Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Equitable Life of Canada achieves record earnings in 2012

WATERLOO, ON, Feb. 13, 2013 /CNW/ - Amid a challenging economic environment, Equitable Life of Canada® delivered solid results in 2012, achieving all-time highs for earnings and growth. Despite low interest rates and volatile equity markets, the Company realized record earnings of $44.7 million, far surpassing the previous high of $32.0 million in 2010. As a result, return on policyholders' equity increased considerably to 13.5% in 2012. This historic result was due, in particular, to solid earnings by both the Individual and Group lines of business.

A number of factors contributed to this strong performance in 2012. Diligent expense management, positive Group claims ratios and favourable performance of equity markets in the latter half of the year helped to offset the low interest rate environment and lower-than-expected sales in the Individual and Savings & Retirement lines of business.

Equitable Life remains strong and stable with a Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of 195%, up from 190% in 2011 and well above the minimum regulatory requirement set out by the Office of the Superintendent of Financial Institutions Canada (OSFI). As well, the Company's participating policyholders' equity, one of the key measures of a mutual life insurer's financial stability, increased to $352.1 million from $307.4 million at the end of 2011.

Equitable Life also had a strong year for growth in 2012. Premiums and deposits reached $606.1 million and the Company's assets under administration grew to $2.93 billion - both all-time highs. On the sales front, it was a breakout year for the Group line of business, achieving record sales of $53.3 million, eclipsing its 2011 sales by 83.8%. Individual sales were down 7.4% to $38.8 million in 2012, as persistently low interest rates led to unprecedented product and pricing changes in the industry. Similarly, Savings & Retirement sales fell 4.6% to $219.6 million as the current economic environment led to weak segregated funds sales.

Equitable Life is known for its top-quality service, and the Company built on that reputation in 2012. The Group line of business achieved top rankings in a majority of service categories for a survey of Canadian group policyholders conducted by LIMRA, a worldwide association of insurance and financial services companies. As well, the Individual line of business was again ranked as one of the top companies for new business processing in a survey conducted by one of Canada's largest Managing General Agencies.

At the same time, Equitable Life's investment portfolio performed extremely well in 2012 and delivered consistent returns in a volatile environment. Our conservative approach continues to provide ongoing stability and growth.

"By almost all measures, 2012 was a standout year for the Company," said Ronald Beettam, Equitable Life's President and Chief Executive Officer. "Equitable Life's ability to succeed in difficult market conditions is evidence of our prudent management practices and our focus on meeting the long-term interests of our policyholders. We will continue to pursue those priorities that have brought success in the past, including distribution development, service delivery, process improvement and a commitment to our customers and employees."

2012 Financial Highlights

  • Net income increased to $44.7 million, for a return on policyholders' equity of 13.5%.
  • Participating policyholders' equity increased 14.5% to $352.1 million.
  • Capital strength, as measured by the MCCSR ratio, ended the year at 195%.
  • Premiums and deposits increased by 4.4% to $606.1 million.
  • Assets under administration grew 6.7% to $2.93 billion.

About Equitable Life of Canada
As one of Canada's largest mutual life insurance companies, Equitable Life is dedicated solely to its policyholders. The Company is focused on providing them with high-quality service, security and well-being.

Since 1920, Canadians have been depending on Equitable Life for financial protection. The Company offers a wide selection of competitive Individual Life and Health, Group Life and Health, and Individual Savings and Retirement products to meet the needs of its large and growing base of participating policyholders.



SOURCE Equitable Life of Canada

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

SOA World Latest Stories
We call it DevOps but much of the time there’s a lot more discussion about the needs and concerns of developers than there is about other groups. There’s a focus on improved and less isolated developer workflows. There are many discussions around collaboration, continuous integration a...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, will discuss how to use Kubernetes to setup a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, d...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 3...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cl...
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring s...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE