Premiums and mutual fund deposits up 6% in Q3
Economic turmoil hits insurer’s bottom line
Asset manager focused on cost control as assets fall sharply
Swiss banking giant issues warning on fourth quarter
Total assets up 20% from a year ago
Insurer reports growth in all lines of business, across all regions of the country
Seamark Asset Management Ltd. announced Friday that it is suspending its quarterly dividend after its profit fell by 50% in the third quarter.Net earnings for the quarter ended Sept. 30 were, $300,000, 3¢ a share. That compared with $641,000, or 6¢ a share in the year-ago period.Total revenue fell to $2.5 billion during the quarter […]
Market slide cuts AUM
Premiums and deposits up 11% over last year
Insurer takes charges for asset impairment