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Showing 541 - 550 of 6744 results for "Profit"

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
AIA Australia's retail insurance division has a new structure, with underwriting, new business administration, and distribution capabilities now combined. The life insurer said the change will unite the key touchpoints in the retail-advised purchasing ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... due to gains in superannuation business, according to KPMG's annual market review. Risk products recorded a $400 million profit in FY23, down from $1.2 billion in FY22, largely driven by reduced retail profitability in lump sum and disability income ...

Equip Super welcomes new chair

CHLOE WALKER  |  TUESDAY, 17 OCT 2023
... the chair of the board," Equip Super deputy chair Justine Hickey said. "I know his extensive experience and passion for profit to member organisations will steer Equip Super through the next chapter of the fund's growth trajectory." Cameron will ...

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
... billion, primarily driven by its recent $619 million mandate with Aware Super. Challenger reaffirmed its FY24 normalised net profit before tax guidance range of between $555 million and $605 million. "Challenger has started FY24 well, demonstrating our ...

The ugly truth: Unattractive fund managers are investment darlings

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
According to a study by Shanghai Jiao Tong University, having a face only a mother could love pays off in funds management, as unattractive fundies outperform their good-looking peers. In the first economics study to employ a deep learning model to ...

Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... of Selfwealth shareholders to engage in substantive discussions with Stake," Selfwealth told the ASX. "After its maiden profit in FY2023, the board believes Selfwealth is in a solid financial position with $12.4 million of net cash as of 30 June 2023 ...

Forager to delist Aussie LIT

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... October 13 was $1.45. It has 99,851,310 units on issue. In the last financial year, FOR made a $22.3 million operating profit. During the period, the discount between the net asset value and unit price ranged between 2% and 19% and averaged 10%.

Industrials company launches asset management arm

ANDREW MCKEAN  |  FRIDAY, 13 OCT 2023
... months to June 30, an increase of $18.66 million compared to the same period last year. The company also reported a net profit before tax of $7.08 million and a net profit after tax of $3.87 million for the year. "FY23 has proven to be another defining ...

Holistic remuneration tool launched to super funds

JAMIE WILLIAMSON  |  THURSDAY, 12 OCT 2023
... the former executive manager of growth at Media Super is rolling out a leadership resourcing and remuneration tool for profit-to-member superannuation funds. In July, founding director John Myers, who was most recently on Media Super's executive ...

RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... with a lower net worth. For businesses, borrowing becomes costlier amid weaker economic conditions, thereby weighing on profit generation. "These channels of monetary policy are slowing the growth of demand and contributing to a decline in inflation," ...