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LHV Group results for October 2025
Globenewswire· 2025-11-18 06:00
Core Insights - LHV Group experienced continued growth in business volumes in October, with significant increases in loan portfolios, deposits, and managed funds [1][2][3][4] Group Performance - The consolidated loan portfolio increased by EUR 49 million to EUR 5.28 billion, while deposits rose by EUR 47 million to EUR 7.50 billion [1] - The total volume of funds managed by LHV increased by EUR 38 million to EUR 1.66 billion [1] - LHV Group earned a consolidated net profit of EUR 8.9 million in October, with LHV Pank contributing EUR 9.5 million [2] Customer and Loan Metrics - The number of LHV Pank customers grew by 3,400 to a total of 486,000, with loan volumes increasing by EUR 37 million to EUR 4.61 billion [3] - The loan portfolio for private individuals rose by EUR 26 million, while the corporate loan portfolio increased by EUR 11 million [3] - The quality of the total loan portfolio remains strong despite a drop in deposit volume by EUR 39 million to EUR 6.60 billion [3] UK Operations - LHV Bank in the UK saw loan volumes increase by EUR 13 million, reaching a total loan portfolio of EUR 673 million [4] - Deposits in the UK increased by EUR 76 million to EUR 1.08 billion, with over 400 new clients opening accounts [4] Insurance and Asset Management - LHV Kindlustus concluded new insurance contracts worth EUR 4.1 million, with approximately 293,000 insurance contracts in force [5] - The profitability of insurance remains at a good level, with loss events reimbursed amounting to EUR 2.4 million [5] - LHV Varahaldus saw positive performance in its asset management funds, with returns ranging from 0.7% to 4.6% in October [6] Financial Overview - LHV Group's net income for the year to date is EUR 4.7 million below the financial plan, while the loan portfolio exceeds the plan by EUR 95 million [7] - As of the end of October, the volume of deposits is EUR 98 million above the financial plan [7] Company Profile - LHV Group is the largest domestic financial group and capital provider in Estonia, with key subsidiaries including LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited [8] - The group employs over 1,100 people and serves a significant number of clients across its banking and insurance services [8]
倒计时1天!2025中国金融机构年会即将启幕,六大论坛纵论金融新未来
证券时报· 2025-11-18 01:28
这场由证券时报社主办的年度金融盛会,将汇聚来自银行、证券、保险、信托、期货等领域的数百位行业领袖,通过 六大专业论坛,共同探寻金融业高质量发展新路径。 很轻巅 分 万博3C合议 作者 ad 证券出版 ( ) 2000 0 图画照APP 图画家号 今日头条 0 微视 sino MANE O MM 4 en 网易新闻 KE 11月19-20日 中国·深圳 会议议程 11月19日 周三 9号馆 活动A区 09:00-10:20 ● 第十九届深圳国际金融博览会 2025金融科技大会开幕式 10:30-11:30 ● 2025中国金融机构年会 9号馆 活动B区 金融精英汇聚鹏城,行业领袖共议金融强国建设! 11月的深圳,风起南海,潮涌珠江。这座将举办2026年APEC会议的创新之都,即将迎来一场金融界的思想盛宴——第 十九届深圳国际金融博览会暨2025中国金融机构年会将于11月19日至21日在深圳会展中心(福田)隆重举行,这也是两大 品牌活动首次强强联合。 13:30-17:30 ● 2025中国金融机构年会 暨2025中国银行业年会 11月20日 周四 9号馆 活动B区 09:30-11:40 ● 2025中国金融机 ...
X @Bloomberg
Bloomberg· 2025-11-17 22:04
Almost a decade after a private equity firm began reshaping a struggling life insurer, authorities are grappling with a $2.2 billion shortfall. Policyholders fear life-changing losses. https://t.co/B9qlUTkyBj ...
W. R. Berkley Corporation Names Hale Johnston President of Berkley Net
Businesswire· 2025-11-17 21:30
Nov 17, 2025 4:30 PM Eastern Standard Time W. R. Berkley Corporation Names Hale Johnston President of Berkley Net Share GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) today announced the appointment of Hale Johnston as president of Berkley Net, a Berkley company. The appointment is effective immediately. He succeeds Brian Douglas, who joined Berkley Net in 2006 and served as its president since 2018. Mr. Douglas will remain a key member of the W. R. Berkley Corporation team. Brian ...
Gary Haase to Join Everest as EVP, CEO of Legacy Operations
Businesswire· 2025-11-17 21:15
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing world-class reinsurance and specialty insurance solutions, today announced the appointment of Gary Haase as Executive Vice President and CEO of Legacy Operations, effective December 1, 2025. He will report to Jim Williamson, Everest's President and CEO, and will join the Company's Executive Leadership Team. The appointment follows Everest's recent $2B renewal rights sale of its commercial. ...
MetLife's Drew Matus: It could be risky for the Fed not to cut in December
Youtube· 2025-11-17 18:42
Economic Outlook - Concerns are rising regarding potential pressures on upper-income consumers, which could lead to risks for the Federal Reserve if they do not cut rates in December [1][18] - The labor market data indicates that upper-income parents are increasingly worried about their children's job prospects, negatively impacting consumer spending as the year ends [3][18] Youth Unemployment - Youth unemployment is currently at approximately 180% of normal levels for the average worker, a significant increase from the historical rate of 150% [6][18] - The rise in youth unemployment is attributed to job displacement caused by advancements in AI, similar to the impact of computers in the past [4][5] AI and Productivity - There is skepticism about the short-term returns on AI investments, with concerns that companies may not hire enough if they do not see the expected benefits [7][9] - Long-term productivity improvements are anticipated, but the transition period may be challenging as organizations adapt to new technologies and cultural changes [8][10][11] Federal Reserve's Position - The Federal Reserve is advised to focus on short-term growth rather than solely on inflation, suggesting that a rate cut could stimulate economic activity [13][17] - A failure to cut rates in December could negatively impact holiday spending, as market reactions to the Fed's decisions could influence consumer behavior [15][16][18]
Aflac expands support for children with new book 'Beyond Words'
Prnewswire· 2025-11-17 17:00
Accessibility StatementSkip Navigation Designed to help children express empathy for those with health challenges, "Beyond Words" represents Aflac's newest expression of care with 100% of net proceeds benefiting the Aflac Childhood Cancer Foundation COLUMBUS, Ga., Nov. 17, 2025 /PRNewswire/ -- In collaboration with bestselling children's book Author Sheri Fink and Research Astronaut Kellie Gerardi, Aflac Incorporated released today a new children's book highlighting the power of empathy, kindness and comp ...
Berman Tabacco Announces Investigation of Humana, Inc. (NYSE:HUM)
Globenewswire· 2025-11-17 16:09
BOSTON, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco, a national law firm representing investors, announces its investigation into potential stockholder claims involving Humana, Inc (“Humana”) allegedly paying illegal kickbacks to insurance brokers. If you are a current Humana stockholder, you can obtain additional information by visiting Humana, Inc. | Berman Tabacco. About the Investigation Allegations that Humana paid illegal kickbacks and other claims were unsealed in May 2025 after the U.S. Atto ...
The 5 Biggest Chinese Insurance Companies
Investopedia· 2025-11-17 15:20
Close The Chinese insurance market has grown at a furious pace in recent years. Based on 2019 research, the Swiss Re Institute projected that China's share of global premiums will increase from 11% in 2018 to 20% by 2029, easily surpassing that of the United States, which is currently the leader in the $5 trillion (USD) global market. In the institute's 2021 report, China is still the market to watch, "where economic and premium growth continue at a strong pace." China's strong economy, high levels of gover ...
NMIH Stock Near 52-Week High, Trades at a Discount: Time to Hold?
ZACKS· 2025-11-17 15:06
Key Takeaways NMIH is poised to capitalize on growth in the mortgage insurance sector. A robust reinsurance strategy helps NMIH manage credit volatility and access efficient growth capital. Earnings growth is supported by increased production of both monthly and single premium policies. Shares of NMI Holdings Inc. (NMIH) closed at $37.58 on Friday, near its 52-week high of $43.20. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading abov ...