-
Progressive Beats in November - Analyst Blog
Monday, December 20, 2010 - 3:00pm | 588Progressive Corp.'s (PGR) earnings per share for November 2010 were 17 cents, up 42% from 12 cents in November 2009. Results of the reported month also increased 42% over October 2010. Net income for the month improved 37% to $109.9 million from $80.0 million in the year-ago period. On a...
-
XL Group Enters China - Analyst Blog
Monday, December 20, 2010 - 2:33pm | 530China Insurance Regulatory Commission has granted a license to XL Group (XL) to function as a property and casualty company in Shanghai. XL Insurance (China) Company Limited will commence its operations following the completion of all regulatory registrations. Zheqiang (Al) Xie will head the new...
-
XL Group Enters China - Analyst Blog
Monday, December 20, 2010 - 1:45pm | 530China Insurance Regulatory Commission has granted a license to XL Group (XL) to function as a property and casualty company in Shanghai. XL Insurance (China) Company Limited will commence its operations following the completion of all regulatory registrations. Zheqiang (Al) Xie will head the new...
-
Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, December 20, 2010 - 9:33am | 340Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alere Inc (ALR) Amer River Bankshares (AMRB) Amerisafe Inc (AMSF) Capella Edu Co (CPLA) Citi Trends Inc (CTRN) View the entire Zacks #5 Rank List. ALERE INC (ALR): Free Stock Analysis Report AMER RIVER BSH (AMRB): Free...
-
Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, December 20, 2010 - 9:14am | 340Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alere Inc (ALR) Amer River Bankshares (AMRB) Amerisafe Inc (AMSF) Capella Edu Co (CPLA) Citi Trends Inc (CTRN) View the entire Zacks #5 Rank List. ALERE INC (ALR): Free Stock Analysis Report AMER RIVER BSH (AMRB): Free...
-
Meadowbrook Insurance Group, Inc. - Growth & Income
Monday, December 20, 2010 - 3:03am | 741Meadowbrook Insurance Group, Inc. (MIG) kept its solid momentum going and delivered third quarter EPS of 28 cents, 17% higher than the Zacks Consensus Estimate. This marked the company's 9th positive earnings surprise in the last 10 quarters. Management has been bullish recently. The company...
-
Meadowbrook Insurance Group, Inc. - Growth & Income
Monday, December 20, 2010 - 1:00am | 741Meadowbrook Insurance Group, Inc. (MIG) kept its solid momentum going and delivered third quarter EPS of 28 cents, 17% higher than the Zacks Consensus Estimate. This marked the company's 9th positive earnings surprise in the last 10 quarters. Management has been bullish recently. The company...
-
A.M. Best Affirms Allstate Ratings - Analyst Blog
Friday, December 17, 2010 - 7:33pm | 586Yesterday, A.M. Best Co. affirmed the credit and debt ratings of Allstate Corp. (ALL) and its subsidiaries namely, Allstate Insurance Group, Allstate Financial and Allstate Life Insurance Co. The rating agency has affirmed issuer credit ratings (ICR) of “a-” and debt ratings for Allstate Corp....
-
A.M. Best Affirms Allstate Ratings - Analyst Blog
Friday, December 17, 2010 - 7:08pm | 586Yesterday, A.M. Best Co. affirmed the credit and debt ratings of Allstate Corp. (ALL) and its subsidiaries namely, Allstate Insurance Group, Allstate Financial and Allstate Life Insurance Co. The rating agency has affirmed issuer credit ratings (ICR) of “a-” and debt ratings for Allstate Corp....
-
Kingsway Announces Transaction Approval for Atlast Financial Holdings
Friday, December 17, 2010 - 12:32pm | 85Kingsway Financial Services Inc. (NYSE: KFS) announced today that the TSX Venture Exchange has conditionally approved the transaction by which American Country Insurance Company and American Service Insurance Company, Inc. will become subsidiaries of Atlas Financial Holdings, Inc. This will be...
-
Aspen Insurance Holdings Estimates Loss of $20M from New Zealand Earthquake
Thursday, December 16, 2010 - 5:21pm | 70Aspen Insurance Holdings Limited (NYSE: AHL) today announced that it has updated its pre-tax loss estimate for the New Zealand earthquake, which occurred in September 2010, from US$20 million to US$53 million, net of reinstatement premiums. This equates to US$47 million post tax. Aspen's current...
-
ACE Limited Sued Policyholder to Deny Insurance Coverage for BP Oil Spill
Thursday, December 16, 2010 - 11:01am | 107ACE Insurance Litigation Watch, today reported that ACE American Insurance Company (NYSE: ACE) has sued its policyholder, M-I LLC., to deny coverage related to the BP (NYSE: BP) Oil Spill. M-I is a global offshore oil drilling professional services provider that was working under contract to BP on...
-
Chubb Announces Final Approval to Establish Branch in China
Thursday, December 16, 2010 - 10:16am | 74The Chubb Corporation (NYSE: CB) announced today that the China Insurance Regulatory Commission has granted final approval to Chubb Insurance (China) Company Limited, an indirect wholly owned subsidiary, to establish a branch in Nanjing, Jiangsu Province. Chubb expects to open the branch on...
-
Allstate Valuation Remains Favorable But Has Room To Improve, J.P. Morgan Reports
Thursday, December 16, 2010 - 9:56am | 93Allstate Corporation's (NYSE: ALL) valuation remains favorable relative to returns, J.P. Morgan reports. “We believe Allstate is significantly undervalued in absolute and relative terms,” J.P. Morgan writes. “Shares are trading at 0.96X book value excluding unrealized gains versus an average of 1....
-
Stocks To Watch For December 16 (ACN, DHR, FDX, THG, ORCL)
Thursday, December 16, 2010 - 5:14am | 221Some of the stocks that may grab the investor focus today are: Wall Street expects Accenture plc (NYSE: ACN) to report its FQ1 EPS at $0.75. ACN shares gained 0.22% to $46.20 in after-hours trading. Danaher Corp (NYSE: DHR) lifted and narrowed its Q4 earnings guidance and issued 2011 projections in...