Insurer's earnings up 55% in 3d quarter
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Allmerica Financial Corp.'s third-quarter earnings rose 55 percent, and the property and casualty operations reported ''solid&quot; pretax segment earnings for the period despite being hurt by catastrophe losses primarily related to hurricanes in the Southeast. The Worcester insurance and financial services holding company said earnings were $17.7 million, or 33 cents a share, for the quarter, up from net income ...
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Fourth-quarter earnings jumped 64 percent, due in part to a $214 million gain from a tax benefit, as well as more streamlined operations at the military contractor.
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Financial services giant American Express Co. said Monday that third-quarter earnings rose to meet Wall Street expectations. Net income increased to $879 million, or 69 cents per share, from $770 million, or 59 cents per share, a year ago.
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Pfizer Inc. said Wednesday that third quarter earnings, excluding charges, beat Wall Street expectations by a penny, on strong sales of Lipitor and Celebrex medicines.
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Hartford Financial Services Group Inc , the fourth-largest U.S. insurer by assets, said on Thursday its third-quarter net income rose 12 percent, helped by growth in its life insurance operations.
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Third-quarter operating profit rose more than 50 percent thanks to resurgent earnings at the companyâs core VW brand.
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Health insurer Humana Inc  said  on Monday that fourth-quarter profit soared 57 percent, beating  Wall Street's expectations, on strength in its Medicare plans  for older Americans.
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General Electric Co. GE.N on Friday  reported higher third-quarter earnings as strength across many  of its financial and industrial businesses outweighed  hurricane-related insurance losses.
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Quarterly earnings rose to $58 million, or 18 cents per share, from $48 million, or 16 cents per share, last year. Excluding results from casinos scheduled to be sold, a write-down of the book value of Caesars
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Defense conglomerate General Dynamics Corp. said Wednesday that earnings rose 23 percent in the third quarter to $322 million, thanks to strong results across all its divisions.
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Third-quarter profit rose 15 percent to $1.28 billion as premium and fee growth in its Medicaid business helped offset lower enrollment in employer-sponsored programs.
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The health insurer got a boost from its growing government segment, a lower-than-expected income tax rate and a gain on the sale of a venture capital investment.
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Allstate Corp. , the largest  publicly traded home insurer in the United States, said on  Tuesday that quarterly earnings rose 16.5 percent, helped by  low catastrophe losses.
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The health insurer beats some estimates and raises others.
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The company said it earned $52 million in the fourth quarter on strong U.S. and international sales. Its shares climbed more than 7 percent in morning trading.
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Health insurer posted a rise in quarterly net profit as  increased membership boosted revenue.
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General Electric is posting quarterly earnings in line with Wall Street expectations. The diversified manufacturer and financial services company says revenue rose 15 percent on higher