Property & Casualty Insurance

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EMC Insurance Group Inc lowers FY 2014 EPS guidance; gives Q3 2014 EPS guidance below analysts' estimates

Friday, 24 Oct 2014 06:30am EDT

EMC Insurance Group Inc:Says that based on actual results for first nine months of 2014 and projections for remainder of year, management has revised FY 2014 operating income guidance from previous range of $2.00 to $2.25 per share to revised range of $1.55 to $1.80 per share (EPS).Revised guidance is based on projected GAAP combined ratio for year of 102.6 percent, and mid-to-high single digit increase in investment income.Anticipates that the company will report Q3 2014 operating income in range of $0.11 to $0.15 per share.FY 2014 EPS of $2.10 and Q3 2014 EPS of $0.39 - Thomson Reuters I/B/E/S.

PICC Property and Casualty Co Ltd completes issue of subordinated term debts

Friday, 24 Oct 2014 04:33am EDT

PICC Property and Casualty Co Ltd:Has issued subordinated term debts to qualified investors.Principal amount of issued subordinated term debts is 8 Bln Yuan, with maturity term of 10 years.Coupon rate is 5.75 pct p a for first five years.Company has option to redeem subordinated term debts at end of fifth year.

Amlin plc Signs definitive agreement to Increase stake in Leadenhall Capital Partners

Friday, 24 Oct 2014 02:00am EDT

Amlin plc:Says that it has signed definitive legal agreements to increase its existing interest in Leadenhall Capital Partners LLP, an investment manager in (re)insurance-linked securities which Amlin established in joint venture with LCP’s individual partners in 2008.Says under the terms of the agreement, Amlin has increased its current 40 pct interest in the Business to 75 pct via a partial acquisition of each individual partner’s stake.Says the final consideration amount will be determined by the future profitability of the Business, and will be payable in three instalments over the period to May 2016.

Chubb Corp raises FY 2014 EPS guidance

Thursday, 23 Oct 2014 04:07pm EDT

Chubb Corp:Increases FY 2014 operating income per share guidance to a range of $7.35 to $7.45 from the $6.75 to $6.95 range it provided in July 2014.Revised guidance is based on operating income per share of $5.35 for the first nine months and an estimated range of $2.00 to $2.10 for the fourth quarter.FY 2014 EPS of $7.17 - Thomson Reuters I/B/E/S.

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Report Title Price
Provider: Renaissance Capital
$92.00
Provider: Edison Investment Research
$10.00
Provider: Edison Investment Research
$10.00
Provider: Zacks Investment Research Inc.
$10.00
Provider: GlobalData
$125.00

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