TORONTO – Canada’s financial regulator said on Monday it could allow institutions to pay special non-recurring dividends under “exceptional circumstances,” even as it maintains a March moratorium on broader dividend increases and share buybacks. The Office of the Superintendent of …
The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17%-23% this year or what could be as much $400 billion, a new report has shown, although sectors such as tech are fighting the trend. Global dividend …
Some global regulators are advising insurers to suspend dividend payments in response to the COVID-19 pandemic. If insurers do, they won’t have to worry about their credit quality, S&P Global Ratings said in a recent report. “Insurers’ decision to curb …
Pinnacol Assurance announced it is distributing general dividend checks to its customers totaling $70 million. This is the fifth straight year Colorado’s largest workers’ compensation provider has distributed dividends. Most (95%) of Pinnacol’s policyholders are eligible to receive a dividend, …
FCCI Insurance Group reported it has awarded a dividend based on favorable results for its Contractors Select program with Associated Builders and Contractors (ABC) of Indiana/Kentucky. The program is designed to reward ABC of Indiana/Kentucky member policyholders with a record …
Pinnacol Assurance announced on Monday it is distributing general dividend checks to its customers totaling $70 million. Pinnacol also recently lowered its rates by 10 percent on average. Both the dividend and the rate decrease marked the fourth consecutive year …
AXA SA, France’s largest insurer, will pay higher dividends to shareholders because of its “robust” capital levels under solvency rules which are coming into effect in January. AXA plans dividend payouts of 45 percent to 55 percent of its adjusted …
Expectations of rising dividends and share buybacks from Europe’s insurance companies are fading as ultra low interest rates make it harder for them to meet new capital regulations. Rock-bottom interest rates reduce insurers’ investment returns, raising the risk of them …
Europe’s insurers are preparing to boost dividends to the highest of any industry except utilities, making use of expanding surplus capital to offer investors an alternative to record low interest earnings from bonds. Companies including Allianz SE, Europe’s biggest insurer, …
Texas Mutual Insurance Co. recently paid a dividend of $163,691 to the Texas Recreation Safety Group, bringing the total dividend payout for this group to $1,160,945 since 2009. The dividends earned are based largely on the group members’ dedication to …
