A director at HNB Assurance Plc sold 50,000 shares at 167.011LKR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
HASU reported a steep 83% decline in quarterly earnings for 1QCY19, largely due to i) a 45% YoY increase in net insurance claims and benefits as a result of an increase in life insurance maturities; we expect increasing maturities and surrender payouts in the next few years, ii) a 31% YoY increase in the transfer to the Life Fund; the Life Fund grew by 6% during the quarter compared to 12% in CY18, iii) a one-off transfer of Rs. 381mn from the life fund to the shareholders’ fund in the comparabl...
HASU reported a significant 228% YoY increase in full year earnings for CY16, driven by a 1) a turnaround in GI business profitability (PAT of Rs. 47mn for CY16 vs. a loss of Rs. 227mn in CY15); and 2) a strong increase in life surplus transfer for the year (+49% YoY to Rs. 461mn). The improved profitability of the GI business stems mainly from a strong improvement in its motor claims ratio (from 88% in CY15 to 69% in CY16), resulting in a 16ppt increase in the overall GI combined ratio to 107%....
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Note Summary:HASU reported a significant 149% YoY increase in earnings for 3QCY16, driven primarily by a turnaround in profitability for the GI business (PAT of Rs. 27mn for the quarter vs. a loss of Rs. 165mn in 3QCY15), while its life business continued to show healthy profit growth (+23% YoY). The improved profitability of the GI business stems mainly from a strong improvement in its motor claims ratio (from 88% in 3QCY15 to 72% in 3QCY16), supported by 1) market segmentation of the motor por...
​HASU reported a 116% YoY increase in earnings for 1QCY16, driven mainly by a return to profitability for its GI (general insurance) business. As discussed in our last earnings review dated February 2016, several general insurers including HASU were impacted by a sharp increase in motor claims in CY15, mainly in the private car segment (due to higher spare parts prices stemming from LKR depreciation and an escalation in frequency of accidents amid an increase in first time drivers). A conseque...
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