For 1Q16, $R said that it sold 4,700 used vehicles, up 9% from the prior year. CEO Robert Sanchez that pricing conditions are relatively weak, but still the rate of price declines slowed down as the quarter progressed.
In personal auto, $HIG said that the drivers of reduced acquisition cost was lower marketing activities associated with its personal auto book. So as the company continues to feel better about rate adequacy, $HIG will adjust accordingly, but the marketing expense will be a bit higher.
$HLS, a provider of post-acute healthcare services, posted 7% improvement in net operating revenues to $974.8MM in 1Q17, driven by pricing and volume growth in the inpatient rehabilitation segment and volume growth in home health and hospice segment. Net income rose to $84.4MM, or $0.70 per share, compared to $76.7MM, or $0.61 per share a year ago.
$HIG stated that in the middle market, construction had a good 1Q17 as did marine and some other verticals. Therefore, the company is grinding its way in the generalist space of middle market and the growth there has not been as robust. The momentum, however, in construction has been positive over the last couple of years.
Mindy Grossman will step down as CEO of $HSNI, in order to assume the same role at $WTW. Grossman's resignation will be effective on May 24, 2017, and she will not stand for election to the BoD at the Annual Meeting of Shareholders on the same date.
$AFL said that on the
hedged to unhedged US dollar investments in the Japanese arm, it has had a level of
unhedged US dollar portfolio for a long time. The company's
performance in Japan allows it to think more about a higher dollar amount to be
held unhedged. Additionally, on
the repatriation in Japan, $AFL repatriated
north of 30Bil yen YTD.