Tiptree Financial I (Nasdaq:TIPT), (HRTG) - Insurance Stocks Moving In Friday s Intraday Session benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
(1) Net of cumulative Company distributions/dividends to common shareholders totaling $3.25 per share and $3.00 per share as of March 31, 2021 and December 31, 2020, respectively.
(2) Shareholders’ equity includes $4 million of series A cumulative fixed rate preferred shares.
(3) Including receivable/(payable) for securities sold/(purchased).
Selected Financial Data for the Three Months Ended March 31, 2021:
Underwriting income/(loss) – ($1.4) million in 2021 compared to $10.6 million in 2020. The decrease in underwriting income is primarily due to catastrophes, mainly from Texas winter storms, as well as an increase in the frequency and severity of property non-catastrophe losses.
Gross written premiums and net written premiums increased 5.0% and 6.2%, respectively.
Investment income – $9.8 million in 2021 compared to $10.1 million in 2020. The reduction in investment income is primarily due to a decrease in yield within the fixed maturities portfolio, a smaller inv
Insurance Stocks Moving In Friday s Intraday Session
According to Benzinga Pro following are the gainers and losers in Insurance industry for today s Intraday session. Gainers Aon (NYSE:AON) stock increased by 5.81% to $253.19 during Friday s regular session. As of 12:40
According to Benzinga Pro following are the gainers and losers in Insurance industry for today s Intraday session.
Gainers
Aon (NYSE:AON) stock increased by 5.81% to $253.19 during Friday s regular session. As of 12:40 EST, Aon s stock is trading at a volume of 1.8 million, which is 110.47% of its average full-day volume over the last 100 days. The company s market cap stands at $57.2 billion. The company s, Q1 earnings came out today.
Berkshire Hathaway is one of the most well-known investing stories of the last 50 years. Through the great leadership of Warren Buffett and Charlie Munger, a portfolio of cash-generating businesses, and a long-term time horizon, Berkshire Hathaway has returned over 2,000,000% to shareholders since 1964, an astounding record that has trounced the market over the same period.
One company that is trying to emulate the Berkshire model is
Boston Omaha (NASDAQ:BOMN). Born out of a real estate company in 2015, this conglomerate is managed by Adam Peterson and Alex Rozek and has the wide-arching goal to grow intrinsic value per share at an attractive rate, while seeking to maintain a strong financial position.