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Folksam Liv sees business growth slow after 59% surge in premiums

first_imgSwedish life and pensions provider Folksam Liv reported rapid growth in premiums in the first half of this year, rising 59% to SEK8.94bn (€939m) from SEK5.60bn in the same period last year, but warned that growth would stall in the second half.In its interim report for January to June 2015, Folksam said the continued strong growth was due to a high level of interest in its traditional life insurance, which it said carried good conditions for policyholders.Jens Henriksson, deputy director and group head of Folksam Liv, said: “Folksam Liv is expected to have lower growth in the rest of the year, compared with the first half.”This was because it had made changes to its traditional life insurance pension product and stopped selling the mortgage and insurance product Senior Capital, he said. On July 1, the guarantee level for the company’s traditional pensions was cut, with the return promise applying to only 85% of contributions after that date compared with 95% before.Folksam said most customers had accepted the new conditions and carried on with their pension savings, but that the changes were expected to result in a slowdown in growth in the autumn.Folksam Liv’s return for January to June fell to 3.7% from 5.3% in the same period last year.The solvency level rose to 162% at the end of June from 155% at the end of December, and total assets grew to SEK165.6bn from SEK156.2bn at the end of last year.Meanwhile, local government sector pension fund KPA Pension, which is 60% owned by Folksam and 40% owned by the Swedish Association of Local Authorities and Regions (SKL), reported a 4.0% return from January to June, down from 6.0% in the same period the year before.Premiums grew in the first half to SEK10.2bn from SEK8.8bn, the fund said.KPA Pension said it had won several pensions contracts in the first half, including contracts from municipalities of the city of Stockholm and of East Gotland.Assets under management grew to SEK134.6bn at the end of June from SEK116.7bn.last_img read more

Hendra home sells under hammer for 18 times what it was bought for in 1984

first_imgThe home at 12 Rous St, Hendra, sold for $900,000 at auction.Ray White Albion’s Jon Finney said the vendors inherited the home at 12 Rous St, Hendra from their mother, who paid $50,0000 for it in 1984, according to CoreLogic data. Bidding at the property also started at $650,000 and Mr Finney said it “progressed very quickly in $50,000 leaps” before gavel was stuck down at $900,000. “It was sold to a young couple who will renovate,” Mr Finney said.“He’s a young builder (and) it will no doubt turn into something special.” It sits on a massive 911sq m block.They then rose in $100,000 increments until reaching the $3,500,000 mark, when two more bids of $50,000 were made and bidding stalled.After consultation with the vendor, the home sold under the hammer for $3,700,000. The home at 12 Rous St, Hendra, sold for 18 times what it was bought for in the 80s.A HOME in Brisbane’s north has sold at auction yesterday for a staggering 18 times what it was purchased for in 1984.About 50 people watched on as bidders battled it out for the 88-year-old Queenslander yesterday morning. One of the bedrooms at 42 Beeston St, Teneriffe.Mr Lancashire said the new owners were a family who had only viewed the property two days prior to auction.“They are a beautiful, young, professional family who are local,” Mr Lancashire said.“They were looking at the potential of renovating their current home, but as they’re both busy professionals they found this property had a lot of the things they wanted and moved heaven and earth to make it happen.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 10:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -10:02 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenJune, 2018: Liz Tilley talks prestige property10:02center_img With a lick of paint, the home at 12 Rous St will be as good as new.Mr Finney said the home had once belonged to horse trainer Doug Bougoure, who had a stable out the back and housed his jockey’s in the property.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus17 hours ago“I’m told by the owner’s daughter that her mum was a keen horse woman, so I can imagine she would have been very happy to have lived here,” Mr Finney said. The home at 42 Beeston St, Teneriffe, sold for $3,700,000.Meanwhile at Teneriffe, two bidders battled for the contemporary home at 42 Beeston St.The property was rare for inner-city Brisbane as it sat on a massive 911sq m block, which backed onto Teneriffe Park.Ray White New Farm principal Matt Lancashire said about 35 spectators turned out to watch the action, with two of the three registered bidders participating in active bidding.Bidding opened at a staggering $3,000,000 for the two-level residence, which had an internal area of 524sq m.last_img read more

Tennis News Novak Djokovic withdraws from Montreal Rogers Cup, Rafael Nadal becomes top seed

first_img Montreal: Wimbledon champion and world number one Novak Djokovic has withdrawn from next month’s US Open hardcourt tuneup event in Montreal, saying he needs more rest after capturing his 16th Grand Slam singles crown. The 32-year-old Serbian, who outlasted Roger Federer in an epic All-England Club final earlier this month, was joined by Argentina’s 12th-ranked Juan Martin Del Potro in pulling out of the ATP Masters Canada tournament. “I’m sorry to announce that I decided to pull out of Rogers Cup,” Djokovic said in a statement released by Tennis Canada.      “With the support of my team, I have decided to give my body longer rest and recovery time before coming back again to play. “I love Canada and I have many friends there that always make me feel like I’m at home and I’m looking forward to coming back again to play in front of all of you in Montreal.”Also Read | ‘Crowd chants Roger, I hear Novak’ – Novak Djokovic after winning Wimbledon title for the fifth time   Djokovic’s withdrawal means Spanish star Rafael Nadal, an 18-time Grand Slam singles champion, will be the top seed in Montreal when the main draw begins August 5. Nadal has captured the Canadian crown four times, most recently last year by defeating Stefanos Tsitsipas in the final.Also Read | Novak Djokovic saves two match points, beats Roger Federer in final to clinch fifth Wimbledon title    Djokovic has won the Canadian event that alternates between Toronto and Montreal four times, twice in each city — Toronto in 2012 and 2016 and Montreal in 2007 and 2011. He was ousted last year in Toronto by Greek star Tsitsipas in the third round.    “We would have loved for Djokovic to have the chance to be crowned champion for the third time in Montreal, but we understand his decision and we wish him a quick return for the rest of the season,” Montreal tournament director Eugene Lapierre said.    Del Potro was injured last month at Queen’s and underwent right knee patella surgery and is undergoing rehabilitation for the setback. “In del Potro’s case, we wish him a speedy recovery, he who has experienced his share of injuries in the past few years,” Lapierre said. “We look forward to seeing him back on the court in the near future.” World number three Federer said after his Wimbledon final loss that he too intended to skip Montreal.    Frenchman Richard Gasquet and Mikhail Kukushkin of Kazakhstan will take the two available spots in the Montreal main draw as a result of the withdrawals by Djokovic and Del Potro. Novak Djokovic won his 16th Grand Slam title.Djokovic defeated Roger Federer for his fifth Wimbledon title.Rafael Nadal is the top seed for the Rogers Cup. highlightscenter_img For all the Latest Sports News News, Tennis News News, Download News Nation Android and iOS Mobile Apps.last_img read more

NBA wrap: 76ers top Bucks despite Giannis Antetokounmpo’s 52 points

first_imgGiannis Antetokounmpo put on an impressive offensive performance Sunday, but the Bucks fell to the 76ers 130-125.Antetokounmpo filled it up, tallying 52 points, 16 rebounds and seven assists against the opposition. But Philadelphia had an abundance of scoring as well. Giannis and Ben Simmons trade BIG SLAMS late as the @sixers top MIL on the road! #HereTheyCome pic.twitter.com/6UrP9vT1eO— NBA (@NBA) March 17, 2019Lou Williams was calm, cool and collected when he iced the Nets with this game-winning 3-pointer.MR. CLUTCH@TeamLou23 | #ClipperNation pic.twitter.com/O4nl6KXeiR— LA Clippers (@LAClippers) March 18, 2019What’s Next?Nuggets (46-22) at Celtics (43-27) 7:30 p.m. ET — Denver enters Monday riding a three-game winning streak and is second in the Western Conference standings. Boston has won two straight since being dominated by the Clippers earlier in the week. But the Nuggets could struggle, as they are just .500 on the road. Joel Embiid guarded Antetokounmpo for portions of the contest, but couldn’t contain him. However, he did manage to score 40 points and collect 15 rebounds of his own.Jimmy Butler had his best scoring night since Feb. 2, pouring in 27 points on 8-of-16 shooting. Related News Malcolm Brogdon injury update: Bucks G out indefinitely with torn plantar fascia in footcenter_img Four members of Antetokounmpo’s supporting cast reached double-digits in points in the absence of Malcolm Brogdon, who is recovering from a foot injury.Philadelphia extended its winning streak to four games against the best team in the Eastern Conference. The Bucks (52-18) will have an opportunity to re-establish their footing against the Lakers on Tuesday.Studs of the NightNikola Vucevic posted 27 points and 20 rebounds in Orlando’s 101-91 victory against the Hawks.Kawhi Leonard’s 33 points and 10 rebounds weren’t enough, as Toronto fell to Detroit 110-107.D’Angelo Russell totaled 32 points and 10 assists, but Brooklyn lost a thriller to the Clippers 119-116.Duds of the NightJosh Richardson scored seven points on horrendous 2-of-17 shooting, but the Heat topped the Hornets 93-75.Tyus Jones scored was held scoreless on 0-of-6 shooting in the Timberwolves’ 117-102 loss to the Rockets.HighlightsWillie Cauley-Stein hammered an alley-oop pass home for a slam in the Kings’ 129-102 thrashing of the Bulls.Willie Cauley-Stein gets it back from Bjelica! #SacramentoProud💻📱: https://t.co/cb8TXyNer6 pic.twitter.com/T5eiKZuqfU— NBA (@NBA) March 17, 2019Ben Simmons and Giannis Antetokounmpo exchanged momentous dunks down the stretch in Philadelphia’s victory. WATCH: 76ers’ Mike Scott crashes into stands, takes sip of Bucks fan’s drinklast_img read more