trending Market Intelligence /marketintelligence/en/news-insights/trending/I58BjrxwmyFaSLfJ4T_hUg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Insurance earnings roundup, May 3

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February


Insurance earnings roundup, May 3

With earnings season in gear,S&P Global Market Intelligence presents a snapshot of recently reported financialresults for companies in the insurance space.

Managed care

saw GAAP net income forthe first quarter of 2016 rise to $37.1 million, or 83 cents per share, from $17.5million, or 39 cents per share, in the prior-year period.

The companyreported adjusted net income for the quarter of $47.0 million, or $1.06 per share,compared with $23.5 million, or 53 cents per share, in the year-ago quarter.

The S&PCapital IQ consensus GAAP EPS estimate for the quarter was 62 cents.

WellCareHealth Plans increased its full-year 2016 adjusted EPS guidance to a range of $4.55to $4.70, compared with the previous guidance of $4.35 to $4.60 per share.


Property and casualty

reported first-quartercomprehensive income to shareholders of $397.0 million, compared with $281.8 millionin the year-ago period.

Diluted net income per share was $11.15 for the quarter, comparedwith $13.49 in the prior-year period.


reported net income attributableto common stockholders of $100.3 million, or 56 cents per share, for the first quarterof 2016, down from $154.7 million, or 93 cents per share, in the prior-year quarter.

Operatingearnings attributable to common stockholders for the quarter increased to $136.6million, or 77 cents per share, from $121.4 million, or 73 cents per share, in theprior-year quarter.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 73 cents.


first-quarter net incomeof $12.7 million, or 84 cents per share, compared with a net loss of $35.1 million,or a loss of $2.37 per share, in the year-ago quarter.


saw first-quarter netincome drop to $6.1 million, or 60 cents per share, from $25.4 million, or $2.21per share, in the year-ago period.

Grosspremiums earned decreased to $98.8 million for the quarter from $109.6 million inthe year-ago quarter. The company attributed the decrease to normal policy attritionand a decrease in rates for new and renewal homeowners multiperil business.


reported first-quarternet income attributable to shareholders of $9.5 million, or 68 cents per share,compared with $9.3 million, or 66 cents per share, in the prior-year quarter.

Totalrevenues increased to $69.0 million for the quarter from $54.9 million in the year-agoquarter. Loss and loss adjustment expenses increased to $29.5 million from $23.9million a year earlier, due to $4.9 million in gross catastrophe losses relatedto a series of tornadoes in Florida during the quarter, an increase in earned premiumsand an increase in the company's Florida homeowners ultimate loss ratio.


reported a first-quarternet loss of C$4.6 million, or a loss of 38 Canadian cents per share, compared withnet income of C$3.2 million, or 29 cents per share, in the year-ago period.

Net operatingloss for the quarter was C$4.0 million, or a loss of 33 cents per share, comparedwith net operating income of C$2.1 million, or 17 cents per share, in the prior-yearquarter.