Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  BYD Company Limited    1211   CNE100000296

BYD COMPANY LIMITED

(1211)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 06/05
51.75 HKD   +7.37%
06/05BYD : A Glimpse into BYD's Blade Battery Factory in Chongqing
AQ
06/05BYD : Sales Decline Narrowed Further in May
DJ
06/02China's BYD Gets Extension on $1 Billion California Mask Deal -- Update
DJ
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Some life insurers hit pause on older Americans during coronavirus crisis

share with twitter share with LinkedIn share with facebook
share via e-mail
04/20/2020 | 10:43am EDT
Outbreak of the coronavirus disease (COVID-19) in Washington

(This April 17 story corrects to fix name of company in second paragraph to make it Protective Life Insurance Co instead of Protective Insurance Co.)

By Suzanne Barlyn

Some U.S. life insurers are deciding not to gamble on older Americans during the coronavirus crisis by temporarily suspending applications from certain age groups or imposing tougher requirements.

Prudential Financial Inc, Lincoln National Corp and Protective Life Insurance Co are among the insurers that have made changes. Prudential and Protective are temporarily halting applications from individuals aged 80 or older, while Lincoln has postponed approving policies for that age group and others, the companies said.

Mutual of Omaha Insurance Co and Penn Mutual Life Insurance Co are temporarily suspending applications for individuals aged 70 or older. Securian Financial has stopped accepting new applications for those 71 and older until at least June 15, according to memos seen by Reuters.

Some insurers are also suspending applications for people in their 60s who previously may have been eligible for coverage despite common health problems such as diabetes or asthma.

Insuring older Americans can be a big risk for U.S. life insurers under the best of circumstances, but it brings in hefty premiums. A healthy 40-year-old woman pays about $180 annually for a $250,000 15-year term life policy, while a healthy 70-year-old woman pays $2,244, or 1,146% more, according to online brokerage Policygenius.

Many people buy life insurance when they are younger, concerned they could die and leave their families impoverished.

Life insurance may seem less critical for older people, but some see it as a path to a legacy, said Byron Udell, president and chief executive officer of insurance brokerage AccuQuote.

"Many people haven't been able to accumulate much of anything and want to leave something behind beyond a bunch of socks and underwear," Udell said.

The changes generally apply to life insurance that requires "full underwriting," a process to determine risk and pricing, which includes reviewing health records and can require a medical exam. The review can facilitate qualifying for significantly higher coverage amounts than other types of life insurance.

Insurers said they are making the changes for their companies' long-term financial health and ability to pay claims for existing policyholders. A Mutual of Omaha spokeswoman said the company acted on the advice of its reinsurers, companies that insure life insurers.

People aged 65 and older account for eight out of every 10 deaths from the novel coronavirus in the United States, according to the U.S. Centers for Disease Control and Prevention (CDC).

Policies for people in their 70s represent anywhere from 2% to 3.5% of sales, some of the insurers told Reuters.

(Reporting by Suzanne Barlyn; Editing by Paul Simao)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BYD COMPANY LIMITED
06/05BYD : A Glimpse into BYD's Blade Battery Factory in Chongqing
AQ
06/05BYD : Sales Decline Narrowed Further in May
DJ
06/02China's BYD Gets Extension on $1 Billion California Mask Deal -- Update
DJ
06/02China's BYD Gets Extension on $1 Billion California Mask Deal
DJ
06/01WARREN BUFFETT : Buffett-backed BYD to supply EV batteries to Ford
RE
05/27Electric-Car Sales Sag in China -- WSJ
DJ
05/26BYD Semiconductor Unit Gets CNY1.9 Billion Investment
DJ
05/26Electric-Car Sales Shrink in China but Remain a Government Priority
DJ
05/23BYD : President of Uruguay Launches BYD's Electric Bus Fleet for CUTCSA, Uruguay..
AQ
05/19Cyber attack on easyJet gets details of 9 million customers
RE
More news
Financials
Sales 2020 139 B 19 692 M 19 692 M
Net income 2020 2 465 M 348 M 348 M
Net Debt 2020 61 447 M 8 678 M 8 678 M
P/E ratio 2020 47,8x
Yield 2020 0,15%
Capitalization 158 B 22 288 M 22 286 M
EV / Sales 2019
EV / Sales 2020 1,57x
Nbr of Employees 229 154
Free-Float 49,1%
Chart BYD COMPANY LIMITED
Duration : Period :
BYD Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BYD COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 46,02 CNY
Last Close Price 47,28 CNY
Spread / Highest target 78,1%
Spread / Average Target -2,66%
Spread / Lowest Target -50,2%
EPS Revisions
Managers
NameTitle
Chuan Fu Wang Chairman, President & General Manager
Jun Qing Dong Chairman-Supervisory Board
Ya Lin Zhou Chief Financial Officer
Zuo Quan Xia Non-Executive Director
Xiang Yang Lü Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
BYD COMPANY LIMITED33.20%22 288
FERRARI N.V.3.21%31 564
SAIC MOTOR CORPORATION LIMITED-23.56%30 070
MARUTI SUZUKI INDIA LTD-22.02%22 972
FIAT CHRYSLER AUTOMOBILES N.V.-29.42%16 527
EXOR N.V.-20.03%14 480