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Insurance

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Iowa stocks’ performance was split in July

Eight of the 17 Iowa-based companies on the Business Record’s Iowa Index posted stock price gains for the month of July. Only one company posted double-digit percentage gains. Nine Iowa-based stocks posted losses, with three …

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American Equity reports net loss; annuity sales double from 2020 levels

American Equity Investment Life Holding Co. reported a net loss available to common stockholders of $65.6 million, or 69 cents per share, for its second quarter, compared with a loss of $253.4 million, or $2.76 …

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Some Iowans could see up to 21% premium hike under Wellmark proposal

Axios Des Moines: Thousands of Iowans who receive health coverage through the Affordable Care Act marketplace could see their premiums increase by as much as 21% next year, under a request recently filed with the Iowa …

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Delta Dental partners with ARAG to extend legal insurance, ID protection to clients

Delta Dental of Iowa has launched a new partnership with legal insurance provider ARAG North America Inc. to offer legal insurance and identity theft protection to Delta Dental customers with fewer than 250 employees. This …

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Workiva reports 26% sales increase, shrinks net loss for second quarter

Workiva Inc. narrowed its net loss in the second quarter that ended June 30, with a GAAP net loss of $9.5 million, compared with a GAAP net loss of $19.6 million for the prior year’s …

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F&G’s fixed indexed annuity sales up 31% year over year

F&G, a provider of annuities and life insurance based in Des Moines, reported $1.6 billion in total annuity sales in the second quarter, an 80% jump in year-over-year sales and a 9% increase from the …

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Collins Aerospace sees increase in sales, profit as commercial air travel recovers

Cedar Rapids Gazette: As more travelers book commercial flights, Cedar Rapids’ largest employer is experiencing the benefits on its balance sheet. Collins Aerospace saw a 6% rise in adjusted sales the second quarter of 2021 compared …

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Farm Bureau Financial’s P&C, life and health companies named to Ward’s 50 lists

Ward Group announced that Farm Bureau Property & Casualty Insurance Co. and Farm Bureau Life Insurance Co. have been named to the 2021 Ward’s 50 group of top performing companies. Together, the companies go to …

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Cedar Rapids-based Basepoint Wealth acquires Charter Accounting in Des Moines

Basepoint Wealth, a fee-only wealth management firm based in Cedar Rapids, is establishing its first presence in the Des Moines metro area with its acquisition of Charter Accounting PLC, the Corridor Business Journal reported. Under the terms …

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Prudential selling retirement plan business to Empower for $3.55 billion

Empower Retirement, the No. 2 U.S. retirement plan provider, has reached a deal to buy Prudential’s retirement plan business, Investment News reported. Empower will pay $3.55 billion for the business, along with $2.1 billion to support it, …