Lombard International Assurance S.A.
Lombard International: 2015 Financial Results
DGAP-News: Lombard International Assurance S.A. / Key word(s): Miscellaneous 2016-03-24 / 12:09 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- LUXEMBOURG CITY, LUXEMBOURG --(Marketwired - March 24, 2016) - Lombard International, a global leader in wealth structuring solutions for high net worth investors and with headquarters in Luxembourg and Philadelphia, today announced its unaudited Financial Results for 2015 revealing its highest premium income figures in the company's history. Europe financial highlights were: /T/ -- Assets under administration (AuA) at 12.31.2015 is USD 33.2bn*. -- AuA growth represents an increase of USD 3.6bn or 12% at constant FX rate vs. 12.31.2014. -- New business premium income rose to USD 3.9bn*; an increase of 13% compared to 2014 at constant FX rate. -- The best performing markets in terms of premium were Sweden, Italy, Spain, and France. /T/ United States financial highlights were: /T/ -- Lombard International AuA at 12.31.2015 is USD 5.3bn**; an increase from USD 4.8bn compared to 2014 (+10%). -- Lombard International Administration Services AuA at 12.31.2015 is USD 38.4bn**; an increase from USD 37.9bn (+1%). -- New business premium income rose to USD 766mm**; an increase of USD 461mm compared to 2014 (+66%). /T/ The strong financial performance underscores Lombard International's continued growth during the year in which the company formally launched its global life insurance-based wealth management business, following the successful integration of Luxembourg-headquartered Lombard International Assurance S.A. with US- headquartered Philadelphia Financial Inc. in September 2015. John Hillman, Executive Chairman of Lombard International, has welcomed the positive performance and commented: 'In 2015, Lombard International put a significant stake in the ground as a leader in providing best-in-class, holistic wealth planning solutions for high-net-worth individuals and institutions across the globe. We have strengthened our product capabilities, upgraded systems, appointed several senior leaders in new and existing channels, improved the efficiency of our combined operations and moved into new territories.' Hillman added: 'It is very rewarding to see these strong results, which will allow us to continue to better service our partners and clients as well as seize opportunities for growth in the year ahead. We are already pushing forward with our expansion strategy into Asia and have launched an innovative dual compliant solution to meet the needs of our international clients.' * Provisional results as at December 31, 2015 -- subject to approval of the accounts (EUR/USD at 1.088) Combined figures for Lombard International Assurance S.A. and Lombard International PCC Ltd. **Unaudited About Lombard International Assurance Lombard International Assurance is a leading life insurance-based wealth solutions provider, combining the strength and expertise of two specialist life insurance companies with over 20 years' experience and market leadership in their respective fields. Lombard International Assurance provides wealth structuring solutions using unit-linked life insurance to high net worth individuals, their families and institutions around the globe. The global group, branded as Lombard International, launched to market in September 2015. With head offices located in Luxembourg and Philadelphia, a combined global presence enables Lombard International to serve clients' complex needs on a global basis while being sensitive to local cultures and attitudes. Global assets under administration are in excess of USD 75 billion with a global staff number of over 500, including more than 60 technical experts specializing in 20+ jurisdictions. Funds managed by Blackstone own Lombard International. Blackstone is one of the world's leading investment firms with over $330 billion in assets under management. For further information about Lombard International visit: www.lombardinternational.com Media Enquiries: USA Gabrielle Simon Prosek Partners gsimon@prosek.com +1 212 279 3115 ext. 108 UK/EU Georgia Brown Prosek Partners gbrown@prosek.com +44 (0)20 3440 5809 Lombard International Assurance S.A. www.lombardinternational.com Head office 4 rue Lou Hemmer L-1748 Luxembourg Grand Duchy of Luxembourg Tel +352 34 61 91-1 Fax +352 34 61 90 R.C.S. Luxembourg, B 37604 VAT LU 15902470 Tax, 1991 2204 696 Italian Branch/Sede secondaria italiana Piazza San Marco 3 I-20121 Milano Italia Tel +39 02 3670 5260 Fax +39 02 3670 5263 P.IVA/Registro Imprese Milano n. 08441540963 Iscrizione Albo IVASS della Sede secondaria italiana n. I.00121 Representative offices in ROME | GENEVA | LUGANO | ZURICH News Source: Marketwire --------------------------------------------------------------------------- 2016-03-24 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Lombard International Assurance S.A. United States End of News DGAP News Service
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