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Insurance

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Principal records strong first quarter, raises dividend

Principal Financial Group reported a jump in first-quarter net income, to $517.1 million from $288.9 million a year ago. Net income per diluted share was $1.87, compared with $1.04 in last year’s first quarter. Non-GAAP operating earnings …
By BPC Staff | Apr 28, 2021
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FBL Financial receives FINRA approval for proposed merger transaction

FBL Financial Group Inc. announced today that it has received the necessary approvals from the Financial Industry Regulatory Authority for its proposed merger transaction with Farm Bureau Property & Casualty Insurance Co., which if approved by shareholders …
By BPC Staff | Apr 27, 2021
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Wheels begin turning in $2.7B Blue Cross Blue Shield antitrust settlement process

Millions of Blue Cross Blue Shield members across the country, including present and past Wellmark policyholders in Iowa over the past 12 years, may be entitled to a stake in a $2.7 billion antitrust settlement …
By JOE GARDYASZ | Apr 27, 2021
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NOTEBOOK – ONE GOOD READ: In this lawsuit, the right hand is suing the left

An investment journal that I follow just published an interesting story about an ironic twist embodied in a lawsuit involving an annuity company that bases much of its operations in Des Moines. The story by Investment …
By JOE GARDYASZ | Apr 22, 2021
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Stocks up in March; majority of Iowa companies positive

Fourteen of the 18 Iowa-based companies on the Business Record’s Iowa Index posted stock price gains for the month of March. Eight companies posted double-digit percentage gains. Four Iowa-based stocks posted losses, with two being…
By JOHN RETZLAFF | Apr 13, 2021
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Athene releases 2020 corporate social responsibility report

Athene Holding Ltd., the publicly traded parent company of West Des Moines-based retirement services firm Athene USA, recently released its 2020 corporate social responsibility report.  Among highlights of the report, the company documented more than …
By BUSINESS RECORD STAFF | Apr 12, 2021
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Iowa Insurance Division launches online retirement savings education tool

The Iowa Insurance Division has launched Save4Later — a financial wellness and retirement security program that provides tools and resources to help Iowans plan for retirement and save for a financially secure future. “Whether you are 25 …
By BUSINESS RECORD STAFF | Apr 7, 2021
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Insurance division files emergency order against agent

The Iowa Insurance Division on Monday issued an emergency adjudicative order against a Marshalltown insurance agent, Oscar Sanchez. According to the order, Sanchez received cash payments from insurance consumers knowing the payments received were not for payment …
By BUSINESS RECORD STAFF | Apr 6, 2021
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EMC appoints Ann Collins as chief financial officer

EMC Insurance Cos. has hired Ann Collins as senior vice president and chief financial officer, the company announced Thursday. Collins brings more than 28 years of experience in the financial field. Previously, she served as …
By BPC Staff | Apr 2, 2021
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Iowa insurance commissioner approves GuideOne reorganization plan

GuideOne Mutual Insurance has received approval from Iowa Insurance Commissioner Doug Ommen to reorganize from a domestic mutual insurance company to a stock insurance company. The reorganization, which will be conducted through two separate transactions, …
By BPC Staff | Apr 1, 2021
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