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CBA had in 2016 agreed to sell CommInsure Life and NZ equivalent Sovereign to AIA for a total $3.8 billion.

CBA sells CommInsure for reduced $2.375bn

Commonwealth Bank of Australia has renegotiated the sale of its CommInsure life insurance business to Hong Kong-based AIA for a reduced $2.375 billion.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
263rdRio Tinto12%-1%
280thANZ Banking Group9%14%
362ndWestpac-2%13%
387thCommonwealth Bank-7%14%
736 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

3rd↓Rio Tinto$49,225.3m
4th-Commonwealth Bank$27,005.0m
6th↑Westpac$21,642.0m
7th-ANZ Banking Group$21,071.0m
78 listed non wa companies ranked by revenue.
Source: Morningstar

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