Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3 (11 lettori)

[Fabrib]

SRLEV 9%

AMSTELVEEN - Insurer Vivat, the company behind brands like Reaal and Zwitserleven, has fallen into the red last year. The loss was caused by an extra provision that the company had to take. The underlying result, where one-off windfalls and setbacks were filtered out, did show an improvement.
Under the line, Vivat was 98 million euro short, against a profit of 168 million euro in 2016. But the underlying profit increased from 161 million to 168 million euro. The insurance business benefited from higher income from premiums and significant cost savings that have been made in recent times.
Vivat did see the capital buffer, calculated according to the European standard (Solvency II), shrinking from 175 to 162 percent. This kept the company well above the target that it itself uses for solvency. Topman Ron van Oijen spoke of "an important year" for Vivat, which after a radical restructuring could shift attention to growth.
Customer satisfaction
Staff costs have been reduced by almost a quarter in recent years. That was at the expense of about 1200 jobs. At the same time, Vivat has invested a great deal in digitization and improvement of services. That translated according to the company last year in a further improvement of customer satisfaction.
Vivat is the former insurance arm of SNS Reaal, the financial group that had to be rescued by the Dutch state from ruin over five years ago. The company is now owned by the Chinese concern Anbang, which is currently under a magnifying glass in its own country with regulators for alleged malpractice.
https://www.telegraaf.nl/financieel/1757290/verlies-moederbedrijf-reaal-en-zwitserleven

 

[Cat XL]

SRLEV 9%

AMSTELVEEN - Insurer Vivat, the company behind brands like Reaal and Zwitserleven, has fallen into the red last year. The loss was caused by an extra provision that the company had to take. The underlying result, where one-off windfalls and setbacks were filtered out, did show an improvement.
Under the line, Vivat was 98 million euro short, against a profit of 168 million euro in 2016. But the underlying profit increased from 161 million to 168 million euro. The insurance business benefited from higher income from premiums and significant cost savings that have been made in recent times.
Vivat did see the capital buffer, calculated according to the European standard (Solvency II), shrinking from 175 to 162 percent. This kept the company well above the target that it itself uses for solvency. Topman Ron van Oijen spoke of "an important year" for Vivat, which after a radical restructuring could shift attention to growth.
Customer satisfaction
Staff costs have been reduced by almost a quarter in recent years. That was at the expense of about 1200 jobs. At the same time, Vivat has invested a great deal in digitization and improvement of services. That translated according to the company last year in a further improvement of customer satisfaction.
Vivat is the former insurance arm of SNS Reaal, the financial group that had to be rescued by the Dutch state from ruin over five years ago. The company is now owned by the Chinese concern Anbang, which is currently under a magnifying glass in its own country with regulators for alleged malpractice.
https://www.telegraaf.nl/financieel/1757290/verlies-moederbedrijf-reaal-en-zwitserleven

Bond in salita cmq

 

[Joe Silver]

Bond in salita cmq

Ne ho approfittato per vendere a 121,5 quanto avevo comprato a buon prezzo la settimana scorsa

 

[TheLondoner]

Bond in salita cmq

Ciao Cat, qui ci sono i dati del 2017, ti posto comunque traduzione da articolo del FD:
Loss for Vivat, which is able to get his damage profitable


Insurer Vivat has had a positive year despite a loss for 2017. After a major reorganization in 2016, personnel costs fell by almost a quarter, the damage branch was profitable for the first time in years and underlying the parent company of Reaal and Zwitserleven did profit.

Wednesday morning . These are the first full annual figures since the acquisition.

Vivat possibly sold
For Vivat, it's exciting times after the Chinese government took over the lead at Anbang last month . The Chinese probably want to get rid of the Dutch company - CEO Ron van Oijen has been asked by the parent company to investigate possibilities for an IPO or sale , the FD revealed rather on the basis of sources from the financial world.

Read also

Vivat can look for a new owner
Although the press release does not mention sales, the figures are positive for potential buyers. For example, the company has reduced its costs by 8%. Especially the fact that Vivat has managed to get a profitable profit is special.

Damage companies suffer loss
Large insurers have been trying over the last years to get the combined ratio, which has premium income against expenses, under 100. At NN Group , for example, the ratio for 2017 was 102%, which means a loss. Vivat significantly reduced the ratio: from 104.9% to 99%, because there were fewer claims but also due to lower costs.the entire year, the combined ratio, which has premium income against expenditure, under 100. At NN Group

It led in part to the insurer underlying a 4% higher profit than in 2016, € 168 million. The fact that there was a loss of € 98 million under the line was due to a technical provision that Vivat had to make through adjustments of the way on which investments are valued.

Solvency declined
The solvency ratio, which shows the extent to which an insurer can meet its future obligations, also went down in 2017. A year earlier the ratio was still 175%, now 162%.

The decline was mainly caused by a fall in a part of the interest rate that determines how insurers should value their obligations. Due to the fall in interest, Vivat's liabilities have increased. Normally, insurers can largely compensate for this decline with an increase in value of their investments.

More risky investing
That was not the case with Vivat because the insurer invested a relatively large amount in Dutch and German government bonds. They have hardly yielded anything last year. The insurer therefore wants to adjust its investment policy this year and apply it to investments that are expected to yield more.

 

[Joe Silver]

Ciao Cat, qui ci sono i dati del 2017, ti posto comunque traduzione da articolo del FD:

Vivat can look for a new owner

Magari!

 

[Cat XL]

Ciao Cat, qui ci sono i dati del 2017, ti posto comunque traduzione da articolo del FD:
Loss for Vivat, which is able to get his damage profitable


Insurer Vivat has had a positive year despite a loss for 2017. After a major reorganization in 2016, personnel costs fell by almost a quarter, the damage branch was profitable for the first time in years and underlying the parent company of Reaal and Zwitserleven did profit.

Wednesday morning . These are the first full annual figures since the acquisition.

Vivat possibly sold
For Vivat, it's exciting times after the Chinese government took over the lead at Anbang last month . The Chinese probably want to get rid of the Dutch company - CEO Ron van Oijen has been asked by the parent company to investigate possibilities for an IPO or sale , the FD revealed rather on the basis of sources from the financial world.

Read also

Vivat can look for a new owner
Although the press release does not mention sales, the figures are positive for potential buyers. For example, the company has reduced its costs by 8%. Especially the fact that Vivat has managed to get a profitable profit is special.

Damage companies suffer loss
Large insurers have been trying over the last years to get the combined ratio, which has premium income against expenses, under 100. At NN Group , for example, the ratio for 2017 was 102%, which means a loss. Vivat significantly reduced the ratio: from 104.9% to 99%, because there were fewer claims but also due to lower costs.the entire year, the combined ratio, which has premium income against expenditure, under 100. At NN Group

It led in part to the insurer underlying a 4% higher profit than in 2016, € 168 million. The fact that there was a loss of € 98 million under the line was due to a technical provision that Vivat had to make through adjustments of the way on which investments are valued.

Solvency declined
The solvency ratio, which shows the extent to which an insurer can meet its future obligations, also went down in 2017. A year earlier the ratio was still 175%, now 162%.

The decline was mainly caused by a fall in a part of the interest rate that determines how insurers should value their obligations. Due to the fall in interest, Vivat's liabilities have increased. Normally, insurers can largely compensate for this decline with an increase in value of their investments.

More risky investing
That was not the case with Vivat because the insurer invested a relatively large amount in Dutch and German government bonds. They have hardly yielded anything last year. The insurer therefore wants to adjust its investment policy this year and apply it to investments that are expected to yield more.

Io non ho alcun problema con i Cinesi. Non possono estrarre capitale a piacimento con maxi divi e bonificarlo in Cina o per comprare il Plaza di NY. Certo pero' la loro presenza influisce sui prezzi.

 

[maxolone]

Buongiorno a tutti. É un pó che non sono su questi lidi. Torno con una buona news non so se giá postata.
Dopo anni di pazienza mi ha contattato IR di BCP confermandomi che ricominciano a pagare coupon sulle nostre perpetual XS0194093844 e XS0231958520.
Sono forse le ultime esistenti old T1 post step-up call.
Il prossimo passo sará la call. Ho modo di pensare che faranno come hanno fatto con RZB.

 

[Joe Silver]

Buongiorno a tutti. É un pó che non sono su questi lidi. Torno con una buona news non so se giá postata.
Dopo anni di pazienza mi ha contattato IR di BCP confermandomi che ricominciano a pagare coupon sulle nostre perpetual XS0194093844 e XS0231958520.
Sono forse le ultime esistenti old T1 post step-up call.
Il prossimo passo sará la call. Ho modo di pensare che faranno come hanno fatto con RZB.

Grazie

 

[antos]

Buongiorno a tutti. É un pó che non sono su questi lidi. Torno con una buona news non so se giá postata.
Dopo anni di pazienza mi ha contattato IR di BCP confermandomi che ricominciano a pagare coupon sulle nostre perpetual XS0194093844 e XS0231958520.
Sono forse le ultime esistenti old T1 post step-up call.
Il prossimo passo sará la call. Ho modo di pensare che faranno come hanno fatto con RZB.

Sono acquistabili? Grazie

 

[ono]

Buongiorno a tutti. É un pó che non sono su questi lidi. Torno con una buona news non so se giá postata.
Dopo anni di pazienza mi ha contattato IR di BCP confermandomi che ricominciano a pagare coupon sulle nostre perpetual XS0194093844 e XS0231958520.
Sono forse le ultime esistenti old T1 post step-up call.
Il prossimo passo sará la call. Ho modo di pensare che faranno come hanno fatto con RZB.

Grazie per la Info, fantastica.
Solo per curiositá, ti ha informato Luis Morais ?
Sai se hanno pagato la cedola scadente oggi ?
Ancora grazie.