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MetLife reported a plunge in net profit for last year and a lower forecast for private equity returns, despite a fourth-quarter spike in revenue and robust earnings for group life.

Aviva has more cash to play with than the market thinks, according to analysts at Jefferies, who have lifted their buyback forecasts to £350m for 2023. While falling interest rates reduce Aviva's Solvency II ratio, it will likely result in a larger own funds balance (in £m), adds the US bank. “With the Solvency II ratio at a robust 206% (above Aviva's 180% target) and a larger capital base, the company arguably now has more firepower to fund special capital returns. “As a result, we lift our share buyback assumption from £330m in 2023 to £350m with future buybacks to rise in £50m increments annually thereafter (FY24: £400m, FY25: £450m).” #LSE #AV More at #Proactive #ProactiveInvestors http://ow.ly/eGri105eISj

📣𝗕𝗣𝗔 𝗜𝗻𝘀𝗶𝗴𝗵𝘁: Fitch Ratings 𝗙𝗼𝗿𝗲𝘀𝗲𝗲𝘀 𝗦𝘂𝗿𝗴𝗲 𝗶𝗻 𝗨𝗞 𝗟𝗶𝗳𝗲 𝗜𝗻𝘀𝘂𝗿𝗲𝗿𝘀' 𝗕𝘂𝗹𝗸 𝗔𝗻𝗻𝘂𝗶𝘁𝘆 𝗦𝗮𝗹𝗲𝘀 📈 Fitch Ratings predicts UK life insurers’ bulk annuity volumes to exceed £60 billion in 2024, with funded reinsurance on the rise. 📈 In 2023, bulk annuity sales hit a record £50 billion, reflecting a £20 billion increase from 2022. 🔍 "Demand from corporates to offload pension liabilities to insurers was strong," Fitch explains. 🔍 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗿𝗶𝘀𝗸𝘀:: Overreliance on credit-focused reinsurers. Yet, regulations and diversified panels of reinsurers will mitigate these. 📊 UK life insurers maintained robust Solvency II ratios in 2023, expected to persist in 2024. 🔍 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: Consumer duty rules introduced in 2023 may impact profitability. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: 🔹 Bulk annuity sales expected to exceed £60 billion in 2024. 🔹 Fitch warns against overreliance on credit-focused reinsurers. 🔹 Profitability challenges persist due to consumer duty rules. 🔹 Insurers maintain robust Solvency II ratios. #InsuranceIndustry #UKFinance #RiskMitigation #FitchRatings #SolvencyII #ConsumerDuty #FinancialRegulation

Old Regimes, New Requirements: Asset Allocation under Recent Risk-based Capital Model Changes - The National Association of Insurance Commissioners (NAIC), AM Best and Standard & Poor’s use proprietary risk-based capital models as part of their evaluation of the solvency and financial strength of U.S. Property and Casualty (P&C) insurers. In recent years, these models underwent significant updates, and we assess the implications to P&C insurers’ investment choices and opportunities. Read more: https://hubs.ly/Q02yYKZQ0

📢 𝗨𝗣𝗖𝗢𝗠𝗜𝗡𝗚 𝗪𝗘𝗕𝗜𝗡𝗔𝗥: 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗳𝗼𝗿 𝗶𝗻𝘀𝘂𝗿𝗲𝗿𝘀 𝗶𝗻 𝟮𝟬𝟮𝟰 With interest rates likely to have reached their peak and a US recession now forecasted to H2 2024, what does this year hold for insurers' private market investing? Join this KBRA and Insurance Asset Risk webinar to hear key considerations for insurers investing in this space and where the opportunities lie from private credit to NAV financing. ✅ 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗻𝗼𝘄: https://lnkd.in/eWvteht5 𝗔𝗿𝗲𝗮𝘀 𝗼𝗳 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻: 🔸 Interest rates outlook and impact on private credit and direct lending strategies 🔸 How are middle market borrowers positioned for the challenges ahead 🔸 Private markets investment opportunities for insurers: from private credit to NAV financing 🔸 Strategies to deal with the characteristics of private credit: lumpy deal-flow, execution risk, valuation challenges, holding through the cycle 𝗦𝗽𝗲𝗮𝗸𝗲𝗿 𝗹𝗶𝗻𝗲-𝘂𝗽: 🔸 Francesco Martorana, CFA, CAIA, group CIO, Generali 🔸 Mike Chappell, Head of Illiquid Asset Portfolio, Phoenix Group 🔸 William Cox, Global Head of Corporate, Financial and Government Ratings, KBRA 🔸 Robert Leeming, News editor, Insurance Asset Risk #privatemarkets #insuranceassetrisk #privatemarketinvestments #webinar #iar

Aviva P/E just 12.6. below peer group, Avg. P/E of 25.8. Price-to-book (P/B) trades at only 1.4 v 3.9 Av. So how much of a bargain is it in cash? DCF shows it to be 45% undervalued at its present £5 share price. Fair Value would be £9.09. Aviva also has a dividend yield of 6.7%. Analysts forecast that this will rise to 7.8% in 2025 and to 8.3% in 2026. These compare to just 3.7% currently for the FTSE 100...

What do our clients have to say about us? 🤔 We received some great feedback from Lombard Odier about creating their Group Income Protection and Life Assurance policies. Check out what they had to say about Kelly Connolly below 👇 🌟🌟🌟🌟🌟 Want to protect your employees' futures? Drop us a message or visit https://lnkd.in/ekGt_VtG to find out how 👩💻 #Testimonial #ClientSuccess #Feedback #BusinessProtection

Emilia Wiener, CIO of TIAA, recently spoke to Insurance Asset Risk about all things IG private credit. In this article, Emily answers questions around the benefits of the asset class, where it fits within the GA’s overall SAA framework and how their approach to these investments has evolved in recent years. Read here now: https://lnkd.in/epGVBXga

➡️ Total Cost Reporting: Navigating a Regulatory Imperative – https://okt.to/M90lsx What considerations and exceptions should wealth and insurance firms be aware of given the recent amendment to National Instrument (NI) 31-103, Canada's Total Cost Reporting (TCR)? Read our latest article by Kelvin Cheng, Principal Consultant, Capco Canada, to learn more! #WealthManagement #AssetManagement #Wealth #Insurance

📈 Navigate the Rotation of the Stock Market with Prudential Advisors 📈 The stock market is always evolving, with different sectors rotating in and out of favor. Staying ahead of these shifts can be challenging, but with the right guidance, you can make informed decisions that effectively align with your financial goals. At Prudential Advisors, we understand the complexities of the market and are here to help you navigate through these changes with confidence. 🌟 Why Partner with Prudential Advisors? Extensive Experienced Insights: Our advisors provide deep market analysis and insights. Strategic Planning: We help you build a diversified portfolio that can adapt to market rotations. Personalized Guidance: Tailored advice to help meet your unique financial needs and goals. Long-Term Focus: We emphasize strategies that aim for sustainable growth and financial stability. In a constantly rotating market, it’s crucial to stay informed and adaptable. Let Prudential Advisors be your reliable teammate in navigating these changes and helping to secure your financial future. 💬 Ready to take control of your financial journey? Contact me today to schedule an initial complimentary consultation. Let’s discuss how we can optimize your investments and make the most of market opportunities. #PrudentialAdvisors #StockMarket #FinancialPlanning #InvestmentStrategy #MarketRotation Prudential Advisors is a brand name of The Prudential Insurance Company of America and its subsidiaries. Christopher Jacobi offers financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies.