Higher Sales and Solid Performance in Key Segments Improve Quarterly Results - Research Report on Prudential Financial, Lincoln, Manulife, PLC, and Primerica
NEW YORK, June 3, 2013 /PRNewswire/ --
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Today, Wall Street Reports announced new research reports highlighting Prudential Financial, Inc. (NYSE: PRU), Lincoln Financial Group (NYSE: LNC), Manulife Financial Corporation (NYSE: MFC), Protective Life Corporation (NYSE: PL), and Primerica, Inc. (NYSE: PRI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Prudential Financial, Inc. Research Report
On May 28, 2013, Prudential Mortgage Capital Company (Prudential Mortgage), the commercial mortgage lending business of Prudential Financial, Inc. (Prudential Financial), provided $160.4 million in acquisition financing for two apartment towers in New York. "The multifamily sector in New York City, which has one of the lowest vacancy rates in the country, has always been highly desirable thanks to high demand and limited supply. Those factors, combined with the high quality of these properties and the strength and expertise of the borrower, made this an extremely attractive investment," said Sarah Teunis, Director with Prudential Mortgage's New York office. The Company provided financing in a single transaction for the two apartment towers, The Aldyn and The Ashley, located in the Riverside South neighborhood of Manhattan's Upper West Side. The borrower, an affiliate of Boston-based GID, used the loan proceeds to purchase the buildings. The Full Research Report on Prudential Financial, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/d287_PRU]
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Lincoln Financial Group Research Report
On May 28, 2013, Lincoln Financial Group (Lincoln) announced its collaboration with Tower Watson and Oliver Wyman to implement two advanced analytic modeling techniques in its study of variable annuity policyholder behavior. These techniques are intended to help guide and improve assumptions setting, valuation, risk management, and new product development. "These techniques will move our industry forward as they have done in other segments, such as Property & Casualty, and we believe we are among the first in the Variable Annuity space to utilize them," said Mark Konen, President of Insurance and Retirement Solutions at Lincoln. Working with Towers Watson, Lincoln has implemented Predictive Modeling in its analysis of linkage between laps behavior and variables, such as age, gender and duration. Through its work with Oliver Wyman, Lincoln combined predictive analytics with new Attribution-Based Modeling techniques to refine its understanding of two key aspects of policyholder income utilization - income start time and withdrawal amounts. The Full Research Report on Lincoln Financial Group - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/9cc1_LNC]
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Manulife Financial Corporation Research Report
On May 24, 2013, Manulife Life Insurance Company (Manulife Japan), a member of the Manulife Financial Group, announced its financial results for FY 2012 (ended March 31, 2013). The Company reported basic earnings of ¥3.4 billion for FY 2012, reflecting the changing economic environment, including an upswing in stock markets. Capital earnings for FY 2012 reached ¥7.9 billion, driven by gains from sales of securities including Japanese government bonds, in the course of increasing the percentage of bonds in liability reserves as part of steps to reduce the impact of interest volatility. Operating income came in at ¥9.1 billion while net income came in at ¥5.2 billion. As of March 31, 2013, Manulife Japan's solvency margin ratio was at 1,229.1%, a continuing high level indicating the Company's solid financial strength. Further, the Company continued to focus on enhancing and diversifying its sales channels and product lineup. Annualized in-force premium for individual insurance and individual annuity insurance combined steadily increased to ¥353 billion, representing an 8.2% YoY growth. The Full Research Report on Manulife Financial Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/4527_MFC]
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Protective Life Corporation Research Report
On May 6, 2013, Protective Life Corporation (PLC) announced financial results for Q1 2013. Net income came in at $78.3 million, or $0.97 per average diluted share, compared with $99 million, or $1.18 per average diluted share in Q1 2012. After-tax operating income was $71.4 million, or $0.89 per average diluted share, compared with $99.1 million, or $1.18 per average diluted share in Q1 2012. "We are off to a strong start in 2013. Operating earnings in the quarter were right on our plan and exceeded plan, if adjusted for a few small, unexpected items," said John D. Johns, Chairman, President, and CEO of PLC. Johns added, "We are also pleased to see higher life sales, moderation in variable annuity sales, solid performance on the investment portfolio and continued robust spreads in the stable value segment. Our energies for the rest of the year will be intensely focused on achieving our financial plan and closing the recently-announced MONY Life Insurance Company acquisition transaction." The Full Research Report on Protective Life Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/b3db_PL]
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Primerica, Inc. Research Report
On May 7, 2013, Primerica, Inc. (Primerica) announced financial results for Q1 2013. The Company generated total revenues of $308.4 million, representing a growth of 7.6% YoY. The Company's net income was $38.8 million, compared with $41.8 million in Q1 2012. For Q1 2013, operating revenues were $306.2 million, an increase of 7.6% YoY due to continued growth in the Term Life business as well as strong Investment and Savings Products sales, and the favorable impact of market performance on client asset values. "Our strong distribution in core business drove the quarter's results," said Rick Williams, Chairman of the Board and Co-CEO of Primerica. Williams added, "We continue to see steady growth in our Term Life business which provides a stable, recurring future earnings stream, coupled with strong performance in our high return ISP business." The Full Research Report on Primerica, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/792e_PRI]
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