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Insurance

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Deere sales, net income down in second quarter

Deere & Co.’s second-quarter net income was down sharply compared with its year-ago results, reflecting the continuing impact of the global farm economy and further weakness in the construction equipment industry, the company reported today. …

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Ramundt named director of Vaughan Institute

Dana Ramundt, president of The Dana Co. insurance agency in Des Moines, has been named the business director of the Vaughan Institute of Risk Management and Insurance at the University of Iowa’s Tippie College of …

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Athene Holding files for IPO

Athene Holding Ltd., parent company of Athene USA, has filed with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common shares, Retirement Income Journal reported. The number of shares …

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Seeking female angels

Megan Milligan has always been excited about empowering women. Now she’s leading an initiative to develop and equip a network of accredited female investors to become angel investors. 

The initiative, called FIN Capital, will invest …

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AEGON reports lower quarterly profit

The Gazette: Volatile financial markets had a negative effect on first-quarter net income for AEGON, the Netherlands-based corporate parent of Transamerica in Cedar Rapids. The multinational life-insurance, pensions and asset-management company on Thursday posted a net …

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Premiums could jump 38 to 43 percent for some Wellmark policyholders

Wellmark Blue Cross & Blue Shield is notifying about 30,000 policyholders this week that it plans to raise their premiums by 38 to 43 percent next year, The Des Moines Register reported. The increases, which are subject …

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NewLink Genetics’ pancreatic cancer therapy fails

Shares of NewLink Genetics Corp. plunged 37 percent in extended trading on Monday after the drug maker said its experimental pancreatic cancer immunotherapy did not help patients live longer in a late-stage trial, Reuters reported. The Ames-based …

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FBL reports higher quarterly earnings

FBL Financial Group Inc. today reported net income for the first quarter of 2016 of $25.9 million, or $1.04 per share, compared with $23.6 million, or 94 cents per share, for the first quarter of …

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EMC reports first-quarter earnings

EMC Insurance Group Inc. today reported operating income of $15.4 million for the first quarter ended March 31, compared with operating income of $19.8 million for the first quarter of 2015. Net income, including realized investment …

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Southridge Mall owner reports a profitable quarter

Macerich Co., the Santa Monica, Calif.-based owner of Southridge Mall, reported profits of $421 million, or $2.76 per share, for the quarter ended March 31, compared with $24.6 million, or 15 cents per share, in …