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Life Insurer AMP Reports Profit

Life Insurer AMP Reports Profit AMP Limited has reported a net profit of A$884 million for the full year to 31 December 2014, up 32 per cent on A$672 million reported for FY 13. Chief Executive Craig Meller said: “An increase of 23 per cent in underlying profit reflects a strong result in our domestic franchises of wealth and investment management, targeted offshore expansion and improving performance in our wealth protection business. In Australian wealth management, operating earnings for FY 14 were

Bendigo Bank to offer a bank branded life insurance from AIA

        Life insurer AIA has developed a direct life insurance product that will be distributed by Bendigo Bank. The product will be offered over the next 5 years through branches and online on the banks website. It will carry the Bendigo Bank brand. Bendigo’s previously partnered with The National Mutual Life Association of Australasia Ltd a member of the AMP Group.   Follow Us     Please note Quotesonline Insurance

Changes at AMP Australia’s Largest Life Insurer

AMP Australia’s largest life insurer has announced that chairman Peter Mason will retire in May after 8 years at the head of the insurers board. He will be replaced by former Macquarie Group executive Simon McKeon. Under Mr Mason’s chairmanship AMP merger with AXA created Australia’s largest life insurer. AMP also annouced that former Aviva excutive Trevor Matthews will join the Board as a non-executive director. Dr Nora Scheinkestel has also announced her intention

Life Insurers Profit Drops by 25%

The latest Life Insurance performance statistics release by the Australian Prudential Regulation Authority (APRA) shows a decline in profit despite an increase in revenue. For the twelve months to 30 September 2013  the industry net profit after tax was $2.2 billion, a decrease of 26.5 per cent from the previous year’s profit of $3.1 billion.The September 2013 quarter profit was $441 million compared with the June 2013 quarter profit of $391 million(representing a 12.8 per cent increase) and

AIA Onepath and AMP Blue Ribbon Award best life insurance products

Financial Review Smart Investor Blue Ribbon Award have released there best life insurance products of the year, they are  AIA Income protection, Onepath Life Cover, AMP Trauma Cover Optimum.   Insurance Quotes Click Here Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there

Life Insurers enjoy growth

The latest figures for the Australian Life Insurance market have been released by Plan For Life, and AMP Group has increased their new annual premiums by 391m, TAL (formerly Tower Insurance) 310M and MLC Group up by 306M. Source http://greatchoice.com.au Arrange an Insurance Quote Here Please note Quotesonline Insurance News is an information service provided by

Life Insurer TAL enjoy growth

Life insurance risk market inflows climbed 10% in the 12 months to June 2011 from $8.9 billion to $9.8 billion with TAL, Zurich and AIA recording the three highest inflows. Group risk had a rougher year with mixed results. According to Plan For Life research released today, all of the main risk market players reported higher inflows including TAL with

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AMP cashflow cut by slowing superannuation

Australia’s largest provider of superannuation AMP has reported that first quarter net cashflows at AMP Financial Services have fallen to $42 million from $236m a year earlier. This came as inflows slowed and outflows increased. AMP reported that contemporary wealth management cashflow fell 47.4 per cent to $177m. Australian life insurance inflows grew 25 per cent to $141m. Assets under management for the contemporary wealth business gained 6.1 per cent to $55 billion by March 31

Insurance premium survey reveals subdued sales

Plan for Life research has shown that flows into the life insurance risk market grew 12.5% during 2010. However, new premium sales sustained a marginal growth pattern. Companies in the survey showed 2010 inflow increases from $8.3 billion to $9.4 billion. The highest growth rates were Tower (31.5 %), AMP (26.4 %), AIA Australia (19.1 %), BT/Westpac (9.7 %), OnePath Australia (9.4 %) and

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