Eric Berg News
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Prudential Financial Inc., the second- largest U.S. life insurer, gained the most since 2011 as profit beat estimates, fueled by results outside the U.S.
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Royal Bank of Canada, the country’s largest lender, hired Eric Berg , formerly of Barclays Plc, to lead coverage of U.S. life insurance stocks.
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Aflac Inc., the largest seller of supplemental health insurance, fell the most since 2011 after forecasting profit that fell short of analysts’ estimates.
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MetLife Inc., the largest U.S. life insurer, fell the most in two months after fourth-quarter profit declined 87 percent on costs tied to lower interest rates and annuities.
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Principal Financial Group Inc., the insurer that last month agreed to buy a Chilean pension provider, fell the most in the KBW Insurance Index after giving a 2013 outlook that fell short of some estimates.
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Aflac Inc., the largest seller of supplemental health insurance, is expanding a program to favor U.S. corporate bonds over Japanese government debt in an effort to increase investment yield.
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Genworth Financial Inc. , the mortgage guarantor and life insurer, reported a profit for a fourth straight quarter as results improved in its business backing home loans.
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BlackRock Inc., seeking to reverse withdrawals from active funds and boost assets as its acquisition spree ends, is expanding top leadership and shaking up its investment unit in the most sweeping overhaul since it became the world’s largest asset manager.
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Prudential Financial Inc., the second-largest U.S. life insurer, swung to a loss in the third quarter as derivatives weighed on results.
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Prudential Financial Inc. has a greater chance of using its cash hoard for an acquisition after two of the insurer’s biggest rivals announced their own deals, Chief Executive Officer John Strangfeld said.
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