Property and Casualty Insurance Companies Report Financial Results - Research Report on AIG, Markel, Loews, Sun Life Financial, and MBIA Editor Note: For more information about this release, please scroll to bottom. PR Newswire NEW YORK, August 23, 2013 NEW YORK, August 23, 2013 /PRNewswire/ -- Today, Investors' Reports announced new research reports highlighting American International Group, Inc. (NYSE: AIG), Markel Corp. (NYSE: MKL), Loews Corporation (NYSE: L), Sun Life Financial Inc. (NYSE: SLF), and MBIA Inc. (NYSE: MBI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. American International Group, Inc. Research Report On August 1, 2013, American International Group, Inc. (AIG) released financial results for Q2 2013. Net income attributable to AIG was $2.7 billion, or $1.84 per diluted share, in Q2 2013, compared to a net income of $2.3 billion, or $1.33 per diluted share, in Q2 2012. Commenting on the results, Robert H. Benmosche, President and CEO of AIG, stated, "AIG's solid performance this quarter demonstrates the strength of our diverse global operations. These results underscore our businesses' strong fundamentals and reflect our continued commitment to meeting and exceeding the expectations of our customers across all facets of our organization." The Full Research Report on American International Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-13/AIG] -- Markel Corp. Research Report On August 7, 2013, Markel Corp. (Markel) reported financial results for Q2 2013. Markel reported diluted net income per share of $2.24 during the quarter, which was down compared to diluted net income per share of $8.42 in Q2 2012. Commenting on the results, Alan I. Kirshner, Chairman and CEO of Markel, said, "We completed the acquisition of Alterra on May 1, 2013, which was accretive to book value and tangible book value per share. While our consolidated underwriting results for the quarter were significantly impacted by transaction costs and acquisition-related expenses, the underwriting results of our legacy Markel operations for the quarter were strong, reflecting a 17% increase in gross premium volume and a combined ratio of 89%." Kirshner added, "With invested assets of approximately $17 billion and over $6 billion in shareholders' equity, the new Markel is well-positioned to take advantage of a wide range of opportunities in our insurance, non-insurance and investment operations." The Full Research Report on Markel Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-13/MKL] -- Loews Corporation Research Report On July 29, 2013, Loews Corporation (Loews) released its financial results for Q2 2013, with revenues totaling $3.7 billion, an increase of 9.9% YoY. Net income attributable to Loews stood 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. Loews stated that the Company's book value per share excluding accumulated other comprehensive income (AOCI) grew to $49.26 at June 30, 2013 from $47.42 at June 30, 2012. 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.investorsreports.com/report/2013-08-13/L] -- Sun Life Financial Inc. Research Report On August 7, 2013, Sun Life Financial Inc. (Sun Life Financial) reported financial results for Q2 2013. Total revenue from continuing operations was down 76.5% YoY to $1.2 billion. Operating net income from continuing operations was $431 million, or $0.71 operating earnings per diluted share from continuing operations, in Q2 2013, compared to $250 million, or $0.42 operating earnings per diluted share from continuing operations, in Q2 2012. Dean Connor, President and CEO of Sun Life Financial, said, "Sun Life had a very strong quarter. We continued to execute consistently against our four pillar strategy. Wealth sales and insurance sales each recorded increases of 32% and assets under management grew almost $58 billion to over $590 billion. We also benefited from favourable market conditions." The Full Research Report on Sun Life Financial Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-13/SLF] -- MBIA Inc. Research Report On August 7, 2013, MBIA Inc. (MBIA) reported Q2 2013 financial results. According to the Company, its consolidated total Q2 2013 revenue included $182 million of net losses on the fair value of insured derivatives compared with $775 million of net gains in Q2 2012. Net loss was $178 million, or $0.92 per diluted share, in Q2 2013, compared to net income of $581 million, or $2.98 per diluted share in Q2 2012. Commenting on the results, MBIA President and CFO, Chuck Chaplin, stated, "The second quarter brought a close to the challenges to the formation of National brought by a bank group, the elimination of nearly $18 billion of insured exposure, which included $11 billion of highly potentially volatile CMBS and ABS CDO exposures, the collection of almost three quarters of the put-back recoverables on our balance sheet at year-end 2012, and an agreement that should result in the eventual receipt of approximately $796 million of additional put-back recoverables related to our ResCap exposure." The Full Research Report on MBIA Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-13/MBI] ---- EDITOR NOTES: 1.This is not company news. 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Property and Casualty Insurance Companies Report Financial Results - Research Report on AIG, Markel, Loews, Sun Life Financial,
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