As health-care costs skyrocket, the ranks of uninsured Americans are growing at their fastest rate ever. A new report from the Center on Budget and Policy Priorities finds that 50.7 million people, or 16.7% of the population, h…
Both Allstate and Prudential, the two largest publicly traded insurers, have announced plans to return cash to shareholders.
Continue reading Allstate, Prudential Return Cash to Shareholders Through Buybacks, D…
Dutch bank ING Groep (ING) is preparing its U.S. insurance business for an IPO.
ING agreed to separate its banking and insurance businesses by the end of 2013 so it could get European Commission approval for a government bailout, Bloomberg News said. The bank is now considering IPOs for both its European and U.S. insurance divisions.
“While the option of one IPO remains open, we are…
Continue reading ING Prepares U.S. Insurance Business for IPO
ING Prepares U.S. Insurance Business for IPO originally appeared on DailyFinance on Wed, 10 Nov 2010 06:50:00.
Filed Under: Company News, Insurance, Credit, Market News
Hospital chain HCA will issue a $2 billion dividend to private-equity owners including KKR & Co. and Bain Capital LLC.
HCA will use a $1.5 billion high-yield bond sale to help pay for the dividend, Bloomberg News reported.
A private equity consortium purchased HCA for $33 billion four years ago. In May, the company filed to sell as much as $4.6 billion worth of shares in an IPO….
Continue reading HCA to Pay $2 Billion Dividend to Private Equity Owners
HCA to Pay $2 Billion Dividend to Private Equity Owners originally appeared on DailyFinance on Tue, 09 Nov 2010 08:46:00.
Filed Under: Company News, Health Care, Earnings, Insurance
Insurance giant Aetna (AET) reported a 63% jump in earnings per share for the third quarter.
The company reported earnings per share of $1.19, up from 73 cents per share a year earlier, Aetna said in a statement.
The company attributed the jump in earnings to a higher commercial underwriting margin. Revenue dropped 3% from a year earlier to $8.46 billion.
“Aetna’s third-quarter…
Continue reading Aetna Earnings Per Share Jump 63%
Aetna Earnings Per Share Jump 63% originally appeared on DailyFinance on Wed, 03 Nov 2010 06:53:00.
Filed Under: Health Care, Earnings, Insurance