Advice& Wealth Management pretax adjusted operating earnings increased 34 percent to a record $472 million driven by robust client net flows, higher transactional activity, market appreciation, increased bank profitability and disciplined expense management. Adjusted operating net revenues grew 19 percent to $2.1 billion, reflecting strong client net…
Newswires
It should be read in conjunction with the documents that the Company files with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934.. AXIS Capital Holdings Limited's underwriting operations are organized around its global underwriting platforms, AXIS Insurance and AXIS Re.
Net income available to common shareholders of $588 million, or $6.90 per diluted common share, and operating income of $436 million, or $5.12 per diluted common share Improvement of 3.5 points in current accident year combined ratio, excluding catastrophe and weather-related losses, compared to the prior year, to 88.7% Return on average common equity of…
–Univest Financial Corporation, parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today announced net income for the year ended December 31, 2021 of $91.8 million, or $3.11 diluted earnings per share, compared to net income of $46.9 million, or $1.60 diluted earnings per share, for the year ended…
RLI Corp.– RLI Corp. reported fourth quarter 2021 net earnings of $95.3 million, compared to $83.8 million for the fourth quarter of 2020. Underwriting income of $49.7 million on a combined ratio of 80.7. 12% increase in gross premiums written. Favorable development in prior years’ loss reserves, resulting in a $24.2 million net increase in underwriting income….
On Tuesday, San Jose, California, made history by voting for a measure that would require gun owners to have liability insurance and pay $25 annual fees that would go toward firearm safety education and training, suicide prevention, and domestic violence and mental health services. I think that Mayor Sam Liccardo’ s response was on point:. “This won’ t stop mass…
The state's marketplace for health insurance has extended open enrollment through February to allow more people affected by the coronavirus pandemic to sign up. The insurance, known as Obamacare, was created largely for people who do not get coverage from their employers. It has grown in popularity, especially since the public health crisis began.
Kin Insurance, Inc., a leading direct-to-consumer homeowners insurance technology company, and Omnichannel Acquisition Corp., a publicly traded special purpose acquisition company, announced today that the companies have mutually agreed to terminate their previously announced agreement and plan of merger, effective immediately.
–Aflac Incorporated, today announced that it is one of 418 companies across 45 countries and regions to join the 2022 Bloomberg Gender-Equality Index, a modified market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting. This aligns with our long time commitment to fair…
A Greensboro businessman pleaded guilty on Tuesday for his role in a sweeping urine-testing conspiracy in Charlotte and across the state that defrauded North Carolina's Medicaid program out of some $14 million. Newly filed documents in the case allege that Richard Graves, 49, was among a list of named and unnamed co-conspirators who paid millions in…
The National Association for Gun Rights and gun owner Mark Sikes sued San Jose in federal court Tuesday after City Council members voted to approve the ordinance believed to be the first measure of its kind in the United States. Sikes is from San Jose. San Jose Mayor Sam Liccardo said that having liability insurance would encourage people in the 55,000…
A Mississippi pharmacist was sentenced today to five years in prison in the Southern District of Mississippi for a multimillion-dollar scheme to defraud TRICARE and private insurance companies by paying kickbacks to distributors for the referral of medically unnecessary prescriptions. The conduct resulted in more than $180 million in fraudulent…
Washington, D.C.– On Thursday, the Joint Economic Committee, led by Congressman Don Beyer, released a new report examining the economy- and society-wide benefits of closing the Medicaid coverage gap. Today, JEC Chairman Don Beyer, Senator Reverend Raphael Warnock, House Energy and Commerce Committee Chairman Frank Pallone, Jr. and Congresswoman Carolyn…
A Greensboro businessman pleaded guilty on Tuesday for his role in a sweeping urine-testing conspiracy in Charlotte and across the state that defrauded North Carolina's Medicaid program out of some $14 million. Newly filed documents in the case allege that Richard Graves, 49, was among a list of named and unnamed co-conspirators who paid millions in…
With a state grant, Yuma will reduce wildland fire hazardous fuels on 34 acres of land along the Lower Colorado River and areas within and adjacent to the West Wetlands Park, including the park's Millennial and Gowan Groves. The city received a $150,000 grant from the Arizona Department of Forestry and Fire Management. The settlement involves two personal…
Permanent life insurance offers the policyholder lifelong coverage, but it can cost much more than term life insurance. This higher premium covers the cost of lifelong coverage and the cash value component. That said, a lot goes into calculating the premiums that the policyholder will pay.
–LifeQuotes.com, the online insurtech that offers comparative quotes from 40 leading life insurers and allows customers to purchase from the company of their choice, today announced reaching 400,000 customers insured and confirmed that life insurance prices are now at all-time lows despite rising COVID deaths. Life insurance rates remain at all-time…
–Love is on the brain as we prepare for Valentine's Day, and pet owners may be wondering, "How do I know if my pet loves me?" Jacqueline Brister, veterinarian and consultant at Embrace Pet Insurance, a consistently top-rated pet health insurance provider for dogs and cats in the US, is sharing the answer. Many theorize that dogs and cats can experience feelings and…
–Permanent life insurance offers the policyholder lifelong coverage, but it can cost much more than term life insurance. This higher premium covers the cost of lifelong coverage and the cash value component. That said, a lot goes into calculating the premiums that the policyholder will pay.
