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Dai-ichi Life Holdings Inc (8750.T)

8750.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Suncorp Enters Agreement With Dai-Ichi Life Australia For Insurance Business Sale
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Suncorp Group Ltd ::SUN REACHES AGREEMENT ON AUSTRALIAN LIFE BUSINESS.FY NET PROFIT AFTER TAX OF $1,059 MILLION.HAS ENTERED INTO A NON-BINDING HEADS OF AGREEMENT TO SELL ITS AUSTRALIAN LIFE INSURANCE BUSINESS TO TAL DAI-ICHI LIFE AUSTRALIA.DEAL FOR APPROXIMATELY $725 MILLION.SUNCORP ANTICIPATES RETURNING APPROXIMATELY $600 MILLION TO SHAREHOLDERS FOLLOWING COMPLETION OF TRANSACTION.COMPLETION OF TRANSACTION IS EXPECTED TO OCCUR BY 31 DECEMBER 2018.COMPLETION OF TRANSACTION IS EXPECTED TO RESULT IN AN AFTER TAX NON-CASH LOSS ON SALE IN FY19 OF ABOUT $880 MILLION.CONFIRMED ITS TARGET OF A CASH ROE OF 10% FOR FY19.WILL CONTINUE TO EARN INCOME ON DISTRIBUTION OF LIFE INSURANCE.ASSUMING COMPLETION BY 31 DECEMBER 2018, TRANSACTION IS EXPECTED TO BE MARGINALLY ACCRETIVE TO CASH RETURN ON EQUITY IN FY19.AGREEMENT INCLUDES 20-YEAR STRATEGIC ALLIANCE WITH TAL; UNDER ALLIANCE, CO TO CONTINUE TO EARN INCOME ON DISTRIBUTION OF LIFE INSURANCE.  Full Article

Dai-ichi Life Holdings to buy back up to 39 mln shares for up to 39 bln yen
Tuesday, 15 May 2018 

May 15 (Reuters) - Dai-ichi Life Holdings Inc <8750.T>:Says it plans to buy back up to 39 million shares (representing 3.3 percent of outstanding) of its common stock, for up to 39 billion yen .Says repurchase period from May 16 to March 31, 2019 .  Full Article

Protective Enters Agreement To Reinsure Liberty Life, Annuity Business
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Protective Life Corporation: :PROTECTIVE ENTERS AGREEMENT TO REINSURE LIBERTY LIFE AND ANNUITY BUSINESS.PROTECTIVE LIFE CORPORATION SAYS HAS REACHED AN AGREEMENT WITH LINCOLN FINANCIAL GROUP.PROTECTIVE LIFE CORPORATION SAYS TRANSACTION REPRESENTS CAPITAL INVESTMENT BY PROTECTIVE OF ABOUT $1.17 BILLION.PROTECTIVE LIFE CORP- TO BUY VIA REINSURANCE SUBSTANTIALLY ALL OF INDIVIDUAL LIFE & ANNUITY BUSINESS OF LIBERTY LIFE ASSURANCE COMPANY OF BOSTON.PROTECTIVE LIFE CORP- ‍REINSURANCE TRANSACTION WILL CLOSE IN CONJUNCTION WITH LINCOLN'S ACQUISITION OF LIBERTY LIFE FROM AFFILIATES OF LIBERTY GROUP INC​.  Full Article

Janus Capital Group Inc, Henderson Group agree to merge
Monday, 3 Oct 2016 

Janus Capital Group : Janus Capital Group Inc. and Henderson Group Plc announce recommended merger of equals . Merger will be effected via a share exchange with each share of Janus common stock exchanged for 4.7190 newly issued shares in Henderson . Combined group, Janus Henderson Global Investors Plc, will have AUM of more than $320 billion . Henderson and Janus shareholders are expected to own approximately 57 pct and 43 pct respectively . Deal to result in annual run rate net cost synergies of at least $110 million . Combined group will apply for admission to trade on NYSE as its primary listing, retaining Henderson`s existing listing on ASX . Merger is currently expected to close in Q2 of 2017, . Synergies expected to drive double digit accretion to both companies` earnings per share in first 12 months following closing . Henderson directors consider merger to be in best interests of Henderson and Henderson shareholders as a whole . Co was advised by unit of Loeb Partners Corp and Skadden, Arps, Slate, Meagher And Flom Llp and affiliates. . Board of Janus Henderson Global Investors is expected to continue to operate a progressive dividend policy . 25 million stg share buyback of Henderson shares, scheduled to take place in second half of 2016, will no longer take place . Janus` largest shareholder, Dai-Ichi Life (Dai-Ichi), has committed to supporting merger.  Full Article

Henderson CEO says merger with Janus means businesses can grow faster
Monday, 3 Oct 2016 

Henderson Global Investors : Ceo andrew formica says of merger with janus "there is overlap in both our businesses...potential for businesses to grow even faster" . Ceo andrew formica says janus henderson global investors will have london hq, but maintaining third listing in london "doesn't make sense" .Ceo andrew formica says merger talks started at beginning of year, not affected by brexit vote.  Full Article

R&I's withdraws rating on Dai-ichi Life Insurance
Friday, 30 Sep 2016 

Dai-ichi Life Insurance Co Ltd <8750.T> :Rating and Investment Information, Inc.'s withdrew the rating on the company of "A+" – R&I.  Full Article

Dai-ichi buys Suncorp's life unit, as Australian firms exit insurance sector

SYDNEY/TOKYO Australia's Suncorp Group is selling its life insurance division to Dai-ichi Life Holdings for $540 million, making the Japanese firm Australia's biggest in a sector that domestic companies are scrambling to quit.