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Stock Market & Financial Investment News

News Breaks
December 2, 2012
20:48 EDTUNM, PRU, TMK, MET, AIGNew NAIC rules will free up cash for U.S. life insurers, WSJ says
The National Association of Insurance Commissioners, NAIC, approved new rules for how U.S. life insurers determine reserves for future claims, freeing up funds that can be used for acquisitions, stock buybacks, dividend increases and other measures to boost returns, says the Wall Street Journal. Reference Link
News For MET;PRU;AIG;TMK;UNM From The Last 14 Days
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December 16, 2014
07:34 EDTUNMUnum Group sees year-end 2014 capital metrics slightly above prior outlook
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07:33 EDTUNMUnum Group sees cash flow from ops supporting planned 2015 share repurchases
The Company will discuss additional details of its 2015 financial plan and capital management plans. Primary factors impacting the 2015 outlook include the expectation of continued momentum in premium income growth of 4 percent to 6 percent for its core operations along with generally stable risk experience, offset in part by the continued negative effects of today’s low interest rate environment including a reduction of 50 basis points to the discount rate which the Company anticipates implementing in the fourth quarter of 2014 for new group long-term disability claim incurrals in Unum US. The Company currently estimates its year-end 2014 capital metrics, after consideration of the anticipated GAAP reserve increase and a statutory reserve increase of approximately $150 million for its First Unum subsidiary, will be slightly above the outlook provided a year ago, with the weighted average risk-based capital ratio for the Company’s traditional U.S. insurance companies exceeding 400 percent and cash and marketable securities in its holding companies exceeding $500 million. The Company continues to anticipate the generation of strong cash flow from its operations in 2015 which will support planned share repurchases within a range of $400 million to $600 million. In addition, management expects that in May 2015 it will recommend to its Board of Directors to again increase its common stock dividend. Finally, the Company expects to maintain a strong capital position and is establishing an outlook for year-end 2015 weighted average risk-based capital ratio to be within a range of 375 percent to 400 percent and cash and marketable securities in its holding companies to be in excess of $500 million.
07:32 EDTUNMUnum Group to confirm FY15 operating EPS growth outlook of 5%-10%
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December 15, 2014
09:01 EDTPRUPrudential Retirement announces creation of Gibraltar Ventures
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December 12, 2014
08:09 EDTPRU, AIG, METBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
06:34 EDTMETMetLife announces new $1B share repurchase authorization
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December 11, 2014
11:17 EDTMETMetLife to host investor conference call
Investor Conference Call to be held on December 12 at 8 am. Reference Link
10:31 EDTPRUPrudential sees long-term target of 13%-14% top-tier ROE over cycle
Sees greater financial flexibility resulting from business momentum driving solid capital generation, increasing ratio of cash flow to adjusted operating income, and closed block restructuring.
10:30 EDTPRUPrudential sees FY15 EPS $9.60-$10.10, consensus $9.99
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10:29 EDTPRUPrudential sees 10 year US Treasury interest rate to rise to 2.97% by 2015-end
Sees FY15 effective tax rate of approximately 27%. Capital deployment will be supported by increasing ratio of cash flow to adjusted operating income. Sees year end 2015 leverage ratio to be within 25% target.
10:28 EDTPRUPrudential expects sustained low interest rate environment in 2015
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10:27 EDTPRUPrudential expects greater financial flexibility in 2015
Cites business momentum driving solid capital generation and enhanced closed block restructuring. This follows 2014 tailwinds that include equity market,s strong general account non-coupon investment income, favorable mortality experience and favorable case experience in retirement. Comments taken from slides for 2015 Financial Outlook Conference Call.
08:30 EDTMETMetLife acquires Fairmont Hotel in Washington, D.C. for $180M
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December 10, 2014
18:38 EDTMETMetLife statement on passage of Insurance Capital Standards Clarification Act
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14:26 EDTUNMUnum Group to host investor meeting
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14:01 EDTMETMetLife names Esther Lee Global Chief Marketing Officer
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December 9, 2014
06:02 EDTMETMetLife affiliates and other investor provide $200M in financing to Angel Trains
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December 8, 2014
14:20 EDTPRUPrudential to host conference call
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08:21 EDTPRUSL Green Realty, Prudential Real Estate Investors form JV
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December 4, 2014
18:20 EDTMETMetLife close to systemically important label, Bloomberg reports
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