will lead to firmer rates."
Investor sentiment was mixed on the insurance industry Wednesday. Shares of major insurers were higher, lower to flat, including Allstate, which rose 13 cents to $37.41, Travelers fell 6 cents to $64.78, Chubb fell 11 cents to $73.50, the Hartford rose 1 cent to $17.81, and AIG fell 21 cents to $34.06.
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best car insurance incentives and freebies
best car insurance incentives and freebies : If you're in the market for a new car insurance policy take a look at the freebies on offer right now that can sweeten the deal.
Searching for car insurance can be a drag. Thankfully the internet has made it much easier to find cheaper deals at the click of a button or two. Now we have more time to scrutinise quotes and pinpoint which one will give us the most for our money.
This is especially important when it comes to the extras and freebies. Behind the obvious gimmicks that try and lure us in are some useful promotions that could help determine which quote we go for.
Let's take a look at the best of the bunch from a few different insurers.
Cinema discount for a year
If you take a car insurance policy out with Direct Line before the end of August you will receive two-for-one cinema passes for a whole year. This offer is only available to new customers and can be used every day (up to a maximum of ten per day), on any movie, at any time in over 200 cinemas nationwide.
Ok, so it sounds like a big gimmick and it is! But the savings are what count and if you have a best buy quote from Direct Line it is worth considering as a factor in making a decision.
Savings will depend on how often you want to watch a film but if an average ticket costs £7.20 and you went to the cinema twice a month with a friend for a year, you each would spend £172.80. With the Direct Line offer you would only spend £86.40 each.
The downside is you can't pre-book tickets, so catching a new release as soon as it comes out might prove difficult. Plus a surcharge will be necessary for 3D films, Premier Gallery and Director's Hall screenings. Even so, frequent movie-goers will see the benefit as well as those that only go once in a while.
Free insurance
Aviva is offering 15 weeks' worth of free car insurance if you take out a policy online. That's nearly four months off the price of your policy! Alternatively you can get 10 weeks' free car insurance if you prefer to buy over the phone. A minimum premium applies and you must have four years' no claims discount and be a new customer to be eligible.
Through Aviva I got a quote of £961.00 (for a 24-year old driving a Vauxhall Corsa). But because of over four years' of no claims discount I got the 15-week offer, which provided a discount of £184, bringing the policy price down to £777.
However, this still didn't beat my best quote so I won't be taking up the deal.
Churchill is also offering a great deal of eight weeks' worth of free car insurance if you take out a policy. The offer applies until September 30th 2012.
Free fuel
Swift Cover is giving one person the chance to win a years' worth of fuel up to the value of £3,000. That's over 2,200 litres of unleaded at today's average prices. Three runners up will each receive £200 worth of fuel vouchers. All you have to do to be in with a chance of winning the prize is to save a quote on the website, take out a policy or renew an existing policy. This competition ends on October 30th.
But if you don't fancy your chances, Tesco is offering £50 to spend on fuel at its pumps for new customers who take out a policy. This could get you 37 litres of petrol based on figures from the AA Fuel Price Report. But you will need to have a Clubcard to apply.
Free breakdown cover
The Post Office is offering one year's free breakdown cover worth £49 to new customers that take out a policy before the end of September. The breakdown cover is from the RAC and includes roadside assistance and recovery. In order to recieve this freebie you need to purchase the policy directly from the Post Office.
The AA, RAC and Sainsbury's Bank also offer free breakdown cover for up to one year to new customers taking out a policy.
If you're able to get a best buy quote from any of these insurers, having the added bonus of breakdown cover will save you money. A bare bones breakdown policy usually costs between £20 and £30.
Cashback
If you have ever used a cashback credit card or cashback website, you will know how satisfying it can be to earn money back when you spend. Now some insurers are using this to try and entice new customers.
With Swinton you could get £40 cashback if you take out a car insurance policy before the end of December. It will take 90 days after the policy's start date to receive the money or you can use the offer to reduce the price of your policy instead.
Halifax is offering £50 cashback when you take out a policy through its website. You get the money after 60 days of holding the policy.
Bear in mind that cashback on a car insurance policy can be a false economy. If the policy you take out in order to get the £50 cashback is £100 more expensive than another quote, this is not saving or making you money.
I found that when I tried to get a quote with each of these companies, they were both £400 more expensive than my best quote - so clearly neither are policies I could benefit from. The key is to shop around and do the sums.
Is a freebie worth it?
If you're a film fan, want to save money on fuel or enjoy earning cashback then there is deal sweetener out there for you.
But no matter how good the offer may sound it is important to purchase the best level of protection for your needs at the best price.
This involves shopping around and generating quotes through comparison centres as well as individual websites. Only after you have pinpointed the best set of deals can you start to be selective about the extras.
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Searching for car insurance can be a drag. Thankfully the internet has made it much easier to find cheaper deals at the click of a button or two. Now we have more time to scrutinise quotes and pinpoint which one will give us the most for our money.
This is especially important when it comes to the extras and freebies. Behind the obvious gimmicks that try and lure us in are some useful promotions that could help determine which quote we go for.
Let's take a look at the best of the bunch from a few different insurers.
Cinema discount for a year
If you take a car insurance policy out with Direct Line before the end of August you will receive two-for-one cinema passes for a whole year. This offer is only available to new customers and can be used every day (up to a maximum of ten per day), on any movie, at any time in over 200 cinemas nationwide.
Ok, so it sounds like a big gimmick and it is! But the savings are what count and if you have a best buy quote from Direct Line it is worth considering as a factor in making a decision.
Savings will depend on how often you want to watch a film but if an average ticket costs £7.20 and you went to the cinema twice a month with a friend for a year, you each would spend £172.80. With the Direct Line offer you would only spend £86.40 each.
The downside is you can't pre-book tickets, so catching a new release as soon as it comes out might prove difficult. Plus a surcharge will be necessary for 3D films, Premier Gallery and Director's Hall screenings. Even so, frequent movie-goers will see the benefit as well as those that only go once in a while.
Free insurance
Aviva is offering 15 weeks' worth of free car insurance if you take out a policy online. That's nearly four months off the price of your policy! Alternatively you can get 10 weeks' free car insurance if you prefer to buy over the phone. A minimum premium applies and you must have four years' no claims discount and be a new customer to be eligible.
Through Aviva I got a quote of £961.00 (for a 24-year old driving a Vauxhall Corsa). But because of over four years' of no claims discount I got the 15-week offer, which provided a discount of £184, bringing the policy price down to £777.
However, this still didn't beat my best quote so I won't be taking up the deal.
Churchill is also offering a great deal of eight weeks' worth of free car insurance if you take out a policy. The offer applies until September 30th 2012.
Free fuel
Swift Cover is giving one person the chance to win a years' worth of fuel up to the value of £3,000. That's over 2,200 litres of unleaded at today's average prices. Three runners up will each receive £200 worth of fuel vouchers. All you have to do to be in with a chance of winning the prize is to save a quote on the website, take out a policy or renew an existing policy. This competition ends on October 30th.
But if you don't fancy your chances, Tesco is offering £50 to spend on fuel at its pumps for new customers who take out a policy. This could get you 37 litres of petrol based on figures from the AA Fuel Price Report. But you will need to have a Clubcard to apply.
Free breakdown cover
The Post Office is offering one year's free breakdown cover worth £49 to new customers that take out a policy before the end of September. The breakdown cover is from the RAC and includes roadside assistance and recovery. In order to recieve this freebie you need to purchase the policy directly from the Post Office.
The AA, RAC and Sainsbury's Bank also offer free breakdown cover for up to one year to new customers taking out a policy.
If you're able to get a best buy quote from any of these insurers, having the added bonus of breakdown cover will save you money. A bare bones breakdown policy usually costs between £20 and £30.
Cashback
If you have ever used a cashback credit card or cashback website, you will know how satisfying it can be to earn money back when you spend. Now some insurers are using this to try and entice new customers.
With Swinton you could get £40 cashback if you take out a car insurance policy before the end of December. It will take 90 days after the policy's start date to receive the money or you can use the offer to reduce the price of your policy instead.
Halifax is offering £50 cashback when you take out a policy through its website. You get the money after 60 days of holding the policy.
Bear in mind that cashback on a car insurance policy can be a false economy. If the policy you take out in order to get the £50 cashback is £100 more expensive than another quote, this is not saving or making you money.
I found that when I tried to get a quote with each of these companies, they were both £400 more expensive than my best quote - so clearly neither are policies I could benefit from. The key is to shop around and do the sums.
Is a freebie worth it?
If you're a film fan, want to save money on fuel or enjoy earning cashback then there is deal sweetener out there for you.
But no matter how good the offer may sound it is important to purchase the best level of protection for your needs at the best price.
This involves shopping around and generating quotes through comparison centres as well as individual websites. Only after you have pinpointed the best set of deals can you start to be selective about the extras.
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Impact Angela Braly step down as CEO on WellPoint shares prices
Impact Angela Braly step down as CEO on WellPoint shares prices, why Angela Braly step down as CEO : The sudden departure of WellPoint Inc. Chief Executive Angela Braly late Tuesday gave a lift to the health insurer’s stock in trading early Wednesday, with shares up more than 7% on the news.
WellPoint WLP +7.93% was up $4.31 to $61.70 in recent trades after Braly succumbed to investor demands that she step down as CEO, chairman and president after five years at the top of the managed-care giant, one of largest in the nation. John Cannon, the company’s executive vice president and general counsel will serve as interim CEO.
Braly had been under fire in recent months for not anticipating the higher costs that are plaguing much of the others in the industry, leading to a negative surprise in the company’s most recent earnings report.
But the news comes as the company is trying to complete its $4.9 billion acquisition of Medicaid specialist Amerigroup Corp. AGP +0.04%
Analysts say investors have been pleased with the company’s attempt to mix its revenue sources, particularly with the acquisition of Amerigroup. The biggest for-profit purveyor of Blue Cross and Blue Shield health plans, WellPoint was heavily reliant on commercial business for income.
“Nonetheless, the tenure of CEO Angela Braly — marked by [earnings before taxes and interest] reduction, pricing mishaps and [earnings-per-share] misses — kept us on the sidelines,” Bernstein Research analyst Ana Gupte said in a note to clients. “We expect that a new CEO and management team with an increasingly accountable board should mark the start of the turnaround.”
Said S&P’s Phillip Seligman: “We believe an overhang dissipated from [WellPoint] shares with Angela Braly’s resignation as chairman, president and CEO. Her departure was urged by several large investors disappointed with [WellPoint’s] performance, reflecting difficulties in forecasting medical costs and setting premium prices, and its member losses, we think
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WellPoint WLP +7.93% was up $4.31 to $61.70 in recent trades after Braly succumbed to investor demands that she step down as CEO, chairman and president after five years at the top of the managed-care giant, one of largest in the nation. John Cannon, the company’s executive vice president and general counsel will serve as interim CEO.
Braly had been under fire in recent months for not anticipating the higher costs that are plaguing much of the others in the industry, leading to a negative surprise in the company’s most recent earnings report.
But the news comes as the company is trying to complete its $4.9 billion acquisition of Medicaid specialist Amerigroup Corp. AGP +0.04%
Analysts say investors have been pleased with the company’s attempt to mix its revenue sources, particularly with the acquisition of Amerigroup. The biggest for-profit purveyor of Blue Cross and Blue Shield health plans, WellPoint was heavily reliant on commercial business for income.
“Nonetheless, the tenure of CEO Angela Braly — marked by [earnings before taxes and interest] reduction, pricing mishaps and [earnings-per-share] misses — kept us on the sidelines,” Bernstein Research analyst Ana Gupte said in a note to clients. “We expect that a new CEO and management team with an increasingly accountable board should mark the start of the turnaround.”
Said S&P’s Phillip Seligman: “We believe an overhang dissipated from [WellPoint] shares with Angela Braly’s resignation as chairman, president and CEO. Her departure was urged by several large investors disappointed with [WellPoint’s] performance, reflecting difficulties in forecasting medical costs and setting premium prices, and its member losses, we think
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Saturday, August 25, 2012
How to get best Travel Insurance
How to get best Travel Insurance : With a lot of Insurance Companies offer Travel insurance in USA, Europe, Asia, Africa, and around the world, you would be confused to decide which travel insurance is good travel insurance. I will not give you travel insurance review but I will show you criteria-criteria to recognize a good travel insurance.
1. Clear and Detail Travel Insurance Policy
Each travel insurance has their own travel insurance policy, so when you purchase travel insurance, you have to make sure you understand the policy well. In case you are not, you need to ask the Travel Insurance broker about the detailed point-to-point policy so you don’t have any difficulties regarding claiming issue.
2. Easy to claim
Change your mindset, do not look for cheap travel insurance or low cost travel insurance online, because budget travel insurance means budget feature. It would be better to ask your families or friends who ever purchase travel insurance that really pays.
3. Insurance Premium is on your budget
If your finances are barely adequate, you can buy travel insurance right on your budget. More importantly, you must ensure that cheap or budget travel insurance company you buy online or offline really pay.
what is best travel insurance company ?
good travel insurance, asia family holiday pictures, best life insurance leads ,best pictures in insurance ,life insurance lead pricings ,the best insurance imo ,who has the best life insurance leads For the latest updates PRESS CTR + D or visit Stock Market news Today
1. Clear and Detail Travel Insurance Policy
Each travel insurance has their own travel insurance policy, so when you purchase travel insurance, you have to make sure you understand the policy well. In case you are not, you need to ask the Travel Insurance broker about the detailed point-to-point policy so you don’t have any difficulties regarding claiming issue.
2. Easy to claim
Change your mindset, do not look for cheap travel insurance or low cost travel insurance online, because budget travel insurance means budget feature. It would be better to ask your families or friends who ever purchase travel insurance that really pays.
3. Insurance Premium is on your budget
If your finances are barely adequate, you can buy travel insurance right on your budget. More importantly, you must ensure that cheap or budget travel insurance company you buy online or offline really pay.
what is best travel insurance company ?
good travel insurance, asia family holiday pictures, best life insurance leads ,best pictures in insurance ,life insurance lead pricings ,the best insurance imo ,who has the best life insurance leads For the latest updates PRESS CTR + D or visit Stock Market news Today
how to fight a travel insurance claim
how to fight a travel insurance claim, fight denied travel claims : If the insurance company disapproves your claims, the first thing to do is to stay calm. That would most likely be difficult, since most of us will actually bombard the insurance company with plenty of protests. Such protest actions will end up in vain because the insurance company has a legal representative to defend itself. The best effort is to search for a win-win solution for both partie
Once you have calmed down, you can ask the clear explanation why your claim was disapproved. When the reasons have been told, but you still insist that your claim is valid, you can apply a recourse for the disapproved claims. Provide all the required documents (such as your doctor’s recommendation) to support your claims’ validity, that the insurance company have to pay for the claim. Also highlight the benefits you should be receiving from the insurance policy which you bought. Pay attention to the designated time because some policies include time limits on which you can recourse your claims.
Every time you’re having a discussion with insurance officers, make written notes of date and time, the corresponding officer’s name, and the points of your discussion. If your claims are still disapproved, you can take a recourse to the higher ups with higher authorities in that company.
You can also attempt arbitrations, by filing in your complaints to the State Insurance Commission (SIC). The last action is through legal suits, but bewares. This is the path you should reserve until every other actions have failed to persuade the company in approving your claims.
Five Reasons Why Travel Insurance Claims Are Usually Declined
Below are some of the five reasons why some travel insurance claims are usually rejected.
Claimant not disclosing a pre existing medical condition
For any travel insurance claim that is based on medical reasons to be honored, the insurer must be fully aware of any pre existing medical condition you might have. Any medical assistance for an injury or an illness that you had not disclosed to your insurer will not be honored and you will cover the costs yourself. It is usually advisable to always make sure that you disclose any pre-existing condition when you apply for insurance and you will always be covered in case of any eventuality.
Buying inadequate insuarance cover
Many holiday makers just look at the price of the policy they seek to purchase and not what is usually included in the policy. In such a situation, most of them usually realize too late that the insurance policy they have bought does not cover other claims such as travel cancellation or loss of luggage.
Inadequate evidence for the claim to be honored
In the event a claimant wants to make a claim for goods that they have lost or stolen, they need to produce a police report or the insurance will not be obliged to pay you out. This situation is usually tricky especially when you are on holiday abroad and your luggage or goods are lost or stolen as you will need to provide sufficient prove that you owned the items in the first place.
Incident occurs when you are intoxicated
Your insurance claim will never be honored if you have an accident during your holiday while you are under the influence of drugs or alcohol. One is usually expected to be compos mentis and be seen to be capable of looking after one self. This is a very important point that you should remember especially if you are planning a boozy break in the sun!
Getting involved in a fight
Insurers are usually unwilling to pay any claim you make if the incident resulting to the claim happened while you were involved in a fight. It is usually considered that most people end up in a fight when they are under the influence of drugs and alcohol. However, the insurer might honor your claim if you prove beyond reasonable doubt that you were never under the influence of drugs or alcohol and that the main reason why you were involved in the fight was purely because of self defense.
Tips for Claiming on your Travel Insurance
1. Ensure you declare everything when buying the policy
Withholding information whether it be by accident or not, can invalidate your holiday insurance policy. If you are a family of four and one of your two children has suffered from certain medical issues in the last year and the policy asks this question, tell the truth for example. Try and be as honest as you possibly can when purchasing the policy.
2. Ensure you have the right cover
If you plan to ski whilst on holiday for example, you really should ensure that your policy includes dangerous sports. Are the activities you will be involved with, be covered on the standard policy or do you need to buy any add-ons. Many activities such as skiing, snowboarding, rock climbing and sometimes cycling, can be considered dangerous sports on holiday insurance policies. Missing out on buying the right add-on could turn out to be an incredibly costly mistake if you were ins skiing accident in USA or Canada.
3. Get the right documentation whilst abroad when a problem happens
It is essential that you get the right documents where possible. to prove to your insurance company on your return home, the facts of the claim. If you were pickpocketed or mugged, try and ensure you get a police report and if possiblea case number. Try and gather as much proof as possible and where needed, time dated photographs and video can also help to proof your case when making the claim.
4. Make sure your policy is up-to-date
You might have laughed at the above title for this point, but you might be surprised. It can be quite easy to take out an annual multi trip travel insurance policy and to get mixed up one year later with remembering when to renew it. Set a reminder in Outlook if you use Outlook email for example. Before travellig, double check all dates and DO ensure the policy covers you past the date of the end of your trip.
5. Keep receipts and proof of purchase where needed.
If you have to book extra transportation, accommodation, or buy food and drink because of a problem that occurs and which might be reason for an insurance claim, try and get receipts for everything if you possibly can
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Once you have calmed down, you can ask the clear explanation why your claim was disapproved. When the reasons have been told, but you still insist that your claim is valid, you can apply a recourse for the disapproved claims. Provide all the required documents (such as your doctor’s recommendation) to support your claims’ validity, that the insurance company have to pay for the claim. Also highlight the benefits you should be receiving from the insurance policy which you bought. Pay attention to the designated time because some policies include time limits on which you can recourse your claims.
Every time you’re having a discussion with insurance officers, make written notes of date and time, the corresponding officer’s name, and the points of your discussion. If your claims are still disapproved, you can take a recourse to the higher ups with higher authorities in that company.
You can also attempt arbitrations, by filing in your complaints to the State Insurance Commission (SIC). The last action is through legal suits, but bewares. This is the path you should reserve until every other actions have failed to persuade the company in approving your claims.
Five Reasons Why Travel Insurance Claims Are Usually Declined
Below are some of the five reasons why some travel insurance claims are usually rejected.
Claimant not disclosing a pre existing medical condition
For any travel insurance claim that is based on medical reasons to be honored, the insurer must be fully aware of any pre existing medical condition you might have. Any medical assistance for an injury or an illness that you had not disclosed to your insurer will not be honored and you will cover the costs yourself. It is usually advisable to always make sure that you disclose any pre-existing condition when you apply for insurance and you will always be covered in case of any eventuality.
Buying inadequate insuarance cover
Many holiday makers just look at the price of the policy they seek to purchase and not what is usually included in the policy. In such a situation, most of them usually realize too late that the insurance policy they have bought does not cover other claims such as travel cancellation or loss of luggage.
Inadequate evidence for the claim to be honored
In the event a claimant wants to make a claim for goods that they have lost or stolen, they need to produce a police report or the insurance will not be obliged to pay you out. This situation is usually tricky especially when you are on holiday abroad and your luggage or goods are lost or stolen as you will need to provide sufficient prove that you owned the items in the first place.
Incident occurs when you are intoxicated
Your insurance claim will never be honored if you have an accident during your holiday while you are under the influence of drugs or alcohol. One is usually expected to be compos mentis and be seen to be capable of looking after one self. This is a very important point that you should remember especially if you are planning a boozy break in the sun!
Getting involved in a fight
Insurers are usually unwilling to pay any claim you make if the incident resulting to the claim happened while you were involved in a fight. It is usually considered that most people end up in a fight when they are under the influence of drugs and alcohol. However, the insurer might honor your claim if you prove beyond reasonable doubt that you were never under the influence of drugs or alcohol and that the main reason why you were involved in the fight was purely because of self defense.
Tips for Claiming on your Travel Insurance
1. Ensure you declare everything when buying the policy
Withholding information whether it be by accident or not, can invalidate your holiday insurance policy. If you are a family of four and one of your two children has suffered from certain medical issues in the last year and the policy asks this question, tell the truth for example. Try and be as honest as you possibly can when purchasing the policy.
2. Ensure you have the right cover
If you plan to ski whilst on holiday for example, you really should ensure that your policy includes dangerous sports. Are the activities you will be involved with, be covered on the standard policy or do you need to buy any add-ons. Many activities such as skiing, snowboarding, rock climbing and sometimes cycling, can be considered dangerous sports on holiday insurance policies. Missing out on buying the right add-on could turn out to be an incredibly costly mistake if you were ins skiing accident in USA or Canada.
3. Get the right documentation whilst abroad when a problem happens
It is essential that you get the right documents where possible. to prove to your insurance company on your return home, the facts of the claim. If you were pickpocketed or mugged, try and ensure you get a police report and if possiblea case number. Try and gather as much proof as possible and where needed, time dated photographs and video can also help to proof your case when making the claim.
4. Make sure your policy is up-to-date
You might have laughed at the above title for this point, but you might be surprised. It can be quite easy to take out an annual multi trip travel insurance policy and to get mixed up one year later with remembering when to renew it. Set a reminder in Outlook if you use Outlook email for example. Before travellig, double check all dates and DO ensure the policy covers you past the date of the end of your trip.
5. Keep receipts and proof of purchase where needed.
If you have to book extra transportation, accommodation, or buy food and drink because of a problem that occurs and which might be reason for an insurance claim, try and get receipts for everything if you possibly can
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Why travel insurance claims denied
Factors Why travel insurance claims denied : When an insurance company disapproves your claims, the company must have a legal reasoning. Here are some possible reasons which the insurance company may state:
- You are ill from the previous illnesses (like asthma, or previous heart failures) but you never inform your insurance company
- The claims are not covered within the insurance policy that you purchased
- You did not provide sufficient information to apply a claim
- Many other factors
If the insurance company disapproves your claims, the first thing to do is to stay calm. That would most likely be difficult, since most of us will actually bombard the insurance company with plenty of protests. Such protest actions will end up in vain because the insurance company has a legal representative to defend itself. The best effort is to search for a win-win solution for both parties.
Once you have calmed down, you can ask the clear explanation why your claim was disapproved. When the reasons have been told, but you still insist that your claim is valid, you can apply a recourse for the disapproved claims. Provide all the required documents (such as your doctor’s recommendation) to support your claims’ validity, that the insurance company have to pay for the claim. Also highlight the benefits you should be receiving from the insurance policy which you bought. Pay attention to the designated time because some policies include time limits on which you can recourse your claims.
Every time you’re having a discussion with insurance officers, make written notes of date and time, the corresponding officer’s name, and the points of your discussion. If your claims are still disapproved, you can take a recourse to the higher ups with higher authorities in that company.
You can also attempt arbitrations, by filing in your complaints to the State Insurance Commission (SIC). The last action is through legal suits, but bewares. This is the path you should reserve until every other actions have failed to persuade the company in approving your claims.
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
travel insurance claim denied, travel insurance claims denied, travel insurance claim denied what to do, when travel insurance is declined, what to do if your travel insurance is denied, insurance claim ,photos of insurance claims ,claims image ,insurance claims , claim for insurance ,top reasons travel insurance claims denied ,how to fight a travel insurance claim ,fight denied travel claims ,criteria to deny travel insurance ,can a heart patient be denied travel, insurance,automatic disapproval of claims by corporations For the latest updates PRESS CTR + D or visit Stock Market news Today
- You are ill from the previous illnesses (like asthma, or previous heart failures) but you never inform your insurance company
- The claims are not covered within the insurance policy that you purchased
- You did not provide sufficient information to apply a claim
- Many other factors
If the insurance company disapproves your claims, the first thing to do is to stay calm. That would most likely be difficult, since most of us will actually bombard the insurance company with plenty of protests. Such protest actions will end up in vain because the insurance company has a legal representative to defend itself. The best effort is to search for a win-win solution for both parties.
Once you have calmed down, you can ask the clear explanation why your claim was disapproved. When the reasons have been told, but you still insist that your claim is valid, you can apply a recourse for the disapproved claims. Provide all the required documents (such as your doctor’s recommendation) to support your claims’ validity, that the insurance company have to pay for the claim. Also highlight the benefits you should be receiving from the insurance policy which you bought. Pay attention to the designated time because some policies include time limits on which you can recourse your claims.
Every time you’re having a discussion with insurance officers, make written notes of date and time, the corresponding officer’s name, and the points of your discussion. If your claims are still disapproved, you can take a recourse to the higher ups with higher authorities in that company.
You can also attempt arbitrations, by filing in your complaints to the State Insurance Commission (SIC). The last action is through legal suits, but bewares. This is the path you should reserve until every other actions have failed to persuade the company in approving your claims.
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
travel insurance claim denied, travel insurance claims denied, travel insurance claim denied what to do, when travel insurance is declined, what to do if your travel insurance is denied, insurance claim ,photos of insurance claims ,claims image ,insurance claims , claim for insurance ,top reasons travel insurance claims denied ,how to fight a travel insurance claim ,fight denied travel claims ,criteria to deny travel insurance ,can a heart patient be denied travel, insurance,automatic disapproval of claims by corporations For the latest updates PRESS CTR + D or visit Stock Market news Today
Thursday, August 2, 2012
AIG insurance Earnings report 8/2/2012
AIG insurance Earnings report 8/2/2012, AIG insurance Net profit rose report 8/2/2012 : American International Group Inc reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company's varied insurance businesses.
The company also reported more than $11 billion (7 billion pounds) in liquidity at the parent company level, a cash pile most people expect it will use to buy down some of the government's remaining stake.
Net profit rose to $2.33 billion, or $1.33 per share, from $1.84 billion or $1 a share a year earlier.
Operating income was $1.06 per share. Analysts polled by Thomson Reuters I/B/E/S on average expected earnings of 57 cents per share.
Net income was boosted by a tax allowance release of some $1.28 billion, the latest in a series of tax benefits the company has been able to recognize as it returned to profitability. It was partially offset by a tax expense of $331 million and an increase to legal reserves of $450 million.
The company, still 61 percent-owned by the U.S. Treasury after its $182 billion bailout, ended the quarter with roughly $11.5 billion in parent company liquidity.
Analysts and investors expect the company will use a large chunk of that cash to buy back some of the Treasury's stake, perhaps as soon as the next few days. In recent quarters the Treasury has launched a share sale the day after results.
Some of that capital came from the sale of assets in Maiden Lane III, the crisis-era bailout vehicle set up by the Federal Reserve Bank of New York. AIG has already received $6.1 billion in proceeds from MLIII asset sales and expects to receive another $1.9 billion this month.
Chartis, the company's global property insurer, reported a rise in operating income to $936 million from $783 million a year earlier, as pricing grew, catastrophe losses fell and it expanded in more valuable business lines.
Domestic life insurer SunAmerica posted operating profits of $933 million versus $723 million a year earlier. The second quarter of 2011 had a number of one-time items and reserve increases that were not present this time. Fixed annuity deposits fell sharply, while the less rate-sensitive variable annuities grew. Net investment income was flat.
AIG also said the fair value of its stake in Asian insurer AIA Group Ltd <1299.HK> fell $493 million during the quarter, impacting results. AIG spun off AIA in late 2010, but still retains a stake of around 19 percent, which it is expected to sell in early September when a lockup expires.
Aircraft leasing business ILFC was up slightly in the quarter, with a profit of $88 million, weighed down by impairment charges for early returns from leases and potential sales. AIG filed for an initial public offering of ILFC last year, but has held back from launching the offer due to uncertain market conditions.
Mortgage insurer United Guaranty nearly quadrupled its operating income to $43 million in the quarter, as new delinquencies fell 17 percent. UGC, once seen as a peripheral asset, has become a core part of AIG's business as competitors stumbled and it gained market share.
(Source Reuters)
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The company also reported more than $11 billion (7 billion pounds) in liquidity at the parent company level, a cash pile most people expect it will use to buy down some of the government's remaining stake.
Net profit rose to $2.33 billion, or $1.33 per share, from $1.84 billion or $1 a share a year earlier.
Operating income was $1.06 per share. Analysts polled by Thomson Reuters I/B/E/S on average expected earnings of 57 cents per share.
Net income was boosted by a tax allowance release of some $1.28 billion, the latest in a series of tax benefits the company has been able to recognize as it returned to profitability. It was partially offset by a tax expense of $331 million and an increase to legal reserves of $450 million.
The company, still 61 percent-owned by the U.S. Treasury after its $182 billion bailout, ended the quarter with roughly $11.5 billion in parent company liquidity.
Analysts and investors expect the company will use a large chunk of that cash to buy back some of the Treasury's stake, perhaps as soon as the next few days. In recent quarters the Treasury has launched a share sale the day after results.
Some of that capital came from the sale of assets in Maiden Lane III, the crisis-era bailout vehicle set up by the Federal Reserve Bank of New York. AIG has already received $6.1 billion in proceeds from MLIII asset sales and expects to receive another $1.9 billion this month.
Chartis, the company's global property insurer, reported a rise in operating income to $936 million from $783 million a year earlier, as pricing grew, catastrophe losses fell and it expanded in more valuable business lines.
Domestic life insurer SunAmerica posted operating profits of $933 million versus $723 million a year earlier. The second quarter of 2011 had a number of one-time items and reserve increases that were not present this time. Fixed annuity deposits fell sharply, while the less rate-sensitive variable annuities grew. Net investment income was flat.
AIG also said the fair value of its stake in Asian insurer AIA Group Ltd <1299.HK> fell $493 million during the quarter, impacting results. AIG spun off AIA in late 2010, but still retains a stake of around 19 percent, which it is expected to sell in early September when a lockup expires.
Aircraft leasing business ILFC was up slightly in the quarter, with a profit of $88 million, weighed down by impairment charges for early returns from leases and potential sales. AIG filed for an initial public offering of ILFC last year, but has held back from launching the offer due to uncertain market conditions.
Mortgage insurer United Guaranty nearly quadrupled its operating income to $43 million in the quarter, as new delinquencies fell 17 percent. UGC, once seen as a peripheral asset, has become a core part of AIG's business as competitors stumbled and it gained market share.
(Source Reuters)
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axa insurance ranking on fortune 500 magazine july 2012
axa insurance ranking on fortune 500 magazine july 2012 : Europe’s second-largest insurer is betting on Asia to drive growth. At the height of the financial crisis, CEO Henri de Castries was forced to drop the firm’s 2012 earnings goasl. And in 2011, the financial climate proved tough amid Europe’s ongoing debt crisis. The firm posted an 82% drop to $423 million second half of the year, hurt by write-downs on Greek sovereign debt and lower sales in life insurance.De Castries in June set a 2015 target to reach annual operating profits of more than 6 billion euros compared with 3.88 billion euros in 2010. Meanwhile, it has scaled back in Canada and the U.K., as the firm aims for 10% annual growth in operating earnings per share through 2015
Top Companies rank
Rank: 25 (Previous rank: 14)
CEO: Henri de Castries
Employees: 96,999
Address: 25 Ave. Matignon
Paris, 75008
Country: France
Website: www.axa.com
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Wednesday, July 25, 2012
Why Average Cost of car insurance hits
Average Cost of car insurance hits : The average cost of car insurance has reached £1,000 for the first time. An epidemic of bogus whiplash and ‘cash for crash’ claims has helped push the typical premium to £1,034.
Drivers are paying 8.5 per cent more than a year ago and twice what they paid in July 2008, according to the AA. Four years ago, the average fully comprehensive policy cost £509.
Ian Crowder, a spokesman for the AA, said: ‘Premiums have more than doubled in just four years which is truly astonishing.
‘A lot of this is down to the soaring number of often highly dubious whiplash cases and the growing number of cash for crash claims.’
The report says young male drivers are taking the brunt of the rises. Premiums for men aged 17 to 22 now average £2,792.
MPs on the Commons transport select committee have already warned of a £2billion a year ‘whiplash epidemic’ they say adds up to £90 to every policy. And in May the Office of Fair Trading announced that insurance firms are to be investigated over a racket that inflates premiums.
It said there was a merry-go-round of referral payments, excessively high repair bills and unnecessarily steep replacement car-hire charges. The abuses add an average of £560 to the cost of replacement vehicles and put £155 on repair bills.
Many motorists will pay more than £1,034 because the AA’s figures are based on the average of the cheapest five policies that can be bought direct from an insurer.
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Drivers are paying 8.5 per cent more than a year ago and twice what they paid in July 2008, according to the AA. Four years ago, the average fully comprehensive policy cost £509.
Ian Crowder, a spokesman for the AA, said: ‘Premiums have more than doubled in just four years which is truly astonishing.
‘A lot of this is down to the soaring number of often highly dubious whiplash cases and the growing number of cash for crash claims.’
The report says young male drivers are taking the brunt of the rises. Premiums for men aged 17 to 22 now average £2,792.
MPs on the Commons transport select committee have already warned of a £2billion a year ‘whiplash epidemic’ they say adds up to £90 to every policy. And in May the Office of Fair Trading announced that insurance firms are to be investigated over a racket that inflates premiums.
It said there was a merry-go-round of referral payments, excessively high repair bills and unnecessarily steep replacement car-hire charges. The abuses add an average of £560 to the cost of replacement vehicles and put £155 on repair bills.
Many motorists will pay more than £1,034 because the AA’s figures are based on the average of the cheapest five policies that can be bought direct from an insurer.
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Monday, July 23, 2012
axa insurance profit forecast 2015
axa insurance profit forecast 2015 : Europe’s second-largest insurer is betting on Asia to drive growth. At the height of the financial crisis, CEO Henri de Castries was forced to drop the firm’s 2012 earnings goasl. And in 2011, the financial climate proved tough amid Europe’s ongoing debt crisis. The firm posted an 82% drop to $423 million second half of the year, hurt by write-downs on Greek sovereign debt and lower sales in life insurance.
De Castries in June set a 2015 target to reach annual operating profits of more than 6 billion euros compared with 3.88 billion euros in 2010. Meanwhile, it has scaled back in Canada and the U.K., as the firm aims for 10% annual growth in operating earnings per share through 2015.
The conference focused on the financial goals of the company. AXA is the direction of growth of earnings per share of 10% per year by 2015, 24 billion of cumulative operating cash flow available from 2011 to 2015, 15% ROE in 2015 and current a debt ratio of 25% by 2015.
The financial assumptions is 6% return on equities (including dividends) per year over the period 2011-2015 and an average yield of government bonds to 10 years from 4% in 2015.
In insurance, the Group is in line with the objective of AXA Ambition to lower the combined ratio all exercises below 96% by 2015. In Insurance & Health, the Group’s objective is to allocate 2 billion euros of additional capital by 2015.
For the activity of the General Fund, the Group expects to be able to maintain a level of financial margin of 70 to 80 basis points in a prolonged low interest rates.
“AXA’s balance sheet at the end of September 2011 remains strong. The statutory solvency ratio I is estimated at more than 190% (against 186% at June 30, 2011), near its highest historical levels.” The Group has a significant cash, transfers made in 2011 have generated significant cash inflows “indicates the direction of AXA.
AXA is currently negotiating for the sale of its subsidiary AXA Private Equity. Eurazeo is very interested in buying this business of AXA and defended his offer to the Elysee. U.S. funds Carlyle and KKR, and the Singapore sovereign wealth fund would likely bidders for the subsidiary of “private equity”. The deadline for submission of tenders recovery was set at last night.
“The AXA Group has always had a pragmatic approach in strategic transactions and will take the decision to a potential transaction at the end of this review,” said the insurer.
Established in 1996, AXA Private Equity, managing some 20 billion euros in assets at June 30. AXA Private Equity managed approximately six billion euros on behalf of insurance companies of the AXA Group, or about 1.5% of the general assets of the group total.
Analysts at Bryan, Garnier & Co. have studied this morning on the back of the French insurer AXA, as the strategic plan presented today. If the fair value (‘fair value’) by sum of its parts, is estimated at 15 euros, the board on this title quoting about 9.4 euros in Paris remains “neutral”. The reason: the pressure has increased on recent results and economic solvency, and the volatility of interest rate products such as stocks.
“Unsurprisingly,” said the research note, the CEO Henri de Castries stressed in London on the fact that the situation is “under control thanks to the strong diversification and solid business model of the group.” The plan “Ambition AXA” therefore reaffirms that the insurer intends to increase its earnings per share of 10% on average by 2015. In the meantime, the group will have reached 24 billion euros of free cash flow combined, show a return on equity of 15% and a “gearing” (ratio of net debt / equity) of 25%.
Bryan Garnier noted however that “the current market environment does not meet the assumptions of AXA” because yields are currently served by fixed income products such as stocks.
Certainly, the analysts added, the ratio of Tier 1 financial strength is estimated at the end of September, 190% against 186% at end June But the economic solvency ratio, it is passed over the same period by 184% to 150% about “due to the expansion of ‘spreads’ of credit and interest rate cuts as the stock market” .
Finally, AXA has reaffirmed its dividend policy and target payout of adjusted earnings between 40% and 50%. This target seems within reach, if at the adjusted net income increased from 4.3 billion euros in 2010 to 4.6 billion euros this year, as the consensus expects. Bryan Garnier, however, is skeptical about it.
After 1.88 euro in 2010, analysts expect earnings per share of 1.90 euro AXA this year and 1.95 euro in 2012.
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De Castries in June set a 2015 target to reach annual operating profits of more than 6 billion euros compared with 3.88 billion euros in 2010. Meanwhile, it has scaled back in Canada and the U.K., as the firm aims for 10% annual growth in operating earnings per share through 2015.
The conference focused on the financial goals of the company. AXA is the direction of growth of earnings per share of 10% per year by 2015, 24 billion of cumulative operating cash flow available from 2011 to 2015, 15% ROE in 2015 and current a debt ratio of 25% by 2015.
The financial assumptions is 6% return on equities (including dividends) per year over the period 2011-2015 and an average yield of government bonds to 10 years from 4% in 2015.
In insurance, the Group is in line with the objective of AXA Ambition to lower the combined ratio all exercises below 96% by 2015. In Insurance & Health, the Group’s objective is to allocate 2 billion euros of additional capital by 2015.
For the activity of the General Fund, the Group expects to be able to maintain a level of financial margin of 70 to 80 basis points in a prolonged low interest rates.
“AXA’s balance sheet at the end of September 2011 remains strong. The statutory solvency ratio I is estimated at more than 190% (against 186% at June 30, 2011), near its highest historical levels.” The Group has a significant cash, transfers made in 2011 have generated significant cash inflows “indicates the direction of AXA.
AXA is currently negotiating for the sale of its subsidiary AXA Private Equity. Eurazeo is very interested in buying this business of AXA and defended his offer to the Elysee. U.S. funds Carlyle and KKR, and the Singapore sovereign wealth fund would likely bidders for the subsidiary of “private equity”. The deadline for submission of tenders recovery was set at last night.
“The AXA Group has always had a pragmatic approach in strategic transactions and will take the decision to a potential transaction at the end of this review,” said the insurer.
Established in 1996, AXA Private Equity, managing some 20 billion euros in assets at June 30. AXA Private Equity managed approximately six billion euros on behalf of insurance companies of the AXA Group, or about 1.5% of the general assets of the group total.
Analysts at Bryan, Garnier & Co. have studied this morning on the back of the French insurer AXA, as the strategic plan presented today. If the fair value (‘fair value’) by sum of its parts, is estimated at 15 euros, the board on this title quoting about 9.4 euros in Paris remains “neutral”. The reason: the pressure has increased on recent results and economic solvency, and the volatility of interest rate products such as stocks.
“Unsurprisingly,” said the research note, the CEO Henri de Castries stressed in London on the fact that the situation is “under control thanks to the strong diversification and solid business model of the group.” The plan “Ambition AXA” therefore reaffirms that the insurer intends to increase its earnings per share of 10% on average by 2015. In the meantime, the group will have reached 24 billion euros of free cash flow combined, show a return on equity of 15% and a “gearing” (ratio of net debt / equity) of 25%.
Bryan Garnier noted however that “the current market environment does not meet the assumptions of AXA” because yields are currently served by fixed income products such as stocks.
Certainly, the analysts added, the ratio of Tier 1 financial strength is estimated at the end of September, 190% against 186% at end June But the economic solvency ratio, it is passed over the same period by 184% to 150% about “due to the expansion of ‘spreads’ of credit and interest rate cuts as the stock market” .
Finally, AXA has reaffirmed its dividend policy and target payout of adjusted earnings between 40% and 50%. This target seems within reach, if at the adjusted net income increased from 4.3 billion euros in 2010 to 4.6 billion euros this year, as the consensus expects. Bryan Garnier, however, is skeptical about it.
After 1.88 euro in 2010, analysts expect earnings per share of 1.90 euro AXA this year and 1.95 euro in 2012.
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Friday, April 27, 2012
Loews Q1 earnings estimates report april 30 2012
Loews Q1 earning estimates report april 30 2012, Loews insurance stock prediction 2012, Loews insurance market share 2012 : Loews (L) is expected to report poor first quarter earnings on Monday, April 30, 2012 with analysts expecting a 11.2% drop in earnings from a year ago. The consensus estimate is 79 cents per share, down from earnings of 89 cents per share a year ago.
What to Expect:
The consensus estimate is down from three months ago when it was 80 cents, but is unchanged over the past month. Analysts are projecting earnings of $2.90 per share for the fiscal year. For the year, revenue is projected to come in at $14.3 billion.
Trends to Watch For:
The company has seen steady earnings for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 66.8%. The company benefited from the boost in the third quarter of the last fiscal year when profit swelled more than fourfold, marking the biggest gain.
The company’s reported revenue has declined in the last two quarters. In fourth quarter of the last fiscal year, revenue was $3.48 billion, 6.4% lower than the year-ago figure. In the quarter before that, revenue fell 7.1%.
Analyst Ratings:
Analysts generally think investors should stand pat on Loews, with one of two analysts rating it hold. The average analyst rating of the stock has stayed unchanged from three months prior.
Competitors:
Loews is a commercial property and casualty insurance company. It provides risk management, warranty and claims administration services, as well as professional liability and other coverages. Loews also owns and operates drilling rigs at offshore oil and gas wells on a contract basis. One of Loews’ main competitors in the insurance industry, American Intl Group (AIG), will report earnings on May 3, 2012. Other competitors in the financials sector include: CNA (CNA), Chubb (CB), and Travelers Cos (TRV).
Recent Price Movement:
Over the past quarter, the stock price has risen to $40.24 from $37.89 on January 26, 2012.
Earnings estimates provided by Zacks.
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What to Expect:
The consensus estimate is down from three months ago when it was 80 cents, but is unchanged over the past month. Analysts are projecting earnings of $2.90 per share for the fiscal year. For the year, revenue is projected to come in at $14.3 billion.
Trends to Watch For:
The company has seen steady earnings for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 66.8%. The company benefited from the boost in the third quarter of the last fiscal year when profit swelled more than fourfold, marking the biggest gain.
The company’s reported revenue has declined in the last two quarters. In fourth quarter of the last fiscal year, revenue was $3.48 billion, 6.4% lower than the year-ago figure. In the quarter before that, revenue fell 7.1%.
Analyst Ratings:
Analysts generally think investors should stand pat on Loews, with one of two analysts rating it hold. The average analyst rating of the stock has stayed unchanged from three months prior.
Competitors:
Loews is a commercial property and casualty insurance company. It provides risk management, warranty and claims administration services, as well as professional liability and other coverages. Loews also owns and operates drilling rigs at offshore oil and gas wells on a contract basis. One of Loews’ main competitors in the insurance industry, American Intl Group (AIG), will report earnings on May 3, 2012. Other competitors in the financials sector include: CNA (CNA), Chubb (CB), and Travelers Cos (TRV).
Recent Price Movement:
Over the past quarter, the stock price has risen to $40.24 from $37.89 on January 26, 2012.
Earnings estimates provided by Zacks.
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Saturday, April 21, 2012
Top 10 life insurance companies in philippines 2012
Top 10 life insurance companies in philippines 2012 : Investing in Life insurance is a smart move one can do for himself and for his family. As a matter of fact, when a person dies ,the whole expenditure will be carried by the bereaved family. So it's helpful to have an insurance firm that will cater burial and interment expenditures.In some cases,without an insurance the whole family will have financial turmoil and this may result to arguments that will ,eventually, lead to broken family. This is why in this hard times being frugal and versatile is a great virtue to follow ,and you can start by getting yourself a life insurance.
Here’s a great list of Billion Worth of Philippine's Top Insurance Companies you can choose from.
1. Philam Group of Companies The Philippine American Life and General Insurance Company (Philam Life) is the largest life insurance company in the Philippines and the market leader more than 60 years. It's services cater corporate insurance ,and individual services such as Protection,Education,Savings ,Retirement ,Investment ,Health and Critical Illness and OFWs .It has P11.255 Premium Income in Billion Pesos.
2.Sun life started in Canada in 1865, Sun Life is one of the world’s leading financial services companies. Their headquarters is in Toronto, with their partners today operate in key markets worldwide including Canada, the United States, the United Kingdom, Ireland, China, Hong Kong, the Philippines, Japan, Korea, Indonesia, India and Singapore.It has 10.633B Premium Income.
3.AXA Philippines is a solid partnership between the Metrobank Group, one of the country’s biggest conglomerates, and the AXA Group, one of the world’s largest financial protection and wealth management companies serving more than 95 million customers in 61 countries.It has P 8.360 B Premium Income.
4.Prulife UK is born in London on May 30th, 1848 at first their mission is provide loans and life assurance to professionals.After 4 years ,they are tranformed into an institution that offers Industrial Insurance to the general public and developed their own marketing strategy-door to door outreaching for clients.And now,it has more than 20 million customers worldwide and has US$530 (£267) billion worth of funds under management.
5.Insular life was established on November 25, 1910 at a time when the Philippines was flexing its wings as an independent country. Today, as the Philippines' leading and largest Filipino life insurance company, Insular Life prides itself with its role in securing the lives of Filipinos families for close to a century. Its roster of products — from its ordinary whole life, endowment, limited-payment, college education and insurance plans, to pension and investment plans — not only offers the best cost-benefits ratios among insurance plans in the market.It has 7.129 B Premium Income.
6.BPI-Philam Life Assurance Corp (formerly Ayala Life Assurance Inc) is one of the most remarkable confederation between two stellar financial companies in the Philippines. These are The Philippine American Life and General Insurance Company (Philam Life) and Bank of the Philippine Islands (BPI). Philam Life is the biggest life insurance institution in the Philippines and the market leader for over 60 years. BPI is a leading commercial bank in the country with more than three decades of domestic banking .It has large branch network of over than 800 branches and 1,500 ATMs.It has 5.696 Billion Peso Premium Income.
7.Manulife is one of the most stable life insurance companies in the Philippines .They have been conducting business in the country over a century now. Thus,through the years of assets acquisition this international life insurance institution sent its way to the Philippine Stock Exchange (PSE).It has 3.975 Billion Peso Premium Income.
8.Grepalife is another major player in the life insurance industry in the Philippines. It is under the umbrella corporation of Yuchengco Group of Companies (YGC), one of Southeast Asia’s largest conglomerates. In fact , YGC is operating to more than 90 companies around the world. The companies assets revolve on multifaceted commercial enterprises like banking and finance , insurance, automotive dealership, travel and tourism, development and construction, engineering,and IT.It has 3.492 B Premium Income.
9.United Cocolife or COCOLIFE (United Coconut Planters Life Assurance Corporation), the first ISO Certified life insurance company in the Philippines, is the mother company of the COCOLIFE Group of Companies which provides a comprehensive range of insurance and financial services. It has subsidiaries in non-life business (UCPB General Insurance), pre-need (Cocoplans), mutual funds (United Fund, COCOLIFE Fixed Income Fund), asset management (COCOLIFE Asset Management) and security services (Ultra Security Services, New Ultra, All Nation). It has 2.333 B Premium Income.
10.Generali Pilipinas is the synergy of three big companies in 21st century commerce namely Assicurazioni Generali of Italy, the Kuok Group of Malaysia, and the SM Group of the Philippines.It has P1.420 B Premium Income.
Source : http://whatbrands.blogspot.com
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Top Top 10 Life Insurance Companies in the Philippines, top 10 life insurance companies in the philippines 2012, best brands and companies in the philippines, top insurance company 2012 philippines, insurance company in the philippines.
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Here’s a great list of Billion Worth of Philippine's Top Insurance Companies you can choose from.
1. Philam Group of Companies The Philippine American Life and General Insurance Company (Philam Life) is the largest life insurance company in the Philippines and the market leader more than 60 years. It's services cater corporate insurance ,and individual services such as Protection,Education,Savings ,Retirement ,Investment ,Health and Critical Illness and OFWs .It has P11.255 Premium Income in Billion Pesos.
2.Sun life started in Canada in 1865, Sun Life is one of the world’s leading financial services companies. Their headquarters is in Toronto, with their partners today operate in key markets worldwide including Canada, the United States, the United Kingdom, Ireland, China, Hong Kong, the Philippines, Japan, Korea, Indonesia, India and Singapore.It has 10.633B Premium Income.
3.AXA Philippines is a solid partnership between the Metrobank Group, one of the country’s biggest conglomerates, and the AXA Group, one of the world’s largest financial protection and wealth management companies serving more than 95 million customers in 61 countries.It has P 8.360 B Premium Income.
4.Prulife UK is born in London on May 30th, 1848 at first their mission is provide loans and life assurance to professionals.After 4 years ,they are tranformed into an institution that offers Industrial Insurance to the general public and developed their own marketing strategy-door to door outreaching for clients.And now,it has more than 20 million customers worldwide and has US$530 (£267) billion worth of funds under management.
5.Insular life was established on November 25, 1910 at a time when the Philippines was flexing its wings as an independent country. Today, as the Philippines' leading and largest Filipino life insurance company, Insular Life prides itself with its role in securing the lives of Filipinos families for close to a century. Its roster of products — from its ordinary whole life, endowment, limited-payment, college education and insurance plans, to pension and investment plans — not only offers the best cost-benefits ratios among insurance plans in the market.It has 7.129 B Premium Income.
6.BPI-Philam Life Assurance Corp (formerly Ayala Life Assurance Inc) is one of the most remarkable confederation between two stellar financial companies in the Philippines. These are The Philippine American Life and General Insurance Company (Philam Life) and Bank of the Philippine Islands (BPI). Philam Life is the biggest life insurance institution in the Philippines and the market leader for over 60 years. BPI is a leading commercial bank in the country with more than three decades of domestic banking .It has large branch network of over than 800 branches and 1,500 ATMs.It has 5.696 Billion Peso Premium Income.
7.Manulife is one of the most stable life insurance companies in the Philippines .They have been conducting business in the country over a century now. Thus,through the years of assets acquisition this international life insurance institution sent its way to the Philippine Stock Exchange (PSE).It has 3.975 Billion Peso Premium Income.
8.Grepalife is another major player in the life insurance industry in the Philippines. It is under the umbrella corporation of Yuchengco Group of Companies (YGC), one of Southeast Asia’s largest conglomerates. In fact , YGC is operating to more than 90 companies around the world. The companies assets revolve on multifaceted commercial enterprises like banking and finance , insurance, automotive dealership, travel and tourism, development and construction, engineering,and IT.It has 3.492 B Premium Income.
9.United Cocolife or COCOLIFE (United Coconut Planters Life Assurance Corporation), the first ISO Certified life insurance company in the Philippines, is the mother company of the COCOLIFE Group of Companies which provides a comprehensive range of insurance and financial services. It has subsidiaries in non-life business (UCPB General Insurance), pre-need (Cocoplans), mutual funds (United Fund, COCOLIFE Fixed Income Fund), asset management (COCOLIFE Asset Management) and security services (Ultra Security Services, New Ultra, All Nation). It has 2.333 B Premium Income.
10.Generali Pilipinas is the synergy of three big companies in 21st century commerce namely Assicurazioni Generali of Italy, the Kuok Group of Malaysia, and the SM Group of the Philippines.It has P1.420 B Premium Income.
Source : http://whatbrands.blogspot.com
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
Top Top 10 Life Insurance Companies in the Philippines, top 10 life insurance companies in the philippines 2012, best brands and companies in the philippines, top insurance company 2012 philippines, insurance company in the philippines.
For the latest updates PRESS CTR + D or visit Stock Market news Today
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