Q4 2023 Summary
Published Jan 4, 2025, 1:15 AM UTCInitial Price$143.43October 1, 2023
Final Price$168.49December 31, 2023
Price Change$25.06
% Change+17.47%
- Substantial fee income growth in Global Lifestyle segment, driven by higher trade-in volumes and new programs with major OEMs, indicating strong performance and successful expansion.
- Effective management in Auto business with significant rate adjustments leading to expected improvement in 2024 and beyond, demonstrating proactive measures and positive future outlook.
- Significant expense reductions in Global Housing segment, reducing expense ratio by 6 points from 46% to 40%, and attracting major clients like Bank of America, enhancing profitability and market position.