Expense ratio

Elevance Health Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 18, 2023
Physical Therapy, Managed Care, Other Health, Health, General Health, Pharmaceutical, Mental Health, Health Insurance, Hospitals, Fitness & Nutrition, Telemedicine, Virtual Medicine, Affordable Care Act, ELV, NYSE, Expense ratio, Medicine, Corporation, Share repurchase, GAAP, Acquisition, Information technology, Growth, Employers Group, Pharmacy, Elevance Health, Investment, CMS, Capital, Audit committee, Renewable energy, Bank, Health insurance, Video game, Cryptocurrency, Holding company, Medicare, Medicaid

Elevance Health, Inc. (NYSE: ELV) reported third quarter 2023 results reflecting strong financial performance across the enterprise.

Key Points: 
  • Elevance Health, Inc. (NYSE: ELV) reported third quarter 2023 results reflecting strong financial performance across the enterprise.
  • Operating Revenue: Operating revenue was $42.5 billion in the third quarter of 2023, an increase of $2.9 billion, or 7.2 percent year-over-year.
  • On October 17, 2023, the Audit Committee of the Company's Board of Directors declared a fourth quarter 2023 dividend to shareholders of $1.48 per share.
  • The fourth quarter dividend is payable on December 21, 2023, to shareholders of record at the close of business on December 6, 2023.

Elevance Health Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 19, 2023
Insurance, Hospitals, Telemedicine, Virtual Medicine, Professional Services, Health Insurance, Practice Management, Other Health, Managed Care, Health, Employers Group, Share repurchase, Elevance Health, GAAP, Pharmacy, Audit committee, Acquisition, ACA, Investment, ELV, Capital, Corporation, Expense ratio, Growth, Commercial, NYSE, Renewable energy, Bank, Health insurance, Cryptocurrency, Holding company, Medicaid, Medicare

Elevance Health, Inc. (NYSE: ELV) reported second quarter 2023 results reflecting strong financial performance, including double-digit growth in revenue, operating earnings, and adjusted earnings per share.

Key Points: 
  • Elevance Health, Inc. (NYSE: ELV) reported second quarter 2023 results reflecting strong financial performance, including double-digit growth in revenue, operating earnings, and adjusted earnings per share.
  • “Our solid execution and continued progress of our strategy to become a lifetime trusted health partner resulted in strong second quarter and first half results,” said Gail K. Boudreaux, President and CEO.
  • Operating Revenue: Operating revenue was $43.4 billion in the second quarter of 2023, an increase of $4.9 billion, or 12.7 percent year-over-year.
  • Operating Expense Ratio: The operating expense ratio was 11.1 percent in the second quarter of 2023, unchanged from 11.1 percent in the second quarter of 2022.

Elevance Health Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, April 19, 2023
Practice Management, Telemedicine, Virtual Medicine, Insurance, Managed Care, Health, Hospitals, Professional Services, Other Health, Medicare Advantage, CMS, Employers Group, Share repurchase, Elevance Health, GAAP, Pharmacy, Audit committee, ACA, Investment, ELV, Capital, Corporation, Expense ratio, Growth, Commercial, NYSE, Real estate, Bank, Health insurance, Cryptocurrency, Holding company, Medicaid, Medicare

Elevance Health, Inc. (NYSE: ELV) reported first quarter 2023 results reflecting strong financial performance, including double-digit growth in revenue, operating earnings, and adjusted earnings per share.

Key Points: 
  • Elevance Health, Inc. (NYSE: ELV) reported first quarter 2023 results reflecting strong financial performance, including double-digit growth in revenue, operating earnings, and adjusted earnings per share.
  • “Elevance Health is off to a strong start in 2023, driven by our continued focus on whole health and advancing health beyond healthcare,” said Gail K. Boudreaux, President and CEO.
  • On April 18, 2023, the Audit Committee of the Company's Board of Directors declared a second quarter 2023 dividend to shareholders of $1.48 per share.
  • The second quarter dividend is payable on June 23, 2023, to shareholders of record at the close of business on June 9, 2023.

Pender Growth Fund Provides Financial Highlights and Company Updates

Retrieved on: 
Friday, November 26, 2021
Photon, News, WOF, NAV, Expense ratio, Sale, Environment, Forward-looking statement, Acquisition, Company, Google Images, MD, PPI, Mission statement, TSX, TSX Venture Exchange, HP Inc., Canon Inc., Risk, Legacy, National Missing and Unidentified Persons System, Cryptocurrency, Bank, Security (finance), Audit

We are pleased to see private technology companies from within our portfolio flourish and build value, including having the opportunity to go public.

Key Points: 
  • We are pleased to see private technology companies from within our portfolio flourish and build value, including having the opportunity to go public.
  • At September 30, 2021, the Company held approximately 97% or 16.7 million Legacy Shares of Pender Private Investments Inc. (PPI), formerly the Working Opportunity Fund (EVCC) Ltd. (WOF).
  • These shares were acquired from shareholders of WOF (Exiting Shareholders) under the previously announced transaction (the WOF Transaction).
  • In October, the Company received a total of $63,197,947 on redemption of 9.8 million of the Legacy Shares it held.

First Eagle Credit Opportunities Fund Celebrates One-Year Anniversary

Retrieved on: 
Thursday, September 23, 2021
Banking, Other Professional Services, Professional Services, Finance, Policy, Tax, Exercise, Equal Credit Opportunity Act, Sale, Director, Investment, Income, Fund, FDIC, Management, Board, Indian stock exchange, External commercial borrowing, LLC, Share (finance), Risk, First Eagle Investment Management, NAV, Judgement, FEIM, Funding, Trustee, Expense ratio, First, Life insurance, Security (finance), Bank, Financial adviser

An investment in the First Eagle Credit Opportunities Fund (the Fund) involves a number of significant risks.

Key Points: 
  • An investment in the First Eagle Credit Opportunities Fund (the Fund) involves a number of significant risks.
  • The First Eagle Credit Opportunities Fund is offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC.
  • First Eagle Investment Management is the brand name for First Eagle Investment Management, LLC and its subsidiary investment advisers.
  • First Eagle Alternative Credit is the brand name for those subsidiary investment advisers engaged in the alternative credit business.

Pender Growth Fund Provides Financial Highlights and Company Updates

Retrieved on: 
Saturday, August 28, 2021
Company, WOF, Expense ratio, NAV, Acquisition, HP, TSX Venture Exchange, Forward-looking statement, HP Inc., IFRS, Section 50C of the Isle of Man Income Tax Act 1970, Income Tax Act, Risk, News, Environment, SEDAR, PPI, Mission statement, MER, MD, Security (finance), Insurance, Financial services, Audit, Cryptocurrency

It represents PTFs Net Asset Value (NAV) per share including the proportionate share of the NAV of Pender Private Investments Inc. (PPI).

Key Points: 
  • It represents PTFs Net Asset Value (NAV) per share including the proportionate share of the NAV of Pender Private Investments Inc. (PPI).
  • The WOF Transaction represented a unique opportunity for Pender toacquire an investment entity that holds a portfolio of good companies in the private technology space, our sector of expertise.
  • Please refer to the financial statements and the MD&A available on SEDAR for more information about the transaction.
  • The Company uses Reporting NAV and Reporting NAV per Share as key indicators in the evaluation of the performance and condition of its business.

Gateway Equity Call Premium Fund Adds Expense Cut to Solid Track Record

Retrieved on: 
Wednesday, July 14, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Expense, Financial ratios, Investment funds, Expense ratio, Investor, Investment management, Total expense ratio, Mutual fund fees and expenses, Gateway Investment Advisers, Natixis Investment Managers, GATEWAY INVESTMENT ADVISERS, NATIXIS INVESTMENT MANAGERS

As of the most recent prospectus, the investment advisor has contractually agreed to waive fees and/or reimburse expenses (with certain exceptions) once the expense cap of the fund has been exceeded.

Key Points: 
  • As of the most recent prospectus, the investment advisor has contractually agreed to waive fees and/or reimburse expenses (with certain exceptions) once the expense cap of the fund has been exceeded.
  • When an expense cap has not been exceeded, the gross and net expense ratios and/or yields may be the same.
  • 3 Morningstar rankings for the Gateway Equity Call Premium Fund in the Options Trading category is as of June 30, 2021.
  • Based in Cincinnati, Ohio, Gateway Investment Advisers, LLC (Gateway) specializes in low volatility equity strategies for risk-conscious investors.

Angel Oak Capital Advisors’ Flagship Multi-Strategy Income Fund Celebrates 10-Year Anniversary

Retrieved on: 
Tuesday, July 6, 2021
Finance, Banking, Other Construction & Property, Professional services, Construction & Property, Finance, Expense, Financial ratios, Mutual funds, Money, Institutional investors, Expense ratio, Investment, Prospectus, Mutual fund fees and expenses, Finance, Banking, Other Construction & Property, Professional services, Construction & Property, Finance, Expense, Financial ratios, Mutual funds, Money, Institutional investors, Expense ratio, Investment, Prospectus, Mutual fund fees and expenses

The net expense ratios are reported as of the 1/31/21 Annual Report and are referenced in the 5/31/21 prospectus.

Key Points: 
  • The net expense ratios are reported as of the 1/31/21 Annual Report and are referenced in the 5/31/21 prospectus.
  • Investors should carefully consider the investment objectives, risks, charges and expenses of the Angel Oak Mutual Funds.
  • Changes in interest rates generally will cause the value of fixed-income instruments held by the Fund to vary inversely to such changes.
  • For more information on these risks and other risks of the Fund, please see the Prospectus.

AM Best Revises Outlooks to Stable for STICO Mutual Insurance Company, Risk Retention Group

Retrieved on: 
Wednesday, May 19, 2021
Insurance, Professional services, Financial ratios, Expense, Expense ratio, Stico, Creative works

AM Best also expects moderate volatility in STICO\xe2\x80\x99s underwriting results sustained through excellent loss and loss adjustment expense ratios, complemented by improving expense ratios.

Key Points: 
  • AM Best also expects moderate volatility in STICO\xe2\x80\x99s underwriting results sustained through excellent loss and loss adjustment expense ratios, complemented by improving expense ratios.
  • This is offset partially by an elevated expense ratio, which has declined in recent years, but still lags the industry composite.
  • As an RRG, STICO has done an excellent job in member retention with a historical retention ratio of 95%.
  • AM Best considers STICO\xe2\x80\x99s ERM framework and risk management capabilities to be appropriate for the size and complexity of its organization.

MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds

Retrieved on: 
Monday, April 26, 2021
Consulting, Banking, Professional services, Finance, Finance, Money, Economy, Financial ratios, Expense ratio, Rate of return, Return of capital, Investment, Exchange-traded fund, Hedge fund

Under a managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level.

Key Points: 
  • Under a managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level.
  • The fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital.
  • Any such returns of capital will decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio.
  • Common shares of the Funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund).