All Posts Tagged With: "PRU"
(AIG) American International Group’s AIA IPO Raises $17.9 Billion
On the back of strong demand and good positioning in the market, the American International Group Inc. (AIG) has raised $17.9 billion, as the company vended off the 58.4% stake in its Asian life-insurance...
(A) Company News for October 7, 2010 – Corporate Summary
• PepsiCo (NYSE:PEP) reported third-quarter earnings of $1.22, in-line with expectations, on a 40% revenue jump to $15.5 billion, above projections of $15.4 billion. The firm also lowered 2010 guidance to 10-11% growth
• Marriott (NYSE:MAR) noted third quarter...
(PRU) Prudential Financial Buys Units From American International Group
US insurer Prudential Financial (PRU) declared yesterday that it will be acquiring two of the Japanese life operations of American International Group Inc. (
3Oct2010 | vitalstocks | 0 comments | Continued(AIG) American International Group on Path to Exit TARP
After numerous mind-wrecking sessions over a fortnight, on Thursday, American International Group Inc. (AIG) and the U.S. Federal Reserve have finally charted out a scheme to free the company from the exorbitant...
(PRU) Prudential Financial Gains on Higher Second Quarter Revenues
Life insurer Prudential Financial Inc.’s (PRU) second quarter operating income of $1.51 per share was ahead of the Zacks Consensus Estimate of $1.31. Earnings were, however, down from $1.87 per share in...
(AIG) Insurance Industry Stock Update – August 2010 – Industry Outlook
After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the...
(AEG) Aegon NV Reviews Strategic Measures To Dispose Of Units
On Tuesday, Aegon NV (AEG) stated that it will consider options to dispose its US-based life reinsurance unit Transamerica Re and restructure its business in the UK, as it intends to realign and enhance focus...
(AIG) American International Group Delays Sale Date For Taiwan Unit
On Monday, American International Group Inc. (AIG) and a Hong Kong-led consortium agreed to extend the deadline for completing the sale of AIG’s Taiwanese unit, Nan Shan Life Insurance Co. Ltd., by three...
(JPM) Financial Giants Restructure Debt and Issue Notes
On Thursday, Reuters reported that financial behemoths JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) have issued fixed interest...
(PRE) PartnerRe Ltd. Earns Debt Rating From A.M. Best
On Thursday, PartnerRe Ltd. (PRE) got its issuer credit rating (ICR) of “a-” and debt ratings affirmed by rating agency, A.M. Best, reflecting a stable outlook for all.
Alongside...
(LNC) Lincoln National Corporation Plans to Repay TARP
Lincoln National Corp. (LNC) is gearing up to repay the bailout money. Dennis Glass, the company’s President and CEO, said at an investor presentation yesterday that this acceleration follows a successful...
(AIG) Insurance Industry Stock Update – May 2010 – Industry Outlook
The turmoil in the financial markets created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. In 2010, the overall situation has improved to a great extent and the worst of the crisis appears to be now behind...
(PRU) Prudential Financial to Take $100 Million in Charges
Prudential Financial Inc. (PRU) is expected to post a charge of $100 million in its first quarter earnings as a result of changes made under health care reform regarding subsidies on retiree health care costs.
During...
(AIG) Insurance Industry Stock Update – February 2010 – Industry Outlook
The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs...
(NYT) Heavy Earnings Reports Continue – Earnings Preview
Earnings Preview 2/5/10
While the bulk of earnings reports are in, there are still many to go, and next week we still have a heavy earnings calendar with a total or 462 firms scheduled to report. Some...
(CLI) Mack-Cali Realty Refinances Loan With Prudential Financial Unit
Mack-Cali Realty Corp. (CLI), a fully integrated real estate investment trust (REIT), has recently refinanced a $150 million secured loan with the Prudential Insurance Company of America, the insurance division...
(PRU) Prudential Financial Analysts Initiate Coverage at Neutral
We are initiating our coverage on the shares of the Prudential Financial Inc. (PRU) with a Neutral recommendation.
Prudential has one of the best collections of businesses in the U.S. life insurance...
(MET) MetLife’s Global Funding Unit Begins Sale of $2.5Billion in Notes
Yesterday, MetLife Global Funding I, a unit of MetLife Inc. (MET), announced a two-part sale of its notes worth $2.5 billion. The first part includes $1 billion of notes at an issue price of $100, maturing...
(PRU) Prudential Financial Concludes Wachovia Sale
Last week, Prudential Financial (PRU) announced that it has completed the previously announced sale of its minority interest in Wachovia Securities Financial Holdings to Wells Fargo & Co....
(PRU) Prudential Financial Sees Credit Rating Action
Earlier during the week, Fitch Rating affirmed the “BBB+” long-term issuer default and the “BBB” senior debt ratings on Prudential Financial Inc. (PRU) and improved its outlook to “stable”...
(WFC) Wells Fargo Buys Prudential Financial Stake
On Tuesday, Wells Fargo & Co. (WFC) announced its intention to purchase the 38% stake of Prudential Financial Inc. (PRU) in its retail...
($AIG) Insurance Industry – Industry Outlook
The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs...
(PRU) Prudential Financial Beats, Ups Guidance
Prudential Financial Inc.’s (PRU) third-quarter earnings of $1.59 per share was well ahead of the Zacks Consensus Estimate of $1.33. Results also topped prior-year period’s...
(LNC) Lincoln National Corporation Beats Consensus Earnings Estimates
Lincoln National Corp. (LNC) reported operating earnings of 84 cents in the third quarter, which was ahead of the Zacks Consensus Estimate of 80 cents. The company had earned $1.16 per share on an operating...
(PRU) Nippon Life Insurance Invests in Prudential
The Prudential Insurance Company of America [PICA], an indirect wholly owned subsidiary of Prudential Financial, Incorporated (PRU) entered into a purchase agreement with Nippon Life Insurance Company on Sept. 16.
According to the agreement,...
(LNC) Lincoln Sells Asset Management Unit
Lincoln National Corporation (LNC) has agreed to sell its asset management unit, Delaware Investments, to Macquarie Group for approximately $428 million in cash. Macquarie Group is a Sydney, Australia-based leading investment bank.
The deal is expected...
(HIG) Hartford – Analysts concerned with exposure to variable annuities and capital levels
Hartford Financial Services Group (HIG) agreed to refund $48.2 million to workers’ compensation policyholders in Florida as it earned excess profits on such policies it issued between 2004 and 2006.
On Wednesday, the Florida Office of Insurance...