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Insurance

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REG earnings flat in third quarter; better results expected with renewal of tax credit

The lapse of the federal Biodiesel Mixture Excise Tax Credit (BTC) resulted in flat third-quarter earnings for Ames-based Renewable Energy Group Inc., according to a release. For the quarter ended Sept. 30, revenues were $627 …

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EMC earnings lower after record storm losses

Des Moines-based EMC Insurance Group Inc. reported third-quarter net income of $746,000, or 3 cents per share, compared with net income of $4.1 million, or 20 cents per share, in the third quarter of 2016. …

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Principal Community Scholars announces 2018 class

Twenty-five college students from Iowa, Minnesota and Wisconsin have been selected for the 2018 class of the Principal Community Scholars Program. The recipients were selected after being nominated by faculty or staff from their college …

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EMC announces leadership changes

EMC Insurance Group Inc. has named Mick Lovell as executive vice president of operations, effective Jan. 2. He will take over the responsibilities of Kevin Hovick, who is retiring. Lovell, currently executive vice president for …

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American Equity sees earnings uptick, but annuity sales down 22%

American Equity Investment Life Holding Co. reported third-quarter net income of $57 million, or 63 cents per share, compared with a net loss of $7.4 million, or 9 cents per share, for third quarter 2016. …

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Proposed excise tax could affect Bermuda-based Athene

Shares of Apollo Global Management LLC and other private equity firms fell after House Republicans introduced a tax plan that throws up a roadblock for Athene Holding Ltd., the insurer that accounts for about a …

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Majority of Iowa stocks gained in October

October ended with a treat for the majority of companies that make up the Business Record’s Iowa Index, with 15 of the 23 state-based public companies posting gains for the month. 

The index, an unweighted …

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FBL earnings dip in third quarter

FBL Financial Group Inc. reported third-quarter net income of $27.1 million, or $1.08 per share, compared with $30 million, or $1.20 per share, for the third quarter of 2016. Earnings were lower primarily because of …

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Cognizant’s revenue up 9 percent

Cognizant, a New Jersey-based Fortune 500 company that’s been rapidly building its Des Moines presence, reported net income of $495 million, or 84 cents per share, compared with $444 million, or 73 cents, for the …

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Survey: Self-funded health plans grow in popularity

As organizations begin to assess options for group health coverage in 2018, new data out this week could help provide some perspective. Employer premiums on health care plans rose higher this year than they have …