On Monday, Old Republic International Corporation (NYSE:ORI)’s shares declined -0.36% to $16.67.
Old Republic International Corporation (ORI) stated that net operating income for this year’s second quarter and first half exceeded our expectations. The results were bolstered by much improved underwriting performance in the Company’s general insurance business and by continued strength of its title insurance operations. The RFIG run-off segment also posted better year-over-year results partly due to less burdensome litigation claim expense provisions than practiced in the same periods of 2014. This year’s merged net income was comparatively lower as the unusually high level of realized investment gains recognized in the first half of 2014 were not repeated in this year’s second quarter and year-to-date periods.
The preceding table shows both operating and net income to highlight the effects of realized investment gain or loss recognition on period-to-period earnings comparisons. Administration uses net operating income, a non-GAAP financial measure, to evaluate and better explain operating performance, believing that this measure enhances an understanding of Old Republic’s core business results. Operating income, however, does not replace net income determined in accordance with GAAP as a measure of total profitability.
Old Republic International Corporation, through its auxiliaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company’s General Insurance Group segment offers automobile extended warranty, aviation, commercial automobile, commercial multi-peril, general liability, home warranty, inland marine, travel accident, and workers’ compensation insurance products; and financial indemnity products for specialty coverages, counting errors and omissions, directors and officers, fidelity, guaranteed asset protection, and surety. T
Herbalife Ltd. (NYSE:HLF)’s shares dropped -1.47% to $49.75.
Global nutrition company Herbalife (HLF) declared its support of more than 700 Special Olympics athletes, coaches and staff from around the world who are coming to Los Angeles to compete in the 2015 Special Olympics World Games, starting on July 25, counting one of the World Games’ youngest athletes.
The support of Special Olympics athletes from countries in Central America, Asia Pacific, and Europe, is in addition to Herbalife’s official role as Games Supplier for the World Games, which comprises providing nutrition bars to athletes, coaches, staff, volunteers and honored guests at all sports venues and general dining areas.
Herbalife Ltd., a nutrition company, develops and sells weight administration, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and personal care products. The company offers science-based products in four principal categories, counting weight administration; targeted nutrition; energy, sports, and fitness; and outer nutrition. The weight administration product portfolio comprises meal replacement, protein shakes, drink mixes, weight loss enhancers, and healthy snacks. The targeted nutrition products comprise dietary and nutritional supplements containing herbs, vitamins, minerals, and other natural ingredients.
At the end of Monday s trade, ITC Holdings Corp. (NYSE:ITC)‘s shares surged 1.04% to $34.13.
ITC Holdings Corp. (ITC) declared its results for the second quarter and six month period ended June 30, 2015.
Stated net income for the second quarter, measured in accordance with Generally Accepted Accounting Principles (GAAP), was $72.3 million, or $0.46 per diluted common share, contrast to $54.3 million or $0.34 per diluted common share for the second quarter of 2014. For the six months ended June 30, 2015, stated net income was $139.5 million, or $0.89 per diluted common share, contrast to $123.5 million, or $0.78 per diluted common share for the same period last year.
Operating earnings for the second quarter were $80.8 million, or $0.52 per diluted common share, contrast to operating earnings of $72.7 million, or $0.46 per diluted common share for the second quarter of 2014. For the six months ended June 30, 2015, operating earnings were $153.9 million, or $0.98 per diluted common share, contrast to operating earnings of $142.5 million, or $0.90 per diluted common share for the same period last year.
ITC invested $331 million in capital projects during the six month period ended June 30, 2015, counting $82.8 million at ITCTransmission, $51.2 million at METC, $182.9 million at ITC Midwest, $10.0 million at ITC Great Plains and $4.1 million of Development and Other.
ITC Holdings Corp., together with its auxiliaries, engages in the transmission of electricity in the United States. The company functions as conduit, allowing for power from generators to be transmitted to local distribution systems through its own systems or in conjunction with neighboring transmission systems. It owns and operates high-voltage transmission facilities in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas, and Oklahoma.
Chimera Investment Corporation (NYSE:CIM), ended its Monday’s trading session with 0.28% gain, and closed at $14.27.
Chimera Investment Corporation. (CIM) declared that it will release its financial results for the quarter ended June 30, 2015 after the market close on Wednesday August 5, 2015. The Company will conduct a conference call and audio webcast to talk about the results on Thursday, August 6, 2015 at 11:00 a.m. EDT.
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its auxiliaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes. Its targeted asset classes comprise non-agency RMBS, such as investment-grade and non-investment grade classes; agency RMBS; interest-only RMBS; and first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, and industrial properties.
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