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Insurance

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Iowa stocks mixed in January, down 6.3 percent year-to-date

January ended up as a mixed bag for the Iowa Index, an unweighted average of 22 Iowa-based public companies (in bold type in chart). Eleven of the 22 posted gains while the other 11 sustained losses. …

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GuideOne to put water leak and freeze detector app in churches

West Des Moines-based GuideOne Insurance announced that it will begin a pilot project in March to install water leak and freeze detectors in 2,000 churches that it provides property casualty coverage for across the country. …

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Global Insurance Symposium announces keynote speakers

One of Europe’s most influential thought leaders on digital transformation and insurance technology will keynote the Global Insurance Symposium April 24-26 in Des Moines. Robin Kiera, who hails from Hamburg, Germany, was recently named a …

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Holmes Murphy adds Dallas-based benefits group

Holmes Murphy & Associates announced it has added Employee Benefit Strategies Group, a Dallas-based benefit consulting group, to its team of benefits experts. The EBSG team members joining the West Des Moines-based insurance and benefits …

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Wellmark pledges to re-enter individual health market in 2019

Wellmark Blue Cross and Blue Shield of Iowa announced Thursday that it plans to re-enter the individual health insurance market on the public exchange in Iowa next year, assuming there aren’t any significant changes to …

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EMC reports higher fourth-quarter earnings

Des Moines-based EMC Insurance Group Inc. today reported net income of $26.2 million, or $1.23 per share, for the fourth quarter ended Dec. 31, compared with net income of $21.3 million, or $1.01 per share, …

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American Equity earnings down in fourth quarter, annuity sales up

American Equity Investment Life Holding Co., a leading issuer of fixed index annuities based in West Des Moines, reported fourth-quarter net income of $36.8 million, or 41 cents per share, down from net income of …

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EMC enters strategic partnership with stealthy insurtech startup

EMC Insurance Group Inc. today announced it has entered into a strategic partnership with DAIS Technology Inc., an insurtech startup that is launching a connected network designed to help insurance agents advance their digital capabilities. …

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Marsh & McLennan operating income up 8 percent in fourth quarter

Marsh & McLennan Cos. Inc. today reported strong results for the fourth quarter and full-year 2017. Consolidated revenue in the fourth quarter of 2017 was $3.7 billion, an increase of 10 percent compared with the …

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‘A very good year for Principal’ — with added tax benefits

Principal Financial Group on Monday announced record net income of $2.3 billion for 2017, with earnings buoyed by a $625.6 million benefit from remeasuring its tax liability using the lower corporate tax rate. Earnings for …