Selective Insurance Group financial results ended December 31, 2012 : Selective Insurance Group, Inc. (NASDAQ:SIGI) today reported its financial results for the fourth quarter and year ended December 31, 2012. For the quarter, net income per diluted share was $0.02 and operating loss1 was $0.04. Net income for the year was $0.68 per diluted share and operating income1 was $0.58 per diluted share. Overall net premiums written grew 5% in the quarter and retention was up a point to 85%. “Hurricane Sandy was the most significant event in company history, yet we still ended the quarter with positive net income...
Zacks downgraded Rating Stock of Meadowbrook Insurance Group
Zacks downgraded Rating Stock of Meadowbrook Insurance Group : Zacks downgraded shares of Meadowbrook Insurance Group (NYSE: MIG) from a neutral rating to an underperform rating in a report issued on Thursday. They currently have $6.00 target price on the stock.Meadowbrook Insurance Group traded down 0.95% on Thursday, hitting $6.27. Meadowbrook Insurance Group has a 1-year low of $5.21 and a 1-year high of $10.19. The stock’s 50-day moving average is currently $5.98. The company’s market cap is $312.1 million.Meadowbrook Insurance Group, Inc. (Meadowbrook) is a specialty focused commercial insurance underwriter and insurance...
Insurance claims from the latest Queensland floods
best insurance stock - Insurance claims from the latest Queensland floods have already topped $27 million, as river levels continue to rise in large parts of the state. As of Monday morning, "just shy of 3000 claims" had been lodged relating to losses in Queensland, said Campbell Fuller, general manager for communications at the the Insurance Council of Australia.The total claimed losses are likely to be "well north of $40 million", he said. "Rivers are still rising across south-eastern Queensland," he said, adding that flood waters were yet to peak at Ipswich and much of Bundaberg remained underwater.Heavy rain is also falling...
Insurance Awareness levels of Indonesian society
Insurance Awareness levels of Indonesian society : Despite the relatively high economic growth rate, which according to predictions of 6.5 percent in 2013, however, the public interest to invest through insurance, it is very minimal. lack of investment from the public is more due to the tendency of people do not understand insurance.Indonesian society tends to think that insurance just throw money, if there is no claim, fact, the need for insurance for the community is important, particularly when income per capita increases.According to IMF data as of October 2010, the GDP per capita of Indonesia has reached 3000 U.S. dollars....
World Bank insurance program in disaster prone Haiti
World Bank insurance program in disaster prone Haiti : an arm of the World Bank next week will unveil a $1.96 million project that aims to help thousands of low-income entrepreneurs in Haiti protect their livelihoods against natural disasters.The International Finance Corporation says the program is much-needed. Only 0.3 per cent of Haiti's 10 million people have some form of insurance, one of the world's lowest rates.Small entrepreneurs are particularly vulnerable to uninsured losses, and can default on debts and be disqualified from future loans when they need money to recover.The insurance will be distributed through the...
Principal Financial Group Earnings report Next Week
Principal Financial Group Earnings report Next Week : Principal Financial Group Inc. (PFG): Provides retirement savings, investment, and insurance products and services worldwide. Market cap at $8.9B, most recent closing price at $30.30. In Dec 2011: Reported EPS at 0.71 vs. estimate at 0.75 (surprise of -5.3%). In Mar 2012: Reported EPS at 0.7 vs. estimate at 0.74 (surprise of -5.4%). In June 2012: Reported EPS at 0.72 vs. estimate at 0.74 (surprise of -2.7%). In Sep 2012: Reported 0.45 vs. estimate at 0.49 (surprise of -8.2%. [Average earnings surprise at -5.4%]. The company is expected to report earnings on January 31st,...
Health Insurance Innovations ipo stock prices
Best Insurance stock - Health Insurance Innovations ipo stock prices : Health Insurance Innovations Inc. said it expects to raise up to $72.9 million in an initial public offering. The company plans to sell about 5.4 million shares, at between $14 and $16 a share, according to its most recent filing with the U.S. Securities and Exchange Commission. The shares include 700,000 that underwriters would have an option to purchase to cover over-allotments.The firm would use $3.5 million of the net proceeds to repay outstanding debt under a term loan and up to $25 million to expand its commission structure, with the rest used for...
WellPoint Inc q4 earnings report today
best insurance stock - WellPoint Inc q4 earnings report today, WellPoint net profit report today january 23 2012 : WellPoint Inc q4 earnings reported today WellPoint Inc reported a higher-than-expected fourth-quarter profit on Wednesday as it kept medical costs down, but the second-largest U.S. health insurer said it was taking a "prudent" view of 2013 in the face of industry reform.WellPoint, which sells private health insurance to businesses and individuals and also provides government insurance for the elderly and the poor, is preparing for a round of changes resulting from the U.S. Affordable Care Act.Later this year,...
Details of IRB Re-Insurance Co Privatization
Best Insurance stock - Details of IRB Re-Insurance Co Privatization : The Brazilian government's National Development Bank, or BNDES, on Wednesday released details of its planned privatization of re-insurance company IRB-Brasil Re, based on an initial public offering of shares.The privatization process will take place via an increase in IRB's capital. The BNDES set the price of each new share at 2,577 Brazilian reais ($1,263). The government authorized a capital increase of between 2% and 15% for IRB.Brazil's largest banks, including state-run banks Banco do Brasil SA (BBAS3.BR) and Caixa Economica Federal, and private-sector...
The Smart Way To Overcome Financial Problems
Financial problems can sometimes lead couples fight. Some marriages end because of financial problems. Financial problems that may occur due to the husband or wife who is not smart to manage the family finances.In fact, smart managing the family finances is very important that the needs of the present and future can be fulfilled. For that, the husband and wife should be open in managing finances. You and your partner should always discuss all things related to money, such as expenses, income, savings, and so forth.While discussing this,...
AIG insurance stock rating overweight by Evercore Partners
Best Insurance stock - AIG insurance stock rating overweight by Evercore Partners : American International Group (NYSE: AIG)‘s stock had its “overweight” rating restated by analysts at Evercore Partners in a research report issued to clients and investors on Tuesday. They currently have a $40.00 price target on the stock.Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of American International Group in a research note to investors...
Bankinter SA stock ratings prices target by Nomura
best insurance stock - Bankinter SA stock ratings by Nomura : Nomura reiterated their reduce rating on shares of Bankinter SA (MCE: BKT) in a research report sent to investors on Tuesday morning. The firm currently has a $3.73 (€3) price target on the stock.Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated an underperform rating on shares of Bankinter SA in a research note to investors on Wednesday, January 16th. They now have a $3.60 price target on the stock. Separately, analysts at Exane BNP Paribas reiterated an underperform rating on shares of Bankinter...
QBE Insurance stock prices target by Credit Suisse
Best insurance stocks - QBE Insurance stock rating prices target by Credit Suisse : Credit Suisse reissued their outperform rating on shares of QBE Insurance Group Limited (ASX: QBE) in a research report released on Tuesday morning. Credit Suisse currently has a $13.79 (13 AUD) price target on the stock.QBE has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated a neutral rating on shares of QBE Insurance Group Limited in a research note to investors on Tuesday, January 15th. They now have...
Travelers insurance earnings surpassing the Zacks Consensus
Best Insurance stock - Travelers insurance earnings surpassing the Zacks Consensus : The Travelers Companies, Inc. (TRV - Analyst Report) reported earnings of 72 cents per share in the fourth quarter of 2012, surpassing the Zacks Consensus Estimate of 4 cents per share. However, results plunged 51% from $1.48 earned in the year-ago quarter. Operating income of $278 million dipped 54% the reported quarter.The year-over-year downside was largely attributable to higher catastrophe losses mostly due to Hurricane Sandy. However, higher underlying underwriting margins and higher net favorable prior-year reserve development limited...
Travelers stock prices rally today
Best Insurance Stock - Travelers stock prices rally today : Shares of Travelers Cos. rallied on Tuesday after the insurance company reported quarterly earnings that exceeded Wall Street’s expectations.The Financial Select Sector SPDR Fund XLF +0.41% , which tracks the performance of financial stocks in the S&P 500 SPX -0.28% , traded marginally higher in midmorning trade. The broader U.S. stock market declined after data showed a decline in sales of existing homes in December. The S&P 500 slipped 0.3% to 1,481.Travelers TRV +2.63% was the top gainer among S&P 500 financial stocks and the biggest gainer...
Nigeria insurance market trends by A.M. Best Co
Nigeria insurance market trends by A.M. Best Co : Economic development and the demand for energy infrastructure projects has been fuelled by Nigeria’s oil and gas industry, resulting in the country’s insurance market becoming the largest in West Africa, according to a new report from A.M. Best Co.“Africa’s Diverse Insurance Markets Offer Growth Opportunities, Untapped Demand”In the report entitled, “Africa’s Diverse Insurance Markets Offer Growth Opportunities, Untapped Demand”, A.M. Best notes total insurance premium in Nigeria reached USD 1.6 billion in 2011, although insurance penetration is modest at 0.6%. The report...
Vermont Mutual Insurance issuer credit rating by A.M. Best
best insurance stock - Vermont Mutual Insurance issuer credit rating by A.M. Best : A. M. Best Co. said it has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of Vermont Mutual Insurance Company and its two fully reinsured subsidiaries, Northern Security Insurance Company and Granite Mutual Insurance Company.These companies are members of Vermont Mutual Insurance Group and are all domiciled in Montpelier, Vermont. The outlook for all rating is stable.The ICR upgrade reflects Vermont Mutual’s favorable underwriting and operating results. In addition, Vermont...
American Equity earnings conference call February 21 2013
best insurance stock - American Equity earnings conference call February 21 2013 : merican Equity Investment Life Holding Company (NYSE: AEL) announced today that it will release fourth quarter 2012 earnings after the close of market on Wednesday, February 20, 2013. The fourth quarter earnings release and financial supplement will be posted on the American Equity website ( www.american-equity.com) at that time. EARNINGS CONFERENCE CALLAEL will hold a conference call to discuss fourth quarter 2012 earnings on Thursday, February 21, 2013, at 9:00 a.m. CST. The conference call will be webcast live on the Internet. Investors...
Allstate corp will conference call february 7 2013
best insurance stock Allstate corp will conference call february 7 2013 : The Allstate Corp. will conduct a conference call and webcast at 9 a.m. Eastern Time (ET) on Thursday, Feb. 7 to discuss fourth quarter 2012 earnings. According to a release, the company will issue a news release announcing quarterly results at or after 4:05 p.m. ET on Wednesday, Feb. 6. Shortly thereafter, the company plans to post supplementary financial and statistical information online. These materials will be available on Allstate's website at allstateinvestors.com.The investor webcast also can be accessed at allstateinvestors.com. For those unable...
Effective and Efficient Insurance Group Supervision in the U.S
best insurance stock - Effective and Efficient Insurance Group Supervision in the U.S : The Property Casualty Insurers Association of America issued the following news release: The Property Casualty Insurers Association of America (PCI) today released a white paper entitled, "Effective and Efficient Insurance Group Supervision in the U.S.: What More, if Anything is Needed?" The document outlines PCI's group supervision principles and group supervision implementation recommendations.This white paper is a product of PCI's broader efforts to have a positive influence on global regulatory convergence issues. It outlines...
An Easy Way To Double Your Money
How to safely double the money is to save regularly, but a slow accumulation of small savings and interest we can not expect to grow our money in a short time, or it takes a very long time, it can be many years.Another way to grow is to invest money. Just like a tree, the higher the tree, the greater the wind that reaches it. The greater the investment, the greater the risk that might occur. So, there is no standard size of investment, but investment is determined by the goals you invest and how much you dare to take the risk.There is...
Financial Freedom For Family
Most young people, when asked how close they are dreams or financial freedom, usually immediately took a deep breath. Maybe you too?Unless you are very lucky early on in life, hard work is not an option for this purpose. Sometimes it takes a long time. You might just be able to reach it when the kids grow up, mortgage paid off, and you can take off work. But you must take the first step today.What is financial freedom?Short answer: When you are saving enough to support you so that you can turn away from the hard work and stepped out...
Canada employment insurance november 2012
best insurance stock - Canada employment insurance november 2012, canada insurance claims 2012 : The following is the text of Canada’s employment insurance report for Nov. released by Statistics Canada. Following little change in October, the number of people receiving regular Employment Insurance (EI) benefits in November edged down 4,500 (-0.8%) to 528,000.The number of beneficiaries decreased slightly in Nova Scotia, British Columbia, Ontario and Quebec. At the same time, there were slight increases in Alberta, Saskatchewan and Newfoundland and Labrador. There was virtually no change in the other provinces.Claims declined...
Indonesia best insurance companies 2012
Best Insurance stock - Indonesia best insurance companies 2012 : Investor Magazine presented awards to nine national insurance company that won the title of Best Insurance 2012, includes 4 life insurance, general insurance and one 4 reinsurance. In the event the award conferment Best Insurance 2012 in Ballroom, Four Season Hotel, Jakarta, Wednesday (4/7) evening, Investor magazine also gave special recognition to one of the general insurance and life insurance, and the Star Award to an insurance company.In group insurance, PT Prudential Life Assurance won the best position for the category of assets above Rp 15...
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