Riverwoods, Illinois

AM Best Assigns Credit Ratings to Federal Life Insurance Company

Retrieved on: 
Wednesday, December 20, 2023
Banking, Professional Services, Insurance, Finance, Risk, ERM, Credit, AM Best, Health, ICG, News, Riverwoods, Illinois, Growth, Fed, ALL, Life

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Federal Life Insurance Company (Fed Life) (Riverwoods, IL).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Federal Life Insurance Company (Fed Life) (Riverwoods, IL).
  • Financial flexibility is viewed as positive as the company has access to additional capital at the holding company level (Federal Life Group, Inc.), and from its ultimate parent organization, Insurance Capital Group, LLC (ICG).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Assigns Preliminary Credit Assessment to Federal Life Insurance Company

Retrieved on: 
Thursday, December 14, 2023
Insurance, Professional Services, ICG, ERM, Risk, Credit, PCA, Assessment, Riverwoods, Illinois, AM Best, Health, Business, Growth, Fed, News, ALL, Credit rating, Life, Risk management

AM Best has assigned a Preliminary Credit Assessment (PCA) to Federal Life Insurance Company (Fed Life) (Riverwoods, IL) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca (Excellent).

Key Points: 
  • AM Best has assigned a Preliminary Credit Assessment (PCA) to Federal Life Insurance Company (Fed Life) (Riverwoods, IL) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca (Excellent).
  • Financial flexibility is viewed as positive as the company has access to additional capital at the holding company level (Federal Life Group, Inc.), and from its ultimate parent organization, Insurance Capital Group, LLC (ICG).
  • The adequate operating performance assessment and the neutral business profile assessment are based on Fed Life’s business plans presented to AM Best.
  • For additional information regarding the use and limitations of Credit Rating and Assessment opinions, please view Guide to Best’s Credit Ratings .

SBB Research Group Names October 2021 Grant Finalists: The Bloc, Brushwood Center, Mothers Trust Foundation

Retrieved on: 
Tuesday, October 19, 2021
Professional Services, Philanthropy, Other Philanthropy, Fund Raising, Finance, Foundation, Boxing, STEM, Riverwoods, Illinois, Economics, Science, technology, engineering, and mathematics, Creativity, Lake Forest, Mental health, Social, LDS Family Services, Mentorship, Tutoring

Brushwood Center (Riverwoods) is an arts and cultural center that offers programs to promote well-being, foster creativity, and stimulate learning for youth, families, military veterans, and senior citizens.

Key Points: 
  • Brushwood Center (Riverwoods) is an arts and cultural center that offers programs to promote well-being, foster creativity, and stimulate learning for youth, families, military veterans, and senior citizens.
  • Mothers Trust Foundation (Lake Forest) supports local children in crisis by providing funding for critical necessities through a network of social workers, school counselors, and other social services providers.
  • Last month, Haven Youth and Family Services received a $5,000 grant to support adolescents' mental health and well-being in the local community.
  • SBB Research Group LLC (SBBRG) is a Chicago-based investment management firm that views the market through a systematic, interdisciplinary lens.

Discover Financial Services Reports Second Quarter 2021 Net Income of $1.7 Billion or $5.55 Per Diluted Share

Retrieved on: 
Wednesday, July 21, 2021
Banking, Other Professional Services, Professional services, Finance, Companies, Service companies, Discover Financial, Riverwoods, Illinois, DFS Group, New York Stock Exchange, DFS

Discover Financial Services (NYSE: DFS) today reported net income of $1.7 billion or $5.55 per diluted share for the second quarter of 2021, as compared to a net loss of ($368) million or ($1.20) per diluted share for the second quarter of 2020.

Key Points: 
  • Discover Financial Services (NYSE: DFS) today reported net income of $1.7 billion or $5.55 per diluted share for the second quarter of 2021, as compared to a net loss of ($368) million or ($1.20) per diluted share for the second quarter of 2020.
  • The second quarter of 2021 included a $321 million reserve release, compared to a reserve build of $1.3 billion in the second quarter of 2020.
  • During the second quarter of 2021, the company repurchased approximately 4.9 million shares of common stock for $553 million.
  • Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services.

Discover and SIBS MB Establish Strategic Agreement to Increase Payment Acceptance

Retrieved on: 
Tuesday, July 13, 2021
Networks, Finance, Banking, Professional services, Technology, Discover Financial, Money, Payment systems, Credit cards, Finance, Riverwoods, Illinois, Discover Card, Diners Club International, Multibanco

SIBS MB and Discover signed a strategic agreement that increases the global acceptance footprint for both organizations.

Key Points: 
  • SIBS MB and Discover signed a strategic agreement that increases the global acceptance footprint for both organizations.
  • This new strategic agreement gives Discover, Diners Club International and network alliance cardholders the ability to use their cards on the SIBS MB network at merchant and ATM locations across Portugal.
  • SIBS MB Chief Executive Officer, Ana Grade said: This strategic partnership with Discover reinforces SIBS continuous efforts to offer multiple payment options on a global scale.
  • This strategic partnership focuses on acquiring to allow all Discover Global Network cards to be accepted through the MB network, and on allowing SIBS MB issuers to issue MB cards that will be accepted on the Discover Global Network for international purchases and withdrawals outside of Portugal.

Discover Financial Services Announces Second Quarter 2021 Earnings Release on July 21, 2021 and Conference Call on July 22, 2021

Retrieved on: 
Thursday, July 1, 2021
Banking, Professional services, Finance, Companies, Discover Financial, Riverwoods, Illinois, New York Stock Exchange, DFS, Service companies, Discover Card, Finance

Discover Financial Services (NYSE: DFS) plans to report its second quarter 2021 results after the market closes on Wednesday, July 21, 2021.

Key Points: 
  • Discover Financial Services (NYSE: DFS) plans to report its second quarter 2021 results after the market closes on Wednesday, July 21, 2021.
  • The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com .
  • A conference call to discuss the firm's results, outlook and related matters will be held on Thursday, July 22, 2021 at 7:00 a.m. Central time.
  • Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services.

Discover Financial Services to Present at Morgan Stanley US Financials, Payments & CRE Conference – Updated Time

Retrieved on: 
Tuesday, June 1, 2021
Professional services, Finance, Finance, Companies, Financial services, Discover Financial, Riverwoods, Illinois, Discover Card, House of Morgan, Morgan Stanley, DFS, Discover, New York Stock Exchange

Roger Hochschild, chief executive officer and president of Discover, will present at the Morgan Stanley US Financials, Payments & CRE Virtual Conference on Tuesday, June 15, 2021, at 9:30 a.m.

Key Points: 
  • Roger Hochschild, chief executive officer and president of Discover, will present at the Morgan Stanley US Financials, Payments & CRE Virtual Conference on Tuesday, June 15, 2021, at 9:30 a.m.
  • A link to the listen-only live audio webcast will be posted on the day of the conference to Discover's Investor Relations website at http://investorrelations.discover.com .
  • A replay will be available for 90 days after the conference at the same website address.
  • Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services.

Wolters Kluwer helps smaller tax and accounting firms reap the benefits of its cloud-based CCH Axcess™ expert solutions

Retrieved on: 
Thursday, May 27, 2021
Professional services, Technology, Software, Finance, Internet, Banking, Accounting, Legal research, Accounting software, CCH, Riverwoods, Illinois, Wolters Kluwer, CT Corporation, Articles, Publishing, Companies

Today, Wolters Kluwer Tax & Accounting announced the introduction of CCH Axcess Tax Pro , to help tax and accounting professionals in smaller firms, with up to 19 staff members, take advantage of cloud-based CCH Axcess expert solutions.

Key Points: 
  • Today, Wolters Kluwer Tax & Accounting announced the introduction of CCH Axcess Tax Pro , to help tax and accounting professionals in smaller firms, with up to 19 staff members, take advantage of cloud-based CCH Axcess expert solutions.
  • CCH Axcess helps firms drive efficiency and prioritizes automating non-billable tasks to maximize profit-making potential for firms.
  • The specialized CCH Axcess Tax Pro offering includes the award-winning CCH Axcess Tax and CCH ProSystem fx Scan and Autoflow expert solutions, as well as a professional onboarding package with data conversion, migration, and user training so firms can quickly get up and running.
  • For more information and to see if you qualify for the CCH Axcess Tax Pro offering, please call 1-800-739-9998.

Discover Financial Services to Present at Morgan Stanley US Financials, Payments & CRE Conference

Retrieved on: 
Wednesday, May 26, 2021
Banking, Professional services, Finance, Finance, Companies, Financial services, Discover Financial, Riverwoods, Illinois, Discover Card, House of Morgan, Morgan Stanley, DFS, Discover, New York Stock Exchange

Roger Hochschild, chief executive officer and president of Discover, will present at the Morgan Stanley US Financials, Payments & CRE Virtual Conference on Tuesday, June 15, 2021, at 7:30 a.m.

Key Points: 
  • Roger Hochschild, chief executive officer and president of Discover, will present at the Morgan Stanley US Financials, Payments & CRE Virtual Conference on Tuesday, June 15, 2021, at 7:30 a.m.
  • A link to the listen-only live audio webcast will be posted on the day of the conference to Discover's Investor Relations website at http://investorrelations.discover.com .
  • A replay will be available for 90 days after the conference at the same website address.
  • Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services.

Flywire and Discover Partner on Global Education Payments

Retrieved on: 
Thursday, May 6, 2021
Discover Financial, Credit cards, Money, Riverwoods, Illinois, Finance, Articles, Payment system, Diners Club International, Discover Card, Payment

b"Flywire adds Discover, Diners Club International and network alliance cards to its global payment network, providing new payment options for students and schools globally\nBOSTON, May 06, 2021 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) and Discover announced a new partnership that provides students and schools around the world with digital options for education payments.

Key Points: 
  • b"Flywire adds Discover, Diners Club International and network alliance cards to its global payment network, providing new payment options for students and schools globally\nBOSTON, May 06, 2021 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) and Discover announced a new partnership that provides students and schools around the world with digital options for education payments.
  • These countries represent growing markets for students studying abroad and Discover Global Network cards are a popular payment option in each of them.\nFlywire is the payment provider of choice for education institutions around the world.
  • The solution also enables institutions to create custom payment plans to provide students and families with greater flexibility.\n\xe2\x80\x9cDiscover is a leading digital bank and payments provider, and we\xe2\x80\x99re very pleased to offer their popular Discover Global Network card brands as a payment option for the first time,\xe2\x80\x9d said Mohit Kansal, vice president of global payments for Flywire.
  • It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world.