Year ended December 31, 2021 compared to year ended December 31, 2020. For a comparison of years ended December 31, 2021 and December 2020, see "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations "of our annual report on Form 10- K for the fiscal year ended December 31, 2021, which was filed with the SEC on February…
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–Today, the Board of Directors of United Fire Group, Inc. declared a common stock quarterly cash dividend of $0.16 per share. Founded in 1946 as United Fire& Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. A.M. Best Company assigns a rating of "A" for members of the United Fire&…
In this section, we review the consolidated financial condition of CNO and its consolidated results of operations for the years ended December 31, 2022, 2021 and 2020 and, where appropriate, factors that may affect future financial performance. Please read this discussion in conjunction with the consolidated financial statements and notes included in this…
The Company conducts its operations through a number of regulated insurance company subsidiaries organized into three major segments: General Insurance, Title Insurance and Republic Financial Indemnity Group Run-off. A small life and accident insurance business, accounting for 0.1% of consolidated operating revenues for the year ended December 31,…
Index to Management's Discussion and Analysis of Financial Condition and Results of Operations Page Cautionary Note Regarding Forward-Looking Statements 39 Overview 40 Industry Trends 42 Critical Accounting Policies 43 Consolidated Results of Operations 47 Results of Operations by Segment 51 U.S. and Latin America Operations 51 Canada Operations…
INDEX TO MD&A Page Page Objective 28 Results of Operations- Fourth Quarter 50 Overview 28 Segmented Statement of Earnings 50 Critical Accounting Policies 29 Property and Casualty Insurance 51 Liquidity and Capital Resources 29 Holding Company, Other and Unallocated 59 Ratios 29 Condensed Consolidated Cash Flows 30 Results of Operations- Full Year 62…
The 48- page, 13- count indictment handed down by a federal grand jury in Charlotte accuses the Durham business magnate and two co-conspirators of illegally siphoning vast amounts of money from Lindberg’ s insurance companies for his personal use, then lying to regulators to hide their $2 billion scheme. The case was investigated by the Charlotte office of the…
–World Insurance Associates LLC, a Top 50 Insurance Brokerage, announced today that it acquired the business of Durfee Buffinton Insurance Agency, Inc. of Fall River, MA on December 31, 2022. “Our mission has always been to provide insurance products and services to individuals and businesses that safeguard their assets from financial loss,” says Walter A. Brown,…
The CEO of the health insurance provider for Clark County School District teachers says he has a "very high degree of confidence" the insurer will be in a good position to pay back a $35 million loan from the school district. THT Health- which has faced years of financial turmoil and received multiple bailouts- gave an information-only update to the School Board…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating A and the Long-Term Issuer Credit Rating of“ a” of Mutual of America Life Insurance Company. These Credit Ratings reflect MofA’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, favorable business…
RLI Corp. is a U.S. based, specialty insurance company that underwrites select property and casualty insurance through major subsidiaries collectively known as RLI Insurance Group. Our focus is on niche markets and developing unique products that are tailored to customers' needs. We hire underwriters and claim examiners with deep expertise and provide…
The following is a discussion and analysis of the financial condition and results of operations for the year ended December 31, 2022 and 2021. Comparisons between 2021 and 2020 have been omitted from this Form 10- K, but may be found in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 of the Company's…
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION The following is a discussion and analysis of our results of operations and financial condition for the years ended December 31, 2022 and 2021. year ended December 31, 2020. financial strength of the reinsurer or insurer, ratings of the reinsurer or insurer by A.M. Best…
Beleaguered N.C. billionaire Greg Lindberg, already facing retrial on accusations that he tried to bribe a state official, was indicted Friday on a rash of new criminal charges that further threaten his freedom.
We had total assets of $22.6 billion and $23.5 billion at December 31, 2022 and 2021, respectively. We are subject to comprehensive regulation and examination by the Massachusetts Commissioner of Banks, the Federal Deposit Insurance Corporation, the Federal Reserve Board and the Consumer Financial Protection Bureau. We manage our business under two…
New Jersey, USA—- 02/24/2023– The latest study released on the Global Insurance Analytics Software Market by HTF MI Research evaluates market size, trend, and forecast to 2029. The Insurance Analytics Software market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people…
Stock Yards Bancorp, Inc., is a FHC headquartered in Louisville, Kentucky and is engaged in the business of banking through its wholly owned subsidiaries, Stock Yards Bank& Trust Company and SYB Insurance Company, Inc.. Bancorp, which was incorporated in 1988 in Kentucky, is registered with, and subject to supervision, regulation and examination by, the Board of…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Park Assurance Company. The ratings further reflect Park’ s sophisticated risk management strategy and practices, experienced management team and its integral role as a single-parent captive of JPMorgan Chase Holdings LLC, which is a subsidiary of JPMorgan…
James Rousey submitted a letter of resignation stating his desire to retire. In this regard, he retired as President of UTG, Inc. and its subsidiary, Universal Guaranty Life Insurance Company as well as his position as a Director of both entities. The Board of Directors of UTG, Inc. and Universal Guaranty Life Insurance Company formally accepted the resignation…
