Friday, April 24, 2009

Calendar Items

Starting next week insurers will start reporting first quarter 2009 results. The following is a list of many insurers who will reporting through early May listed by date.
April 27
W.R. Berkley Corp.—news release followed by an April 28 webcast of the conference call.
April 29
Aetna—news release and conference call.
Aflac—news release followed by webcast of a conference call on April 30.
Unum Group—news release followed by a conference call on April 30.
April 30
CIGNA—news release and conference call.
Hartford Financial Services Group—news release followed by a May 1 conference call.
Met Life—news release followed by May 1 conference call and Webcast.
May 2
Berkshire Hathaway—annual meeting in Omaha, Neb.
May 4
Principal Financial Group—news release followed by a May 5 conference call.
May 5
Lincoln Financial Group—news release followed by a May 6 conference call and Webcast.
Phoenix Cos.—news release followed by a conference call.
Prudential Financial—news release followed by a May 6 conference call.
May 7
Allstate Corporation—news release followed by conference call on May 8.
Genworth Financial—news release followed by a May 8 conference call.
Manulife Financial—Webcast of its annual meeting and a separate webcast of its first quarter financial results.

In addition, Chubb Corp. reported first quarter 2009 net income of $341 million compared with $664 million in first quarter 2008. Operating income defined as net income less after-tax realized investment gains and losses, declined to $514 million from $620 million in respective 2009 and 2008 first quarters.
Among the reasons cited was a 7% decline in net written premiums and a first quarter combined loss and expense ratio of 88.1% in first quarter 2009 versus 83.9% in first quarter 2008. Property and casualty investment income after taxes also declined 6%.

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