Want to join the conversation?
Property and casualty insurer $CINF reported a rise in 1Q16 earnings driven by higher contribution from property casualty underwriting and rise in net realized investment gains. Net income rose to $188MM or $1.13 per share from $128MM or $0.77 per share last year. Operating EPS before catastrophe losses increased to $1.02 from $0.76.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.