Insurance Companies Declare Financial Results, Share Repurchase Programs, and Dividends - Research Report on Cincinnati Financial, AmTrust Financial, Loews, First American Financial, and Platinum PR Newswire NEW YORK, August 9, 2013 NEW YORK, August 9, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Analysts' Corner announced new research reports highlighting Cincinnati Financial Corp. (NASDAQ: CINF), AmTrust Financial Services, Inc. (NASDAQ: AFSI), Loews Corporation (NYSE: L), First American Financial Corporation (NYSE: FAF), and Platinum Underwriters Holdings Ltd. (NYSE: PTP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Cincinnati Financial Corp. Research Report On July 25, 2013, Cincinnati Financial Corp. (Cincinnati Financial) released its Q2 2013 financial results with revenue up 8.2% YoY to $1.1 billion. The Company's reported net income was $110 million or $0.66 per diluted share, compared to $32 million or $0.20 per diluted share in Q2 2012. According to Steven J. Johnston, President and CEO of Cincinnati Financial, "On both a net and operating basis, our earnings rose to the best level for any second quarter and any first half since 2007. Higher insurance underwriting profits drove the improvement, with pretax income from our investment portfolio also contributing at nearly the same satisfactory level reported for last year's second quarter. Our $34 million underwriting profit was the first second-quarter gain we've reported in six years, making this the sixth quarter out of the past seven with underwriting profit. We continue to invest capital and effort to improve our risk knowledge, our analytics and the technology we need to further streamline pricing, policy processing and customer service." The Full Research Report on Cincinnati Financial Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9b40_CINF] AmTrust Financial Services, Inc. Research Report On August 6, 2013, AmTrust Financial Services, Inc. (AmTrust Financial) announced that its Board of Directors have declared a stock dividend of 10% or 0.10 shares for each common share, payable on September 4, 2013, to shareholders of record as of August 20, 2013. Commenting on the announcement, Barry Zyskind, CEO of AmTrust Financial, said, "We believe a stock dividend is an excellent vehicle for rewarding our shareholders and building shareholder value. We are confident in our ability to grow our business profitably to offset the dilutive impact of a stock dividend to earnings per share." The Full Research Report on AmTrust Financial Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e570_AFSI] Loews Corporation Research Report On July 29, 2013, Loews Corporation (Loews) reported its Q2 2013 financial results with total revenues up 10.6% YoY to $3.7 billion. The Company's net income attributable to Loews was reported at $269 million or $0.69 per diluted share in Q2 2013, compared to $56 million or $0.14 per diluted share in Q2 2012. The Company also informed that post Q2 2013 it has repurchased 0.8 million shares of its common stock at an aggregate cost of $37 million, from July 1, 2013 to July 25, 2013. The Full Research Report on Loews Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3dcb_L] First American Financial Corporation Research Report On July 25, 2013, First American Financial Corporation (First American Financial) released its Q2 2013 financial results. The Company's reported total revenues went up by 18.2% YoY to $1.3 billion and net income attributable to the Company was $34.7 million or earnings of $0.31 per diluted share, compared to $73 million or earnings of $0.68 per diluted share. According to Dennis J. Gilmore, CEO for First American Financial, "Our business gained momentum in the second quarter as the housing market continued to improve. Strength in our title insurance segment drove revenue up 18 percent. Our commercial division's performance was particularly strong, with revenues up 35 percent compared with last year." The Full Research Report on First American Financial Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7aa2_FAF] Platinum Underwriters Holdings Ltd. Research Report On July 24, 2013, Platinum Underwriters Holdings Ltd. (Platinum) announced that it has increased the authorized amount under its current share repurchase program to a total of up to $250 million of its common shares. The Company stated that depending on market conditions, repurchases under the program can be made in open market or privately negotiated transactions or otherwise, every now and then, depending on market conditions. Platinum also announced that the Company's Board of Directors has declared a quarterly dividend of $0.08 per common share which is payable on September 30, 2013, to shareholders of record as of September 3, 2013. The Full Research Report on Platinum Underwriters Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d342_PTP] EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to making mistakes. 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Insurance Companies Declare Financial Results, Share Repurchase Programs, and Dividends - Research Report on Cincinnati
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