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Insurance

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Athene posts fourth-quarter net loss, but sees record asset growth

Athene Holding Ltd., parent of Athene USA in West Des Moines, posted a net loss for the fourth quarter of $104 million, or 53 cents per share, compared with net income for the fourth quarter …

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Insurer UFG weathers a tough fourth quarter amid rising claims

Corridor Business Journal: It was a tough fourth quarter for UFG Insurance, bringing a consolidated net loss amid rising auto and property claims as well as investment losses. The Cedar Rapids-based insurer last week reported a …

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Nationwide Insurance widens workforce reductions in Des Moines

One of Des Moines’ largest insurance employers will cut nearly 200 positions as part of a national workforce reduction, the Des Moines Register reported. Nationwide Insurance issued 191 layoff notices to Des Moines workers this month, more …

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‘Tariffs and trade’ hobble Deere earnings

Deere & Co. blamed “tariffs and trade policies” for weighing on market sentiment, resulting in first-quarter earnings that missed estimates by a country mile. Deere reported earnings of $1.54 per share on revenues of $6.9 …

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Gerhart named to National Insurance Producer Registry board

The National Insurance Producer Registry (NIPR), a not-for-profit affiliate of the National Association of Insurance Commissioners aimed at streamlining producer licensing, announced its new board members and director for 2019 during its winter board of …

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Meredith revenues more than double in second quarter

Meredith Corp. reported “stronger-than-expected” financial results for its fiscal second quarter on Monday. Total company revenues from continuing operations, which included special items in both periods, more than doubled to $854 million. Earnings from continuing operations for …

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January a good start for Iowa stocks in 2019

Seventeen out of 21 Iowa-based companies posted gains for the month of January. Four posted losses. 

Ten companies posted double-digit percentage gains. The top three were KemPharm Inc. with a 44.63 percent gain, Lee Enterprises…
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FBL Financial earnings fourth-quarter earnings down

FBL Financial Group reported net income for the fourth quarter of $6.4 million, or 26 cents per share, compared to $104 million, or $4.15 per share, for the fourth quarter of 2017. Fourth quarter 2017 net income …

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Lee Enterprises reports double digit digital growth

Quad-City Times: Davenport-based Lee Enterprises Inc., a media company that owns news outlets in eastern Iowa, reported today earnings of $10.7 million for its first fiscal quarter ended Dec. 30, or 18 cents per diluted common …

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DHI Group reports lower net income, sees tech revenue stabilizing

Career-site company DHI Group Inc., which has operations in Urbandale, reported fourth-quarter net income of $2.9 million, or 6 cents per share, on revenues of $38 million. By comparison, fourth-quarter 2017 net income was $11.8 million or …