Property & Casualty Insurance

Keefe Bruyette & Woods has published a research report on Assured Guaranty Ltd. (NYSE: AGO) following solid 3Q earnings results. In the report, KBW writes "Following third quarter earnings results, we are raising our full-year 2010 operating EPS estimate to $3.08 from $2.83 and lowering 2011 to...

Keefe Bruyette & Woods has published a research report on Markel Corporation (NYSE: MKL) following the company's report of 3Q earnings results. In the report, KBW writes "This beat came almost entirely on higher favorable development, which equated to nearly $7.50 a share. The CR of 93.4%...

The Board of Directors of EMC Insurance Group Inc. (NASDAQ: EMCI) declared a quarterly dividend of $0.19 per share of common stock payable November 24, 2010 to shareholders of record as of November 17, 2010. The declared dividend reflects a 5.6 percent increase over the previous quarterly dividend...

On November 3, ProAssurance Corp. (NYSE: PRA) reported 3Q10 operating EPS of $1.30 compared to $1.58 a year ago. PRA beat our estimate of $1.24 but fell short of the consensus estimate of $1.31. The operating result was due to better-than-expected reserve development of $33.4 million, or $0.80 per...

Tower Group (NASDAQ: TWGP) is expected to report 3Q10 results on November 8, after the market close. Wunderlich forecasts 3Q10 operating EPS of $0.75 compared to $0.74 a year ago and within the company's guidance of $0.75-$0.80 per share; the consensus estimate is $0.75. It expects top-line growth...

Hold-rated Markel Corp. (NYSE: MKL) will report 3Q10 results today, after the market close. Wunderlich estimates 3Q10 operating EPS of $4.08 vs. $7.98 a year ago; the consensus estimate is $3.58. Wunderlich believes results will be impacted by competitive pricing pressures in the Excess &...

Assured Guaranty Ltd. (NYSE: AGO) * Third quarter 2010 operating income(1) increased 382% from third quarter 2009 operating income of $46.2 million. Third quarter 2010 operating income per diluted share increased 310% from $0.29 per diluted share in third quarter 2009. Both third quarter 2010...

The Navigators Group, Inc. (NASDAQ: NAVG) reported net income of $16.2 million, or $1.00 per diluted share, for the three months ended September 30, 2010 compared to net income of $21.4 million, or $1.24 per diluted share, for the comparable period in 2009. Operating earnings (1) were $13.7 million...

Assured Guaranty Ltd. (AGO) reports Q3 earnings of $1.19 versus consensus of $0.88.

Stockholders' equity per common share of Alleghany Corporation (NYSE: Y) at September 30, 2010 was $318.99, an increase of 6.1% from stockholders' equity per common share of $300.69 at December 31, 2009, Weston M. Hicks, President and chief executive officer of Alleghany, announced today....

XL Group (XL) reported third-quarter 2010 operating income of 52 cents per share, beating the Zacks Consensus Estimate of 60 cents by 8 cents.  Results were, however, much below third-quarter 2009 operating earnings of 85 cents. Operating income was $175.0 million, down 40.2% from $292.6 million...

American Physicians Service Group Inc. (AMPH) reported third quarter 2010 operating earnings of 94 cents per share, beating the Zacks Consensus Estimate of 69 cents by a substantial 25 cents. Results also compare favorably with 90 cents reported in the prior-year quarter. Operating earnings in...

Aspen Insurance Holdings Limited (NYSE: AHL) today announced that the Company's Board of Directors has appointed Mr. Albert J. Beer to the Board in a non-executive capacity with effect from February 1, 2011. Mr. Beer has also been appointed to the Risk Committee and the Audit Committee, where he...

ProAssurance Corporation (PRA) reported its third-quarter operating earnings of $41.5 million or $1.30 came in line with the Zacks Consensus Estimate. However, this compares unfavorably with earnings of $52.2 million or $1.58 per share in the prior-year quarter. Net income in the quarter was $...