
S&P initiates coverage and assigns 'A' rating to Fidelidade
S&P anticipates that, over the next two years, Fidelidade will maintain its leadership position in both the domestic and international markets, continue to display robust capital strength and profitability, with solid annual growth and prudent risk management.
In its assessment, S&P highlighted that Fidelidade has achieved an earnings diversification and a globalized insurance portfolio, leveraging its leading market positions with a 30% market share in Portugal and international operations in Peru, Chile, Africa, and Asia. In 2024, Fidelidade recorded a consistent financial performance with a 12.6% growth in insurance revenues and net income of EUR173.5 million. It is worth noting that Fidelidade's Solvency II ratio reached 194% at year-end 2024, demonstrating its consistent profitability and strong capitalization. Additionally, its international operations accounted for 30% of its total premiums, marking a substantial progress in Fidelidade's globalization strategy.
The assignment of 'A' rating to Fidelidade by S&P highlights S&P's firm recognition of Fidelidade's quality and balance business portfolio, growing international diversification, consistent financial performance and solid capital position.
This marks the second 'A' credit rating achieved by Fidelidade. In September 2024, Fitch Ratings, another world's leading international credit rating agency, upgraded Fidelidade's ratings to A+ from A (Insurer Financial Strength – IFS) and A from A- (Issuer Default Rating – IDR), with a Stable Outlook – the highest rating ever awarded by Fitch to a Portuguese company at the time.
Rogério Campos Henriques, CEO of Fidelidade, stated, 'The recognition by two of the world's leading rating agencies reinforces confidence in the strategy we have been pursuing. It is the result of rigorous financial discipline, prudent management, and a clear focus on creating value for our customers, shareholders, and partners.'
Fidelidade is one of the four core subsidiaries of Fosun International (00656.HK). It has consistently maintained the top market share in Portugal for many years, with operations spanning across Europe, Africa, Latin America, Macau SAR, and other countries and regions. In recent years, leveraging Fosun's global ecosystem, Fidelidade has not only continued to solidify its leading position in the Portuguese market but has also achieved remarkable results in international business expansion and innovative development, particularly gaining a leading position in markets such as Peru and Bolivia.
View original content: https://www.prnewswire.com/news-releases/sp-initiates-coverage-and-assigns-a-rating-to-fidelidade-302509315.html
SOURCE Fosun
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing
WASHINGTON (AP) — President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. "Japan is putting up $550 billion in order to lower their tariffs a little bit," Trump said Thursday. 'They put up, as you could call it, seed money. Let's call it seed money.' He said 90% of any profits from the money invested would go to the U.S. even if Japan had put up the funds. 'It's not a loan or anything, it's a signing bonus,' the Republican president said, on the trade framework that lowered his threatened tariff from 25% to 15%, including on autos. A White House official said the terms are being negotiated and nothing has been formalized in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the $550 billion fund to make investments at Trump's direction. The sum is significant: It would represent more than 10% of Japan's entire gross domestic product. The Japan External Trade Organization estimates that direct investment into the U.S. economy topped $780 billion in 2023. It is unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans. What the trade framework announced Tuesday has achieved is a major talking point for the Trump administration. The president has claimed to have brought trillions of dollars in new investment into the U.S., though the impact of those commitments have yet to appear in the economic data for jobs, construction spending or manufacturing output. The framework also enabled Trump to say other countries are agreeing to have their goods taxed, even if some of the cost of those taxes are ultimately passed along to U.S. consumers. On the $550 billion, Japan's Cabinet Office said it involves the credit facility of state-affiliated financial institutions, such as Japan Bank for International Cooperation. Further details would be decided based on the progress of the investment deals. Japanese trade negotiator Ryosei Akazawa, upon returning to Japan, did not discuss the terms of the $550 billion investment. Akazawa said he believes a written joint statement is necessary, at least on working levels, to avoid differences. He is not thinking about a legally binding trade pact. The U.S. apparently released its version of the deal while Japanese officials were on their return flight home. 'If we find differences of understanding, we may have to point them out and say 'that's not what we discussed,'' Akazawa said. The U.S. administration said the fund would be invested in critical minerals, pharmaceuticals, computer chips and shipbuilding, among other industries. It has said Japan will also buy 100 airplanes from Boeing and rice from U.S. farmers as part of the framework, which Treasury Secretary Scott Bessent said would be evaluated every three months. 'And if the president is unhappy, then they will boomerang back to the 25% tariff rates, both on cars and the rest of their products. And I can tell you that I think at 25, especially in cars, the Japanese economy doesn't work,' Bessent told Fox News' 'The Ingraham Angle.' Akazawa denied that Bessent's quarterly review was part of the negotiations. 'In my past eight trips to the United States during which I held talks with the president and the ministers," Akazawa said. 'I have no recollection of discussing how we ensure the implementation of the latest agreement between Japan and the United States.' He said it would cause major disruptions to the economy and administrative processes if the rates first rise to 25% as scheduled on Aug. 1 and then drop to 15%. 'We definitely want to avoid that and I believe that is the understanding shared by the U.S. side,' he said. On buying U.S. rice, Japanese officials have said they have no plans to raise the current 770,000-ton 'minimum access' cap to import more from America. Agricultural Minister Shinjiro Koizumi said Japan will decide whether to increase U.S. rice imports and that Japan is not committed to a fixed quota. Trump's commerce secretary, Howard Lutnick, has suggested that the Japanese agreement is putting pressure on other countries such as South Korea to strike deals with the U.S. Trump, who is traveling in Scotland, plans to meet on Sundayv with European Commission President Ursula von der Leyen to discuss trade. 'Whatever Donald Trump wants to build, the Japanese will finance it for him,' Lutnick said Thursday on CNBC. 'Pretty amazing.' ___ Yamaguchi reported from Tokyo. Josh Boak And Mari Yamaguchi, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 minutes ago
- Yahoo
1 No-Brainer High-Dividend S&P Index Fund to Buy Right Now for Less Than $50
Key Points The SPDR Portfolio S&P 500 High Dividend ETF is a low-cost dividend index fund. It provides exposure to the highest-paying dividend stocks in the S&P 500. With a 0.07% expense ratio, it's a smart way to create passive income and strong total return potential. 10 stocks we like better than SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend ETF › There are dozens of excellent dividend-focused ETFs in the stock market, but one that could be especially appealing to long-term income investors is the SPDR Portfolio S&P 500 High Dividend ETF (NYSEMKT: SPYD). As the name suggests, the SPDR Portfolio S&P 500 High Dividend ETF is an index fund that focuses on S&P 500 (SNPINDEX: ^GSPC) companies with above-average dividend yields. It has a rock-bottom fee structure and could be an excellent way to get both growth and income potential in your portfolio without excessive volatility. The top quintile of S&P 500 dividend stocks Many investors don't realize it, but more than 80% of the stocks in the S&P 500 pay dividends. As of this writing, 408 of the 502 stocks in the index pay regular dividends. (Note: There are slightly more than 500 stocks because some stocks, like Alphabet, have more than one share class.) The SPDR Portfolio S&P 500 High Dividend ETF is an index fund that tracks the 80 highest-yielding companies in the S&P 500. The cutoff to be among the top 80 is a dividend yield of roughly 3.7%, although this isn't always the case due to share price fluctuations and other factors. Here's a look at some of the fund's largest holdings: Company (Symbol) % of the SPYD ETF Current Dividend Yield Phillip Morris 1.85% 3% Hasbro 1.77% 3.6% Franklin Resources 1.58% 5.3% AT&T 1.58% 4.1% Crown Castle 1.57% 4% AES 1.54% 5.1% Data source: State Street. Table by author. Over the past 12 months, the SPDR Portfolio S&P 500 High Dividend ETF has a distribution yield of about 4.5%, making it one of the higher-paying dividend ETFs in the market. It has a rock-bottom 0.07% expense ratio, which means that for every $1,000 you invest in the fund, your annual investment costs are just $0.70. To be clear, this isn't a fee you have to pay -- it will simply be reflected in the performance over time. Speaking of performance, since the fund's 2015 inception, it has delivered an annualized total return of about 8.5%. That's somewhat lower than the S&P 500 as a whole, but keep in mind that the S&P's total returns have been largely fueled by megacap tech stocks (which aren't included in this fund), and that many high-dividend stocks have far more consistent cash flows and less volatility, so there's a bit of a trade-off. In a nutshell, the SPDR Portfolio S&P 500 High Dividend ETF is a low-volatility way to achieve solid total returns and a consistent income stream over time. Why buy the SPDR Portfolio S&P 500 High Dividend ETF? This is an excellent ETF for income-seeking investors who also worry about capital preservation, but who don't want to simply put their money in fixed-income instruments like a bond ETF. It might not be the best fit for investors looking to grow their portfolio more aggressively. It's worth noting that although the S&P 500 is near an all-time high, the SPDR Portfolio S&P 500 High Dividend ETF is still about 8% below its peak. However, a falling interest rate environment, like most experts believe will happen over the next couple of years, could disproportionately benefit high dividend stocks. I don't want to turn this into a math lesson, but the general idea is that as risk-free interest rates fall (like Treasury yields), the yields of other income-focused instruments like high dividend stocks tend to fall as well. Since yield and price have an inverse relationship, this could cause shares of the SPDR Portfolio S&P 500 High Dividend ETF to gravitate higher. In short, this is an excellent income ETF to hold for the long term, and now could be an opportune time to buy before the Federal Reserve starts lowering rates. Should you buy stock in SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend ETF right now? Before you buy stock in SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Crown Castle. The Motley Fool recommends Hasbro and Philip Morris International. The Motley Fool has a disclosure policy. 1 No-Brainer High-Dividend S&P Index Fund to Buy Right Now for Less Than $50 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
18 minutes ago
- Bloomberg
KKR Said in Talks to Buy Data-Center Firm STT GDC in $5b Deal
KKR & Co. is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5 billion, according to people familiar with the matter. The US investment firm and ST Telemedia Pte could reach a deal in the coming weeks, the people said. KKR is already a backer in the closely held data center company known as STT GDC with a 14.1% stake. At a more than $5 billion valuation, the deal could be among the largest for KKR this year, according to data compiled by Bloomberg.