Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Ohio National closes 2020 with increased capital; total adjusted capital climbs to record $1.2 .
Ohio National Financial ServicesFebruary 8, 2021 GMT
CINCINNATI, Feb. 08, 2021 (GLOBE NEWSWIRE) Ohio National Financial Services, Inc. today announced a 5.9% increase in statutory total adjusted capital and an 8.4% increase in GAAP equity (including accumulated other comprehensive income, or AOCI) reaching $1.2 billion and $2.8 billion, respectively, while assets under management grew by 1.8%, on an enterprise basis.
During this unprecedented and challenging year, marked by a global pandemic, economic downturn, market volatility and continued low interest rates, Ohio National continued to serve policyholders by paying more than $1.4 billion in benefits1 and continuing to pay dividends to eligible policyholders for the 97th consecutive year2.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Property & Casualty Insurers Report 27.5% Drop in Net Income During First Nine Months of 2020
Verisk Analytics, Inc.February 8, 2021 GMT
JERSEY CITY, N.J., Feb. 08, 2021 (GLOBE NEWSWIRE) In the first nine months of 2020, the private U.S. property and casualty (P&C) insurance industry dealt with the effects of the COVID-19 pandemic as well an historic catastrophe season, according to a report from Verisk (Nasdaq:VRSK), a leading global data analytics provider, and the American Property Casualty Insurance Association (APCIA).
The industry’s net income after taxes dropped 27.5 percent to $35.1 billion in the first nine months of 2020 and net underwriting gains declined to $0.3 billion, from $5.4 billion a year earlier. The deterioration in underwriting results was due, in part, to a major increase in the losses and loss adjustment expenses from catastrophes, which more than doubled to
Selective’s College Competition Appoints Students To Run Virtual Insurance Agencies February 5, 2021
Selective’s College Competition kicks off this week across eight colleges throughout the country and will run through February.
The annual contest provides the opportunity for teams of students to gain insurance career-building experience and networking opportunities with the guidance and mentorship of industry experts from Selective and independent insurance agencies.
Selective’s College Competition lets each team operate a simulated insurance agency and experience many of the associated responsibilities and obstacles. The competition requires the students to leverage their education and experiences to make informed business decisions about building market share, developing products and services, growing profit, promoting their firm and contending with competitors.
Strategic Points Covered in Table of Content of Global Individual Insurance Market: Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the
Individual Insurance market Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the
Individual Insurance Chapter 4: Presenting the Individual Insurance Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis. Chapter 5: Displaying market size by Type, End User and Region 2015-2020 Chapter 6: Evaluating the leading manufacturers of the
Individual Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).