March 24, 2017 7:41 AM ET

Insurance

Company Overview of Hsbc Life Assurance (Malta) Limited

Company Overview

Hsbc Life Assuarance (Malta) Limited operates as a subsidiary of HSBC Bank Malta p.l.c.

80 Mill Street

Qormi,  QRM 3101

Malta

Phone:

356 2380 8699

Fax:

356 2380 8690

Key Executives for Hsbc Life Assurance (Malta) Limited

Hsbc Life Assurance (Malta) Limited does not have any Key Executives recorded.

Hsbc Life Assurance (Malta) Limited Key Developments

Hsbc Life Assurance (Malta) Limited Announces Earnings Results for the First Half Year Ended June 30, 2016

HSBC Life Assurance (Malta) Limited announced earnings results for the first half year ended June 30, 2016. For the first half, the company reported a profit before tax of EUR 2 million compared with EUR 6.7 million in the first half of 2015. This result was largely affected by the adverse market movements in yield curve. Trading profits reduced by EUR 1 million compared to the first half of 2015 reflecting lower trading volumes and thinner foreign exchange margins. Net other operating income was increased by EUR 0.4 million compared to the first half of 2015 as a result of gains on sale of properties repossessed from non-performing customers.

Hsbc Life Assurance (Malta) Limited Announces Unaudited Earnings Results for the First Half Ended June 30, 2015

Hsbc Life Assurance (Malta) Limited announced unaudited earnings results for the first half ended June 30, 2015. The company reported a profit before tax of EUR 7 million compared with EUR 6 million in the first half of 2014. The results in 2015 benefited from a recovery in yield curve, release of model uncertainty reserve and new revenue earned on the portfolio of investment contracts transferred to the company at the end of 2014.

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