Lincoln National to boost capital, sell U.K. unit (at MarketWatch)
Lincoln National Corp. says it plans to raise more than $2 billion in capital by selling stock and debt, and will also mend its balance sheet by tapping government bailout funds. us.rd.yahoo.com |
First Acceptance Corporation Reports Operating Results for the Quarter and Fiscal Year Ended June 30, 2009 (Business Wire)
NASHVILLE, Tenn.----First Acceptance Corporation today reported its financial results for the quarter and fiscal year ended June 30, 2009. Three Months Ended June 30, Year Ended June 30, Summary Financial Results 2009 2008 2009 2008 Reported Revenues $ 61,699 $ 78,915 $ 265,465 $ 332,399 Loss before income taxes $ $ $ $ Net loss $ $ $ $ Net loss per diluted share $ $ $ $ Number of shares used to calculate net loss per diluted share 47,673 47,640 47,664 47,628 Adjusted* Revenues $ 61,699 $ 78,915 $ 265,465 $ 332,399 Income before income taxes $ 11,730 $ $ 18,086 $ Net income $ 6,608 $ $ 9,840 $ Net income per diluted share $ 0.14 $ $ 0.20 $ Number of shares used to calculate net income per diluted share 48,643 47,640 48,948 47,628 * Adjusted results for the three months and year ended June 30, 2009 exclude a goodwill impairment charge of $67,990 and deferred tax charges of $10,150. us.rd.yahoo.com |
A.M. Best Affirms Ratings of Delphi Financial Group, Inc. and Its Life Subsidiaries; Maintains Negative Outlook (Business Wire)
OLDWICK, N.J.----A.M. Best Co. has affirmed the issuer credit rating of “bbb” of Delphi Financial Group, Inc. [NYSE:DFG]. A.M. Best also has affirmed the financial strength rating of A and ICRs of “a” of Delphi Financial’s primary life insurance subsidiaries, Reliance Standard Life Insurance Company and First Reliance Standard Life Insurance Company . us.rd.yahoo.com |
Genworth Life Insurance Company Launches Total Living Coverage(R) Annuity (PR Newswire)
Genworth Financial, Inc., announced today a new product addition to help consumers move toward financial security and independence. Total Living Coverage® Annuity is a linked-benefit product that links the safety and tax-deferred growth of a single premium non-qualified deferred annuity with a long term care insurance rider to provide LTC benefits. us.rd.yahoo.com |
With a Looming Shortage of Financial Advisors, Succession Planning Is a High Priority for Industry (PR Newswire)
A recent study reveals that nearly half of today's financial advisors plan to leave the industry in the next few years*. At the same time, fewer young professionals are entering the profession each year. us.rd.yahoo.com |