Largest Publicly Traded Banking Companies Ranked by EPS Growth

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Largest Publicly Traded Banking Companies Ranked by EPS Growth

Top Global Insurance Deals
Announced in 2002. Dollars in thousands
Published February 26, 2003
  Buyer Target Announced Region Price
1 Manulife Financial Corp. Canada Life Financial Corp.1 Dec. 11 Canada $4,100,000
2 Anthem Inc. Trigon Healthcare Inc. Apr. 29 U.S. 4,000,000
3 DnB Holding ASA Storebrand ASA2 May 28 W. Europe 1,940,000
4 Societa Assicuratrice Industriale SpA La Fondiaria SpA May 30 W. Europe 1,687,000
5 Prudential Financial Inc. American Skandia Inc. Dec. 20 U.S. 1,265,000
6 Grupo Financiero Banamex Seguros Banamex Aegon6 Jan. 18 Mexico 1,240,000
7 HCA Inc. Health Midwest Oct. 16 U.S. 1,125,000
8 Insurance Australia Group Ltd. CGU and NZI Insurance Oct. 17 Asia Pacific 1,020,000
9 MetLife Inc. Aseguradora Hidgalgo SA May 24 Mexico 965,000
10 Tryg I Danmark Tryg 3 Jun. 19 W. Europe 830,000
11 Hanwha Consortium Korea Life Insurance7 Jan. 24 Asia Pacific 757,000
12 HSBC Holding PLC Ping An Insurance8 Oct. 8 Asia Pacific 600,000
13 Toro La Fondiaria SpA2 Jan. 10 W. Europe 563,000
14 UnitedHealth Group AmeriChoice Jun. 18 U.S. 560,000
15 Express Scripts Inc. National Prescription Administrators4 Feb. 6 U.S. 515,000
16 mgmt buyout backed by Peter Wood of Esure Cox Insurance1,2 Dec. 11 W. Europe 491,000
17 Euler SA Hermes Kreditversicheirung AG Jan. 31 W. Europe 460,900
18 CVC Capital Partners Kwik-Fit Insurance Services Aug. 15 W. Europe 458,000
19 Clark/Bardes Consulting Long, Miller & Associates LLC Sept. 26 U.S. 405,000
20 ING Group NV Sul America Seguros10 Mar. 27 Brazil 400,000
21 Macquarie Bank Ltd. Axa Health Insurance Jun. 5 Asia Pacific 339,740
22 Midland National Life Insurance Co. Clarica U.S. Inc. Oct. 22 U.S. 286,000
23 Groupama SA CGU Courtage Mar. 13 W. Europe 262,600
24 Delta Lloyd ABN Amro NV Insurance unit Nov. 27 W. Europe 260,700
25 Hilb, Rogal & Hamilton Co. Hobbs Group5 May 13 U.S. 244,000
26 Groupama Plus Ultra Compania Anonima de Seguros Jul. 9 W. Europe 241,700
27 Ardent Health Services Lovelace Health Systems Jul. 1 U.S. 235,000
28 Sompo Japan Insurance Inc. Taisei Fire and Marine Insurance Co. Oct. 31 Asia Pacific 225,000
29 AIG Orix Corp. Fuji Fire and Marine Insurance Co.9 Feb. 21 Asia Pacific 223,000
30 RBC Liberty Insurance Business Men’s Assurance Co. of America Apr. 30 U.S. 220,000
31 ING Group Banco Bital9 Jul. 31 Mexico 200,000
32 Lago Achte led by Dr. Kann Gerling Global Re Nov. 27 W. Europe 199,000
33 Friends Provident Life and Pensions Ltd. Royal and Sun Alliance Int’l Fin’l Services Jun. 11 W. Europe 194,000
34 Wellington Underwriting Exali Reinsurance Holdings9 Dec. 5 W. Europe 194,000
35 Commerzbank La Fondiaria9 Feb. 15 W. Europe 182,700
36 Mederic Adeslas Jan. 22 W. Europe 177,000
37 Swiss Life/Rentenanstalt Fortis France SA2 Feb. 11 W. Europe 175,000
38 Pillar Foundation Group Financial Industries Corp. Dec. 11 U.S. 172,000
39 Inviva Inc. Conseco Variable Insurance Co. Jul. 19 U.S. 160,000
40 Ace Ltd. Huatai Insurance May 28 Asia Pacific 150,000
41 Allianz Slovenska Poinstovna Jan. 24 E. Europe 130,000
42 MetLife Reinsurance Group of America9 Jan. 31 U.S. 125,000
43 HBOS and Lloyds TSB Admiral Insurance Oct. 15 W. Europe 123,000
44 Assicurazioni Generali SpA Europ Assistance Holding Oct. 2 W. Europe 122,000
45 Amerigroup Corp. PHP Holdings Inc. Aug. 22 U.S. 121,000
46 Higos Insurance Services Ltd. Insurancevillage PLC Feb. 14 W. Europe 114,000
47 Achmea Holding NV Royal and Sun Alliance Schadeverzekering May 17 W. Europe 112,000
48 Banca Intesa Carivita Dec. 26 W. Europe 110,000
49 Societe Mutuelle des Administration Publiques Naviga SA Jul. 10 W. Europe 108,000
50 GMAC Insurance Holdings ABA Seguros Jan. 23 Mexico 100,000
51 Investco Inc. Mercury Surety and Insurance Co. Mar. 7 U.S. 100,000
52 Baloise Group Royal and Sun Alliance Holding GmbH Nov. 22 W. Europe 96,000
53 GE Edison Life Insurance Co. Saison Life Insurance Co. Feb. 8 Asia Pacific 95,700
54 Canada Life Financial Corp. Royal and Sun Phoenix Assurance Jul. 30 W. Europe 94,000
55 RenaissanceRe Ltd. Platinum Underwriters Holdings Ltd.9 Sept. 23 U.S. 91,100
56 Basler Deutschland Securitas Nov. 28 W. Europe 89,600
57 HSBC Insurance Keppel Insurance-Singapore Dec. 19 Asia Pacific 88,000
58 Uniqa Versicherung AG MLP Osterreich Jul. 5 E. Europe 82,800
59 Mapfre Seguros Tepeyac Mar. 11 Mexico 79,600
60 Ardent Health Services St. Joseph Healthcare Sept. 7 U.S. 77,000
61 Millennium Consolidated Investments Ltd. Alexander Forbes Ltd. Sept. 18 Asia Pacific 76,700
62 StanCorp Financial Group Inc. Teachers Insurance and Annuity Assn. May 29 U.S. 75,000
63 Consorcio Financiero SA CNA Holdings Ltd. Mar. 26 Chile 73,100
64 Cattolica Assicurazioni Casualtysa di Risparmio di S Miniato Oct. 14 W. Europe 71,000
65 Piraeus Bank Nationale-Nederlanden Greece9 Jan. 21 W. Europe 68,000
66 Amlin PLC names buyout Aug. 3 W. Europe 67,900
67 Mittel La Fondiaria9 Feb. 15 W. Europe 64,600
68 Brown & Brown Inc. Cal-Surance Associates Inc. Oct. 23 U.S. 64,400
69 Aviva PLC Cofco-Joint Venture Jul. 30 Asia Pacific 60,000
70 Cattolica Assicurazioni Duomo Assicurazioni, Duomo Previdenza9 Jul. 23 W. Europe 56,600
71 ProAssurance Corp. Meemic Holdings Inc. Jul. 9 U.S. 56,300
72 Universal American Financial Corp. Pyramid Life Insurance Co. Dec. 31 U.S. 56,000
73 Mederic Aviva’s French group life business Nov. 28 W. Europe 55,800
74 Allianz AG Slovenska Poistovna9 Jul. 3 W. Europe 53,000
75 Max Re Capital Ltd. DaVinci Re Holdings Ltd. Jan. 9 U.S. 50,000
76 Banco de Credito e Inversiones SA BCI Corredores de Seguros Aug. 7 Chile 50,000
77 Great American Financial Resources Manhattan National Life Insurance Mar. 14 U.S. 48,500
78 Protective Life Insurance Co. Conseco Variable Insurance Co. Apr. 2 U.S. 48,500
79 Nova Trade Astra Jul. 25 E. Europe 45,500
80 Kindred Healthcare Inc. Specialty Healthcare Services Inc. Apr. 2 U.S. 45,000
81 Trinity Universal Insurance Co. Kemper Individual and Family Group Apr. 11 U.S. 45,000
82 CGNU PLC Dao Heng Assurance Feb. 19 Asia Pacific 44,000
83 Logan Consultants Ltd. Hastings Insurance Services Ltd. Aug. 30 Asia Pacific 42,000
84 unnamed buyer Sequoia Insurance Co. Oct. 22 U.S. 40,000
85 European Reinsurance Co. of Zurich Trenwick Group Ltd.9 Sept. 6 W. Europe 40,000
86 Swinton Group Colonnade Insurance Brokers May 30 W. Europe 39,500
87 NikOil Industrial Insurance Co. Jan. 17 E. Europe 38,000
88 Hub International Ltd. Fifth Third Insurance Services Dec. 31 U.S. 37,000
89 Erste Osterreichische AVS Ceska Soritelna Jul. 10 E. Europe 37,000
90 Capital Title Group Inc. Nations Holding Group Jun. 12 U.S. 35,000
91 CGI Group Inc. Underwriters Adjustment Bureau Ltd. Nov. 12 Canada 33,400
92 Express Scripts Inc. Phoenix Marketing Group Inc. Feb. 25 U.S. 33,000
93 SoftNet Systems Inc. First Standard Holdings Corp. Jul. 30 U.S. 31,900
94 Union Insurance Co. China Mariners’ Assurance Corp. May 20 Asia Pacific 31,000
95 Fairfax Financial Holdings First Capital Insurance Ltd. Mar. 23 Canada 30,000
96 Meliorbanca Arca Vita, Arca Assicurazioni9 Jul. 1 W. Europe 28,800
97 Winterthur Life Premier Life Luxembourg, Premier Life Bermuda May 28 W. Europe 27,800
98 Millea Holdings Inc. Newa Insurance Co.9 Oct. 31 Asia Pacific 27,630
99 APS Healthcare Bethesda Inc. Innovative Resources Group Apr. 1 U.S. 27,000
100 BNCCorp Inc. Milne & Co. Mar. 28 U.S. 26,500
101 Northern Homelands Co. Caliber One Indemnity Co. Sept. 20 U.S. 26,500
102 Evergreen Group Central Reinsurance Corp. Jul. 4 Asia Pacific 26,400
103 Tokio Marine Insurance Malaysisa Bhd. Amanah General Insurance Bhd. Feb. 20 Asia Pacific 26,190
104 Fineco Group Cisalpina Previdenza9 Dec. 5 W. Europe 25,050
105 Berkley Insurance Co. Kiln PLC May 2 W. Europe 25,000
106 South-East Asia Insurance Bhd. Overseas Union Insurance Bhd.-Malaysia May 7 Asia Pacific 24,680
107 Kingsway Financial Services Inc. American Country Holdings Feb. 27 U.S. 24,000
108 Commercial Bank of China Tai Ping Insurance9 Mar. 26 Asia Pacific 22,600
109 Indiana Farm Bureau Insurance Agway Insurance Co. Jun. 14 U.S. 21,000
110 Contract Sofia State Insurance Institute Jul. 3 E. Europe 20,170
111 First Health Group Corp. Claims Administration Corp. Jun. 4 U.S. 20,000
112 Liberty Mutual Insurance Co. ABN Amro-Colombia insurance unit Oct. 21 Colombia 20,000
113 Prudential Financial Inc. Prudential-Bradesco Seguros Jan. 17 Brazil 19,700
114 Aktiv Kapital ASA Storebrand Finans Jan. 2 W. Europe 19,600
115 American Medical Security American Medical Security Group Inc.9 Mar. 20 U.S. 18,200
116 BNC Insurance Inc. Milne Scali & Co. Apr. 3 U.S. 18,000
117 Coventry Health Care Inc. PersonalCare Health Mgmt Inc. Dec. 18 U.S. 18,000
118 Citizens Inc. First Alliance Corp. Nov. 12 U.S. 17,200
119 Manulife Financial Corp. OUB Manulife Jul. 22 E. Europe 17,000
120 Direct Line Group Ltd. Royal Insurance Jan. 29 W. Europe 16,900
121 Rimac International Wiese Aetna Dec. 13 Peru 15,000
122 Chubb Global Financial Services HDFC Chubb General Insurance Co9 Jul. 8 Asia Pacific 15,000
123 Zenith Insurance Co. Advent Capital PLC Aug. 23 W. Europe 15,000
124 Friends Provident Tenet Group8 May 3 W. Europe 13,800
125 Norwich Union Tenet Group8 May 3 W. Europe 13,800
126 Alfa Financial Corp. MidCountry Financial Corp.9 Aug. 30 U.S. 13,500
127 Clal Insurance Israel Land Develeopment Insurance Dec. 11 Asia Pacific 13,500
128 Tower-Ed Sdn Berhad EON CMG Life Assurance Bhd. Jul. 1 Asia Pacific 12,800
129 Allgemeiner Wirtschaftsdienst Finanz.EU, ECG Jul. 25 E. Europe 12,700
130 Hana Bank Allianz France Life Jan. 24 Asia Pacific 12,000
131 Thai Life Insurance Group CGU Life Assurance Co. Aug. 20 Asia Pacific 11,800
132 undisclosed private equity group WellCare Mgmt Group Inc. May 17 U.S. 11,750
133 Capital Alliance Saambou Life Jun. 26 Asia Pacific 10,900
134 Nipponkoa Insurance Co. LPI Capital Bhd9 Jan. 24 Asia Pacific 10,700
135 Helvestar SA Kenya Reinsurance Corp.2 Aug. 20 Asia Pacific 10,500
136 Ergo Versicherung OAO Rus Aug. 29 E. Europe 10,000
137 Interseguro Compania de Seguros de Vida Santander Seguros de Vida Central Hispano Nov. 14 Peru 9,100
138 Hooper Holmes Inc. Medicals Direct Group PLC Jul. 24 W. Europe 9,000
139 Navakij Insurance PCL Thai Commercial Insurance PCL Aug. 23 Asia Pacific 9,000
140 Chaucer Holdings PLC Nuclear Syndicate 1176 - mgmt role Dec. 13 W. Europe 8,100
141 Hardy Underwriting Group Atrium Underwriting9 Oct. 31 W. Europe 7,600
142 SunStar Ensure Royal and Sun Alliance Insurance Bahamas Oct. 18 W. Europe 7,000
143 Liberty Group Hightree Financial Services Oct. 1 W. Europe 6,700
144 Clerical Medical Misys Assureweb Jul. 29 W. Europe 6,000
145 Hercules Property Services PLC DOR Northern Ltd. Feb. 7 W. Europe 5,634
146 Chilean Construction Assn. Royal and SunAlliance-Colombia9 Sept. 26 Colmbia 5,000

1 Hostile bid
2 Terminated transaction
3 Deal value includes 760 million euros in cash and 90 million euros in contingency payment.
4 Price was adjusted from $515 million to $450 million as a result of terms of the agreement.
5 Price includes $142 million fixed amount and contingency payment of $102 million.
6 48% stake
7 51% stake
8 10% stake
9 Minority stake

Source: Thomson Financial Insurance Solutions

© 2003 American Banker