—MILWAUKEE— MGIC Investment Corp. on Tuesday reported third-quarter net income of $182.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
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Voya Financial, Inc., a leading health, wealth and investment company, announced today its third-quarter 2023 financial results:. Net income available to common shareholders of $2.29 per diluted share. After-tax adjusted operating earnings 1 of $1.74 per diluted share, which reflects the continued benefit of Voya's diversified revenue streams and strong…
Equitable Holdings, Inc. today announced financial results for the third quarter ended September 30, 2023. In Wealth Management, our fastest growing business, we continue to see strong, organic growth with $1.6 billion of net inflows, or an 8% annualized organic growth rate. In Asset Management, while we were not immune to industry-wide outflows in the quarter,…
Assurant, Inc., a leading global business services company that supports, protects and connects major consumer purchases, today reported results for the third quarter ended September 30, 2023. GAAP net income increased to $190.1 million, compared to third quarter 2022 of $7.3 million, while net income per diluted share increased to $3.54 versus the prior year…
Significant Earnings and EPS Growth Driven by Continued Strong Performance in Global Housing and Growth in Global Lifestyle. ATLANTA, October 31, 2023- Assurant, Inc., a leading global business services company that supports, protects and connects major consumer purchases, today reported results for the third quarter ended September 30, 2023.
Net income of $202.0 million for the third quarter of 2023; after-tax adjusted operating income was $381.7 million. Results reflect continued strong execution, positive underlying trends, and a favorable environment highlighted by robust disability margins, and core operations premium growth of 6.1 percent on a constant currency basis. Strong balance…
—LOS ANGELES— Mercury General Corp. on Tuesday reported a loss of $8.2 million in its third quarter. The Los Angeles- based company said it had a loss of 15 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
Corebridge Financial, Inc. today announced that it has successfully completed the previously announced sale of Laya Healthcare Limited to a subsidiary of AXA S.A.. Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $370 billion in assets under management and administration as of June 30, 2023,…
Insured losses from Hurricane Otis are likely to fall to reinsurance companies, causing further reinsurance market hardening and creating exposure management challenges for primary companies in the upcoming renewals, according to a new AM Best commentary. Hurricane Otis, which made landfall in Mexico on Oct. 25, 2023, near Acapulco, Guerrero, as a Category 5…
–Arthur J. Gallagher& Co. today announced it has completed the previously disclosed acquisition of Natick, Massachusetts- based Eastern Insurance Group, LLC, a subsidiary of Eastern Bank. Arthur J. Gallagher& Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. SOURCE Arthur J. Gallagher&…
Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation said, "We delivered another quarter of solid financial results. New insurance written was $14.6 billion, compared with $12.4 billion in the second quarter of 2023 and $19.6 billion in the third quarter of 2022. Annual persistency, or the percentage of insurance remaining in force from one year…
LOS ANGELES, Oct. 31, 2023/ PRNewswire/– Mercury General Corporation reported today for the third quarter of 2023:. CEO Gabe Tirador commented: "We are pleased that our rate and non-rate actions are manifesting in our improved underwriting results. The dividend will be paid on December 28, 2023 to shareholders of record on December 14, 2023.
The Tennessee Department of Commerce& Insurance's Securities Division is among 30 state regulators and the Commodity Futures Trading Commission participating in a settlement with a precious metals dealer and its owner for operating a nationwide $68 million fraudulent scheme targeting elderly and retirement-aged persons. The settlement resolves the…
The American Property Casualty Insurance Association issued the following news release:. Despite the surplus growth, the June 30 aggregate value of $1.04 trillion remains below the high-water mark of $1.05 trillion set at the end of 2021, meaning that there is less capital and surplus per unit of risk exposure today than there was 18 months ago.
The American Council of Life Insurers issued the following statement on Oct. 30, 2023:. The American Council of Life Insurers, the American Property Casualty Insurance Association and the Reinsurance Association of America issued the following comments today on Insurance Europe's response to the European Insurance and Occupational Authority's…
WASHINGTON, Oct. 31– America's Health Insurance Plans issued the following news release:. AHIP issued this statement as the Health Care Payment Learning& Action Network released the results of its calendar year 2022 Alternative Payment Model measurement survey conducted in partnership with AHIP and the Blue Cross Blue Shield Association.
A Las Vegas art appraiser has been charged in federal court with helping a controversial restaurateur and a New Orleans police officer carry out a scheme to soak an insurance company over an art heist that never happened. Federal authorities in April secured a guilty plea from the restaurateur, Fouad Zeton, and assuming Schofield pleads guilty, prosecutors…
Medicare fraud costs Americans an estimated $60 billion per year. It also affects Medicare beneficiaries in terms of time, stress and health. About 60 people, mostly senior citizens, attended last week's Scam Jam— a fraud awareness event— and heard about how to detect and prevent health care-related scams from Armeta Coley, a senior Medicare Patrol coordinator…
Wednesday starts a new way for Virginians to get Obamacare coverage, with the launch of Virginia's Insurance Marketplace. Virginia set up this health insurance marketplace, replacing the federal government's healthcare.gov, in order to enroll more residents in affordable coverage and tailor the insurance shopping experience to Virginians.
