property casualty

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Latest blogosphere posts tagged “property casualty”

  • (TWGP) Tower Group Completes Acquisition of Specialty Underwriters’ Alliance


    Stock Blog HubAuthority Authority: 165
    New York-based Tower Group Inc. ( TWGP ) has completed the acquisition of Illinois-based specialty insurer, Specialty Underwriters’ Alliance Inc. ( SUAI ). The deal, which was previously announced during Jun 2009, cost $107 million for Tower. All the conditions contingent to the closing of the deal have been ...
    5 hours ago
  • (AIG) U.S. Treasury’s Pay Czar to Allow Competitive Pay


    Stock Blog HubAuthority Authority: 165
    The U.S. Treasury’s pay czar, who oversees compensation for the highest-paid employees at the firms that received U.S. taxpayer assistance, said on Thursday that he is concerned that pay cuts could obstruct the ability of these firms to retain and attract top talent. However, the pay czar would be open to requests ...
    2 days ago
  • (PGR) Progressive Corporation’s Income Falls


    Stock Blog HubAuthority Authority: 165
    Auto insurer Progressive Corporation’s ( PGR ) income for October fell to 16 cents per share compared with 22 cents in the year-ago period. Though the company has posted a growth in premium writings, realized gains were lower in the quarter compared to the year-ago quarter. The company, which reports earnings on ...
    4 days ago
  • (MXGL) Max Capital Group Beats Earnings Guidance


    Stock Blog HubAuthority Authority: 165
    Max Capital Group ( MXGL ) reported third quarter operating earnings of 92 cents per share, beating the Zacks Consensus Estimate of 76 cents per share. Last year the company reported a loss of $2.57 per share. Results were helped by positive underwriting performance from all the business segments, driven by the ...
    1 week ago
  • (TWGP) Tower Group’s Earnings Report Falls in Line


    Stock Blog HubAuthority Authority: 165
    Tower Group Inc. ’s ( TWGP ) third-quarter earnings of 74 cents were in line with the Zacks Consensus Estimate. Results were affected favorably by an increase in premiums written due to the acquisitions of CastlePoint and Hermitage. Last year, the company had reported earnings of 79 cents per share. Gross premiums ...
    1 week ago
  • (AMSF) Amerisafe Beats on Lower Costs


    Stock Blog HubAuthority Authority: 165
    Amerisafe, Inc. ’s ( AMSF ) third-quarter earnings of 74 cents per share came in substantially ahead of the Zacks Consensus Estimate of 54 cents. This also compares favorably with the earnings of 65 cents in the prior-year quarter. Despite an 11.9% year-over-year decrease in top line, results for the quarter ...
    1 week ago
  • (PRA) ProAssurance Outperforms Consensus Estimates


    Stock Blog HubAuthority Authority: 165
    ProAssurance Corp. ’s ( PRA ) third-quarter operating earnings of $1.58 per share was substantially ahead of the Zacks Consensus Estimate of $1.23. This also compares favorably with the earnings of $1.31 per share in the prior-year quarter. The company’s earnings benefitted from a 54.6% year-over-year growth in ...
    1 week ago
  • (TRV) Travelers Companies Inc. – Surprised by 23.85% in the Third Quarter


    Stock Blog HubAuthority Authority: 165
    Travelers Companies Inc. ( TRV ) recently raised full year guidance as it surprised on estimates for the third time in the last 4 quarters. The company is trading with a forward P/E of just 8.9. Company Description Travelers provides property and casualty insurance for autos, homes and businesses. Travelers ...
    1 week ago
  • (BRKA) Berkshire Hathaway Acquires Burlington Northern – B Shares to Split 50 to 1


    Stock Blog HubAuthority Authority: 165
    Lost in today’s news that Berkshire Hathaway ( BRKA ) ( BRKB ) was acquiring Burlington Northern ( BNI ) was the announcement that Berkshire’s “B” shares, or, commonly known by investors as the “cheaper” shares, would be split 50 to 1. It is rare to see a stock split for either the Berkshire “A” ...
    1 week ago
  • (RE) Everest Re Group Barely Misses Earnings Consensus


    Stock Blog HubAuthority Authority: 165
    Everest Re Group ’s ( RE ) third-quarter earnings of $3.43 per share missed the Zacks Consensus Estimate of $3.47. Last year, the company had reported earnings of 20 cents per share. Strong property reinsurance rates coupled with the low catastrophe activity had resulted in favorable earnings. The net income was ...
    2 weeks ago
  • (L) Loews Corporation Reports Profit


    Stock Blog HubAuthority Authority: 165
    Loews Corporation’s ( L ) third quarter income from continuing operations came in at $1.08 per share compared to a loss of 33 cents in the year-ago quarter. Results primarily reflected a 26% year-over-year increase in revenues. The improved results were driven by increased investment income and a considerable ...
    2 weeks ago
  • (RNR) RenaissanceRe Holdings’ Earnings Report Outperforms


    Stock Blog HubAuthority Authority: 165
    RenaissanceRe Holdings Ltd.’s ( RNR ) third-quarter operating earnings of $3.85 per share were substantially ahead of the Zacks Consensus Estimate of $1.04. This also compares much favorably with an operating loss of $2.35 per share in the year-ago quarter. Net income available to common shareholders was $258.6 ...
    2 weeks ago
  • (WRB) W.R. Berkley Reports Earnings Inches Ahead of Estimates


    Stock Blog HubAuthority Authority: 165
    W.R. Berkley’s ( WRB ) third quarter earnings of 67 cents per share were only a penny ahead of the Zacks Consensus Estimate. In the year-ago quarter, the company had reported earnings of 63 cents. Net income was $97 million, or 59 cents per share, compared with a loss of $27.9 million, or 17 cents per share in the ...
    2 weeks ago
  • (CB) Chubb Reports Earnings Ahead of Consensus Estimates


    Stock Blog HubAuthority Authority: 165
    Chubb Corporation ( CB ) third quarter earnings came in at $1.56 per share, ahead of the Zacks Consensus Estimate of $1.29 per share. Last year, the company reported earnings of 93 cents. The results were helped by a mild hurricane season, which overshadowed decline in premiums written. Net income spiked to $596 ...
    2 weeks ago
  • (AMPH) American Physicians Service – Bull of the Day


    Stock Blog HubAuthority Authority: 165
    We are upgrading our recommendation on American Physicians Service Group ( AMPH ) from Neutral to Outperform. American Physicians second quarter operating earnings of 82 cents per share were significantly ahead of the Zacks Consensus Estimate of 66 cents. Results were driven by better-than-expected results in the ...
    2 weeks ago
  • (AIG) American International Group to Pay Executive Retention Award


    Stock Blog HubAuthority Authority: 165
    American International Group Inc. ( AIG ) said on Friday that it is paying $12.1 million in retention awards to some of its top executives. The company took this decision after it got approval from U.S. pay czar Kenneth Feinberg, who is scrutinizing the pay practices of the seven companies including AIG that received ...
    2 weeks ago
  • (RLI) RLI Corporation Surpasses Consensus Estimates


    Stock Blog HubAuthority Authority: 165
    RLI Corp’s (RLI) third quarter earnings of $1.18 per share were well ahead of the Zacks Consensus Estimate of 94 cents. Results reflected higher underwriting income and favorable reserve development from prior years’ loss reserves. The company had earned $1.12 per share in the year-ago quarter. RLI’s ...
    3 weeks ago
  • (AIG) American International Group Bonuses in Question


    Stock Blog HubAuthority Authority: 165
    According to an overseer’s report released on Tuesday, the U.S. Treasury Department is pressing the bailed out insurer American International Group Inc. (AIG) to reduce $198 million in scheduled retention payments after the government missed the opportunity to defend against controversial bonuses to AIG employees ...
    4 weeks ago
  • (AIG) U.S. Treasury’s Pay Czar Limits Troubled Asset Relief Program Recipients


    Stock Blog HubAuthority Authority: 165
    The chairman of the House Oversight and Government Reform panel said on Wednesday that Congress will soon investigate executive compensation at companies that received significant amount of taxpayer funds. The U.S. Treasury’s pay czar, Kenneth Feinberg is in charge of deciding compensation packages for the ...
    4 weeks ago
  • (AIG) American International Group to Sell Taiwan Life Unit


    Stock Blog HubAuthority Authority: 165
    American International Group (AIG) said on Monday that it has decided to sell its stake of almost 98% in Taiwan life insurance unit Nan Shan Life Insurance Co. for about $2.2 billion to a group led by Hong Kong-based investment company Primus Financial Holdings. The Primus consortium, which includes Hong Kong-listed ...
    4 weeks ago

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