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Atos contemplates fire sale as break-up plan falters

CIO

Negotiations over the sale of its legacy infrastructure services business are dragging on, and the company is contemplating the sale of more profitable activities such as its big data and security business to meet debt repayment obligations. French IT services company Atos is floundering as it seeks to refocus its business.

Sales 725
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Jackson Financial rides out Q4 loss with solid sales and capital, new reinsurer

Wink Intel

Jackson Financial executives touted the potential for Brooke Re, a wholly owned reinsurer established in January, while explaining a fourth-quarter loss of $1.56 Click HERE to read the full story via INN The post Jackson Financial rides out Q4 loss with solid sales and capital, new reinsurer appeared first on Wink, Inc.

Loss 40
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IT services company Atos finalizes plan for IBM-style split

CIO

The deal will spell an end to the current one-stop shop for IT services that it offers its enterprise customers, but will free up capital and cash-flow for it to invest in more modern activities: digital transformation , smart digital platforms, cloud technology, cybersecurity, high-performance computing and AI.

IT 617
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Step 1 to becoming a business-savvy CIO

CIO

For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses). Marketing and sales had measured success by how many new card accounts were opened.

Business 696
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CIOs are worried about the informal rise of generative AI in the enterprise

CIO

Employees are using it to develop software, write code, create content, and prepare sales and marketing plans. One executive said that it’s essential to toughen up basic security measures like “a combination of access control, CASB/proxy/application firewalls/SASE, data protection, and data loss protection.”

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Lincoln Financial Aims to Rebuild Capital by Changing Sales Mix

Wink Intel

billion third-quarter net loss , by increasing sales of products that can generate the most profits per dollar of capital. The post Lincoln Financial Aims to Rebuild Capital by Changing Sales Mix appeared first on Wink. Click HERE to read the full story via ThinkAdvisor.

Capital 40
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American Equity Reports Record $7+ Billion Annual FIA Sales and Strong Financial Results to Cap a Historic 2023

Wink Intel

Sales of fixed index annuities remained strong supported by the company’s continued emphasis on its guaranteed retirement income product offerings. FIA sales for the year were a record $7.0 This reflects a modification of the AEL 2.0

Sales 40