Edition:
United Kingdom

Dai-ichi Life Holdings Inc (8750.T)

8750.T on Tokyo Stock Exchange

2,420JPY
25 Sep 2018
Change (% chg)

¥-3 (-0.12%)
Prev Close
¥2,422
Open
¥2,400
Day's High
¥2,432
Day's Low
¥2,390
Volume
5,983,600
Avg. Vol
4,799,298
52-wk High
¥2,514
52-wk Low
¥1,854

Latest Key Developments (Source: Significant Developments)

Dai-ichi Life Holdings buys back 2.2 mln shares for 4.5 bln yen
Monday, 3 Sep 2018 

Sept 3(Reuters) - Dai-ichi Life Holdings Inc <8750.T>:Says it bought back 2.2 million shares for 4.5 billion yen in total, from Aug. 13 to Aug. 31.Says this was part of the share repurchase plan announced on May 15.  Full Article

Suncorp Enters Agreement With Dai-Ichi Life Australia For Insurance Business Sale
Wednesday, 8 Aug 2018 

Aug 9 (Reuters) - Suncorp Group Ltd ::SUN REACHES AGREEMENT ON AUSTRALIAN LIFE BUSINESS.FY NET PROFIT AFTER TAX OF $1,059 MILLION.HAS ENTERED INTO A NON-BINDING HEADS OF AGREEMENT TO SELL ITS AUSTRALIAN LIFE INSURANCE BUSINESS TO TAL DAI-ICHI LIFE AUSTRALIA.DEAL FOR APPROXIMATELY $725 MILLION.SUNCORP ANTICIPATES RETURNING APPROXIMATELY $600 MILLION TO SHAREHOLDERS FOLLOWING COMPLETION OF TRANSACTION.COMPLETION OF TRANSACTION IS EXPECTED TO OCCUR BY 31 DECEMBER 2018.COMPLETION OF TRANSACTION IS EXPECTED TO RESULT IN AN AFTER TAX NON-CASH LOSS ON SALE IN FY19 OF ABOUT $880 MILLION.CONFIRMED ITS TARGET OF A CASH ROE OF 10% FOR FY19.WILL CONTINUE TO EARN INCOME ON DISTRIBUTION OF LIFE INSURANCE.ASSUMING COMPLETION BY 31 DECEMBER 2018, TRANSACTION IS EXPECTED TO BE MARGINALLY ACCRETIVE TO CASH RETURN ON EQUITY IN FY19.AGREEMENT INCLUDES 20-YEAR STRATEGIC ALLIANCE WITH TAL; UNDER ALLIANCE, CO TO CONTINUE TO EARN INCOME ON DISTRIBUTION OF LIFE INSURANCE.  Full Article

Dai-ichi Life Holdings to buy back up to 39 mln shares for up to 39 bln yen
Tuesday, 15 May 2018 

May 15 (Reuters) - Dai-ichi Life Holdings Inc <8750.T>:Says it plans to buy back up to 39 million shares (representing 3.3 percent of outstanding) of its common stock, for up to 39 billion yen .Says repurchase period from May 16 to March 31, 2019 .  Full Article

Protective Enters Agreement To Reinsure Liberty Life, Annuity Business
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Protective Life Corporation: :PROTECTIVE ENTERS AGREEMENT TO REINSURE LIBERTY LIFE AND ANNUITY BUSINESS.PROTECTIVE LIFE CORPORATION SAYS HAS REACHED AN AGREEMENT WITH LINCOLN FINANCIAL GROUP.PROTECTIVE LIFE CORPORATION SAYS TRANSACTION REPRESENTS CAPITAL INVESTMENT BY PROTECTIVE OF ABOUT $1.17 BILLION.PROTECTIVE LIFE CORP- TO BUY VIA REINSURANCE SUBSTANTIALLY ALL OF INDIVIDUAL LIFE & ANNUITY BUSINESS OF LIBERTY LIFE ASSURANCE COMPANY OF BOSTON.PROTECTIVE LIFE CORP- ‍REINSURANCE TRANSACTION WILL CLOSE IN CONJUNCTION WITH LINCOLN'S ACQUISITION OF LIBERTY LIFE FROM AFFILIATES OF LIBERTY GROUP INC​.  Full Article

Some of Australia's largest insurers may have broken laws: inquiry

SYDNEY Some of the largest insurers in Australia, including the local units of multinationals, may have broken laws - some of which carry criminal penalties - a government-backed inquiry into financial sector conduct heard on Friday.