Tag: Insurance

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SVB Financial Posts 18% Increase in Revenue

SVB Financial Group’s first-quarter profits available to common investors rose 18% to $40.9 million, or $0.90 per diluted share, from $34.8 million, or $0.78 per diluted share, in the year-earlier first quarter. We are not changing our $55 per share fair value estimate or our narrow economic moat rating at this time. Noninterest expense rose 13% to $149 million. Noninterest income climbed 33% year over … Continue reading SVB Financial Posts 18% Increase in Revenue

Mark DeFranceLeave a comment
Analysis, BioTech, Diversified Tech, Finance, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

Manulife’s New Insurance Sales Fall Due to Price Increases

A record level of assets under management and robust wealth product sales drove an 18% increase in Manulife’s MFC first-quarter earnings over first-quarter 2012. On an operating basis, the company earned CAD 619 million in the quarter, or CAD 0.32 per share, meeting our expectations. Core return on shareholders’ equity was 10.6%, consistent with the levels achieved in previous quarters. GAAP income was CAD 540 … Continue reading Manulife’s New Insurance Sales Fall Due to Price Increases

John MeadyLeave a comment