Tag: financial

Tokio Marine Holdings outlines financial results

Tokio Marine Holdings outlines financial results | Insurance Business America

All business segments post lower net income

Tokio Marine Holdings outlines financial results

Insurance News

Terry Gangcuangco

Tokio Marine Holdings has published its financial results for the year ended March 31, 2023 (fiscal year 2022).




Ordinary income

¥6.6 trillion

¥5.9 trillion

Ordinary profit

¥503.9 billion

¥567.4 billion

Net income attributable to owners of the parent

¥376.4 billion

¥420.5 billion


Highlighting the company’s efforts to expand its domestic and overseas operations, Tokio Marine reported an underwriting income of ¥5.6 trillion and investment income of ¥875.4 billion.

Across the board, however, all three segments – domestic non-life, domestic life, and international insurance – posted decreases in ordinary profit and net income attributable to owners of the parent.

Moving forward, Tokio Marine is expecting an improved set of numbers.

“The company’s consolidated business forecasts for the fiscal year 2023 are ¥750 billion for ordinary profit and ¥530 billion yen for net income attributable to owners of the parent,” Tokio Marine said. The forecasts are based on the following assumptions:

“Net premiums written and life insurance premiums are projected to be ¥4.6 trillion and ¥1 trillion, respectively. Net incurred losses related to natural catastrophes occurring during the period are projected to be ¥76 billion in Japan and ¥68 billion yen outside Japan.”

The insurance group is also not expecting significant changes in interest rates, stock market conditions, and exchange rates in FY23.

What do you think about Tokio Marine’s

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Business Cents Episode 9: How To Interpret Financial News & Why It’s Important

Welcome to Business Cents, the student focused show that focuses on money, issues related to money and how money works in our lives, hosted by MSU Denver professors Laurel Lane and Jessica Mace. Although discussions and lessons will be important to people studying Business, they will involve building blocks that can be applied to a wide range of fields and jobs.

This episode we expand on what we talked about last week regarding banks and explore some recent real life events that have happened in the news pertaining to them. Today, we talk about the recent collapse of SVB and Signature banks, the collapse of Lehman Brothers and the housing crisis of 2008, the recent moves in inflation and interest rates, and what that means if the economy goes into recession. 

Show Notes:

Things we learned about Interpreting Financial news:

  1. Financial news stories can have a lot of relevance to everyday our lives even if we a) don’t use the financial institution in question or b) believe we partake in the affected industry (eg “venture capital” for a large portion of SVB’s client base)
  2. Even if financial news stories sound intimidating, sometimes it’s just a matter of vocabulary to help us understand a situation and use that knowledge to make informed decisions
  3. Some specifics regarding the three situations we covered:
    • FDIC insurance: bank accounts are insured against bank failures up to $250,000
    • Mortgages (and other lending): if it sounds too good to be true, it might be
    • Inflation: drives up the cost of goods, check with your employer to make sure your “cost of living increase” matches the increase in the cost of living
    • Interest rates: understand historical context of where rates are to make borrowing decisions (see link
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Ramp Launches Broad Set of AI-Powered Capabilities for Business Financial Management

Ramp, the leading finance automation platform helping 15,000+ businesses find time and money savings across transactions, bill payments, and accounting, today announced Ramp Intelligence: a suite of never-before-seen tools in financial services, driven by AI, designed to solve customer problems. The launch represents the most significant evolution of Ramp’s core time and money saving engine, with solutions powered by GPT-4 embedded throughout Ramp’s platform – including vendor price intelligence, an accounting copilot, contract extraction and negotiation, and automated accounting processes.

With these solutions, customers benefit from expenses that code themselves, dramatically faster and more accurate month-end closing processes, democratized software prices, and automated insight into business performance.

The functionality and impact of these products stand in stark contrast to the flurry of superficial “AI-washed” products to enter the market over the last six months. In fact, Ramp’s AI expertise has drawn the involvement of prominent AI experts as individuals investors and advisors, including Satya Nadella, Adam D’Angelo, Fidji Simo and Chris Re.

“Ramp has baked AI into the tool in a really thoughtful way,” says Laura Moreno, Senior Manager, Global Accounts Payable, Eventbrite. “Their automation allows us to move so much faster and remain focused on what really matters.”

Ramp is now applying AI’s power of historical pattern analysis to over $10 billion in aggregated spend data, so customers can benefit from the wisdom of the crowd to uncover cost-saving opportunities and make data-backed decisions.

“We believe generative AI will transform how businesses work. ” says Eric Glyman, CEO, Ramp. “With the launch of Ramp Intelligence, we are taking a significant step forward in democratizing over $10 billion in transaction data and leveraging it on behalf of companies to enhance pricing transparency, productivity, and improve their bottom lines. If we’re successful, it means a material drop in price discrimination. For

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Should You Buy First Business Financial Services Inc (FBIZ) Stock on Friday?

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Friday, May 19, 2023 11:08 AM | InvestorsObserver Analysts

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Should You Buy First Business Financial Services Inc (FBIZ) Stock on Friday?

The market has been high on First Business Financial Services Inc (FBIZ) stock recently. FBIZ gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
First Business Financial Services Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FBIZ!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock’s trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver‘s Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What’s Happening With FBIZ Stock Today?

First Business Financial Services Inc (FBIZ) stock is trading at $27.75 as of 10:17 AM on Friday, May 19, a rise of $0.62, or 2.27% from the previous closing price of $27.13. The stock has traded between $27.53 and $28.15 so far today. Volume today is light. So far

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Why Accounting Is the Backbone of Your Business’s Financial Health

Why Accounting Is the Backbone of Your Business's Financial Health

Do you want to maximize the financial health of your business? It all starts with accounting. Accounting is more than just crunching numbers—it’s a vital part of maximizing the success and stability of any business. Without proper tracking, analyzing, and reporting of your finances, it can be difficult to make informed decisions or find potential areas for improvement. 

That’s why having an in-depth understanding of accounting principles is essential when it comes to managing your company’s resources effectively. In this blog post, we’ll explore how knowledge and use of sound accounting concepts are beneficial in order to ensure long-term sustainability for businesses everywhere.

Defining the Role of Accounting in Your Business’s Finances 

Achieving financial success in business requires an understanding of the role that accounting plays in managing the finances of an organization. Accounting is more than just keeping track of the amount of money coming in and going out; it is a vital strategic tool in helping businesses make informed decisions about investing, budgeting, and forecasting. 

Defining the role of accounting in your business’s finances means identifying the areas where your business can benefit from accounting principles and practices. By developing a comprehensive accounting strategy, your business can gain a competitive advantage and become more financially stable. 

Also, have in mind that if you cannot keep track of the finances of your business yourself, there are always professionals you can hire to help you out. Moreover, whether you need Adelaide tax and accounting practitioners for instance, or professionals in any other city, just look for some online. Accounting is the backbone of any successful business, and a clear understanding of its role is essential for any entrepreneur looking to build a long-lasting and profitable enterprise.

Understanding the Benefits of Accurate Bookkeeping of your business matters

Accurate bookkeeping is paramount

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Bread Financial Releases 2022 ESG Report, Showcases Progress Amid Multi-Year Business Transformation

  • Tenth annual report highlights progress within environmental, social and governance initiatives, while supporting long-term financial and reputational goals

  • 2022 report commemorates first year of aligning to Task Force on Climate-related Financial Disclosures (TCFD) in its reporting and disclosures

COLUMBUS, Ohio, May 16, 2023–(BUSINESS WIRE)–Bread Financial (NYSE: BFH), a tech-forward financial services company providing simple, personalized payment, lending and saving solutions, today released its 2022 Environmental, Social and Governance (ESG) Performance Report, highlighting the significant progress made against Bread Financial’s recently enhanced ESG strategy and framework. In its 10th year of public ESG reporting, the Company’s 2022 report represents a significant milestone for Bread Financial, marking a decade of increased transparency and accountability regarding its responsible business practices.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230516005080/en/

Integrating ESG criteria into our overall governance, risk management, business strategy and priorities (Graphic: Business Wire)

The report showcases Bread Financial’s ESG performance across five key areas: managing business responsibly, empowering customers, engaging associates, protecting the planet and creating possibilities for communities. Building on its strong foundation, in 2022 the Company made advancements by deepening cross-functional internal engagement and further embedding environmental and social criteria throughout its business model.

“I am extremely proud of the progress Bread Financial has made to advance our ESG initiatives, as illustrated in our 2022 report,” said Ralph Andretta, president and chief executive officer, Bread Financial. “By integrating environmental stewardship, social responsibility and good governance practices into our business strategy, we are not only driving financial performance, but also creating a more resilient, competitive organization that benefits all of our stakeholders. As we continue to evolve as a purpose-driven financial services company, our well-established ESG practices enable us to reduce risks, deliver responsible growth, and ensures we hold ourselves

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OmniAb Reports First Quarter 2023 Financial Results and Business Highlights

Conference Call with Slides Begins at 8:30 a.m. Eastern Time Today

OmniAb, Inc. (NASDAQ: OABI) today reported financial results for the three months ended March 31, 2023, and provided operating and partner program updates.

“Our first quarter performance is a strong start to the year. We reached 301 active programs, with 27 in clinical development or approved for commercialization as our growing portfolio of partner programs continued to advance,” said Matt Foehr, Chief Executive Officer of OmniAb, Inc. “Innovating our technologies is part of our strategy, and we are proud to introduce OmniDeep at next week’s PEGS Protein Engineering Conference and Expo in Boston. OmniDeep is a suite of proprietary in silico tools that have been a part of our internal research efforts for many years and that we’ve recently expanded. These tools are now more broadly available to our partners and facilitate rapid identification of lead candidates leveraging our large multi-species antibody databases and the Biological Intelligence of our proprietary transgenic animals.”

First Quarter 2023 Financial Results

Revenue for the first quarter of 2023 was $16.9 million, compared with $9.6 million for the same period in 2022, with the increase primarily due to the recognition of a $10.0 million milestone payment related to the first commercial sale of TECVAYLI® (teclistamab) in the European Union.

Research and development expense was $13.8 million for the first quarter of 2023, compared with $10.8 million for the same period in 2022, with the increase primarily due to investments in facilities, headcount, and technology innovation. General and administrative expense was $8.2 million for the first quarter of 2023, compared with $4.1 million for the same period in 2022, with the increase primarily due to higher headcount and

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Financial Freedom for Small Business Owners: A New Era of Accounting Solutions

Did you know that over 50% of small businesses fail in the first five years? In most cases, a lack of financial freedom is the main reason these businesses fail. Small business owners face various challenges in managing their finances, from bookkeeping and accounting to tax compliance and cash flow management.

These tasks can be time-consuming, complicated, and sometimes overwhelming, especially for entrepreneurs new to the business world. However, a new era of accounting solutions is changing the game for small business owners. With the help of advanced technologies like artificial intelligence, cloud computing, and payment processing platforms, it’s easier than ever for small business owners to achieve financial freedom. 

This article will explore how these new accounting solutions are transforming the financial landscape for small business owners and helping them achieve long-term success. We’ll also look at how you can manage your business finances more effectively.

The Importance of Accounting for Small Businesses

Accounting is critical for small businesses as it helps them manage their financial resources effectively and make informed decisions. It’s especially crucial to family-owned small businesses, which account for at least 13% of small businesses in the US, because most of them struggle to separate business finances from family/personal finances. 

Here are some more reasons why accounting is so important:

  • Provides a clear picture of financial health. Properly maintained and accurate financial records give you a quick and accurate assessment of your financial position.
  1. Helps monitor cash flow and track expenses. Proper accounting practices allow you to easily track cash inflows and outflows crucial for maintaining liquidity.
  2. Identifies potential financial problems early on. By regularly reviewing financial reports and statements, you can detect potential financial issues before they become major problems.
  3. Enables informed decisions about resource allocation and planning for the
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Shopify Announces First-Quarter 2023 Financial Results; Agrees to Sell Shopify Logistics to Flexport

Shopify sharpens its focus on building and scaling the future of commerce

Internet, Everywhere – May 4, 2023 – Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter ended March 31, 2023.

“Shopify’s strong first quarter results demonstrate once again that we’re the go-to solution powering businesses of all sizes, on every surface where they sell. The changes we’re announcing today will ensure we keep pace with the high velocity of change before us, delivering the cutting-edge solutions our customers have come to expect from Shopify,” said Shopify’s President, Harley Finkelstein.

Please see a letter from our Founder and CEO, Tobias Lütke addressing the team changes we announced today at https://news.shopify.com/important-team-and-business-changes.

First Quarter 2023 Business Highlights

Shopify welcomed more brands on our platform in our first quarter of 2023, including consumer favorites like Keen, 7 for All Mankind, Seiko, and Herschel Supply. The following are notable highlights from our first quarter across our three key merchant investment themes, which are helping merchants expand from first sale to full scale, go global and attract more consumers through more channels.

  • Launched Commerce Components by Shopify (“CCS”), the modern, composable stack for enterprise retail. CCS combines access to Shopify’s foundational, high-performing components along with flexible APIs to build dynamic customer experiences that integrate seamlessly with a retailer’s preferred back office services.
  • Announced updated pricing for Basic, Shopify, and Advanced plans on January 23, 2023. New pricing went into effect for new merchants on January 24, 2023 and for existing merchants prior to January 24, 2023 on April 23, 2023.
  • Powered by OpenAI’s ChatGPT API, Shopify launched a new AI shopping assistant on our Shop app, creating a fast and more personalized shopping experience for consumers that serves up more relevant product recommendations
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DURECT Corporation Reports First Quarter 2023 Financial Results and Business Update

– Webcast of Earnings Call Today, May 8th at 4:30 p.m. ET

– Topline data from AHFIRM trial expected in 2H 2023

CUPERTINO, Calif., May 8, 2023 /PRNewswire/ — DURECT Corporation (Nasdaq: DRRX) today announced financial results for the three months ended March 31, 2023 and provided a corporate update.

“We are rapidly approaching the completion of enrollment in our Phase 2b AHFIRM trial later this quarter and remain on track to report topline data in the second half of 2023.  We are preparing to file an NDA for larsucosterol in alcohol-associated hepatitis (AH) if the AHFIRM trial outcome is positive and are in the early stages of commercial launch planning in the U.S.,” stated James E. Brown, D.V.M., President and CEO of DURECT.  “If approved, larsucosterol would be the first FDA-approved treatment for AH.  We also are pleased that an article describing our Phase 2a data in AH has been published online in The American Journal of Gastroenterology.  This peer-reviewed publication provides further insight into the efficacy and safety of larsucosterol in AH and underscores the insufficiency of current treatment approaches for this highly lethal disease.” 

Recent Business Highlights:

  • AHFIRM approaching completion – DURECT has enrolled more than 285 patients in the AHFIRM trial to date, which exceeds 95% of the target enrollment for the 300-patient trial.  We have enrolled patients at leading hospitals in the U.S., Australia, E.U. and U.K., including prominent transplant centers.  We continue to expect to complete enrollment in the AHFIRM trial in the second quarter of 2023, which should enable topline data to be reported in the second half of 2023.
  • Peer-reviewed publication of Phase 2a trial of larsucosterol in AH – Additional data from our previously completed Phase 2a trial evaluating larsucosterol in AH was recently published online by
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