On Thursday, in the course of current trade, Shares of American International Group, Inc. (NYSE:AIG), gained 2.29%, and is now trading at $59.48, hitting its highest level.
American International Group, stated net income attributable to AIG of $2.5 billion, or $1.78 per diluted share, for the quarter ended March 31, 2015, contrast to $1.6 billion, or $1.09 per diluted share, for the first quarter of 2014. Net income comprised of net realized capital gains of $874 million, net of tax, which comprised of gains totaling $565 million, net of tax, associated with the sale of two large shareholdings.
After-tax operating income was $1.7 billion, or $1.22 per diluted share, for the first quarter of 2015, contrast to $1.7 billion, or $1.18 per diluted share, in the preceding-year quarter. Operating results in the first quarter of 2015 reflected improved underwriting results in Commercial Insurance, lower alternative investment returns contrast to the strong level a year ago, in addition to the continued effect of the low interest rate environment on net investment income. Additionally, after-tax operating income reflected an unfavorable year-over-year impact from changes in the discount on workers’ compensation reserves.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally. The company’s Commercial Insurance segment offers general liability, commercial automobile liability, workers’ compensation, excess casualty, and crisis administration causality insurance products; commercial, industrial, and energy-related property insurance products; aerospace, environmental, political risk, trade credit, surety, and marine insurance products, in addition to various insurance products for small and medium sized enterprises; and professional liability insurance products for a range of businesses and risks.
During an Afternoon trade, Shares of Anthem, Inc. (NYSE:ANTM), dipped -2.27%, and is now trading at $156.22.
Anthem, declared the pricing of its registered public offering of $1.175 billion in equity units. Each equity unit will be issued in a stated amount of $50 and will comprise of a contract to purchase Anthem’s common stock in the future and a 1/20, or 5%, undivided beneficial ownership interest in a remarket able subordinated note due 2028 having a principal amount of $1,000. Anthem has also granted the underwriters of the equity units a 13-day option to purchase up to an additional $75 million in additional equity units, solely to cover overallotments.
Total annual payments on the equity units will be at the rate of 5.25% per annum, compriseing of interest on the remarketable subordinated notes at a rate of 1.90% per annum and payments under the related stock purchase contracts at a rate of 3.35% per annum. The number of underlying shares will be determined based on the price of Anthem’s common stock at the maturity of the stock purchase contract. The share price used to calculate the maximum number of underlying shares is $143.865 per share, which is equal to 90% of the closing price per share of Anthem’s common stock on the date of the pricing of the offering. The share price used to determine the minimum number of underlying shares is $207.805 per share, which represents a premium of 30% over the closing price per share of Anthem’s common stock on the date of the pricing of the offering. Under each purchase contract, holders are required to purchase a variable number of shares of Anthem’s common stock no later than May 1, 2018.
Credit Suisse and BofA Merrill Lynch are joint book-running managers for the equity units offering.
Anthem, Inc., through its auxiliaries, operates as a health benefits company in the United States. It operates through three segments: Commercial and Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small employer, individual, Medicaid, and senior markets.
Shares of Baidu, Inc. (NASDAQ:BIDU), during its Thursday’s current trading session gained 1.19%, and is now trading at $192.32.
Baidu, declared its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights
- Total revenues in the first quarter of 2015 were RMB12.725 billion ($2.053 billion), a 34.0% enhance from the corresponding period in 2014. Mobile revenue represented 50% of total revenue for the first quarter of 2015, up from 42% in the fourth quarter of 2014.
- Operating profit in the first quarter of 2015 was RMB2.155 billion ($347.7 million), a 9.2% decrease from the corresponding period in 2014.
- Net income attributable to Baidu in the first quarter of 2015 was RMB2.449 billion ($395.1 million), a 3.4% decrease from the corresponding period in 2014. Diluted earnings attributable to Baidu per ADS for the first quarter of 2015 were RMB6.76 ($1.09); diluted earnings attributable to Baidu per ADS not taking into account share-based compensation expenses (non-GAAP) for the first quarter of 2015 were RMB7.58 ($1.22).
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
Finally, Southwest Airlines Co. (NYSE:LUV), gained 2.37% Thursday.
Today, Southwest Airlines declared that the Company flew 9.9 billion revenue passenger miles (RPMs) in April 2015, an 8.6 percent enhance from the 9.1 billion RPMs flown in April 2014. Accessible seat miles (ASMs) raised 6.7 percent to 11.9 billion in April 2015, contrast with the April 2014 level of 11.2 billion. The April 2015 load factor was 83.1 percent, contrast with 81.7 percent in April 2014. For April 2015, passenger revenue per ASM (PRASM) is estimated to have reduced about 2.0 percent, contrast with April 2014.
For the first four months of 2015, the Company flew 35.8 billion RPMs, contrast with 33.3 billion RPMs flown for the same period in 2014, an enhance of 7.5 percent. Year-to-date ASMs raised 6.2 percent to a level of 44.2 billion, contrast with the 41.6 billion for the same period in 2014. The year-to-date load factor was 80.9 percent, contrast with 79.9 percent for the same period in 2014.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
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