Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Economy & Markets > Stocks

British Carrier May Suspend Policyholder Bonus

Your article was successfully shared with the contacts you provided.

NU Online News Service, Jan. 6, 8:03 a.m. – Britannic Group P.L.C., Birmingham, United Kingdom, says its Britannic Assurance unit, a midsize British life insurer, may have to defer its 2002 policyholder bonus to cope with the effects of the stock market slump.

Britannic Group itself may not have enough cash to pay dividends to shareholders, the company warns.

The company has had about 72% of its “with profit” fund assets invested in stocks. The company recently cut the stock allocation to 42% to reduce exposure to market volatility.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.