Baldwin & Lyons Inc., Board Meeting, Aug 11, 2015
Aug 11 15
Baldwin & Lyons Inc., Board Meeting, Aug 11, 2015. Agenda: To elect Mr. Jeffrey S. Cohen to the Board of Directors.
Baldwin & Lyons Inc. Elects Jeffrey S. Cohen as Director
Aug 11 15
Baldwin & Lyons Inc. announced that Mr. Jeffrey S. Cohen was elected to the Board of Directors during the company's regular quarterly board meeting held on August 11, 2015. As partner of The Knall/Cohen Group and Managing Director of Stifel Nicolaus, Mr. Cohen works closely with families, foundations and endowments, advising on asset protection and opportunities for wealth accumulation. Prior to joining the Group, Mr. Cohen was a partner with representing individuals and private and public corporations.
Baldwin & Lyons Announces Quarterly Dividend Payable on September 8, 2015
Aug 11 15
Baldwin & Lyons Inc. announced that at its regular quarterly meeting, the Board of Directors of Baldwin & Lyons Inc. declared a regular quarterly dividend of $0.25 per share on the Company’s Class A and Class B Common Stock. The dividend per share will be payable September 8, 2015 to shareholders of record on August 25, 2015.
Baldwin & Lyons Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 6 15
Baldwin & Lyons Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenues of $69,848,000 compared to $66,727,000 a year ago. Total revenue was $68,682,000 compared to $74,816,000 a year ago. Operating income was $6,476,000 or $0.43 per share compared with $4,082,000 or $0.27 per share for the same period last year. Net investment losses were $758,000 after tax, or $0.05 per share, compared to net investment gains of $5,258,000, or $0.35 per share, in the same quarter of 2014. Net income was $5,718,000 or $0.38 per share compared to $9,340,000 or $0.62 per share a year ago. Net premium earned for the second quarter of 2015 was $65.5 million, 4% higher than last year’s second quarter total of $62.9 million. Pre-tax investment income increased 39% compared to the second quarter of 2014 and 3% over the first quarter of 2015 reflecting higher average bond and dividend yields and increases in average funds invested resulting from positive cash flow. Book value per share increased $0.13 per share during the second quarter, after the payment of $0.25 per share in regular cash dividends. Operating cash flow during the second quarter was $3.5 million.
For the six months, the company reported operating revenues of $140,406,000 compared to $134,217,000 a year ago. Total revenue was $142,983,000 compared to $146,376,000 a year ago. Operating income was $10,286,000 or $0.68 per share compared with $7,798,000 or $0.52 per share for the same period last year. Net investment gains were $1,675,000 or $0.11 per share, compared to net investment gains of $7,903,000, or $0.53 per share, in the same quarter of 2014. Net income was $11,961,000 or $0.79 per share compared to $15,701,000 or $1.05 per share a year ago. For the six months, earned premium also increased 4% to a six month total of $131.9 million. For the six months, pre-tax investment income increased 30% compared to the prior year period. For the six months ended June 30, 2015, book value per share has increased $0.31 after the payment of cash dividends to shareholders totaling $0.50 per share. Operating cash flow during the six months was $14.2 million compared to $13.6 million the first half of last year.
Baldwin & Lyons Inc. to Report Q2, 2015 Results on Aug 06, 2015
Jun 10 15
Baldwin & Lyons Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 06, 2015