Reinsurance | Jotup

Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended September 30, 2023

Retrieved on:

Tuesday, November 14, 2023

Marketing, Table, Nine Months, Three Months, NAPW, PDN, Music, Cryptocurrency, Clothing, Video game, Health insurance, Reinsurance

Revenues for the three months ended September 30, 2023 from the NAPW segment decreased approximately $17,000 as compared to the same period in the prior year.

Key Points:

Revenues for the three months ended September 30, 2023 from the NAPW segment decreased approximately $17,000 as compared to the same period in the prior year.
Revenues for the three months ended September 30, 2023 from the RemoteMore segment decreased $152,000 as compared to the same period in the prior year.
Basic and diluted net loss per share remained fairly consistent at $0.12 during the three months ended September 30, 2023 as compared to $0.13 during the three months ended September 30, 2022.
Financial Results for the Three Months Ended September 30, 2023
Total revenues for the three months ended September 30, 2023 decreased approximately $107,000, or 5.0 percent, to approximately $2,008,000 from approximately $2,115,000 during the same period in the prior year.

Werewolf Therapeutics Reports Third Quarter 2023 Financial Results and Provides Business Update

Retrieved on:

Tuesday, November 14, 2023

WATERTOWN, Mass., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Werewolf Therapeutics, Inc. (the “Company” or “Werewolf”) (Nasdaq: HOWL), an innovative biopharmaceutical company pioneering the development of conditionally activated therapeutics engineered to stimulate the body’s immune system for the treatment of cancer, today provided a business update and reported financial results for the third quarter ended September 30, 2023.

Key Points:

“Werewolf has made tremendous strides since last quarter, most notably with the presentation of promising first-in-human data from our lead clinical program, WTX-124.
In September 2023, Werewolf hosted a virtual event reviewing the IL-2 landscape and opportunity for WTX-124 among next-generation therapeutic approaches.
Financial Results for the Third Quarter of 2023:
Cash position: As of September 30, 2023, cash and cash equivalents were $130.1 million, compared to $137.5 million as of June 30, 2023.
Net loss: Net loss was $8.3 million for the third quarter of 2023, compared to $11.9 million for the same period in 2022.

Brookfield Reinsurance Announces Results of Exchange Offer and Intention to Take Up Brookfield Corporation Class A Shares

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Tuesday, November 14, 2023

Offer, NYSE, TSX, Brookfield (corporation), NEWS, Reinsurance

BROOKFIELD, NEWS, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced the preliminary results of its previously announced offer (the “Offer”) through which holders of Class A Limited Voting Shares (“BN Shares”) of Brookfield Corporation (NYSE, TSX: BN) were given the opportunity to voluntarily exchange BN Shares for newly-issued class A-1 exchangeable non-voting shares of Brookfield Reinsurance (“class A-1 exchangeable shares”) on a one-for-one basis.

Key Points:

BROOKFIELD, NEWS, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE) today announced the preliminary results of its previously announced offer (the “Offer”) through which holders of Class A Limited Voting Shares (“BN Shares”) of Brookfield Corporation (NYSE, TSX: BN) were given the opportunity to voluntarily exchange BN Shares for newly-issued class A-1 exchangeable non-voting shares of Brookfield Reinsurance (“class A-1 exchangeable shares”) on a one-for-one basis.
Because Brookfield Reinsurance is a “paired entity” to Brookfield Corporation, this result was achieved without any dilution to Brookfield Corporation or Brookfield Reinsurance.
The Offer also enabled holders of BN Shares whose personal circumstances favor investing in the paired entity through the ownership of Brookfield Reinsurance shares an opportunity to exchange their BN Shares for Brookfield Reinsurance class A-1 exchangeable shares.
After giving effect to the Offer, it is expected that there will be approximately 10.5 million class A exchangeable limited voting shares of Brookfield Reinsurance and approximately 32.5 million class A-1 exchangeable shares outstanding.

Staffing 360 Solutions Reports Second Quarter and Six-Month 2023 Financial Results

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Tuesday, November 14, 2023

EBITDA, Acquisition, Flood, Bank statement, GAAP, Operating cost, Table, Retail, Reinsurance, Bookkeeping, Health care

NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ( Nasdaq: STAF ) (“Staffing 360 Solutions” or the “Company”), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today reported its second quarter 2023 financial results for the period ended July 1, 2023.

Key Points:

NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. ( Nasdaq: STAF ) (“Staffing 360 Solutions” or the “Company”), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today reported its second quarter 2023 financial results for the period ended July 1, 2023.
Operating loss was $1.6 million, compared with an operating loss of $643,000 for the prior year period.
Net loss totaled $2.9 million, compared with a net loss of $2.3 million for the prior year period.
Non-GAAP financial measures are meant to supplement, and be viewed in conjunction with, GAAP financial results.

Verisk Expands Collaboration with NFPA to Provide Risk Mitigation Insights Across Western States

Retrieved on:

Tuesday, November 14, 2023

WUI, Risk management, National Fire Protection Association, NFPA, Risk, Data, Risk assessment, VRSK, Global Risks Report, Reinsurance, Verisk Analytics

In 2021, Verisk began leveraging data from NFPA’s Firewise USA Program, which tracks thousands of communities engaging in wildfire mitigation efforts.

Key Points:

In 2021, Verisk began leveraging data from NFPA’s Firewise USA Program, which tracks thousands of communities engaging in wildfire mitigation efforts.
Through this extended agreement, Verisk will now expand its license from California to mitigation insights for the remaining western coverage states, including Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, and Wyoming.
“These new reports from Verisk provide carriers’ with additional information to support a more comprehensive risk management strategy for wildfire in western U.S. states.”
These mitigation insights can be previewed in newly developed Wildfire Risk Reports from Verisk.
To explore wildfire risk at a glance and preview key mitigation details, interested parties can download the state-specific wildfire risk reports from Verisk.

Coface records excellent income of €189.7m in the first nine months amidst slowing inflation and claims normalisation. Annualised ROATE at 14.1%

Retrieved on:

Tuesday, November 14, 2023

Pressure, Richard Roat, Policy, Metal, Investment, IAS, Depreciation, PPT, FX, Growth, Environment, Financial services, Reinsurance, Insurance, Clothing, Retail, Mediterranean Sea

In North America, turnover increased +6.9% at constant FX and +4.0% as reported, driven by the return in client activity and rising commissions.

Key Points:

In North America, turnover increased +6.9% at constant FX and +4.0% as reported, driven by the return in client activity and rising commissions.
This reflects an increased claims frequency since H1-21, with the number of claims nearing pre-COVID levels.
The annualised return on average tangible equity (RoATE) was 14.1% at 30 September 2023, mainly due to the improvement in underwriting income.
Coface is actively devising its next strategic plan, which will be presented to investors on 5 March 2024.

OMNIQ ANNOUNCES Q3 2023 REVENUE OF $17.5 MILLION AND INCREASED GROSS PROFIT to 23%.

Retrieved on:

Monday, November 13, 2023

SALT LAKE CITY, Nov. 13, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions announces Q3 2023 revenue of $17.5M and Gross Profit of $4M.

Key Points:

SALT LAKE CITY, Nov. 13, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions announces Q3 2023 revenue of $17.5M and Gross Profit of $4M.
Q3 2023 Revenue of $17.5 Million a 35% decrease vs Q3 2022 impacted by temporary delay of several large orders mainly related to the supply chain line of products.
Gross margin for the three months ended September 30, 2023, sequentially increased to 23% as compared to 19% in in Q2 2023 and 21% in Q1 2023.
Gross margin for Q3 2023 improved to 23% as compared with 22% in Q3 2022.

ECN Capital Reports US$0.00 in Adjusted Net Income per Common Share in Q3-2023

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Monday, November 13, 2023

Sale, EBITDA, ECN Capital, ECN, Income Tax Act 1947, Adjustment, Triad, Growth, Income Tax Act, TSX, Rare-earth element, Reinsurance, Holding company

TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period ended September 30, 2023.

Key Points:

TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period ended September 30, 2023.
For the three-month period ended September 30, 2023, ECN Capital reported Adjusted net income applicable to common shareholders from continuing operations of $0.5 million or $0.00 per share (basic) versus $0.7 million or $0.00 per share (basic) for the previous three-month period and $11.8 million or $0.05 per share (basic) for the same period last year.
Net (Loss) Income attributable to common shareholders for the three-month period ended September 30, 2023 was ($6.0) million versus ($30.0) million for the previous three-month period and $6.3 million for the same period last year.
These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).

Dragonfly Energy Reports Third Quarter 2023 Financial and Operational Results

Retrieved on:

Monday, November 13, 2023

As expected, this had a material adverse impact on our OEM sales in the third quarter of 2023.

Key Points:

As expected, this had a material adverse impact on our OEM sales in the third quarter of 2023.
Third quarter 2023 Gross Profit was $4.6 million, compared to $7.0 million in the third quarter of 2022.
Third quarter 2023 EBITDA was $(5.7) million, compared to EBITDA of $(3.1) million in the third quarter of 2022.
Dragonfly Energy retains strong financial flexibility with access to a largely undrawn $150 million equity line of credit.

ATA Creativity Global Reports 2023 Third Quarter Financial Results

Retrieved on:

Monday, November 13, 2023

ACG, Research, Student, ADR, ADS, Pharmaceutical industry, Reinsurance, Insurance

Gross profit for Third Quarter 2023 was RMB29.2 million (US$4.0 million), an increase of 24.4% from RMB23.5 million in the prior-year period.

Key Points:

Gross profit for Third Quarter 2023 was RMB29.2 million (US$4.0 million), an increase of 24.4% from RMB23.5 million in the prior-year period.
Total operating expenses for Third Quarter 2023 were RMB37.1 million (US$5.1 million), compared to RMB39.8 million in the prior-year period.
Loss from operations for Third Quarter 2023 was RMB7.9 million (US$1.1 million), compared to loss from operations of RMB16.3 million in the prior-year period.
ACG will host a conference call at 8 p.m. Eastern Time on Monday, November 13, 2023 (9 a.m. Beijing time on Tuesday, November 14, 2023), during which management will discuss the results of the third quarter and nine months ended September 30, 2023.