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Insurance

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Nationwide’s net operating income up 11 percent

Nationwide on Friday reported net operating income of $391 million, up more than 11 percent from the same period last year. Net income for the first quarter of 2015 was $199 million, compared with $140 …

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Windstream reports drop in revenue

Windstream today reported total revenues were $1.4 billion in the first quarter, a decline of 3 percent from the same period a year ago. Consumer broadband service revenues were $123 million, up 2 percent from …

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EMC announces record first quarter, stock split

EMC Insurance Group Inc. today reported its best first quarter since becoming a public company in 1982. The Des Moines-based property and casualty insurer had operating income of $19.8 million, compared with $9.8 million for …

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Voya Financial reports higher operating earnings

Voya Financial Inc. reported first-quarter after-tax operating earnings of $197 million today, compared with $150 million in the first quarter of 2014. Net income available to common shareholders was $186 million, or 77 cents per …

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DMACC Foundation extends entrepreneurship contest deadline

The Des Moines Area Community College Foundation has extended the deadline for the first round of the DMACC Foundation Entrepreneurship Competition to May 29. The competition is open to DMACC students and alumni who live in Iowa …

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Workiva reports net loss, higher revenue

Workiva Inc. on Tuesday announced a first-quarter net loss of $7.4 million, compared with a net loss of $4.6 million in the previous year’s first quarter. The Ames-based software company reported a 25 percent growth …

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REG posts $38 million first-quarter loss

Ames-based Renewable Energy Group Inc. reported a net loss of $38 million in the first quarter, despite a 27 percent increase in biodiesel gallons sold. The biodiesel and renewable chemicals company initiated a $30 million share buyback …

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ARAG corporate counsel to lead national board

Nicolle Schippers, corporate counsel for legal insurance provider ARAG in Des Moines, was elected president of the Group Legal Services Association (GLSA). Additionally, Jean Clauson, ARAG’s provider relations recruiting manager, was elected to the GLSA …

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Holmes Murphy purchases assets from Willis of Colorado

Holmes Murphy & Associates has entered into an agreement with Willis of Colorado Inc. to purchase certain assets within Willis of Colorado’s construction and surety bond division. The transaction closed May 1; terms were not …

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Kelley among five to be inducted into Iowa Insurance Hall of Fame

Five distinguished Iowa insurance professionals will be honored on May 19 as the newest members of the Iowa Insurance Hall of Fame. The 19th annual induction ceremony will be held at the Olmsted Center at …