ROE

CNB COMMUNITY BANCORP, INC. REPORTS 2023 RESULTS

Retrieved on: 
Friday, January 12, 2024
OTCQX, ROE, CNBB, Futures contract, EPS, Total, ROA, The Company, CNB, Cryptocurrency

HILLSDALE, Mich., Jan. 12, 2024 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three months and twelve months ended December 31, 2023.

Key Points: 
  • HILLSDALE, Mich., Jan. 12, 2024 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three months and twelve months ended December 31, 2023.
  • For the year ended December 31, 2023, CNB Community Bancorp, Inc. (the "Company") reported net income of $10.6 million, a decrease of $1.6 million, or 13.1%, from the $12.2 million earned during the year ended December 31, 2022.
  • Basic earnings per share decreased to $4.91 during the year ended December 31, 2023, down $0.77 from $5.68 during 2022.
  • Furthermore, the Company results demonstrate that this model works as CNB surpassed $1.25 billion in assets in 2023 and improved our Net Interest Margin to 3.62%."

AM Best Affirms Credit Ratings of Life Insurance Corporation (International) B.S.C. (c)

Retrieved on: 
Thursday, January 4, 2024
Professional Services, Insurance, Finance, BHD, ERM, Credit, ROE, AM Best, International, LICI, LIC, News, Life Insurance Corporation, Risk management, Gulf Cooperation Council, ALL

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Life Insurance Corporation (International) B.S.C.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Life Insurance Corporation (International) B.S.C.
  • 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 is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Crazy Woman Creek Bancorp Reports Earnings for Fiscal Year 2023

Retrieved on: 
Wednesday, December 27, 2023
CECL, Partnership, FOMC, Bank, ROE, Fort Street, ROA, Professional, CRZY, MST, Environment

BUFFALO, Wyo., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We continue to build our franchise as Crazy Woman Creek Bancorp (OTCPink: CRZY) and Buffalo Federal Bank, known as The Banks of Buffalo, Sheridan, Gillette and BFSB Mortgage of Evanston.

Key Points: 
  • BUFFALO, Wyo., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We continue to build our franchise as Crazy Woman Creek Bancorp (OTCPink: CRZY) and Buffalo Federal Bank, known as The Banks of Buffalo, Sheridan, Gillette and BFSB Mortgage of Evanston.
  • Our vision remains to be the premier community bank serving the needs of individuals, families and businesses throughout North-Central Wyoming.
  • Crazy Woman Creek Bancorp posted the third-best performance in our 87-year history; at September 30, 2023 the fiscal year net income was $1,277,138, corresponding to an annualized return on equity (ROE) of 10.41% and annualized return on assets (ROA) of 0.71%.
  • Our loan loss reserve at September 30, 2023 was 1.79% and substantially above the Wyoming average of 1.45%.

Inter&Co Surpasses 30 Million Clients, Accelerating Growth Toward Its Five-Year Business Plan

Retrieved on: 
Tuesday, December 5, 2023
Growth, Investment, ROE, INTR, Inter, Quarter

This significant milestone in number of clients, including Brazilian and US customers, places the company ahead of its "60-30-30 Business Plan", presented early in 2023, which aims to reach 60 million clients by 2027 while maintaining a 30% efficiency ratio and achieving a 30% return on equity (ROE).

Key Points: 
  • This significant milestone in number of clients, including Brazilian and US customers, places the company ahead of its "60-30-30 Business Plan", presented early in 2023, which aims to reach 60 million clients by 2027 while maintaining a 30% efficiency ratio and achieving a 30% return on equity (ROE).
  • "After delivering another record-breaking quarter in 2023, reaching the milestone of 30 million clients reinforces the success of our business model," said João Vitor Menin, CEO of Inter&Co.
  • Looking ahead to 2024, Inter plans to continue fueling the growth and engagement of its clients.
  • These points can be exchanged for a series of benefits in Inter's digital ecosystem, including cashback, discounts in the marketplace, investments, and air miles.

AM Best Affirms Credit Ratings of Hannover Rück SE and Its Main Subsidiaries

Retrieved on: 
Thursday, December 21, 2023
Insurance, Professional Services, Geography, Credit, ROE, AM Best, Hannover Re, FSR, Superior, Risk management

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Hannover Rück SE (Hannover Re) (Germany) and its main subsidiaries.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Hannover Rück SE (Hannover Re) (Germany) and its main subsidiaries.
  • AM Best also has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of a debt instrument issued by Hannover Re.
  • The outlook of these Credit Ratings (ratings) is stable.
  • The FSR of A+ (Superior) and the Long-Term ICRs of “aa” (Superior) have been affirmed with stable outlooks for Hannover Rück SE and the following subsidiaries:

AM Best Affirms Credit Ratings of HDI Haftpflichtverband der Deutschen Industrie V.a.G. and Its Rated Insurance Subsidiaries

Retrieved on: 
Wednesday, December 20, 2023
Professional Services, Insurance, Finance, Liberty Seguros, HDI, Acquisition, ROE, AM Best, Liberty, Credit, Growth, EUR, Risk management, FSR, Superior, Printed circuit board

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of HDI Haftpflichtverband der Deutschen Industrie V.a.G.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of HDI Haftpflichtverband der Deutschen Industrie V.a.G.
  • The outlook of these Credit Ratings (ratings) is stable.
  • Additionally, AM Best has affirmed the Mexico National Scale Rating of “aaa.MX” (Exceptional) of HDI Global Seguros, S.A. (Mexico City, Mexico).
  • The FSR of A+ (Superior) and the Long-Term ICR of “aa-” (Superior) have been affirmed, with a stable outlook, for the following subsidiaries of HDI V.a.G.

AM Best Affirms Credit Ratings of Elevance Health, Inc. and Its Subsidiaries

Retrieved on: 
Tuesday, December 19, 2023
Insurance, Professional Services, Tax, FHLB, CareMore, Pharmacy, ERM, ELV, Credit, Acquisition, ROE, AM Best, Elevance Health, News, Health, Federal Home Loan Banks, BCBS, FEP, Good, ALL, Long-Term Capital Management, FSR, Anthem

There were no borrowings outstanding at the company’s credit facility or FHLB borrowing as of Sept. 30, 2023.

Key Points: 
  • There were no borrowings outstanding at the company’s credit facility or FHLB borrowing as of Sept. 30, 2023.
  • 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 is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Global outlook: Insurance industry strengthens resilience in challenging environment, says Swiss Re Institute

Retrieved on: 
Thursday, December 21, 2023
Growth, ROE, GDP, Swiss Re, Property, Disinflation, Insurance, Hamas, Environment, Risk, Sigma, Tourism

Major economies are diverging with the US continuing to grow, Europe stagnating and China grappling with structural domestic growth challenges.

Key Points: 
  • Major economies are diverging with the US continuing to grow, Europe stagnating and China grappling with structural domestic growth challenges.
  • According to the sigma "Risk on the rise as headwinds blow stronger" the global insurance industry's strengthening financial position offers welcome reinforcement against elevated macroeconomic and geopolitical risks.
  • Jérôme Jean Haegeli, Swiss Re's Group Chief Economist, says: "Fading economic tailwinds and geopolitical uncertainties reinforce the primary insurance industry's essential role in risk transfer.
  • The adjustment to the new normal of higher interest rates is supportive for the global life insurance industry.

Abacus Life Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 13, 2023
Webcast, EBITDA, ABL, Acquisition, Asset, Policy, ROE, Income tax, Intangibles, Eastern Time Zone, GAAP, Partnership, Total, Growth, Real estate, Video game, Pharmaceutical industry, Bank, Bookkeeping, Adjustment, Abacus

ORLANDO, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today reported results for the quarter ended September 30, 2023.

Key Points: 
  • - GAAP Net Income of $0.9 Million; non-GAAP Adjusted Net Income of $9.2 Million -
    ORLANDO, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today reported results for the quarter ended September 30, 2023.
  • “Our strong third quarter results continue to validate Abacus' differentiated business model and further contributes to our solid track record of sustained growth,” said Jay Jackson, Chief Executive Officer of Abacus.
  • Total revenue for the third quarter of 2023 grew 20% to $21.1 million, compared to $17.5 million in the prior-year period.
  • GAAP net income attributable to shareholders for the third quarter of 2023 was $0.9 million, compared to $11.2 million in the prior-year period.

Black Rock Oceanfront Resort Selects Agilysys Hospitality Technology To Expertly Deliver Luxury Experiences, Elevate Guest Returns and Manage Residence Rentals and Spa Operations

Retrieved on: 
Monday, December 18, 2023
Other Travel, Lodging, Technology, Travel, Software, Housekeeping, Ucluelet First Nation, Pacific Ocean, Organization, ROE, Ucluelet, Rest, Anxiety, Freedom, PMS, Tourism, Hotel, Property management, Agilysys

The tranquility of the Pacific Ocean and its idyllic setting is one of the main reasons thousands of people stay at and return to British Columbia’s Black Rock Oceanfront Resort each year.

Key Points: 
  • The tranquility of the Pacific Ocean and its idyllic setting is one of the main reasons thousands of people stay at and return to British Columbia’s Black Rock Oceanfront Resort each year.
  • Black Rock Oceanfront Resort chose state-of-the-art hospitality solutions from Agilysys to help them create these personalized hospitality moments.
  • “We were looking for a partner to help us rise above the rest,” said Adele Larkin, general manager, Black Rock Oceanfront Resort.
  • Situated on the traditional lands of the Ucluelet First Nation, Black Rock Oceanfront Resort is actively striving to become a zero-waste hotel.