Welcome. Dan Houston. Chairman, President, and CEO
|
|
- Christine Black
- 6 years ago
- Views:
Transcription
1 Welcome Dan Houston Chairman, President, and CEO
2 Company Overview Our businesses Financial Group Retirement and Income Solutions (RIS) Global Investors International U.S. Insurance Solutions (USIS) Corporate Specialty Benefits RIS-Fee RIS-Spread Individual Life (SBD)
3 Company Overview Pre-tax operating earnings Risk (19%) Specialty Benefits Individual Life 11% 8% 26% Spread (17%) RIS-Spread 17% Pre-tax operating earnings 1 $2,150.6 million 22% Fee (64%) RIS-Fee Global Investors International 16% 1 Trailing twelve months as of 12/31/2017; excludes the impact of the 2017 actuarial assumption review; excludes Corporate
4 Company Overview The right active strategies drive strong flows and AUM growth Total Company Net Cash Flow ($ in Billions) $35 $30 $25 $20 $15 $10 $5 $122 billion in positive AUM net cash flow (2010 to 2017) AUM growth ($ in Billions) $ % CAGR $319 $
5 Company Overview U.S. retirement market still dominates Global pension market growth rates strong overall Estimated 5-year CAGR (local currency, through 2016) #1 (U.S.) #2-20 >10% China 22.4% South Korea 13.4% Ireland 11.3% India 11.0% Chile 10.2% 9 to 10% Mexico 9.9% Italy 9.8% South Africa 9.6% Australia 9.5% Canada 9.1% 8 to 9% Netherlands 8.1% U.S. 8.0% Hong Kong 8.0% Source: Global pension assets study 2017, Willis Towers Watson, Jan. 2017
6 Company Overview Emerging markets (E7) to surpass developed markets (G7) in U.S. China 2 China U.S. 3 Japan India Combined GDP in US $trillions Germany Indonesia 5 UK Japan 6 France Brazil 7 India Germany 8 Italy Mexico 9 Brazil UK 10 Canada Russia E 2050E G7: US, UK, France, Germany, Japan, Canada and Italy E7: China, India, Indonesia, Brazil, Russia, Mexico and Turkey Source: The Long View How will the global economic order change by 2050? PwC, February 2017.
7 Retirement & Income Solutions (RIS Fee) Total Retirement Suite SM Still a differentiator Defined Benefit #1 DB provider (by # of clients) Defined Contribution #4 DC plan recordkeeper (by # of plans) Employee Stock Ownership Plan #1 ESOP plan recordkeeper (by # of plans) Nonqualified Plans #1 Deferred Comp provider (by # of plans) All rankings sourced from PLANSPONSOR magazine as follows Defined Benefit: DB Administration Survey 05/17; Defined Contribution and ESOP: Recordkeeping Survey 06/17; Nonqualified Deferred Compensation: PLANSPONSOR Recordkeeping Survey 06/17
8 Retirement & Income Solutions (RIS Spread) The diversified customers we serve Pension Risk Transfer customers 266,000 lives diversified by age Individual Annuity customers 191,000 lives diversified by age Age 90+ 7% Below age 60 17% Age 90+ 9% Below age 60 10% Age % Age % Age % Age % Age % Age % As of 9/30/2017
9 U.S. Insurance Solutions: Specialty Benefits Insurance Balanced portfolio and above industry premium growth 4Q17 TTM Total Premium & Fees Group Group Benefits Benefits 83% 81% Group Life 25% Group Disability 28% Individual Disability 17% Dental/ Vision 47% 3 Year In-Force Premium Growth ( CAGR) 7.7% 8.1% 2.6% 1.7% Stable loss ratios Attractive margins Source: LIMRA Group Benefits The Individual DI Industry
10 U.S. Insurance Solutions: Individual Life Focus on the business market Solutions for businesses, business owners and key executives Business owners financial challenges Exiting the business Business transition Retaining key employees Retirement planning Solutions for key employees Retirement income Survivor income Business protection Individual 48% ER/NQ 25% BOES 27% 2017 Sales BOES = Business Owner/Executive Solutions ER/NQ = Employer/Non-qualified
11 Global Investors In-demand, specialist capabilities Real Estate -Private $52.9 Macro Currency Group $2.3 Aligned Investors $24.5 Global Equities $93.7 Real Estate - REITS $15.1 Columbus Circle Investors $5.6 Portfolio Strategies 1 Edge Asset Management $28.9 Global Investors $430.9 B Origin Asset Management $4.9 Global Fixed Income $96.4 Spectrum Asset Management $24.2 Post Advisory Group $16.8 Morley Financial Services $17.2 Finisterre Capital LLP $2.7 Real Estate - CMBS $8.2 Unique hybrid multi-boutique approach Distinct investment processes Leverage distribution Global institutional Global funds Integrated business processes Drive scale Share best practices Asset Allocation/Multi-Strategy Fixed Income Equity Alternatives AUM in billions, as of 12/31/ Portfolio Strategies allocates investment dollars across PGI boutiques and third-party managers.
12 Global Investors Top tier investment performance Morningstar rankings Percentage of funds in the top two quartiles 69% 76% 73% 71% 69% 86% 88% 83% 61% 42% of rated funds have 4 or 5 star rating 4 OR 5 STARS = 45 FUNDS 3 STARS 24 FUNDS 2 STARS 4 FUNDS 1 STAR 1 FUND 1-Year 3-Year 5-Year 12/31/ /30/ /31/2017 Represents the percentage of actively managed mutual funds, exchange traded funds (ETFs), insurance separate accounts, and collective investment trusts (CITs) in the top two Morningstar quartiles. Excludes Money Market, Stable Value, Liability Driven Investment (Short, Intermediate and Extended Duration), Hedge Fund Separate Account, & US Property Separate Account.
13 International Our locations We operate in emerging markets with a fast growing middle class China (2005) Asset Management, Mutual Funds AUM of $124.4B Financial CCB- a 25% owned joint venture with China Construction Bank Group Hong Kong (1996) Asset Management, Mutual Funds, Pensions Mexico (1993) AUM of $9.3B Wholly owned Annuities, Mutual Funds, Pensions, Asset Management AUM of $9.6B Wholly owned Chile (1995) Annuities, Mutual Funds, Asset Management, Mandatory Pensions, Voluntary Pensions AUM of $48.5B Wholly owned Cuprum a 98% majority owned company AUM of $41.2B Brazil (1999) Annuities, Pensions, Mutual Funds, Asset Management Brasilprev a 25% owned joint venture with Banco do Brasil AUM of $72.0B Claritas 100% owned mutual fund company AUM of $1.7B India (2000) Asset Management, Mutual Funds, Advisory Services AUM of $1.0B 79% majority owned company with Punjab National Bank Malaysia (2003) Conventional & Islamic Asset Management, Mutual Funds, Pensions AUM of $14.8B CIMB- 40% owned joint venture with CIMB Group; 50% owned Islamic company with CIMB Thailand (2010) Asset Management, Mutual Funds AUM of $3.2B Wholly owned subsidiary of Malaysian JV Indonesia (2007) Asset Management, Mutual Funds AUM of $0.6B Wholly owned subsidiary of Malaysian JV Singapore (2006) Asset Management AUM of $12.8M Wholly owned subsidiary of Malaysian JV 13 (Year) = entered country PI Sourced AUM as of 12/31/2017
14 International Notable achievements China Chile Brasilprev SE Asia Signed Strategic Cooperation Agreement with CCB for potential pension partnership in China Cuprum was recognized as the #1 AFP service provider 1 and as a top 100 most reputable company 2 Brasilprev captured 51% of industry net cash flows 3 and is #1 in total market share 4 Announced intent to increase our ownership from 40% to 60% in our asset management joint ventures in SE Asia with CIMB. 1 Ranking from Praxis consulting firm released in November 2016 received for 5 th consecutive recognition 2 Chile 100 Most Reputable Companies ranking by Merco 2016 ranking 3 Percent of P/VGBL industry net cash flows for full year Ranking is of market leadership in reserves of P/VGBL; Source: Fenaprevi, December 2016
15 Company Overview Increasing our global footprint through M&A Opportunity Year Announced Rationale INTERNOS 2017 Expand our real estate investment capabilities in Europe 2017 Strengthen position in Mexico Afore market by becoming the 5 th largest provider AXA Hong Kong Pension year exclusive distribution with 4,440 agents Gateway into China 2012 Complete offering in Chile with marquee pension and savings franchise 2012 Entry into Brazil mutual fund and asset management market 2011 Enhance global equity investment capabilities 2011 Establish leadership in emerging markets fixed income investing AFORE 2011 Solidify position as a leader in Mexican Afore market BrasilPrev year extension of successful JV with Banco do Brasil
16 Company Overview Capital deployment $ in millions $150 $50 55% of Net Income $287 $180 $100 77% of Net Income $375 $355 89% of Net Income $441 $40 $257 $94 65% of Net Income $465 $193 $180 68% of Net Income 1 $540 $200 $ Deployed $480 million Deployed $855 million Deployed $1.1 billion Deployed $856 million 2017 Deployed $913 million Common Stock Dividends Share Repurchases Strategic Acquisition Debt reduction Long term: expect to deploy percent of our net income with fluctuations in any given year 1 Excludes real estate transaction in 3Q17 and tax reform impacts in 4Q17
17 Thank you
Principal Financial Group
Credit Suisse Financial Services Forum February 2015 Principal Financial Group Terry Lillis Executive Vice President & Chief Financial Officer Use of Non GAAP Financial Measures A non GAAP financial measure
More informationPrincipal Financial Group. November 2017
Principal Financial Group November 2017 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or cash flows that includes adjustments
More informationThrough the Fourth Quarter Ended December 31, 2016 (unaudited) Financial Supplement
Through the Fourth Quarter Ended December 31, 2016 (unaudited) Financial Supplement Financial Reporting Structure PRINCIPAL FINANCIAL GROUP, INC. Retirement and Income Solutions Principal Global Investors
More informationKeys to Our Growth. JIM McCAUGHAN President Principal Global Investors. Top tier manager for retirement and other long term strategies
JIM McCAUGHAN President Principal Global Investors Keys to Our Growth Top tier manager for retirement and other long term strategies Serve all business of The Principal with suitable investment capabilities
More informationPrincipal Financial Group Third Quarter 2012 Earnings Call
Principal Financial Group Third Quarter 2012 Earnings Call October 26, 2012 USE OF NON-GAAP FINANCIAL MEASURES A non-gaap financial measure is a numerical measure of performance, financial position, or
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-K PRINCIPAL FINANCIAL GROUP, INC.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended OR TRANSITION
More informationJIM MCCAUGHAN PRINCIPAL GLOBAL INVESTORS
JIM MCCAUGHAN at a glance Principal Global Investors Assets Under Management $271B By Asset Class Equity $90 Real Estate $47 Fixed Income $134 Serve clients in over 60 countries, including several major
More informationPrincipal Financial Group Fourth Quarter 2014 Earnings Call
Principal Financial Group Fourth Quarter 2014 Earnings Call January 30, 2015 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or
More informationPrincipal Financial Group. Fourth Quarter 2017 Earnings Results January 29, 2018
Principal Financial Group Fourth Quarter 207 Earnings Results January 29, 208 Use of non-gaap financial measures A non-gaap financial measure is a numerical measure of performance, financial position,
More informationPrincipal Financial Group. Second Quarter 2017 Earnings Results July 27, 2017
Principal Financial Group Second Quarter 2017 Earnings Results July 27, 2017 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or
More information2018 Edelman Trust Barometer
2018 Edelman Trust Barometer Snapshot Australia #TrustBarometer Trust Index A World of Distrust Average trust in institutions, general population, 2017 vs. 2018 Global Trust Index remains at distruster
More informationFRANKLIN TEMPLETON INVESTMENTS. Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010
Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010 Forward-Looking Statements The financial results in this presentation are preliminary.
More informationAXA 2016 HALF YEAR EARNINGS. Press Conference. Paris - August 3, 2016
AXA 2016 HALF YEAR EARNINGS Press Conference Paris - August 3, 2016 Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of
More informationGlobal Select International Select International Select Hedged Emerging Market Select
International Exchange Traded Fund (ETF) Managed Strategies ETFs provide investors a liquid, transparent, and low-cost avenue to equities around the world. Our research has shown that individual country
More informationGlobal Construction 2030 Expo EDIFICA 2017 Santiago Chile. 4-6 October 2017
Global Construction 2030 Expo EDIFICA 2017 Santiago Chile 4-6 October 2017 Graham Robinson Global Construction Perspectives Global Construction 2030 is the fourth in a series of global studies of the construction
More informationGoldman Sachs U.S. Financial Services Conference Vikram Pandit
Goldman Sachs U.S. Financial Services Conference Vikram Pandit Chief Executive Officer December 6, 2011 Citigroup Market conditions remain challenging Industry is facing significant changes in the economic,
More informationDFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014
DFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds.
More informationAn FSE Listings Inc Article FSE Listings Inc- Frankfurt Stock Exchange Listings
FSE Listings How To Prepare Yourself For Listing On The Frankfurt Stock Exchange Author: Mark Bragg An FSE Listings Inc Article FSE Listings Inc- Frankfurt Stock Exchange Listings List your firm fast with
More informationDFA Global Equity Portfolio (Class F) Performance Report Q2 2017
DFA Global Equity Portfolio (Class F) Performance Report Q2 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationDFA Global Equity Portfolio (Class F) Performance Report Q3 2018
DFA Global Equity Portfolio (Class F) Performance Report Q3 2018 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationDFA Global Equity Portfolio (Class F) Performance Report Q4 2017
DFA Global Equity Portfolio (Class F) Performance Report Q4 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More information2018 CAPITAL GAINS DISTRIBUTION ESTIMATES
2018 CAPITAL GAINS DISTRIBUTION ESTIMATES Estimated amounts of upcoming capital gain distributions are shown below. Estimated distributions can change prior to the record date depending on current market
More informationQuarterly Investment Update First Quarter 2017
Quarterly Investment Update First Quarter 2017 Market Update: A Quarter in Review March 31, 2017 CANADIAN STOCKS INTERNATIONAL STOCKS Large Cap Small Cap Growth Value Large Cap Small Cap Growth Value Emerging
More informationDFA Global Equity Portfolio (Class F) Performance Report Q3 2015
DFA Global Equity Portfolio (Class F) Performance Report Q3 2015 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationOverview of retirement adequacy and impact of NPS
Overview of retirement adequacy and impact of NPS Anuradha Sriram 21 August 2015 Retirement adequacy - What is the issue? 2 We are a country of high savers Average annual savings as a percentage of income
More informationQuarterly Investment Update First Quarter 2018
Quarterly Investment Update First Quarter 2018 Dimensional Fund Advisors Canada ULC ( DFA Canada ) is not affiliated with [insert name of Advisor]. DFA Canada is a separate and distinct company. Market
More informationPrincipal Financial Group Second Quarter 2013 Earnings Call
Principal Financial Group Second Quarter 2013 Earnings Call July 26, 2013 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or cash
More information2018 Global Survey of Accounting Assumptions. for Defined Benefit Plans. Executive summary
2018 Global Survey of Accounting Assumptions for Defined Benefit Plans Executive summary Executive summary In broad terms, accounting standards aim to enable employers to approximate the cost of an employee
More informationPrincipal Asia Pacific High Dividend Equity Fund Grasp the Chance for Yielding Growth and Income! August 2018
Principal Prosperity Series Principal Asia Pacific High Dividend Equity Fund Grasp the Chance for Yielding Growth and Income! August 218 Important Notes 1. The Principal Asia Pacific High Dividend Equity
More informationPrincipal Financial Group Second Quarter 2014 Earnings Call
Principal Financial Group Second Quarter 2014 Call July 25, 2014 Use of Non-GAAP Financial Measures A non-gaap financial measure is a numerical measure of performance, financial position, or cash flows
More informationPrincipal Financial Group Fourth Quarter 2012 Earnings Call
Principal Financial Group Fourth Quarter 2012 Earnings Call February 1, 2013 USE OF NON-GAAP FINANCIAL MEASURES A non-gaap financial measure is a numerical measure of performance, financial position, or
More informationWorld s Best Investment Bank Awards 2018
Global Finance will publish its selections for the 19th Annual World s Best Investment Banks in the April 2018 issue. Winners will be honored at an awards ceremony in New York City in March, and all award
More informationMeeting the Global Retirement Challenge
Meeting the Global Retirement Challenge 2018 OECD/IOPS Global Forum on Private Pensions Beijing, China Sean McLaughlin Executive Vice President, Chief Strategy Officer Prudential of Korea Life Insurance
More informationHewitt Associates, Inc Robert W. Baird Business Solutions Conference
February 26, 2009 Hewitt Associates, Inc. 2009 Robert W. Baird Business Solutions Conference Forward-Looking Statements and Non-GAAP Financial Measures This presentation contains forward-looking statements
More informationAXA. Henri de Castries. Chairman & CEO. London - October 2, Sanford C. Bernstein Strategic Decisions Conference
AXA Henri de Castries Chairman & CEO London - October 2, 2013 Sanford C. Bernstein Strategic Decisions Conference Cautionary note concerning forward-looking statements Certain statements contained herein
More informationA short history of debt
A short history of debt In the words of the late Charles Kindleberger, debt/financial crises are a hardy perennial we have been here many times before. Over the past decade and a half the ratio of global
More informationIT ONLY TAKES ONE INDEX TO CAPTURE THE WORLD THE MODERN INDEX STRATEGY. msci.com
IT ONLY TAKES ONE INDEX TO CAPTURE THE WORLD THE MODERN INDEX STRATEGY msci.com MSCI DELIVERS THE MODERN INDEX STRATEGY The MSCI ACWI Index, MSCI s flagship global equity benchmark, is designed to represent
More informationDIVERSIFICATION. Diversification
Diversification Helps you capture what global markets offer Reduces risks that have no expected return May prevent you from missing opportunity Smooths out some of the bumps Helps take the guesswork out
More informationFinancial wealth of private households worldwide
Economic Research Financial wealth of private households worldwide Munich, October 217 Recovery in turbulent times Assets and liabilities of private households worldwide in EUR trillion and annualrate
More information2013 Global Survey of Accounting Assumptions. for Defined Benefit Plans. Executive Summary
2013 Global Survey of Accounting Assumptions for Defined Benefit Plans Executive Summary Executive Summary In broad terms, accounting standards aim to enable employers to approximate the cost of an employee
More information!!!1!!!!!!!!!!!!!!!!!!!!!!!!!!!!! The Association of Real Estate Funds & Property Funds Research
1 The Association of Real Estate Funds & Property Funds Research Global Real Estate Funds Review H1 216 Contents CONTENTS 2 EXECUTIVE SUMMARY 3 UNLISTED FUND UNIVERSE: OVERVIEW (EX FOF) 6 UNLISTED FUNDS
More informationExchange Traded Funds (ETFs): The New Packaged Product of Choice
Financial Institutions Profiles Series Exchange Traded Funds (ETFs): The New Packaged Product of Choice (Table of Contents) April 20, 2017 TABLE OF CONTENTS Evolution of the Exchange Traded Funds (ETFs)
More informationPRUDENTIAL FINANCIAL, INC. FOURTH QUARTER 2018
PRUDENTIAL FINANCIAL, INC. FOURTH QUARTER 2018 FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES Certain of the statements included in this presentation, including those under the headings Key Priorities
More informationPRINCIPAL FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: January 30, 2017 (Date of earliest
More informationREFORMING PENSION SYSTEMS: THE OECD EXPERIENCE
REFORMING PENSION SYSTEMS: THE OECD EXPERIENCE IX Forum Nacional de Seguro de Vida e Previdencia Privada 12 June 2018, São Paulo Jessica Mosher, Policy Analyst, Private Pensions Unit of the Financial Affairs
More informationAXA HALF YEAR 2016 EARNINGS. Presentation. August 3, 2016
AXA HALF YEAR 2016 EARNINGS Presentation August 3, 2016 Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate
More information2016 FULL YEAR EARNINGS
2016 FULL YEAR EARNINGS Press conference Paris 23 February 2017 Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate
More informationInvesco Indexing Investable Universe Methodology October 2017
Invesco Indexing Investable Universe Methodology October 2017 1 Invesco Indexing Investable Universe Methodology Table of Contents Introduction 3 General Approach 3 Country Selection 4 Region Classification
More informationEQUITY REPORTING & WITHHOLDING. Updated May 2016
EQUITY REPORTING & WITHHOLDING Updated May 2016 When you exercise stock options or have RSUs lapse, there may be tax implications in any country in which you worked for P&G during the period from the
More informationMMGPI 2016 Outcomes. Dr David Knox Senior Partner, Mercer
Editions 2016 Top 3 Rankings MMGPI 2016 Outcomes Dr David Knox Senior Partner, Mercer Every retirement system is different! Insurance Private Public Pensions DC Indexation Assets RETIREMENT INCOME SYSTEMS
More informationPRINCIPAL FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 26, 2017 (Date of earliest
More informationAXA. Henri de Castries. Chairman & CEO. September 18, Sanford C. Bernstein s 11 th Annual Pan- European Strategic Decisions Conference
AXA Henri de Castries Chairman & CEO September 18, 2014 Sanford C. Bernstein s 11 th Annual Pan- European Strategic Decisions Conference Cautionary note concerning forward-looking statements Certain statements
More informationFull Year 2017 Earnings. Press Conference February 22, 2018
Full Year 2017 Earnings Press Conference February 22, 2018 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein may be forward-looking
More informationWells Fargo Target Date Funds
All information is as of 9-30-17 unless otherwise indicated. Overview General fund information Portfolio managers: Kandarp Acharya, CFA, FRM; Christian Chan, CFA; and Petros Bocray, CFA, FRM Subadvisor:
More informationH S B C H O L D I N G S P L C HSBC HOLDINGS PLC THE CAPITAL REQUIREMENTS. (Country-by-Country Reporting) REGULATION 2013
HSBC HOLDINGS PLC THE CAPITAL REQUIREMENTS (Country-by-Country Reporting) REGULATION 2013 31 December 2015 This report has been prepared for HSBC Holdings plc and its subsidiaries (the HSBC Group ) to
More informationSan Francisco Retiree Health Care Trust Fund Education Materials on Public Equity
M E K E T A I N V E S T M E N T G R O U P 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 760 795 3450 fax 760 795 3445 www.meketagroup.com The Global Equity Opportunity Set MSCI All Country World 1 Index
More informationThe role of private pension in Homo-Hundred era
The role of private pension in Homo-Hundred era Many a little makes a mickle many a pixel makes a picture by Yvonne Sin Towers Watson 26 September 2013 Outline The retirement gap challenge The emerging
More information% 38, % 40, % 2,611 2,
3 DECEMBER 6 OPEN ENDED Number of Net Value of Number of Total Value Total Value Net New Date Authorised/Registered Schemes Registered of Sales of Repurchases Investment Schemes ( mn) Holders ( mn) ( mn)
More informationInternational Travel & Tourism Study (Published March 2005)
International Travel & Tourism Study (Published March 2005) Roy Morgan International conducts surveys in the US,, Australia, New Zealand and Indonesia on a continuous basis. Respondents are asked about
More information26 MAY Boustead Singapore Limited / Boustead Projects Limited Joint FY2015 Financial Results Presentation
26 MAY 2015 Boustead Singapore Limited / Boustead Projects Limited Joint FY2015 Financial Results Presentation Disclaimer This presentation contains certain statements that are not statements of historical
More informationCiti Financial Services Conference Vikram Pandit. March 9, 2011
Citi Financial Services Conference Vikram Pandit Chief Executive Officer March 9, 2011 Solid Foundation For Sustainable Growth Returned to profitability in 2010 Increased investments in Citicorp Continued
More informationAn Overview of World Goods and Services Trade
Appendix IV An Overview of World Goods and Services Trade An overview of the size and composition of U.S. and world trade is useful to provide perspective for the large U.S. trade and current account deficits
More informationBank of America Merrill Lynch The Future of Financials Conference. November 6, Citi Investor Relations
Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 6, 2018 Francisco Aristeguieta CEO, Citigroup Asia Pacific Agenda Franchise Overview Asia Institutional
More informationZurich. A global insurer
Zurich A global insurer Zurich is a leading multi-line insurer that serves its customers in global and local markets. With about 53,000 employees, it provides a wide range of property and casualty, and
More informationInvestor workshop. December 7, 2017
Investor workshop December 7, 2017 Welcome John Egan Vice President, Investor Relations Forward looking statements Certain statements made by the company which are not historical facts may be considered
More informationAXA FULL YEAR 2016 EARNINGS. Presentation. February 23, 2017
AXA FULL YEAR 2016 EARNINGS Presentation February 23, 2017 Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate
More informationA world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Australia s findings.
A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey Australia s findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for a fluid
More informationWells Fargo Target Date CITs E3
All information is as of 12-31-17 unless otherwise indicated. Overview General fund information Fund sponsor and manager: Wells Fargo Bank, N.A. Fund advisor: Wells Capital Management Inc. Portfolio manager:
More informationRetail Banking and Wealth Management
Retail Banking and Wealth Management Results and Strategy John Flint, Chief Executive, RBWM John Greene, Chief Financial Officer, RBWM March 2013 Forward-looking statements This presentation and subsequent
More informationHalf Year 2017 Earnings presentation. August 3, 2017
Half Year 2017 Earnings presentation August 3, 2017 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein may be forward-looking
More informationFinancial Stability (EX) Task Force
Financial Stability (EX) Task Force April 3, 2016 Monitoring Interest Rate Risk Low Interest Rate Study Update Larry Bruning FSA, MAAA Life Actuary NAIC 1 Low Interest Rate Study U.S. 713 Life Insurance
More informationBancassurance: Life, Non-Life and Creditor Insurance
Bancassurance: Life, Non-Life and Creditor Insurance Global Series Prospectus Finaccord, 2016 Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is the research? Which countries
More informationFirst ever quarter with over 200m Gross Profit
11 July 2018 and H1 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer First ever quarter with over 200m Gross Profit LSE: PAGE.L Website: http://www.page.com/investors
More informationCompagnie Financière Tradition
Compagnie Financière Tradition H1 2016 results presentation Zurich 1 September 2016 First semester activity in a stabilising market environment Results overview H1 2016 Performance Differentiation in revenue
More informationAs close as you need, as far as you go
As close as you need, as far as you go BBVA, a global group For more than 150 years our clients have been the centre of our business. Now as a highly solvent international financial group we offer clients
More informationA world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. The United States findings.
A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey The United States findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for
More informationSupplement. for the. Emerging Markets Equity Fund
Supplement for the Emerging Markets Equity Fund 16 November 2017 Principal Global Investors Funds This Supplement contains specific information in relation to the Emerging Markets Equity Fund (the "Fund"),
More informationNORTHERN TRUST GLOBAL INVESTMENTS
Investor Day 2005 Northern Trust Strategic Differentiation NORTHERN TRUST GLOBAL INVESTMENTS Terence J. Toth President Today s Agenda NTGI Strategic Profile Competitive Differentiators Market Position
More informationAXA. Jean-Laurent Granier. Chairman & CEO of AXA Global P&C CEO of the Mediterranean and Latin American Region Member of the Management Committee
AXA Jean-Laurent Granier Chairman & CEO of AXA Global P&C CEO of the Mediterranean and Latin American Region Member of the Management Committee March 27, 2014 Morgan Stanley European Financials Conference
More informationQuarterly Investment Update
Quarterly Investment Update Third Quarter 2017 Dimensional Fund Advisors Canada ULC ( DFA Canada ) is not affiliated with The CM Group DFA Canada is a separate and distinct company Market Update: A Quarter
More informationTravel Insurance and Assistance in the Asia-Pacific Region
Travel Insurance and Assistance in the Asia-Pacific Region Report Prospectus October 2013 Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is the research? What methodology
More informationRECENT EVOLUTION AND OUTLOOK OF THE MEXICAN ECONOMY BANCO DE MÉXICO OCTOBER 2003
OCTOBER 23 RECENT EVOLUTION AND OUTLOOK OF THE MEXICAN ECONOMY BANCO DE MÉXICO 2 RECENT DEVELOPMENTS OUTLOOK MEDIUM-TERM CHALLENGES 3 RECENT DEVELOPMENTS In tandem with the global economic cycle, the Mexican
More information2010 Results. Paris - March 2, 2011
2010 Results Paris - March 2, 2011 > Highlights of 2010 > Financial results > Strategy and outlook 2010 Results 2 2010: A Year of Acceleration Highlights of 2010 Revenue of 3,892m, up 19.1% Operating profit
More informationPRINCIPAL FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 27, 2017 (Date of earliest
More informationGold demand statistics
Gold demand statistics Table 2: Gold demand (tonnes) 2014 2015 Q2 14 Q3 14 Q4 14 Q2 15 Q3 15 Q4 15 Jewellery 2,482.0 2,397.5 589.5 591.5 686.0 596.9 513.7 623.7 663.2 481.9-19 Technology 348.5 333.8 86.6
More informationQuarterly Investment Update
Quarterly Investment Update Second Quarter 2017 Dimensional Fund Advisors Canada ULC ( DFA Canada ) is not affiliated with The CM Group DFA Canada is a separate and distinct company Market Update: A Quarter
More informationSAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 Certain statements contained herein that are not historical facts
ICR XCHANGE JANUARY 13, 2014 SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 Certain statements contained herein that are not historical facts constitute forward-looking
More informationSummit Strategies Group
October, 208 US Equity: All Cap Russell 000 Index -7.6 -.95 2.4 6.60.27 0.8.8.5 Dow Jones US Total Stock Market Index -7.4-4.04 2.9 6.56.24 0.76.75.6 US Equity: Large Cap Russell 000 Index -7.08 -.5 2.67
More informationReporting practices for domestic and total debt securities
Last updated: 27 November 2017 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on
More informationSummit Strategies Group
May, 208 US Equity: All Cap Russell 000 Index 2.82.4 2.55 5.06 0.72 2.85 2.6 9.2 Dow Jones US Total Stock Market Index 2.8.5 2.57 5.09 0.68 2.78 2.58 9.27 US Equity: Large Cap Russell 000 Index 2.55 0.57
More informationSummit Strategies Group
June 0, 208 US Equity: All Cap Russell 000 Index 0.65.89.22 4.78.58.29.0 0.2 Dow Jones US Total Stock Market Index 0.66.87.25 4.79.56.22 2.98 0.28 US Equity: Large Cap Russell 000 Index 0.65.57 2.85 4.54.64.7.2
More informationSummit Strategies Group
August, 208 US Equity: All Cap Russell 000 Index.5 7.65 0.9 20.25 5.86 4.25 5.50 0.89 Dow Jones US Total Stock Market Index.48 7.64 0.4 20.26 5.82 4.2 5.45 0.94 US Equity: Large Cap Russell 000 Index.45
More informationSummit Strategies Group
October, 208 US Equity: All Cap Russell 000 Index -7.6 -.95 2.4 6.60.27 0.8.8.5 Dow Jones US Total Stock Market Index -7.4-4.04 2.9 6.56.24 0.76.75.6 US Equity: Large Cap Russell 000 Index -7.08 -.5 2.67
More informationInsurance Asset Management
Insurance Asset Management January 2018 For Financial Intermediaries, Institutional and Consultant use only. Not for redistribution under any circumstances. Introducing Schroders: Delivering dedicated
More informationGlobal solutions. Local expertise.
Global solutions. Local expertise. Count on Sedgwick around the world Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. Our 21,000 colleagues,
More informationMethodology Calculating the insurance gap
Methodology Calculating the insurance gap Insurance penetration Methodology 3 Insurance Insurance Penetration Rank Rank Rank penetration penetration difference 2018 2012 change 2018 report 2012 report
More informationCorrigendum. OECD Pensions Outlook 2012 DOI: ISBN (print) ISBN (PDF) OECD 2012
OECD Pensions Outlook 2012 DOI: http://dx.doi.org/9789264169401-en ISBN 978-92-64-16939-5 (print) ISBN 978-92-64-16940-1 (PDF) OECD 2012 Corrigendum Page 21: Figure 1.1. Average annual real net investment
More informationContents. Introducing Global-KDIC KSP. Ⅱ Sharing KDIC s Experience. Lessons and Future Work
Contents Ⅰ Introducing Global-KDIC KSP Ⅱ Sharing KDIC s Experience Ⅲ Lessons and Future Work 2 Ⅰ. Introducing Global-KDIC KSP 3 Deposit Insurance System (DIS)? Deposit Insurance System (DIS) A system established
More informationSTOXX EMERGING MARKETS INDICES. UNDERSTANDA RULES-BA EMERGING MARK TRANSPARENT SIMPLE
STOXX Limited STOXX EMERGING MARKETS INDICES. EMERGING MARK RULES-BA TRANSPARENT UNDERSTANDA SIMPLE MARKET CLASSIF INTRODUCTION. Many investors are seeking to embrace emerging market investments, because
More information2015 MERCER BENEFITS ANALYSIS REVIEW
2015 MERCER BENEFITS ANALYSIS REVIEW Definitions Top Management (Top Mgt) Management (Mgt) Professionals (Prof) Staff (Staff) Employees with roles such as Head of rganization, Function Heads. Typical Career
More information