Progressive Corp. is estimating its second-quarter profits will fall below Wall Street consensus estimates because of poor underwriting results worsened...
earnings News
A.M. Best Co. has lowered the financial strength rating of Admiral Insurance Co. and its reinsured subsidiary Admiral Indemnity Co....
The property/casualty insurance industry reported a statutory rate of return of 7.0 percent (on an annualized basis) during the first...
Deutsche Bank (DB) President and CEO Rolf Breuer told shareholders at the company’s annual meeting that Germany’s largest bank was...
Reacting to the recent announcement that ING had resumed talks to acquire Aetna’s international and financial services’ business, rating agency...
A.M. Best has lowered the financial strength rating of the Progressive Casualty Pool to A + from A++, reflecting the...
Standard & Poor’s announced several changes in ratings and outlook for insurers over the past week. Those concerning non-U.S. companies...
Japan’s leading life insurers are feeling the effects of increased competition due to deregulation and low Japanese interest rates, reporting...
Standard & Poor’s has lowered its ratings on Nationwide Mutual Insurance Co. and related entities. At the same time, S&P...
Holland’s ING Group announced earnings increases in both its banking and insurance sectors for the 1st quarter. Net pretax profit...