BVPS

Intact Financial Corporation and RSA to acquire Direct Line Insurance Group plc’s brokered Commercial Lines operations

Retrieved on: 
Wednesday, September 6, 2023
Slate, Insurance, BMO Capital Markets, LLP, Toronto Stock Exchange, Direct Line, SEC Rule 144A, Intact Financial, SME, BVPS, Economics, Sale, GWP, Pet, RSA, U.S. Newswire, Acquisition, Skadden, Arps, Slate, Meagher & Flom, Offering, Earnout, NIG, Court, TSX, Commercial, ROE, IRR, DPW, Video game, Bank, Management, Security (finance), Reinsurance, Financial services, Online shopping, Specialty, Intact

TORONTO, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Intact Financial Corporation (TSX: IFC) (Intact, IFC or the Company) and its subsidiary RSA today announced that they have reached an agreement with Direct Line Insurance Group plc (Direct Line) to acquire Direct Line’s brokered Commercial Lines operations. The purchase price includes an initial cash consideration of £520 million (C$884 million), with potential for up to a further £30 million (C$51 million) contingent payment under earnout provisions relating to the financial performance of the acquired business lines. The transaction will result in the transfer of renewal rights, brands, employees, and systems to RSA.

Key Points: 
  • Direct Line’s brokered Commercial Lines generated written premiums4 of £530 million in 2022, and delivered an average combined ratio56 of approximately 96% across 2021 and 2022.
  • The transaction has been unanimously approved by the Boards of Directors of both Intact and Direct Line, and is subject to approval by Direct Line’s shareholders (Direct Line Shareholder Approval).
  • “This acquisition significantly strengthens our UK&I business, and is strongly aligned with our strategic and financial objectives,” said Charles Brindamour, Chief Executive Officer, Intact Financial Corporation.
  • Acquisition of well-established and leading brands, including NIG and FarmWeb, given Direct Line’s 125-year history in the UK commercial insurance market.

Lincoln Financial Group Reports First Quarter 2023 Results

Retrieved on: 
Tuesday, May 9, 2023
Consulting, Professional Services, Finance, Treasury, Operation, Dietary Supplement Health and Education Act of 1994, Table, Universal Life, Variable universal life insurance, Supplement, COVID-19, AOCI, GAAP, Lincoln National Corporation, BVPS, Sale, Growing (band), Incidence, MRB, Webcast, Mortality, EPS, DAC, Life insurance, Insurance, Security (finance), Pharmaceutical industry, Video game, Cryptocurrency, ROE

Net outflows were $331 million in the quarter compared to net outflows of $525 million in the prior-year quarter.

Key Points: 
  • Net outflows were $331 million in the quarter compared to net outflows of $525 million in the prior-year quarter.
  • Group Protection reported income from operations of $71 million in the quarter compared to a loss from operations of $46 million in the prior-year quarter.
  • Group Protection sales for the quarter were $128 million, up 22% compared to the prior-year quarter.
  • Lincoln Financial Group will discuss the company’s first quarter results with investors in a conference call beginning at 10:00 a.m. Eastern Time on Wednesday, May 10, 2023.

Lincoln Financial Group Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, February 8, 2023
Banking, Professional Services, Insurance, Finance, Loss, EPS, Operation, Disability, AOCI, Life insurance, Growing (band), Table, Incidence, Lincoln National Corporation, GAAP, Webcast, Sale, DAC, BVPS, Growth, Treasury, ROE, Reinsurance, Pharmaceutical industry, Video game, Cryptocurrency

Total Life sales for the quarter were $186 million compared to $254 million in the prior-year quarter.

Key Points: 
  • Total Life sales for the quarter were $186 million compared to $254 million in the prior-year quarter.
  • Net flows were $137 million in the quarter compared to net outflows of $655 million in the prior-year quarter.
  • For other financial information, please refer to the company’s fourth quarter 2022 statistical supplement available on its website, http://www.lincolnfinancial.com/investor .
  • Lincoln Financial Group will discuss the company’s fourth quarter results with investors in a conference call beginning at 10:00 a.m. Eastern Time on Thursday, February 9, 2023.

Stack Capital Group Inc. Reports Q3-2022 Financial Results

Retrieved on: 
Thursday, November 10, 2022
Forward-looking statement, Method, Investment, International Financial Reporting Standards, BVPS, Partnership, Capital One, Book value, Bolt, Mission statement, International, Indian stock exchange, Company, TSX, Security (finance), Risk management, Income, Hopper

During Q3 2022, Stack Capital adjusted the valuation of Bolt Financial, Inc. (Bolt) to its cost basis and liquidation preference.

Key Points: 
  • During Q3 2022, Stack Capital adjusted the valuation of Bolt Financial, Inc. (Bolt) to its cost basis and liquidation preference.
  • Subsequent to the period, Hopper Inc. raised US$96 million from Capital One at an undisclosed valuation, further extending their existing partnership.
  • Stack Capital is an investment holding company and its business objective is to invest in equity, debt and/or other securities of growth-to-late-stage private businesses.
  • The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of Stack Capital based on information currently available to Stack Capital.

Lincoln Financial Group Reports Third Quarter 2022 Results and Declares Quarterly Cash Dividend

Retrieved on: 
Wednesday, November 2, 2022
Banking, Professional Services, Insurance, Finance, Growth, Lincoln National Corporation, GLB, Retirement, DAC, Acquisition, LNC, Tax, WayUp, VUL, FTSE4Good Index, Investor relations, Policy, AOCI, Income, Optimism, Corporate Equality Index, Treasury, Crown, NYSE, UL, Dow Jones, Bloomberg, Operation, Tax Cuts and Jobs Act of 2017, Edmund S. Muskie Internship Program, Earnings, ROE, Sale, Life insurance, Adoption, Table, EPS, Webcast, BVPS, Insurance, GAAP, Lincoln, Solution, Appendix, Reinsurance, Video game, Health insurance, Pharmaceutical industry, Bank, Renewable energy, Risk management, Music, Bookkeeping, Public relations, Asset management, Security (finance), Financial services, Renting, Facebook

Group Protection reported income from operations of $37 million in the quarter compared to a $(32) million loss from operations in the prior-year quarter.

Key Points: 
  • Group Protection reported income from operations of $37 million in the quarter compared to a $(32) million loss from operations in the prior-year quarter.
  • Lincoln Financial Group will discuss the companys third quarter results with investors in a conference call beginning at 10:00 a.m. Eastern Time on Thursday, November 3, 2022.
  • Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism.
  • Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates.

Lincoln Financial Group Reports Second Quarter 2022 Results

Retrieved on: 
Wednesday, August 3, 2022
Banking, Professional Services, Finance, Retirement, FTSE4Good Index, Earnings, Efficiency, Appendix, Lincoln National Corporation, UL, Sale, Bloomberg, EPS, Tax Cuts and Jobs Act of 2017, Life insurance, Optimism, Tax, NYSE, Table, GAAP, GLB, ROE, LinkedIn, Investor relations, LNC, Policy, Dow Jones, Insurance, Investment, Crown, Growth, Operation, Corporate Equality Index, Solution, Adoption, Instagram, AOCI, Income, Lincoln, Twitter, Webcast, BVPS, Acquisition, VUL, Video game, Bank, Renewable energy, Bookkeeping, Public relations, Asset management, Security (finance), Financial services, Health insurance, Renting, Facebook

For other financial information, please refer to the companys second quarter 2022 statistical supplement available on its website, http://www.lincolnfinancial.com/investor .

Key Points: 
  • For other financial information, please refer to the companys second quarter 2022 statistical supplement available on its website, http://www.lincolnfinancial.com/investor .
  • Lincoln Financial Group will discuss the companys second quarter results with investors in a conference call beginning at 10:00 a.m. Eastern Time on Thursday, August 4, 2022.
  • Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism.
  • Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates.

Stack Capital Group Inc. Reports Q2-2022 Financial Results

Retrieved on: 
Wednesday, August 3, 2022
International Financial Reporting Standards, Book value, End-user license agreement, US, TSX, Silicon, Comprehensive income, Management, Insurance, BVPS, Forward-looking statement, Sale, Method, Time, Stack, IFRS, Investment, Indian stock exchange, Company, Industry, Omio, International, Financial technology, Security (finance), SpaceX, Income, Digitas NewFront

In June 2022, Stack Capital invested an additional US$2.1 million in Prove Identity Inc. (Prove).

Key Points: 
  • In June 2022, Stack Capital invested an additional US$2.1 million in Prove Identity Inc. (Prove).
  • During Q2 2022, the Company entered into a Licensing Agreement with the Manager with an indefinite term pursuant to which the Manager has granted a non-exclusive, royalty-free license to use the name Stack, Stack Capital, and the Stack brand logo.
  • Other than under this limited license, the Company does not have a legal right to Stack, the Stack Capital name, and the Stack brand.
  • The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of Stack Capital based on information currently available to Stack Capital.

Church & Crawford Inc reports BVPS Increase for fiscal year 2022

Retrieved on: 
Monday, May 23, 2022
Income, Risk, Company, CCWF, BVPS, Review, Hopewell Presbyterian Church (Crawford, New York), Crawford, Securities Act of 1933, Securities Exchange Act of 1934, Notice, Forward-looking statement, Federal Lands Jobs and Energy Security Act, Church, GLOBE, Bookkeeping

The Company has reported for Q1 2022, generated $9,714 gross revenue since it started this amalgamation of business in the 2nd quarter 2022.

Key Points: 
  • The Company has reported for Q1 2022, generated $9,714 gross revenue since it started this amalgamation of business in the 2nd quarter 2022.
  • The Companys Financial Statement reflects a net loss of $1816.BVPS per share for March 31, 2022, was $0.54, a sharp increase over its BVPS in the same period a year ago.
  • About Church & Crawford Inc. Headquartered in Houston, Texas, Church & Crawford Corporation is a public traded company (CCWF).
  • Church & Crawford Inc shall not be liable for technical or editorial errors or omissions contained herein.

Stack Capital Group Inc. Reports Q1-2022 Financial Results

Retrieved on: 
Tuesday, May 10, 2022
Book value, Forward-looking statement, Investment, E-1, Insurance, Company, Travel, International Financial Reporting Standards, BVPS, Bolt, International, Industry, Silicon, IFRS, Method, TSX, Series, Indian stock exchange, Online shopping, Security (finance), Digitas NewFront, Hopper

In February 2022, Stack Capital announced an investment of US$6 million in Hopper Inc. (Hopper).

Key Points: 
  • In February 2022, Stack Capital announced an investment of US$6 million in Hopper Inc. (Hopper).
  • In May 2022, Stack Capital announced an investment of US$8 million in Newfront Insurance, Inc. (Newfront).
  • Stack Capital is an investment holding company and its business objective is to invest in equity, debt and/or other securities of growth-to-late-stage private businesses.
  • The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of Stack Capital based on information currently available to Stack Capital.

Lincoln Financial Group Reports First Quarter 2022 Results

Retrieved on: 
Wednesday, May 4, 2022
Banking, Professional Services, Finance, VUL, Optimism, Table, Lincoln National Corporation, Tax Cuts and Jobs Act of 2017, GAAP, Mortality, Insurance, Instagram, Twitter, ROE, Policy, NYSE, BVPS, Earnings, Corporate Equality Index, Appendix, LNC, Webcast, AOCI, Life insurance, Tax, Dow Jones, Bloomberg, Retirement, Adoption, Operation, Income, LinkedIn, Efficiency, Sale, Lincoln, EPS, Solution, GLB, Growth, Investor relations, UL, FTSE4Good Index, Acquisition, Disease, GDB, Video game, Pharmaceutical industry, Bank, Bookkeeping, Renewable energy, Public relations, Asset management, Security (finance), Financial services, Renting, Facebook

Group Protection sales increased 42% to $105 million in the quarter compared to the prior-year quarter.

Key Points: 
  • Group Protection sales increased 42% to $105 million in the quarter compared to the prior-year quarter.
  • Lincoln Financial Group will discuss the companys first quarter results with investors in a conference call beginning at 10:00 a.m. Eastern Time on Thursday, May 5, 2022.
  • Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism.
  • Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates.