AABP EP Awards 728x90

Insurance

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California wildfires drive 2018 net loss for EMC

EMC Insurance Group Inc. reported a net loss of $21.5 million, a $1 per share loss, for the quarter ended Dec. 31, compared to net income of $26.2 million or $1.23 per share for the …

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American Equity ends 4Q, 2018 on high notes

American Equity Investment Life Holding Co. on Wednesday reported fourth-quarter net income of $53.8 million, or 59 cents per share, compared to net income of $36.8 million, or 41 cents per share, for fourth quarter 2017. For …

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AmeriLife Group acquires Dallas Financial Wholesalers

AmeriLife Group LLC, a national leader in developing, marketing and distributing annuity, life and health insurance solutions, announced it has acquired Dallas Financial Wholesalers in a private transaction. Including DFW, Clearwater, Fla.-based AmeriLife now generates over $3 …

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Archer Daniels Midland profit misses estimates

Reuters: U.S. grains trader Archer Daniels Midland Co. today missed Wall Street estimates for quarterly profit, hurt by higher expenses and lower margins in its origination business. The crop trader has been facing a slump in …

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GuideOne hires seasoned sales and marketing executive

GuideOne Insurance announced that Rob Huber has been appointed to the position of senior vice president, sales and field operations, effective today. In this role, Huber is responsible for leading GuideOne’s sales, marketing, field underwriting …

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Principal fourth-quarter net income down; 2018 operating earnings up 8 percent

Principal Financial Group on Tuesday announced results for the fourth quarter and the full year of 2018. Fourth-quarter net income attributable to Principal was $236.5 million, or 83 cents a share, compared with $841.8 million, …

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Great-West sells life and annuity business to Protective Life

Great-West Life & Annuity Insurance Co. has reached an agreement to sell substantially all of its individual life insurance and annuity business to Protective Life Insurance Co. Great-West’s retirement and investment management divisions, Empower Retirement and Great-West …

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Iowa Insurance Division launches Senior Medicare Patrol to take fraud reports

The Iowa Insurance Division is launching a new resource for Iowans to report Medicare fraud, Iowa Insurance Commissioner Doug Ommen announced this morning. The Senior Medicare Patrols (SMP) will empower Medicare beneficiaries, families and caregivers to detect …

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Former Urbandale insurance agent convicted of felony fraud

A former insurance agent who had worked in Urbandale has been convicted of a felony following an insurance fraud investigation by the Iowa Insurance Division. Joy Marie Heldt, 48, of Madrid was convicted of fraudulent …

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West Bank parent reports record net income for 2018

West Bancorporation Inc. reported record profits of $28.5 million, or $1.74 per share, for 2018. In 2017, the West Des Moines bank holding company reported net income of $23.1 million, or $1.41 per share. Net …