GuideOne posts 8.8 percent return for 2010
GuideOne Mutual Insurance Co. reported 2010 net income of $39.8 million today and a return on equity of 8.8 percent. The West Des Moines company insures churches, senior living communities, schools, colleges, automobiles and homes. GuideOne said it posted a surplus of $494.4 million. Catastrophic losses were $2.1 million less than planned for the year. The company also took on $7 million in new church premiums from another carrier.
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