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Insurance

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American Equity reports first-quarter loss

American Equity Investment Life Holding Co., a leading issuer of fixed index annuities based in West Des Moines, reported a first-quarter 2019 net loss of $30 million, or 33 cents per share, compared with net income of …

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DowDuPont’s net sales drop in first quarter

DowDuPont Inc.’s first-quarter profit dropped with lower net sales and higher expenses related to spinoff companies, the Wall Street Journal reported. CEO Ed Breen blamed bad weather, slowdowns in the auto and smartphone markets, and lower …

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Global Insurance Symposium examines an industry in transition

The retirement savings crisis, cybersecurity threats and the evolving adoption of technology by the insurance industry were among key topics discussed during this year’s Global Insurance Symposium in Des Moines.

Attendance set a record at …

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Heartland Financial profit jumps 35%

Dubuque-based bank holding company Heartland Financial USA Inc. reported first-quarter net income of $31.5 million, a 35% increase from $23.3 million in the first quarter of 2018, according to a release. During the quarter, Heartland completed …

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Principal reports first-quarter earnings, announces dividend

Principal Financial Group on Thursday reported net income for the first quarter of $429.9 million, compared with $397.1 million for first quarter 2018. Net income per diluted share of $1.53 for first quarter 2019 compares with $1.36 …

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West Bank loans up 16% in first quarter, dividend reaches new high

West Bancorporation Inc., parent company of West Bank, today reported first-quarter net income of $6.9 million, or 42 cents per share, compared with 2018 first-quarter net income of $7.4 million, or 45 cents per share. Overall, West …

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A.M. Best revises AEG subsidiaries’ outlooks to ‘positive’

Des Moines-based insurer American Enterprise Group Inc. announced that A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings “a-” …

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United Technologies profit beats estimates, with boost from Rockwell Collins

Reuters: United Technologies Corp. reported a higher-than-expected quarterly profit today, boosted by robust demand for aircraft parts at one of the producers better placed to ride out the fallout of this year’s Boeing 737 Max groundings. …

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Global Insurance Symposium begins today in Des Moines

Although they might not be as visible as the state wrestling crowds or as rambunctious as the NCAA tournament participants, you may still notice hundreds of insurance professionals as they begin gathering for the Global …

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NOTEBOOK: Rock band provides financial literacy message

How do you get hundreds of teens excited about financial literacy? First, invite them to a rock concert. 

The Iowa Insurance Division has invited Gooding — a unique band whose members blend their love of…
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