Multi-line Insurance

Briskly moving ahead with its recapitalization program, on Wednesday, American International Group Inc. (AIG) announced a further extension of 74.48 million of its equity units exchange offering to November 23. With the commencement of the exchange on October 8, AIG had scheduled the expiry of...

American International Group, Inc. (NYSE: AIG) reported 3Q10 net operating income of $2.1 billion, Keefe, Bruyette & Woods reports. “The company has also announced a recapitalization plan and successfully executed upon the sales of the foreign life businesses,” KBW writes. “We are raising our...

Keefe, Bruyette & Woods is revising Assurant, Inc. (NYSE: AIZ) estimates following 3Q results. “In our view, the recent negative publicity about the creditor-placed homeowners business, combined with the unit's high returns, may eventually lead to greater pressure on margins,” KBW writes....

Oppenheimer is updating its 2010 and 2011 estimates for HCC Insurance Holdings (NYSE: HCC) following third-quarter results. Its 4Q10 estimate is two pennies higher at $0.76 due to a lower expected accident year loss ratio. The 2011 estimate is $0.03 higher at $3.00/share because of two main...

Moving ahead with its rigorous restructuring program, on Thursday, American International Group Inc. (AIG) revealed its intentions of divesting its Nan Shan insurance unit in Taiwan in a couple of months, for about $2 billion, as reported by Reuters. The proceeds of the sale will be utilized to...

Assurant, Inc. (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announces that its board of directors has declared a quarterly dividend of $.16 per share of common stock. The dividend will be payable on Dec. 13, 2010 to stockholders of record as...

NeoStem, Inc. (NYSE: NBS) is providing results of its third quarter 2010. Revenues for the nine months ended September 30, 2010 were $51.7 million, compared to $157,700 for the comparable period of 2009. Revenues for the three months ended September 30, 2010 were $16.5 million compared to $85,100...

Genworth Financial Inc. (GNW) lowered its debt level by repaying $250 million of outstanding borrowings under its five-year revolving credit facilities. The company made twin payments of $125 million under the facility. Genworth still has $480 million of borrowings outstanding under these...

Unico American Corporation (NASDAQ: UNAM) announced today its consolidated financial results for the three and nine months ended September 30, 2010. For the three months ended September 30, 2010, revenues were $9.1 million and net income was $0.6 million ($0.12 diluted income per share) compared...

Assurant, Inc. (NYSE: AIZ) is plummeting this Wednesday morning after a report was published that said Assurant used abusive practices known as force-placed insurance. Force-placed insurance is the practice of banks buying insurance on the homes of borrowers whose policies have lapsed. Assurant...

Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable December 10, 2010 to shareholders of record on November 30, 2010.

For Immediate Release Chicago, IL – November 9, 2010 – Zacks.com Analyst Blog features: Berkshire Hathaway (BRK.B), American International Group Inc. (AIG), MetLife Inc. (MET), Fortress Investment Group LLC (FIG) and Prudential Financial Inc. (PRU). Get the most recent insight from Zacks Equity...

Key Points: Just about 7/8ths done, 436 or 87.2% of S&P 500 reports in so far. Great season so far, with a median EPS surprise of 4.98%, and a 3.87 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 317 positive surprises and...

American International Group Inc. (AIG) reported third quarter operating loss of $200 million or $1.47 per share, dramatically behind the Zacks Consensus Estimate of $1.35 per share and operating income of $1.62 billion or $2.42 per share in the year-ago period. On a GAAP basis, AIG reported a...

American International Group, Inc. (NYSE: AIG) today announced that Sid Sankaran will join AIG as Senior Vice President, Chief Risk Officer. Mr. Sankaran will report to AIG Executive Vice President, Finance, Risk, and Investments, Peter D. Hancock. He will succeed Robert Lewis, who last month...