Management's discussion and analysis reviews our consolidated financial position at December 31, 2022 compared with December 31, 2021, and our consolidated results of operations for the years ended December 31, 2022 and 2021, and where appropriate, factors that may affect future financial performance. This analysis should be read in conjunction with…
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The following discussion and analysis of our consolidated financial condition and results of operations should be read in conjunction with our audited consolidated financial statements and related notes for the years ended December 31, 2022, 2021 and 2020 included in Item 8 of this Annual Report. This discussion includes forward-looking statements and…
Overview Our business Genworth Financial, through its principal insurance subsidiaries, offers mortgage and long-term care insurance products. Genworth Financial is the parent company of Enact Holdings, a leading provider of private mortgage insurance in the United States through its mortgage insurance subsidiaries. Genworth Financial's U.S. life…
On February 23, 2023, Assurant, Inc. entered into an underwriting agreement with J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, relating to the public offering and sale by the Company of $175.0 million aggregate principal amount of 6.100% Senior Notes due 2026. The 2026 Notes were…
–Oxbridge Re today announced that Oxbridge Acquisition Corp., a Cayman Islands special purpose acquisition company, issued a press release and filed a Current Report on Form 8- K with the Securities and Exchange Commission in connection with a Oxbridge Acquisition business combination with Jet Token Inc., a Delaware based company. AI Inc. Jet offers…
–Philadelphia Insurance Companies announces the appointment of President and CEO John W. Glomb, Jr. to Executive Officer with Tokio Marine Holdings, Inc. The appointment is effective as of April 1, 2023. Mr. Glomb will continue to serve as CEO at PHLY and Tokio Marine North America Services while supporting global efforts in his new Executive Officer role with…
For discussion of 2020 items and year-over-year comparisons between 2021 and 2020 that are not included in this Form 10- K, refer to Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" found in our Annual Report on Form 10- K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on…
The following Management's Discussion and Analysis of Financial Condition and Results of Operations is intended to assist in an understanding of our financial condition and results of operations and should be read in conjunction with our consolidated financial statements and accompanying notes in "Item 8- Financial Statements and Supplementary Data"…
James River Group Holdings, Ltd. is a Bermuda- based holding company. For the year ended December 31, 2022, approximately 71.2% of our group-wide gross written premiums and 90.3% of our group-wide net written premiums originated from the U.S. E&S lines market, which we believe puts us among the top three publicly traded insurers as ranked by highest…
Pan-American Life Insurance Group, a leading provider of life, accident, and health insurance throughout the Americas, announced today financial results for the full year ending December 31, 2022*. “PALIG achieved another year of strong operating results and successfully completed the merger of Mutual Trust Life Insurance Company into Pan-American Life…
Revenues for the year ended December 31, 2022 were $980.7 million, an increase of $413.4 million, or 73%, year over year. The Partnership Contribution accounted for $280.7 million of the increase to revenues and organic growth accounted for $132.6 million. Operating expenses for the year ended December 31, 2022 were $1.0 billion, an increase of $412.9 million,…
As I reflect on the current state of BRP, I start with last year's theme: Transformation. By all measures, relative to the business we founded just over a decade ago and the one we took public in 2019, the BRP of today has been transformed. We have grown revenue from approximately $5 million at our founding in 2011, to approximately $140 million in the year of our IPO, to…
According to news reporting originating from Chongqing, People’ s Republic of China, by NewsRx correspondents, research stated,“ Eliminating poverty due to illness is an important way for China to pursue common prosperity.”. Financial supporters for this research include The National Social Science Fund of China. The news journalists obtained a quote from the…
PGIM High Yield Bond Fund, Inc., PGIM Global High Yield Fund, Inc. and PGIM Short Duration High Yield Opportunities Fund declared today monthly distributions for March, April and May 2023. PGIM Investments, LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. PGIM is the global asset management…
Assurant, Inc., a leading global business services company that supports, protects and connects major consumer purchases, today announced the closing of a public offering of $175.0 million aggregate principal amount of its 6.100% Senior Notes due 2026. J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers for the…
Ambac Financial Group, Inc., a financial services holding company, today reported net income attributable to common stockholders of $175 million or $3.86 per diluted share and adjusted earnings of $190 million or $4.18 per diluted share for the quarter ended December 31, 2022. Book value per share increased $5.42 to $27.85 and adjusted book value per share…
–Verisk, a leading global data analytics provider, today announced results for the fourth quarter and fiscal year ended December 31, 2022. “We completed a significant transformation of Verisk in 2022, returning to a dedicated data analytics and technology partner to the global insurance industry while continuing to deliver value to shareholders through…
Doma Holdings, Inc., a leading force for disruptive change in the real estate industry, today reported quarterly financial results and key operating data for the three months and full year ended December 31, 2022. "We are now seeing the tangible benefits of the significant actions we took last year to protect our bottom line and to achieve our industry…
BRP Group, Inc., an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial Clients, today announced its results for the fourth quarter and full year ended December 31, 2022. This further showcases the strength and resilience of our business model and highlights BRP's ability to deliver…
