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Insurance

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Alliant Q2 earnings lag

Alliant Energy reported second-quarter 2019 operating earnings of 40 cents per share, lagging the Zacks Consensus Estimate of 46 cents by 13%. The reported earnings also declined from the year-ago figure by 3 cents, Zacks Equity …

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Marsh & McLennan reports mixed second-quarter results

Marsh & McLennan Cos. Inc. reported higher revenue but lower profit in the second quarter of the year, following completion of its $5.6 billion acquisition of Jardine Lloyd Thompson Group PLC, Business Insurance reported. The New York-based …

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Prescription drug price bill supported by Grassley faces opposition

Radio Iowa: Iowa Sen. Chuck Grassley is championing a bipartisan bill to lower prescription drug costs for Americans over the age of 65. The Senate Finance Committee, which Grassley leads, approved the plan Thursday on a …

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Gallagher announces restructuring of back-office operations

Global insurance brokerage Arthur J. Gallagher is terminating hundreds of employees as a part of a restructuring intended to increase efficiency and productivity in back-office operations, Best’s Insurance News reported. As many as 300 employees will lose …

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Principal operating earnings up 9%; 55-cent dividend declared

Principal Financial Group on Thursday reported second-quarter net income of $386.3 million, compared with $456.6 million for second quarter 2018. Net income per diluted share of $1.37 for second quarter 2019 compared with $1.58 in the prior-year …

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McCarty joins Holmes Murphy as chief strategy officer

Lori McCarty recently joined Holmes Murphy as chief strategy officer. McCarty has more than 25 years of financial services experience at both small and Fortune 500 and 100 companies. McCarty, founder and owner Strategic Design …

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Matovina to retire from American Equity

John Matovina, president and CEO of American Equity Investment Life Holding Co., has notified the company’s board of his intention to retire, according to a filing Thursday with the U.S. Securities and Exchange Commission. Matovina, …

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Nationwide misses goal, will pay state $3M for job losses

Nationwide plans to repay nearly $3 million in state aid because the company eliminated 646 of the 1,570 jobs it promised to keep for 10 years as part of an expansion. Nationwide reported it will …

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Heartland Express reports strong 2Q earnings

Corridor Business Journal: Heartland Express today reported 23% higher earnings per share for its second fiscal quarter. North Liberty-based Heartland reported quarterly earnings per share of 27 cents, up from 22 cents in the year-earlier quarter. …

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House votes to kill Cadillac Tax provision of Obamacare

After two votes to delay the implementation of the ACA’s “Cadillac tax” on high-dollar employer-sponsored health insurance plans, the U.S. House of Representatives has voted to kill the provision altogether, BenefitsPro reported. The House on Wednesday approved …

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