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Property & Casualty Insurance

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Travelers expects property & casualty insurance market to remain "competitive"

1:07pm BST

Oct 19 (Reuters) - Travelers Companies Inc :Travelers Companies-property & casualty insurance market conditions expected to remain "competitive" during rest of 2017 & into 2018 for new business‍​.Travelers Companies-in business insurance,expects underlying underwriting margins & combined ratio for rest of 2017 & 2018 to be broadly consistent.Travelers Companies - in personal insurance, expects underlying underwriting margins during rest of 2017 to be higher than in same period of 2016.Travelers Companies - in personal insurance, expects underlying combined ratio during remainder of 2017 to be lower than in same period of 2016.Travelers Companies - in personal insurance, expects underlying underwriting margins into 2018 will be higher versus same periods of 2017.Travelers Companies - in personal insurance, expects underlying combined ratio into 2018 will be slightly lower versus same periods of 2017.Travelers Companies Inc - overall, expects retention levels will remain "strong by historical standards" during remainder of 2017 and into 2018.

Travelers sees losses in Q4 from wildfires in California

12:48pm BST

Oct 19 (Reuters) - Travelers Companies Inc :Travelers companies says it expects to incur significant catastrophe losses in Q4 of 2017 resulting from recent wildfires in california‍​ - SEC filing.

Travelers Q3 core earnings per share $0.91

11:57am BST

Oct 19 (Reuters) - Travelers Companies Inc ::Travelers reports third quarter net income and core income per diluted share of $1.05 and $0.91, respectively, including catastrophe losses of $1.63 per diluted share.Q3 core earnings per share $0.91.Q3 earnings per share $1.05.Q3 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.Travelers Companies Inc - at quarter-end book value per share of $86.73 and adjusted book value per share of $83.06‍​.Travelers Companies Inc - ‍​qtrly net written premiums $6.66 billion versus $6.39 billion.Travelers Companies Inc - qtrly total revenue $7.33 billion versus $6.96 billion.Travelers Companies Inc - qtrly catastrophe losses, net of reinsurance, was $700 million versus $89 million.Travelers Companies Inc - qtrly net investment income of $588 million pre-tax versus $582 mln‍​.Travelers Companies Inc - qtrly combined ratio 103.2 percent versus 92.9 percent.Travelers Companies-catastrophe losses in Q3 primarily resulted from Hurricanes Harvey, Irma and Maria, wind and hail storms in southern region Of U.S..

RLI Corp reports Q3 earnings per share $0.04

Wednesday, 18 Oct 2017

Oct 19 (Reuters) - RLI Corp :RLI reports third quarter 2017 results.Q3 operating earnings per share $0.04.Q3 earnings per share $0.04.Q3 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.RLI Corp - qtrly ‍consolidated revenue $196.25 million versus $206.35 million.RLI Corp qtrly ‍book value per share of $19.95, an increase of more than 9 pct from year end 2016, inclusive of dividends​.Q3 revenue view $188.1 million -- Thomson Reuters I/B/E/S.

MGIC Investment Q3 earnings per share $0.32

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - MGIC Investment Corp :MGIC investment corporation reports third quarter 2017 results.Q3 adjusted non-gaap operating earnings per share $0.32.Q3 earnings per share $0.32.Q3 revenue $270.4 million versus $273.9 million.Q3 earnings per share view $0.26 -- Thomson Reuters I/B/E/S.MGIC Investment - ‍at Sept 30, percentage of loans that were delinquent, excluding bulk loans, was 3.19 percent,compared to 4.05 percent at Dec 31, 2016​.MGIC Investment Corp qtrly ‍new insurance written $14.1 billion versus $14.2 billion ​.Qtrly ‍net premiums earned were $237.1 million compared to $237.4 million for same period last year​.MGIC Investment Corp - ‍new insurance written in Q3 was $14.1 billion, compared to $14.2 billion in Q3 of 2016​.MGIC Investment Corp - ‍net premiums written for quarter were $255.9 million, compared to $250.3 million for same period last year​.

EMC Insurance Group Inc. announces estimate for third quarter catastrophe and storm losses

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - EMC Insurance Group Inc :EMC Insurance Group Inc. announces estimate for third quarter catastrophe and storm losses, and third quarter earnings call and access information.EMC Insurance Group - ‍expects to report Q3 2017 catastrophe and storm losses totaling about $29.4 million​.EMC Insurance Group - ‍on a segment basis, catastrophe and storm losses expected to total about $9.9 million in property and casualty insurance segment​.EMC Insurance - ‍reinsurance segment expects to report amount of catastrophe, storm losses totaling about $19.5 million ($0.60 per share after tax)​.

Radian enters into three-year, $225 mln unsecured revolving credit facility​

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Radian Group Inc ::Radian improves financial flexibility, strengthens capital structure and provides update on restructuring of services business.Radian Group Inc - ‍on October 16, 2017, Radian entered into a three-year, $225 million unsecured revolving credit facility​.Radian Group Inc - ‍terms of credit facility include an option to increase capacity during term of agreement, up to a total of $300 million​.Radian Group - ‍committed to a estructuring plan for services segment and expects to incur pretax charges of approximately $12 million in Q3​.Radian Group Inc - ‍as part of restructuring plan, Radian has eliminated position of president of services business​.Radian - ‍additional pretax charges of about $8 million are expected to be recognized related to restructuring of services segment​ within next 12 months.

Old Republic announces Q3 special charges

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Old Republic International Corp ::Old Republic announces third quarter special charges.Says to include pretax operating charges aggregating $150.0 million in financial statements for 3, 9 months ended Sept 30.Says $150 million ‍charges include estimated general insurance claim provisions related to exposures from Hurricanes Harvey, Irma​‍​.

Progressive Q3 EPS ‍$0.38​/shr

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Progressive Corp :Progressive reports September 2017 results.Progressive Corp - qtrly earnings per share ‍$0.38​.Progressive qtrly ‍net premiums written $7,142.4 million, up 18 percent.Progressive qtrly ‍net premiums earned $6,544.0 million, up 14 percent​.Q3 earnings per share view $0.34 -- Thomson Reuters I/B/E/S.

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