trending Market Intelligence /marketintelligence/en/news-insights/trending/TRNgCWH5BncOVYVibk0NWg2 content esgSubNav
In This List

Insurance earnings roundup, Jan. 26

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Insurance earnings roundup, Jan. 26

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

Mortgage guaranty

Radian Group Inc. reported fourth-quarter 2016 net income of $61.1 million, or 27 cents per share, down from $74.5 million, or 32 cents per share, in the year-ago quarter.

Adjusted pretax operating income for the most recent quarter was $140.2 million, versus $124.1 million in the year-ago quarter. Adjusted net operating income per share was 41 cents, versus 34 cents in the year-ago quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 40 cents.

________________________________________________

Property and casualty

Arthur J. Gallagher & Co. saw 3.6% growth in organic commissions, fees, supplemental commissions and contingent commissions in the 2016 fourth quarter.

The company reported fourth-quarter 2016 net earnings attributable to controlling interests of $95.1 million, or 53 cents per share, up from $62.3 million, or 35 cents per share, in the year-ago period.

Adjusted non-GAAP net EPS for the quarter was 66 cents, up from 59 cents in the fourth quarter of 2015.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 66 cents.

________________________________________________

Old Republic International Corp. reported fourth-quarter 2016 net income of $131.9 million, or 46 cents per share, compared with $90.6 million, or 32 cents per share, in the previous year.

Net operating income for the period was $122.3 million, or 43 cents per share, versus $81.3 million, or 29 cents per share, in the prior year.