Insurer American International Group on Thursday raised its dividend and announced more share buybacks as its fourth-quarter earnings beat expectations, swinging to a profit compared with a year-earlier loss. The company also said it expects to reduce its global workforce …
Allstate Corp. aims to grow its share of the U.S. home and auto insurance markets without the need for “abnormally large” rate increases, its CEO said, after the company’s profit more than doubled in the fourth quarter. Shares of Allstate, …
American International Group Inc. announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell. The insurer, which was almost wiped out by its derivative bets in …
Travelers Cos.. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing. The company’s shares fell 4 percent by midday and shares …
Allstate Corp.’s quarterly profit fell 45 percent on losses from superstorm Sandy, but the home and auto insurer said it has paid out about 95 percent of Sandy claims and is seeing rate increases across businesses. The largest publicly traded …
Travelers Cos. Inc.’s quarterly profit handily beat Wall Street expectations as it charged more for insurance coverage while holding on to its customers, sending its shares up as much as 5 percent to an all-time high. Travelers, a Dow Jones …
Aon Plc’s quarterly profit beat analysts’ estimates as investments aimed at increasing margins at its human resources services unit helped boost profit, and the company said it planned a series of small acquisitions. Aon, the world’s largest insurance broker had …
