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Insurance

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FBL Financial reports first-quarter net loss

FBL Financial Group Inc. on Thursday reported a net loss for the first quarter of $2.5 million, or 10 cents per common share, compared with net income of $34.0 million, or $1.37 per diluted common share, for …

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Iowa stocks moved higher in April

Market volatility continued into April due to COVID-19, high unemployment numbers and troubling economic data. 

Twelve of 19 Iowa-based companies on the Business Record’s Iowa Index posted stock price gains for the month. Ten of …

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Knutson promoted to senior leadership role at NCMIC

NCMIC Group Inc., the nation’s largest chiropractic malpractice insurance company, has promoted Melissa Knutson to senior vice president for insurance operations and has named her to the senior management team. She most recently was vice …

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FGL reports first-quarter loss on market adjustments; annuity sales remain steady

FGL Holdings, the parent company of annuity provider and life insurer Fidelity & Guaranty Life in Des Moines, on Wednesday reported a first-quarter net loss available to common shareholders of $346 million, or $1.62 per …

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United Fire & Casualty to transfer personal lines business to Nationwide

United Fire & Casualty has reached a deal for its independent insurance agents to transfer its personal lines policies to Nationwide Mutual Insurance Co., the Corridor Business Journal reported. The move represents a strategic refocusing by the …

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Lillis, Redgate join American Enterprise board

American Enterprise Group Inc., a Des Moines-based insurance holding company, announced it recently appointed Kathy Redgate and Terry Lillis to its board of directors. Redgate, most recently executive vice president and adviser to the CEO …

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Nationwide to shift 4,000 workers to permanent remote work

Nationwide Mutual Insurance Co. on Wednesday announced it will close most of its smaller offices by November and transition those employees — about 4,000 people — to permanent work-from-home status, Columbus Business First reported. (subscription required). Nationwide said …

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Principal reports lower first-quarter earnings, declares dividend

Principal Financial Group reported lower year-over-year earnings for the first quarter of 2020 but a strong financial position as it responded to the COVID-19 pandemic. Net income attributable to Principal for first quarter 2020 was $288.9 million, …

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West Bank first-quarter earnings up; bank lends more than $200 million through PPP

West Bancorporation Inc., the West Des Moines parent company of West Bank, today reported first quarter net income of $8.1 million, or 49 cents per share, compared to first quarter 2019 net income of $6.9 million, or …

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Heartland Express earnings hold up in first quarter

Corridor Business Journal: Although Heartland Express is bracing for the coming effects of the coronavirus pandemic, the company reported first-quarter earnings on Tuesday that beat analysts’ expectations, spurred by increased revenue. The North Liberty-based truckload carrier …

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