Prior to the sale of Westminster on June 30, 2024, the Company had six reportable segments as described below. The Commercial segment consisted primarily of Westminster's balances and results. As a result of the sale, Westminter's results have been removed from the Commercial segment for all 2024 amounts and any remaining commercial business not associated…
Reinsurance
ProAssurance Corporation, an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $15.5 million, or $0.30 per diluted share, and operating income of $11.5 million, or $0.23 per diluted share, for the three months ended June 30,…
Mr. Haveron added, "Our active pursuit to strategically build a more consistent base of revenue and profits through fee-based income and distribution channels in the insurance and reinsurance industry remains a high priority for Maiden.• Leveraging our experience in insurance and reinsurance markets, these paths should further enable us to ultimately…
Lancashire Holdings Limited today announces its results for the six months ended 30 June 2024. Profit after tax of $200.8 million resulting in a change in DBVS of 14.0%. Gross premiums written increased 8.3% year-on-year to $1,282.2 million. Insurance revenue increased 18.5% year-on-year to $854.1 million. Insurance service result of $222.8 million,…
Josh Green used emergency power Wednesday to help a pair of state government insurance carriers sell policies to Hawaii condominium projects in an effort to relieve many condo owners from skyrocketing industry rates. Insurance rates for some condo projects in Hawaii have soared by as much as 1, 000%, according to the governor, due to global insurance industry…
AS OF JUNE 30, 2024. STATEMENT AS OF JUNE 30, 2024 OF THE THE CONTINENTAL INSURANCE COMPANY. STATEMENT AS OF JUNE 30, 2024 OF THE THE CONTINENTAL INSURANCE COMPANY.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Century Insurance Company Limited. The outlook of these Credit Ratings has been revised to stable from positive. In 2023, the company was impacted by the most severe weather event since 2002, with Typhoon Mawar passing over Guam.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the property/casualty members of Erie Insurance Group. Erie Insurance Exchange is the lead company of Erie; the remainder of the P/C group is composed of inter-company pooling members, Erie Insurance…
Munich Re at a glance. You can download this information as an Excel file; please refer to the Financial Supplement under www.munichre.com/results-reports. Previous year's figures adjusted due to changes in "Retained earnings" and "Other reserves". Contents. While previously strong growth in the United States tapered off slightly, the economy in the eurozone…
Information in the document is supplementary to the Company's current quarter Press Release, MD&A and audited financial statements in the most recent Annual Report and should be read in conjunction with those documents. The Company prepares its Consolidated Financial Statements in accordance with International Financial Reporting Standards as…
holding company for two P&C carriers: American Coastal Insurance Company and Interboro Insurance Company ¹ along with other operating affiliates. Q2-24 Results Non-GAAP Core Income of $19.6 m decreased- $7.5 m from $27.1 m y/y on higher ceded earned premiums resulting from the 40% gross CAT quota share effective 6.1. 2023. Gross premiums earned grew $5.6 m to…
We nearly quadrupled total revenue year-over-year, continued to grow policies-in-force, delivered operating income of $4 million, net loss of $8 million, adjusted EBITDA of $12 million, and achieved our fourth consecutive quarter of positive operating cash flow. Our goal remains to build the largest, most profitable personal lines insurance carrier in the…
Hamilton Insurance Group, Ltd. Supplementary Financial Information. It should be read in conjunction with the documents filed by Hamilton Insurance Group, Inc. with the U.S Securities and Exchange Commission, including its Form 10- Q. This information includes "forward looking statements" pursuant to the safe harbor provisions of the U.S. Private…
Brighthouse Financial, Inc. announced today its financial results for the second quarter ended June 30, 2024. The company reported net income available to shareholders of $9 million in the second quarter of 2024, or $0.12 per diluted share, compared with a net loss available to shareholders of $200 million in the second quarter of 2023. The company ended the…
Primerica, Inc. today announced financial results for the quarter ended June 30, 2024. The Company’ s previously announced decision to exit the Senior Health business and associated write-offs of non-cash items impacted GAAP earnings with net income ending at $1.2 million, or $0.03 per diluted share. The Company’ s decision to exit the Senior Health business…
WARREN, New Jersey- August 7, 2024- Everest Insurance ®, the insurance division of Everest Group, Ltd., today announced that Brian Zink has been appointed Senior Vice President, Head of Everest Specialty Underwriters and U.S. Financial Lines, reporting to Bill Hazelton, Executive Vice President of Everest Insurance ® and President of North America Insurance.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of CICA Life Insurance Company of America. The outlook of these Credit Ratings is stable. The company also has access to capital via Federal Home Loan Bank lending, various lines of credit, as well as parental liquidity and capital market channels.
Board of Governors of the Federal Reserve System. Approval expires September 30, 2026 Page 1 of 73. Printed Name of Chief Financial Officer.
STATEMENT AS OF JUNE 30, 2024 OF THE RiverSource Life Insurance Company. STATEMENT AS OF JUNE 30, 2024 OF THE RiverSource Life Insurance Company. STATEMENT AS OF JUNE 30, 2024 OF THE RiverSource Life Insurance Company.