LPT | Jotup

Conifer Holdings Reports 2023 First Quarter Financial Results

Retrieved on:

Wednesday, May 10, 2023

Transfer, Webcast, LPT, Investment, Cryptocurrency, Life insurance

This resulted in a loss ratio of 62.2% for the first quarter of 2023, down from 75.0% for the same period in 2022.

Key Points:

This resulted in a loss ratio of 62.2% for the first quarter of 2023, down from 75.0% for the same period in 2022.
Net investment income was $1.3 million during the quarter ended March 31, 2023, compared to $507,000 in the prior year period.
Shareholders’ equity per share increased to $1.82 for the first quarter of 2023; up 17% from $1.55 at 2022 year end.
ET to discuss results for the first quarter ended March 31, 2023.

Skyward Specialty Insurance Group Reports First Quarter 2023 Results

Retrieved on:

Tuesday, May 9, 2023

Transfer, Insurance, IPO, Partnership, Policy, LPT, GAAP, Interest, PIN, Nature, Security (finance), Bank

Net investment income for the first quarter 2023 decreased $10.5 million when compared to the same 2022 period.

Key Points:

Net investment income for the first quarter 2023 decreased $10.5 million when compared to the same 2022 period.
Increased income from core fixed income and short-term and money market investments was offset by losses in opportunistic fixed income.
Stockholders’ equity was $507.1 million at March 31, 2023 which represents an increase of 20.3% when compared to stockholders’ equity of $421.7 million at December 31, 2022.
At 10 a.m. central time tomorrow, May 10, 2023, Skyward Specialty management will hold a conference call to discuss quarterly results with insurance industry analysts.

AM Best Downgrades Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries; Maintains Under Review With Negative Implications Status

Retrieved on:

Friday, May 5, 2023

Professional Services, Insurance, Finance, Good, AM Best, Auto-B-Good, ALL, LPT, Risk management, Long-Term Capital Management, Average revenue per user, GAAP, Credit, FSR, HALL, AM, News, Security (finance)

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bbb-” (Good) and associated Long-Term Issue Ratings (Long-Term IRs) of Hallmark Financial Services, Inc. (Hallmark Financial) [NASDAQ: HALL].

Key Points:

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bbb-” (Good) and associated Long-Term Issue Ratings (Long-Term IRs) of Hallmark Financial Services, Inc. (Hallmark Financial) [NASDAQ: HALL].
In addition, AM Best has maintained the under review with negative implications status of all Credit Ratings (ratings).
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

SiriusPoint Reports 80.5% Combined Ratio for its Core Operations at Q1 2023 with Net Income Up $358m Year On Year

Retrieved on:

Wednesday, May 3, 2023

(1) Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.

Key Points:

(1) Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.
Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures.
Income for the three months ended March 31, 2023 consists of underwriting income of $107.4 million (80.5% combined ratio) and net services income of $12.8 million, compared to underwriting income of $12.7 million (97.5% combined ratio) and net services income of $14.0 million for the three months ended March 31, 2022.
Core underwriting income, Core net services income, Core income, and Core combined ratio are non-GAAP financial measures.

Employers Holdings, Inc. Reports First Quarter 2023 Results and Increases Regular Quarterly Dividend to $0.28 per Share

Retrieved on:

Thursday, April 27, 2023

Cerity's gross and net written premiums this quarter were negatively impacted by cancellation adjustments, which had no impact on its earned premium.

Key Points:

Cerity's gross and net written premiums this quarter were negatively impacted by cancellation adjustments, which had no impact on its earned premium.
“Lastly, we raised our regular quarterly dividend to $0.28 per share, an increase of 8%.
The Employers segment reported net income before income taxes of $30.1 million versus net income of $2.0 million.
On April 26, 2023, the Board of Directors declared a regular quarterly dividend of $0.28 per share, an increase of 8% from the prior quarterly dividend of $0.26 per share.

Innocan Pharma Reports Annual 2022 Results with USD 2.6M in Revenue

Retrieved on:

Tuesday, April 18, 2023

Financial highlights for the year ended December 31, 2022

Key Points:

Financial highlights for the year ended December 31, 2022
Revenue – Revenue for the Fiscal year of 2022 increased to approximately $2.6M from approximately $196K in 2021,
Q4 2022 revenues increased to approximately $1.135M from approximately $749K in Q3 2022, representing increases of +51% respectively.
The consistent increase in revenues over the past 12 months indicates continued growth and expansion of the Company's sales.
In 2022, the company increased its IP scope in three disciplines: LPT CBD-Liposomes Cannabinoids, Exosome-Cannabinoids Synergism, and Premium Dermal Cosmetics.
Iris Bincovich, CEO of Innocan Pharma commented: "We are incredibly proud of our progress this year.

Grayscale® Solana Trust Now Trading on OTC Markets

Retrieved on:

Monday, April 17, 2023

STAMFORD, Conn., April 17, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world’s largest digital currency asset manager, today announced that Grayscale® Solana Trust (the “Trust”) has begun trading on OTC Markets under the symbol: GSOL.

Key Points:

STAMFORD, Conn., April 17, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world’s largest digital currency asset manager, today announced that Grayscale® Solana Trust (the “Trust”) has begun trading on OTC Markets under the symbol: GSOL.
Solana (SOL) is the native token of the Solana Network, a smart contract platform first conceived in a 2017 whitepaper.
The Solana Network was designed to allow users to write and implement smart contracts which are executed on the Solana blockchain in exchange for payment of SOL.
Grayscale® Basic Attention Token Trust ( OTCQB: GBAT ), Grayscale® Bitcoin Trust ( OTCQX: GBTC ), Grayscale® Bitcoin Cash Trust ( OTCQX: BCHG ), Grayscale® Chainlink Trust ( OTCQB: GLNK ), Grayscale® Decentraland Trust ( OTCQX: MANA ), Grayscale® Ethereum Trust ( OTCQX: ETHE ), Grayscale® Ethereum Classic Trust ( OTCQX: ETCG ), Grayscale® Filecoin Trust ( OTCQB: FILG ), Grayscale® Horizen Trust ( OTCQX: HZEN ), Grayscale® Litecoin Trust ( OTCQX: LTCN ), Grayscale® Livepeer Trust ( OTCQB: GLIV ), Grayscale® Stellar Lumens Trust ( OTCQX: GXLM ), Grayscale® Zcash Trust ( OTCQX: ZCSH ), Grayscale® Digital Large Cap Fund ( OTCQX: GDLC ) and Grayscale® DeFi Fund ( OTCQB: DEFG ) are also publicly-quoted and available to all investors with access to U.S. securities.

Physical Rehabilitation Network & Medical City Healthcare Open New Outpatient Physical Therapy Clinics in Haslet and Lake Worth

Retrieved on:

Tuesday, April 11, 2023

Insurance, Partnership, Collins, Vitis, Vista, DFW, LPT, PT, Matlock, Medical City Dallas Hospital, PRN, Patient, Pain management, Sports medicine, DPT, News, Hospital, Pharmaceutical industry, Haslet

Dallas, Texas, April 11, 2023 (GLOBE NEWSWIRE) -- Physical Rehabilitation Network (PRN) , a leading US-based, owner-operator of over 200 physical therapy clinics, today announced the grand opening of two outpatient physical therapy clinics in Haslet and Lake Worth .

Key Points:

Dallas, Texas, April 11, 2023 (GLOBE NEWSWIRE) -- Physical Rehabilitation Network (PRN) , a leading US-based, owner-operator of over 200 physical therapy clinics, today announced the grand opening of two outpatient physical therapy clinics in Haslet and Lake Worth .
The openings also represent the first two clinics to open in PRN’s recently formed joint venture partnership with Medical City Healthcare , one of the largest healthcare providers in North Texas.
Both clinics will operate under PRN’s fastest-growing and locally trusted network brand, Vista Physical Therapy.
“We are incredibly excited to expand our leading physical care programs in the Haslet and Lake Worth communities,” said Ajay Gupta, CEO, PRN .

AMGTA Releases First Commissioned Research Paper

Retrieved on:

Tuesday, April 11, 2023

Using three separate methodologies, the LCA was inconclusive as to which manufacturing method (traditional or additive) used more energy.

Key Points:

Using three separate methodologies, the LCA was inconclusive as to which manufacturing method (traditional or additive) used more energy.
“The release of this peer-reviewed LCA—the first of its kind—represents a milestone for the AMGTA,” said Sherri Monroe, the AMGTA’s Executive Director.
It was selected by the AMGTA because it was a relatively simple part that is easy to access and locate.
Additional information on the LCA can be found on the AMGTA website, www.amgta.org .

SiriusPoint and Compre Announce Second Significant Reinsurance Loss Portfolio Transfer

Retrieved on:

Thursday, March 2, 2023

Transfer, NYSE, Insurance, Policy, LPT, Mayer Brown, Martha Plimpton, AJ, Growth, EY, Compre Bem, Financial services, Reinsurance

HAMILTON, Bermuda, March 02, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT) global underwriter, and Compre, the Bermuda headquartered international legacy group, today announce that they have signed an agreement for a ground-up Loss Portfolio Transfer (“LPT”) on a diversified portfolio of primarily reinsurance business.

Key Points:

HAMILTON, Bermuda, March 02, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT) global underwriter, and Compre, the Bermuda headquartered international legacy group, today announce that they have signed an agreement for a ground-up Loss Portfolio Transfer (“LPT”) on a diversified portfolio of primarily reinsurance business.
The LPT covers approximately $1.3bn of reserves, underwritten by SiriusPoint’s international reinsurance business headquartered in Sweden, and its Lloyd’s Syndicate 1945.
The portfolio comprises several classes of business from 2021 and prior underwriting years, with SiriusPoint retaining claims handling authority on ongoing business.
The announcement follows a comprehensive re-underwriting of SiriusPoint’s reinsurance portfolio, and the restructuring of the Company’s underwriting platform.