From:
LKQ Corporation
Q4 2008 Earnings Call Transcript
February 26, 2009 10:30 am ET
http://seekingalpha.com/article/123046-lkq-corporation-q4-2008-earnings-call-transcript
“AllState indicated their claims were down 7% in the fourth quarter over prior year and down 6.5% for the entire year. “
CHICAGO, Feb. 27 (UPI) — State Farm Insurance Cos. last year had a $9.2 billion reduction in its stock value, the company said Friday.
Crain’s Chicago Business reported that the Bloomington, Ill., company’s net worth was $53.3 billion at year-end, down $10.4 billion from 2007.
The newspaper said State Farm, the nation’s largest insurer of cars and [...]
By James P. Miller | Tribune staff reporter
2:09 PM CST, February 27, 2009
State Farm Insurance Cos., hurt by what the Bloomington insurance giant characterized as “extraordinary levels” of losses from hurricanes and other catastrophes, turned in a $542 million net loss for 2008 on Friday — a performance in dismal contrast to the record $5.46 [...]
NEW YORK, Feb 24 (Reuters) - Allstate Corp (ALL.N: Quote, Profile, Research) said on Tuesday it cut its common stock dividend 51 percent, ending 14 straight years of increases, after investment losses caused a $1.13 billion fourth-quarter loss for the nation’s largest publicly-traded home and auto insurer.
The Northbrook, Illinois-based company lowered its quarterly payout to [...]
By John Letzing, MarketWatch
Last update: 7:22 p.m. EST Feb. 26, 2009
SAN FRANCISCO (MarketWatch) — Standard & Poor’s Ratings Services said late Thursday it has lowered its ratings on several U.S. life insurers and life insurance holding companies, citing the groups’ stressed assets and the “effects of severe equity market declines.”
S&P said it lowered its [...]
NEW YORK - By Jonathan Stempel
Warren Buffett has some explaining to do.
Berkshire Hathaway Inc , his insurance and investment company, is in the midst of one of its worst stretches since Buffett took over the company in 1965.
Berkshire’s shares have lost close to half their value since December 2007. Investment losses have piled up [...]
MetLife’s life insurance unit to pay out a total of $1.6 billion in policy dividend payments
Wednesday February 25, 2009, 10:33 am EST
NEW YORK (AP) — MetLife Inc. said Wednesday its life insurance subsidiary will pay out a total of $1.6 billion in policy dividend payments for 2009.
The payments will go to eligible life insurance [...]
Fitch revises MetLife outlook to negative on liquidity, capital concerns
Wednesday February 11, 2009, 2:33 pm EST
CHICAGO (AP) — Fitch Ratings revised its outlook rating for MetLife Inc. to “Negative” from “Stable” on Wednesday, on concerns that the company’s capital levels, earnings performance and liquidity position will continue to be pressured in 2009.
“Investment losses and increased [...]
February 25, 2009, 1:28 pm
Posted by Tiernan Ray
What’s up with AIG (AIG)? The stock today is up 5 cents, or 12%, at 46 cents. The company is expected to report its December-ending Q4 results Monday, although that’s not certain: the company said the other day that it will report “in the near future,” so [...]
HARTFORD, Conn., February 20, 2009 - The Hartford Financial Services Group, Inc. (NYSE: HIG), today issued the following statement. It is not the company’s policy to generally comment on fluctuations in its share price.
“We are operating in a time of unprecedented market volatility and our share price is not immune to these significant market fluctuations,” [...]