Progressive Corp. is estimating its second-quarter profits will fall below Wall Street consensus estimates because of poor underwriting results worsened...
earnings News
Penn-America Group, Inc. expects second quarter earnings estimates to be lower than the consensus estimate of $0.21 per share. This...
Computer Sciences Corp. has agreed to buy Mynd, formerly Policy Management Systems Corp., for $568 million in an all-cash deal....
Progressive Corp. is estimating its second-quarter profits will fall below Wall Street consensus estimates because of poor underwriting results worsened...
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...
Standard & Poor’s announced several changes in ratings and outlook for insurers over the past week. Those concerning non-U.S. companies...
A.M. Best has lowered the financial strength rating of the Progressive Casualty Pool to A + from A++, reflecting the...