Nat Re Nets PhP78M in 2016

Manila—(PHStocks)—National Reinsurance Corporation of the Philippines (Nat Re, PSE: NRCP) continued delivering income to its shareholders and entered its third consecutive year of net profits, raking in P78M in 2016. Nat Re also posted a 99.1% combined ratio, the lowest in the last seven years. These figures are comparable with combined ratios of A-minus-rated reinsurers […]
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PH Stocks Down 25pts

Manila—(PHStocks)—The mainboard Philippine Stock Exchange index (PSEi) ended today’s market session at 7,860.77, down by 25.26 points or 0.32%. All counters were down, albeit minimally, while the Services index closed at 1,686.14, up by 0.28%. The Property index fell by 0.52%, while the Mining and Oil sector shed 0.5%. The wider All Shares index dropped […]
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NRCP Net Income Up 2,036% in 2015

Makati—(PHStocks)—The National Reinsurance Corporation of the Philippines (PSE: NRCP) posted a net income of PhP179.1 million in 2015, up by  2,036% from PhP8.4 million in 2014. During the annual stockholders meeting held July 13 at RCBC Plaza in Makati City, the sole national reinsurer also disclosed that it maintained its credit rating of B++ (Good) […]
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PH Stocks Down on Profit Taking

Manila—(PHStocks)—Philippine stocks fell on profit taking Friday, 4 April, after a week of strong gains. The mainboard Philippine Stock Exchange index (PSEi) shed 0.39% or 25.88 points to close the week at 6,561.2. This week also marked the first time in five months that the local stock market reached its peak. Despite the sell-off, the […]
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