ROE

CSB Bancorp, Inc. Reports Third Quarter Earnings

Retrieved on: 
Tuesday, October 24, 2023
Banking, Other Professional Services, Professional Services, Finance, ROA, Sale, FDIC, AFS, OTC Markets Group, HTM, Federal Reserve, Acquisition, ASU, Federal Reserve Bank of St. Louis, Software, Federal Reserve Bank, Federal, FTE, Trust, Environment, Disaster, Unemployment, CSB, Marketing, Life insurance, Cryptocurrency, Bank, Video game, ROE

Loan interest income including fees increased $2.5 million, or 37%, during third quarter 2023 as compared to the same quarter in 2022.

Key Points: 
  • Loan interest income including fees increased $2.5 million, or 37%, during third quarter 2023 as compared to the same quarter in 2022.
  • Securities interest income increased $122 thousand, or 6%, during the third quarter 2023 compared to the same quarter 2022 from rate increases.
  • Interest expense rose $2.3 million, or 383%, during third quarter 2023 as compared to third quarter 2022.
  • Federal income tax expense was $850 thousand in the 2023 third quarter compared to $890 thousand in the 2022 third quarter.

Renewable Diesel Market Expected to Produce 3.70 Billion Gallons by 2023, with a Staggering 19.12% CAGR - ResearchAndMarkets.com

Retrieved on: 
Monday, October 23, 2023
Alternative Energy, Energy, Other Energy, Oil, Gas, Production, Temperature, Quality control, Corn oil, Government, Recreation, UCO, Carbon, ROE, HVO, Growth, Transport, COVID-19, Vehicle registration plates of Nepal, GHG, Four Home Unions v Rest of Europe, Renewable energy, Hydrotreated vegetable oil, Compound annual growth rate, Natural gas, Propane, Gasoline

The global renewable diesel market is on the cusp of a major transformation, poised to redefine the transportation fuel landscape.

Key Points: 
  • The global renewable diesel market is on the cusp of a major transformation, poised to redefine the transportation fuel landscape.
  • According to the report, the global renewable diesel market is expected to produce a staggering 3.70 billion gallons annually by 2023, demonstrating an impressive Compound Annual Growth Rate (CAGR) of 19.12% during the forecast period.
  • Simultaneously, global consumption is forecasted to reach 3.69 billion gallons by 2023, with a CAGR of 16.90% in the projected years.
  • The global renewable diesel market is characterized by key players who are driving innovation and growth.

Kemper Announces Schedule for Third Quarter 2023 Earnings Release and Preliminary Results

Retrieved on: 
Monday, October 23, 2023
Professional Services, Insurance, Finance, Property damage, PPA, Incidence, PD, 2012 Six-red World Championship, Telephone, Reverse convertible securities, GAAP, ROE, Kemper, Goodwill, Life, Software, Nature, Net, Personal injury protection, Internet, Webcast, Bermuda, PIP, Injury, Parent, Integration, Investment, LAE, Life insurance, Bank, Renting, Security (finance)

Significant earned rate benefits accelerating in the fourth quarter of 2023 and first quarter of 2024.

Key Points: 
  • Significant earned rate benefits accelerating in the fourth quarter of 2023 and first quarter of 2024.
  • Segment was moved to non-core operations in the third quarter after announcing wind-down of the business in August 2023.
  • 2 Pre-tax catastrophe lossesfor third quarter 2023 were approximately $21 million, including $14 million from Kemper Personal Insurance reported within non-core operations.
  • Kemper will host its conference call to discuss third quarter 2023 results on Monday, October 30 at 5:00 pm Eastern (4:00 pm Central).

AM Best Affirms Credit Ratings of Alliance Insurance (PSC)

Retrieved on: 
Friday, October 20, 2023
Insurance, Professional Services, AM Best, Life, Credit, United Arab Emirates, News, ROE, AM, PSC, Environment, Risk management, ALL

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Alliance Insurance (PSC) (Alliance) (United Arab Emirates).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Alliance Insurance (PSC) (Alliance) (United Arab Emirates).
  • 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.

AM Best Revises Outlooks to Stable for Arabia Insurance Company s.a.l.

Retrieved on: 
Friday, October 20, 2023
Professional Services, Insurance, Finance, Good, AM Best, Credit, News, ROE, AM, Risk management, ERM, Risk, Investment, ALL, AIC

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Arabia Insurance Company s.a.l.

Key Points: 
  • AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Arabia Insurance Company s.a.l.
  • The revision also considers the reduction in AIC’s debt levels in recent periods, with further repayments expected over the near-term.
  • In addition, AM Best expects future earnings to continue benefitting from actions taken by management to rationalise the underwriting portfolio.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Revises Outlooks to Stable for Milli Reasurans Turk Anonim Sirketi

Retrieved on: 
Wednesday, October 18, 2023
Insurance, Professional Services, AM Best, Credit, News, ROE, AM, Milli-, Environment, Depreciation, ALL, Risk management, Financial services

Milli Re has substantial exposure to Türkiye, where it is headquartered and where the majority of its business and assets are located.

Key Points: 
  • Milli Re has substantial exposure to Türkiye, where it is headquartered and where the majority of its business and assets are located.
  • The revised outlooks reflect AM Best’s expectation that Milli Re’s rating fundamentals will remain resilient against the backdrop of the challenging economic and political conditions that persist in Türkiye.
  • The balance sheet strength assessment also considers Milli Re’s unconsolidated BCAR scores, which deteriorated in 2021 and 2022.
  • Milli Re’s solvency—both consolidated and unconsolidated—is substantially impacted by its shareholding in a much larger insurance subsidiary, Anadolu Anonim Turk Sigorta Sirketi (Anadolu).

Sustainability in Transportation: Renewable Diesel's Role in Meeting Surging Energy Demand

Retrieved on: 
Wednesday, October 18, 2023
Production, Temperature, Quality control, Corn oil, Government, Recreation, UCO, Carbon, ROE, HVO, Growth, Transport, COVID-19, Vehicle registration plates of Nepal, GHG, Four Home Unions v Rest of Europe, Renewable energy, Hydrotreated vegetable oil, Compound annual growth rate, Natural gas, Oil, Propane, Gasoline

The global renewable diesel market is on the cusp of a major transformation, poised to redefine the transportation fuel landscape.

Key Points: 
  • The global renewable diesel market is on the cusp of a major transformation, poised to redefine the transportation fuel landscape.
  • In-depth analysis is conducted across various segments:
    Europe, North America, and Asia Pacific take center stage in renewable diesel production.
  • Asia-Pacific's ongoing decarbonization initiatives are expected to play a pivotal role in driving renewable diesel adoption.
  • Europe's commitment to utilizing at least 14% renewable energy in road and rail transport by 2030 aligns with the Renewable Energy Directive-II (RED-II) goals.

Zeta's Next-Gen Card Processing Capabilities Recognized by Celent

Retrieved on: 
Tuesday, October 17, 2023
Banking, Software, Mobile, Wireless, Networks, Professional Services, Internet, Fintech, Payments, Apps, Applications, Technology, Finance, Other Technology, Consulting, Cloud, ROE, Growth, Payment, Research, Payment card, Video game, Security (finance), Gerald Celente, Tachyon

The report acknowledges Zeta for its innovative and differentiated processing capabilities, positioning the company as a key player in the rapidly evolving next-gen card processing landscape.

Key Points: 
  • The report acknowledges Zeta for its innovative and differentiated processing capabilities, positioning the company as a key player in the rapidly evolving next-gen card processing landscape.
  • Celent, a globally respected research and advisory firm, evaluated a number of modern processing platforms operating in the US.
  • As card issuers look for modern technology to replace their decades-old processing platforms, the report is an important look at what the Next-Gen Processing platforms include and enable.
  • Zeta fields a team of 1,700+ talented builders redefining the future of next-gen card processing every single day.

Unity Bancorp Reports Quarterly Earnings of $9.9 Million

Retrieved on: 
Friday, October 13, 2023
COVID-19, ROE, Risk management, Communication, Small business, ROA, Clinton, Annual report, Warren County, Ohio, Bank, Sale, Unity Bank of Canada, Cryptocurrency, Textile, News

For the nine months ended September 30, 2023, Unity reported net income of $29.9 million or $2.88 per diluted share, compared to net income of $28.5 million or $2.67 per diluted share for the nine months ended September 30, 2022.

Key Points: 
  • For the nine months ended September 30, 2023, Unity reported net income of $29.9 million or $2.88 per diluted share, compared to net income of $28.5 million or $2.67 per diluted share for the nine months ended September 30, 2022.
  • This represents a 5.0% increase in net income and a 7.9% increase in net income per diluted share.
  • For the quarter, we achieved $9.9 million of net income, or $0.97 per diluted share.
  • Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $1.9 billion in deposits.

China Lighting Fixtures Market Report 2023: Data and Trends 2017-2022 & Forecasts 2023-2025 Featuring 200+ Lighting Fixture Manufacturers - ResearchAndMarkets.com

Retrieved on: 
Monday, October 9, 2023
Technology, Department Stores, Interior Design, Home Goods, Architecture, Other Retail, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Other Manufacturing, Construction & Property, Specialty, IOT (Internet of Things), Manufacturing, Retail, Internet, Consumer Electronics, Region, ROE, Employment, Lighting, EBITDA, USD, Country, EBIT, LED, ROA, Oil lamp, RMB, Asset, Connected, Electric light

The Lighting Fixtures market in China offers an accurate and in-deep analysis of the lighting fixtures industry in China, providing data and trends for the period 2017-2022 and forecasts up to 2025.

Key Points: 
  • The Lighting Fixtures market in China offers an accurate and in-deep analysis of the lighting fixtures industry in China, providing data and trends for the period 2017-2022 and forecasts up to 2025.
  • Lighting fixture exports and imports are considered, broken down by country and by geographical area of destination/origin (total lighting, only lighting fixtures, only lighting components).
  • Total lighting market by technology: lighting fixtures and lamps (LED lamps and conventional lamps); Lighting fixtures production, consumption and international trade: total and by market segment (Indoor/Outdoor Lighting, Consumer/Professional Lighting).
  • Lighting fixtures reference prices in China, by product
    Lighting sales data and market shares for a sample of leading Chinese and international companies: Total lighting, lighting fixtures and lamps.