- SpareBank 1 Group reported a pre-tax operating profit of 385 million NOK for Q1 2016, an increase from 337 million NOK in Q1 2015. Return on equity was 12.8% for Q1 2016.
- The life insurance and property & casualty insurance subsidiaries reported increased risk and administration profits compared to Q1 2015, though the life insurance subsidiary reported lower net financial income.
- The property & casualty insurer reported an improved combined ratio of 87.9% for Q1 2016 compared to 99.2% in Q1 2015, driven by lower claims.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
In case you need to present economic status of your company then our content-ready financial statement analysis PowerPoint Presentation is ideal for you. This income statement PPT presentation having multiple slides such as financial projections, key financial ratios, liquidity ratios, cash flow statement KPIs, profitability ratios, activity ratios, solvency ratios, income statement overview and funding updates etc. This cash flow assessment PowerPoint template goes well with topics like profitability analysis, business impact analysis, financial health, and income statement, balance sheet, statement of cash flow, business performance analysis, financial health, and future prospects of an organization, project future performance, economic analysis, company analysis, business valuation, fundamental analysis. For successful business presentation, PowerPoint background is as important as the content in the slides. Our accounting statement PPT slide provides you both content rich as well as professional slides. Download our financial statement analysis presentation slides to project your business future performance. Elucidate on your ideas with our Financial Statement Analysis Powerpoint Presentation Slides. Drive your team to excellence. https://bit.ly/2VtddrR
Financial Modelling Videos (Fimovi) enables its customers to develop flexible and robust financial plans and cashflow models based on Microsoft Excel. Fimovi provides a broad range of financial modelling related services for clients across many industry sectors. http://www.excel-financial-model.com/
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
In case you need to present economic status of your company then our content-ready financial statement analysis PowerPoint Presentation is ideal for you. This income statement PPT presentation having multiple slides such as financial projections, key financial ratios, liquidity ratios, cash flow statement KPIs, profitability ratios, activity ratios, solvency ratios, income statement overview and funding updates etc. This cash flow assessment PowerPoint template goes well with topics like profitability analysis, business impact analysis, financial health, and income statement, balance sheet, statement of cash flow, business performance analysis, financial health, and future prospects of an organization, project future performance, economic analysis, company analysis, business valuation, fundamental analysis. For successful business presentation, PowerPoint background is as important as the content in the slides. Our accounting statement PPT slide provides you both content rich as well as professional slides. Download our financial statement analysis presentation slides to project your business future performance. Elucidate on your ideas with our Financial Statement Analysis Powerpoint Presentation Slides. Drive your team to excellence. https://bit.ly/2VtddrR
Financial Modelling Videos (Fimovi) enables its customers to develop flexible and robust financial plans and cashflow models based on Microsoft Excel. Fimovi provides a broad range of financial modelling related services for clients across many industry sectors. http://www.excel-financial-model.com/
OMV Group Report and Financial Statement - Q4 2016 and Full Year 2016OILWIRE
OMV Group Report and Financial Statement - Q4 2016 and Full Year 2016
The year 2016 was one of transformation for OMV. We have taken significant steps towards reshaping the portfolio of OMV and our total divestment efforts generated EUR 1.7 bn of proceeds. In Q4/16, we also increased our stake in four Exploration and Production Sharing Agreements in the Sirte Basin in Libya.
Through Group-wide cost reductions and efficiency efforts, OMV saved EUR 200 mn, EUR 100 mn ahead of target. OMV delivered a robust clean CCS EBIT of EUR 1,110 mn in 2016 supported by a strong Downstream result. The Group generated free cash flow after dividends, including non-controlling interest changes, of EUR 1.1 bn, EUR 1.7 bn higher than the previous year.
The Executive Board of OMV proposes to the Annual General Meeting a dividend per share of EUR 1.20
In Property & Casualty Business Allianz Italy had a strong performance in a declining market, continuing gaining market share.
Good top-line growth in motor offset by non-motor. Direct business continues growing at double-digit rate.
ASSA ABLOY Q1 presentation 27 april 2016ASSA ABLOY
In the first quarter of 2016, net sales amounted to SEK 15,891 M (15,252), an increase of 4%, of which 3% (5) was organic growth and 3% (3) was acquired growth.The operating income increased in line with sales and also improved by 4%.
Her kan du laste ned presentasjonen fra presse- og analytikerkonferansen - 12. august 2015. Presentasjonen ble holdt av konstituert adm. direktør Turid Grotmoll.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
5. SpareBank 1 Forsikring AS (life insurance)
Improved risk and administration profit
Key figures as of Q1 2016 (Q1 2015) in MNOK
Gross premium income: 1,335 (1,321)
Risk profit: 109 (69)
Administration profit: 20 (6)
Interest profit: -30 (130)
Pre-tax profit: 175 (125)
Solvency II ratio*) : 136 %
5
Pre-tax operating profit (MNOK)
125
179
147
175
3
4Q 20153Q 20152Q 20151Q 2015 1Q 2016
*) As of 31.12.15. Without transitional rules.
6. Key figures as of Q1 2016 (Q1 2015) in MNOK
SpareBank 1 Skadeforsikring (P&C insurance)
Improved insurance profit, but lower net finance income
Gross premium income: 1 231 (1 242)
Insurance profit: 147 (140)
Gross profit prior years: 96 (148)
Net financial profit: 61 (112)
Pre-tax profit: 207 (251)
Solvency II ratio*): 262 %
6
Pre-tax operating profit (MNOK)
251
383
263
382
207
1Q 20164Q 20153Q 20152Q 20151Q 2015
*) As of 31.12.15. Without transitional rules.
7. SpareBank 1 Skadeforsikring (P&C insurance)
Improved combined ratio
7
Insurance profit Q1 (MNOK)
Combined ratio, net (%)
133
105
147140
2015 2016
Insurance profit
Insurance profit ex. profit prior years and natural peril
21,7 21,221,7
59,866,167,4
87,889,1
Q1 2016Q1 2015 2015
81,0
Net claims ratio
Net cost ratio
The insurance result is characterised by
• Claims are reduced by MNOK 57
compared to Q1 2015. This is due to a
reduction in natural perils by MNOK
77 MNOK compared to Q1 2015.
• Claims for both the retail and
corporate market increased
compared to Q1 2015. The increase in
the retail market is caused by a
greater scale of winter related claims
in 2016 than in 2015.
• Run-off gians was 96 (148) in Q1.
Combined ratio
• CR, net: 87.9 % (99.2 %)
11. Receivables management
Growth in both volume and income
11
Pre-tax operating profit Q1 (MNOK)
18
5
14
19
4
16
TotalSpareBank 1 Gruppen Finans *) Conecto (debt collection)
2015
2016
*) Consists of the two business areas Factoring and Portfolio.
14. Owners and alliance partners:
*Owned by the regional banks. SamSpar. Bank 1 OA and
SpareBank 1 Gruppen AS.
SpareBank 1 Forsikring
Life and P&C insurance
ODIN Forvaltning
Fund management
SpareBank 1 Medlemskort
Administration of LOfavør
SpareBank 1 Gruppen Finans
Factoring and Portfolio Purchase
Conecto
Debt collection
*Jointly owned group with wholly owned product
companies:
The company shall develop and deliver
common IT and mobile solutions, brand
and marketing concepts, business
concepts, products and services,
expertise, analyses, processes, best
practice and purchasing.
Resource centers:
• Payment/Trondheim.
• Credit/Stavanger
Ownership and company structure in the SpareBank 1 Alliance
19.5 % 19.5 % 19.5 % 11 %19.5 % 9.6 % 1.4 %
BN Bank*
Bank 1 Oslo Akershus*
SpareBank 1 Kredittkort*
SpareBank 1 Boligkreditt*
SpareBank 1 Markets*
SpareBank 1 Næringskreditt*
*Companies that are directly owned by most of the alliance
companies - with differing stakes
SpareBank 1
Banksamarbeidet DA*
SpareBank 1 Gruppen AS*
EiendomsMegler 1 Norge
SpareBank 1 Kundesenter
SpareBank 1 Verdipapirservice
15. SpareBank 1 Gruppen
15
Q1
MNOK 2016 2015
Part of profit from subsidiaries before tax
- Life insurance business 175,0 124,7
- P&C insurance business 207,4 250,7
- ODIN Forvaltning (Fund management) 22,4 21,8
- SpareBank 1 Medlemskort 3,5 2,4
- Factoring and portfolio purchase 15,5 13,7
- Conecto AS (debt collection) 3,8 4,5
- Correction Group -1,8 -1,8
Net profit before tax from subsidiaries 425,8 415,8
Total operating costs (parent company) -25,4 -23,3
Net finance (parent company) -15,7 -15,6
Share of associated company 0,0 1,6
Amortisation and write-down 0,0 -0,9
Pre-tax profit 384,6 377,6
Tax expense -100,6 -74,6
Net profit for the period 284,1 303,0
17. SpareBank 1 Gruppen (Group)
Quarterly results
17
Q1 Q4 Q3 Q2 Q1 Q4
MNOK 2016 2015 2015 2015 2015 2014
Part of profits from subsidiaries pre-tax: 175,0 3,0 147,3 179,1 124,7 39,4
- Life insurance business 207,4 0,0 0,0 0,0 0,0 0,0
- P&C insurance business 22,4 382,2 263,4 383,1 250,7 532,0
- ODIN Forvaltning (Fund management) 3,5 13,6 29,6 31,0 21,8 21,8
- SpareBank 1 Medlemskort 15,5 -0,4 2,4 1,8 2,4 0,0
- Receivables management 3,8 45,9 11,7 14,0 18,1 14,1
- Corrections Group -1,8 2,0 -26,8 -130,9 -1,8 90,6
Net profit before tax from subsidiaries 425,8 446,3 427,7 478,0 415,8 698,0
Total operating costs (parent company) -25,4 -21,1 -32,7 -7,2 -23,3 -26,6
Net investment charges (parent company) -15,7 -14,8 -14,3 -2,8 -15,6 -17,6
Gains from sale of companies 0,0 0,0 0,0 0,0 0,0 0,0
Share of associated company 0,0 1,9 0,0 0,0 1,6 0,0
Net profit before tax 384,6 412,3 380,8 468,0 378,5 653,8
Amortization - -19,4 -0,9 -0,9 -0,9 -0,9
Pre-tax profit from continuing operations 384,6 393,0 379,9 467,0 377,6 652,9
Tax expense from continuing operations 100,6 -15,1 -93,8 -117,2 -74,6 -146,0
Profit from continuing operations 284,6 377,8 286,1 349,8 303,0 506,8
18. Life insurance business
18
Q1
Figures in MNOK 2016 2015
Insurance risk income 510,4 491,5
Insurance risk claims -386,0 -414,7
Gross risk profit 124,4 76,9
Technical allocations -15,9 -7,5
Net risk profit 108,5 69,3
Reserves -0,1 0,0
Net risk profit after technical allocations and reserves 108,4 69,3
Fees 238,3 222,0
Expenses, exclusive commissions -139,5 -143,3
Commissions -86,1 -76,9
Gross administration profit 12,7 1,8
Technical allocations' effect on administration result 6,9 4,5
Net administration profit 19,6 6,3
Net investment income 82,6 242,8
Guaranteed interest to policy holders -112,6 -113,2
Investment profit -30,0 129,5
Reserves 0,0 -0,2
Investment profit after reserves -30,1 129,4
Reserves – long life – owner's contribution -0,9 -0,4
Compensation guaranteed interest 10,2 8,5
Profit before additional provisions 107,2 213,0
Allocation of additional provisions 33,0 -93,7
Transferred to policy holders -19,1 -22,5
Return on company's assets 55,5 29,0
Other operating income and costs -1,6 -1,2
Net profit to owner pre-tax 175,0 124,7
Tax expense -49,7 -22,8
Net profit/loss for the period 125,3 101,9
19. Life insurance business
Portfolio return as of Q1 2016
19
MNOK Group portfolio
Previously established
individual products Investment portfolio Company portfolio Total
Risk profit 117,0 0,3 -1,9 0,0 115,4
Profit element for risk 0,0 0,0 0,0 0,0 0,0
Administration profit 7,3 -2,1 7,5 0,0 12,7
Net investment profit -17,8 -13,2 0,7 0,3 -30,0
Reserves – long life -0,1 0,0 0,0 0,0 -0,1
Reserves – long life – owner's contribution -0,9 0,0 0,0 0,0 -0,9
Compensation interest guarantee 10,2 0,0 0,0 0,0 10,2
Transferred to policy holders 1,0 12,8 0,0 0,0 13,8
Return on company's assets 0,0 0,0 0,0 54,0 54,0
Total 116,7 -2,2 6,2 54,2 175,0
20. Life insurance business
Premium income
20
Q1
MNOK 2016 2015
Individual annuity and pension insurance 106,4 59,3
Individual endowment insurance 185,4 112,1
Group pension insurance 280,3 241,7
Individual life insurance 73,3 41,8
Group life insurance 237,2 234,9
Unit Linked - Annuity 5,6 4,6
Unit Linked - Endowment 37,5 24,5
Defined contribution pension 409,5 208,9
Total gross premium income overdue 1 335,3 927,9
Premium reserves transferred from other companies 576,2 71,3
Reinsurance ceded -52,7 -32,6
Premium income for own account 1 858,8 966,6
21. Asset allocation per portfolio as of Q1 2016
Life insurance business
P&C insurance
business
NOK 16,1(15,6) billion NOK 20 (19,9) billion NOK 4,7(4,3) billion NOK 11,5 (11,3) billion
21
Group portfolio Company portfolioInvestment portfolio P&C insurance group
58,5%
41,5%
Shares
Bonds
33,2%
35,2%
13,7%
Bonds - amortisised cost
Bonds - market value
Other
Real estate
Shares
61,6%
20,3%
Real estate
Bonds - market value
Shares
Bonds - amortisised cost
Other
10,1%
14,1%
64,8%
Shares
Bonds - amortisised cost
Real estate
Bonds - market value
22. Life insurance business
Balance sheet as of Q1 2016
22
Q1
MNOK 2016 2015
Intangible assets 162 181
Investments 4 562 4 266
Reinsurance's part of insurance obligations 373 330
Accounts receivables 163 119
Other assets 236 163
Pre-paid liabilities 0 0
Investments group portfolio 20 038 19 792
Investments options portfolio 16 086 14 281
Total assets 41 621 39 132
Paid in capital 2 073 2 073
Retained earnings 1 627 1 207
Subordinated loan capital 200 200
Insurance obligations - contractual 20 117 19 827
Insurance obligations – investment options 16 296 14 447
Provisions for obligations 637 538
Premium deposits from reinsurance companies 230 204
Other liabilities 312 479
Incurred costs, pre-paid income 128 157
Total liabilities and equity 41 621 39 132
23. P&C insurance business
23
Q1
MNOK 2016 2015
Gross written premium 1 568,6 1 572,2
Net earned premium 1 303,4 1 278,5
Net incurred claims -862,1 -861,7
Net insurance related operating costs 60,9 111,9
Other insurance related income/costs -283,4 -276,9
Other technical reserves 1,7 1,2
Operating profit 220,6 253,1
Net financial income -13,2 -1,3
Other costs 0,0 0,0
Profit before changes in security reserve 0,0 0,0
Changes in security reserve 0,0 -1,1
Pre-tax profit 207,4 250,7
Tax expense -48,4 -68,7
Net profit/loss for the period 159,0 182,0
24. ODIN Forvaltning (Fund management)
24
Q1
MNOK 2016 2015
Management fees 79,5 83,9
Total operating income 79,5 83,9
Salaries -28,7 -30,3
Depreciations -3,2 -3,4
Other operating expenses -26,1 -29,3
Total operating expense -58,0 -63,0
Operating profit 21,5 21,0
Net financial income 0,9 0,8
Pre-tax profit 22,4 21,8
Tax expense -6,0 -5,8
Net profit/loss for the period 16,4 16,0