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Insurance earnings roundup, July 21


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Insurance earnings roundup, July 21

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

Property and casualty

second-quarteroperating income of $649 million, or $2.20 per share, a decline from $806million, or $2.52 per share, in the year-ago quarter.

Netincome fell to $664 million, or $2.24 per share, in the second quarter, from$812 million, or $2.53 per share, in the prior-year period.

TheS&P Capital IQ consensus normalized EPS estimate for the quarter was $2.05.


reportedsecond-quarter net income attributable to the company of $102.1 million, or 92cents per share, up from $93.3 million, or 85 cents per share, in the year-agoperiod.

TheS&P Capital IQ consensus GAAP EPS estimate for the quarter was 82 cents.

reported net incomeattributable to the company for the second quarter of $23.6 million, or 49cents per share, compared with $17.1 million, or 72 cents per share, in thesecond quarter of 2015.

Excludinga $12.0 million cash consideration paid related to an exchange agreement withclass B common shareholders, adjusted net income per share was $1.00 for thesecond quarter. The payment was recorded as a reduction to retained earnings.