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Personal lines insurer $ALL reported 4Q15 net income of $460MM or $1.18 per diluted share, down 42.1% versus $795MM or $1.86 per diluted share in 4Q14, hurt by lower revenue and higher expenses. Revenue fell 0.8% to $8.69Bil, hurt by an 8.9% decline in net investment income and net realized capital losses of $250MM.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.