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Best’s Special Report: Benefits and Reserves Outpace Revenue Growth, Dampening Earnings for Publicly Traded US Life/Annuity Insurers

Wed, 04/17/2024 - 10:38
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--Total GAAP revenue of publicly traded U.S. life/annuity companies rose year over year by 2.3% in 2023 to $287.2 billion, aided by 20% growth in investment income. However, according to a new AM Best report, a higher level of benefits paid and reserve increases led to a 43% decline in net income to $18.7 billion. The new Best’s Special Report, titled, “Benefits and Reserves Outpace Revenue Growth, Dampening Earnings for Publicly Traded US L/A Insurers,” states tha

Conduent to Report First-Quarter 2024 Financial Results on May 1, 2024

Wed, 04/17/2024 - 10:38
FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT) plans to report its first-quarter 2024 financial results on Wednesday, May 1, 2024 before market open.

Envoy Research Reveals 96% of Companies Have Returned to Their Physical Workplaces, Announces Strategic Tooling Designed to Support RTO Success

Wed, 04/17/2024 - 07:38
SAN FRANCISCO--(BUSINESS WIRE)--Envoy, the only integrated workplace platform that connects people, spaces, and data, today announced dynamic space recommendations and data-enriched workplace mapping. These new capabilities will provide contextual space utilization insights and streamlined workplace design to ensure return to office (RTO) success. An Envoy “Future of the Workplace” industry report set to be published later this month shows that 96% of companies surveyed have returned to the off

Pulsate Wins “New CUSO of the Year” at 2024 NACUSO Network Conference

Wed, 04/17/2024 - 07:38
DUBLIN--(BUSINESS WIRE)--Pulsate, provider of mobile-first engagement solutions that deepen digital banking relationships and cut through noise in consumers’ moments of need, has been awarded 2024 “New CUSO of the Year” from the National Association of Credit Union Service Organizations (NACUSO) at the NACUSO Network Conference in Orlando, Fla. The CUSO Awards recognize CUSOs with stories of great accomplishments and innovation that push for advancements within the credit union industry. NACUSO

Bowman Acquires MEP and Fire Protection Engineering Firm Moore Consulting Engineers

Wed, 04/17/2024 - 07:38
RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, today announced the acquisition of Moore Consulting Engineers (“Moore”), a mechanical, electrical, plumbing, and fire protection (“MEP/FP”) engineering firm based in Shamong, New Jersey. Moore provides comprehensive MEP/FP engineering services to private a

Visa Reimagines Payment Acceptance for the ‘Click-and-Mortar' Era

Wed, 04/17/2024 - 07:38
SAN FRANCISCO--(BUSINESS WIRE)--With a new fast-growing segment of ‘Click-and-Mortar™, shoppers who rely on digital features to shop both online and in-store1, merchants are managing complex technology as they work to provide consistent payment experiences. Visa (NYSE: V), a global leader in digital payments, is offering sellers expansive, simplified services to keep pace with those demands. “The payments sector has made significant strides in simplifying the consumer shopping experience. In do

Ziff Davis to Announce First Quarter 2024 Earnings

Wed, 04/17/2024 - 07:38
NEW YORK--(BUSINESS WIRE)--Ziff Davis, Inc. (NASDAQ: ZD) will release its First Quarter 2024 Earnings at 6:00PM ET on Wednesday, May 8, 2024. Additionally, Ziff Davis invites the public, members of the press, the financial community, stockholders, and other interested parties to listen to a live audio Webcast of its First Quarter 2024 Earnings Call at 8:30AM ET on Thursday, May 9, 2024. Vivek Shah, Chief Executive Officer, and Bret Richter, Chief Financial Officer, will host the call. Materials

Growth Equity Firm Edison Partners Opens New Nashville Office

Wed, 04/17/2024 - 07:38
NASHVILLE, Tenn. & PRINCETON, N.J.--(BUSINESS WIRE)--Growth equity investment firm Edison Partners announced today that it has opened a new office in Nashville, Tennessee located at the Nashville Warehouse Company in the Wedgewood Houston neighborhood. The 38-year-old firm is known for its investments in growth-stage technology companies in emerging tech hubs of North American markets outside of Silicon Valley and was one of the first software investors in the Mid-Atlantic corridor. More than s

Angeles Equity Partners Portfolio Company Data Clean Acquires DC Canada

Wed, 04/17/2024 - 07:38
LOS ANGELES--(BUSINESS WIRE)---- $manda #datacenters--Data Clean Acquires DC Canada to extend contamination control and critical environment cleaning value proposition across Canadian datacenter market

BankUnited, Inc. Reports First Quarter 2024 Results

Wed, 04/17/2024 - 07:38
MIAMI LAKES, Fla.--(BUSINESS WIRE)--Q1 2024 Earnings Results

U.S. Bancorp Reports First Quarter 2024 Results

Wed, 04/17/2024 - 07:38
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Reports First Quarter 2024 Results

Insurance leaders optimistic about AI’s impact on underwriting quality and fraud reduction but underwriter confidence lags

Wed, 04/17/2024 - 07:38
PARIS--(BUSINESS WIRE)--Only 8% of P&C insurers are regarded as underwriting “trailblazers” consistently outperforming carriers with AI-driven insights and automation.

PestCo Expands its Pacific Northwest Footprint Through Acquisition of Sasquatch Pest Control Assets

Wed, 04/17/2024 - 07:38
ST. LOUIS--(BUSINESS WIRE)--Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, today announced the acquisition of the assets of Sasquatch Pest Control Corp. (Sasquatch) by PestCo Holdings, LLC (PestCo), a TSCP portfolio company. Located in Portland, Oregon, Sasquatch is a provider of residential pest control services. Terms of the transactions were not disclosed. PestCo is a growth-oriented, national provider of pest control services to residential and commercial

Ault Alliance Announces Strong Performance from its Global Defense and Electronics Subsidiary Gresham Worldwide

Wed, 04/17/2024 - 07:38
LAS VEGAS--(BUSINESS WIRE)---- $AGREE #AULT--Ault Alliance Announces Strong Performance by Global Defense & Electronics Subsidiary Gresham Worldwide; Growth Driven by Demand Amid Global Conflicts

Citizens Financial Group, Inc. Reports First Quarter 2024 Net Income of $334 million and EPS of $0.65

Wed, 04/17/2024 - 07:38
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported first quarter 2024 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov. “We are pleased to start the year with a solid first quarter,

Agreement with Futura Vacanze for Lost Luggage Concierge and Dr. Travel Services

Wed, 04/17/2024 - 07:38
ROME--(BUSINESS WIRE)-- #AI--Sostravel.com S.p.A. announces that it has signed a new multi-year agreement with Futura Vacanze, one of the leading Italian Tour Operators, to offer vacations to the Sea, Mountains, and Wellness destinations. The Lost Luggage Concierge service is an exclusive luggage search, tracking, and delivery service automatically included in Futura Vacanze packages with international destinations. The service includes active tracking with compensation of up to €100 per day for dela

Graycliff Partners Announces Sale of Ballymore Safety Products

Wed, 04/17/2024 - 07:38
NEW YORK--(BUSINESS WIRE)--Graycliff Partners LP today announced the sale of Ballymore Safety Products (“Ballymore”), a leading designer and manufacturer of engineered vertical access and material handling safety-related products for use in industrial and retail environments, to One Equity Partners (“OEP”), a middle market private equity firm. Based in Coatesville, PA, Ballymore offers a broad suite of products and services, including rolling safety ladders, lifts, work platforms, fall protecti

Survey Says: Personal Finance Knowledge Gaps Are Leading to Costly Mistakes

Wed, 04/17/2024 - 07:38
COSTA MESA, Calif.--(BUSINESS WIRE)--Lack of financial knowledge is leading to costly financial missteps for many Americans according to new research released today by Experian®.

American Couples Have Shared Goals for Retirement, but Haven’t Nailed Down the Details: New Research from Ameriprise Financial

Wed, 04/17/2024 - 07:38
MINNEAPOLIS--(BUSINESS WIRE)--American investors in committed relationships overwhelmingly trust their spouses or partners on money matters (95%) and share similar goals for retirement (93%), but some haven’t reached consensus on emotionally-charged decisions such as how much they need to save or what will happen to their money after they pass away, according to new research released today by Ameriprise Financial (NYSE: AMP). The Ameriprise Couples, Money & Retirement research found that 94

4me and Vitality Unveil the Future of Autonomous Enterprise Service Management at SITS24

Wed, 04/17/2024 - 04:38
SANTA BARBARA, Calif.--(BUSINESS WIRE)--In an era where digital transformation is more than just a buzzword, the SITS24 conference stands as a beacon for IT Service Management and Support professionals seeking to harness innovative technologies and ideas to propel their IT and enterprise service delivery. Scheduled for April 17-18, 2024 at the ExCeL conference center in London, SITS24 is a powerful opportunity to dive into current industry trends and explore the future. SITS24 is a unique confl

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