Underwriting and Investments Favorably Impact Quarterly Earnings - Research Report on ING U.S., Progressive Insurance, XL Group,

 Underwriting and Investments Favorably Impact Quarterly Earnings - Research
   Report on ING U.S., Progressive Insurance, XL Group, AFG, and Alleghany

PR Newswire

NEW YORK, May 31, 2013

NEW YORK, May 31, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Wall Street Reports announced new research reports highlighting ING
U.S., Inc. (NYSE: VOYA), The Progressive Corporation (NYSE: PGR), XL Group
plc. (NYSE: XL), American Financial Group (NYSE: AFG), and Alleghany
Corporation (NYSE: Y). Today's readers may access these reports free of charge
- including full price targets, industry analysis and analyst ratings - via
the links below.

ING U.S., Inc. Research Report

On May 23, 2013, ING U.S., Inc. (ING (U.S.) reported its Q1 2013 financial
results. The Company reported Q1 2013 operating earnings after income taxes of
$167 million, or $0.73 per share, representing a 7.1% YoY growth. "We continue
to effectively execute the fundamental elements of our Retirement Readiness
strategy and our Ongoing Business operating ROE improvement plan, which
resulted in Ongoing Business operating earnings for the quarter. We are on
track to hit our ROE targets for the year," said Rodney O. Martin, Jr.,
Chairman and CEO of ING U.S. "Our annualized Ongoing Business adjusted
operating ROE grew 120 basis points to 9.5% in the first quarter, largely
driven by the reduction in the amount of capital allocated to the Ongoing
Business, due to recapitalization initiatives, and improvement in operating
earnings. Our goal continues to be steady improvement of approximately 110
basis points per year toward our 2016 target of 12% to 13%," added Martin. The
Full Research Report on ING U.S., Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.wsreports.com/r/full_research_report/9132_VOYA]

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The Progressive Corporation Research Report

On May 13, 2013, The Progressive Corporation (Progressive Insurance) announced
its plan to open nine new Service Centers across the country, in 2013. The new
Service Centers will be opened in these locations: Silver Spring, Md.,
Malvern, Pa., South Plainfield, NJ, Pasadena, Calif., La Vista, Neb.,
Westwood, Mass., Dayton, Ohio, Sacramento, Calif., and Baton Rouge, La.
"Opening these additional facilities enables more customers across the country
to take advantage of our best customer repair process," said Tricia Griffith,
Claims Group President at Progressive Insurance. Griffith added, "This service
is especially important for our commercial auto small business customers who
rely on vehicles to keep their business going." Griffith continued, "Getting
our customers back on the road is important to us, and our Service Centers
provide a unique and convenient way of processing claims and repairs." The
Full Research Report on The Progressive Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.wsreports.com/r/full_research_report/1a43_PGR]

--

XL Group plc. Research Report

On May 21, 2013, XL Group plc. (XL Group) announced that it is boosting its
inland marine business with the addition of Motor Truck Cargo Coverage
Solutions, customizable coverage for mid-to-large size trucking operations in
North America. "We are expanding our inland marine product offerings with
market-leading policies like our new motor truck cargo coverage. As a result
of investigating available policies and listening to what our brokers and
insureds suggested, the result is a comprehensive form to help deliver a
customized solution for our clients' specific needs," said Anne Marie Elder,
Chief Inland Marine Underwriting Officer of the Company's North America Marine
Group. The new Motor Truck Cargo Coverage Solutions includes flexible limits
for 23 additional coverage, plus 22 optional endorsements and multiple
reporting options and payment plans. "Coverage is available on a full policy
limit, primary, excess, and participation using either admitted or
non-admitted paper," added Alexander McGinley, Vice President for Inland
Marine at XL Group. The Full Research Report on XL Group plc. - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/5c47_XL]

--

American Financial Group Research Report

On May 8, 2013, American Financial Group (AFG) announced its Q1 2013 financial
results. The Company reported that core net operating earnings were down 1.2%
YoY to $84 million, or $0.92 per share, while Property & Casualty Insurance
(P&C) net written premiums were up 16% YoY to $704 million. For Q1 2013, net
earnings grew 6.2% YoY to $120 million, or $1.32 per diluted share. Annualized
ROE for Q1 2013 was 12.4%, compared with 11.8% in Q1 2012. "This year is off
to a great start with record profitability in our annuity operations and solid
underwriting results in our property and casualty businesses," said S. Craig
Lindner and Carl H. Lindner, CEOs of AFG, in a joint statement. They further
said, "We are pleased to see the positive impact of maintaining spreads in our
annuity business as well as market firming in selected P&C markets, which have
created opportunities for higher growth and improved results in some of our
P&C operations." Further, AFG affirmed its full-year 2013 core net operating
earnings guidance in the range of $3.60 to $4.00 per share. The Full Research
Report on American Financial Group - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.wsreports.com/r/full_research_report/a429_AFG]

--

Alleghany Corporation Research Report

On May 6, 2013, Alleghany Corporation (Alleghany) announced its financial
results for Q1 2013. The Company's net earnings declined to $196.3 million, or
$11.67 per share, from net earnings of $560.1 million, or $51.06 per diluted
share, in Q1 2012. Net earnings for Q1 2012 included 25 days of results of
TransRe as well as merger-related items associated with the purchase of
TransRe. Weston M. Hicks, President and CEO of Alleghany, commented,
"Alleghany grew its book value per share by 4.1% in the first quarter of 2013.
This growth reflects strong underwriting results at TransRe and RSUI.
Collectively, our insurance and reinsurance segments posted a combined ratio
of 83.1% for the first quarter of 2013 as a catastrophe free quarter, modest
favorable prior year loss development and premium growth all contributed to
our results." The Full Research Report on Alleghany Corporation - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/31e7_Y]

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