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Insurance

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Meet Des Moines’ newest annuity company

Venerable Holdings Inc. isn’t your typical insurance startup. 

The newly formed annuity company, which formally launched on June 1, has leapt out of the gate with about $30 billion in annuity assets under management, over …

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Athene’s operating companies upgraded to ‘A’ rating by S&P

S&P Global Ratings upgraded the financial strength ratings of Athene Holding Ltd.’s operating companies to “A” from “A-.” S&P also upgraded the rating on Bermuda-based Athene Holding to “BBB+” from “BBB.” The outlook of these …

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Non-variable annuity sales up 20 percent year-over-year

Non-variable annuity sales for the second quarter were up 22 percent compared with the first quarter, and increased 20 percent from the same period last year, according to preliminary data from Wink’s Sales & Market Report. …

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TrueNorth acquires second location in Denver market

Cedar Rapids-based insurance brokerage TrueNorth Cos. announced it has expanded its presence in Colorado with the acquisition of Jewell Insurance in Greenwood Village, Colo. “As we continue to broaden our national footprint, we intend to expand TrueNorth’s …

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Harding, Woody to lead HealthPartners UnityPoint Health

HealthPartners UnityPoint Health, a joint venture health insurance company launched in 2015, today announced two key leadership appointments. Cheryl Harding, former Iowa market president of AmeriHealth Caritas, joined Health Partners UnityPoint Health in February as president. Before …

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NCCI recommends 9.2 percent reduction in workers’ comp rates

The National Council on Compensation Insurance is recommending a 9.2 percent reduction in Iowa’s overall voluntary and assigned risk rate level for workers’ compensation, effective Jan. 1. The filing, released last week, marks the third straight year …

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Meredith revenue up more than 30 percent in fiscal ’18

Meredith Corp. today reported its fiscal fourth-quarter and full-year financial results. Total revenues from continuing operations grew 77 percent in the fourth quarter to $788 million, compared with the prior year’s quarter. Excluding special items, …

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Revenues, losses both up at Workiva

Workiva Inc. posted double-digit increases in revenue in the second quarter, with total revenue reaching $59.1 million, up 19.7 percent from the year-ago quarter. Nevertheless, the Ames-based data collaboration, reporting and compliance software company reported a net …

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American Equity’s fixed index annuity sales up 13 percent

American Equity Investment Life Holding Co., a leading issuer of fixed index annuities based in West Des Moines, reported second quarter 2018 net income of $93.9 million, or $1.03 per share, compared with net income …

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EMC reports second-quarter loss

EMC Insurance Group Inc. reported a net loss of $5 million, or 24 cents per share, for the second quarter, compared with net income of $5.5 million, or 26 cents per share, for the year-ago quarter. For …