Principal Financial Group ® announced results for third quarter 2023.. Non-GAAP operating earnings per diluted share of $1.72 for third quarter 2023 compared to $1.60 per diluted share for third quarter 2022. Third quarter 2023 non-GAAP operating earnings reflected the following significant variances 2 as noted in Exhibit 1: Results of the annual…
Newswires
26 October, 2023- SiriusPoint Ltd., a global specialty insurer and reinsurer, and Bermuda- based Managing General Agent Banyan Risk Ltd have today announced an extension of their partnership. The deal announced today begins a three-year extension of the commercial relationship between Banyan and SiriusPoint and concludes the 100% transfer of ownership…
–Arthur J. Gallagher& Co. today reported its financial results for the quarter ended September 30, 2023. Management will host a webcast conference call to discuss these results on Thursday, October 26, 2023 at 5:15 p.m. ET/ 4:15 p.m. CT. "We had an excellent third quarter," said J. Patrick Gallagher, Jr., Chairman, President and CEO.
The Hartford today announced financial results for the quarter ended Sept. 30, 2023. “The Hartford continues to deliver strong financial performance with a 12- month core earnings ROE of 14.9 percent, "said The Hartford's Chairman and CEO Christopher Swift." Looking ahead there is much to be bullish about at The Hartford.
On October 16, 2023, Reinsurance Group of America, Incorporated determined that the Company had experienced a cybersecurity incident in which an unauthorized third party gained access to certain technology systems of the Company. The Company currently believes that this unauthorized third party gained such access on October 15, 2023.
Kinsale Capital Group, Inc. reported net income of $76.1 million, $3.26 per diluted share, for the third quarter of 2023 compared to $33.0 million, $1.43 per diluted share, for the third quarter of 2022. Net operating earnings were $77.2 million, $3.31 per diluted share, for the third quarter of 2023 compared to $37.9 million, $1.64 per diluted share, for the third…
Universal Insurance Holdings reported third quarter 2023 results. “The third quarter benefited from strong and improving underlying trends and I’ m optimistic as I look forward,” said Stephen J. Donaghy, Chief Executive Officer.“ During the quarter, Hurricane Idalia made Florida landfall, and, as always, we were there immediately to assist our policyholders in…
–Cincinnati Financial Corporation today reported:. Third-quarter 2023 net loss of $99 million, or $0.63 per share, compared with a net loss of $416 million, or $2.63 per share, in the third quarter of 2022, after recognizing a $362 million third-quarter 2023 after-tax reduction in the fair value of equity securities still held. $145 million or 125% increase in…
–Financial Institutions, Inc., parent company of Five Star Bank, SDN Insurance Agency, LLC and Courier Capital, LLC, today reported financial and operational results for the third quarter ended September 30, 2023.. Total deposits were $5.32 billion at September 30, 2023, up $281.1 million, or 5.6%, from June 30, 2023 and up $410.8 million, or 8.4%, from one year prior….
AM Best will participate in a variety of sessions at the Casualty Actuarial Society’ s Annual Meeting, which will take place Nov. 5-8, 2023, in Los Angeles. Tom Mount, senior director, AM Best, will discuss the year-end 2022 reserve positions of the U.S. property/casualty segment. The second session, titled,“ D&O Insurance-Navigating the Complexities,” will look at the…
The recent decision by Scripps Health to stop its clinic and coastal medical groups from participating in Medicare Advantage plans created uncertainty for thousands of seniors. Research performed by San Diego's widely-respected Health Insurance Counseling& Advocacy Program indicates that patients with preferred provider organization Medicare…
The following incidents were reported to the Columbus County Sheriff's Office. Larceny of a trailer, 3:49 p.m., U-Haul, 2119 James B. White Hwy. N., Whiteville. Driving while license revoked, no liability insurance, fictitious plate, simple possession schedule VI controlled substance and simple possession schedule III controlled substance, 2:53 p.m., 5600…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Starr International Insurance Public Company Limited. Although SIIT has a small absolute capital base, it benefits from good financial flexibility and reinsurance support provided by Starr Group. While the company's earnings have been volatile prior to its…
Your Health Idaho, which offers tax credits to Idahoans based on their income, began open enrollment last week, on Oct. 15. Enrollment will stay open until midnight Dec. 15. We hope all Idahoans who need coverage but don’ t think they can afford it will take a moment to see what Your Health Idaho has to offer; they’ ll be surprised at just how affordable health insurance can…
The $9.9 million settlement, outlined in a letter Thursday from Hartford Mayor Luke Bronin to the city council, calls for the city to pay that amount to Arch Insurance Co., the insurance company that financed the completion of the $71 million ballpark just north of downtown that amount. The settlement has been agreed upon by those involved in the litigation,…
Janet Hill, the health department's Chief Operating Officer, also said that the availability of Pfizer vaccines for all ages will be phased out for all ages after the current supply is depleted. However, she added, after these doses are given, no more Pfizer doses will be available at the Rock Island County Health Department. Both Pfizer and Moderna doses are…
The documents reveal two massive loopholes that make the deal Lara cut to deregulate insurance in California, in return for a "commitment" from insurers to expand home insurance coverage in wildfire areas to 85% of their market share outside risky areas, a fraud. He must explain to the public how he can support an agreement that eviscerates insurance oversight…
WASHINGTON, D.C.– U.S. Senators Sherrod Brown, D- OH, Tammy Baldwin, D- WI, Elizabeth Warren, D- MA, and Sheldon Whitehouse, D- RI, have introduced legislation to provide stability for all individuals eligible for Medicaid or the Children’ s Health Insurance Program by ensuring that they can depend on their coverage for a continuous 12- month period. The senators’ bill, the…
Under the PRC GAAP, as at 30 September 2023, changes in actuarial assumptions resulted in an increase in liabilities of life insurance contracts by RMB1, 802 million and an increase in liabilities of long-term health insurance contracts by RMB2, 589 million, which in aggregate reduced profit before tax by RMB4, 391 million for the nine months ended 30 September…
