Insurance - Property / Casualty
LIG Insurance Co Ltd Issues FY 2013 Net Profit Outlook Above Analysts' Estimates
LIG Insurance Co Ltd announced that it expects its fiscal year 2013 net profit to record KRW 204.6 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report net profit of KRW 167.77 billion for the fiscal year 2013.
Meritz Fire & Marine Insurance Co Ltd Issues FY 2013 Outlook Below Analysts' Estimates
Meritz Fire & Marine Insurance Co Ltd announced that it expects its fiscal year 2013 operating profit and net profit to record KRW 187.5 billion and KRW 130 billion, respectively. According to I/B/E/S Estimates, analysts on average are expecting the Company to report net profit of KRW 144.41 billion for the fiscal year 2013.
Fidelity National Financial Inc In Talks To Buy Lender Processing Services Inc-Reuters
Reuters reported that Fidelity National Financial Inc and buyout firm Thomas H. Lee Partners are in advanced talks to acquire Lender Processing Services Inc. The deal, worth about $2.9 billion, would value Lender Processing shares at around $33 per share, the Wall Street Journal reported. The buyers would pay with a mix of cash and Fidelity National Financial stock, the paper said, adding that Thomas H. Lee would hold a 19.9% stake in Lender Processing. The deal could be announced as soon as early next week. Fidelity National and Lender Processing Services were not immediately available for comment. Thomas H. Lee declined to comment. If the deal is completed, Lender Processing Services would become a subsidiary of Fidelity National Financial, the Wall Street Journal said.
Kingsway Financial Services Inc Announces Acquisition Of HVAC Warranty Business
Kingsway Financial Services Inc and its subsidiary, 1347 Capital LLC, announced that the Company has finalized the purchase of certain tangible and intangible assets of Trinity Warranty Corporation (Trinity). Trinity, based in Lombard, Illinois, is a provider of warranty products and maintenance support to consumers and businesses in the heating, ventilation, air conditioning (HVAC) and refrigeration industry. The tangible and intangible assets of Trinity are being acquired for total consideration consisting of cash and future contingent payments. The terms of the acquisition were not disclosed.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Renaissance Capital
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$92.00
|
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Provider: Edison Investment Research
|
$10.00
|
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
|
$10.00
|
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Provider: Edison Investment Research
|
$10.00
|
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