Sun Life and Provincial
Article Abstract:
Sun Life and Provincial includes UAP Provincial which is involved in general insurance. Sun Life saw a rise in new business premiums of 20% for 1st half 1996, similar to the market as a whole. Life margins are performing well, and Provincial reported an underwriting profit. The Irish life insurance market is competitive and profits for New Ireland Holdings were also down due to unrealized gains in the comparable period. Sun Life and Provincial's pre-tax profit is forecast at 151 million pounds sterling by Merrill Lynch.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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London and Manchester
Article Abstract:
London and Manchester is restructuring its home service life insurance activities and this has constrained sales, but benefit should come through from 4th qtr 1996. The company has seen growth from the pensions market and has strength in opportunities arising from compulsory competitive tendering where pension rights have to be retained. This area tends to involve low margins, according to analysts. Other life insurers can offer better prospects for investors in shares.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Lloyds Abbey Life
Article Abstract:
Lloyds Abbey Life is a UK life insurer which saw a rise in profit for 1995 excluding pensions provisions. The company has reduced its sales force which has helped profits. Estate agency losses increased to 9.5 million pounds sterling from 3.7 million pounds. The group should benefit from TSB being absorbed into Lloyds, and there is speculation that Lloyds could increase its stake. The company's shares are seen as fairly priced in Feb 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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