Media reported that Nippon Life acquires 20% shares of PT Asuransi Jiwa Sequis Life for US$393 million, valuing the insurance company at around US$1.97 billion or about 2.46 times its total assets as at December 31, 2013 (US$800 million). For some people, this is a very aggressive valuation for a company with return on equity of 28.5%.
To subscribe please click here