$UIHC (United Insurance Holdings Corp.)

$UIHC {{ '2016-08-18T15:38:05+0000' | timeago}} • Announcement

$UIHC said it entered into Merger Agreement with RDX Holding, parent of American Coastal Insurance (ACIC) to combine companies in all-stock merger meant to qualify as tax-free reorganization. RDX members will receive $UIHC common stock based on exchange ratio providing for RDX members to own 49% of outstanding $UIHC common stock as of signing.

$PNC {{ '2018-01-16T16:08:24+0000' | timeago}} • Infographic

$PNC PNC Financial Services Group Earnings AlphaGraphic: Q1 2018 highlights

$C {{ '2018-01-16T15:34:40+0000' | timeago}} • Announcement

In 4Q17, $C's fixed-income trading revenues were $2.4Bil, down 18%, reflecting continued low volatility. Equity trading revenues also declined 23% during the quarter to $530MM.

$C {{ '2018-01-16T15:30:59+0000' | timeago}} • Announcement

$C CEO Michael Corbat said, "Tax reform does not change our capital return goals as we remain committed to returning at least $60Bil of capital in the current and next two CCAR cycles. Tax reform not only leads to higher net income and increased returns, but also serves to strengthen our capital generation capabilities going forward."

$C {{ '2018-01-16T15:27:58+0000' | timeago}} • Announcement

For the first time since 2009, $C posted a loss of $18.3Bil in 4Q17, weighed down by a charge of approx $22Bil related to Republican tax reforms. On a per share basis, the loss was $7.15. However, the banking giant managed to please investors by reporting double-digit growth in adjusted EPS to $1.28. Revenue for the quarter edged up 1% to $17.3Bil.

$C {{ '2018-01-16T14:54:13+0000' | timeago}} • Infographic

$C Citigroup Earnings AlphaGraphic: Q4 2017 Highlights

$XL {{ '2018-01-16T13:57:27+0000' | timeago}} • Announcement

$XL appointed Leila Madeiros, SVP, Deputy Director and Corporate Secretary of the Association of Bermuda Insurers and Reinsurers, as Head of Compliance & Regulatory Affairs, Bermuda. Madeiros will report to Sean McGovern, $XL's Chief Compliance Officer & Head of Government & Regulatory Affairs and will be a member of his leadership team.

$PNC {{ '2018-01-12T19:07:50+0000' | timeago}} • Webcast

After adjusting FY17 results, $PNC expects FY18 revenue to be up by mid-single digits, noninterest expense to be up by low single digits and effective tax rate to be about 17%.

$BLK {{ '2018-01-12T14:23:06+0000' | timeago}} • Infographic

$BLK BlackRock Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$JPM {{ '2018-01-12T12:50:53+0000' | timeago}} • Announcement

$JPM in 4Q17 saw net interest income rise 1% to $13.4Bil due to rising rates and loan-deposit growth. Noninterest revenue was down 1% to $12.1Bil, driven by lower Markets revenue.

$JPM {{ '2018-01-12T12:49:14+0000' | timeago}} • Announcement

In 4Q17, $JPM's net income slid 37% to $4.2Bil driven by a $2.4Bil impact as a result of the enactment of tax reforms in the quarter.  excluding the impact of the TCJA, net income would have been $6.7Bil, down 1%. Net revenue was $25.5Bil, up 5%.

$PNC {{ '2018-01-12T12:24:43+0000' | timeago}} • Announcement

Excluding the impact of tax legislation, net interest income just rose 1% to $2.3Bil in 4Q17 for $PNC, due to higher loan balances and higher loan and securities yields partially offset by higher deposit and borrowing costs. Net interest margin was 2.88%. Noninterest income rose 8% to $1.9Bil.

$PNC {{ '2018-01-12T12:18:50+0000' | timeago}} • Announcement

With total revenue inching 3% up to $4.3Bil in 4Q17 and a tax reform impact of $911MM to net income, $PNC saw net income double to $2.09Bil or $4.18 per diluted share in the quarter from $1.05Bil or $1.97 per share a year ago.

$RGA {{ '2018-01-11T15:21:05+0000' | timeago}} • Announcement

$RGA and $RNR launched Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks. Langhorne Re will combine a long-term capital base with underwriting and third-party capital management support from $RGA and $RNR to purchase large in-force life and annuity blocks, allowing clients to optimize their capital management.

$PNC {{ '2018-01-11T13:43:47+0000' | timeago}} • Announcement

Financial services company $PNC said it has redeemed all of the outstanding senior notes due February 23, 2018, issued by PNC Bank National Association in the amount of $1,000Bil. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date of January 24, 2018.

$XL {{ '2018-01-11T13:34:39+0000' | timeago}} • Announcement

$XL said that due to the recent wildfires in Southern California it is estimating natural catastrophe net losses of about $45MM and about $20MM related to other events. The estimated losses are evenly split between $XL's Insurance & Reinsurance segments. $XL also reaffirmed its previously disclosed aggregate net losses related to 3Q17 catastrophes.

$CB {{ '2018-01-10T17:13:16+0000' | timeago}} • Announcement

$CB appointed Veronique Brionne to the newly-created role of SVP, Accident & Health (A&H), Continental Europe effective immediately. Additionally, Andrew Nisbet was appointed SVP, A&H UK&I. Nisbet will have overall responsibility for A&H in the UK&I and also for growing the business in Eurasia and Africa.

$XL {{ '2018-01-09T14:10:18+0000' | timeago}} • Announcement

XL Catlin, a unit of insurance firm $XL, has appointed Simon Price as Head of Mergers and Acquisitions, Insurance, EMEA. Price had been working for Marsh's Private Equity and M&A practice, with the most recent role being Head of the company's UK Transaction Risk Team. Earlier, he was engaged in private legal practice in London for 10 years.

$BAC {{ '2018-01-08T20:37:25+0000' | timeago}} • Announcement

$BAC announced that Joe Gianni will succeed Kevin Cunningham as Market President, serving as the company’s enterprise leader in Hartford. Cunningham will focus full-time on his new responsibilities as the Global Commercial Bank Credit executive for Specialized Industries and Canada.

$WRB {{ '2018-01-05T19:42:17+0000' | timeago}} • Announcement

$WRB announced the appointment of David R. Lockhart as President of Gemini Transportation Underwriters, a Berkley Company. Mr. Lockhart succeeds Rocco P. Modafferi, who has been named Chairman of Gemini. The appointments are effective immediately.

$XL {{ '2018-01-05T11:49:49+0000' | timeago}} • Announcement

XL Catlin, a unit of $XL, has appointed Todd Wilhelm as Regional Product Leader of Energy, Property and Construction for Asia Pacific. Most recently, Wilhelm served QBE Insurance as Chief Underwriting Operations Officer. Earlier, he had worked at ACE Insurance and FM Global.

Recent Transcripts

PNC (The PNC Financial Services Group, Inc.)
Friday, January 12 2018 - 2:30pm
BLK (BlackRock, Inc.)
Friday, January 12 2018 - 1:30pm
JPM (JPMorgan Chase & Co.)
Friday, January 12 2018 - 1:30pm
TPRE (Third Point Reinsurance Ltd.)
Thursday, November 9 2017 - 1:30pm
EMCI (EMC Insurance Group Inc.)
Wednesday, November 8 2017 - 5:00pm
BWIN.B (Baldwin & Lyons Inc.)
Wednesday, November 8 2017 - 4:00pm
UIHC (United Insurance Holdings Corp.)
Tuesday, November 7 2017 - 2:00pm
AIG (American International Group, Inc.)
Friday, November 3 2017 - 12:00pm
ARCC (Ares Capital Corporation)
Thursday, November 2 2017 - 4:00pm
RNR (RenaissanceRe Holdings Ltd.)
Wednesday, November 1 2017 - 2:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
CINF (Cincinnati Financial Corp.)
Friday, October 27 2017 - 3:00pm
VR (Validus Holdings, Ltd.)
Friday, October 27 2017 - 2:00pm
CB (Chubb Limited)
Friday, October 27 2017 - 12:30pm
AMSF (Amerisafe, Inc.)
Thursday, October 26 2017 - 2:30pm
XL (XL Group plc)
Tuesday, October 24 2017 - 10:00pm
WRB (W.R. Berkley Corporation)
Tuesday, October 24 2017 - 9:00pm
RLI (RLI Corp.)
Thursday, October 19 2017 - 3:00pm
TRV (The Travelers Companies, Inc.)
Thursday, October 19 2017 - 1:00pm
CMA (Comerica Incorporated)
Tuesday, October 17 2017 - 12:00pm

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