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United Kingdom

Liberty Holdings Ltd (LBHJ.J)

LBHJ.J on Johannesburg Stock Exchange

10,660.00ZAc
2:02pm GMT
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Latest Key Developments (Source: Significant Developments)

Liberty Holdings Says New Business Volumes For 9 Months Remain Depressed, Consistent With H1
Friday, 23 Nov 2018 

Nov 23 (Reuters) - Liberty Holdings Ltd ::FOR 9 MONTH PERIOD NEW BUSINESS VOLUMES, PARTICULARLY RISK BUSINESS, REMAIN DEPRESSED, CONSISTENT WITH FIRST HALF OF 2018.9 MONTH PERIOD, IN STANLIB SOUTH AFRICA BUSINESS, AUM AMOUNTED TO R564 BILLION COMPARED TO R556 BILLION AT 31 DECEMBER 2017.INTENSE FOCUS ON ADDRESSING MIX OF NEW BUSINESS VOLUMES & MARGIN ACROSS ALL BUSINESS LINES IS ONGOING.VOLATILE FINANCIAL MARKET CONDITIONS HAVE NEGATIVELY IMPACTED RETURNS FROM SHAREHOLDER INVESTMENT PORTFOLIO FOR 9 MONTH PERIOD.EXPECT ECONOMIC, OPERATING CONDITIONS TO REMAIN SUBDUED FOR REMAINDER OF YEAR.CHALLENGING CONSUMER ENVIRONMENT AND PRESSURE ON SALES VOLUMES COULD CONTINUE THROUGH TO 2019.GROUP REMAINS WELL CAPITALISED & CAPITAL COVERAGE IS WITHIN TARGET RANGE IN RESPECT OF SOLVENCY ASSESSMENT & MANAGEMENT REGIME.FOCUS ON COST MANAGEMENT WILL CONTINUE.  Full Article

Liberty Holdings Reports HY Normalized HEPS Of 482 Cents
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Liberty Holdings Ltd ::TOTAL GROUP ASSETS UNDER MANAGEMENT AMOUNTED TO R719 BILLION AT HY-END (31 DECEMBER 2017: R720 BILLION).HY GROUP LONG-TERM INSURANCE NET CUSTOMER CASH INFLOWS R262 MILLION IN CONTRAST TO PRIOR PERIOD OUTFLOWS OF R665 MILLION.HY NORMALIZED HEPS OF 482,0 CENTS.BOARD HAS APPROVED AND DECLARED A GROSS INTERIM DIVIDEND OF 276 CENTS PER ORDINARY SHARE.EXPECT ECONOMIC,OPERATING ENVIRONMENT TO REMAIN SUBDUED FOR YEAR,SUGGESTING PRESSURE ON SALES VOLUMES COULD CONTINUE IN SHORT TERM.HY INDEXED NEW BUSINESS SALES OF R3 111 MILLION WERE 3PCT DOWN.CAPITAL ADEQUACY RATIO OF MAIN LONG-TERM INSURANCE LICENCE, LIBERTY GROUP LTD WAS AT 2,67 TIMES REGULATORY MINIMUM AT 30 JUNE.WEAK INVESTMENT MARKETS DETRACTED FROM SHAREHOLDER INVESTMENT PORTFOLIO (SIP) EARNINGS IN HY.  Full Article

Liberty Says Well Capitalised At Upper End Of Target Range In Respect Of Current Capital Regime
Friday, 18 May 2018 

May 18 (Reuters) - Liberty Holdings Ltd ::REMAINS WELL CAPITALISED AT UPPER END OF ITS TARGET RANGE IN RESPECT OF CURRENT CAPITAL REGIME.IMPENDING SOLVENCY ASSESSMENT AND MANAGEMENT (SAM) REGIME IS EXPECTED TO BECOME EFFECTIVE FROM 1 JULY 2018.GROUP'S CAPITAL COVERAGE UNDER SAM IS WELL WITHIN ITS TARGET RANGE.RETAIL INSURANCE OPERATIONS INDEXED NEW BUSINESS OF R1 503 MILLION WAS 3% DOWN COMPARED TO THREE MONTHS TO 31 MARCH 2017.LIBERTY CORPORATE INDEXED NEW BUSINESS INCREASED TO R171 MILLION IN QUARTER FROM R129 MILLION IN COMPARATIVE PERIOD.  Full Article

Liberty Holdings Announces Resignation Of Group Financial Director
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Liberty Holdings Ltd ::‍ADVISED OF RESIGNATION OF GROUP FINANCIAL DIRECTOR, MR CASPER TROSKIE​.‍RESIGNATION IS WITH IMMEDIATE EFFECT BUT IS SUBJECT TO CONTRACTUAL 3 MONTH NOTICE PERIOD DURING WHICH TIME TROSKIE WILL BE AVAILABLE TO LIBERTY.  Full Article

Liberty holdings says in 9-months group long-term insurance indexed new business grew by 6 pct​
Friday, 24 Nov 2017 

Nov 24 (Reuters) - LIBERTY HOLDINGS LTD ::‍IN NINE MONTHS, GROUP LONG-TERM INSURANCE INDEXED NEW BUSINESS GREW BY 6% COMPARED TO NINE MONTH PERIOD TO 30 SEPTEMBER 2016​.‍HEIGHTENED POLITICAL AND ECONOMIC UNCERTAINTY SAW CONTINUED FLOWS INTO GUARANTEED PRODUCTS IN NINE MONTHS TO SEPT. 30 ​.‍IN NINE MONTHS TO SEPT. 30, ASSETS UNDER MANAGEMENT AMOUNTED TO R708 BILLION (31 DECEMBER 2016: R676 BILLION)​."‍OPERATING CONDITIONS ARE EXPECTED TO REMAIN CHALLENGING IN LIGHT OF POOR OUTLOOK FOR ECONOMIC GROWTH​".IN 9 MONTHS TO SEPT. 30, UNCERTAINITIES "‍MANIFESTED IN WEAKER BUSINESS MIX FROM MARGIN PERSPECTIVE,LOWER VALUE OF NEW BUSINESS IN SA RETAIL".  Full Article

South Africa's Liberty begins consultations on possible job cuts

JOHANNESBURG, Oct 3 South African Insurer Liberty Holdings is considering job cuts as part of a wider restructuring of its business, the company said on Wednesday.