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Insurance

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Deere increases Q3 earnings, but misses investors’ expectations

Deere & Co. today reported net income of $1.884 billion for the third quarter ended July 31, or $6.16 per share, compared with net income of $1.667 billion, or $5.32 per share, for the quarter …

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Dotdash Meredith reports losses, ‘rapid pullback’ of ad spending

Des Moines Register: With advertisers pulling back on spending, executives at Dotdash Meredith’s parent company say they won’t hit their revenue targets for the year. In a letter to shareholders, IAC/Interactive Corp. CEO Joey Levin said …

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Principal earnings top expectations in second quarter

Associated Press: Principal Financial Group Inc. on Monday reported second-quarter profit of $3.06 billion. On a per-share basis, the Des Moines-based company said it had net income of $11.94. Earnings, adjusted for investment gains, came to …

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United Fire Group announces net loss for second quarter of 2022

Corridor Business Journal: United Fire Group on Thursday reported a net loss for the second quarter of 2022, driven in part by a loss in investments. UFG, the Cedar Rapids-based insurance company, reported a consolidated net …

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A Closer Look: Quinton Leith

Quinton Leith’s Iowa roots extend back to his family’s farm near Creston; his wife is also an Iowa native, from Centerville. So when he had the opportunity to work remotely for his Chicago-based employer, private …

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NOTEBOOK – ONE GOOD READ: Fact sheet updates data-gathering progress on climate change risks

Today the Treasury Department’s Financial Stability Oversight Council issued a new fact sheet highlighting some of the regulatory changes that could be ahead for insurance and financial services firms related to identifying and addressing climate-related risks to …

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HNI reports 30% earnings bump, lowers 2022 profit outlook

HNI Corp. announced that its second quarter net income was $30.3 million, or 72 cents per share, a 30% increase on a year-over-year basis. Sales for the quarter that ended on July 2 were $621.7 million. During …

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West Bancorporation reports second quarter earnings

West Bancorporation Inc., the parent company of West Bank, today reported second quarter 2022 net income of $12.7 million, or 75 cents per share, compared to second quarter 2021 net income of $13.2 million, or 79 cents …

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Kohlsdorf elected president-elect of National Association of Health Underwriters

Eric Kohlsdorf, owner and president of Prisma Strategies in Des Moines, was recently elected to a one-year term as president-elect of the National Association of Health Underwriters. With more than 100,000 members, NAHU is a …

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Equitable to pay $50M to variable annuity investors in SEC settlement

Equitable Financial Life Insurance Co. has agreed to pay $50 million to investors to settle charges by the U.S. Securities and Exchange Commission that it provided misleading account statements to about 1.4 million of its variable annuity …