–American Overseas Group Limited today reported consolidated net loss available to common shareholders of $5.5 million, or $117.07 per diluted share, for the year ended December 31, 2021. Book value per weighted share at December 31, 2021 was $916.83, a decline from the book value per weighted share of $1,062.22 at December 31, 2020.. For the year ended December…
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The effective tax rate for the three months ended March 31, 2022 was 17.9% compared to 16.0% in the comparable period in 2021, with the increase being due to life insurance proceeds being exempt from taxable income. Net interest income before the provision for loan losses was $16.2 million for the three months ended March 31, 2022, a decrease of $179,000, or 1.1%,…
AM Best has upgraded the Long-Term Issuer Credit Rating to“ bbb+” from“ bbb” and affirmed the Financial Strength Rating of B++ of Investors Heritage Life Insurance Company, which is a subsidiary of Aquarian Insurance Holdings LLC. The outlook of these Credit Ratings is stable. The ratings reflect IHLIC’ s balance sheet strength, which AM Best assesses as strong, as well…
AM Best has upgraded the Long-Term Issuer Credit Rating to“ bbb+” from“ bbb” and affirmed the Financial Strength Rating of B++ of EquiTrust Life Insurance Company. EquiTrust previously had maintained a relatively low level of risk-adjusted capital compared with peers, primarily due to stockholder dividends paid to its parent. The company also maintains a strong…
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The following is a discussion of our results of operations, financial condition, and liquidity and capital resources as of and for the three months ended March 31, 2022. This discussion should be read in conjunction with our consolidated financial statements and related notes and our Management's Discussion and Analysis of Financial Condition and Results…
Whether you've been single all your life or became single again after a divorce or widowhood, you will likely be making most of your retirement planning decisions on your own. It will be up to you to secure your retirement years financially. You'll need a retirement income plan that supports the lifestyle you envision– and one that lowers the risk of outliving…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of National General Insurance Company. The outlook of these Credit Ratings is stable. The ratings reflect NGI’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate…
Minister Hayward said,“ This complimentary half-day event will inform key senior decision makers about why Bermuda is the best place in the world to bring innovative international business ideas to market. During these roadshows, the Bermuda delegation engaged with leading global capital allocators with combined assets under management of nearly $11…
Victoria purchases reinsurance on a facultative basis from international reinsurers of high credit quality, but it does not have catastrophe reinsurance protection in place, which is an offsetting rating factor given the company’ s exposure to earthquake risk in Kazakhstan. The ratings also factor in Victoria’ s exposure to the high levels of economic,…
–Kansas City Life Insurance Company recorded a net loss of $7.7 million or $0.79 per share in the first quarter of 2022 compared to a net loss of $0.7 million or $0.07 per share in the first quarter of 2021.. Kansas City Life Insurance Company was established in 1895 and is based in Kansas City, Missouri. The Company operates in 49 states and the District of Columbia.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and Long-Term Issuer Credit Rating of“ a-” of Agricultural Workers Mutual Auto Insurance Company. The Credit Ratings reflect Ag Workers’ balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited…
Aflac Incorporated and its subsidiaries desire to take advantage of these provisions. This report contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by Company officials in communications with the financial community and…
Her customers in Paradise say that Cohen talked them into giving her Cubic Quarters homebuilding business the bulk of their insurance payouts after she promised to supply them with fire-resistant homes, prefabricated in China, that would arrive at their properties in shipping containers. Cohen's too-good-to-be true sales pitch sounded familiar to three…
WASHINGTON, April 29– Public Citizen issued the following statement:. The U.S. Department of Health and Human Services Office of Inspector General released a report today, which found that Medicare Advantage plans deny needed care that should be covered to tens of thousands of people a year. Eagan Kemp, health care policy advocate for Public Citizen, released the…
HONG KONG and SHANGHAI, April 29, 2022/ PRNewswire/– Ping An Insurance Company of China, Ltd. today announced its first quarter financial results for the three months ended 31 March 2022. Ping An's operating profit attributable to shareholders of the parent company rose 10.0% year on year to RMB43, 047 million in the first three months of 2022.
AUSTIN— Texas leaders announced Thursday that the state will direct $435 million of federal COVID-19 money to the Teacher Retirement System of Texas. During the session, the state allocated about $286 million to help cover COVID-related health claims and keep premiums down. Joan Huffman, chair of the Senate Finance Committee.
The number of relatively frightening headlines about the economy and the likelihood of a recession is on the rise, especially after government data released Thursday showed the economy shrank in the first quarter of 2022.. The US economic growth rate plunged in the first quarterA major recession is coming, Deutsche Bank warnsDow falls 800 points on…
MOORESVILLE, N.C. and CHICAGO, April 29, 2022/ PRNewswire/– Gallagher, a global insurance brokerage, risk management and consulting services firm, today announced a new, multi-year partnership with Penske Entertainment and Team Penske, which will span across various assets at both the series and team level within the NTT INDYCAR SERIES, as well as branding within…
